Barings Supports Balaena’s Acquisition of APCL Group

Barings, one of the world's leading alternative investment managers, today announced that its Capital Solutions platform has provided financing to support Balaena's acquisition of APCL Group.

APCL Group is a UK-based operator of critical hard infrastructure assets, serving key end-markets including defence and industrial sectors.

This transaction underscores Barings continued focus on backing high-quality assets and experienced management teams through tailored financing solutions.

The financing was provided jointly by Barings and a co-lender.

"We are pleased to partner with Balaena and the APCL management team," said Tom Kilpatrick, Managing Director, Capital Solutions & Private Finance at Barings. "This investment represents a compelling opportunity to back a proven operator of critical hard infrastructure assets in the UK, and we look forward to supporting its next phase of growth."

About Barings
Barings is a $481 billion* global alternative asset manager that partners with institutional, insurance and wealth clients and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual with a minority investment from MS&AD, seeks to deliver excess returns by leveraging its global scale and capabilities across credit, real assets, capital solutions and emerging markets.

*As of March 31, 2026

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