BPEA EQT Mid-Market Growth Acquires Majority Stake in HRBrain

Blackstone Growth Majority Investment in NetBrain Technologies

July 26, 2025

Cloud & SaaS

Blackstone Growth has closed a majority investment in NetBrain Technologies at a reported $750 million valuation, acquiring a controlling stake to accelerate the company's global expansion and AI-powered network automation roadmap. As part of the transaction NetBrain appointed Bernadette Nixon as CEO while founder Lingping Gao will move to chair the board.

BPEA EQT Mid‑Market Growth Acquires Majority Stake in Indium Software

December 22, 2023

IT Services

BPEA EQT Mid‑Market Growth has agreed to acquire a majority stake in Indium Software, a Chennai‑headquartered digital engineering company, from existing shareholders. The fund will partner with CEO Ram Sukumar and Indium's management to scale go‑to‑market efforts and expand next‑generation capabilities across AI, advanced analytics and digital engineering; the deal is expected to close in Q1 2024.

HSI Acquires Blue Ocean Brain

November 30, 2021

Education

HSI, a Frisco, Texas-based provider of EHS, compliance and professional development solutions (majority-owned by Waud Capital Partners), has acquired microlearning provider Blue Ocean Brain. The acquisition expands HSI's employee learning and professional development capabilities by adding Blue Ocean Brain's daily microlearning content and platform to HSI's integrated training and software offerings.

EQT Acquires Baring Private Equity Asia

March 16, 2022

Financial Services

EQT AB has agreed to acquire Baring Private Equity Asia (BPEA) in a €6.8bn transaction comprising 191.2m new EQT shares and ~€1.5bn–€1.6bn in cash, creating a scaled Pan-Asian active ownership platform rebranded as BPEA EQT Asia. The combination brings BPEA's private equity and real estate capabilities into EQT's global platform, with BPEA CEO Jean Eric Salata to lead the combined Asian business.

Centerbridge Acquires Majority Stake in AHEAD; Berkshire Partners Takes Minority

September 1, 2020

Cloud & SaaS

Funds advised by Centerbridge Partners will acquire a majority stake in AHEAD, the Chicago-based enterprise cloud solutions and professional services provider, while Berkshire Partners will purchase a minority stake and AHEAD management will retain a significant ownership position. The transaction, which Court Square Capital Partners is exiting, is intended to accelerate AHEAD's expansion of digital solutions, services and geographic reach to support further growth in intelligent operations and cloud-native application development.

BPEA Fund VIII‑backed APAC HR Tech (EQT) makes growth investment in Fitness Passport

May 3, 2024

Healthcare Services

BPEA Fund VIII has capitalised APAC HR Tech Pty Ltd — an APAC‑focused HR technology investment vehicle — which has made an initial growth investment in Fitness Passport, supporting the management team, founders and existing shareholder The Growth Fund. The investment is intended to help build an interconnected HR tech and workplace wellbeing offering across the Asia‑Pacific region.