Repurchases of shares by EQT AB during week 11, 2025

EQT AB Group

Between 12 March 2025 and 14 March 2025 EQT AB (LEI code 213800U7P9GOIRKCTB34) (“EQT”) has repurchased in total 345,000 own ordinary shares (ISIN: SE0012853455).

The repurchases form part of the repurchase program of a maximum of 4,931,018 own ordinary shares for a total maximum amount of SEK 2,500,000,000 that EQT announced on 11 March 2025. The repurchase program, which runs between 12 March 2025 and 16 May 2025, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052.

EQT ordinary shares have been repurchased as follows:

Date: Aggregated volume (number of shares): Weighted average share price per day (SEK): Aggregated transaction value (SEK):
12 March 2025 115,000 307.2624 35,335,176.00
13 March 2025 115,000 308.4788 35,475,062.00
14 March 2025 115,000 310.7410 35,735,215.00
Total accumulated over week 11 345,000 308.8274 106,545,453.00
Total accumulated during the repurchase program 345,000 308.8274 106,545,453.00

All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT.

Following the above acquisitions and as of 14 March 2025, the number of shares in EQT, including EQT’s holding of own shares is set out in the table below.

Ordinary shares Class C shares1 Total
Number of issued shares2 1,241,510,911 496,056 1,242,006,967
Number of shares owned by EQT AB3 60,269,191 60,269,191
Number of outstanding shares 1,181,241,720 496,056 1,181,737,776

1) Carry one tenth (1/10) of a vote

2) Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB

3) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings

A full breakdown of the transactions is attached to this announcement.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​269 billion in total assets under management (EUR ‌​​‌136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedInXYouTube and Instagram

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EQT AB resolves on repurchase of own ordinary shares

eqt

EQT Group Office

The Board of EQT AB (“EQT”) has resolved to repurchase a maximum of 4,931,018 own ordinary shares.

  • The resolution is made by virtue of the authorization granted by the Annual Shareholders’ Meeting held on 27 May 2024 to repurchase own shares.
  • A maximum of 4,931,018 ordinary shares (0.4% of EQT’s share capital) are to be repurchased, and the total maximum amount is SEK 2,500,000,000.
  • The repurchase corresponds to approximately SEK 1,464m based on the closing price for EQT’s share on Nasdaq Stockholm on 11 March 20251.
  • Repurchases may be made during the period 12 March – 16 May, 2025.
  • As previously communicated, EQT expects to execute share buyback programs twice a year to offset – over time – the dilution impact from shares delivered to EQT’s employees under its Share and Option incentive programs.
  • Together with the share buyback program completed in August 2024, the buyback corresponds to the maximum potential dilution for the 2024 Share and Option incentive programs.

Purpose and terms
The purpose of the repurchase program is to adjust EQT’s capital structure (by way of cancellation of shares). The repurchase program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”). The repurchase program will be managed by Skandinaviska Enskilda Banken AB (“SEB”) that, based on the trading order given by EQT to SEB, makes its trading decisions regarding timing of the acquisitions independently of EQT.

The repurchase program resolved by the Board is subject to the following terms:

  1. Repurchases may only be effected on Nasdaq Stockholm in accordance with Nasdaq Stockholm’s Rulebook for Issuers of Shares (the “Rulebook”) as well as in accordance with MAR and the Safe Harbour Regulation.
  2. Repurchases may be made on one or several occasions during the period 12 March – 16 May, 2025.
  3. Repurchases may only be effected at a price per share within the price interval applying on Nasdaq Stockholm from time to time, which refers to the interval between the highest buying price and the lowest selling price continuously disseminated by Nasdaq Stockholm, and in accordance with the restrictions relating to price in the Safe Harbour Regulation.
  4. Repurchases may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the Rulebook and in the Safe Harbour Regulation.
  5. A maximum of 4,931,018 own ordinary shares may be repurchased for a total maximum amount of SEK 2,500,000,000.
  1. Payment for the shares shall be made in cash.

The number of shares in EQT as of the date of this press release is set out in the table below.

Ordinary shares Class C shares2 Total
Number of issued shares3 1,241,510,911 496,056 1,242,006,967
Number of shares owned by EQT AB 59,924,191 59,924,191
Number of outstanding shares 1,181,586,720 496,056 1,182,082,776

1) SEK 296.8 / share.
2) Carry one tenth (1/10) of a vote. Includes 385,499 C shares reclassified to ordinary shares resolved by the Board on 11 March 2025, pending registration.
3) Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB.
4) EQT AB shares owned by EQT AB are not entitled to dividends and carry no votes at shareholders’ meetings.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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About EQT

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​269 billion in total assets under management (EUR ‌​​‌136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedInXYouTube and Instagram

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Hassana Investment Company and Warburg Pincus Sign MoU to Explore Investment Opportunities in Saudi Arabia

Warburg Pincus logo

Riyadh /New York 5 March 2025 –- Hassana Investment Company and Warburg Pincus, the pioneer of private equity global growth investing, have signed a Memorandum of Understanding (“MoU”) to strengthen the firms’ strategic partnership and collaborate on investment opportunities within the Kingdom of Saudi Arabia.

On the sidelines of a roundtable discussion that was held at the Ministry of Investment, in the presence of His Excellency the Assistant Minister, Eng. Ibrahim Almubarak, the MoU was signed by Mr. Ahmed W. Alqahtani, CIO of Regional Markets at Hassana, and Mr. Jeffrey Perlman, CEO, Warburg Pincus.

The partnership between Hassana and Warburg Pincus reinforces their mutual commitment to identifying and investing in high-growth sectors across different asset classes. Through this collaboration, both firms will leverage their respective expertise to explore and execute investment opportunities that contribute to the Kingdom’s long-term economic growth.

As one of the region’s most active institutional investors, Hassana is dedicated to creating long-term value and delivering the best outcomes across asset classes and geographies. Warburg Pincus, with its nearly 60-year track record of delivering consistent returns to investors, has remained focused on disciplined investing, diversification and investing in global, growth-oriented businesses. Both institutions will bring strategic insights and access to high-quality investment opportunities.

Commenting on the partnership, Hani Al-Jehani, Chief of Investment Officer – International Markets, Hassana Investment Company, stated: “Our relationship with Warburg Pincus in international markets is a decade long partnership and we look forward to extending the partnership to consider potential opportunities in the Kingdom of Saudi Arabia. Warburg Pincus has deep expertise in several domains that align with the economic goals of the Kingdom and is entrusted by LPs globally to manage their assets.”

He added: “At Hassana, we look forward to expanding our cooperation to explore potential investment opportunities in the Kingdom, as it is witnessing economic transformations that reflect the objectives of Saudi Vision 2030, contributing to creating an attractive investment environment for local and international investors.”

Jeffrey Perlman, Chief Executive Officer, Warburg Pincus, added: “We see incredible investing opportunities in the Middle East. This agreement reflects our shared commitment to support growth in the Kingdom of Saudi Arabia. Partnering with Hassana deepens our relationships in the region and allows us to identify strong investment opportunities and management teams looking for their next chapter of growth.”

-Ends-

About Hassana Investment Company

Hassana Investment Company is the investment manager of the General Organization Social Insurance in Saudi Arabia. Hassana manages one of the largest pension funds in the world with over SAR1.2 trillion Saudi riyals (300 billion US dollars) of assets under management.

Hassana’s investment strategy focuses on long-term growth and uses a comprehensive approach to asset management, aiming to secure the future retirement pensions of Saudi generations.

To learn more, please visit: www.Hassana.com.sa

About Warburg Pincus
Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

For media inquiries, please contact:

Kerrie Cohen | Managing Director, Global Head of Communications & Marketing, Warburg Pincus

kerrie.cohen@warburgpincus.com

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CVC closes third generation Strategic Opportunities fund at €4.61 billion

CVC Capital Partners

Latest fundraising continues the platform’s successful track record, with CVC’s long-term private equity strategy having secured total commitments of over €13 billion across three vintages.

CVC is pleased to announce the final close of CVC Strategic Opportunities III with total commitments of €4.61 billion, matching the size of its predecessor fund, CVC Strategic Opportunities II, and significantly increasing the number of investors committed to the strategy.

CVC’s Strategic Opportunities platform invests in high-quality, stable businesses that present an attractive risk-return profile over a longer investment horizon relative to traditional private equity mandates. Focused on Europe and North America, CVC Strategic Opportunities typically invests for a longer period compared to the broader private equity industry’s average hold period. Through the platform’s long-term approach, CVC seeks to maximize value creation initiatives on behalf of its investors and portfolio companies. The team often partners with founding families or foundations seeking long-term capital and operational resources to take their business to the next stage of development.

Quotes

We are truly grateful to our investors for supporting this fundraise, which reinforces our conviction that there is significant demand for a successful, longer-term private equity strategy

Lorne SomervilleManaging Partner and Co-Head CVC Strategic Opportunities

Lorne Somerville, Managing Partner and Co-Head CVC Strategic Opportunities said: “We are truly grateful to our investors for supporting this fundraise, which reinforces our conviction that there is significant demand for a successful, longer-term private equity strategy. As we embark on investing our third vintage, adding to our strong, stable and performing portfolio, we believe we are well-positioned to continue delivering consistent and attractive returns for our Strategic Opportunities investors.”

Jan Reinier Voûte, Managing Partner and Co-Head CVC Strategic Opportunities, added: “Over our previous two vintages, we have built a strong track record through our long-term approach to value creation. Looking at our pipeline, we’re energised by the opportunities to partner with high-quality businesses  and drive enduring growth, leveraging our team’s robust operational resources.”

Since inception, the platform has committed over €7.5 billion to 18 businesses offering long-term strategic development opportunities across sectors and geographies. Examples of CVC Strategic Opportunities investments include: Asplundh, the market leader in vegetation management and other services to major utilities in North America, Australia and New Zealand; Sebia, a world-leading provider of diagnostic testing equipment; and most recently, Hempel, a leading international supplier of coating solutions.

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KKR Upsizes and Prices Offering of Mandatory Convertible Preferred Stock

KKR

NEW YORK–(BUSINESS WIRE)– KKR & Co. Inc. (“KKR”) (NYSE: KKR) today announced that it has priced its previously announced offering of $2.25 billion (45,000,000 shares) of its 6.25% Series D Mandatory Convertible Preferred Stock (the “mandatory convertible preferred stock”) at a price to the public and liquidation preference of $50.00 per share. The offering was upsized from the previously announced size of $1.50 billion (30,000,000 shares). The underwriters have a 30-day option to purchase up to an additional $337.50 million (6,750,000 shares) of mandatory convertible preferred stock, solely to cover over-allotments, if any. The offering is expected to close on March 7, 2025, subject to customary closing conditions.

The net proceeds from the mandatory convertible preferred stock offering will be approximately $2.20 billion (or approximately $2.53 billion if the underwriters exercise their option to purchase additional shares in full), after deducting underwriting discounts and estimated offering expenses. KKR intends to use the net proceeds from the offering for the acquisition of additional equity interests in core private equity portfolio companies reported in its Strategic Holdings segment and for other general corporate purposes.

Unless earlier converted at the option of the holders, each share of mandatory convertible preferred stock will automatically convert on March 1, 2028 (subject to postponement for certain market disruption events) into between 0.3312 and 0.4140 shares of KKR’s common stock, subject to certain customary anti-dilution adjustments. The number of shares of common stock issuable upon conversion will be determined based on the average volume-weighted average price per share of common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately preceding March 1, 2028.

Dividends on the mandatory convertible preferred stock will be payable on a cumulative basis when, as and if declared by KKR’s board of directors, at an annual rate of 6.25% on the liquidation preference of $50.00 per share. If declared, these dividends will be paid in cash, in shares of common stock or in a combination of cash and shares of common stock, at KKR’s election, subject to certain limitations, on March 1, June 1, September 1 and December 1 of each year, commencing on June 1, 2025, and ending on, and including, March 1, 2028.

Currently, there is no public market for the mandatory convertible preferred stock. KKR has applied to list the mandatory convertible preferred stock on the New York Stock Exchange under the symbol “KKR PR D.”

Morgan Stanley & Co. LLC, KKR Capital Markets LLC, Goldman Sachs & Co. LLC and UBS Securities LLC are acting as joint book-running managers for the offering.

The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission (the “SEC”). The offering is being made by means of a prospectus and related preliminary prospectus supplement only. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained by contacting the joint book-running managers: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email to prospectus@morganstanley.com; KKR Capital Markets LLC, by telephone at (212) 750-8300 or by email to ECMCapitalMarkets@kkr.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282; and UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the mandatory convertible preferred stock or any other securities, and shall not constitute an offer, solicitation or sale of the mandatory convertible preferred stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, pertaining to KKR. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. These forward-looking statements can be identified by the use of words such as “outlook,” “believe,” “think,” “expect,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate,” visibility,” “positioned,” “path to,” “conviction,” the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These forward-looking statements are based on KKR’s beliefs, assumptions and expectations, but these beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or within its control. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. We believe these factors include those in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should be read in conjunction with the other cautionary statements that are included in our periodic filings. Past performance is no guarantee of future results. All forward-looking statements speak only as of the date of this press release. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date of this press release except as required by law.

Investor Relations:
Craig Larson
Tel: +1 (877) 610-4910 (U.S.) / +1 (212) 230-9410
investor-relations@kkr.com

Media:
Kristi Huller, Miles Radcliffe-Trenner or Julia Kosygina
Tel: + 1 (212) 750-8300
media@kkr.com

Source: KKR & Co. Inc.

 

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Adelis Equity Partners Closes EUR 1.6 billion Fourth Fund

Adelis Equity

Adelis Equity Partners Fund IV has held a final close. The Fund will continue its predecessor funds’ focus on growth-oriented investments in the Nordic and DACH regions.

Adelis Equity Partners Fund IV (Adelis IV) held a final close on 28 February 2025, following a quick and successful fundraising. The Fund, which was significantly oversubscribed, raised EUR 1.5 billion from external investors, on top of which Adelis’ employees have committed to invest 7.7% (equivalent to EUR 116 million) for a total fund size of EUR 1.616 billion.

Investors in Adelis IV include leading pension funds, foundations and fund-of-funds from Europe and North America. Seventy-five per cent of the Fund’s external capital came from investors in Adelis Equity Partners Fund III, who collectively increased their investment amount by 30% compared to the Fund’s predecessor.

Adelis is a growth partner for well-positioned companies in the Nordic and DACH regions. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has consistently been one of the most active investors in the Nordic middle-market, making 45 platform investments and more than 260 add-on acquisitions.

Adelis Equity Partners Fund III raised EUR 932 million in 2021. Since its inception, the firm has raised EUR 4.25 billion of capital across four flagship funds and two continuation vehicles.

“We are grateful for the strong support from our existing investors and very pleased to have broadened our investor base with additional blue-chip institutions from Europe and North America” says Jan Åkesson at Adelis.

Adelis received legal advice from Akin Gump Strauss Hauer & Feld and Vinge in the fundraising process. Park Hill Group served as exclusive placement adviser.

For further information:

Jan Åkesson, Chairman and Co-Founder, + 46 8 525 200 01.

Adalbjörn Stefansson, Head of Investor Relations, +46 8 525 200 04.

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Platinum Equity’s 2024 Highlighted by $12.4B Fund VI Close, Ingram IPO, Deal Uptick

Platinum

In spite of a challenging climate for fund raising, Platinum Equity Capital Partners VI (“Fund VI”) closed in 2024 with $12.4 billion in capital commitments, exceeding its target.

The global M&A markets saw some signs of a rebound last year after a slow 2023. Platinum Equity reacted with a combination of discipline and creativity, completing 12 new platform acquisitions and 59 add-ons across multiple sectors. The firm’s credit team also had another active year.

Harvesting value was a top priority with 13 divestitures and several other monetization events.

Arguably the most visible news happened in October when Ingram Micro returned to public markets in an initial public offering. The day served as a reminder of the promise Platinum Equity recognized in Ingram Micro when the firm acquired the technology distributor in 2021.

Platinum Equity Chairman and CEO Tom Gores and the firm continued to make positive impact in the community. Gores’ $3 billion partnership with Henry Ford Health and his alma mater Michigan State University to transform a Detroit neighborhood received critical local approval.

Gores and Platinum Equity continued their support of the Jalen Rose Leadership Academy, helping raise money for the public charter school in Detroit and working as mentors to JRLA scholars. The firm’s portfolio companies awarded scholarships, raised millions of dollars for charities, and donated time to help those in need.

Although indications are pointing toward a continued M&A uptick in 2025, global activity remains below historical norms. Armed with access to capital and teams capable of pursuing transactions of any size anywhere in the world, the firm is confident in its ability to react to whatever this year has in store.

 

“Although we have grown, we’ve stayed true to our fundamentals. And ultimately, that’s what it’s all about, our ability to execute. The world has gone through up and downs, faced challenges, but Platinum Equity always adjusts.”

Tom Gores, Chairman and CEO, Platinum Equity

 “We’ve been in business for nearly 30 years, and we’ve grown, we’ve matured,” Platinum Equity Founder and CEO Tom Gores said. “We’ve gone through multiple economic cycles, a pandemic, other complicated times.

“Although we have grown, we’ve stayed true to our fundamentals. And ultimately, that’s what it’s all about, our ability to execute. The world has gone through up and downs, faced challenges, but Platinum Equity always adjusts.”

Here’s a look back at 2024:

Platinum Equity Fund VI Closes On $12.4 Billion in Capital Commitments

Fund VI, which closed in the first half of 2024, exceeded its $12 billion target and represents the firm’s largest capital raise to date, surpassing Platinum Equity Capital Partners V, which closed on $10 billion in 2020.

The offering generated high demand from a diverse range of institutional investors around the world and overcame stiff industrywide headwinds that sidelined some managers or forced them to downsize. Fund VI closed with nearly 400 limited partners from 37 countries, featuring a mix of new and long-time investors attracted to the firm’s specialized M&A&O® approach.

Platinum Equity-Backed Ingram Micro Begins Trading on NYSE

Executives from Ingram Micro rang the bell at the New York Stock Exchange (NYSE) in October to celebrate the global technology distributor’s return to public markets. Since Platinum Equity acquired the business in 2021, the firm has partnered with Ingram on a comprehensive operational improvement plan, accelerated its digital transformation initiatives, and used buy- and sell-side M&A to sharpen the company’s focus on its core business.

Platinum Equity Sells Minority Stake in Jostens, Recaps Balance Sheet

Platinum Equity sold a minority stake in Jostens to Koch Equity Development LLC in a $640 million recapitalization in November. Founded in 1897 and headquartered in Minneapolis, Jostens is a provider of custom class jewelry, graduation products and yearbooks serving the K-12 and college education markets.

Platinum Equity Closes Multiple Complex Carveouts

Platinum Equity completed the acquisition of a majority interest in Horizon Organic and Wallaby from Danone in April. Horizon Organic’s portfolio of organic dairy products includes milk, creamers and whiteners, yogurt, cheese and butter. Also, Platinum Equity closed its deal with Kohler Co. in May to establish Kohler Energy as a separate independent business and officially rebranded it Rehlko, a provider of resilient energy solutions. Platinum Equity is the majority shareholder in the new company and Kohler Co. remains an investment partner.

Platinum Equity Expands Portfolio of Food and Beverage Investments

In December, Platinum Equity acquired a majority stake in Polli, a producer of pasta sauces and vegetable preserves. In November, Platinum Equity and Butterfly, a private equity firm specializing in the food sector completed the acquisition of Rise Baking Company, a supplier of bakery products. Polli and Rise join Horizon Organic, rum bottler E&A Scheer, wine distributor Fantini Group, sweet biscuits maker Biscuit International and frozen seafood producer Iberconsa as portfolio companies in the food and beverage space.

Sunrise Medical Acquisition Highlight of Firm’s European Activity

Platinum Equity’s London team led the acquisition of wheelchair company, Sunrise Medical, which closed in September. The Germany-based company develops, designs, manufactures and distributes assistive mobility products and solutions such as manual and power wheelchairs. Sunrise Medical’s products are sold through a network of homecare medical product dealers or distributors in more than 130 countries. The E&A Scheer and Polli investments were led by the firm’s European Small Cap team.

Platinum Equity Active on Buy- and Sell-Side in Canada

In July, the firm signed a definitive agreement to acquire Héroux-Devtek, a Québec-based international manufacturer of aerospace and defense products and the world’s third largest landing gear manufacturer. The acquisition subsequently closed in February 2025. On the sell-side, Platinum Equity closed out 2024 year with an agreement to divest Toronto-based Livingston International to Purolator in a transaction that closed in February 2025. Platinum Equity said it will continue seeking opportunities to expand its portfolio of Canadian investments.

Platinum Equity Exits Yak Access, Hunterstown Power

Platinum Equity exited its investment in Yak Access in a $1.1 billion sale to strategic buyer United Rentals. Yak Access provides hardwood, softwood and composite mats for surface protection across both construction and maintenance. Platinum Equity also sold the Hunterstown power generation facility and related assets to a strategic buyer in July.

Platinum Equity Makes Foray Into India

In August, Platinum Equity closed its first deal in India with the acquisition of a majority stake in Inventia Healthcare. The Mumbai-based pharmaceuticals company’s main business is generic drugs. Inventia serves a variety of geographies, including the U.S., the U.K., and Latin America. Platinum Equity said it’s increasingly focused on India as the buyout market there continues to evolve, and more opportunities become available that fit the firm’s operations-intensive approach.

Platinum Equity Small Cap Team Makes Multiple Investments

In February, Platinum Equity’s Small Cap team invested in TAK Communications, a national provider of communications and broadband infrastructure services. TAK’s existing shareholder and management remained with the business to partner with Platinum Equity on the transaction. In July, the Small Cap team invested in a majority stake in Motors & Armatures, Inc. (MARS), a distributor of HVAC/R parts, supplies and equipment in the U.S. and Canada.

Platinum Equity Credit Strategy Delivers Lending, Financing, Credit Solutions

In June, Platinum Equity’s credit team provided a first-lien term loan to Westphal Technik, a vertically integrated manufacturer of injection molded plastic components that serves the healthcare and consumer packaged goods end markets. In October, the firm announced a new and upsized second-lien term loan for Railway Equipment Leasing and Maintenance Inc., and in December the credit team led acquisition financing for Branding Iron Holdings in connection with Kingswood Capital Management’s purchase of the company. Branding Iron provides branded and private label protein products.

Tom Gores-Backed New Center Development Receives Detroit OK

The Detroit City Council approved the $3 billion mixed-used development project to transform the New Center neighborhood.  Gores will build housing, greenspace, walkable areas and attract retail partners as part of the project, which is expected to begin in 2025.

Gores, Platinum Equity Continue Support for JRLA Scholars

Tom Gores and Platinum Equity continued their support for the Jalen Rose Leadership Academy, a public charter high school founded by former NBA player and media personality, Jalen Rose. In the summer, the Detroit Golf Club hosted the school’s 14th charity celebrity golf outing, which was sponsored by Gores and Platinum Equity.

Platinum Equity Portfolio Companies Continue Charitable Work

Among many charitable efforts, multiple portfolio companies rushed to help residents in the southeastern U.S. after Hurricanes Milton and Helene devastated communities. Diversey, a Solenis company, awarded 18 scholarships valued at $1,000 each for infection prevention professionals to attend the APIC 2024 Annual Conference and Exposition in June in San Antonio. In April, Club Car hosted its annual Club Car Championship tournament, which raised $450,000 for charities in Savannah, Ga. US LBM Foundation raised more than $2.75 million for a variety of charities from its eighth annual golf outing.

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Thoma Bravo Closes First European Fund at €1.8 Billion, Exceeding its Target

Thomabravo

Firm Sees Significant Opportunity to Back Next Generation of European Software Leaders

LONDON, United Kingdom—Thoma Bravo, a leading global software investment firm, today announced the completion of fundraising for its first European-focused fund, Thoma Bravo Europe Fund (“the Europe Fund”), totaling approximately €1.8 billion in capital commitments.

The Europe Fund seeks to make equity investments in innovative, middle-market software businesses across core European software markets with the goal of supporting founders, entrepreneurs and management teams in scaling their businesses into European industry leaders.

“Our first dedicated pool of capital for European software marks a significant milestone for our firm,” said Orlando Bravo, a Founder and Managing Partner at Thoma Bravo. “We see an enormous opportunity to back Europe’s technology innovators and help them scale, and we are grateful for the long-term support of our investors in realizing this ambition.”

“The closing of our first Europe Fund represents a significant opportunity to deepen our presence in the region,” said Irina Hemmers, a Partner at Thoma Bravo and head of its European office. “Europe is digitizing rapidly, and leading software companies are increasingly looking for dedicated support and investment to accelerate their growth strategies. As a highly specialized investor, we bring decades of operational expertise and best practice that we believe can help turn the top regional software businesses into European champions and global leaders.”

Thoma Bravo has been investing in Europe for fourteen years, having deployed over €14 billion of equity across 16 transactions in the region. Since the opening of its first international office in London in 2023, Thoma Bravo’s European team has made four investments across the Netherlands, Germany and Sweden, including the €400m take-private of EQS Group and growth investments in USUHypergene and LOGEX.

About Thoma Bravo

Thoma Bravo is one of the largest software-focused investors in the world, with over US$166 billion in assets under management as of September 30, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in more than 500 companies representing approximately US$265 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

Read the release on PR Newswire here.

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ContextLogic Announces Up to $150 Million Strategic Investment by BC Partners

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  • Strategic investment and capital commitment positions the Company to execute on its stated acquisition-led value maximization strategy; ContextLogic to have up to $300 million of investible cash
  • Ted Goldthorpe, Head of BC Partners Credit, expected to be named Chairman of the Board

ContextLogic Inc. (NASDAQ: LOGC), (“ContextLogic” or the “Company”) and BC Partners, an alternative investment manager with c.€40 billion in assets under management, today announced that a fund advised by BC Partners Advisors L.P. will purchase up to $150 million of convertible preferred units (the “Preferred Units”) of ContextLogic Holdings, LLC, a newly-formed Delaware limited liability company (“Holdings”) and a wholly-owned subsidiary of the Company.

The investment and commitment by BC Partners, which is being led by BC Partners’ credit arm, together with cash on hand, provides ContextLogic with access to up to $300mm of cash and $2.7bn of cumulative net operating losses. Together BC Partners and the Company will review, identify, and evaluate strategic opportunities for the benefit of ContextLogic and its stockholders. The partnership follows successful initiatives by management to create a streamlined administrative and financial structure to achieve the Company’s strategic goals of acquiring and/or building one or more operating businesses.

The Preferred Units will have an initial dividend rate of 4.00%, which will increase to 8.00% upon the closing of an acquisition. The preferred units will be convertible into common units on a one-for-one basis. A fund advised by BC Partners will invest $75 million at the initial closing, and Holdings may, at its option, issue an additional $75 million of convertible preferred units to BC Partners following the initial closing date to fund an acquisition. Following completion of the investment, ContextLogic will own 58.4% and a fund advised by BC Partners will own 41.6% of Holdings’ common units on a fully diluted basis, assuming full exercise of Holdings’ option to issue additional convertible preferred units.

Rishi Bajaj, Chief Executive Officer of ContextLogic, commented, “We are excited to work with BC Partners, drawing on their expertise and strategic acumen as we seek to create compelling value for shareholders. BC Partners’ track record of value creation across the platform is impressive, and we believe they are best-in-class partners to help maximize value for shareholders. The BC Partners team brings significant experience building businesses across industries, and their capital raising capabilities, global network and operational capabilities will position the Company to deliver on its value creation plan. We strongly believe this new investment will provide us with the capital and flexibility needed to complete an attractive acquisition that could serve as a platform for future acquisitions and enable ContextLogic to fully utilize its considerable assets.”

Ted Goldthorpe, Partner at BC Partners, Head of BC Partners Credit, and incoming Chairman of ContextLogic, said, “BC Partners is excited to take this first step in realizing the tremendous value embedded in ContextLogic. We look forward to working with Rishi and the ContextLogic team to capitalize on their strong balance sheet, featuring up to $300mm of available cash. We will bring to bear the full resources of BC Partners as ContextLogic evaluates a host of strategic opportunities to deliver value to stockholders.”

Board of Directors

Ted Goldthorpe and Mark Ward are expected to join the Board of ContextLogic, with Mr. Goldthorpe expected to serve as Chairman, upon closing.

Ted Goldthorpe is a Partner at BC Partners, where he leads BC Partners Credit, a platform that he co-founded in 2017. Previously, Ted was President at Apollo Investment Corporation, Chief Investment Officer of Apollo Investment Management, and Senior Portfolio Manager, U.S. Opportunistic Credit. At Apollo, he was also a member of the Senior Management Committee and oversaw its US Opportunistic Credit platform. Prior to this, Ted was a Managing Director of the Special Situations Group at Goldman Sachs and ran the Bank Loan and Distressed Investing Desk.

Mark Ward is a Principal on the Credit team at BC Partners, having first joined the team in 2020. Prior to that Mark worked in the Restructuring Group at Houlihan Lokey.

There is no agreement between ContextLogic and any potential target company, and we can provide no assurance that an acquisition will be completed.

Advisors Rothschild & Co acted as exclusive financial advisor to the Company. Schulte Roth & Zabel LLP acted as legal advisor to the Company and Holdings. BC Partners was advised by Proskauer Rose LLP and Ocean Lane Partners.

About ContextLogic ContextLogic Inc. is a publicly traded company that previously completed the sale of substantially all of its operating assets and liabilities in April 2024. ContextLogic is pursuing strategic alternatives to generate value for its shareholders. For more information about ContextLogic, please visit ir.contextlogicinc.com.

About BC Partners and BC Partners Credit BC Partners is a leading international investment firm in private equity, private debt, and real estate strategies. BC Partners Credit was launched in February 2017, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments. The platform leverages the broader firm’s deep industry and operating resources to provide flexible financing solutions to middle-market companies across Business Services, Industrials, Healthcare and other select sectors. For further information, visit www.bcpartners.com/credit-strategy.

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TDR Capital V acquires CorpAcq

Tdr Capital

London, 24 February 2025 – TDR Capital LLP, a leading UK-based, European private equity firm, has made a majority investment in CorpAcq Holdings Limited (“CorpAcq”), a business acquisition compounder based in Altrincham, UK.

As part of the transaction, Vintage Strategies at Goldman Sachs Alternatives, an investor in CorpAcq since 2021, will re-invest to become a minority shareholder alongside TDR.

Founded in 2006 by Simon Orange, CorpAcq specialises in investments in wellestablished, stable and cash generative SMEs in the UK, with a focus on industrial products and services. Its current portfolio consists of a diversified group of over 40 companies delivering strong organic growth.

CorpAcq’s model allows founders to maintain management control and keep their existing brand. Being a long term, strategic investment partner that offers operational support to the businesses it owns has helped CorpAcq grow adjusted EBITDA by 17% per annum over the last five years, reaching £697m of revenues and £119m of adjusted EBITDA in the financial year ended 2023.

Simon Orange and the existing CorpAcq management team will maintain a significant shareholding and continue to run the business. TDR is confident that CorpAcq’s resilient portfolio, proven origination platform and ambitious growth plans will deliver significant upside potential. Its investment in the business will primarily support future CorpAcq acquisitions.

Simon Orange, Founder and Chairman of CorpAcq, said: “We have found an investment partner in TDR that aligns with CorpAcq’s value creation strategy, shares our long-term view, and is fully supportive of the business as we embark on our next phase of growth.” Tom Mitchell, Managing Partner at TDR Capital, said: “In CorpAcq, we identified a highly successful compounder of UK SMEs that has significant further growth potential. With our investment, CorpAcq can continue to provide its owner-friendly business combination strategy, and we look forward to working with Simon and the rest of the CorpAcq team to realise this.”

Nachiketa Rao, Managing Director in Vintage Strategies at Goldman Sachs Alternatives, said: “We are excited to have partnered with CorpAcq as a Portfolio Finance provider to support the impressive growth of their platform. We look forward to this next chapter alongside TDR and management as an equity co-investor.” Barclays and Paul, Weiss, Rifkind, Wharton & Garrison LLP advised TDR. CorpAcq were advised by UBS Investment Bank and Reed Smith LLP. Vintage Strategies at Goldman Sachs Alternatives was advised by Ropes & Gray. –ENDS–

For further information, please contact: TDR Capital tdr@headlandconsultancy.com

About TDR Capital

TDR Capital LLP is a leading European private equity firm with over €15 billion of assets under management. Founded in 2002, TDR typically acquires majority stakes in strong, market-leading European companies with the potential for robust growth and resilience throughout economic cycles. The firm has managed five European mid-market buyout funds. The team of 61 professionals currently manages assets across four European mid-market buyout funds from its headquarters in London. To date, the firm has made 27 platform investments, and its portfolio companies employ over 270,000 people around the world. TDR takes a long-term approach to investment and, in addition to capital invested, also provides expert resource to help drive sustainable value creation and positive, transformational change within the businesses it owns.

For more information, visit tdrcapital.com.

About Vintage Strategies at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and openarchitecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has over $2.8 trillion in assets under supervision globally as of December 31, 2023. Established in 1998, Vintage Strategies at Goldman Sachs Alternatives is one of the largest secondaries investors in the world and has invested over $70 billion of capital since inception and has been a pioneer in the industry. The business provides liquidity, capital and partnering solutions to private market investors and managers worldwide across a range of private market strategies. For more information, visit am.gs.com/engb/advisors/solutions/alternatives

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