- Add-on: Juuri Partners supports the merger of Aico and Mercur Solutions, creating a new financial closing and performance management platform.
- Acquisition: Eurazeo enters exclusive negotiations to acquire a majority stake in Mapal Software, a hospitality and catering management software provider.
- Fundraising: Blackstone announces the final closing of Blackstone Energy Transition Partners IV at $5.6 billion, supporting the transition to cleaner energy solutions.
- Exit: CBPE Capital sells its majority stake in Centralis Group, a financial services provider, to HGGC.
Juuri Partners
Add-on: Financial Closing Management Platform Aico and Mercur Solutions Merge
Backed by Juuri Partners, Aico (€6 million of revenue in 2023, Uusimaa / FIN), a financial closing platform dedicated to medium-sized and large companies offering solutions for automating financial closing processes, such as management of closing tasks, journal entry, account reconciliation, intercompany invoicing, manual payments and financial requests, merges with Mercur Solutions (South East / ENG), a provider of software solutions for performance management, operations planning, budgeting, analysis and reporting for businesses. This merger will create a platform that aims to streamline financial operations, improve accuracy, increase visibility and support strategic decision-making by CFOs and their teams. It will also extend the geographic reach of both companies, particularly in the Nordic countries, the UK, Ireland, Benelux and the DACH region. The combined company will be headed by Ulf Alkelin, CEO of Mercur Solutions. Note that Mercur Solutions is owned by Accel-KKR and backed by Sobro.
Juuri Partners, press release
Eurazeo
Acquisition: Eurazeo in Exclusive Negotiations to Acquire Software Developer Mapal
Eurazeo announces that it has entered into exclusive negotiations to acquire a majority stake in Mapal Software (Community of Madrid / ESP), a company that develops and provides management software solutions for the hospitality and catering industry to digitize traditional processes and streamline the operations of restaurants, bars, catering services and hotels in order to optimize their work, improve their productivity, the quality of their customer service and the satisfaction of their staff. Eurazeo negociates the acquisition with PSG Equity, which will remain a minority shareholder following the transaction. Through this transaction, Eurazeo will play a key role in Mapal’s strategic development, leveraging its portfolio management expertise to support the company’s international expansion.
Eurazeo, press release
Blackstone
Fundraising: Blackstone Announces Final Closing of Blackstone Energy Transition Partners IV at $5.6 Billion
Blackstone announces the final closing of Blackstone Energy Transition Partners IV (BETP IV) at its hard cap of $5.6 billion, exceeding the size of its predecessor by 33%. Managed by Blackstone Energy Transition Partners (BTPE), Blackstone’s energy-focused private equity division, BETP IV supports companies that are driving the transition to cleaner, more reliable energy solutions. For example, BTPE has invested in Energy Exemplar (South Australia / AUS), a company specializing in optimization-based energy market simulation software technology for electricity, gas and water systems; Sediver (€219 million of revenue in 2023, Île-de-France / FRA), a company specializing in the research, design and manufacture of glass insulators for medium and high-voltage lines, distribution and railroads; Westwood Professional Services (Minnesota / USA), an engineering company providing architectural, surveying, engineering, planning and environmental consulting services specializing in wind energy, solar energy, energy storage, power supply, electric vehicle charging infrastructure, commercial, institutional, residential and public infrastructure projects.
Blackstone, press release
CBPE Capital
Exit: CBPE Sells Outsourced Financial Services Provider Centralis Group
CBPE sells its majority stake held since 2019 in Centralis Group (Luxembourg District / LUX), a provider of outsourced financial services, private debt and credit fund management, fund governance and regulatory expertise, administration, accounting and compliance services for private equity managers, as well as real estate services for special purpose vehicles and real estate investment funds. CBPE gives way to HGGC, which, with its private equity expertise and ability to develop businesses operating in the alternative asset services sector, is the partner of choice to support Centralis in its next phase of growth.
CBPE, press release