NEW YORK & SINGAPORE – August 8, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the close of its previously announced USD 1.3 billion preferred equity investment in Princeton Digital Group (“PDG” or the “Company”).

The investment, which underscores Stonepeak’s confidence in PDG’s strategy, leadership, and execution, strengthens the Company’s position as a leading provider of hyperscale infrastructure in Asia Pacific. With Stonepeak’s partnership and the continued support of Warburg Pincus, Ontario Teachers’ Pension Plan, and Mubadala, PDG is poised to continue expanding across established and emerging markets in APAC through greenfield development and M&A.

PDG represents Stonepeak’s third data center investment in Asia Pacific and its ninth globally, following previous investments in Digital Edge, AGP Sustainable Real Assets, Cologix, CoreSite, Montera Infrastructure, Cirion, and others, and adds significant scale to Stonepeak’s APAC data center portfolio and pipeline, which today spans more than 2.5 GW of capacity in operations or development.

Barclays served as financial advisor and Sidley Austin LLP served as legal counsel to Stonepeak. Goldman Sachs and J.P. Morgan served as financial advisor and Latham & Watkins served as legal counsel to PDG.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $76.3 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 transport and logistics, digital infrastructure, energy and energy transition, 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.

About Princeton Digital Group
Princeton Digital Group (PDG) is a leading developer and operator of Internet infrastructure. Headquartered in Singapore with presence and operations in Singapore, Japan, India, Indonesia, China, and Malaysia, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia Pacific. For more information, visit www.princetondg.com or follow us on LinkedIn.

Contact

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

Princeton Digital Group
Selena Sheikh
Selena.sheikh@princetondg.com

Finn Partners for Princeton Digital Group
PDG.ASIA@finnpartners.com

Innovative, strategic partnership addresses escalating demand for AI and cloud workloads by delivering turnkey powered land and related energy generation solutions for data center development

MENLO PARK, Calif. & NEW YORK – Silver Lake, the global leader in technology investing, and Adam Fisher and Peter Rumbold, principals at Commonwealth Asset Management with deep expertise in real estate and infrastructure investing, today announced the launch of a digital infrastructure platform with $400 million of capital to assemble a global portfolio of strategically located powered land sites to address the key scarce input in meeting the escalating demand for data centers.

The company brings together Silver Lake’s extensive expertise in data center development and its deep relationships in the technology ecosystem with Messrs. Fisher and Rumbold’s proven track record across real estate and infrastructure, providing a comprehensive suite of solutions for cloud and artificial intelligence (“AI”) data center deployments. By integrating grid power and behind-the-meter generating solutions into scalable land sites, the platform’s approach ensures rapid energization and maximizes land site readiness, significantly enhancing strategic value for data center developers and technology companies.

The platform is currently operating in and targeting strategic, high-growth markets across the U.S., Canada and the U.K., where power access is becoming an increasingly scarce critical resource.

“This investment represents a long-term commitment to not only meeting the immediate needs of AI-driven data center growth but also positioning the company as a leader in the future of digital infrastructure and a one stop shop for rapidly growing developers and hyperscalers,” said Lee Wittlinger, Managing Director at Silver Lake. “Our innovative approach to land and power solutions, combined with strategic relationships with key energy partners, will enable us to meet the evolving demands of hyperscalers with a holistic, differentiated approach.”

“Data centers are a critical infrastructure in modern society and with the immense growth of AI and cloud computing, the ability to deploy large-scale data centers rapidly with secure, scalable power is crucial,” said Adam Fisher. “With our combined expertise at the cross section of real estate, infrastructure and technology, we’re excited to partner with Silver Lake to create a platform that is uniquely positioned to take advantage of this demand by providing turnkey land and power solutions in highly strategic global locations to transform the future of digital infrastructure.”

Global power demand from data centers is projected to increase 50% by 2027, with forecasts indicating a potential rise of up to 165% by the end of the decade, highlighting the growing need for efficient, scalable energy solutions¹. With a planned portfolio of over six gigawatts of power across multiple global markets, this new platform is well positioned to capitalize on the immense need for power being driven by hyperscalers.

About Silver Lake
Silver Lake is a global technology investment firm, with approximately $103 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 456,000 people globally.

About Adam Fisher
Adam is the Founder and Chief Investment Officer of Commonwealth Asset Management. Over the last 18 years, Adam has successfully built and led numerous investment management practices across both public and private markets. Prior to launching Commonwealth, Adam served as the Global Head of Macro and Real Estate for a New York-based Family Office and founded and served as the CIO of Commonwealth Opportunity Capital, a global macro hedge fund.

About Peter Rumbold
Peter Rumbold is the President of Commonwealth Asset Management and oversees all of the firm’s real estate investment activities. With over 20 years of experience, Peter has held real estate investment roles at several firms including a New York-based Family Office, Winter Properties LLC, Cerberus Real Estate Capital Management, LLC and Sterling American Property, Inc.

¹ Goldman Sachs. (2025, February 4). AI to drive 165% increase in data center power demand by 2030. https://www.goldmansachs.com/insights/articles/ai-to-drive-165-increase-in-data-center-power-demand-by-2030. Accessed 15 May 2025.

Marks the firm’s 24^th private equity transaction in Asia since 2024, continuing its work to identify great companies, build businesses, and deliver for investors
 
TOKYO – August 6, 2025 – Blackstone (NYSE:BX) announced today that private equity funds and vehicles managed by Blackstone (“Blackstone”) have announced its intention to make a tender offer for all of the interests in TechnoPro, Japan’s leading IT services provider. This offer, valued at nearly $3.5 billion (~JPY 507 billion), will be the firm’s largest investment to date in Japan across strategies.

TechnoPro is Japan’s leading IT services provider, delivering mission-critical solutions in IT development and product R&D across hardware and software primarily to Japan’s large corporations. It has more than 28,000 engineers and researchers and 2,500 clients in industries such as automotive, IT services, and semiconductor.

Atsuhiko Sakamoto, Head of Private Equity Japan, Blackstone, said: “This is a compelling opportunity that aligns with our strategy of investing in Japan’s future. We are investing in a high-quality IT services provider, which is bolstered by secular tailwinds in the digitization of the economy and artificial intelligence. TechnoPro attracts some of the best talent in the industry and provides mission-critical services that empower Japan’s blue-chip companies. We are excited to bring the full breadth of Blackstone’s scale, resources, and expertise in IT services and AI to help accelerate the company’s growth and its continued success.”

Takeshi Yagi, President, Representative Director and CEO at TechnoPro, said: “Over the past 30 years, TechnoPro has achieved steady growth by leveraging its strengths in sales capabilities, technical expertise, recruitment power, and talent development. As a result, the company has earned the trust of its clients and established itself as a leading player in Japan’s IT services. By collaborating with Blackstone – which boasts a strong track record in AI and digitalization and deep insights into global technology trends – we are confident that TechnoPro is poised to reach even greater heights of success.”

This is Blackstone’s seventh Private Equity investment in Japan, representing significant momentum for the firm and its commitment to the country. This will be the third deal this year for Blackstone Japan’s Private Equity business following the closing of I’rom Group Co., Ltd. and CIMIC Co., Ltd. and its third deal in Japan’s technology sector following the 2024 closings of Sony Payment Services Inc. and Infocom Corporation.

Blackstone has made substantial investments in the Asia Pacific region over the last 20 years and been a builder of businesses. Since 2024, it has executed 24 Private Equity investments and sales across the region, driving transformation for the companies it invests in and working to deliver value for investors.

Blackstone expects to commence the tender offer on August 7, 2025. Please refer to the announcement issued today, titled “Notice Concerning Commencement of Tender Offer for Shares, Etc. of TechnoPro Holdings, Inc. (Code: 6028) by BXJE II Holding KK” for details regarding the terms and conditions of the tender offer.

This press release has been prepared for the purpose of informing the public of the tender offer and has not been prepared for the purpose of soliciting an offer to sell, or making an offer to purchase, any securities. If shareholders wish to make an offer to sell their shares in the tender offer, they should first read the tender offer explanation statement for the tender offer and offer their shares for sale at their own discretion. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities, and neither this press release (or a part thereof) nor its distribution shall be interpreted to be the basis of any agreement in relation to the tender offer, and this press release may not be relied on at the time of entering into any such agreement.

Unless otherwise specified, all procedures relating to the tender offer are to be conducted entirely in Japanese. If all or a part of the documentation relating to the tender offer is prepared in the English language and there is any inconsistency between the English-language documentation and the Japanese-language documentation, the Japanese-language documentation will prevail.
 
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Media Contact
Mariko Sanchanta
Mariko.Sanchanta@Blackstone.com
080-8702-7386

Kekst CNC
Blackstone@Kekstcnc.com
090-3239-9348

Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital.

Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers’ capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and 40,000 suppliers.

“This is more than a transaction – it’s a launchpad,” said Manuj Nikhanj, CEO of Enverus. “Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution. Their global reach and deep expertise across energy, infrastructure, and data-rich industries will accelerate our momentum – helping us scale faster, build smarter, and deliver transformational outcomes for our customers. It is thanks to a strong partnership with H&F that Enverus is the company we are today. I am incredibly proud of what our team has built – especially our breakthrough work in power markets – and more excited than ever for what comes next.”

Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, said: “As the leading energy-dedicated SaaS platform, Enverus’ advanced analytics and technology solutions are critical for its customers as they navigate unprecedented AI-driven electricity demand growth and the broader energy transition. We believe Blackstone’s energy market expertise and network can further enhance the company’s growth trajectory, and look forward to partnering with Manuj and the Enverus team.”

“After four years of tremendous partnership, Enverus stands as the clear SaaS, data, and analytics leader empowering the energy market,” said Ben Farkas, Partner at Hellman & Friedman. “We set out with a mission to build on the company’s core strengths, accelerate innovation, and expand its reach across the energy value chain. Today they are pioneering GenAI-powered solutions, scaling into new markets, and enabling smarter and more efficient decisions for customers worldwide. The company’s growth and culture of innovation have set a new standard for the industry. It’s been a privilege to partner with Manuj Nikhanj, Jeff Hughes, and the full Enverus team. We are confident Enverus is exceptionally well-positioned to shape the future of global energy.”

“Supporting Enverus through this exciting period of innovation and growth has been a great journey,” said Eli Weiss, Managing Partner of Genstar Capital. “We’re proud of the team’s achievements and are confident they are well positioned for continued success.”

Enverus represents the latest in a number of recent transactions Blackstone has announced behind its high-conviction investment themes in electricity demand growth and the ongoing energy transition, such as TXNM Energy, Potomac Energy Center, Sediver, Westwood Professional Services, Trystar, and others. Blackstone’s core private equity strategy, Blackstone Energy Transition Partners, and Blackstone’s private equity strategy for individual investors are each expected to invest in Enverus as part of this transaction.

Terms of the transaction were not disclosed. The transaction is expected to close by the end of the year, subject to customary conditions. Citi and Morgan Stanley & Co. LLC acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Enverus and Hellman & Friedman. RBC Capital Markets served as financial advisor and Simpson Thacher & Bartlett LLP served as legal advisor to Blackstone.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Enverus
Enverus is the energy industry’s most trusted source for decision intelligence. With petabytes of proprietary data, deep domain expertise, and AI-native technology, Enverus empowers customers to invest smarter, operate more efficiently, and scale faster — across upstream, midstream, minerals, power, and renewables — all while navigating the most complex energy market in history. Learn more at www.enverus.com.

About Hellman & Friedman
Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. Since its founding in 1984, H&F has invested in over 100 companies and has over $115 billion in assets under management as of December 31, 2024. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 35 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $50 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries.

MEDIA CONTACTS: 

Blackstone
Matt Anderson
Matthew.Anderson@Blackstone.com
(518) 248-7310

Jennifer Heath
Jennifer.Heath@Blackstone.com
(347) 603-9256

Enverus
Jon Haubert
Jon.Haubert@enverus.com
(303) 396-5996

Hellman & Friedman
Dan Abernethy
Dan.Abernethy@fgsglobal.com
(646) 238-3902

NEW YORK, NY, AUGUST 6, 2025—Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital.

Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers’ capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and 40,000 suppliers.

“This is more than a transaction – it’s a launchpad,” said Manuj Nikhanj, CEO of Enverus. “Blackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution. Their global reach and deep expertise across energy, infrastructure, and data-rich industries will accelerate our momentum – helping us scale faster, build smarter, and deliver transformational outcomes for our customers. It is thanks to a strong partnership with H&F that Enverus is the company we are today. I am incredibly proud of what our team has built – especially our breakthrough work in power markets – and more excited than ever for what comes next.”

Eli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, said: “As the leading energy-dedicated SaaS platform, Enverus’ advanced analytics and technology solutions are critical for its customers as they navigate unprecedented AI-driven electricity demand growth and the broader energy transition. We believe Blackstone’s energy market expertise and network can further enhance the company’s growth trajectory, and look forward to partnering with Manuj and the Enverus team.”

“After four years of tremendous partnership, Enverus stands as the clear SaaS, data, and analytics leader empowering the energy market,” said Ben Farkas, Partner at Hellman & Friedman. “We set out with a mission to build on the company’s core strengths, accelerate innovation, and expand its reach across the energy value chain. Today they are pioneering GenAI-powered solutions, scaling into new markets, and enabling smarter and more efficient decisions for customers worldwide. The company’s growth and culture of innovation have set a new standard for the industry. It’s been a privilege to partner with Manuj Nikhanj, Jeff Hughes, and the full Enverus team. We are confident Enverus is exceptionally well-positioned to shape the future of global energy.”

“Supporting Enverus through this exciting period of innovation and growth has been a great journey,” said Eli Weiss, Managing Partner of Genstar Capital. “We’re proud of the team’s achievements and are confident they are well positioned for continued success.”

Enverus represents the latest in a number of recent transactions Blackstone has announced behind its high-conviction investment themes in electricity demand growth and the ongoing energy transition, such as TXNM Energy, Potomac Energy Center, Sediver, Westwood Professional Services, Trystar, and others. Blackstone’s core private equity strategy, Blackstone Energy Transition Partners, and Blackstone’s private equity strategy for individual investors are each expected to invest in Enverus as part of this transaction.

Terms of the transaction were not disclosed. The transaction is expected to close by the end of the year, subject to customary conditions. Citi and Morgan Stanley & Co. LLC acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Enverus and Hellman & Friedman. RBC Capital Markets served as financial advisor and Simpson Thacher & Bartlett LLP served as legal advisor to Blackstone.

About Blackstone

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Enverus

Enverus is the energy industry’s most trusted source for decision intelligence. With petabytes of proprietary data, deep domain expertise, and AI-native technology, Enverus empowers customers to invest smarter, operate more efficiently, and scale faster — across upstream, midstream, minerals, power, and renewables — all while navigating the most complex energy market in history. Learn more at www.enverus.com.

About Hellman & Friedman

Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. Since its founding in 1984, H&F has invested in over 100 companies and has over $115 billion in assets under management as of December 31, 2024. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

About Genstar Capital

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 35 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $50 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries.

Media Contacts

Blackstone
Matt Anderson
Matthew.Anderson@Blackstone.com
(518) 248-7310

Jennifer Heath
Jennifer.Heath@Blackstone.com
(347) 603-9256

Enverus
Jon Haubert
Jon.Haubert@enverus.com
(303) 396-5996

Hellman & Friedman
Dan Abernethy
Dan.Abernethy@fgsglobal.com
(646) 238-3902

Genstar Capital
FGS Global
GenstarCapital@fgsglobal.com

Menlo Park, CA and London, August 1, 2025 – Accel-KKR, a global software and technology-focused private equity firm, today announced that it has signed a definitive agreement to sell a majority equity interest in Smart Communications (“Smart”), the leading provider for cloud-based enterprise customer communications, to Cinven. Accel-KKR will retain a minority equity ownership position in Smart going forward. Other terms of the transaction were not disclosed.

Smart Communications’ Conversation Cloud™ platform is purpose-built for regulated enterprises – empowering them to deliver personalized, compliant conversations across every channel. More than 650 leading organizations worldwide, including Zurich Insurance, Priority Health, The Pacific Financial Group, and The Bancorp, rely on Smart Communications to simplify and automate complex processes, reduce risk, improve operational efficiency, and drive secure, frictionless digital-first experiences.

Accel-KKR first backed Smart Communications in 2016, following its spinoff from Thunderhead and launch as an independent company. Over the course of its nine-year partnership with Accel-KKR, Smart built a strong, seasoned leadership team and achieved more than 5x revenue growth, firmly establishing itself as a leader in the cloud CCM (Customer Communications Management) and IXM (Interaction Experience Management) markets. Over the period, Smart cemented its leadership position in North America and completed three acquisitions that expanded its business into new geographies, including Australia, DACH and the Nordics.

Tom Barnds, Co-Managing Partner at Accel-KKR, said, “We have been delighted to work with the outstanding Smart Communications management team as they established it as an independent company and brought innovation to the global CCM and IXM markets through accelerated investment in R&D, the launch of new products, and by entering into new geographic markets. While we will sell a majority interest in Smart to Cinven, we look forward to continuing to participate in the company’s growth through an ongoing minority equity ownership position.”

For Accel-KKR, the sale of its majority interest in Smart represents the firm’s fourth $1 billion-plus realization in Europe, building upon its successful exits from Kerridge Commercial Systems, JAGGAER, and Episerver.

“We strongly believe Cinven will be a great partner for the Smart Communications management team going forward given their track records with previous Accel-KKR investments JAGGAER and One.com,” said Maurice Hernandez, Managing Director at Accel-KKR who heads the firm’s London office.

Accel-KKR has completed nearly 90 investments and acquisitions of software companies in Europe since its inception, making the firm one of the most active private equity software investors in Europe. Other leading Accel-KKR software companies in Europe include NAVTOR, Reapit, Basware, Kantata and Symfonia.

“From day one, Accel-KKR has been an exceptional partner – supportive, strategic, and deeply invested in our success. Together we’ve built an industry-defining platform, enduring relationships with customers and partners, and an extraordinarily talented team of employees. With these achievements as our foundation, I’m thrilled that Accel-KKR will continue to be a part of our next chapter with Cinven,” said Leigh Segall, CEO of Smart Communications.

The transaction is subject to customary regulatory approvals and closing conditions.

About Smart Communications

Smart Communications is the trusted choice for regulated enterprises looking to modernize complex processes and connect with customers in the moments that matter most. Its Conversation Cloud™ platform powers frictionless, compliant, digital-first experiences through omnichannel communications, intelligent data capture, and secure digital archival. More than 650 enterprises worldwide – including Zurich Insurance, Priority Health, The Pacific Financial Group, and The Bancorp – rely on Smart Communications to reduce compliance risk, boost operational efficiency, lower costs, and fast-track digital transformation that fuels business growth and elevates the customer experience. With more than 30 pre-built connectors, Smart Communications’ cloud-native platform integrates effortlessly with the world’s most trusted enterprise systems including Salesforce, Guidewire, DuckCreek, OneSpan, and Pega, enabling more than 60 billion mission-critical customer conversations globally, and driving faster time to value.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with $23 billion in cumulative capital commitments.  The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth.  At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its partner companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network.  Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, secondaries, and credit alternatives.  Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions.  Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City.  For more, visit accel-kkr.com.

Accelo, a leading platform for professional services automation (PSA), announced today its acquisition of Forecast, a global provider of AI-powered project and resource management software. Balderton first invested in Forecast’s Series A in 2021.

By combining Accelo’s comprehensive quote-to-cash project management solutions with Forecast’s AI-driven capacity planning capabilities, customers will gain smarter workflow automation, advanced resource planning and actionable profitability insights.

The Forecast team will join Accelo to accelerate innovation across both platforms, with a shared vision to eliminate operational blind spots and empower teams to do their best work. Customers of both platforms can expect continued support and improvements, with future product enhancements driven by collaborative innovation and customer feedback.