Tag Archives: Cloud

EQT to invest in PropertyMe, a leading Australian cloud-based PropTech company

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PropertyMe

  • PropertyMe is a leading cloud-native PropTech platform, used by more than 6,000 real estate agencies managing approximately 1.9 million rental properties across Australia and New Zealand and collectively transacting almost $40 billion per year including $2.4 billion directly through its own MePay payments platform
  • The PropTech sector is undergoing rapid digitalisation as agencies migrate from legacy systems to modern cloud solutions and seek a single view of the customer
  • Brian Donn appointed CEO, as PropertyMe founders transition into non-executive Board roles
  • EQT, through its MMG fund, will support PropertyMe’s continued growth by investing in product innovation, talent and geographic expansion, while aiming to leverage EQT’s software and AI expertise to accelerate the Company’s development

SYDNEY – 4 December 2025 –  EQT is pleased to announce that the BPEA Mid-Market Growth Partnership (or “the MMG fund”) has agreed to invest in PropertyMe (the “Company”), a leading cloud-based PropTech company in Australia and New Zealand. The transaction will see EQT become the majority investor in PropertyMe, partnering with the Company’s founders who will retain a significant minority stake.

Founded in 2013 and headquartered in Sydney, PropertyMe offers an all-in-one, cloud-based platform that helps property managers and real estate agencies streamline their workflows, from trust accounting and compliance to maintenance tracking and tenant communications. PropertyMe’s platform is used by more than 6,000 agencies to manage approximately 1.9 million rental properties, making it the largest property management software provider in Australia and New Zealand by number of properties managed. Agencies collectively transact almost $40 billion through PropertyMe each year, including $2.4 billion directly through PropertyMe’s own MePay payments platform.

Property management software has become a key enabler in the real estate industry, with demand supported by the steady growth of rental housing. Agencies are increasingly modernizing their property management systems, replacing manual processes with cloud-based platforms that offer greater efficiency, scalability and remote accessibility. Against this backdrop, PropertyMe stands out with leading AI and Automation functionality, including AiMe, its integrated AI assistant, as well as MePay, its fully integrated payments platform, and its just launched next generation CRM, making it well-positioned to continue its strong growth trajectory as more agencies embrace digital transformation in their daily operations.

EQT will support the Company’s next phase of growth by leveraging its in-house digital expertise and network of industry advisors with the aim of strengthening PropertyMe’s innovation and product development. This will include introducing new features such as advanced automation, analytics, and integrated payment solutions, as well as exploring expansion into adjacent growth markets that may benefit from PropertyMe’s all-in-one platform.

Nicholas Macksey, Partner in the EQT Private Capital Asia advisory team and Head of the Mid-Market Growth strategy, said: “PropertyMe is a standout company in the PropTech space, and we have been consistently impressed by its innovative platform and strong market position. The Company’s mission-critical software has become vital for thousands of property managers, and it aligns perfectly with EQT’s thematic focus on supporting technology-driven solutions for essential industries. We see significant opportunities to help PropertyMe scale its platform, introduce new services, and expand into additional markets.”

Jacob Van der Wiel, Director in the EQT Private Capital Asia advisory team, added: “We’ve been fortunate to get to know the PropertyMe story and to see firsthand the founders’ deep commitment to PropertyMe’s customers. This focus has been key to establishing PropertyMe as a leading property management solution in Australia. We’re excited to partner with the founders and the wider team to accelerate growth and build on this strong foundation in the years ahead.”

As part of this transaction, PropertyMe’s founders will move into Board roles in early 2026, continuing to support the company as long-term shareholders and strategic advisors. PropertyMe is pleased to announce the appointment of Brian Donn as Chief Executive Officer, effective January 2026.

Brian is a highly accomplished technology executive with more than 25 years of experience leading high-growth software and services businesses across the EMEA and Asia Pacific regions. He most recently served as SVP & Managing Director of Dayforce Asia Pacific and Japan, where he led a 3,000-person organisation through a period of record growth for a global SaaS leader in human capital management and payroll. Brian brings deep expertise in SaaS go-to-market execution, customer experience, high-performing cultures and scaling global software operations.

Jason Tait, Founder of PropertyMe, said: “Our mission at PropertyMe has always been to modernise property management and empower real estate professionals with best-in-class software. We’re excited to embark on this next chapter with EQT as our partner. EQT brings deep experience in supporting high-growth technology companies globally, and their investment and expertise will help us fast-track product development and enter new markets. After 12 years leading the business and as we look to the next chapter, the founders felt this was the right moment to transition into Board and advisory roles while remaining deeply committed as long-term shareholders. We’re excited to welcome Brian as CEO, he brings significant experience in scaling SaaS businesses, and I’m confident he will lead PropertyMe into a new era of growth and innovation.”

Brian Donn, incoming PropertyMe CEO, added: “The founders have built a leading platform with a best-in-class product that is deeply valued by a diverse customer community. I see significant potential to build on this strong foundation & drive growth in both local and global markets. With EQT’s backing and the highly talented team at PropertyMe, we are ready to accelerate our innovation roadmap, further elevate the customer experience, and set a new benchmark for the PropTech industry. The opportunity ahead for the company is substantial, and I look forward to building a workplace that attracts, develops and retains exceptional talent.”

EQT’s investment in PropertyMe builds on its experience identifying and supporting the success of companies that lead within specific vertical market systems, including software that powers sectors such as real estate, corporate services and education. This approach reflects EQT’s ability to apply deep sector insights and proven value-creation strategies across adjacent industries, supporting businesses that deliver mission-critical technology solutions and drive the digital transformation of essential services.

This transaction marks EQT Private Capital Asia’s third platform software investment in Australia and the second Australian investment under the MMG fund. The transaction further reinforces EQT’s position as a leading technology buyout investor in Asia Pacific, having invested in the success of 10 companies since 2022, representing a combined enterprise value of over USD 7 billion. EQT’s MMG fund – whose strategy is a natural extension of EQT’s established large-cap buyout platform in Asia Pacific – has previously invested in companies such as Compass Education in Australia, HRBrain in Japan, and WSO2, which operates in global markets.

Corrs and Deloitte advised EQT, and Pier Capital, Jones Day and Alvarez & Marsal advised PropertyMe on the transaction.

Contact:
EQT Press Office, press@eqtpartners.com

 

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Caylent Acquires Trek10 to Create the Most Comprehensive Dedicated AWS Services Partner in the Industry

Gryphon Investors

Acquisition expands Caylent’s AWS expertise, extending capabilities into managed services to deliver end-to-end customer evolution

Caylent, an Amazon Web Services (AWS) Premier Tier Services Partner, announced it has acquired Trek10 Inc., also an AWS Premier Tier Services Partner, in a strategic move that expands Caylent’s portfolio into managed services and strengthens its ability to deliver end-to-end AWS services for customers. The acquisition is backed by Gryphon Investors, Caylent’s private equity firm, reinforcing the company’s growth strategy and commitment to AWS excellence. Lazard served as exclusive financial advisor to Trek10 in connection with the transaction.

“This combination establishes the most comprehensive dedicated AWS services partner in the industry,” said Lori Williams, CEO of Caylent. “By uniting Trek10’s proven CloudOps platform and managed services capabilities with Caylent’s agentic delivery model, we are delivering full-lifecycle AI-era services focused on enhancing customer outcomes. Organizations now have a single partner to guide their evolution on AWS with AI-powered speed, software-like scalability, and continuous optimization built in.”

Shared AWS Leadership and Capabilities

For the industry, this strategic combination brings together two AWS leaders to form a cloud expertise powerhouse, uniting deep strategy and engineering capabilities across migration and modernization, data and analytics, generative AI, and DevOps. The combined company delivers unparalleled AWS expertise, leveraging Caylent’s proven track record as a six-time AWS Partner of the Year award winner and Trek10’s specialized AWS IoT, Travel and Hospitality and Retail Competency credentials. This strategic alliance positions the combined entity to deliver exceptional value to clients while exploring expanded market opportunities, including potential growth into EMEA regions.

End-to-End Cloud Journey Capabilities

The combined company delivers consulting, engineering, and managed services to support customers across their entire AWS journey through:

  • Forward Deployed Strategy: Shorten time to value by partnering with customers at the intersection of business and technology to shape cloud-first strategies, operating models, and organizational change initiatives, tying execution to measurable business outcomes.
  • Agentified Migration and Modernization Services: Cut migration, data modernization and application rewrite timelines by applying AI automation, proven frameworks, and Caylent Accelerate™ IP, enabling customers to lower risk and downtime while delivering resilient, high-performing AWS environments.
  • Custom Product Innovation Services: Accelerate the delivery of new digital experiences and help customers remain competitive by building machine-learning platforms, serverless applications, and AI solutions through integrated product strategy, cloud architecture, and engineering expertise.
  • Managed Services: Maintain enterprise-scale security, availability, and reliability by managing customers’ AWS environments through Trek10’s CloudOps platform with 24/7 monitoring, 15-minute response times, and continuous optimization delivered by AWS experts.

“Joining forces with Caylent unlocks extraordinary opportunities for our customers,” said Shane Fimbel, CEO of Trek10. “Our teams share a commitment to AWS excellence and innovation. By combining Caylent’s agentified services with Trek10’s CloudOps expertise, we’re giving customers a single partner to enable and accelerate every stage of their AWS journey, from strategy and migration to operations and next-generation AI.”

About Caylent
As an AWS Premier Tier Services Partner, Caylent is shaping the future where AI transforms industries responsibly and with excellence. We help companies build the solutions they need to succeed in today’s market while enabling organizational evolution to thrive in a rapidly changing technology landscape. Our AI-enabled delivery methodology combined with our deep AWS experience turns our customers’ ideas into impact, faster.

Caylent’s achievements include being named AWS Migration Consulting Partner of the Year, GenAI Industry Solution Partner of the Year, and Industry Partner of the Year – Financial Services in 2024, Application Modernization Partner of the Year in 2023, AWS Innovation Partner of the Year in 2022, and AWS Rising Star Partner of the Year in 2021. Caylent’s services include migrations, modernization, custom software development and generative AI. Learn more at https://caylent.com/

About Trek10
Founded in 2013, Trek10 focuses on helping organizations migrate to and maximize the benefits of AWS services. They put their effort into designing, building, and supporting AWS workloads with the right team of certified AWS experts to help—regardless of the customer’s situation. From thought-leading content to a deep collaboration with AWS to build and sustain modern cloud ecosystems, clients trust Trek10’s expertise, passion, and commitment to cloud modernization efforts.

About Gryphon Investors
Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $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.

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GreenShift secures €2.35M in round by 4impact capital, The Footprint Firm and Rockstart

4Impact

GreenShift, an Amsterdam-based AI powered technology company revolutionizing sustainable cloud computing, has raised €2.35 million in a Convertible Loan Agreement (CLA) round. The investment was led by 4impact capital and The Footprint Firm with continued support from Rockstart.

The fresh capital will enable team growth and support GreenShift’s efforts to deepen enterprise partnerships, advancing its mission to become the operating system for sustainable cloud computing.

Tackling the urgent challenge of cloud emissions

The global cloud market is valued at over €900 billion and growing at a 21% CAGR. With cloud computing already generating more CO₂ emissions than the aviation industry, data centers are projected to account for up to 2.5 billion tons of CO₂ by 2030, nearly 40% of U.S. annual emissions. Today, cloud computing is estimated to account for roughly 2.5–3.7% of global greenhouse gas emissions. A significant share of this footprint is amplified by inefficiencies, such as idle provisioning, complex application deployment architectures that prevent easy cost and emissions attribution, and under-optimised application logic that reduce overall energy use effectiveness. This represents both a massive sustainability challenge and a strategic opportunity: without intervention, cloud and AI workloads will continue to drive unsustainable energy demand.

GreenShift’s solution: Full-stack visibility, real-time optimisation and carbon aware automation

Unlike existing solutions, many of which focus on infrastructure-level optimisation, GreenShift operates at the application layer, where most inefficiencies originate. GreenShift’s AI-powered platform reduces cloud application energy usage by up to 40%. By unifying cost, performance, and carbon into a single optimization engine, it enables organizations to lower emissions and significantly cut cloud costs while driving performance. Unlike traditional optimization initiatives that force a trade-off between cost and performance, GreenShift removes that compromise as well. The result is a step-change in cloud sustainability: lower costs, higher performance, and significantly reduced environmental impact.

Strategic investors supporting GreenShift’s growth

Omar Regoort and Leonid Borodaev, Co-CEOs of GreenShift, stated:

“Our vision is to lead the global shift to sustainable cloud computing. By building the operating system for sustainable cloud, we ensure digital growth is efficient, high-performing, and green by default. With 4impact, The Footprint Firm, and Rockstart as partners, we’re in a strong position to accelerate adoption and scale our impact globally.”

Ali Najafbagy, Founding Partner at 4impact capital, said:

“The rapid increase in cloud computing leads to vast inefficiencies, high energy consumption and high emissions. GreenShift tackles this head-on with a scalable, software-first solution that reduces energy use while enhancing performance. Omar, Leonid, and their team are uniquely positioned to build the global category leader in sustainable cloud computing, and we are proud to lead this round.”

Sofie Käll, CIO at The Footprint Firm, commented:

“We are excited to back GreenShift in addressing the critical and growing issue of costly, and emissions-heavy computing. Their solution delivers a powerful alignment of operational, economic and environmental value for Enterprises – exactly what’s needed to make sustainable technology truly scale. We’re betting on a future where AI serves, rather than strains, the planet, and we truly believe Omar and Leonid of Greenshift are the ones to help realize that vision”

Gem Kua, Investment Manager at Rockstart, added:

“Backing Omar and Leonid in GreenShift’s stealth phase was about more than investing in technology – it was about backing founders who could tackle the AI era’s compute and emissions challenge. Their early deployments have already demonstrated strong results across sustainability, cost, and performance metrics, and we’re proud to back them again as they are on track to lead the sustainable cloud computing category.”

The GreenShift investment benefits from support from the European Union under the InvestEU Fund.

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Sedai Raises $20 Million for the First Self-Driving Cloud

AVP

The platform reduces cloud costs and prevents system outages by taking action with patented AI technology.

Sedai, the self-driving cloud™, today announced a $20 million Series B round, led by AVP (Atlantic Vantage Point). The new funding, which also includes investments from Norwest, Sierra Ventures, and Uncorrelated Ventures, will fuel innovation across Sedai’s patented AI platform, so engineering leaders can safely and effortlessly manage the cloud.

Worldwide, the cloud will cost more than $700 billion this year, due to the rise of generative AI models that require vast computing power. A typical company now needs a small army of engineers to manage its cloud environment: an ever-growing array of complex microservices. Sedai uses its own AI to understand each unique environment. The platform then acts to prevent availability issues and eliminate wasted resources, through a patented process that Sedai’s co-founders invented.

“Every company needs a self-driving cloud,” said Suresh Mathew, CEO & Founder of Sedai. “Modern cloud environments are too complex to manage with simple automation, meaning that AI is the only safe solution for this problem. Fortune 500 companies that use Sedai save more than $5 million a year — plus over 22,000 hours of engineering time. This isn’t a future vision. It’s mission-critical technology, already in action.”

Sedai deeply integrates with all major cloud service providers, including AWS, Microsoft Azure, and Google Cloud Platform. Customers build trust with Sedai until they’re ready to let the AI platform take action across their cloud infrastructure, without human intervention. These “self-driving” actions include:

  • Self-scaling: Sedai replaces the risks and inaccuracies of traditional autoscaling with Smart Scaling. Powered by a patented deep reinforcement learning system, Sedai’s Smart Scaling continuously determines the exact resources each application needs, under varying traffic conditions. It predicts demand using live traffic, historical patterns, and application behavior. Sedai then scales vertically, horizontally, or both — precisely and safely — to prevent overprovisioning and improve performance.
  • Self-healing: Sedai detects critical production issues, such as degradation, failures, or outages. It then takes immediate, autonomous action to resolve them. In many cases, Sedai prevents incidents before they impact users, by spotting early signs of failure. While most tools provide alerts or suggestions, Sedai acts in real time to fix or prevent issues, avoiding disruptions.

“For our business to move fast, we need our cloud to operate at peak performance,” said Venkat Gopalan, Chief Technology Officer at Belcorp. “Sedai gives us that confidence. The AI manages and optimizes every application, every second of the day, so Belcorp’s cloud is always efficient and reliable. Sedai dramatically reduces our costs. But more importantly, it speeds up the pace that our engineering team can innovate.”

The core of Sedai’s platform is its proprietary Decision Engine, which orchestrates multiple AI agents each focused on a different goal. The agents use reinforcement learning to optimize based on cost, performance, and availability goals. Sedai also adapts to changes in a customer’s cloud environment, leveraging a combination of seasonality and causality modeling, anomaly detection, predictive analytics, and topology inference. The company holds a portfolio of U.S. patents that protect its ability to safely take action in the cloud.

“Sedai is a game-changing tool, both for our cloud strategy and for me personally,” said Matthew Duren, Vice President of Engineering at KnowBe4. “From a cost perspective, Sedai reduced our spend by up to 50% in production and by up to 87% in development, which meant it very quickly paid for itself. And from a personal perspective, Sedai helped me become a key strategic leader at KnowBe4. It frees up our team to focus on more valuable projects.”

Sedai will deliver a number of world-first capabilities in the months and years ahead. These innovations range from a self-driving operating system for SRE and DevOps teams, autonomous management of data platforms like Databricks and Snowflake, self-tuning for LLM-based applications, and GPU optimization for AI workloads. Across the board, Sedai will pioneer the next generation of cloud management.

The Series B financing will accelerate Sedai’s already rapid growth. The company increased revenue by 7X in 2024, headlined by deals with multiple Fortune 500 firms. For Sedai’s investors, the market opportunity is clear:

“As cloud adoption increases, companies are now struggling to improve the availability and performance of their infrastructure, while also reducing cost,” said Manish Agarwal, General Partner at AVP. “FinOps, as a category, has emerged to help companies get visibility into their cloud spend. However, we feel that visibility is only a small part of the solution. What enterprises really need is a way to optimize their cloud environment, in real time. Our view is that AI agents are uniquely positioned to address this need and enable autonomous cloud management. Sedai fits squarely into that thesis, and we are honored to be part of the company.”

“The rise of AI has led to both revolutionary new products and runaway cloud costs,” said Matthew Howard, General Partner at Norwest Venture Partners. “I see Sedai as a foundational tool in the enterprise stack, because it empowers engineers to build powerful AI systems, without wasting millions of dollars. There’s an enormous opportunity to make GPUs more efficient, and Sedai is in the perfect position to lead the charge. We’re thrilled to be part of its story.”

“Sedai doesn’t just save money, it rewrites the physics of how engineering teams operate,” said Tim Guleri, Managing Partner at Sierra Ventures. “It’s the first AI system we’ve seen that turns cloud infrastructure into a competitive advantage, not a cost center.”

“There was a time when we had to write every line of code by hand and install servers ourselves, just like cars used to have manual transmissions,” said Salil Deshpande, General Partner at Uncorrelated Ventures. “Those days are over. Today, AI can optimize cloud resources and fix performance issues, at all hours of the day. Driving stick isn’t the best way to get around anymore, and neither is manually managing your infrastructure. Sedai has shown that the future of the cloud is self-driving.”

About Sedai

Sedai is the world’s first self-driving cloud.™ Our platform uses patented AI to safely optimize your compute, storage, and data — freeing your engineers from routine work. Whatever your cloud looks like, Sedai learns how to drive it and fixes issues in seconds, before they waste money or cause outages. Today, we save millions of dollars for engineering leaders at Palo Alto Networks, Experian, and McGraw Hill. See for yourself: sedai.io

About AVP

AVP is an independent global investment platform dedicated to high-growth, tech (from deep-tech to tech-enabled) companies across Europe and North America, managing more than €2.5bn of assets across four investment strategies: venture, early growth, growth and fund of funds. Our multi-stage platform combines global research with local execution to drive investment. Since its establishment in 2016, AVP has invested in more than 60 technology companies and in more than 60 funds with the Fund of Funds investment strategy. Beyond providing equity capital, our expansion team works closely with founders, providing the expertise, connections and resources needed to unlock growth opportunities, and create lasting value through meaningful collaborations.

For more information, visit our new website: www.avpcap.com

Press Contact

Logan Goldberg
Sr. Director of Brand
press@sedai.io

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FSN Capital Confluence: Nordlo successfully completes SEK 3.6 billion refinancing

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Fsn Capital

Nordlo, a portfolio company of FSN Capital Confluence, has completed a full debt refinancing with Barings, Capital Four and DNB to continue its proven buy-and-build strategy and return capital to shareholders.

FSN Capital Confluence* is pleased to announce that its portfolio company Nordlo, a leading provider of cloud and managed services to SMBs in Sweden and Norway, has completed a full debt refinancing. The credit case attracted significant interest from leading direct lenders and banks. The debt package raised totals SEK 3.6 billion (equivalent to c. €315m), consisting of senior term debt and committed M&A facilities provided by Barings and Capital Four, as well as a super senior revolving credit facility provided by DNB. The funds will be used to repay existing debt, support Nordlo’s continued buy-and-build strategy as well as to return capital to Nordlo’s shareholders.

Nordlo was acquired by FSN Capital Confluence in July 2024, providing Nordlo with a solid capital base for further, and larger, M&A. The refinancing completes and adds to this arrangement with approximately SEK 1.5 billion of additional commitments available to finance future acquisitions.

Patrice Jabet, Partner at FSN Capital Partners (investment advisor to FSN Capital Confluence), comments: “We see great opportunity to further expand Nordlo in both existing and new geographies. We are pleased to welcome Barings and Capital Four as new lenders to Nordlo to support this journey, and to further extend the existing banking relationship with DNB.”

Michael Gentili, Head of Capital Markets at FSN Capital Partners (investment advisor to FSN Capital Confluence), comments: “This financing arrangement is a testament to Nordlo’s strong track record and provides ample room for Nordlo to execute its growth strategy, while at the same time returning significant capital to FSN Capital Confluence and other shareholders ahead of plan.”

White & Case (legal), EY (financial) and PWC (tax structuring) acted as advisors to Nordlo and its shareholders, including FSN Capital Confluence, in relation to the transaction. Roschier advised Barings and Capital Four as senior lenders, and Mannheimer Swartling advised DNB as super senior lender.

* FSN Capital Confluence GP Limited acting in its capacity as general partner for and on behalf of each of FSN Capital Confluence L.P. and FSN Capital Confluence Invest L.P. ​

 

About FSN Capital

Established in 1999, FSN Capital Partners is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds. FSN Capital Partners has a team of more than 100 professionals across Oslo, Stockholm, Copenhagen, and Munich. Our ethos, “We are decent people making a decent return in a decent way” defines our core values.

The FSN Capital Funds have more than €4 billion under management and make control investments in growth-oriented Northern European companies, to support further growth and to transform companies into more sustainable, competitive, international, and profitable entities. The FSN Capital Funds are committed to being responsible investors and having a positive environmental and social impact across its portfolio while achieving market-leading returns.

Learn more about FSN Capital on our website: www.fsncapital.com

 

About FSN Capital Confluence

FSN Capital Confluence is a €588 million continuation fund established in July 2024 to acquire two former FSN Capital V portfolio companies – Nordlo and Saferoad – with the aim of accelerating their organic growth and strategic M&A activities. The fund was significantly oversubscribed and attracted leading institutional investors, including endowments, pension funds and asset managers from around the world.

 

About Nordlo

Nordlo is a leading Nordic cloud and managed services provider, established through a proprietary three-way merger originally facilitated by FSN Capital V in 2018. Having successfully completed a total of fifteen subsequent add-ons, Nordlo was acquired by FSN Capital Confluence in July 2024. Nordlo is set to leverage its strong M&A pipeline to continue to expand its client base across Northern Europe. The company expects pro-forma revenues of approximately SEK 2.4 billion in 2024, of which c. 70% is contractually recurring.

Learn more about Nordlo Group here: www.nordlo.com

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Nasuni Announces Investment From Vista Equity Partners, KKR And TCV

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KKR

BOSTON, July 9, 2024 /PRNewswire/ — Nasuni, a leading enterprise data platform for modern hybrid cloud environments, today announced a strategic growth investment led by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Vista will be joined by TCV and KKR in the new investment, which values Nasuni at approximately $1.2 billion.

The investment will build on Nasuni’s strong momentum disrupting the legacy storage industry to further accelerate product innovation and commercial expansion in the global hybrid cloud market. Further terms of the transaction were not disclosed.

“At Nasuni, we care first and foremost about the success of our customers, partners, and employees,” said Paul Flanagan, CEO of Nasuni. “We are maniacal about our commitment to delivering quality in every aspect of our business and interaction with our customers. This investment and our strategic partnership with Vista, TCV, and KKR will allow us to build upon that commitment, scale with purpose and continue to innovate as we look to take Nasuni to the next level.”

Nasuni’s success to-date includes award winning technology, top decile customer retention rates, industry leading NPS scores, and a consistent 30% growth rate in a market that is rapidly expanding with the advent of hybrid cloud and AI. Nasuni’s data platform is used by over 850 companies spanning 70 countries, and is in use by some of the largest enterprises in the manufacturing, consumer goods, and energy industries.

“Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use-cases,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We are thrilled to partner with the Nasuni team as they work to help businesses optimize their expanding and complex data needs with solutions that are fast, secure, and highly cost-effective.”

BofA Securities served as the exclusive financial advisor and Goodwin Proctor LLP served as legal advisor to Nasuni. Kirkland & Ellis LLP served as legal counsel to Vista and TCV. KKR is making the investment through its Next Generation Technology III Fund.

About Nasuni
Nasuni is a scalable data platform for enterprises facing an explosion of unstructured data in an AI world.

The Nasuni File Data Platform delivers effortless scale in hybrid cloud environments, enables control at the network edge, and meets the modern enterprise expectation for insight- and AI-ready data. It simplifies file data management while increasing storage access and performance. Its best-in-class file recovery protects customers against a range of cyber threats and eliminates the need for specialized backup and disaster recovery – all while cutting the cost of infrastructure by up to 65%.

Organizations worldwide rely on Nasuni, spanning across the manufacturing, construction, energy, consumer goods, and public sectors. Nasuni’s corporate headquarters is in Boston, Massachusetts, and the company delivers services to over 70 countries. For more information, visit www.nasuni.com.

About Vista Equity Partners
Vista is a leading global investment firm with more than $100 billion in assets under management as of December 31, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

About TCV
For nearly thirty years, TCV has partnered with global, category-defining, technology companies as a leading growth equity investor. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested over $20 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. Select investments include Airbnb, AxiomSL, Built, CCC Intelligent Solutions, Celonis, Clio, Cradlepoint, ETQ, ExactTarget, Expedia, Facebook, Fandango, Genesys Software, GoDaddy, GoFundMe, HomeAway, Miro, Netflix, Nubank, OneSourceVirtual, Prodege, Qonto, Relex, Revolut, SilverPeak, Splunk, Sportradar, Spotify, Toast, Twillio, and Zillow. TCV has a global presence in Menlo Park, New York, London and Melbourne. For more information on TCV and its investments, visit tcv.com.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing worldclass people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contacts

Nasuni
Kristin Concannon
kconcannon@nasuni.com
617-416-2873

Vista Equity Partners
Brian W. Steel
media@vistaequitypartners.com
212-804-9170

TCV
marketing@tcv.com

KKR
Liidia Liuksila
media@kkr.com

SOURCE Nasuni

 

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Partners Group to sell Civica, a global provider of cloud software solutions for the public sector

Partners Group

Zug, Switzerland; 22 November 2023

  • Over 6,000 organizations use Civica’s solutions to deliver critical services
  • Civica has high customer retention rates and benefits from strong recurring revenues
  • Partners Group acquired Civica in 2017 and transformed it into a pure software business

Partners Group, a leading global private markets firm, acting on behalf of its clients, has agreed to sell Civica (or “the Company”), a global provider of cloud software solutions for the public sector, to Blackstone.

Headquartered in the UK, Civica provides cloud software solutions to over 6,000 organizations across seven countries that deliver critical services to citizens. Civica’s solutions are designed to help public bodies, including local councils, government departments, health and social care providers, and schools, operate more effectively through automating and streamlining services. The Company has a comprehensive product portfolio covering workflow and automation, risk and compliance, workforce management, financial management, and data analytics and insights. Given Civica’s role in supporting the delivery of critical services, the Company maintains high customer retention rates and benefits from strong recurring revenues. Civica is well-positioned to continue capitalizing on broad growth trends within the software market as organizations look to further digitize to provide better services and save money.

Partners Group acquired Civica in 2017 and has since transformed the Company into a pure software business, pivoting away from its previous services such as IT management. This has driven Civica’s strong growth, with EBITDA doubling since Partners Group’s investment. During Partners Group’s ownership, Civica has accelerated organic topline growth, developed a cloud offering, built out its offshore R&D operations, and executed 24 highly complementary add-on acquisitions. Together with the management team, Partners Group has also defined overarching functional priorities that will guide Civica’s next phase of growth.

Bilge Ogut, Partner, Head Private Equity Technology Industry Vertical, Partners Group, says: “We have been on a transformational journey with Civica, and we are very proud of where the business stands today. Our value creation plan centered around moving Civica in the direction of a pure software solutions business and embracing the shift to cloud, which is important for its client base. The Company will continue to benefit from being the trusted party for digital transformation for its clients, with whom it has deep relationships as a partner of choice. We believe Civica has strong foundations from which to further build on its success.”

Lee Perkins, Chief Executive Officer, Civica, comments: “At Civica, our aspiration is to be a ‘GovTech’ champion, providing software that supports the needs of citizens and those that serve them. In partnership with Partners Group, we have significantly transformed our offering and increased growth momentum across cloud, digital enablement, software innovation, and data analytics. We have also cemented our position as an innovation leader. We now have over two decades of growth to build on and look forward to the next phase of our journey.”

Charles Rees, Member of Management, Private Equity Technology Industry Vertical, Partners Group, adds: “The thematic trends that underpinned our original investment in Civica remain strong. Civica’s mission-critical and deeply specialized solutions, which are key in the public sector space where a high level of customer intimacy is required, continue to differentiate the Company from its competitors. Civica’s growing international presence should also provide future growth channels. We wish the management team all the best.”

Completion of the transaction is subject to customary regulatory approvals and closing is expected in Q2 2024. Partners Group was advised by Clifford Chance as legal counsel and Arma Partners as exclusive financial adviser.

Partners Group’s Private Equity business has USD 74 billion in assets under management.

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Apollo Infrastructure Funds Announce Structured Investment in Yondr Group

Apollo
Proceeds to Facilitate the Continued Buildout of Yondr’s Portfolio of Hyperscale Data Center Facilities in Europe and the Americas

NEW YORK and LONDON , June 12, 2023 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed infrastructure funds (the “Apollo Funds”) have agreed to provide a significant capital commitment to Yondr Group (“Yondr”) via a structured instrument as the first step in a broader partnership. Proceeds from the investment will be utilized to further Yondr’s growth ambitions in support of client demand for its differentiated service proposition as Apollo and Yondr partner to facilitate the continued buildout of Yondr’s portfolio of hyperscale data center facilities. In connection with the investment, Apollo Partners Trevor Mills and Andrew Kirby will join Yondr’s Board of Directors.

Yondr, wholly owned by Cathexis Group (“Cathexis”), is a recognized global leader in developing, owning, and operating build-to-suit hyperscale data centers, primarily in Europe and the Americas. The Company operates a single-tenant, build-to-suit data center strategy, benefitting from key strategic partnerships across the globe which support development and speed to market. Today, Yondr owns and operates a hyperscale data center in the Netherlands, with four additional sites in construction across Europe and the United States expected to come online between 2024 and 2025, all of which are fully contracted with large, investment-grade counterparties.

Yondr has advanced plans to continue scaling its portfolio of build-to-suit hyperscale data centers with the support of Apollo to meet the rapidly growing needs of its high-quality customer base, with a continued focus on speed to market, top-tier facility design and performance while leveraging the Company’s local expertise.

Paul Cossell, CEO at Yondr Group, said, “Apollo’s support of our global growth ambitions is truly exciting for us at Yondr. This allows us to create long-term sustainable value for clients, and to rapidly deploy cloud solutions, in line with the growing demands of our select, blue-chip client base.”

Apollo Partners Trevor Mills and Andrew Kirby said, “With increasing global demand for hyperscale data center capacity, we believe that nimble, proven build-to-suit players like Yondr are well positioned for sustainable growth. Yondr has rapidly developed a leading position in the global hyperscale sector since its inception in 2019, and we are pleased to support Paul, the management team and Cathexis as they scale to meet the growing demand of their customer base. We are looking forward to our role as Board members as part of a long-term, wide-ranging partnership to help support their continued success.”

Dylan Foo, Head of Global Infrastructure at Apollo, added, “We believe this transaction demonstrates our ability to navigate complexity amid continued economic uncertainty and structure an attractive, tailored investment which supports the needs of both Yondr and Apollo Funds. We look forward to supporting Yondr’s continued expansion while pursuing the high growth secular trend of global cloud adoption.”

Simpson Thacher & Barlett LP served as legal advisor to the Apollo Funds. White & Case LLP served as legal advisor to Yondr.

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 to private equity with a focus on three investing strategies: yield, hybrid, and 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 March 31, 2023, Apollo had approximately $598 billion of assets under management. To learn more, please visit www.apollo.com.

About Yondr Group
Yondr Group is a global developer, owner operator and service provider of data centers. The company specialises in delivering and operating dedicated infrastructure that is engineered for scale. As an organisation, our mission ‘Global capacity responsible delivery’ ensures that we achieve our vision of a tomorrow without constraints. For more information, visit www.yondrgroup.com

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

Yondr Contact

Louise Donkor
Marketing Communications Manager
Yondr Group
info@yondrgroup.com

 


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Source: Apollo Global Management, Inc.

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Gaw Capital Partners and A3 Capital Jointly Form a JV Platform with the Launch of the first Infinaxis Data Centre in Malaysia

Gaw Capital

Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) Welcome the JV Partnership to Enhance Digital Infrastructure in Malaysia

22 February 2023, Singapore/Kuala Lumpur — Real estate private equity firm Gaw Capital Partners announced today that the firm, has formed a JV platform jointly with A3 Capital to invest into greenfield and under-performing data centre assets across key markets in the Southeast Asia region. The collaboration is aimed to create a portfolio of Tier-3 certified data centre assets. This JV platform will also launch the Infinaxis Data Centre platform with a focus on developing Internet Data Centre (IDC) assets across the Southeast Asia region. The data centre assets under the JV platform will be managed by Infinaxis, staffed by an experienced data centre team originally under A3 Capital.  The JV platform’s first investment is located in Cyberjaya, Kuala Lumpur, Malaysia, with other pipeline opportunities in other neighboring countries like Indonesia and Singapore.

Cyberjaya is one of the largest IDC hubs in Malaysia, housing 67 per cent of the Multi-Tenant Data Centre market in Malaysia as of Q2 2021. Considered as the “Silicon Valley of Malaysia”, Cyberjaya, spanning around 29 square kilometers, is the nucleus of the Multimedia Super Corridor in Malaysia. Cyberjaya houses over 2,000 businesses, including SMEs, startups and multinational companies such as IBM, Fujitsu, Panasonic and Huawei, as well as seven universities, turning it into a regional and global ICT hub. Located in Cyberjaya, the seed investment consists of two greenfield sites with a combined plot area of 12,490 square meters. The JV platform will develop a 12 MW IT load IDC facility on one of the plots. The IT capacity will potentially be doubled in the future, with the second plot to be developed as an expansion site. The data centre assets under the JV platform will be operated by Infinaxis, which consists of seasoned industry experts with decades long track records in data centre, real estate and technology industries.

Kok Chye Ong the Managing Director and Head of IDC Platform, Asia (Ex-China) of Gaw Capital Partners said “Gaw Capital Partners is honored to work together with Infinaxis Data Centre Holdings as the platform operator. By forming this strong partnership, we will develop, acquire or reposition four to five data centres in different locations throughout Southeast Asia. The data centre demand in Malaysia is underpinned by strong internet traffic and high amount of data consumption. In recent years, the internet data growth in these areas have been further accelerated by the continued digital transformation of enterprises and 5G penetration. Also, several government initiatives over the last decade have made Malaysia an attractive market for data centres. However, the supply of quality data centres has not caught up with the technical demand from customers. We look forward to exploring more investment opportunities in this market.”

Zahri Mirza, Chief Executive Officer (CEO) for Infinaxis further added, “The outlook for data centre demand in Southeast Asia is indeed highly positive and our collaboration with Gaw Capital will allow us to fast track the delivery of services for our customers. Indeed, through our Gaw Capital partnership we have been able to gain support from MIDA and MDEC in processing the necessary regulatory approvals in a timely manner.”

The Malaysian Investment Development Authority (MIDA) and Malaysia Digital Economy Corporation (MDEC) welcome the JV partnership formed by Gaw Capital Partners and A3 Capital to launch the Infinaxis Data Centre platform, enhancing digital infrastructure in Malaysia. Data center facilities are now at the forefront of innovation and have been supporting the demand for mission-critical digital infrastructures and the cumulative growth of data. Not only do businesses rely on data centers for storage, but for disaster recovery and data management too.

Datuk Wira Arham Abdul Rahman, CEO of MIDA said “My sincere compliments to Gaw Capital Partners and A3 Capital for launching the Infinaxis Data Centre platform. Malaysia is the location of choice for industry leaders to site their best-in-class data centres. These combined efforts will definitely play a key role in enhancing our digital infrastructure.”

“The Government is committed to growing Malaysia as a data centre hub by developing infrastructure, facilitating innovation and strengthening frameworks guided by the MyDigital Blueprint and National Investment Policy (NIP). Anchored by the National Investment Aspirations (NIA), the NIP will outline practical strategies to prioritise nurturing innovative, high-impact, high-tech investments that create high value jobs,” added Datuk Wira Arham.

Ts. Mahadhir Aziz, CEO of MDEC, said, “As the nation’s lead digital economy agency, we are pleased to have facilitated this expansion in raising the overall infrastructure capacities in the data centre sector. This will be crucial as we seek to continue accelerating the growth of our digital economy, guided by the new national strategic initiative, Malaysia Digital (MD). MDEC will strive to form more effective collaborations and drive further facilitation on this front to ensure that the nation remains competitive and attractive to investments, towards establishing Malaysia as the digital hub of ASEAN.”

The JV platform is committed to incorporating ESG principles. Infinaxis plans to apply a staged implementation of more advanced sustainability features over time, considering the availability of options and unique circumstances at the respective sites. The data centres will be more efficient and sustainable, fundamentally making them more competitive which will increase the platform’s long-term value.

Gaw Capital Partners was named ‘Alternatives Investor of the Year: Asia’ at the PERE Awards 2021 after receiving the largest number of votes in a public ballot of the real estate industry. In recent years, IDC has been a focus sector for Gaw Capital Partners as the data centre industry is one of the cornerstones of the digital economy, which is growing rapidly with broad prospects. The firm was also highlighted for launching two data centre platforms in China and two in Pan-Asia. In September 2020, the firm closed fundraising for its first IDC platform, which invested in a portfolio of projects in partnership with IDC developers and operators in China, bringing the total equity raised to approximately USD1.3 billion with the aim to build “green, efficient, innovative and recyclable” data centre clusters.

The Asia region represents as one of the geographic frontiers in the data centre space with greater opportunities. The Gaw Capital data centre platform will also comprise data centres located in China, Indonesia, Japan, South Korea, Vietnam and now in Malaysia.

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Sentia Denmark Continues Independent Operations Following Divestment of Its Businesses in Belgium, Bulgaria and the Netherlands

Waterland

Today it was announced that Accenture intends to acquire Sentia’s businesses in Belgium, Bulgaria and the Netherlands. Sentia’s Danish business will not be part of the transaction and will continue as an independent business under the Sentia brand, supported by Waterland Private Equity as its main shareholder. Accenture’s acquisition is subject to customary closing conditions, including regulatory approvals.

Following the closing of the transaction, Sentia Denmark will be 100% Danish, focusing on a Danish delivery to Danish customers, which will further strengthen its strong market position. Sentia Denmark has always been run mostly independently from the rest of the group given its local heritage and leadership.

Jakob Høholdt, managing director of Sentia Denmark, said:

“Through our buy-and-build strategy in Denmark in the past years, Sentia Denmark has become a leading and well-integrated hybrid cloud services player, with strong public cloud capabilities. Our Digital Experience Monitoring capabilities underline our focus to make IT work for client’s end-users. We are one of the largest independent cloud services providers in Denmark with offices throughout the country and have always operated standalone from the rest of the group due to our regional and client intimate setup. With the continued support of our shareholders, we are excited about this next phase as a 100% Danish business in which we will continue to focus on being the best possible cloud services provider for our customers, employees and all other relevant stakeholders.”

The majority shareholders of Sentia Group, being Waterland Private Equity and Belgian entrepreneur Jonas Dhaenens, applaud all of Sentia’s operations, whose employees and leadership have proven their superior customer service levels and profile as a leader in cloud services. They will continue to support Sentia Denmark’s growth ambitions and look forward to working together with the management team in the years to come to further strengthen its leading market position.

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