Dun & Bradstreet Enters Into a Definitive Agreement To Be Acquired by Clearlake Capital Group

admin March 25, 2025

Dun & Bradstreet Shareholders to Receive $9.15 per Share in Cash Transaction Valued at $7.7 Billion

SANTA MONICA, CA and JACKSONVILLE, FL – March 24, 2025 – Clearlake Capital Group, L.P., (together with certain of its affiliates, “Clearlake”), today announced that it has entered into a definitive agreement to acquire Dun & Bradstreet Holdings, Inc. (“Dun & Bradstreet”) (NYSE: DNB), a leading global provider of business decisioning data and analytics, in a transaction valued at $7.7 billion, including outstanding debt / with an equity value of $4.1 billion.

Under the terms of the agreement, which has been unanimously approved by Dun & Bradstreet’s Board of Directors, Dun & Bradstreet shareholders will receive $9.15 in cash for each share of common stock they own.

“We have been on a strategic journey over the last six years, executing a major transformation that has strengthened our business and financial results. We have grown revenue by approximately 40%, EBITDA by 60%, expanded margins by nearly 600 basis points, and leverage has come down from 9 times to 3.6 times, all while extending our lead in data breadth, depth and quality,” said Anthony Jabbour, CEO of Dun & Bradstreet. “We are pleased to be partnering with Clearlake on this new leg of that journey. With their support, our team looks forward to evolving and growing the company with new ways to put our trusted, proprietary and mission-critical data assets to work for our clients.”

“Dun & Bradstreet has built a trusted, globally recognized brand and has amassed a preeminent set of data and analytics that empower organizations of all sizes. As companies become more data-centric in their decisioning in this fast-paced world, we see vast potential for Dun & Bradstreet to deliver AIpowered solutions to their global client base,” said Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner, at Clearlake. “We are excited to partner with Anthony and his team to support the company in unlocking its full potential.”

Transaction Details The purchase price will be funded by Clearlake with a combination of equity and debt financing on the terms set forth in the respective commitment letters executed in connection with the transaction.

The agreement provides for a “go-shop” period, during which Dun & Bradstreet, with the assistance of BofA Securities, will actively solicit, evaluate and potentially enter into negotiations with and provide due diligence access to parties that submit alternative proposals. The go-shop period is 30 days. Dun & Bradstreet will have the right to terminate the agreement and enter into a superior proposal, subject to the conditions and procedures specified in the merger agreement to be filed by Dun & Bradstreet with the Securities and Exchange Commission today on Form 8-K. There can be no assurance this process will result in a superior proposal. Dun & Bradstreet does not intend to disclose developments about this process unless and until its Board of Directors has made a decision with respect to any potential superior proposal.

The transaction is expected to close in the third quarter of 2025, subject to Dun & Bradstreet shareholder approval, regulatory clearances and other customary closing conditions. The Dun & Bradstreet Board unanimously recommends that shareholders vote to approve the merger at an upcoming special meeting of shareholders. Upon completion of the transaction, Dun & Bradstreet will become a privately held company and shares of Dun & Bradstreet common stock will no longer be listed on any public market. BofA Securities is serving as financial advisor to Dun & Bradstreet and Weil, Gotshal & Manges LLP is serving as legal counsel. Financial advisors to Clearlake include Morgan Stanley, Goldman Sachs, JP Morgan, Rothschild & Co, Barclays, Citi, Deutsche Bank, Santander, and Wells Fargo. Ares Credit Funds and HSBC also participated in the committed financing for the transaction. Sidley Austin LLP is serving as legal counsel to Clearlake.

About Dun & Bradstreet Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity.

About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused, approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational approach, O.P.S.® The firm’s core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at www.clearlake.com.

Cautionary Statement Regarding Forward-Looking Statements This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the effects of the proposed acquisition of Dun & Bradstreet by an affiliate of Clearlake Capital Group, L.P. Forward-looking statements are based on Dun & Bradstreet’s management’s beliefs, as well as assumptions made by, and information currently available to, them. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “predicts,” “potential,” “expects,” “may,” “could,” “might,” “likely,” “will,” “should” and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forwardlooking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. It is not possible to predict or identify all risk factors. Consequently, the risks and uncertainties listed below should not be considered a complete discussion of all of our potential trends, risks and uncertainties and, except as required by law, we undertake no obligation to make any revisions to any forward-looking statements contained in this communication or to update them to reflect events or circumstances occurring after the date of this communication, whether as a result of new information, future events/developments or otherwise. Investors are cautioned not to place undue reliance on these forward-looking statements. The risks and uncertainties that forward-looking statements are subject to include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (ii) the inability to complete the proposed merger due to the failure to obtain shareholder approval for the proposed merger or the failure to satisfy other conditions to completion of the proposed merger; (iii) risks related to disruption of management’s attention from our ongoing business operations due to the proposed merger; (iv) the effect of the announcement of the proposed merger on our relationships with our customers, operating results and business generally; (v) the risk that the proposed merger will not be consummated in a timely manner; (vi) our ability to implement and execute our strategic plans to transform the business; (vii) our ability to develop or sell solutions in a timely manner or maintain client relationships; (viii) competition for our solutions; (ix) harm to our brand and reputation; (x) unfavorable global economic conditions including, but not limited to, volatility in interest rates, foreign currency markets, inflation, and supply chain disruptions; (xi) risks associated with operating and expanding internationally; (xii) failure to prevent cybersecurity incidents or the perception that confidential information is not secure; (xiii) failure in the integrity of our data or systems; (xiv) system failures and personnel disruptions, which could delay the delivery of our solutions to our clients; (xv) loss of access to data sources or ability to transfer data across the data sources in markets where we operate; (xvi) failure of our software vendors and network and cloud providers to perform as expected or if our relationship is terminated; (xvii) loss or diminution of one or more of our key clients, business partners or government contracts; (xviii) dependence on strategic alliances, joint ventures and acquisitions to grow our business; (xix) our ability to protect our intellectual property adequately or cost-effectively; (xx) claims for intellectual property infringement; (xxi) interruptions, delays or outages to subscription or payment processing platforms; (xxii) risks related to acquiring and integrating businesses and divestitures of existing businesses; (xxiii) our ability to retain members of the senior leadership team and attract and retain skilled employees; (xxiv) risks related to changes in the political and legislative landscape in which we operate (including as a result of changes in domestic and international governments and policies) and potential corporate tax reform, and our ability to adapt to those changes as well as adaptation by our key customers and suppliers; (xxv) risks related to registration and other rights held by certain of our largest shareholders; (xxvi) an outbreak of disease, global or localized health pandemic or epidemic, or the fear of such an event, including the global economic uncertainty and measures taken in response; (xxvii) the potential for political, social, or economic unrest, terrorism, hostilities or war, including increased economic uncertainty related to the ongoing conflict between Russia and Ukraine, the conflict in the Middle East, and associated trends in macroeconomic conditions, and (xxviii) the other factors described under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note Regarding Forward-Looking Statements” and other sections of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 21, 2025 (the “Company’s 2024 Annual Report”).

No Offer or Solicitation; Additional Information and Where to Find It This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. In connection with the proposed merger, the Company intends to file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A to be filed with the SEC (the “Proxy Statement”). This communication is not a substitute for the Proxy Statement or any other document that the Company may file with the SEC or send to its shareholders in connection with the proposed merger. SHAREHOLDERS OF THE COMPANY ARE ADVISED TO READ THE PROXY STATEMENT AND ANY OTHER DOCUMENTS FILED BY THE COMPANY WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND THE BUSINESS TO BE CONDUCTED AT THE SPECIAL MEETING. All such documents, when filed, may be obtained free of charge at the SEC’s website (http://www.sec.gov). These documents, once available, and the Company’s other filings with the SEC also will be available free of charge on the Company’s website at https://investor.dnb.com/financials/sec-filings/default.aspx.

Participants in the Solicitation The Company, its directors and certain of its executive officers and employees may be deemed participants in the solicitation of proxies from stockholders in connection with the proposed merger. Information regarding the names of the Company’s directors and executive officers and certain other individuals and their respective interests in the Company by security holdings or otherwise is set forth in the Company’s definitive proxy statement on Schedule 14A for its 2024 annual meeting of stockholders, filed with the SEC on April 25, 2024 (the “2024 Definitive Proxy”), which is available here. Please refer to the sections captioned “Executive Compensation” and “Security Ownership of Certain Beneficial Owners” in the 2024 Definitive Proxy. To the extent that certain Company participants or their affiliates have acquired or disposed of security holdings since the “as of” date disclosed in the 2024 Definitive Proxy, such transactions have been or will be reflected on Statements of Change in Ownership on Form 4 or amendments to beneficial ownership reports on Schedules 13D filed with the SEC, which are available at: https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001799208&owner=exclude. Such filings and the 2024 Definitive Proxy are available free of charge on the Company’s website at https://investor.dnb.com/financials/sec-filings/default.aspx or through the SEC’s website at www.sec.gov. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Company’s proxy statement on Schedule 14A and other materials to be filed with the SEC in connection with the proposed merger.

For Dun & Bradstreet:

Media Contact:

PR@dnb.com 904-648-6130

Investor Contact:

IR@dnb.com 904-648-8006

For Clearlake:

Media Contact:

Jennifer Hurson jhurson@lambert.com 845-507-0571

Categories: News

Tags: Data

Fortitude Re Announces $4 Billion Annuity Reinsurance Agreement with Taiyo Life Insurance Company

admin March 21, 2025

HAMILTON, Bermuda, March, 21, 2025–FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary, Fortitude International Reinsurance Company Ltd. (“FIRL”) and Taiyo Life Insurance Company (“Taiyo Life”), a wholly owned subsidiary of T&D Holdings, Inc (“T&D”).

Under the transaction, which is effective as of February 28, 2025, Taiyo Life has reinsured a significant portion of its whole life annuity business to Fortitude Re. Taiyo Life will continue to service and administer the reinsured policies.

This transaction marks Fortitude Re’s second reinsurance transaction with Taiyo Life and Fortitude Re’s sixth deal in Japan.

“We are honored that Taiyo Life continues to place their trust in us and we look forward to building on our successful partnership,” said Leonard Lin, Head of Asia, Fortitude Re. “This transaction further demonstrates our deep commitment to the Japan market and to helping our partners achieve their risk, capital and growth aspirations.”

“The track record Fortitude Re has built in Japan underscores the power of the partnership between Fortitude Re and its shareholders,” said Alon Neches, CEO, Fortitude Re. “T&D’s origins and extensive activities in Japan combined with Carlyle’s 25-year track record in the country and leading asset origination capabilities, have helped grow our business ensuring that our policyholders benefit from the compelling value proposition we have built. Together, we are delivering innovative solutions that provide long-term value for insurers in Japan and around the world.”

The transaction with Taiyo Life comes on the heels of the announcement of the signing of Fortitude Re’s long-term care and individual disability insurance reinsurance agreement with a subsidiary of Unum Group last month in the U.S. Upon closing of that transaction, Fortitude Re will have originated over $8 billion in reserves this year, reinforcing Fortitude Re’s industry-leading capabilities.

Sidley Austin LLP and Mori Hamada & Matsumoto served as legal counsel to Fortitude Re on the Taiyo Life transaction.

Media Contact

Mary Beth Conklin

Marybeth.conklin@fortitude-re.com

423-596-1449

About Fortitude Re
Fortitude Re is a leading provider of reinsurance solutions with $106 billion in total assets as of Dec. 31, 2024. The foundations of our business model are our exceptional insurance professionals and the support of the world’s most sophisticated insurance investors, including Carlyle and T&D Insurance Group. Our people, our capital strength and our capabilities drive strategic reinsurance solutions designed to meet our clients’ highest priority goals and to create sustainable, long-term value for our shareholders, our teammates, and the communities in which we operate. For more information visit, www.fortitude-re.com and follow Fortitude Re on LinkedIn.

Categories: News

Tags: Insur Insurance

3i Group plc Action Capital Markets Seminar and portfolio update

admin March 20, 2025

3i Group plc (“3i”, or “the Group”) will be holding a capital markets seminar this morning, involving presentations from the management team of Action, our largest portfolio company. A live webcast of the seminar will take place at 10:00 (UK time). To register for the webcast, please visit https://www.3i.com/investor-relations. An on-demand webcast of the seminar will also be available by the end of the day.

In its 2024 financial year Action generated net sales of €13,781 million and operating EBITDA of €2,076 million, 22% and 29% respectively higher than in 2023. Like-for-like sales growth was 10.3% and the business added 352 stores in the year. Operating leverage and good cost discipline were the main drivers behind the increased EBITDA margin of 15.1%.

Action has made a good start to 2025. In the period to the end of week 11, Action’s net sales were €2.95 billion, 17% ahead of the same period in 2024. Like-for-like sales growth in the first 11 weeks of the year was 6.1%, with growth in transactions being 6.5%. The YTD like-for-like sales have been affected by temporary availability issues in certain stores and DCs as a result of the changeover of Action’s ERP system at the turn of the year. These issues have now been dealt with. The business has added 38 stores in the year to date. Cash and cash equivalents as at 16 March 2025 was €927 million. Action is planning to make another dividend payment to shareholders in the last week of March.

The following guidance for Action’s year to December 2025 will be set out during the presentation.

Like-for-like sales growth	Above YTD like-for-like sales and in the mid to high single digit range
Net store opening target	c.370
EBITDA margin expansion	+c.10-20 bps from 15.1% for the 12 months to 29 December 2024

Action’s estimate of white space potential in existing and identified in-scope countries in Europe will be updated to 4,850 stores in addition to the 2,918 existing stores at the end of 2024. This represents an increase of c.500 from the white space estimate given last year.

In March 2025, Action completed a successful, leverage neutral repricing of c.53% of its debt facilities, generating an annual interest cost saving of c.€19 million, in addition to the c.€14 million of annual interest savings generated through the amend, extend and repricing transaction executed in November 2024.

We have recently completed our semi-annual portfolio company review meetings. Our other long term hold asset Royal Sanders continues to trade well. The PE portfolio more generally continues to make good progress against a difficult macro and uncertain geo-political environment with good performance across a number of 3i’s larger investments. Overall, across the whole portfolio the performance in the initial weeks of 2025 was encouraging with only a small number still facing material headwinds. Our full year results will be published in May.

– Ends –

For further information, contact:

3i Group plc

Silvia Santoro
Investor enquiries

Kathryn van der Kroft
Media enquiries

Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

Notes to editors:

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Our core investment markets are northern Europe and North America.

For further information, please visit: www.3i.com.

Categories: News

EQT Consortium Completes Acquisition of Nord Anglia Education

admin March 20, 2025

Expanded shareholder group, led by global investors including Neuberger Berman Private Markets, CPP Investments, CF Alba and Dubai Holding, brings deep expertise and long-term capital to support Nord Anglia’s continued expansion and innovation in premium education
USD 14.5 billion transaction reflects Nord Anglia’s leadership in delivering world-class education and its position as a premier global institution
The depth and diversity of global financial asset managers and institutions in Nord Anglia’s expanded shareholder base enhance its long-term resilience, introduce fresh strategic capital and create new pathways for innovation and growth

LONDON – March 20, 2025 – EQT, as part of a global consortium of premier institutional investors including Neuberger Berman Private Markets, Canada Pension Plan Investment Board (“CPP Investments”), Corporación Financiera Alba, S.A. (“CF Alba”) and Dubai Holding Investments (“Dubai Holding”) (collectively the “Consortium”), today announced the successful completion of the Consortium’s acquisition of Nord Anglia Education (“Nord Anglia” or the “Company”), valuing the business at USD 14.5 billion.

This transaction marks a significant milestone in Nord Anglia’s evolution as a global leader in private international education. Operating over 80 schools in 33 countries, Nord Anglia educates more than 90,000 students from ages 2 to 18. Its students consistently achieve excellent academic results, with Year 12 graduates frequently accepted into the world’s top 100 universities. Central to Nord Anglia’s educational philosophy is its personalized learning approach, where classroom teaching is tailored to each student’s unique learning style.

Alongside EQT, Neuberger Berman Private Markets, CPP Investments, CF Alba and Dubai Holding, the completion of Nord Anglia’s acquisition also introduces a distinguished group of global financial asset managers or institutions which significantly broadens and strengthens the Company’s ownership structure. This group includes sovereign wealth funds, insurers, and family offices across Asia, the Middle East, Europe, and North America, which not only enhances Nord Anglia’s long-term stability as a private company but also brings new strategic perspectives, resources, and capital to drive its continued growth. The strong momentum and commitment from these investors reflect the exceptional quality of the organization and confidence in its long-term trajectory.

EQT has been a dedicated partner to Nord Anglia since 2008 and further strengthened its commitment in 2017, when CPP Investments joined as an investor. Over this period, EQT has played a central role in strategic M&A, helping Nord Anglia successfully execute more than 21 acquisitions since 2017 that have significantly expanded its footprint and earnings. Additionally, EQT has worked closely with Nord Anglia to invest in digital initiatives, enhancing both the student learning experience and operational efficiencies. Under EQT’s ownership, Nord Anglia has also established an innovative collaboration model with world-renowned institutions, further elevating its reputation for academic excellence. Its partners include UNICEF, Juilliard, MIT, IMG Academy, King’s College London, and Project Zero, a research center at the Harvard Graduate School of Education.

Neuberger Berman, CF Alba, Dubai Holding and other leading global investors now join EQT and CPP Investments to further strengthen Nord Anglia’s position as a sophisticated, globally integrated premium education group. With a commitment to supporting both organic growth and strategic acquisitions, the Consortium ensures Nord Anglia remains well-positioned for continued innovation, expansion, and leadership in the evolving global education landscape.

Jean Eric Salata, Chairperson of EQT Asia and Head of Private Capital Asia, said, “EQT is proud to be a long-term partner to Nord Anglia and to continue supporting its evolution as a world-leading premium education platform. This transaction not only delivers a strong outcome and a successful exit for BPEA Private Equity Fund VI but also marks a defining moment for EQT, as we align with a distinguished group of global investors who share a deep commitment to Nord Anglia’s mission. The strength and diversity of this expanded shareholder base will reinforce the company’s long-term stability, provide additional strategic capital, and unlock new opportunities for innovation. We look forward to this next chapter and to seeing Nord Anglia continue to set new benchmarks in academic excellence and global impact.”

Jack Hennessy, Partner at EQT Private Equity, said, “Nord Anglia is an outstanding institution that has set new standards for excellence in global private education. For more than 16 years, we’ve worked closely with the company’s exceptional management team to expand its reach and elevate its academic offering. With the completion of this transaction, we are excited to continue this journey with Neuberger Berman, CPP Investments, CF Alba, Dubai Holding and a world-class group of long-term institutional investors, ensuring Nord Anglia is well-positioned for its next stage of growth.”

Andrew Fitzmaurice, Chief Executive Officer of Nord Anglia Education, added, “We are delighted to partner with some of the world’s most respected investors, who share our commitment to educational excellence. EQT has been an exceptional partner over the years, helping to strengthen our academic programs, invest in research and innovation, and expand our family of schools globally. With the support of our investor group, we are excited about the future and the opportunities this will create to further improve students’ outcomes.”

EQT is investing in Nord Anglia through its BPEA Private Equity Fund VIII.

Contact
EQT Press Office, press@eqtpartners.com

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250320 EQT Consortium Completes Acquisition of Nord Anglia

About EQT
EQT is a purpose-driven global investment organization with 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. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About Nord Anglia Education
As a leading international schools organization, we’re shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life.

Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible.

No two children learn the same way, which is why our schools around the world personalize learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world’s top universities.

Our Nord Anglia global family includes 80+ day and boarding schools in 33 countries, teaching over 90,000 students from ages 3 to 18.

To learn more: nordangliaeducation.com.

Categories: News

Tags: Education

Systems Planning & Analysis (SPA), an Arlington Capital Partners Portfolio Company, Completes Acquisition of Intrepid

admin March 19, 2025

Intrepid Delivers Next Generation Integrated Battle Management and Other Key Systems

ALEXANDRIA, VA – March 19, 2025 Systems Planning & Analysis (SPA), a leading global provider of data-driven analytical insights supporting complex national security programs and defense priorities, has acquired Intrepid, a leading engineering company with prime positions in the missiles and space, enterprise modernization, and aviation and mission support domains.

Based in Huntsville, Alabama, Intrepid connects SPA to the top two mission priorities for the US Army: integrated battle management and enterprise modernization. As the lead Systems Engineering and Technical Assistance partner on the Integrated Battle Command System program since its inception, Intrepid has played a central role in shaping the Army’s warfighting posture for the foreseeable future, including strengthening homeland missile defense and countering offensive threats in the Indo-Pacific multi-domain battlespace. As well, Intrepid’s core capabilities in enterprise modernization deliver system agility, accelerate auditability, and enable multi-domain operations for a range of defense-based clients.

SPA CEO Rich Sawchak commented, “We are thrilled to gain Intrepid’s highly respected and complementary approaches to supporting the warfighter with engineering excellence. This acquisition marks an important milestone in our strategic growth, broadening our client base to include a substantial presence in the US Army in addition to our already substantial presence in the US Navy, US Air Force, US Space Force, and Intelligence Community.”

Intrepid CEO Bill Best said, “We couldn’t be more pleased to join a company of SPA’s caliber. Given our shared commitment to the national security mission, SPA is a perfect partner and force multiplier for us. We are excited to partner with SPA’s cadre of deep technical experts, and we look forward to serving our clients with ever-advancing capabilities.”

David Wodlinger, a Managing Partner at Arlington Capital Partners, said, “SPA’s acquisition of Intrepid creates the perfect blend of cutting-edge capabilities, approaches, and expertise that further solidifies SPA’s reputation for advancing national security. We are honored and excited to deepen our mission support for the missile, space, and aviation communities.”

Sheppard Mullin and Morrison Foerster acted as legal counsel to SPA. Houlihan Lokey worked as financial advisor and Maynard Nexsen served as legal counsel to Intrepid.

About SPA

SPA is a global, independent analytical and technical innovation firm supporting complex national security programs and defense priorities. SPA’s portfolio of differentiated capabilities and tools delivers comprehensive support to the most critical programs for combatting threats, influencing long-term strategic priorities, and shaping policies at the highest levels. With over 2,500 professionals, SPA’s employees are subject matter experts in numerous domains, including Land, Undersea, Surface and Air Warfare Operations; Intelligence Community, Radar and Sensor Systems; Unmanned Systems and Counter Systems; Defense Industrial Base and Economic Security; Space Systems; Ballistic Missile Systems; Cybersecurity Analysis and Policy; and Hypersonics. Awards include GovCon Contractor of the Year in 2022, Washington Post Top Workplace consecutively since 2014, and Department of Labor HIRE Vets Gold Medal for the past seven consecutive years. SPA is a portfolio company of Arlington Capital Partners. For more information: www.spa.com.

About Arlington Capital Partners

Arlington Capital Partners is a Washington, D.C.-area private investment firm specializing in government regulated industries. The firm partners with founders and management teams to build strategically important businesses in the government services and technology, aerospace and defense, and healthcare sectors. Since its inception in 1999, Arlington has invested in over 175 companies and is currently investing out of its $3.8 billion Fund VI. For more information, visit Arlington’s website at www.arlingtoncap.com and follow Arlington on LinkedIn.

Contacts

Systems Planning & Analysis (SPA)

Sue Nelowet, Director of Communications

snelowet@spa.com

Arlington Capital Partners

Ryan Fitzgibbons and Meredith Bishop

Pro-arlington@prosek.com

Categories: News

Tags: Services

SoftBank Group to Acquire Ampere Computing

admin March 19, 2025

(TOKYO, Japan) and (Santa Clara, CA) – March 19, 2025 – SoftBank Group Corp. (TSE: 9984, “SoftBank Group”) today announced that it will acquire Ampere® Computing, a leading independent silicon design company, in an all-cash transaction valued at $6.5 billion. Under the terms of the agreement, Ampere will operate as a wholly owned subsidiary of SoftBank Group and retain its name. As part of the transaction, Ampere’s lead investors – Carlyle (NASDAQ: CG) and Oracle Corp. (NYSE: ORCL) – are selling their respective positions in Ampere.

As SoftBank Group broadens its AI infrastructure investments in ventures such as Cristal intelligence and Stargate, the acquisition will help enhance SoftBank Group’s capabilities in key areas and accelerate its growth initiatives.

“The future of Artificial Super Intelligence requires breakthrough computing power,” said Masayoshi Son, Chairman and CEO of SoftBank Group Corp. “Ampere’s expertise in semiconductors and high-performance computing will help accelerate this vision, and deepens our commitment to AI innovation in the United States.”

“With a shared vision for advancing AI, we are excited to join SoftBank Group and partner with its portfolio of leading technology companies,” said Renee James, Founder and CEO of Ampere. “This is a fantastic outcome for our team, and we are excited to drive forward our AmpereOne® roadmap for high performance Arm processors and AI.”

Founded in Silicon Valley in 2018 with an initial focus on cloud-native computing, Ampere has since expanded into sustainable AI compute. The company has multiple products for a spectrum of cloud workloads from the edge to the cloud data center.

Transaction Details
Under the terms of the agreement, SoftBank will acquire Ampere for $6.5 billion in cash. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2025. Ampere’s headquarters will remain in Santa Clara, CA.

About SoftBank Group

The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers, as well as a majority stake in Arm, which is building the future of computing; and the SoftBank Vision Funds, which are investing to help transform industries and shape new ones. To learn more, please visit https://group.softbank/en.

About Ampere
Ampere is a semiconductor design company focused on high-performance, energy efficient, sustainable AI Compute based on the Arm compute platform. To learn more, please visit https://amperecomputing.com.

Media contacts:

Ampere

press@amperecomputing.com

SoftBank Group

softbank@fgs.global.com

Categories: News

Tags: Semiconductors

Lincoln Financial announces plans to launch two new private market funds to expand its solutions platform

admin March 19, 2025

The company is partnering with Bain Capital and Partners Group to meet evolving client needs

Radnor, PA – March 19, 2025 – Lincoln Financial (NYSE: LNC), a leading provider of insurance, annuities, group benefits, and retirement solutions, announces its expansion into the rapidly growing private markets industry, partnering with Bain Capital, a leading global private investment firm, and Partners Group, one of the largest firms in the global private markets industry, to launch two new private markets-focused funds. Lincoln expects the new offerings to be available in late 2025.

“Powered by industry-leading distribution capabilities, a vast network of strategic partner relationships and a nearly 120-year track record of serving customer needs, Lincoln, in partnership with Bain Capital and Partners Group, is well-positioned to deliver innovative and differentiated investment solutions,” said John Kennedy, executive vice president, Chief Distribution & Brand Officer. “This collaboration is a natural extension of Lincoln’s long-standing partnerships with top-tier asset managers and furthers our ability to provide consultative support for financial professionals to meet the evolving needs of their clients.”

Bain Capital will partner with Lincoln Financial to provide investors access to an evergreen fund offering focused on a globally varied portfolio of private credit investments, including direct lending, asset-based finance, and structured credit. With more than 25 years of multi-asset credit investing experience, Bain Capital will leverage its dynamic approach to investing and the deep expertise of its team to source, analyze, and execute compelling opportunities across global debt markets.

Lincoln Financial is partnering with Partners Group to launch an evergreen fund that will provide access to a globally varied cross-sector private markets royalty portfolio. Partners Group will follow a relative value approach to invest across both well-established royalty sectors, such as intellectual property assets in the pharmaceutical and entertainment industries, and emerging high-growth sectors like energy transition, sports, and brands. The fund will look to employ a range of structures, including direct purchases of royalties, creating royalties, and lending against royalties.

“Private market investments have been a staple within the portfolios of institutional and high-net-worth investors for decades. However, in recent years, the demand from individual investors has increased as they seek access to the return potential and diversification benefits that private markets can bring to a well-diversified portfolio,” said Jayson Bronchetti, executive vice president, Chief Investment Officer. “The private market investment strategies we have deployed through our multi-manager framework have enabled us to drive value within our own investment portfolio,” Bronchetti added. “We are thrilled to leverage our asset management relationships and investment and fund structure expertise to create private market funds for our customers to invest directly into these strategies with Bain Capital and Partners Group.”

“By combining our deep expertise in private markets with Lincoln’s innovative, expansive distribution platform, we can further expand access to private markets for more investors,” said John Wright, Partner and Global Head of Credit at Bain Capital. “We look forward to partnering with an institution that has spent more than a century building a legacy of trust, financial stewardship, and value creation for its clients.”

“We’re excited to extend our long-standing strategic partnership with Lincoln to bring a new offering to the US private wealth market,” said Nicholas Hegarty, Managing Director and Co-Head of Client Solutions Americas at Partners Group. “Our 20-year plus track record in managing bespoke evergreen solutions and deep expertise in private markets royalties, coupled with Lincoln’s market-leading distribution capabilities, provide strong foundations from which to deliver a very impactful private markets solution.”

Industry veteran Tom Morelli, Investment Distribution, was recently hired to advance Lincoln’s distribution efforts with private market funds and other investment solutions, leveraging Lincoln’s broad set of capabilities and expertise across distribution and investments.

About Lincoln Financial
Lincoln Financial helps people confidently plan for their vision of a successful financial future. As of December 31, 2024, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of December 31, 2024, the company has $321 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates, including broker-dealer/affiliate Lincoln Financial Distributors, Inc.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1,800 professionals and over USD 150 billion in overall assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and its primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders. For more information, please visit http://www.partnersgroup.com.

Registration statements for each of the evergreen funds have been filed with the Securities and Exchange Commission and are available from the EDGAR database on the SEC’s website (www.sec.gov). The information in the registration statements is not complete and may be changed. The securities of neither fund may be sold until its registration statement is effective. An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information about each fund will be contained in the fund’s final prospectus, which investors should read carefully when available from the EDGAR database on the SEC’s website (www.sec.gov). This communication is not an offer to sell the shares of either fund and is not soliciting an offer to buy the shares of either fund in any state where the offer or sale is not permitted.

Bain Capital and Partners Group are not affiliated with Lincoln Financial.

Categories: News

Tags: Investments

Apollo Funds to Acquire OEG, a Leading Provider of Core Services to the Offshore Energy Industry

admin March 19, 2025

LONDON and NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo funds”) have agreed to acquire a majority stake in OEG Energy Group (“OEG” or the “Company”), a leading offshore energy solutions business, from funds managed by the Power Opportunities strategy of Oaktree Capital Management, LP (“Oaktree”) and other investors. The transaction implies a headline valuation of more than $1 billion for OEG, and Oaktree and others will retain a minority equity interest in the Company.

OEG is a scaled provider of core services across the offshore energy ecosystem, delivering development and operations solutions to oil & gas (O&G) and wind end markets for more than 50 years. The Company owns and operates one of the world’s largest fleets of cargo carrying units (CCUs), with 75,000+ units, enabling the safe transportation of essential cargo to and from offshore energy installations. OEG’s Renewables segment is a global, integrated provider of key technical solutions and services to the offshore wind sector.

John Heiton, CEO of OEG, said: “Since our company’s founding, we have worked hard to establish OEG as a global leader in delivering core services throughout the offshore energy value chain. As energy producers across Europe and around the globe continue to invest in energy transition, we are committed to expanding and enhancing our capabilities as a key partner. We look forward to working with Apollo as we enter this new and exciting chapter for our business and remain focused on supporting our customers with the same quality service they have come to expect.”

Wilson Handler, Partner at Apollo, said: “John and team have built OEG into a global leader and trusted provider of offshore equipment and services, with an integrated business model that has scaled across cycles. We see a tremendous opportunity to invest in the Company’s future growth as secular tailwinds drive demand for services enabling efficient energy production and renewable power. Bringing to bear the scale of Apollo’s integrated platform and deep expertise in energy services, we look forward to working with the talented team at OEG to unlock value for its various stakeholders and loyal customer base via organic and inorganic channels.”

Francesco Giuliani, Managing Director and Assistant Portfolio Manager in Oaktree’s Power Opportunities strategy, said: “We are proud of our partnership with the management team at OEG and the success achieved during Oaktree’s period of ownership. During that time, increased focus on the energy transition and global supply dynamics has made investment for core energy infrastructure even more important. We continue to have strong conviction in OEG’s growth trajectory and are thrilled to maintain a minority interest alongside Apollo funds.”

Over the past five years, Apollo-managed funds and affiliates have committed, deployed, or arranged approximately $58 billionⁱ of climate and energy transition-related investments, supporting companies and projects across clean energy and infrastructure.

The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in Q2 2025.

Banco Santander SA acted as financial advisor and Vinson & Elkins LLP served as legal counsel to the Apollo funds on the transaction.

Goldman Sachs International acted as financial adviser to Oaktree, while Gibson, Dunn & Crutcher LLP (corporate) and Latham & Watkins (financing & antitrust) served as legal advisers.

White & Case LLP served as legal counsel to OEG management.

___________________

_{ⁱ As of December 31, 2024. The firmwide targets (the “Targets”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the “CTIF”), are (1) $50 billion by 2027 and (2) more than $100 billion by 2030. The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities (“SEAs”), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to an SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform.}

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

About OEG Energy Group

OEG is a leading offshore energy solutions business providing infrastructure assets, technologies and services to the global energy industry. From the company’s beginning in 1973, OEG has evolved significantly, growing both organically and through strategic acquisitions, to become a pivotal link in the global energy supply chain.

OEG delivers specialized and complementary solutions for above-water, on-water and below-water applications across the full energy lifecycle. From the provision of offshore logistics equipment and bespoke solutions, through to the delivery of integrated services for larger project work scopes, OEG plays an important role in supporting the production of the world’s energy needs whether that be electricity, gas or oil.

Headquartered in Aberdeen, UK, OEG has over 1,300 employees and operates in more than 65 countries.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $202 billion in assets under management as of December 31, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Oaktree Press Contacts

FGS Global
Rory King / Hannah Ratcliff
Rory.King@fgsglobal.com / Hannah.Ratcliff@fgsglobal.com

Categories: News

Tags: Energy offshore

Gimv welcomes Bart Troubleyn to lead Gimv Anchor

admin March 19, 2025

Following the recent official launch of Gimv Anchor, a collaboration between Gimv and WorxInvest to support Gimv’s growth ambitions, Gimv is pleased to announce the arrival of Bart Troubleyn as Head of Gimv Anchor. In that capacity, Bart will also become a member of Gimv’s Executive Committee.

Based on Gimv’s expertise and experience of building leading companies, Gimv Anchor wishes to embark on a long-term pathway for growth together with companies that have a promising compounding growth potential.

Last February, Gimv announced the incorporation of Gimv Anchor Investments through which Gimv and WorxInvest are joining forces around this long-term investment approach, as well as Cegeka as Gimv Anchor’s first investment.

Gimv is therefore pleased to announce that the Board of Directors has appointed Mr. Bart Troubleyn to head Gimv Anchor. As a Managing Partner, Bart will also become a member of Gimv’s Executive Committee. Bart will take on the role of Head of Anchor as of mid-April, working closely with all Managing Partners and teams of the Gimv platforms in terms of both deal sourcing and in further strengthening the active value creation across platforms.

Bart has a solid track record as CEO, COO, and business consultant working for and with both large global corporations and entrepreneurial family-owned businesses, including Sea Invest, Manuchar and Roland Berger. Bart gained extensive international experience across different continents.

Filip Dierckx, Chairman of the Board of Directors, and Koen Dejonckheere, CEO, jointly declare: “We are delighted to welcome Bart to lead Gimv Anchor. With a proven track record in general management, strategy, M&A, corporate restructuring and IT/digital transformation, Bart brings a wealth of experience to Gimv. We wish him lots of success and look forward to working together to further develop Gimv Anchor as a long-term growth driver for Gimv.”

Bart Troubleyn, Head of Gimv Anchor, adds: “It is an honor to take on the role of Head of Gimv Anchor and contribute to Gimv’s ambitious plans to accelerate growth and create value by building leading companies. I look forward to working with the Gimv Team in realizing the mission of Gimv Anchor: supporting companies with a promising long-term growth potential by providing them with capital, knowledge and experience to boost that further growth.”

Categories: News

Tags: Investments

Ratos divests airteam as part of its ongoing streamlining

admin March 18, 2025

Regulatory Information 2025-03-18

Ratos has entered into an agreement to divest airteam, one of the Nordic region’s leading suppliers of technical ventilation solutions, to Nalka Invest. The purchase price (equity value) amounts to approximately SEK 1,700m (for 100% of the shares in the company), corresponding to an EV/EBITA multiple of around 10x. The divestment pertains to Ratos’ entire holding in airteam, which amounts to 70% of the shares, and is another step in the previously announced streamlining of Ratos into a group focused on industrial and technological solutions.

“Today’s announcement is an important step in Ratos’ ongoing streamlining of the group, and the divestment is a natural step in the ongoing strategic review of the Construction & Services business area. airteam has performed well financially under Ratos’ ownership, but ventilation solutions are not part of Ratos’ core operations. I’m pleased that airteam gets a qualified and committed owner to support its continued journey, and that Ratos can continue to focus on technological development and industrial product solutions,” says Jonas Wiström, President and CEO of Ratos.

Since Ratos acquired airteam in 2016, the company’s sales have grown from SEK 768m to SEK 1 714m in 2024 while EBITA has increased from SEK 74m to SEK 160m.

Estimated financial impact on Ratos
Ratos will earn a capital gain of approximately SEK 390m on the sale and receive cash and cash equivalents of approximately SEK 1 200m. Final capital gain will be calculated on closing. Overall, this will give Ratos a stronger financial position, ensuring continued scope for value creation through investments and acquisitions in Ratos’ core operations.

The transaction is subject to customary regulatory approval and is expected to be completed in the second quarter of 2025.

For further information:
Katarina Grönwall, VP Communication
+46 70 300 35 38, katarina.gronwall@ratos.com
Christian Johansson Gebauer, President Business Area Construction & Services
+46 8 700 17 00
Jonas Wiström, President and CEO
+46 8 700 17 00

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 15 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales 2024. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

Categories: News

Tags: Industrie

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Ratos divests airteam as part of its ongoing streamlining