CVC Catalyst to acquire majority stake in WillowWood from Blue Sea Capital, the Arbogast family and Management

CVC Capital Partners

CVC Catalyst III (“CVC Catalyst”) has agreed to acquire a majority stake in WillowWood Holdings Inc. (“WillowWood” or the “Company”). CVC Catalyst will become the majority investor alongside Blue Sea Capital (“Blue Sea”), the Arbogast family and Management, who are reinvesting substantially alongside CVC. Mahesh Mansukhani and Daniel Rubin (co-CEOs of WillowWood) will continue to lead the business and Ryan Arbogast, a fourth-generation member of the founding Arbogast family, will continue to play a key role in supporting the mission of the Company. Financial terms of the transaction were not disclosed.

WillowWood is one of the leading manufacturers of prosthetic products, including prosthetic liners, feet, knees, and other technologies, across the US and key European markets. Founded in 1907 in Mt. Sterling, Ohio by William E. Arbogast, a bilateral amputee who lost both legs in a railroad accident, WillowWood has spent more than 115 years committed to leveling the playing field for people experiencing limb loss through innovation and the pursuit of the best possible clinical outcomes. The Company pioneered the gel liner, a critical interface between a patient’s residual limb and their prosthesis, and remains the go-to liner brand for patients and prosthetists, offering approximately 1,000 SKUs alongside custom liner capabilities that solve the most challenging cases. This has been complemented by a fast-growing feet, knees and custom-fabrication portfolio to give amputees the mobility they are seeking.

“Since partnering with the Arbogast family in 2018, Daniel and I have been proud to build WillowWood into a leader in prosthetic products. This next chapter with CVC is about accelerating what we have built – bringing new products to patients faster and expanding internationally. We are grateful to Blue Sea Capital for their support and excited for what lies ahead,” said Mahesh Mansukhani, Chief Executive Officer of WillowWood.

Mansukhani and Rubin joined forces with the Arbogast family in 2018 and brought complementary commercial and operational expertise that allowed the Company to transform into a platform with a complete prosthetics products portfolio, upgraded commercial leadership, a broad R&D ecosystem and in-house manufacturing in Mt. Sterling, Ohio and Mesa, Arizona. With 18 new product launches since 2021, WillowWood partners with leading national academic institutions to deliver the highest quality and outcomes to its patients, and its innovation is regularly awarded by industry prizes such as the distinguished Thranhardt award which will recognize WillowWood’s research into protecting limb health at the upcoming 2026 AOPA National Assembly.

“WillowWood is a business of rare quality, built over more than a century into the leader in its field. Mahesh, Daniel, and the team have created a differentiated platform with a clear runway ahead, and we are delighted to be partnering with them, the Arbogast family, and Blue Sea Capital to support its next phase,” said Cathrin Petty, Managing Partner and Global Head of Healthcare at CVC.

Quotes

WillowWood is a business of rare quality, built over more than a century into the leader in its field

Cathrin PettyManaging Partner and Global Head of Healthcare at CVC

CVC Catalyst plans to accelerate WillowWood’s next phase of growth. The partnership will invest in research and development and new product innovation, and will pursue an active M&A strategy to broaden the Company’s offering and geographic reach. A particular priority will be expanding WillowWood’s international presence, including building a direct commercial footprint in Europe. WillowWood will benefit from CVC Healthcare’s global scale, international network, and MedTech expertise.

“The opportunity ahead in Europe is substantial, and CVC’s geographic footprint and sector expertise are well suited to helping WillowWood build a direct presence and scale internationally. It is businesses at this type of inflection point that we are looking to support with CVC Catalyst, and we look forward to working with the team as they bring new products to more patients in these markets,” said Phil Robinson, Partner at CVC.

“We at Blue Sea are both proud and humbled to have supported Mahesh, Daniel, and the Arbogast family in accelerating WillowWood’s growth, and we are even more energized by the opportunity ahead,” said Erin Lansky, Principal at Blue Sea Capital and member of the Board of Directors of WillowWood.

CVC Catalyst is CVC’s dedicated mid-market private equity strategy, seeking leading businesses with strong market positions and compelling long-term fundamentals. CVC has a long and successful track record of investing in MedTech and healthcare businesses, with a proven playbook – demonstrated through investments including Rayner, Spectrum, and Therakos – encompassing R&D acceleration, commercial build-out, international expansion, and targeted M&A. WillowWood is a natural fit for the Catalyst mandate, combining over a century of prosthetics innovation with a strongly aligned management team and significant runway for growth.

Closing of the transaction is subject to approval by the relevant regulatory authorities and is expected in the third quarter of 2026.

Categories: News

Tags:

Carlyle to Acquire Chung Ho Group in Korea

Carlyle

Seoul, South Korea – June 8, 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has signed a definitive agreement to acquire up to 100% of Chung Ho Group (“Chung Ho”), a leading Korean home and healthcare appliance (“HHA”) rental platform. Equity for the investment will come from investment funds affiliated with Carlyle Asia Partners (“CAP”), its Asia buyout platform.

This proprietary, succession-driven transaction is between Carlyle and the members of the Joung family, the company’s current shareholders. Terms of the transaction are not disclosed.

Founded in 1993 by the late Chairman Dr. H.D. Joung, Chung Ho has evolved from a water purifier manufacturer into a vertically integrated Korean HHA rental platform, with operations spanning finished-product rental, filter and component manufacturing, and in-house installation and after-sales services. The company serves a large, recurring customer base through a nationwide service network and has built a strong reputation for innovation in premium water purifiers, air purifiers, bidets, mattresses and other HHA products.

Carlyle believes Chung Ho is well-positioned to benefit from long-term consumer demand for health and wellness-related home appliances and the continued adoption of subscription-based products and services. Carlyle intends to support the company by investing further in its brand as well as product innovation capabilities to continue providing customers with reliable, high-quality services.

John Kim, Chairman of Carlyle Korea for CAP, said: “We believe Chung Ho is one of the leading Korean water purifier and home appliance companies, underpinned by strong brand equity and product capabilities. We are excited about the opportunity to partner with Chung Ho and to leverage Carlyle’s experience and global network to further strengthen the company’s market position and support its next phase of growth.”

Icksoo Jung, Head of Carlyle Korea for CAP, said: “This succession‑driven investment underscores Carlyle’s ability to provide solutions in complex ownership and succession transitions for founder‑led businesses in Korea. Carlyle has a deep understanding and strong expertise in navigating such transitions, which we believe will become increasingly important in the Korean market.”

Dr. Kyung Eun Lee, Chairwoman of Chung Ho Group, said: “For more than three decades, Chung Ho has focused on delivering reliable, high‑quality products and services to Korean consumers and has pioneered the premium water purifier and home appliance market. We believe this partnership with Carlyle will help the company build on Chairman H.D. Joung’s legacy, continue to innovate, and create greater value for Chung Ho’s customers and employees.”

The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals and closing conditions.

Carlyle is a leading global investment firm that has a long-standing presence in Korea, having invested more than US$4 billion in the market over the past two decades. Notable investments in Korea include ADT Caps, KB Financial Group, Kakao Mobility, A Twosome Place, Hyundai Glovis and KFC Korea.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Media Contacts

Carlyle
Lonna Leong
+852 9023 1157
lonna.leong@carlyle.com

The SIGNATURE
Jason Sohn
+82 10 9622 5915
jason.sohn@thesignature.co.kr

Categories: News

Tags:

CapMan Growth exits Silmäasema – Terveystalo acquires all shares in the company

Capman

CapMan Growth exits Silmäasema – Terveystalo acquires all shares in the company

CapMan Growth Equity II fund, together with the other owners of Silmäasema Oy, has signed an agreement to sell all shares in the company to Terveystalo Plc and its subsidiary, Terveystalo Healthcare Oy. The transaction strengthens the position of the combined Terveystalo and Silmäasema entity in the growing eye health market and enables the provision of even better services and care for customers.

Silmäasema is Finland’s leading vision and eye health company in both private eye health services and optical retail. CapMan Growth invested in Silmäasema through the Growth Equity II fund in 2023 as part of an approximately EUR 40 million investment round. In connection with the same transaction, CapMan Growth exited Coronaria Oy, which has served as Silmäasema’s largest shareholder and will become Terveystalo’s largest shareholder upon completion of the transaction. Antti Kummu, Managing Partner at CapMan Growth, has served as Chair of Silmäasema’s Board of Directors since 2019.

Silmäasema’s revenue has grown steadily and outpaced the market at an average annual rate of 16% during CapMan Growth’s ownership period in 2020–2025. The company’s revenue has more than doubled to EUR 267 million, while EBITDA (IFRS) has quadrupled to over EUR 55 million (2025). During this time, Silmäasema has also become the market leader in its sector in Finland. An important driver of Silmäasema’s strong growth and high profitability has been its unique integrated operating model, which covers the full range of eye health services.

“I am very grateful and proud that we have been part of Silmäasema’s impressive development over several years. I would like to warmly thank Teppo Lindén, Ulla Näpänkangas, Jari-Pekka Kelhä, as well as Silmäasema’s wider management team and all employees for their excellent work in driving the company’s growth and development. Silmäasema has played an important role in Finnish eye health, and the transaction with Terveystalo opens up new opportunities for the company and creates a strong foundation for future growth,” comments Antti Kummu.

Completion of the transaction is subject to approval by the Finnish Competition and Consumer Authority and a resolution by Terveystalo’s Extraordinary General Meeting authorising Terveystalo’s Board of Directors to issue the consideration shares.

The exit is CapMan Growth’s tenth to date and the second for the Growth Equity II fund.

For more information:

Antti Kummu, Managing Partner, CapMan Growth, +358 50 432 4486

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

About Silmäasema

Silmäasema is the largest eye health and optical retail operator in Finland. We see the whole picture, from meeting and treating our patients to Finnish eye health as a whole. Silmäasema’s more than 1,700 vision and eye health professionals treat close to one million customers every year. Silmäasema has 155 optical stores and ophthalmologist centres, 20 private eye hospitals and 5 units providing public eye health services across Finland. Silmäasema’s turnover in 2025 was 267 million euros. In Estonia, Silmäasema has 10 optical retail locations under the Eagle Vision brand.

Categories: News

Tags:

GBL completes its acquisition of a co-control stake in Rayner, a leading ophthalmic MedTech specialist, as part of the group’s mid-term strategy executio

No Comments
GBL

Groupe Bruxelles Lambert (“GBL”) has successfully completed the acquisition of a 45% co-control stake in Rayner (“Rayner”), a leading manufacturer of intraocular lenses and related products. GBL will invest €0.5bn of equity alongside incumbent shareholders CVC and the Rayner management team. Through this investment, announced on February 9, 2026, GBL will have co-control rights alongside CVC.

Rayner produces a full range of ophthalmic solutions (including lenses, surgical instruments, machines, eye drops), that help restore sight in patients undergoing cataract and refractive surgeries. Headquartered in the UK, Rayner markets its products through direct sales teams and distributors. The company has a global presence, with sales in over 80 countries across 6 continents, and direct sales teams in 16 countries.

This transaction aligns with GBL’s ambition (i) to invest in assets in which the group has control or co-control and (ii) to increase the share of direct private assets within its portfolio, as communicated at the group’s Mid-term Strategic Update in November 2024. This investment, the first of three1 announced this year, marks another in healthcare, which the group has identified as one of five priority sectors2. The healthcare sector, supported by favorable long-term demographic trends and growth perspectives, presents attractive investment opportunities. In addition, fragmentation across geographies and activities lends itself to ample value-creative M&A.

For additional information:

Xavier Likin Chief Financial Officer

Tel: +32 2 289 17 72 xlikin@gbl.com

For CVC: Nick Board Director, Communications

Tel: +44 20 7420 4200

nboard@cvc.com

For Rayner: marketingteam@rayner.com

About Rayner

Alison Donohoe Head of Investor Relations Tel: +32 2 289 17 64 adonohoe@gbl.com Since the implantation of the first Rayner intraocular lens by Sir Harold Ridley in 1949, Rayner has continuously pioneered intraocular lens (IOL) design with a goal to improve vision and restore sight worldwide. Today, Rayner continues to deliver innovative and clinically superior ophthalmic products that respond to the expectations of our global customers to improve the sight and quality of life of their patients. Headquartered in Worthing, UK, Rayner markets its IOL, OVD and dry eye portfolio, worldwide in over 80 countries. For more information: www.rayner.com

About CVC

CVC is a leading global private markets manager with a network of 29 office locations throughout EMEA, the Americas, and Asia, with approximately €209bn of assets under management. CVC has seven complementary strategies across private equity, secondaries, credit and infrastructure, for which CVC funds have secured commitments of over €257bn from some of the world’s leading pension funds and other institutional investors. Funds managed or advised by CVC’s private equity strategy are invested in approximately 150+ companies worldwide, which have combined annual sales of over €240bn and employ nearly 660,000 people. For further information about CVC please visit: www.cvc.com. Follow us on LinkedIn.

About Groupe Bruxelles Lambert

GBL is an established investment holding company, with over seventy years of stock exchange listing and a net asset value of €13.3bn at the end of March 2026. As a leading and active investor in Europe, GBL focuses on long-term value creation with the support of a stable family shareholder base. GBL is focused on delivering meaningful growth by providing attractive returns to its shareholders through a combination of growth in its net asset value per share, a sustainable dividend and share buybacks.

GBL is listed on Euronext Brussels (Ticker: GBLB BB; ISIN code: BE0003797140) and is included in the BEL20 index. Press release – May 28, 2026 // Page 2 / 2 // For

Categories: News

Tags:

CVC Credit continues support for Curium through its Capital Solutions strategy

CVC Capital Partners

CVC Credit is pleased to announce that it has extended its relationship with Curium, a leading provider of nuclear medicine, through the provision of debt facilities and equity to support the recent refinancing of the business. The transaction saw CVC Credit’s existing investments repaid and CVC Credit reinvest to continue to support Curium’s impressive ongoing growth story.

Headquartered in Paris, Curium specialises in the manufacturing and distribution of radiopharmaceutical products used globally in early detection of cancer, as well as heart, brain, lungs and bone diseases. The business is a global market leader and serves more than 6,000 long term customers in over 70 countries on six continents, delivering diagnostics to more than 14 million patients annually.

Having supported Curium since 2020, CVC Credit was able to use its longstanding relationship with the sponsor and business to lead this latest transaction. CVC Credit’s deep knowledge of the business was supplemented with additional knowledge provided by CVC Private Equity’s specialist Healthcare team, who know the space well. This additional insight enhanced CVC Credit’s ability to move swiftly and with conviction.

CVC Credit’s Capital Solutions strategy is uniquely positioned to provide bespoke capital solutions for large-cap, sponsor-backed European businesses. It focuses on primary junior capital or structured equity to support M&A, refinancings and/or liquidity events.

Miguel Toney, Partner in CVC Credit’s Private Credit team, said: “We are delighted to further extend our relationship with Curium and with Cap Vest which, in the six years since we first invested, continues to build out its leadership position in the growing nuclear medicine sector. Through its long-term customer relationships and experienced management team, Curium remains very well-placed to continue along its impressive growth trajectory.”

Quotes

Our Capital Solutions strategy, with the support of CVC’s integrated network, is very well-positioned to originate attractive investment opportunities in high quality businesses

Andrew DaviesHead of CVC Credit

Andrew Davies, Head of CVC Credit, added: “We find ourselves in an increasingly complex investment environment where our Capital Solutions strategy, with the support of CVC’s integrated network, is very well-positioned to originate attractive investment opportunities in high quality businesses, which require bespoke financing solutions to fund their ongoing strategic initiatives.”

CVC Credit Capital Solutions is very well placed to support sponsors’ and business requirements in an increasing complex market. Other businesses recently supported by CVC Credit Capital Solutions include: American Heart of PolandNovus Foods and SYNLAB AG.

Categories: News

Tags:

Apogee Therapeutics Announces $1.3 Billion Strategic Financing Collaboration with Blackstone Life Sciences to Advance Phase 3 Development and Commercialization of Zumilokibart

Blackstone

Up to $1.3 billion in flexible, non-dilutive capital, including up to $800 million of synthetic royalty and access of up to $500 million in senior corporate debt

Combined with company’s current total cash of $1.3 billion, this transaction positions Apogee to achieve a self-sustainable financial profile through commercialization of zumilokibart without need for future equity financing

Apogee to host webcast with the APEX Phase 2 Part B results today at 8:00 a.m. Eastern Time

San Francisco and Boston, May 27, 2026 — Apogee Therapeutics, Inc. (Nasdaq: APGE), a clinical-stage biotechnology company advancing optimized, novel biologics with the potential for best-in-class profiles in the largest inflammatory and immunology (I&I) markets, today announced that it has entered into a strategic financing collaboration with funds managed by Blackstone Life Sciences (“Blackstone”) for up to $1.3 billion in flexible, non-dilutive total capital to support the continued development and potential commercialization of zumilokibart.

“Our partnership with Blackstone Life Sciences represents a major milestone in the advancement of zumilokibart as the next meaningful first line therapy for moderate-to-severe atopic dermatitis,” said Michael Henderson, M.D., Chief Executive Officer of Apogee Therapeutics. “This collaboration provides non-dilutive flexible funding at an attractive cost of capital for the late-stage development of zumilokibart and establishes a path to commercialization and profitability for Apogee. As supported by our Apex Part B data announced today, we believe zumilokibart has the potential to be a transformative therapy for patients with differentiated efficacy and dosing in atopic dermatitis and other large I&I indications.”

“We are excited to support Apogee’s advancement of zumilokibart through Phase 3 development and potential commercialization,” said Dr. Nicholas Galakatos, Global Head of Blackstone Life Sciences. “Our collaboration with Apogee is a great example of our strategy to provide leading biotechnology companies with non-dilutive financing at scale and the resources and flexibility to further scientific innovation and invest in the advancement of their pipelines.”

Added Kiran Reddy, M.D., Senior Managing Director, Blackstone Life Sciences, “This is the largest royalty financing for a pre-Phase 3 program to date. It reflects our conviction that zumilokibart has the potential to become a highly differentiated, multi-indication product that will have a major impact on patients’ quality of life.”

Transaction Overview
The collaboration agreement provides for up to $1.3 billion in flexible, non-dilutive total capital, including up to $800 million of synthetic royalty and up to $500 million of senior debt available at the mutual consent of Apogee and Blackstone.

Synthetic royalty: Blackstone will provide up to $800 million of synthetic royalty funding in exchange for low-to-mid single digit tiered royalties for a term of 15 years on worldwide annual sales of zumilokibart. The royalties decrease based on sales with no royalties on global annual sales in excess of $8 billion.

  • The first $400 million in preapproval funding is divided into 3 tranches, including $100 million at signing, $100 million upon completion of zumilokibart Phase 3 enrollment, and $200 million upon positive Phase 3 data. Upon FDA approval of zumilokibart, up to $400 million in additional funding is available, $150 million of which is at Apogee’s option
  • The funding agreement includes specific provisions on a change of control, with the option to buy back a significant portion of the royalty.
  • Senior debt: Up to $500 million of senior corporate debt is available at mutual consent of Apogee and Blackstone

Additional details regarding the funding agreement can be found in the Current Report on Form 8-K filed by the company today with the U.S. Securities and Exchange Commission.

Cash runway update
As a result of entering into this funding agreement with Blackstone, the company is removing its cash runway end date guidance.

Webcast Details
Apogee Therapeutics will hold a live webcast to discuss the Blackstone transaction and the results of the APEX Phase 2 Part B trial today at 8:00 a.m. ET. The live webcast can be accessed via this link or the Investors section on the company’s website at https://investors.apogeetherapeutics.com/news-events/events. A replay of the webcast will be available following the call.

Advisors
Goldman Sachs served as exclusive financial advisor and Latham & Watkins LLP as legal counsel to Apogee Therapeutics. Ropes & Gray LLP served as legal counsel to Blackstone Life Sciences.

About Apogee
Apogee Therapeutics is a clinical-stage biotechnology company advancing novel biologics with potential for differentiated efficacy and dosing in the largest I&I markets, including for the treatment of AD, asthma, eosinophilic esophagitis (EoE), Chronic Obstructive Pulmonary Disease (COPD) and other I&I indications. Apogee’s antibody programs are designed to overcome limitations of existing therapies by targeting well-established mechanisms of action and incorporating advanced antibody engineering to optimize half-life and other properties. Zumilokibart, the company’s most advanced program, is being initially developed for the treatment of AD, which is the largest and one of the least penetrated I&I markets, as well as asthma and EoE. With four validated targets in its portfolio, Apogee is seeking to achieve best-in-class efficacy and dosing through monotherapies and combinations of its novel antibodies. Based on a broad pipeline and depth of expertise, the company believes it can deliver value and meaningful benefit to patients underserved by today’s standard of care. For more information, please visit https://apogeetherapeutics.com.

About Blackstone Life Sciences
Blackstone Life Sciences (BXLS) is a leading private investment platform with capabilities to invest across the life cycle of companies and products within the key life science sectors. By combining scale investments and hands-on operational leadership, BXLS helps bring to market promising new medicines and medical technologies that improve patients’ lives and currently has $17 billion in assets under management.

Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, statements regarding Apogee’s expectations regarding: Apogee’s plans for its current and future product candidates, programs, and clinical trials, including the Phase 3 development and potential commercialization of zumilokibart and expansion of zumilokibart into additional indications; the potential clinical benefit, dosing regimen, safety and efficacy profiles and treatment outcomes of zumilokibart, including its potential to be a best-in-class therapy, be the next meaningful first line therapy for AD, overcome limitations of existing therapies, and be the new standard of care in AD; the potential for Apogee product candidates and programs to overcome limitations of existing therapies; the potential of zumilokibart to become a differentiated, multi-indication product; its planned business strategies; the financial resources available to Apogee, including the availability of capital from the synthetic royalty and potential debt arrangement and whether Apogee achieves the milestones associated with certain payments thereunder and whether Apogee elects to receive optional funding under the arrangement, if available; its expectations regarding the time period over which Apogee’s capital resources will be sufficient to fund its anticipated operations, including its self-sustainable financial profile through commercialization of zumilokibart without the need for future equity financing; its potential profitability; and estimates of market size. Words such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “develop,” “plan” or the negative of these terms, and similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Apogee believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to Apogee on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties (including, without limitation, those set forth in Apogee’s filings with the U.S. Securities and Exchange Commission (the SEC)), many of which are beyond Apogee’s control and subject to change. Actual results could be materially different. Risks and uncertainties include: global macroeconomic conditions and related volatility, expectations regarding the initiation, progress, and expected results of Apogee’s preclinical studies, clinical trials and research and development programs; expectations regarding the timing, completion and outcome of Apogee’s clinical trials; the unpredictable relationship between preclinical study results and clinical study results; the applicability of clinical study results to actual outcomes; the timing or likelihood of regulatory filings and approvals; liquidity and capital resources; and other risks and uncertainties identified in Apogee’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 2, 2026, and subsequent disclosure documents Apogee may file with the SEC. Apogee claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements. Apogee expressly disclaims any obligation to update or alter any statements whether as a result of new information, future events or otherwise, except as required by law.

Apogee Investor Contact:
Noel Kurdi
VP, Investor Relations
Apogee Therapeutics, Inc.
Noel.Kurdi@apogeetherapeutics.com

Apogee Media Contact:
Dan Budwick
1AB Media
dan@1abmedia.com

Blackstone Life Sciences Media Contact:
David Vitek
(212) 583-5291
David.Vitek@Blackstone.com

Categories: News

Tags:

Stonepeak-led Consortium to Acquire Estia Health

Stonepeak

 

SYDNEY – 27 May 2026 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced it has entered into a definitive agreement to acquire a majority stake in Estia Health, one of Australia’s leading residential aged care operators, from Bain Capital. The transaction marks a second investment for Volarae Living, Stonepeak’s social infrastructure platform in Australia and New Zealand, following its February 2026 investment in Aura Holdings.

Headquartered in Sydney, Estia Health is the second largest residential aged care operator in Australia, operating more than 90 homes across New South Wales, Queensland, South Australia, and Victoria, and caring for approximately 9,000 residents. Since its founding in 2014, Estia Health has thoughtfully expanded its footprint while continuing to invest in its employees, residents, and their families as part of its commitment to person-centered care.

“Residential aged care is, and will continue to be, an essential service and important component of Australia’s overall healthcare system, especially against the backdrop of an aging population,” said Darren Keogh, Senior Managing Director at Stonepeak. “We are thrilled to support Estia Health, a high-quality provider, build on its positive momentum, and even better serve older Australians.”

“I welcome the commitment to continuity for our residents, families and teams, and to ongoing investment in the capability of our people and systems so we can continue delivering high-quality care,” said Sean Bilton, CEO of Estia Health. “We look forward to working with Stonepeak, whose complementary experience and long-term investment approach support our strategy and build on our strong foundations. It remains our privilege to care for older Australians and support residents and their families at an extremely important time in their lives — and that will not change with our ownership.”

Stonepeak’s consortium partner in the transaction is Axight Capital Limited (Axight). The minority stake in Estia Health represents Axight’s second investment in Australia, further deepening its focus in the Asia Pacific Region.

“Estia Health has established itself as one of Australia’s leading residential aged care operators, underpinned by a strong reputation for quality care, operational excellence, and a deep commitment to residents, families and employees. We are delighted to be partnering with Stonepeak, whose significant expertise and proven experience across aged care and retirement living will be highly valuable as we support Estia Health’s continued growth,” said Jerry He and Mujtaba Hussain, Co-Managing Partners at Axight.

The transaction is expected to close in late 2026, subject to customary regulatory approvals. Terms of the transaction were not disclosed.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately A$125 billion (US$88 billion) of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Media Contacts

For Stonepeak:
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Jack Gordon
jack.gordon@sodali.com
+61 478 060 362

 

Categories: News

Tags:

Bain Capital to Exit Estia Health

BainCapital

SYDNEY – May 26, 2026 – Bain Capital, a leading global private investing firm, today announced it has entered into an agreement to sell Australian aged care provider Estia Health to alternative investment firm Stonepeak. Financial details were not disclosed.

Bain Capital acquired Estia Health in December 2023. The company is one of Australia’s leading residential aged care providers, operating homes across New South Wales, Queensland, Victoria, and South Australia. It is driven by its purpose to enrich and celebrate life together, delivered through the provision of high-quality residential aged care services to older Australians.

During Bain Capital’s investment period, Estia Health has grown from 73 homes with approximately 6,720 residents to 93 homes and approximately 9,250 residents. More than 14,000 people are now employed across the business.
The firm’s investment in Estia Health has been led by Australian-based Partners Mike Murphy, Charles Lawson, and Grace Mollard.

“Bain Capital is proud of the partnership we have built with Estia Health and its outstanding management team. We are deeply appreciative of the trust that families place in the company to care for their loved ones. We wish the entire team every success as they continue their important work,” Murphy said.

“During our ownership, we have supported Estia Health to deliver high quality of care and have invested heavily to grow its footprint and expand access to care. The significant increase in both the number of homes and residents served reflects our conviction in the company’s mission and our commitment to making a genuine difference in the lives of older Australians and their families,” Lawson added.

“We are proud to leave Estia Health an even stronger and more resilient business than when we first partnered together. The company is exceptionally well positioned to continue to play a leadership role in a critical sector. We have great confidence in the team and in Estia Health’s ability to continue delivering for residents, families, and the communities it serves,” Mollard concluded.

The transaction is expected to complete in late 2026, subject to standard regulatory approvals.

Barrenjoey and Gresham acted as financial advisors to Bain Capital. Allens acted as legal advisors.

ENDS

About Bain Capital

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a collaborative culture that enables us to innovate, unlock opportunity, and deliver strong outcomes. Our global platform invests across Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. Across these focus areas, we bring deep sector expertise and broad capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $225 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X.

 

Communications Director, Asia

 Australia

 Stuart Carson

Categories: News

Tags:

Ennov Announces Strategic Growth Investment from Bregal Sagemount and Ardian

No Comments
Ardian

Ennov (the “Company”), a global provider of end-to-end regulatory, quality, and clinical software solutions for life sciences and healthcare companies, today announced a strategic growth investment led by Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, with participation from Ardian, a global private investment firm. The investment will support the Company’s continued expansion, with a focus on AI innovation, global go-to-market acceleration, and scaling its product offering.

Founded and headquartered in Paris, Ennov provides a unified compliance platform that serves as a centralized system of record for global life sciences organizations. The platform supports the management of content and data across key domains, including Regulatory, Quality, Commercial, Clinical, and Pharmacovigilance. Its integrated architecture and unified data model enable faster deployment, improved user adoption, consistent compliance, and AI-driven efficiency across global operations.

Developed over more than 25 years, Ennov’s software replaces fragmented point solutions and legacy infrastructure, enabling customers to manage complex regulatory requirements across global authorities such as the FDA and EMA within a single system. Today, the Company serves approximately 650 customers and over 500,000 users across 30 countries.

“We were looking for partners who understand the complexity of our customers’ environments and the opportunity ahead for integrated and AI-enabled software in life sciences. Sagemount and Ardian bring that perspective, and we look forward to continuing to build innovative solutions that support our customers’ most critical processes.” Olivier Pâris, Founder and CEO of Ennov

“Regulatory and quality workflows in life sciences are becoming increasingly complex, while the cost of managing them across disconnected systems continues to rise. Olivier and his team have spent more than two decades building a mission-critical solution that enables customers to not only manage but optimize their processes to achieve better business outcomes. We believe this opportunity is only accelerating with Ennov’s new AI products and we’re excited to support the Company in its next phase of growth.” Gene Yoon, Managing Partners at Sagemount

“Ennov represents exactly the kind of technology company we seek to support at Ardian Growth. We are excited to join forces with Bregal Sagemount, bringing together two leading US and European investment firms behind an exceptional management team. With its strong international footprint and rapidly expanding AI capabilities, Ennov is uniquely positioned to shape the future of regulatory, quality, and clinical software in life sciences worldwide.” Alexis Saada, Head of Growth at Ardian

With this growth investment, Gene Yoon, Curt Witte, and Harrison Brunelli from Sagemount and Alexis Saada from Ardian will be joining Ennov’s board of directors.

Ennov was advised by Veil Jourde. Sagemount was advised by Goodwin Procter LLP. Ardian was advised by Proskauer Rose LLP.

The transaction is expected to close in late Q2 2026, subject to regulatory approvals and customary closing conditions.

Ardian investment team: Alexis Saada, Olivier Roy, Alexandra Da Silva, Michelle Stitz

 

ABOUT ENNOV

Ennov provides a comprehensive software platform to manage the most demanding processes of life sciences organizations in a compliant and efficient way. With over 25 years of experience, Ennov’s cloud-based solutions cover Regulatory Affairs, Pharmacovigilance, Quality, Clinical, and Commercial. Dedicated to innovation and excellence, Ennov’s solutions are used by more than 650 companies and 500,000 users worldwide, helping them to bring their products to market faster while maintaining compliance with regulatory requirements. For more information, visit en.ennov.com or follow us on LinkedIn.

ABOUT BREGAL SAGEMOUNT

Bregal Sagemount is a leading growth-focused private capital firm with $11 billion of cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 90 companies in a variety of sectors, including software, data & information services, financial technology & services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York and Palo Alto. For more information, visit www.sagemount.com or follow us on LinkedIn.

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.
We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.
Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.
Ardian. Mastering change for lasting value.

Media contacts

Chief Sales and Marketing Officer at Ennov

Laure Bros

lbros@ennov.com 

Marketing & Communications Manager at Bregal Sagemount

Siqi Wu

siqi.wu@bregal.com 

ARDIAN

Categories: News

Tags:

Verdane partners with ETERNO to scale its AI-native operating system across Germany’s outpatient care

Verdane Capital

ETERNO, a Berlin-based healthcare technology company, has secured a significant investment from Verdane for the expansion of its AI-native platform for outpatient care. The investment underscores the increasing importance of modernising one of Europe’s most fragmented and under-digitalised sectors.

Across Europe, healthcare systems remain heavily constrained by administrative inefficiencies. Doctors spend up to one full day per week on documentation, billing and other non-clinical tasks which reduces the time available for patient care.

At the same time, artificial intelligence is fundamentally reshaping outpatient healthcare and exposing the structural limitations of legacy software systems built for documentation and billing. As physicians operate in increasingly complex, data-rich environments, the next generation of healthcare infrastructure must evolve into open, interoperable and AI-native platforms capable of automating workflows, supporting clinical decision-making and orchestrating care operations in real time across the entire outpatient ecosystem.

Yet the underlying technology stack in practices remains fundamentally outdated. In Germany alone, more than 170,000 outpatient physicians still rely on fragmented legacy systems, with an estimated 97% of practice management software running on premise rather than in the cloud. Across Europe, around 2 million doctors work in outpatient care yet digital infrastructure remains highly fragmented and outdated.

“We believe outpatient care is undergoing one of the largest infrastructure shifts in decades – moving from fragmented legacy software toward open, AI-native operating systems that will redefine how care is delivered,” said Maximilian Waldmann, Founder and CEO of ETERNO.

ETERNO offers its AI-native operating system for doctors, ETERNO Cloud. The system is an open, fully integrated, cloud-based platform that automates administrative workflows end-to-end, from patient access and clinical documentation to billing and analytics.

With a team of more than 150 employees, the partnership with Verdane will allow ETERNO to scale its platform and to expand technological leadership, accelerate commercial rollout and pursue selective strategic acquisitions.

With Verdane, ETERNO has partnered with one of Europe’s leading growth investors, known for its strong track record in building and scaling category-leading platforms. Verdane brings deep operational expertise and a data-driven approach to value creation, supporting high-growth companies through their next phase of expansion.

Dominik Schwarz, Partner at Verdane, said: “Eterno is exactly in the sweet spot of Verdane’s investment focus. The company addresses a structural inefficiency in one of Germany’s most important and undersupplied markets, and has developed a product that resonates strongly with physicians. The combination of zero churn, a rapidly growing enterprise pipeline and a market that is still at the very beginning of cloud adoption underpins our conviction in the opportunity ahead. We look forward to supporting Max, Fredo and their team as they build a leading practice management platform in Germany.”

Maximilian Waldmann, Founder and CEO of ETERNO added: “For decades, outpatient care has been dominated by fragmented and closed legacy systems that were never designed for artificial intelligence. At the same time, healthcare generates vast amounts of valuable data that remain trapped across disconnected systems – limiting patient outcomes. At ETERNO, we believe the future of healthcare will be built on open and sovereign AI-native platforms that can securely connect workflows, medical records, devices and third-party apps across the ecosystem. Our ambition is to become the foundational infrastructure layer for outpatient care – enabling providers and AI builders to operate within one of Europe’s most complex and highly regulated markets. With Verdane, we have found a strong partner who combines long-term thinking with deep experience in scaling category-defining technology platforms.”

About Verdane

Verdane is a specialist growth buyout investment firm that partners with tech-enabled and sustainable businesses that help to digitalise and decarbonise the European economy. The flexible mandates of Verdane funds allow it to invest as a majority or minority control investor, replacement or growth capital, in single companies or in portfolios of companies.

Verdane has raised €10 billion in capital and its funds have made more than 200 investments in fast-growing businesses since 2003. Verdane’s team of over 180 investment professionals and operating experts is based out of Berlin, Copenhagen, London, Helsinki, Munich, Oslo and Stockholm and combines deep sector expertise with long-standing local networks and presence in core European markets.

Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.

Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.

About ETERNO

ETERNO was founded in 2019 by Maximilian Waldmann and Frederic Haitz and is a German healthcare technology company headquartered in Berlin. The company builds an AI-native operating system for doctors and therapists – a fully integrated, cloud-based platform that manages the entire patient journey, from patient access and clinical documentation to billing and analytics. By embedding artificial intelligence and deep system integration, ETERNO enables healthcare providers to significantly reduce administrative workload and improve care delivery. Today, more than 2,000 doctors across Germany rely on ETERNO Cloud in their daily practice operations.

Further information: http://www.eterno.group

Categories: News

Tags: