NEW YORK, April 20, 2026 /PRNewswire/ — Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), a global alternative investment firm, today announced the closing of a single-asset continuation vehicle for Subsea Communications (“SubCom” or the “Company”), a critical digital infrastructure company and a leading global supplier of turnkey subsea fiber optic cable systems. The continuation vehicle secured approximately $2.3 billion in commitments and was led by CVC Secondary Partners (“CVC SP”).

In connection with the continuation vehicle, Cerberus-managed funds, including funds associated with the firm’s dedicated Supply Chain strategy, made an additional investment in SubCom and Cerberus funds will continue to own a controlling stake in the Company. The new investment, alongside the continuation vehicle, extends Cerberus’ partnership with SubCom and supports the Company’s continued expansion to meet the growing demand for subsea connectivity infrastructure.

Since Cerberus carved out SubCom from TE Connectivity in 2018, the Company has advanced its market leadership position and achieved significant growth. SubCom is the only U.S.-based provider of subsea cable systems and differentiated by its scale and vertically integrated operating platform spanning engineering and planning, manufacturing, marine installation, and maintenance.

Today, subsea cables underpin approximately 99% of intercontinental data traffic and are foundational to the global digital economy. Demand for these systems is accelerating rapidly, driven by the growth of cloud computing, AI, and next-generation connectivity. SubCom’s end-to-end capabilities, global scale, and operational experience position the Company as a key partner in enabling the next era of global data consumption and connectivity.

“SubCom holds a mission-critical role in the infrastructure that connects the world,” said Mike Sanford, Cerberus Global Head of Private Equity and Co-Head of Supply Chain. “Its integrated platform, global capabilities, and operational excellence set it apart in the industry, and we have been proud to partner in SubCom’s strong growth led by Dave Coughlan and his team. We believe SubCom will remain central to building and sustaining the infrastructure behind an increasingly data-driven world, and this milestone reflects that conviction.”

Pat Moriarty, Cerberus Supply Chain Managing Director, added, “SubCom’s management team, alongside Cerberus, have led the Company to new heights over the past seven years. As a global industry leader and the only U.S.-headquartered provider of subsea cable systems, SubCom’s growth opportunities continue to be robust. Our continued partnership through this new investment exemplifies our Supply Chain strategy’s focus on advancing the security and resilience of the U.S. and its allies.”

“SubCom is a trusted global partner for critical digital infrastructure, and the need for what we do has never been greater,” commented Dave Coughlan, Chief Executive Officer of SubCom. “With Cerberus’ continued partnership, we are strategically investing in our platform to meet that global demand at scale. We remain deeply committed to delivering the quality and reliability our customers around the world have depended on for decades in our next chapter of growth.”

“SubCom is a high-quality, mission-critical business at the center of global digital infrastructure, and we are pleased to support its continued growth,” said Rikesh Mohandoss, Partner at CVC Secondary Partners. “This transaction reflects our conviction in SubCom’s market leadership and long-term tailwinds, and we look forward to partnering with Cerberus and management to help drive the Company’s next phase of expansion.”

Evercore, Inc. served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Cerberus in connection with the continuation vehicle.

About Cerberus

Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, real estate, and private equity strategies. Through its dedicated Supply Chain strategy, Cerberus seeks to advance the interests of the United States and allied partners in domains critical to the future. For more information, visit  www.cerberus-supplychain.com.

About SubCom

SubCom engineers, manufactures, and installs subsea fiber optic data cables – the unsung heroes of global communication. With an unrelenting focus on quality, reliability, and value, SubCom offers flexible end-to-end building blocks for the high-tech networks that are the backbone of the world’s digital infrastructure. While the company’s origins date back to the mid-19th century, SubCom has deployed enough cable to circle the equator more than 25 times since its entry into the communications industry in 1955. For more information, visit www.subcom.com.

About CVC Secondary Partners

CVC Secondary Partners is a private equity firm focused on secondary private markets globally. Established in 2017 as a spin-off from a leading banking institution, the firm currently manages AUM of $20 billion across funds backed by leading institutional and private investors worldwide. Since 2022, CVC Secondary Partners has been part of leading global private markets manager CVC, having entered into a merger and strategic partnership to enhance combined capabilities and accelerate the development of its platforms. For more information, please visit: www.cvc.com/strategies/secondaries/

Media Contacts

Cerberus
Jason Ghassemi
media@cerberus.com

SubCom
Courtney McDaniel
info@subcom.com

CVC Secondary Partners
Nick Board
nboard@cvc.com

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SOURCE Cerberus Capital Management, L.P.

Member-owned cooperative serving 630+ retailers across New England advances field operations with mobile task management platform

BOSTON, April 20, 2026 /PRNewswire/ — GoSpotCheck by FORM, a leading provider of mobile task management and retail execution solutions, today announced that Associated Grocers of New England (AGNE), a Pembroke, New Hampshire-based retailer cooperative founded in 1946 and serving more than 630 independently owned supermarkets across the Northeast, will deploy GoSpotCheck’s mobile task management platform. The AGNE partnership follows GoSpotCheck’s recent deployment with Associated Food Stores, marking continued momentum as the platform becomes the field execution solution of choice for grocery cooperatives across the country. The implementation will equip AGNE’s field and member service teams with real-time shelf intelligence, merchandising visibility, and task management capabilities across its expansive cooperative network.

AGNE will leverage GoSpotCheck’s mobile platform to capture account manager and department head store visit data in real time, providing merchandising visibility, and task management capabilities across its expansive cooperative network. The deployment will provide critical visibility and insights to AGNE’s marketing, retail services, and category management teams — enabling faster decision-making and more consistent merchandising execution across its network of member retailers spanning all six New England states.

With roots tracing back to 1946, when 21 independent food retailers pooled resources to compete with growing supermarket chains, AGNE has grown to become one of the region’s most respected grocery cooperatives. Today, the organization supports more than 1,044 team members, operates a state-of-the-art 484,000 square-foot distribution center in Pembroke, NH, and provides wholesale grocery distribution along with a broad suite of retailer services designed to help independent grocers compete and thrive.

“At AGNE, our mission has always been to give our independent grocers the tools and support they need to succeed in this competitive market. GoSpotCheck gives our field teams a smarter, faster way to capture what’s happening at the shelf and act on it. That kind of real-time visibility helps us serve our members more effectively, and ultimately helps them win in their local markets.”

— Eric Aguiar, Vice President of Sales, Associated Grocers of New England

“Independent grocers are the backbone of their communities, and cooperatives like AGNE play a vital role in helping them compete at scale,” says Jamie Oschefski, Senior Sales Director at FORM. “We’re proud to partner with an organization that shares our belief that better data from the field drives better outcomes for everyone, from cooperative leadership to the store shelf.”

GoSpotCheck by FORM provides AGNE’s field teams with a mobile-first platform to guide store visits, streamline data collection, manage tasks, and surface actionable insights back to cooperative leadership. The platform’s image recognition capabilities offer an added layer of in-store execution intelligence, including augmented reality tools for perishable department compliance — one of the most complex and high-stakes areas for grocery retailers.

About Associated Grocers of New England

Founded in 1946 and headquartered in Pembroke, New Hampshire, Associated Grocers of New England (AGNE) is a member-owned wholesale grocery cooperative serving more than 630 independent retailers across all six New England states. With over 1,044 team members and a 484,000 square-foot distribution facility, AGNE provides its member retailers with wholesale distribution, exclusive brand programs, retail technology, marketing support, and more — all in service of helping independent grocers compete and grow. Learn more at agne.com.

About FORM

FORM powers the world’s 2 billion mobile workers as they change companies and industries for good, with mobile technology that improves execution from the frontline. FORM activates and connects teams in the field — with leaders, missions, and each other — so they can deliver success in the enterprise. The FORM field execution platform serves as a digital assistant for frontline teams by guiding daily tasks, streamlining data collection, facilitating real-time communication, and providing leaders with real-time intelligence to drive faster actions and better decisions. Learn more at form.com.

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SOURCE FORM

Industry sales veteran joins leading tech-forward administrator to drive continued growth

NEW YORK, April 20, 2026 /PRNewswire/ — Opus Fund Services, a leading global fund administrator, today announced Lindsay Muldoon has joined the company as Head of Sales, Americas. Reporting to Opus CEO Robin Bedford, Ms. Muldoon will be based in Opus’ New York City office and be responsible for leading the firm’s regional growth strategy while overseeing new client acquisition, partner relationships, and go-to-market initiatives.

Ms. Muldoon brings over 20 years of industry experience within global fund administration, operational outsourcing, and custody solutions for both hedge fund and private equity managers.

Prior to Opus, Ms. Muldoon was Senior Vice President, Global Fund Services at Northern Trust, within the Corporate & Institutional Services North America division and focused on new business development for Northern Trust Hedge Fund Services. Previously she held a client relationship management role at Omnium LLC, a division of Citadel Investment Group, after starting her career at Goldman Sachs & Co. within their Equities Division.

“We’re excited to welcome Lindsay to Opus at this time of accelerating momentum and significant investment across the U.S. and wider region,” said Robin Bedford, CEO of Opus Fund Services. “Lindsay brings an exceptional combination of commercial acumen, long-standing industry relationships, and a proven ability to drive organic growth. Lindsay will be instrumental as Opus continues to strengthen our presence and expand our services across North America.”

“I’m thrilled to be joining the Opus Fund Services team,” said Muldoon. “Opus has a reputation for delivering world-class client service and innovative technology solutions to alternative investment managers of all strategies. I’m excited to get to work as part of an industry-leading team and help lead the charge as Opus realizes its next phase of ambitious growth.”

About Opus Fund Services

Opus Fund Services is an award-winning independent global fund administrator currently servicing over 625+ alternative investment managers of all strategies, 1,200+ funds, and 100,000+ investors worldwide. Opus pioneered the use of intelligent automations to solve for industry challenges and operational risks that traditional administration could not. Opus’ industry-first Digital Back Office has transformed the available levels of controls, scale, and transparency available to support and protect fund managers and investors. For further information see www.opusfundservices.com or contact one of our offices.

Media Contact: Leo LaForce, Opus Fund Services: llaforce@opusfundservices.com

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SOURCE Opus Fund Services