Strategic Lease Partners Acquires $780 Million in Net Leased Properties in Q4 2021 for KKR


January 24, 2022

NEW YORK–(BUSINESS WIRE)– Strategic Lease Partners (“SLP”), a platform launched by global investment firm KKR to acquire a diversified portfolio of triple-net lease (NNN) real estate, closed six transactions in the fourth quarter of 2021 for a total of $780 million. SLP is working closely with KKR’s real estate, credit and capital markets teams to underwrite a wide range of mission-critical properties and deliver customized sale-leaseback solutions for a group of high quality corporate and sponsor-backed tenants. The platform is initially targeting to acquire more than $3 billion in assets, primarily capitalized through KKR’s credit and real estate funds.

“SLP has built great momentum in its first few months of operation,” said Peter Sundheim, Managing Director on KKR’s real estate team. “We are delighted with the exceptional quality and diversification of the assets SLP has acquired for our NNN portfolio.”

Michelle Hour, Director on KKR’s credit team added, “SLP’s ability to invest in deals of all sizes and to utilize its access to the KKR platform to deliver strong underwriting with speed and certainty is clearly resonating with sponsors and corporate tenants seeking to unlock the value of their real estate.”

The six transactions SLP closed last quarter followed the platform’s launch in August 2021 and consisted primarily of mission critical industrial assets, with a focus on sale-leasebacks (SLBs) for private equity-backed companies with durable business models. The transactions ranged in size from under $15 million for an individual property to over $500 million for a portfolio and included both domestic and cross-border portfolios. SLP’s acquisitions comprised 31 individual assets across nearly 5.4 million square feet with a weighted average lease term (WALT) of over 16 years, while over half of the portfolio holds LEED designation.

SLP’s Q4 2021 acquisitions include the following transactions:

  • A 20-property, multi-state manufacturing and distribution portfolio that is majority LEED certified and leased to a global beverage brand on a long-term basis
  • A four-building manufacturing portfolio across major Canadian and United States markets leased to a leading North American retail and food services company
  • An approximately 50,000-square foot, LEED Platinum office building in Connecticut leased to an international investment firm
  • A four-building manufacturing portfolio across New Jersey, Georgia and Wisconsin leased to a plastics company
  • An approximately 350,000-square foot distribution facility in Illinois leased to a health and nutrition brand
  • An approximately 125,000-square foot distribution facility in Tennessee leased to a major wholesale tire distributor

“Our first six purchases are a great representation of the breadth of SLP’s underwriting capabilities,” said Andrés Dallal, Partner at SLP. “Our platform, supported by the institutional expertise and resources of KKR’s team, makes us an ideal partner for companies in need of comprehensive, creative net lease solutions.”

“SLP has the expansive scope and ability to deliver business-empowering sale-leaseback solutions for a full array of asset types, from single-tenant deals to multi-property portfolios across regions,” added Joseph Mastrocola, Partner at SLP. “As we look to continue building on our momentum over the coming months, we are excited to close investments that deliver value in an appreciating and evolving commercial and industrial market.”

SLP is actively continuing to seek investments including SLB transactions, net-leased property and portfolio acquisitions and forward takeouts of built-to-suit developments. SLP evaluates all property types across the credit spectrum, with a focus on sub-investment grade tenants and transactions between $10 million and more than $1 billion across North America. The firm can be contacted directly at

About Strategic Lease Partners

Strategic Lease Partners (SLP) is a diversified triple-net lease (NNN) real estate investment platform, which engages the capabilities and resources of KKR’s real estate, credit and capital markets teams to acquire NNN properties and deliver sale-leaseback solutions to corporate tenants. Sponsored by global investment firm KKR, SLP provides tenants from a wide-range of industries with reliable ownership and long-term leasing for their mission-critical real estate. For more information, please visit

About KKR

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

Business Inquiries:

Miles Radcliffe-Trenner

Source: KKR

Categories: News


Carlyle Commits Over $100 Million in Battery Storage and Electric Vehicle Infrastructure Technologies to Accelerate the Energy Transition


New York, New York – Global investment firm Carlyle (NASDAQ: CG) today announced complementary growth investments by Carlyle-managed funds in community-scale clean energy developer NineDot Energy and electric vehicle (“EV”) charging and services company Fermata Energy, representing a more than $100 million commitment to technological disruptions advancing the energy transition.

The investments in NineDot and Fermata Energy bring total capital committed by funds managed by Carlyle’s infrastructure platform in the last 24 months to renewable and sustainable energy companies to more than $1.2 billion.

Founded in 2015, NineDot Energy is a New York City-based clean-tech developer that designs and deploys community-scale energy generation and battery storage projects. Carlyle’s investment will enable NineDot to develop, build, and operate over 1,600 megawatt hours (MWh) of clean energy systems by 2026 that strengthen local power grid infrastructure and provide clean, reliable, and resilient power to tens of thousands of New York households and businesses. As a top developer focused on the New York City market, NineDot aims to support New York State’s mission to achieve its goal of 100% clean energy by 2040, including a recently-doubled target of 6,000 MW of energy storage by 2030.

Founded in 2010, Fermata Energy is an electric vehicle (“EV”) charging and services company targeting the growing bi-directional EV charging market, working with leading automakers, including Ford and Nissan. Fermata Energy designs, supplies, and operates the technologies required to integrate EVs into the home, buildings, and electric grid. Fermata Energy’s “Vehicle-to-Everything” (“V2X”) platform incorporates a bi-directional charger and proprietary software with the EV and electricity user, allowing the vehicle to act as a dispatchable energy storage resource when the vehicle is not in use.

Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group, said, “There is a large and growing investment opportunity in building the renewable energy capacity required to power a lower-carbon grid.  Batteries and the greater penetration of electric vehicles within our transportation mix both play a vital role in transitioning to a cleaner, more reliable grid. We are proud of our new partnerships with NineDot and Fermata Energy, and look forward to leveraging Carlyle’s deep industry expertise, broad network, and late-stage development capabilities to support our partners in expanding into broader energy transition growth channels.”

NineDot and Fermata Energy have an existing partnership in place with Revel to deploy vehicle-to-grid (V2G) technology to supply energy back to the power grid during times of peak electricity demand.

David Arfin, CEO and Co-Founder of NineDot Energy said, “NineDot Energy thrives on developing innovative business models and projects that support a more resilient electric grid while simultaneously delivering economic savings and reducing carbon emissions. Carlyle’s investment will enable NineDot to further advance its leadership position in providing community clean energy solutions in New York and beyond.”

David Slutzky, Founder and CEO of Fermata Energy said, “To enable the transition to a clean energy economy, abundant energy storage must be deployed quickly and at scale. The investment from Carlyle allows Fermata Energy to make EVs more affordable, help fortify the electric grid, and create positive climate action.”

Strategic partnerships with NineDot and Fermata Energy further Carlyle’s growth in renewable and sustainable energy investing, which includes a focus on investments in renewable power generation, energy storage solutions, distributed energy, transportation electrification, and supply chain de-carbonization.

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 Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at Follow Carlyle on Twitter @OneCarlyle.

Media Contact:

Brittany Berliner
(212) 813-4839

Categories: News


Maritime technology company to secure new growth funding, the Finnish maritime technology company has raised EUR 1.5 million from Counterview Capital, Lifeline Ventures and Tesi to further develop the business.

Seaber is dedicated to reducing the environmental impact, inefficiencies and costs of bulk and break bulk shipping. Seaber’s cloud-based schedule planning, optimisation and communication solution helps charterers and shipowners to reduce emissions by improving asset utilisation.

“Seaber is set to modernize a traditional industry and bring new digital capabilities to maritime operators, driving significant environmental impact. As such it is a great fit with our Venture Bridge investment program. We are delighted to join a high-caliber investment syndicate supporting the company’s growth ambitions,” comments Juha Lehtola, Director of Tesi’s Venture Capital team.

Read more:

Press release by 21.12.2021

Additional information:

Juha Lehtola, Director, Venture Capital, Tesi
+358 400 647 671


Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. @TesiFII

Categories: News


Ratos-owned Speed Group acquires Dream Logistics’ 4PL operations


The logistics and staffing company Speed Group, which is 70% owned by Ratos AB, has signed an agreement with Dream Logistics to acquire shares in the company’s subsidiary for transport management services, known as fourth-party logistics (4PL).

The company is based in Mölndal, Sweden and is expected to have sales of SEK 100m for 2022, with an EBITA margin of approximately 3%, which is in line with other 4PL providers. The agreement signed by Speed Group is for the acquisition of 80% of the shares in the company. The company’s Managing Director, Fredrik Krysén, will continue to own the remaining 20% of the shares.


“This acquisition is strategically important for Speed Group, since it helps expand the existing offering to include transport management services. This will strengthen the company’s position in both the short and long term. As an owner, we’re pleased with Speed Group’s positive development coming in the wake of the constantly growing demand for the company’s services,” says Christian Johansson Gebauer, Chairman of Speed Group and President Business Area Construction and Services, Ratos.


“Dream Logistics’ 4PL operations, led by Managing Director Fredrik Krysén, are a perfect complement to Speed Group’s service offering. The company’s expertise in logistics consulting, transport management and implementing effective and cost-efficient transport solutions means that we provide our customers with a more holistic approach in terms of sustainable, effective and complete logistics solutions,” says Mats Johnson, CEO of Speed Group.



For further information
Christian Johansson Gebauer
Chairman of the Board of Speed Group and President Business Area Construction and Services, Ratos
+46 8 700 17 00
Mats Johnson
CEO, Speed Group
+46 73 367 75 45



About Speed Group
Speed Group is a corporate group based in Borås, Sweden that offers innovative and sustainable solutions to complex logistics and staffing challenges. The company is one of the Nordic region’s leading third-party logistics (3PL) providers, with effective automation solutions and nearly 200,000 square metres of warehouse space in Borås, Gothenburg and Stockholm. At 30 September, rolling 12-month sales for Speed Group amounted to SEK 945m and the EBITA margin was 11%.


About Ratos
Ratos is a business group consisting of 13 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 36 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.



Categories: News


Audax Private Equity Completes the Sale of MNX Global Logistics to Quad-C Management

Audax Group

Audax Private Equity (“Audax”) today announced that it has completed the sale of MNX Global Logistics (“MNX” or the “Company”), an industry leader in time-critical logistics and managed transportation services, to Quad-C Management (“Quad-C”). Terms of the transaction were not disclosed.

MNX, headquartered in Long Beach, California, with offices in Singapore, Amsterdam, and Melbourne, is an industry leader in time-critical logistics and managed transportation services serving the biopharmaceutical, life sciences, high tech, medical device, aviation, entertainment, government, and financial industries. MNX’s same-day services support the distribution of surgical kits, lifesaving medical treatments, and critical service-parts, and help rescue grounded aircraft through its Aircraft-On-Ground precision logistics services. MNX serves a diverse base of over 1,500 global clients in 190 countries and territories through its Next Flight Out (“NFO”), Air Charter, Expedited Ground, Forward Stocking, and Managed Transportation solutions.

Since Audax’ investment in 2018, MNX has undergone a period of rapid growth and transformation, including expanding its global footprint and solidifying its presence in healthcare and aviation end-markets. The acquisitions of both the Express Division of Network Global Logistics and Global First supported MNX’s global growth plan and commitment to continuously increase the capabilities that its customers demand.

David Wong, Managing Director at Audax, stated, “We are proud of all that has been accomplished during our partnership with MNX. John and the entire management team have done an extraordinary job of driving improvements and building a leading time critical logistics provider through organic growth, acquisitions, operations, and commercial synergies. We wish the best to MNX as it begins its next chapter.”

“Over the past three and a half years, Audax has proven to be an incredible partner,” said John Labrie, President and CEO of MNX. “Audax was instrumental in our customer growth and innovation in solution offerings, supporting our team in its mission to be a world leader in time-critical transportation services. We thank David and the Audax team for their support in helping us continue to deliver dependable, customized solutions, and we look forward to what the future holds for MNX.”

Jefferies and J.P. Morgan served as financial advisors and Kirkland & Ellis served as legal advisor to Audax and the Company.

Categories: News


CapMan Infra acquires Finland’s leading bus operator – electric bus fleet to grow sixfold by 2026


CapMan Infra Press Release

10 December 2021 at 9:30 a.m. EET

CapMan Infra acquires Finland’s leading bus operator –electric bus fleet to grow sixfold by 2026

CapMan Infra has entered into an agreement to acquire 100 per cent of the shares of Koiviston Auto (Metsäpietilä Oy), the largest bus operator in Finland. The acquisition is aligned with CapMan Infra’s approach to improve public transportation networks, offer sustainable transportation alternatives by driving the green shift of the business.

Koiviston Auto, founded in 1928, is a market leader within public and commercial bus transport in Finland. The company employs 2,300 people, has a fleet of c. 1,000 buses, operates a network of 18 depots across Finland and transported around 85 million passengers pre-pandemic in 2019.

The company’s business is divided into two segments, contract- and market-based bus transport. The contract-based urban bus transportation business displays attractive infrastructure characteristics of a large asset base underpinned by long-term capacity based and inflation protected contracts with public transportation authorities. The contract-based business represents currently around 80 per cent of group revenues, while the market-based business shows post-pandemic recovery opportunities. The market-based segment operates three well-known brands:, Onnibus Flex and Porvoon Liikenne, and is the clear market leader in the intercity long-haul bus traffic in Finland.

“We are very pleased to acquire a company with an impressive history and opportunities to transform its business towards more environmentally friendly operations. As the market leader, the company is well-positioned to drive the electrification of the bus sector and grow the business through winning additional contracts. We value their local knowledge and presence, and we plan to maintain the strong brands that the company’s fleet operates under. We look forward to continuing to develop the company together with its employees in line with the values of Koiviston Auto. We recognise the impact of the ongoing pandemic on employees and customers and focus on providing stability as we move towards a recovery,” says Ville Poukka, Managing Partner at CapMan Infra.

Through the acquisition, CapMan is driving the rapid electrification of urban bus transportation. Electric buses currently account for only 6 per cent of Koiviston Auto’s contracted fleet. CapMan plans to increase the company’s contracted electric bus fleet to more than 220 buses by 2026, representing over 33 per cent of the contracted bus fleet. The annual savings of around 21,000 tons of CO2, when compared with 2021 levels equal the removal of around 7,000* cars from traffic.

“Koiviston Auto has operated as a family business for nearly one hundred years. Before making the decision to sell we performed a careful evaluation of the company’s future. The industry is in transition, as traffic is being rapidly electrified. Now was a natural turning point to realise this change. CapMan Infra brings added resources to for instance needed fleet investments as well as valuable expertise to developing the business”, says Antti Norrlin, Chairman of the Board of Koiviston Auto.

The CapMan Infra team holds significant experience in implementing a green shift of the transportation sector through its investment in Norwegian ferry operator Norled, where emissions reduction of the fleet has been a key component of the strategy. The team has previous experience of managing and developing large transportation systems and organisations in the Nordics.

The transaction is subject to customary closing conditions and is expected to close during the first quarter of 2022. All existing employees will maintain their current positions following the transaction. This agreement has no immediate effect on Koiviston Auto’s existing customers or services provided.

CapMan Infra is a Nordic infrastructure investor with a team of ten professionals based in Helsinki and Stockholm and approx. €400 million in assets under management.

*Assuming on average 94,909 driven kilometers per annum for urban traffic bus and 1,202 g/km CO2 emissions for EURO VI class bus (full load) as well as 20,000 driven kilometers per annum for car and 153.5 g/km CO2 emissions for car, based on the average emissions per car in Finland in 2020.

For more information, please contact:

Ville Poukka, Managing Partner, CapMan Infra, tel. +358 50 572 9120

Torborg Chetkovich, Partner, CapMan Infra, tel. +46 73 802 02 05

Antti Norrlin, Chairman of the Board, Koiviston Auto, tel. +358 400 499 041

Antti Unkuri, Group CEO, Koiviston Auto, tel. +358 44 786 4623

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With over 4 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs around 160 people in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at

About Koiviston Auto

Koiviston Auto is the largest bus operator in Finland with a nationwide network of depots and routes. The company employs 2,300 people, has a fleet of around 1,000 buses and had a turnover of 173 million euros in 2020. Koiviston Auto is the market leader in market-based intercity traffic with its, OnniBusFlex and Porvoon Liikenne brands. In the contract-based urban bus transportation business the company is strongly present in the regions of Helsinki, Jyväskylä, Lahti, Kuopio, Oulu, Porvoo, Rauma, Rovaniemi and Varkaus. Koiviston Auto is a family-owned company founded in 1928. The company has its headquarters in Lahti. Visit or for more information.

Categories: News


Blackstone to Acquire a Stake in a Portfolio of High-Quality Australian Logistics Assets in the Largest Transaction in Asia Under its Core+ Strategy


Sydney, December 10, 2021 – Blackstone (NYSE:BX) today announced that Blackstone’s Core+ Real Estate strategy in Asia signed a binding agreement to acquire GIC’s 49% stake in the Dexus Australia Logistics Trust, an existing joint venture with Dexus that owns a portfolio of high-quality logistics assets in Australia. The portfolio of 77 premium-grade logistics assets is concentrated in Australia’s gateway cities, Sydney and Melbourne, with high exposure to densely populated areas and major transportation hubs. The transaction marks the sixth investment in Asia this year under Blackstone Real Estate’s Core+ strategy and the largest investment in Asia under this strategy to date.

Frank Cohen, Global Head of Core+ Real Estate, Blackstone, said: “We are pleased to both acquire a portfolio of best-in-class logistics assets in Australia and partner with Dexus. The transaction significantly increases our Asian Core+ Real Estate exposure to the logistics space and is consistent with our strategy of overweighting high conviction sectors and locations.”

Other investments in Asia this year under the Core+ strategy include the Eclipse (formerly The Sandcrawler), a Grade-A office building in Singapore anchored by tenants in fast-growing sectors of technology and media, and a portfolio of 38 modern residential assets concentrated in Japan’s major cities, Tokyo and Osaka.

Chris Tynan, Head of Real Estate Australia, Blackstone, said: “We continue to bring our global scale and expertise in investing in logistics to the Australian market. Over the last five years, we’ve been active in the premium-grade logistics sector in Australia. While online sales continue to soar, Australia’s e-commerce penetration rate continues to be low relative to that of other major logistics hubs around the world. We believe there’s tremendous opportunity for growth, supported by Australia’s strong e-commerce demand.”

Key transactions for Blackstone in Australia this year include the sale of Milestone, an Australian logistics portfolio, in the largest ever private real estate transaction in the country at the time; acquisition of Fort Knox Self-Storage, a portfolio of self-storage assets in Melbourne; and a majority stake in Grosvenor Place, an iconic office tower in Sydney’s central business district.

JLL facilitated the transaction, and Clayton Utz served as legal advisor to Blackstone.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US$230 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, multifamily and single family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ strategy comprises open-ended funds that invest in substantially stabilized real estate assets globally and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Media Contact
Ellen Bogard
Tel: +852 3651 7737

Categories: News


Mentha realizes stake in HB Returnable Transport Solutions following successful investment period

Mentha Capital

Mentha Capital (“Mentha”) has realised its investment in HB Returnable Transport Solutions (“HB” or the “Company”), a leading provider of rental, washing and integrated logistics for returnable transport items (“RTIs”) in the Dutch food supply chain. In early 2017, Mentha acquired a majority stake in HB alongside the Company’s founders and management. Over the past five years, Mentha has actively supported HB’s rapid growth and professionalization.

Arcus Infrastructure Partners (“Arcus”), through Arcus European Infrastructure Fund 2 SCSp (“AEIF2” or the “Fund”), acquired 100% of HB from its existing shareholders. As part of the transaction, HB senior management will reinvest in the Company alongside the Fund.

HB, founded in Welsum (the Netherlands) in 2008, provides an integrated offering of RTI rental, washing and logistics services to a diverse and blue-chip customer base in the Dutch food and beverage supply chain, ensuring the safe and sustainable transport of consumable products from suppliers to consumers. The main RTIs handled by HB are plastic crates and pallets, which serve as essential load carriers for products being transported from production locations to distribution centres, foodservice outlets and supermarkets across the Netherlands. These reusable load carriers are critical assets within the circular economy, ensuring reliable and efficient transport, while minimising the use of single-use, one-way packaging in a variety of fast-moving supply chains. With an asset pool of 2.8 million RTIs and a network of 10 strategically located washing and logistics facilities across the country, HB provides vital RTI logistics infrastructure and an integrated one-stop shop solution for its customers.

Commenting on the acquisition, Léon Rust, CEO of HB said: “First of all we want to thank Mentha for their great support over the last five years. Together with the Mentha team we made great effort in further professionalizing the company and growing the business. With Arcus as our new shareholder, we will embark on an exciting new phase of growth in our business. From our first meeting, it was clear that Arcus already had a deep knowledge of our industry, which serves as an important criteria for our team as we look to grow with a new partner. We look forward to working with the Arcus team as we improve and build on our core customer offering, explore new verticals within the RTI space and maximise the sustainability benefits of our business. Our belief is that our network of washing and logistics facilities, together with our extensive RTI pool, is a unique proposition to reduce transport distances (and therefore carbon footprint and logistics costs) within the food and beverage supply chain.”

Mark van Ingen, Partner at Mentha, commented: “It was a pleasure to team up with HB, its founders, management and employees. Over the past five years, everyone has worked very hard to further improve HB with the aim to strengthen its position as a leading RTI service provider in the Netherlands. Together we have invested in machines and automation, increased productivity, added new customers and bolstered the organisation. This has resulted in a strong and professional player in the RTI space. We are extremely proud of what has been accomplished and I would like to thank everybody for their contribution. With Arcus onboard we believe HB has found a very knowledgeable and committed partner to continue its journey to further improve and grow the company. We wish them all the best in their period of ownership and we will be interested to see how the company develops further.”

Ian Harding, Managing Partner at Arcus said: “We are extremely pleased to announce this investment in HB today. This acquisition is our seventh investment for AEIF2 and HB is a perfect fit with the Fund’s investment strategy of targeting mid-market, value-add infrastructure businesses in Europe. HB is a great addition to the Arcus portfolio.”

Jordan Cott, Arcus Partner who led the Fund’s acquisition said: “HB is a clear market leader in the RTI space in the Netherlands and has a proven track record of growth alongside its long-term customer base. The Company’s RTIs are essential assets within food and beverage supply chains, ensuring cost-efficient, reliable and sustainable transport of a wide range of products. These benefits are complemented by HB’s network of washing and logistics facilities, which are strategically located to enable customers to minimise transport distances and reduce the industry’s overall carbon footprint. We expect that HB and its customers will see significant and tangible benefits from strong RTI industry tailwinds over the coming years and look forward to working with Léon and the HB team as they continue to innovate and grow with their customers.”

Categories: News


Carlyle Congratulates ANE on its HKEX Listing


Hong Kong, November 11, 2021 – ANE (the “Company”), a leading express freight network in China’s less-than-truckload (“LTL”) market, today debuted on the Hong Kong Stock Exchange raising HK$1,009 million as the Company continues to focus on serving its core objectives of strengthening its leadership position, accelerating consolidation in China’s LTL industry, and sustaining its strong, profitable growth in the years to come.

The consumption upgrade, an accelerated digitalisation of commerce and trade, and the evolving commerce landscape in China has prompted a rapid digitalisation of the entire supply chain system encompassing manufacturing, distribution and online offline omni-channel retail. The increased adoption of digital commerce and trade in China has resulted in faster turnover of inventory. In turn, this has generated significant demand in the market for timely, comprehensive and reliable LTL services with nationwide coverage. To meet this demand, ANE has built an innovative freight partner platform model, which is highly scalable and cost-effective, backed by leading technology solutions at all stages of the process.

In addition, ANE has established a sustainable and self-reinforcing ecosystem comprising of its freight partners, agents and shippers. By December 31, 2020, the Company had collaborated with approximately 26,400 freight partners and agents to serve shippers across approximately 96% of the counties and townships in China. ANE’s express freight network was able to reach a diverse and well-balanced end-customer base of over 3.6 million shippers in 2020 across the entire commerce landscape in China.

Carlyle invested into ANE through Carlyle Asia Partners IV in June 2015.

Ling Yang, a Managing Director of the Carlyle Asia advisory team, congratulated the Company: “With its market leading position and nationwide network, we believe ANE is well-positioned to capture the growing demand for LTL and develop high growth regions, industries and shipper groups. The Company is capable of expanding its product offerings to meet the continuously changing customer needs brought through e-commerceindustrial upgrade, omni-channel and supply chain evolution. We are excited to support ANE’s strong management team as they  continue to drive growth in China and we are proud to back the Company as it celebrates this significant milestone.”

Carlyle has a well-established history of investing in the industrial and transportation sector, globally investing over US$33 billion of equity as of September 30, 2021, with approximately US$4 billion of this in Asia. Carlyle seeks opportunities in companies with strong disruptive technologies that have captured an early lead or a product niche, with the opportunity to transform these businesses into industry or geographic leaders. Carlyle’s Asia investments include Delhivery Private Ltd., JD Logistics, Atotech, Tongyi Lubricant, among others.


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 Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at Follow Carlyle on Twitter @OneCarlyle.


Media Contact:

Finsbury Glover Hering:

Evonne Xiao

Tel: +852 9681 9865


Categories: News


BDC to acquire Achilles


Achilles, a global leader and partner of choice for supply chain risk and performance management, today announces an agreement to be acquired by Bridgepoint, the international private assets fund management group.

The acquisition marks a new chapter for Achilles. Despite the recent global turmoil and uncertainty, Achilles has continued to partner with customers, build new value, bring new products to market and add new customers to the portfolio.

Over the past decade supply chain risk management has increased in complexity due to numerous environmental, social, and economic drivers. Issues such as sustainability, modern slavery and equality, diversity and inclusion, as well the increased risk of sophisticated cyber-attacks have changed the way in which supply chains need to be managed: Achilles’ solutions enable customers to mitigate risk and make informed business decisions for their supply chains.

Partnering with Bridgepoint will give Achilles access to the capital and expertise to significantly expand the solution set, both organically and through M&A, delivering new capabilities around key focus areas like ESG, CSR, EDI, Health and Safety, and supply chain mapping, all of which are critical customer needs.

Matt Legg, Director of Bridgepoint Development Capital, said: “Supply chains across the world are under increased pressure and scrutiny, creating opportunities for those companies who are able to provide data-driven solutions to ensure more sustainable and ethical solutions. Achilles, with its global platform, breadth of risk coverage, in-house audit capabilities, and depth of data validation provides a compelling proposition to its customers. We look forward to working with the Achilles management team and have already identified multiple avenues to drive value creation in a sector which is growing due to increasing supply chain complexity and corporate focus on supply chain risk and ESG.”

Jay Katzen, CEO of Achilles, commented: “I am delighted Bridgepoint will be working with the team at Achilles for the next chapter in our story. Our teams have built a great rapport, and we have a shared vision about both the opportunity and goal to expand our solutions, helping our customers drive a more sustainable future.

I believe this is a pivotal moment, not just for my colleagues and I at Achilles, but for our customers and partners as well. With this in mind, I’d like to thank Hg and Achilles’ Chairman Craig Rodgerson, for their support in driving success for Achilles.

With over 30 years’ experience, sector leading technology and extremely engaged employees, Achilles is uniquely well placed to take advantage of the opportunities that evolve as the world looks to make supply chains more sustainable, efficient and ethical. Achilles creates opportunity and provides the sector leading insight that enables better, value added decision making for our customers, from the smallest micro business to FTSE 100 companies. It is this strength of purpose and range of strategic opportunity that the team at Bridgepoint recognise and value – I’m excited about all that the future holds for Achilles and our customers.”

The investment in Achilles was made by the Bridgepoint Development Capital fund IV. Bridgepoint was advised on the transaction by: Raymond James (M&A), Ropes & Gray (Legal), GCA Altium (Debt), McKinsey (Commercial), BDO (Financial & Tax) and Intechnica (Technology). Hg and Achilles were advised by Baird (M&A) and Barclays (M&A).

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