Succeeds Retiring CEO Mark Ties, who will Serve as Executive Chair of the Company’s Board

MINNEAPOLIS, MN, NOVEMBER 7, 2023 — Perforce Software (“Perforce” or “the Company”), a leader in DevOps at scale, announced today the appointment of technology veteran Jim Cassens as its new Chief Executive Officer, effective January 1, 2024. Mr. Cassens will succeed current CEO Mark Ties, who will retire from his position and serve as the Company’s Executive Chair of the Board. Perforce is backed by Francisco Partners and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).

Mr. Cassens brings over three decades of experience scaling software organizations through organic and acquisition-oriented growth, with an employee and customer-centric management approach. Prior to joining Perforce, he was the President of Fortra, a cybersecurity and automation software provider with over 2,800 employees and over 35,000 customers. During his career at Fortra, he also held the roles of EVP of M&A, where he helped grow Fortra’s portfolio of solutions through acquisitions, and Managing Director of International Business, where he was responsible for spearheading organic growth outside of the United States. Prior to Fortra, Mr. Cassens was the Director of Information Technology at Electrolux.

“I believe Jim is a great addition to the leadership team of Perforce,” said Evan Daar, Partner at Francisco Partners. “His experience in scaling a high growth organic and acquisition-oriented business in a dynamic market will be a benefit to the Company as it continues to execute on its growth strategy.”

“As CEO, I look forward to building upon Perforce’s track record and the foundation Mark has created,” said Mr. Cassens. “Perforce’s position today in the DevOps market, the culture and caliber of its team, and the depth of its customer relationships, give me confidence that the Company will continue to execute its long-term growth strategy. I am committed to furthering our mission to our customers while continuing to foster the core values that make Perforce such a great place to work for our global team.”

Mr. Ties has been with Perforce since 2016 and has served as CEO since 2018. Over his career at Perforce, he and his team have evolved Perforce from a $50 million, single product company with 200 employees, to what is now a multi-product, DevOps technology provider with over 1,500 employees serving 18,000 customers worldwide.

“I couldn’t be prouder of the team at Perforce and what we’ve been able to accomplish over the last eight years,” said Mr. Ties. “As the Company looked for its next leader, Jim’s record and growth-focused leadership style made him a great fit to partner with the team at Perforce, and I believe he’s the right person to take Perforce to the next level. He shares my commitment to our long-term growth, customers, and core values.”

“Mark’s unrelenting passion for the Perforce culture and his dedication to supporting employees, customers, and partners have been key in the Company’s success to date,” said Prashant Mehrotra, Partner at Clearlake. “We thank him for his efforts, and we look forward to partnering with Mark, Jim, and the Perforce management team as the Company continues to accelerate growth and capitalize on the market tailwinds driving demand for DevOps solutions across the software development and IT operations lifecycle.”

About Perforce

Perforce powers innovation at scale. Perforce DevOps solutions future-proof competitive advantage by driving quality, security, compliance, collaboration, and speed – across the technology lifecycle. We bring domain and vertical expertise to every customer, so nothing stands in the way of success. Our global footprint spans more than 80 countries and includes over 75% of the Fortune 100. Perforce is trusted by the world’s leading brands to deliver solutions to even the toughest challenges. Accelerate technology delivery, with no shortcuts. Get the Power of Perforce.

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About Clearlake Capital Group

Clearlake Capital Group, L.P. (“Clearlake”) is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com.

Media Contacts

PERFORCE U.S.

Grace Bonacum
PAN Communications
Ph: +1 617 502 4300
perforce@pancomm.com

PERFORCE UK/EMEA

Maxine Ambrose
Ambrose Communications
Ph: +44 118 328 0180
perforcepr@ambrosecomms.com

Jörn Nikolay to transition to Advisory Director

Munich – November 6, 2023 – General Atlantic, a leading global investor, today announced strategic leadership changes in the German-speaking DACH region. The firm has appointed Sascha Günther as Managing Director and Head of DACH, effective January 1, 2024. Mr. Günther will be based out of the firm’s Munich office. Jörn Nikolay, who joined General Atlantic in 2008 and has served as Head of DACH since 2012, will transition into an Advisory Director role at the end of the year.

Mr. Günther joins General Atlantic after more than five years at Oakley Capital. He played a pivotal role in the firm’s Munich office, where he most recently served as a Partner leading deal origination and execution and investment advisory in the German-speaking region, with a focus on the technology and consumer industries. Prior to joining Oakley Capital in 2018, Mr. Günther led M&A transactions at ProSiebenSat.1 and oversaw multiple investments in the technology, media, and consumer space. He has also worked at management consulting firm Oliver Wyman. He received a BSc in Electrical Engineering and Information Technology from the Technical University of Munich and an MBA from London Business School.

“The DACH region holds strategic significance within General Atlantic’s global investment portfolio. Since we began investing in the region in 1995, we have maintained our conviction in its unique entrepreneurial ecosystem and culture of innovation,” said Bill Ford, Chairman and CEO of General Atlantic. “We welcome Sascha and look forward to working closely together as we continue to grow our partnerships with leading companies across DACH. We also thank Jörn for his leadership during his tenure, and we will continue to draw on his perspectives in his new advisory role.”

Gabriel Caillaux, Co-President, Managing Director, and Head of Climate and EMEA at General Atlantic, continued, “We are immensely proud of the success we’ve achieved in the DACH region over nearly three decades. As we focus on capturing an ever-growing opportunity set in the market, we are confident Sascha’s local investment expertise will both support our existing management teams and enable us to build on our momentum.”

“There are many attractive opportunities to apply General Atlantic’s global resources and operational expertise across multiple sectors of the local economy. I am pleased to join the firm to contribute to its longstanding history of partnering with innovative businesses in DACH and globally,” Mr. Günther commented.

After a 16-year tenure at General Atlantic, including more than a decade as Managing Director and Head of DACH, Jörn Nikolay will transition into a new role as Advisory Director. In this capacity, Mr. Nikolay will remain actively involved with the firm, providing strategic counsel to DACH investment teams and portfolio companies.

“We are deeply grateful to Jörn for his invaluable contributions to our success in DACH and look forward to a seamless transition within our Munich office,” added Mr. Caillaux.

Key members of General Atlantic’s DACH team also include Vice Presidents Christian Osterland and Christopher Apfel, who play critical roles in leading regional investments and providing operational support to portfolio companies. General Atlantic’s DACH portfolio spans 12 leading companies in the Technology, Financial Services, Life Sciences, and Climate sectors. The firm has invested more than $14 billion across the broader EMEA region, making its first investment in Germany in 1995 and opening its Munich office in 2012.

About General Atlantic

General Atlantic is a leading global investor with more than four decades of experience providing capital and strategic support for over 500 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic has more than $77 billion in assets under management inclusive of all products as of September 30, 2023, and more than 220 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Miami, Mumbai, Munich, San Francisco, São Paulo, Shanghai, Singapore, Stamford and Tel Aviv. For more information on General Atlantic, please visit: www.generalatlantic.com.

Media Contacts

Emily Japlon
media@generalatlantic.com

Susanne Jahreiss
susanne@jahrreiss.com

The Board of Directors of Nordstjernan AB has appointed Johan Lilliehöök as the new CEO of Nordstjernan. Johan Lilliehöök, 41, is currently Managing Director, Investments at A.P. Moller Holding – a foundation-owned investment business and the parent company of A.P. Moller Group. Johan Lilliehöök has previously worked as Managing Director in Private Equity at asset manager Blackstone, based in London and Hong Kong. The current CEO Peter Hofvenstam will continue in his role until the new CEO takes office in the first quarter of 2024. Thereafter, Peter Hofvenstam will continue to work at Nordstjernan, serving as senior advisor.

“I am immensely proud of this vote of confidence by the Board, and am very much looking forward to meeting and getting to known all of the employees and companies in the Group. Nordstjernan commands a unique position with its illustrious history and greater purpose combined with its ownership structure that ensures long-term and flexible capital. I see many opportunities to continue the renewal of Nordstjernan, both as an investment organization and as an owner, as well as to develop Nordstjernan both in existing and in new environments,” says Johan Lilliehöök.

“I am delighted that we have been able to attract and bring in an investor like Johan Lilliehöök with his international experience. In recent years, Johan has worked with creating value and long-term ownership in a foundation-owned business, which means that he can see and leverage the strengths in this form of ownership. Together with our employees, he will build on, develop and renew Nordstjernan’s operations, with an unwavering focus on high-quality companies. The entire Board and I welcome Johan and we look forward to working together with him,” says Viveca Ax:son Johnson, Chairman of Nordstjernan.

Outgoing CEO Peter Hofvenstam will continue to work at and for Nordstjernan as senior advisor.

“I would like to thank Peter Hofvenstam who has worked at Nordstjernan for 25 years, and served as CEO since 2019. Peter has done a fantastic job at leading and developing our operations over these years which have included a pandemic and both geopolitical and macroeconomic turbulence. I am very grateful that Peter will continue to support Nordstjernan in working with our holdings,” says Viveca Ax:son Johnson.

Media contact:

Kajsa Andersson, Communications Manager, Nordstjernan, +46 76 148 82 84

About Nordstjernan:
Two foundations own Nordstjernan, of which the largest owner representing 85% of the capital is the Axel and Margaret Ax:son Johnson Foundation for Public Benefit that supports research and education. For more than 130 years, Nordstjernan has owned and developed hundreds of companies under the hallmarks of long-term perseverance, continuity and change. Thanks to our owner foundations, our capital is perpetual. Based on business as a positive force in society, we help develop Sweden. Today, Nordstjernan has investments in more than 20 companies that generate total sales of about SEK 130 billion and employ more than 50,000 people.

DIF Capital Partners (DIF) is pleased to announce that it has appointed Lorraine Becker as its new Head of ESG.

Lorraine joins DIF, having served as its interim Head of ESG for the last six months. Previously, she was a Principal Consultant for the world’s largest pure sustainability consulting firm, ERM (Environmental Resources Management) in Calgary, Canada.

At ERM, Lorraine served leading financial services clients, including private equity and pension funds, in developing and implementing best-in-class ESG policies. Lorraine’s previous career includes roles in environmental consulting and corporate sustainability for major businesses in the energy sector both North America and Europe.

DIF has an ongoing commitment to being a responsible investor, as a signatory to the United Nations Principles of Responsible Investment (UNPRI). In addition, DIF recognises the importance of the goal of Net Zero greenhouse gas emissions by 2050, or sooner, in line with global efforts on climate change as a result of the Paris Agreement. It is also a signatory to the Net Zero Asset Managers (NZAM) initiative.

Lorraine Becker comments: “Over the coming years, DIF will have an ongoing commitment to being a responsible investor. I’m thrilled to be part of that. It’s exciting to work for a business with a track record of embedding ESG into its business.”

Wim Blaasse, Managing Partner at DIF said: “We’re delighted to welcome Lorraine to DIF permanently. She has already made a major contribution to the business over the last six months. We look forward to her continuing to help drive DIF’s commitment to delivering a positive contribution to a sustainable future.”

About DIF Capital Partners

DIF Capital Partners is an infrastructure fund manager with ca. EUR 16 billion of assets under management. DIF was founded in 2005 and has a leading position in managing mid-market investments, primarily in Europe, North America and Australia.

DIF follows two strategies: its traditional DIF funds invest in lower-risk mid-sized infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as PPPs and concessions. The firm’s CIF funds invest in small to mid-sized companies that will thrive in the new economy. These companies are typically active in the digital infrastructure, energy transition and sustainable transportation sector.

With a team of over 225 professionals in 11 offices, DIF offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam, Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

For more information, please visit www.dif.eu or follow us on LinkedIn.

Contact DIF Capital Partners: press@dif.eu

DIF Capital Partners, the infrastructure equity fund manager with €16bn in AUM, has promoted both Kanan Joshi as well as Caine Bouwmeester from Managing Director to Partner.

Kanan joined DIF in 2021 and is based in New York. She is managing the New York office, is co-head for the firm in North America and Global Head of Digital Infrastructure. Caine joined DIF in 2020, is based in London and is Global Head of Renewable Energy.

Together they bring a wealth of experience in digital infrastructure and renewable energy investments.

Kanan is recognised within the infrastructure industry as an expert in telecoms, including data centres and fibre. Prior to joining DIF, she worked at private investment firms Upper Bay and Digital Bridge, where she was part of the teams leading data center investments. Prior experience also includes roles at JPMorgan and Deutsche Bank advising companies across North America, LATAM and Asia and execution of high-profile M&A and capital raising transactions. Kanan holds a bachelor’s degree in commerce from the University of Mumbai and an MBA from the University of Chicago.

Caine is a renewable energy specialist with more than 16 years’ experience and a track record of developing, acquiring and investing in green energy projects and companies around the world. Prior to DIF, Caine was at Macquarie Capital and the Green Investment Group where he originated and executed infrastructure and renewable energy investments globally, having worked in London, Johannesburg and Toronto. Caine holds a bachelor’s degree in business and financial mathematics from Wilfrid Laurier University and a Masters of Finance from INSEAD.

Wim Blaasse, Managing Partner at DIF said: “We are delighted to welcome Kanan and Caine as partners at DIF. They have contributed meaningfully to our growth, and we look forward to the further contributions Caine and Kanan will bring to both our firm and our portfolio in the years to come.”

About DIF Capital Partners

DIF Capital Partners is an infrastructure fund manager with ca. EUR 16 billion of assets under management. DIF was founded in 2005 and has a leading position in managing mid-market investments, primarily in Europe, North America and Australia.

DIF follows two strategies: its traditional DIF funds invest in lower-risk mid-sized infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as PPPs and concessions. The firm’s CIF funds invest in small to mid-sized companies that will thrive in the new economy. These companies are typically active in the digital infrastructure, energy transition and sustainable transportation sector.

With a team of over 225 professionals in 11 offices, DIF offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam, Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

For more information, please visit www.dif.eu or follow us on LinkedIn.

Contact DIF Capital Partners: press@dif.eu

Torqx Capital Partners (“Torqx”) is happy to announce that as of 9 October, Justus Hollander has joined the Torqx team as Investment Director.

Justus studied economics in Rotterdam and law in Leiden. After university he started at HAL Investments, where he worked in the investment team for over 7 years. He was involved in (potential) investments in various sectors, from chemicals to consumer goods and media to healthcare. In hist last years at HAL, he set up an investment entity that focuses on entrepreneurial growth companies that mitigate climate change and facilitate the energy transition.

Lennert Spek, Managing Partner at Torqx, comments: “Justus is a very experienced and passionate investment professional. We are delighted to welcome Justus to our team where he will be able to significantly contribute to Torqx’ mission to build better businesses. We are looking forward to be working together”

Brightlands Venture Partners (BVP), an impact venture capital firm based in the Netherlands, announced today the promotion of Luc Starmans, PhD, to Partner in the Health team. Luc previously served as senior investment manager on the team, where he mainly focused on medical devices, biomaterials and regenerative medicine.

“We are very pleased with Luc as a person and we value the sector expertise and rigor he brings to our mission to improve health for all.”, said Casper Bruens, Managing Partner of BVP.

Luc Starmans said, “It has been a tremendous pleasure to work with the BVP team as well as BVP portfolio companies in the past few years. I look forward to continuing to contribute to our mission to support start-up companies that will significantly improve health outcomes”.

Luc Starmans joined BVP in 2021 as an investment manager in the BVP Health team. Since then, Luc led the investments of BVP in Aliform and niostem (formerly Mane Biotech), as well as joined the supervisory boards of both Hy2Care as well as PL Bioscience.

Prior to joining BVP, Luc was Senior Manager within the Health Care and Life Sciences strategy consulting practice of KPMG. Luc is a biomedical engineer by training and holds both a PhD as well as a MSc degree in Biomedical Engineering from the Eindhoven University of Technology (TU/e). Luc performed his academic research at Philips (Eindhoven), Johns Hopkins School of Medicine (Baltimore) and TU/e.