Partnership to drive significant growth and global expansion as company propels into the next phase of growth

MUMBAI – September 17, 2024 – Bain Capital, a leading global private investment firm, today announced a strategic partnership with RSB Transmissions (“RSB”), a premier global manufacturer of automotive, construction, and off highway equipment systems and aggregates. Together with RSB’s founders and management team, Bain Capital will provide the resources and global automotive expertise to unlock significant organic growth, pursue strategic M&A opportunities, and further establish the company as a global, diversified platform.

Founded in 1973 by R.K. and S.K. Behera, RSB specializes in the design and manufacturing of components for commercial vehicles, passenger cars, construction and off highway equipment. The company has expanded to 16 state-of-the-art manufacturing facilities across India, including locations in Jamshedpur, Pune, Dharwad, Chennai, as well as an international site in Mexico. With cutting-edge facilities and the latest IT infrastructure, RSB is recognized for its top-tier manufacturing capabilities, strategic customer relationships, and commitment to quality, which enables it to serve as a supplier of choice to global Original Equipment Manufacturers (OEMs).

“RSB is on the brink of a significant milestone as we celebrate 50 years of successful operations. From humble beginnings with just fifteen employees in Jamshedpur, this momentous occasion prompts us to reflect on our journey and look towards the future. We’ve established a strong foundation and see significant opportunity to expand and diversify in this next stage of growth,” said R.K. Behera. “Over the past eighteen months, we’ve had the pleasure of establishing a deep relationship with the Bain Capital team and have aligned on a joint vision for the future of RSB. We believe they are the right partner, with deep integrity and strategic capabilities, to help RSB 2.0 succeed and leverage growth opportunities on a global scale,” added S.K. Behera.

“For over five decades, Shri R.K. Behera and S.K. Behera have built RSB into a truly differentiated, high-quality company at the forefront of the global automotive engineering industry. RSB’s strong culture, relentless focus on high quality engineering, long-term customer relationships, impressive track record, and robust global footprint make it an extraordinary company,” said Pawan Singh, Partner at Bain Capital. “We believe the auto components industry and the company are at an inflection point. We are collaborating closely with the Behera family and are committed to building a larger, more diversified platform,” added Rishi Mandawat, Partner at Bain Capital.

The transaction is subject to receipt of necessary approvals from all relevant authorities.

Bain Capital’s investment was made through its Private Equity team, which has significant scale and experience supporting the growth of founder-led and global industrial companies based in India. Since establishing its Mumbai office in 2008, Bain Capital has built one of the largest private equity teams in India with notable investments including Hero MotoCorp, Porus Labs, J.M. Baxi, and Quest Global.
Axis Capital, KPMG, Kirkland and Ellis, Khaitan & Co, McKinsey, ERM and Alvarez and Marsal served as advisors to Bain Capital.

About Bain Capital
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate, life sciences, insurance, and other strategic areas of focus. The firm has offices on four continents, more than 1,750 employees and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com.

About RSB 
RSB Transmissions is a distinguished company under the ownership of the Behera family. As a rapidly expanding global engineering enterprise, RSB excels in a broad spectrum of business pursuits, extending from the design to manufacturing of aggregates and systems tailored for commercial vehicles, passenger cars, as well as construction and farm equipment. RSB was founded in 1973 as exclusive manufacturer for Tata Motors Limited in Jamshedpur. It is a Tier-1 auto comps player focused on Propeller Shafts, Axle & other automotive components.
RSB has long-standing relationships with key customers and strong manufacturing and design capabilities. We have 16 plants located across 8 states and an international plant in Mexico, to export components to Tier-1s in the US.

Investment will support the company’s rapid growth into a national fire and life safety provider

Altus Fire & Life Safety (“Altus” or the “Company”), a leading provider of regulation-mandated fire and life safety services in the Northeastern region of the USA, today announced that it has received a strategic investment from funds advised by Apax Partners LLP (“Apax”), a global private equity advisory firm. Financial terms of the transaction with AE Industrial Partners, a leading private equity firm specializing in national security, aerospace, and industrial services, were not disclosed.

Founded in 1993 and headquartered in New York, Altus offers state-of-the-art fire and life safety services and solutions, such as testing and inspection, service and repair, drills and training, monitoring, upgrade, and installation services across product categories including fire alarm, sprinkler, and security systems. Over the past few years, the Company has grown rapidly both organically and via strategic M&A, adding new service lines and geographies.

John Adams, CEO, Altus Fire & Life Safety said: “The acquisition of Altus by the Apax Funds represents a unique and exciting opportunity for the future of our organization and our employees. Apax brings a wealth of experience and resources which are designed to further enable our rapid growth and scale into one of the nation’s leading providers of fire and life safety services. We are very thankful for the partnership with AE Industrial Partners over the past few years, and we believe this new chapter gives us the ability to fully execute on the vision which was the catalyst of Altus’ inception.”

Altus benefits from a strong reputation in the market and established relationships with strategic partners. Altus operates in a recession resilient and growing market and the Company has consistently delivered robust top-line performance. Given the large addressable market, Altus is well placed to continue to grow both organically and via strategic M&A.

Nedu Ottih, Partner at Apax, commented: “We’re excited to partner with John and the team at Altus to significantly scale the business. We see an opportunity to invest more in new products and services, and sales and marketing efforts to support the Company’s continued growth and geographic expansion.”

Ashish Karandikar, Partner at Apax, said: “We have been tracking the fire and life safety space for several years and have been very impressed by Altus’ growth journey to date. We are thrilled to collaborate with John and the entire Altus team as we support the Company in this next growth phase, solidifying its leading position in the fire and life safety services industry.”

Charlie Santos-Buch, Partner at AE Industrial Partners, said: “It has been very gratifying to work alongside the team at Altus as we have built the business together, taking it through a rebranding and establishing it as a well-integrated leader in the sector. We wish them continued success as they move onto their next stage of growth.”

Austen Dixon, Vice President at AE Industrial Partners, added: “When we acquired Altus in 2021, our vision was to create a leading, innovative brand in the fire and life safety sector, while expanding the Company’s footprint. We are proud of the work we have done to drive revenue, streamline operational functions, capitalize on synergies and realign the sales strategy to drive profitability and scalability.”

Altus was advised by Lincoln International. Apax was advised by William Blair and Solomon Partners.

Anders Invest has acquired screw pump manufacturer Spaans Babcock from Balk. The company has an annual turnover of €20 to €25 million and employs over 100 people.

Spaans Babcock engineers, produces, builds and installs screw pumps, screw generators, grids and aeration for wastewater treatment plants, pumping stations and hydroelectric power plants. The company is over 125 years old and was founded in 1897 by the Spaans family. In 1974, the company became part of the FKI Group Ltd., which also had a Babcock company in its group, and the current company name was created. In 1995, the company was acquired by the Alpha Group International.

The company realises the majority of its turnover with screw pumps, aerators and hydro turbines, in which niche the company is the global market leader. A large production location is located in Balk where the screw pumps are produced using CNC-controlled machines and welding robots. The screw pump distinguishes itself from other pumping techniques because of its capacity, lifespan, insensitivity to contaminated liquids and energy efficiency. In addition, the screw is fish-friendly and maintains the biological balance in purification plants because the pump has no destructive effect on the composition of the liquid. In addition to the branch in Balk, there are branches in England and Canada/United States.

The end customers are generally (waste) water purification companies, water boards (for example polder pumping stations) and companies active in the construction or operation of sewage treatment. With its own sales offices in England (Heywood) and Canada (Ontario), Spaans Babcock supplies its products worldwide.

The shares in Spaans Babcock were acquired from Alpha Group International.  The Alpha Group is an investment vehicle of Mr. Nolst Trenité and Mr. Eijt. Mr. Eijt is general manager at Spaans Babcock and will remain as general manager and shareholder.

Anders Invest has acquired a minority stake in HTC Group from Waddinxveen. HTC is the Dutch market leader in speed gates and employs over 80 people.
HTC is known for its high-quality products and innovative custom solutions. For example, the company has introduced mobile speed gates for temporary applications and produces speed gates with safety standards up to and including RC5. HTC has developed a product-as-a-service model and is investing in sustainability by developing the circular speed gate.
The company’s head office is located in Waddinxveen, where the production and assembly of the speed gates also takes place. From this location, the company carries out service and maintenance work with a nationwide network. HTC has its own engineering branch for the development of its products. Sales take place from the Netherlands and through a dealer network in Europe. Its customers are parking managers, government institutions, installers and homeowners’ associations.
The shares in HTC were acquired from Peter Thun. In addition to Anders Invest, operational director Robert-Jan Karsman has joined as a shareholder. Peter will remain as general manager and majority shareholder.

Lawrenceville, Georgia, August 20, 2024 – SuperHero Fire Protection, LLC (“SuperHero”), a Hidden Harbor Capital Partners
(“HHCP”) portfolio company that provides Fire, Life & Safety installation and services, today announced the purchase of ABR Fire
Protection, LLC (“ABR”), strengthening its geographic footprint in Georgia and increasing its revenue from recurring inspection,
service, and maintenance work.

Headquartered in Buford, Georgia, ABR is a provider of Fire, Life & Safety services to commercial customers with a focus on
inspection, service, and maintenance work. ABR specializes in inspecting, repairing, and upgrading fire sprinklers and other hazard
detection systems.

"We are thrilled about the chance to join forces with ABR and enhance our footprint in the Georgia market. ABR's strong customer
relationships, forged through years of outstanding service, will play a key role in driving the continued growth of our platform," said
Josh Stephens, CEO of SuperHero.

"The ABR team is excited to partner with SuperHero, as they will support our growth while ensuring we continue to deliver
outstanding service to our customers," said Clay Knowles, President of ABR.
Kilpatrick Townsend & Stockton LLP served as legal advisor to HHCP. Powell Firm, P.C. served as legal advisor to ABR.

About SuperHero Fire Protection, LLC
Based in Lawrenceville, Georgia, SuperHero is a provider of Fire, Life & Safety inspection, service, maintenance, and installation to
commercial end markets, with a strong focus on the southeastern United States. For more information, visit
https://superherofireprotection.com/.

About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on
execution. We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed
when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently has assets under
management of more than $1.9 billion and is investing out of its second fund, a $450 million vehicle. To learn more, visit www.hh-
cp.com and our page on LinkedIn.

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Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com

NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds associated with its Clean Transition Equity strategy, together with strategic minority co-investor Rettig Oy Ab (“Rettig”), have through the special purpose vehicle Project Grand Bidco (UK) Limited completed the previously announced acquisition of a 94.53% equity ownership stake in Purmo Group Plc, a leader in sustainable indoor-climate solutions. Apollo funds and Rettig will look to acquire the remaining outstanding shares through Project Grand Bidco (UK) Limited and delist Purmo Group from the Nasdaq Helsinki Stock Exchange in the near future, resulting in Apollo funds owning 80% and Rettig 20% of Purmo Group.

After delisting, as a privately owned business led by Chief Executive Officer John Peter Leesi and the current management team, Purmo Group will continue to design, manufacture and distribute high quality products and solutions to over 100,000 customers in more than 100 countries.

Apollo Partner Waleed Elgohary said, “We are thrilled to partner with Rettig, John Peter and the talented Purmo team to build on their leadership in sustainable indoor climate solutions. We look forward to supporting the management team to unlock Purmo Group’s growth potential and play an increasingly meaningful role in helping to facilitate the clean energy transition.”

Purmo Group CEO John Peter Leesi said, “The completion of this transaction marks a significant milestone in Purmo Group’s journey, providing additional resources, expertise and a longer investment horizon that’s really required to accelerate our ambitious growth strategy in Europe and beyond. We are excited to leverage the experience and support of the Apollo and Rettig teams in this next chapter of our global sustainability journey.”

Matts Rosenberg, CEO of Rettig, said, “This transaction is aligned with our stated strategic ambition of reducing our ownership in Purmo Group, while also enabling us to continue supporting the company and Apollo funds as a strategic minority shareholder by providing insights and institutional knowledge gathered throughout our more than 50 years of ownership. We firmly believe that this transaction is attractive and beneficial for Purmo Group and all of its stakeholders.”

“This exciting acquisition builds on more than $40 billion of energy transition and sustainability-related investments that Apollo funds have made across our global platform in the last five years. We believe private capital is and will continue to play a key role in facilitating the energy transition and supporting businesses in their decarbonization journeys,” added Apollo’s Olivia Wassenaar, Partner and Head of Sustainability and Infrastructure.”ⁱ

Apollo’s dedicated Clean Transition equity team is part of Apollo’s Sustainable Investing Group. The Clean Transition strategy focuses on opportunities across energy transition, sustainable mobility, industrial decarbonization, and sustainable resource use.

Pursuant to the terms of the transaction previously announced, Purmo Group’s shareholders, other than Rettig, are entitled to receive €11.06 in cash for each C share of Purmo Group (including F shares eligible for conversion into C shares), whereas the price paid to Rettig is €10.53 for each of its C shares. The price paid for each F share ineligible for conversion into C shares is €6.75. Prior to the transaction, Rettig was the majority shareholder in Purmo Group.

Advium Corporate Finance Ltd., Jefferies International Limited, J.P. Morgan Securities plc, Nordea Bank Abp and RBC Europe Limited served as financial advisers, and Sidley Austin LLP, Roschier, Attorneys Ltd., Avance Attorneys Ltd., Latham & Watkins LLP and Norton Rose Fulbright served as legal advisers to Apollo funds and the investor group. Danske Bank served as financial adviser and Castrén & Snellman Attorneys Ltd and Hannes Snellman Attorneys Ltd provided legal advice to Purmo Group.

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ⁱAs of June 30, 2024. Deployment commensurate with Apollo’s proprietary Climate and Transition Investment Framework, which provides guidelines and metrics with respect to the definition of a climate or transition investment. Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) total facility size for Apollo originated debt, warehouse facilities, or fund financings; (ii) purchase price on the settlement date for private non-traded debt; (iii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iv) total capital organized on the settlement date for syndicated debt; and (v) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.

About Purmo Group
Purmo Group is at the centre of the global sustainability journey by offering full solutions and sustainable ways of heating and cooling homes to mitigate global warming. Purmo Group provides complete heating and cooling solutions to residential and non-residential buildings, including underfloor heating and cooling systems, a broad range of radiators, heat pumps, flow control and hydronic distribution systems, as well as smart products. Purmo Group’s mission is to be the global leader in sustainable indoor climate comfort solutions. Purmo Group’s more than 3,000 employees operate in 23 countries, manufacturing and distributing top-quality products and solutions to its over 100,000 customers in more than 100 countries.

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 to private equity with a focus on three investing strategies: yield, hybrid, and 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 June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.

About Rettig
Rettig is a family-owned investment company that creates value for generations. Our investment strategy focuses on both listed and private investments globally, and sets out to generate attractive over-the-cycle returns while maintaining an appropriate risk level in the portfolio. A cornerstone in our investment strategy is the ambition to cooperate with professional and like-minded partners and co-investors. Rettig is controlled by the 9th generation of the von Rettig family.

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 / EuropeanMedia@apollo.com

Katariina Kataja (on behalf of Purmo Group)
Head of Investor Relations
+358 40 527 1427
katariina.kataja@Purmogroup.com

New York/London/Luxembourg, August 5, 2024 – Minova, an AURELIUS Private Equity portfolio company, has acquired Itabolt in Brazil, a family-owned manufacturer of special roof support bolts for underground mining founded in 1970. The acquisition further strengthens Minova’s presence in Latin America and will allow the company to expand its share of emerging global metals markets in Brazil, Peru, Colombia and Chile.

Itabolt offers an almost complete high-quality product portfolio, a large area for expansion on its site, and a strong reputation in the local market. The ability of its engineers to develop bespoke products according to customers’ requirements will complement Minova´s offering and provide a competitive advantage in the regional market.

“The acquisition of Itabolt not only allows us to strengthen our activities in the important Latin American market with a local production footprint, but also significantly enhances our capabilities within the Metals segment. Supported by AURELIUS, we aim to further expand in the region and look forward to welcoming Itabolt into the Minova family”, commented Ryan Kerr, CEO of Minova.

Since being backed by AURELIUS, Minova has grown and expanded, successfully integrating the Spain-based steel ground support manufacturing company Bulteck in 2023. With the support of AURELIUS Operations Advisory, the company continues to focus on the Metals, Non-Metals and Infrastructure segments.

“Minova is on an exciting growth trajectory. Itabolt marks the first add-on acquisition in Latin America, and together with Minova´s existing sales offices in Chile & Mexico this will accelerate the expansion in the region. The recent opening of an AURELIUS office in New York means that expertise located in the Americas is available if needed. Going forward, Minova will continue its efforts to assess further M&A potential”, commented Andrzej Cebrat, Managing Director at AURELIUS European Opportunities IV.