Category Archives: News

Apollo Makes Key Leadership Appointments Aligned to Firm’s Five-Year Plan Announced at 2024 Investor Day

Apollo logo

CEO Marc Rowan to Enter Into 5-Year Employment Agreement Extension

Jim Zelter Named President of Apollo Global Management

John Zito Named Co-President of Apollo Asset Management Alongside Scott Kleinman

NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Jim Zelter has been named President of Apollo Global Management, Inc. (AGM), the holding company for its asset management and retirement services businesses. The newly created role reflects Apollo’s continued operational expansion and its significant growth plans across both the Apollo Asset Management, Inc. (AAM) and Athene Holding Ltd. subsidiaries. As President, Zelter will work closely with AGM CEO Marc Rowan to drive Apollo’s recently announced five-year plan and lead a number of key strategic initiatives across its asset management and retirement services businesses.

In addition, John Zito has been named Co-President of AAM where he will serve alongside Scott Kleinman, Co-President of AAM. Kleinman and Zito will oversee all investing activity and day-to-day management of the asset management business. Zito will continue as Head of Credit for Apollo.

“We are rich for talent at Apollo. These senior leadership appointments reflect that and will support our ongoing evolution as a next generation financial services firm,” said CEO Marc Rowan. “Jim has been a key partner to me for nearly two decades and prior to joining the firm spent more than 20 years in financial services. John is a talented investor who has built an impressive credit organization with strong leadership; he will be a natural complement to Scott and his equities expertise.”

Rowan continued, “Two of the biggest trends we see in the next five years are the convergence of public and private markets, and the changing role of financial institutions. These promotions strengthen our position for the future as we execute on our five-year plan and capitalize on these opportunity sets.”

Jay Clayton, Chair of Apollo Global Management, said, “These appointments reflect Apollo’s commitment to strong, shareholder-aligned stewardship of the business, and our board enthusiastically supports this elevation of our next generation. We are finalizing a five-year extension of Marc’s leadership of the firm. With Marc at the helm, the senior leadership team in place, and our dozens of remarkable senior professionals across the firm, the board is confident we have the talent and alignment to deliver on our five-year plan for all our stakeholders.”

Jim Zelter said, “I joined Apollo nearly two decades ago and our evolution has been nothing short of transformational. We have crafted an ambitious, achievable strategy and purpose-built a platform that responds to the modern needs of how institutions and individuals will allocate and invest, how companies are financed, and the future of retirement and wealth generation. I am excited and energized to take on this new role and work with Marc and the management team to help Apollo achieve our full potential as innovators in both alternative asset management and retirement services.”

Jim Zelter joined Apollo in 2006 and led the build out and expansion of Apollo’s credit platform. He was named Co-President of AAM in 2018. John Zito joined Apollo in 2012 and serves as a Partner and head of Apollo’s credit business at AAM. Zito continues in these roles in addition to his new position as Co-President of AAM. Prior to Apollo, Zito was a Managing Director and Portfolio Manager at Brencourt Advisors and a Portfolio Manager at Veritas Fund Group.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately $733 billion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements
In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “seek,” “continue,” “will,” and variations of such words and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2024, and the quarterly report on Form 10-Q filed with the SEC on November 6, 2024, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

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Beyond Capital Partners is is honored with the CFI.co Award in the category “Innovator in Succession Solutions & Expansion Capital Germany 2024”

Beyond Capital

The international CFI.co Awards, which are presented annually by Capital Finance International, recognize outstanding individuals and organizations that contribute significantly to the convergence of the world’s economies, truly add value for their stakeholders and inspire others with their best practice to further improve their own performance.

Beyond Capital Partners was awarded in the category “Innovator in Succession Solutions & Expansion Capital Germany 2024”. The judging panel’s report emphasized the focus on responsible investments and sustainable growth, on gender equity, with women representing a significant high proportion of of the leadership team, and that by leveraging its entrepreneurial DNA and innovative strategies, Beyond Capital Partners has established itself as a trusted partner for founders navigating succession and expansion and is one of the most active lower-mid-market GPs in the DACH region.

The award resulted from voting by Capital Finance International readers and subscribers, as well as the staff working for organizations that support them, including the World Bank Group, various UN and EU bodies, as well as other prominent entities.

Christoph D. Kauter, Managing Partner and founder of Beyond Capital Partners: “We are delighted to have been recognized by the CFI.co jury as an innovator in the private equity industry. We see this as a confirmation of our investment strategy of good entrepreneurship, which we have been implementing for ten years now and in which we invest exclusively in successful medium-sized companies that create lasting value together with our team through a focussed growth and buy & build strategy.“

About Beyond Capital Partners: Beyond Capital Partners is an investment company advising its funds on the acquisition of majority shareholdings in profitable Mittelstand companies in the DACH region with a focus on asset-light business models in the areas of B2B services, IT services, software, healthcare & well-being, lifestyle and entertainment. As a SFDR8+ fund and with a special focus on ESG, Beyond Capital Partners also attaches particular importance to sustainable companies.
https://beyondcapital-partners.com/en/home

Categories: News

Novacap and H5 Data Centers Announce Formation of Joint Venture

Novacap

 

Novacap, a leading North American private equity firm, and H5 Data Centers, one of the United States’ largest privately-owned data center operators, are pleased to announce the formation of a joint venture focused on delivering advanced data center solutions across North America.

The joint venture will prioritize the development and repositioning of strategically located facilities to meet the growing demand for scalable, high-quality colocation space. The facilities aim to provide robust infrastructure, enhanced connectivity options, and industry-leading security features to enterprise and hyperscale customers.

“As we reach a critical juncture for power and compute, we are excited to partner with the H5 team to bring critical capacity online in key markets across the country,” says Ted Mocarski, Senior Partner and Head of Digital Infrastructure at Novacap.

“Data center projects continue to rapidly grow in scale, and we look forward to partnering with Novacap to deliver incredible data centers to support our customers’ significant IT infrastructure needs,” emphasizes Josh Simms, CEO at H5 Data Centers.

The joint venture with H5 Data Centers is Novacap’s fourth investment within its Digital Infrastructure platform and represents its continued commitment to building a diversified portfolio across the digital landscape.

Choate, Hall & Stewart LLP acted as legal advisor to Novacap. Hogan Lovells LLP acted as legal advisor to H5 Data Centers.

About Novacap
Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market companies in four core sectors: Technologies, Industries, Financial Services, and Digital Infrastructure. Novacap combines deep sector-specific expertise with strategic and operational excellence to support entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over C$10 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap continues to drive innovation and growth. For more information, please visit: https://novacap.ca.

About H5 Data Centers
H5 Data Centers is one of the leading privately-owned data center operators in the United States, with 4 million square feet of data center space under management in more than 20 US markets. Learn more at: https://h5datacenters.com.

 

 

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Ounce of Care and Standard Communities Announce National Launch of Tech-enabled Resident Services

Flare Capital
  • Partnership brings the Ounce platform to over 10,000 residents in 50 properties across 15+ metro areas and 8 states

WASHINGTON, Jan. 15, 2025 /PRNewswire/ — Ounce of Care, the nation’s leading provider of tech-enabled resident services for affordable housing communities, and Standard Communities, one of the largest affordable housing owners in the U.S., are excited to announce an innovative partnership that provides high-quality, tech-enabled services to residents across its portfolio. This partnership brings Ounce’s platform to over 10,000 residents in 50 properties across 8 states with plans to expand to additional properties in Standard’s portfolio in the future.

Ounce and Standard will work closely to assess and gain a comprehensive understanding of the unique needs and priorities of residents at each site. By conducting detailed evaluations and engaging directly with the community, the two can provide support that effectively addresses specific challenges and opportunities that residents experience.

Through its custom tech platform (the “Ounce Hub”) and a team of highly trained Community Navigators, Ounce will provide connections to social services and resources to residents who live in affordable housing. Using a hybrid service delivery model, the partnership will enhance financial stability, promote health and wellness, and create safer, more engaged communities.

“At Standard, we are committed to creating thriving communities where residents feel supported and empowered,” said Aaron Thomas, Senior Managing Director, Standard Communities. “Partnering with Ounce allows us to deepen that commitment by providing tech-enabled services that directly promote the well-being of our residents. With Ounce’s robust reporting and communications platform, we’re thrilled to have real-time insights into the tangible impact on their quality of life—this will help us create safer, healthier, and more connected communities.”

“We are thrilled to be partnering with Standard to expand Ounce’s impact to an additional 10,000 residents across the country,” said Rachel Munsie, co-founder and CEO of Ounce. “The Ounce model has demonstrated impact by connecting families and seniors to needed resources, putting money back into residents’ pockets, and delivering unparalleled resident satisfaction. This partnership allows us to replicate these outcomes nationally.”

About Ounce of Care

Ounce is on a mission to empower healthy and thriving communities. Ounce’s tech-enabled and scalable platform promotes resident engagement, stability, and outcomes. Ounce recently announced partnerships with AmeriHealth Caritas D.C., National Housing Trust, Enterprise Community Partners, and Jubilee Housing. With this partnership, Ounce now serves over 80 properties and 17,000 residents across the U.S.

Learn more at: www.ounceofcare.com

About Standard Communities

Based in New York and Los Angeles, Standard Communities has a portfolio of over 27,000 apartment units and more than $5 billion in assets under management across 21 states and Washington, D.C. With expertise in development, acquisitions, renovations and construction, Standard Communities strives to cultivate long-term public and private partnerships to produce and preserve high-quality, affordable and environmentally sustainable housing.

Learn more at: www.standard-communities.com

Media contact
press@ounceofcare.com

SOURCE Ounce of Care

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Keen is raising €125m to strengthen Europe’s defence tech ecosystem

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Keen

January 2025, Amsterdam — Keen Venture Partners, a leading VC firm based in Amsterdam, has announced plans to raise a €125 million fund dedicated to defence and security technology startups in Europe from seed to Series B.

This fund will be the first of its kind in the Benelux region and aims to become one of the largest defence tech investment funds in Europe. The goal is to support 20 to 25 startups from the seed stage to Series B, enabling the development of innovative solutions to address pressing geopolitical and security challenges.

“The shifting geopolitical landscape has created a critical need for Europe to become more self-reliant in defence and security. There is a real opportunity to build a stronger European defence industry,” says Alexander Ribbink, partner at Keen Venture Partners. “We are convinced that entrepreneurs and venture capital can strongly contribute to the safety of Europe. They are well-positioned to build and scale the innovative and cost-efficient solutions we need. Venture capital is essential to support and fuel entrepreneurship in the European defence industry, which will have lasting benefits far beyond the defence sector itself.”

Keen Venture Partners was founded in 2016, with a portfolio made up of investments in companies like EclecticIQ, Perciv.AI, and Avalor AI. The venture capital firm also benefits from an advisory board composed of military, political, and policy experts, reinforcing its strategic vision.

The new fund will focus on fostering innovative, dual-purpose technologies in European NATO countries, aligning closely with the European Defence Fund and NATO strategies.

Europe faces mounting strategic challenges, including the war in Ukraine, border threats, and growing tensions with China. NATO Secretary-General Mark Rutte has recently highlighted the need for Europe to mentally and physically prepare for potential conflicts.

Coupled with scrutiny over defence underspending, Keen argues that these factors underscore the urgency of building a robust, self-reliant, and sustainable European defence tech ecosystem.

The defence industry is undergoing a significant transformation, shifting from complex, low-volume systems to solutions that prioritise software, scalability, and cost-effectiveness. This evolution creates an opportunity for startups to lead innovation in “dual-use” technologies, serving both military and civilian purposes.

These include drones and radar systems, which can also support disaster response or environmental monitoring.

Entrepreneurship and venture capital can be crucial in building a scalable defence ecosystem, offering cost-effective and innovative solutions often overlooked by larger, more established defence companies. The European defence sector has experienced rapid growth, with over 100 startups exiting the market since 2017, according to Keen.

With this new fund, Keen Venture Partners aims to provide the financial backing and strategic support necessary to create a stronger, more resilient European defence ecosystem.

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Ardian invests in Sicer, a global leader in the production of specialty coatings for high-end ceramic decoration

Ardian

Ardian, a world-leading private investment house, announces that it has acquired a minority stake in Sicer, a long-established player active globally in the development and production of premium specialty coatings for the ceramic industry. The investment aims to support Sicer’s ambitious development plans, in partnership with entrepreneurs Gianfranco Padovani and Giuliano Ferrari, who are reinvesting to acquire the majority stake of the group. Sicer majority is being sold by the private equity fund Demos 1, managed by Azimut Libera Impresa SGR (Azimut Group), which had invested in the company in November 2020.

Founded in 1993 and headquartered in Fiorano Modenese, Sicer specializes in the development and production of innovative, high-performance coatings, including frits, glazes, engobes, glazes and inks. These products are essential for the surface treatment of high-end ceramic tiles, enhancing their durability, resistance, and aesthetics. Over the years, the company has built a strong reputation with a customer-oriented approach based on its commitment to quality and sustainability, exceptional service and innovation capabilities.

Sicer has a widespread presence in the main global ceramic districts, with production sites in Italy, Spain, the United States, Mexico, India, and Indonesia, and expects to close 2024 with revenues of approximately 130 million euros.

Ardian will acquire a minority stake in Sicer to support the company’s entrepreneurs and managers, Gianfranco Padovani (Executive Chairman), Giuliano Ferrari (CEO), and Marco Eumenidi (Commercial Director). They have an extensive experience in the ceramic market and strongly believe in the company’s business model. As part of the transaction, they will reinvest significantly to acquire a majority stake in Sicer, reaffirming their confidence in the group’s growth potential.

Ardian’s investment will help Sicer further consolidate its position in the European market, particularly in Italy and Spain, key regions for high-end ceramics. Additionally, Sicer plans to expand in the United States and India, leveraging its innovative products and strong international customer relationships. The company’s growth strategy focuses on enhancing its production capabilities, developing new products, and pursuing potential acquisitions to strengthen its global position.

“Sicer is a company with strong growth potential, blending tradition and innovation with technical expertise and customer focus. We believe in its potential and the vast experience of its management team, with whom we share values and vision. Together, we are confident we will achieve great results.” François Jerphagnon, Member of the Executive Committee, Managing Director Ardian France & Head of Expansion, Ardian

“We are excited to work with Sicer, an Italian excellence that has already secured a strong position in the international market and will continue to grow to become a preferred partner of main ceramic tiles players. Sicer’s strategy will benefit from Ardian global network and will focus on developing new products and expanding internationally. We are committed to supporting the entrepreneurs throughout this journey.” Marco Molteni, Managing Director Expansion, Ardian

“We are excited to partner with Ardian, whose support will be crucial to achieve our growth plans. This investment will strengthen our international presence, particularly in North America and Asia. With Ardian’s backing, we will continue to innovate and offer high-quality service. On behalf of the entire management team, we thank Azimut Libera Impresa for their support over the past four years, which has been instrumental in reinforcing Sicer’s global leadership through strategic investments and acquisitions.” Gianfranco Padovani, Executive Chairman, Sicer

“Ardian’s investment reflects the strength of our business model and growth potential. We look forward to working closely with Ardian to execute our strategic plans and drive Sicer’s global success, continuing the path started with Azimut Libera Impresa.” Giuliano Ferrari, CEO, Sicer

List of participants

  • Buyers

    • Ardian team: Marco Molteni, Giacomo Brettoni, Elisabetta Bozzoni Pantaleoni and Edoardo Munari
    • M&A (Buy side): Mediobanca
    • Legal advisors: PedersoliGattai (Stefano Catenacci) and Studio legale Sutich Barbieri Sutich (Giorgio Barbieri)
    • Business due diligence: Advancy
    • Financial due diligence: KPMG (Matteo Contini)
    • Tax due diligence: Gitti&Partners (Diego De Francesco), Abaco Commercialisti Associati (Alessandro Stradi) and Poggi&Associati (Vittorio Melchionda)
    • ESG due diligence: Ramboll
    • Insurance dd: Mactavish

  • Azimut

    • M&A (Sell side): DC Advisory (Giuliano Guarino)
    • Legal Advisor: Studio Giovannelli e Associati (Alessandro Giovannelli)

  • Sicer

    • Business Advisor: OC&C
    • Financial Advisor: EY

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $176bn of assets on behalf of more than 1,720 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT SICER

Sicer is one of the world leaders in the production of glazes, inks, and other solutions for high-quality ceramic decoration. Founded in 1993 in Fiorano Modenese, the heart of the Italian ceramic district, it specializes in the development and production of innovative, high-performance solutions for the surface treatment of high-end ceramic tiles, such as frits, glazes, enamels, and inks. With over 500 employees and production sites in Italy, Spain, the United States, Mexico, India, and Indonesia, Sicer has a widespread presence in the main global ceramic districts.

sicer.it

Media contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com

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EVK Joins Headwall Group to Strengthen Market Leadership in Hyperspectral Imaging and Industrial Sensor Solutions

Arsenal Capital Partners

Bolton, MA and Raaba, Austria — Headwall Group (“Headwall”), a global leader in high-performance spectral imaging solutions and optical components and a portfolio company of private equity firm Arsenal Capital Partners, is pleased to announce its acquisition of EVK DI Kerschhaggl GmbH (“EVK”), an Austria-based technology company specializing in industrial sensor-based sorting and inspection systems. This strategic acquisition marks a significant step forward in Headwall Group’s mission to enhance its portfolio and bolster its presence in the industrial machine vision market.

The integration of EVK into the Headwall Group is a natural extension of Headwall Group’s strategy to diversify its product offerings and deepen its capabilities in delivering comprehensive, high-value imaging solutions. EVK’s innovative hyperspectral technology and inductive sensor technologies as well as data analysis expertise align seamlessly with Headwall Group’s existing products and commitment to advancing hyperspectral imaging applications and AI-driven interpretation software in machine vision and remote sensing markets.

“We are thrilled to welcome EVK into the Headwall family,” said Mark Willingham, CEO of Headwall Group. “Their proven track record in sensor-based solutions and industrial inspection complements our vision of providing integrated, next-generation hyperspectral technologies at the speed and scale needed by the industry. This partnership will drive further innovation and accelerate our ability to meet the increasing demand for more advanced, application-focused imaging solutions.”

Matjaz Novak, CEO of EVK, stated, “Joining forces with Headwall presents a tremendous opportunity to combine our expertise and technologies. Together, we can offer our customers enhanced solutions and expand our reach in the industrial imaging market. We look forward to a collaborative future that leverages the strengths of both organizations.”

EVK’s cutting-edge technology, which spans a range of industries including food processing, plastics recycling, and material sorting, will empower Headwall Group to broaden its market reach and foster new growth opportunities in both machine vision and remote sensing applications.

About Headwall Group:

Headwall Group is a leader in designing and manufacturing hyperspectral imaging systems, optical components, and machine vision solutions. The company serves industries such as food processing, recycling, pharmaceuticals, and environmental monitoring, providing high-performance technology backed by proprietary software for data interpretation. With its headquarters in Bolton, MA, and a network of global subsidiaries, Headwall is dedicated to pushing the boundaries of imaging and AI-driven analytics. For more information, visit www.headwallphotonics.com.

About EVK:

EVK is a distinguished provider of sensor-based solutions for industrial applications. Based in Austria, EVK offers advanced sensor technology and data processing solutions that enable precise inspection and sorting in various industrial sectors. Their focus on robust, innovative technology has established them as a trusted partner in the industry. For more information, visit www.evk.biz.

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Spindrift Announces Partnership with Gryphon Investors and Appointment of Dave Burwick as CEO

Gryphon Investors

Founder Bill Creelman will retain equity ownership and move to a new role as board Chair

Spindrift Beverage Co., Inc., the leading maker of sparkling water with real squeezed fruit, announced today that Gryphon Investors, a San Francisco-based private investment firm, will acquire a majority stake in the company. Gryphon’s partnership coincides with the appointment of beverage industry veteran Dave Burwick as Spindrift’s new CEO. Bill Creelman, Spindrift’s Founder and current CEO, will move to a new role as Chair of Spindrift’s board. Creelman and the management team will retain a significant equity stake in the company. The investment, subject to customary closing conditions, is expected to be completed in the first quarter of this year. Additional terms of the transaction were not disclosed.

Spindrift was founded by Bill Creelman in his kitchen in 2010. Since then, the company has consistently achieved exceptional growth as consumers have fallen in love with Spindrift’s unsweetened sparkling waters. Today, the company is committed to proudly making things “the Hard Way” with real squeezed fruit.

“I’m incredibly proud of what we’ve built at Spindrift over the past 15 years,” said Creelman. “For this next stage of growth, we looked for two things: a leader who could understand our business and the brand as natively as the people who work here today and an investment partner with the right financial and operational resources to galvanize our market leadership. I have known and respected Dave for nearly a decade, and with his experience and Gryphon Investors’ expertise, I’m confident that we will continue to have tremendous success in growing the brand and inspiring consumers to choose beverages that are based on the belief that the best tastes come directly from nature.”

“Spindrift has a strong, beloved brand and differentiated product portfolio because it’s made with exceptional thought and care,” said Ryan Fagan, Managing Director at Gryphon. “This attention to quality underlies the company’s outsized share of growth across beverage categories—nearly tripling in size since 2020—and it’s what attracted us to invest in the business. We are thrilled to be partnering with both Bill and Dave, as well as the entire Spindrift team.” Fagan, along with Gryphon Partners Matt Farron and Mike Ferry, will be joining Spindrift’s board.

Burwick joins Spindrift following 35 years of leadership experience at global consumer brands. His positions included President and CEO of The Boston Beer Company, President and CEO of Peet’s Coffee, and President, North America at Weight Watchers. He previously spent 20 years at PepsiCo in various executive capacities, including as Chief Marketing Officer of both Pepsi-Cola North America and Pepsi-Cola International.

“I’m excited to join this dynamic team,” said Burwick. “Spindrift’s combination of talented professionals, superior products, and loyal customers has created a fantastic brand with a great future—one I can’t wait to be a part of.”

Kirkland & Ellis acted as legal advisor to Gryphon. Morgan Stanley & Co. LLC and Lazard acted as financial advisors to Gryphon. Simpson Thacher & Bartlett LLP and Morgan, Lewis & Bockius LLP acted as legal advisors to Spindrift. Piper Sandler and JP Morgan acted as financial advisors to Spindrift.

About Spindrift Beverage Co.

Founded in 2010 and based in Newton, MA, Spindrift makes premium beverages with real squeezed fruit and zero added sugar. Its line of more than 20 flavors of sparkling water, teas and lemonades, hard seltzers, and mocktails is sold through diversified channels, including grocery and specialty stores, club stores, mass market outlets, and wholesale foodservice companies across the U.S. From searching worldwide to source the best-tasting fruit to prioritizing quality throughout their carefully-hewn manufacturing process, Spindrift crafts its products to celebrate the aroma, texture, and taste of real fruit —never from concentrate—in every sip.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing, competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With approximately $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Contacts

Press contact:  media@drinkspindrift.com

For Gryphon:

Lambert

Caroline Luz

203-570-6462

cluz@lambert.com

or

Jennifer Hurson

845-507-0571

jhurson@lambert.com

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ButterflyMX Secures Significant Growth Equity Investment from FTV Capital

FTV Capital

Investment will accelerate new product development while further solidifying ButterflyMX’s market-leading position in the multi-tenant property access and security market

NEW YORK — ButterflyMX, the leading cloud-based property access platform for multifamily and commercial properties, today announced a significant growth equity investment from FTV Capital, a sector-focused growth equity firm. With nearly 17,000 buildings and 1.5 million people using ButterflyMX daily, this investment will enable expansion into new markets, accelerate new product offerings, and solidify its position as the leading provider of property access control and security solutions.

The property access control and security market has seen massive growth driven by technological advancements, evolving resident expectations, and a growing need for safety. According to data from Market and Markets, the global market for cloud-based access control is expected to surpass $15.2 billion in annual revenue by 2029. This reflects a growing demand from property owners and managers for software-enabled solutions that boost revenue, reduce operating expenses, enhance security, and improve user experiences for everyone who lives, works, or visits a property.

ButterflyMX provides an access management and security platform that helps buildings deliver better experiences while driving significant revenue and cost savings. From video intercoms and connected access control systems to security cameras and front desk management, ButterflyMX’s property-wide suite of software-enabled products and services is purpose-built for property owners and managers of multifamily, commercial, student housing, HOAs, and gated communities. The company’s products and solutions enable customers to manage property access remotely and automate building operations while seamlessly integrating into existing property systems.

“Since our founding nearly 10 years ago, we’ve grown from just a video intercom to a fully integrated suite of access control and security products and solutions that transform the property access experience from the front entrance to every door, gate, and elevator through a building,” said Aaron Rudenstine, CEO of ButterflyMX. “The future of ButterflyMX will continue to focus on developing solutions that automate building operations, allowing for more affordable property ownership and management. As we continue on this journey, we’re pleased to have the backing of FTV Capital, a firm with a deep understanding of both vertical software and tech-enabled hardware, a vast network of partners and advisors, and a shared vision to provide products and services that revolutionize how multi-tenant properties are owned and operated.”

“Cloud-based property access solutions have become mission critical as residents increasingly demand more seamless and secure experiences and property managers look to simplify and improve operations,” said Richard Liu, partner at FTV Capital. “ButterflyMX has already asserted its market leadership with best-in-class solutions that address complexities around multi-family and commercial access for tenants, building owners, and property managers. The strong market momentum and incredibly positive customer feedback we heard was a resounding testament to the company’s unique value proposition and the compelling ROI it delivers. We are excited to partner closely with ButterflyMX to help the company meaningfully scale in its next chapter.”

“With consistent growth, excellent unit economics, and a highly scalable model, ButterflyMX is well positioned to remain the gold standard in this market,” continued Kapil Venkatachalam, partner at FTV Capital. “By being in the natural flow of key data, strategic use of AI, and leveraging an open platform that allows for seamless integration with other ecosystem players across the globe, ButterflyMX will continue to streamline operations for various types of property owners and enhance the resident experience. We look forward to partnering with Aaron and the team to drive the business forward.”

As part of this growth investment, Liu, Venkatachalam, and Chris McPherson, vice president at FTV Capital, will join ButterflyMX’s board of directors. Lead Edge Capital and Fifth Wall are participating as co-investors in this funding round, while existing investors JMI Equity and Volition Capital will continue to maintain their positions on the company’s board of directors.

Raymond James acted as financial adviser to ButterflyMX, and Houlihan Lokey acted as financial advisor to FTV Capital. Financial terms were not disclosed.

About ButterflyMX

ButterflyMX is your complete property access and security platform, providing a secure, convenient, and cost-effective way to manage and grant access on the go. Empower your tenants to open doors, gates, and elevators with a smartphone and ensure they never miss a visitor or delivery. Enjoy easy installation, cut costs by eliminating building wiring and in-unit hardware, and save time by integrating with popular access control and property management systems. Join the 16,000+ multifamily, commercial, gated community, and student housing properties that have made access simple with ButterflyMX. For more information, visit www.butterflymx.com or call (800) 398-4416.

About FTV Capital

FTV Capital is a sector-focused growth equity investment firm that has raised more than $10.2 billion to invest in innovative, high-growth companies across two sectors: enterprise technology and services and financial technology and services. Founded in 1998, FTV has developed a highly differentiated and disciplined growth equity model, which leverages the firm’s deep domain expertise and thematic investing approach to help portfolio companies accelerate growth. FTV also provides companies with access to its Global Partner Network®, a strategic group of more than 500 executives from many of the world’s leading financial services firms and FTV Propel®, an in-house team of seasoned operational leaders who deliver counsel and resources across a range of critical business functions. For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.

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Apollo and Standard Chartered Form US$3B Financing Partnership for Global Infrastructure and Energy Transition Credit

Apollo logo

Standard Chartered Acquires Minority Stake in Apterra, an Apollo Platform Specializing in Infrastructure Debt Origination

Agreement to Accelerate Capital Formation for Next-Gen Infrastructure and Transition Assets

NEW YORK and LONDON, Jan. 14, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Standard Chartered PLC today announced a long-term strategic partnership to support and accelerate financing for infrastructure, clean transition and renewable energy globally, leveraging the leading origination and distribution capabilities of both firms.

As part of the agreement, Standard Chartered and Apollo Clean Transition Capital (“ACT Capital”), a sustainable investing platform, plan to contribute up to US$3 billion of clean energy and transition financing across a range of asset classes and sectors.

Origination for the partnership’s financing activities will be primarily undertaken by Apterra, an Apollo-owned platform that focuses on originating, structuring and deploying debt capital to execute infrastructure transactions globally. Standard Chartered has acquired a minority stake in the platform and will support its investment origination.

Jim Zelter, Apollo Asset Management Co-President, said, “The global industrial renaissance is creating unprecedented capital demands across next-gen infrastructure, sustainable power and other transition assets. This new agreement should accelerate our mutual financing and investment activity in these areas, and we are thrilled to do it in partnership with Standard Chartered, an important and long-time banking partner to Apollo’s franchise.”

Bill Winters, Group Chief Executive, Standard Chartered PLC said, “This partnership with Apollo, a market leader in alternative asset management, is a great opportunity to leverage our collective sector expertise and innovative mindset to help finance sustainable growth. Standard Chartered and Apollo have complementary origination and distribution capabilities, which increase the scale of the financing we can jointly deploy, and the size of the projects in which we can participate. We are very pleased to build on our long-term partnership with Apollo to both expand our existing geographical coverage and mobilise capital to these critical parts of the global economy.”

More Partnership Details

Apollo’s Clean Transition Capital strategy seeks to meet a wide range of clean energy and climate capital needs across credit and equities. Over the past 5 years, Apollo has deployed more than US$40 billion1 into energy transition and climate-related investments and believes the demand for capital in these areas will scale materially in the coming years.

Samuel Feinstein, Apollo Partner and President of ACT Capital, said, “We believe this partnership with Standard Chartered will serve as a significant accelerant to the growth of Apollo’s Clean Transition business and support its broader Infrastructure Credit platform, which are critical components of our firm’s strategic growth plans. We are equally pleased to welcome Standard Chartered as an aligned equity partner in the growing Apterra platform and believe we can expand our work together over time to serve the evolving needs of our global client bases. Collectively, ACT Capital and Apterra represent significant opportunities for Apollo and Standard Chartered to access climate and infrastructure credit.”

Apterra, an Apollo affiliate founded in 2023, has executed more than US$4.8 billion of transactions and is positioned to increase its already robust growth trajectory with the strategic equity support of Standard Chartered. Apterra is led by industry veterans Ralph Cho, co-CEO, and Michael Pantelogianis, co-CEO, alongside a highly experienced management team.

Standard Chartered, one of the world’s leading cross-border and wealth management banks, is among the top infrastructure lenders in Asia, Africa and the Middle East, with a strong and growing presence in the renewables sector.

Henrik Raber, Global Head, Global Banking at Standard Chartered, said: “With the global growth in infrastructure financing, and our strong presence in the sector, we are delighted to partner with ACT Capital, participate in Apterra and collaborate with the Apollo team. This is an exciting opportunity alongside our existing advisory and financing capabilities.”

As part of the partnership, Standard Chartered will provide a senior secured credit facility to ACT Capital to fund project finance and infrastructure loans. Financial terms for Standard Chartered’s purchase of a minority equity interest in Apterra are not disclosed. PJT Partners acted as exclusive financial advisor to Standard Chartered.

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1. As of June 30, 2024. Deployment commensurate with Apollo’s proprietary Climate and Transition Investment Framework, which provides guidelines and metrics with respect to the definition of a climate or transition investment. Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) total facility size for Apollo originated debt, warehouse facilities, or fund financings; (ii) purchase price on the settlement date for private non-traded debt; (iii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iv) total capital organized on the settlement date for syndicated debt; and (v) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2024, Apollo had approximately USD $733 billion of assets under management. To learn more, please visit www.apollo.com.

About Standard Chartered

We are a leading international banking group, with a presence in 52 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

About Apterra

Apterra, an affiliate of Apollo Global Management, is a premier platform specializing in innovative financing solutions for infrastructure projects. Our tailored capital services empower clients, including financial sponsors and developers, to optimize assets and achieve sustainable growth. Fuelled by strong relationships, our distribution network ensures seamless access to capital through partnerships with banks, investors, and asset managers. We are focused on driving growth and operational integrity in the infrastructure sector, while creating enduring value for our clients. Visit www.Apterra.com to learn more.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Standard Chartered Contacts

Piers Townsend
Global Head of Communications, Corporate & Investment Banking
Standard Chartered
Piers.townsend@sc.com
+6590059067

Shaun Gamble
Director, Group Media Relations
Standard Chartered
Shaun.gamble@sc.com
+442078855934

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