Private Equity

KKR Signs Strategic Partnership With Energy Service Provider EGC

By Amit Chowdhry ● Mar 1, 2025

Global investment firm KKR announced that it has signed agreements to enter into a strategic partnership with EGC, an energy service provider based in Düsseldorf, Germany. The engineering service provider ITG is also part of this group.

KKR Buys Controlling Stake In Healthcare Global Enterprises For $400 Million

By Amit Chowdhry ● Mar 1, 2025

Global investment firm KKR and Healthcare Global Enterprises, a leading healthcare organization in India, announced the signing of definitive agreements with CVC, a global private markets manager. Under these agreements, funds managed by KKR will become the largest shareholder in HCG and assume sole control of HCG’s operations. Dr. BS Ajaikumar, founder of HCG, will take on the role of non-executive chairman and focus on driving clinical, academic, research, and development excellence.

VSE Corporation To Sell Fleet Segment In $230 Million Deal

By Amit Chowdhry ● Mar 1, 2025

VSE, a leading provider of aftermarket distribution and repair services, announced that the company has entered into a definitive agreement to sell its Fleet business segment, Wheeler Fleet Solutions, to One Equity Partners (OEP) for up to $230 million in total consideration.

Shore Capital Partners Signs Partnership With TCG Services

By Amit Chowdhry ● Mar 1, 2025

Shore Capital Partners announced a partnership with TCG Services, an asset-lite provider of facility management services based in El Dorado, Kansas.

Align Partnering With Engineering Services Firm AKS

By Amit Chowdhry ● Mar 1, 2025

Align Capital Partners (ACP) announced that it completed the recapitalization of AKS Engineering. This multidisciplinary consulting firm provides civil engineering, surveying, natural resources, permitting, planning, and design services to various private and public clients throughout the Pacific Northwest. Established in 1996, the company has 350+ employees and is based in Tualatin, Oregon, with six additional locations across Oregon and Washington.

TSG Consumer Partners: Beth Pickens Named As Head Of London Office

By Amit Chowdhry ● Mar 1, 2025

TSG Consumer Partners, a leading specialist private equity firm focused exclusively on the consumer sector, announced it has appointed Managing Director Beth Pickens as Head of its London office. In the role as Head of London, Beth will lead the team in originating new investment opportunities, structuring transactions, and managing partner companies in Europe.

Greenfield Partners: $400 Million In Capital Commitments Closed

By Amit Chowdhry ● Mar 1, 2025

Global early growth investor Greenfield Partners announced that it has closed $400 million in capital commitments, adding leading institutional investors from the U.S., Europe, and Asia-Pacific. These new funds bring Greenfield’s total assets under management (AUM) to above $1 billion and will be deployed primarily through the firm’s Fund III, dedicated to investing in exceptional enterprise-focused early growth technology companies.

AE Industrial Launches Commercial HVAC Services Platform Through United Building Solutions Investment

By Amit Chowdhry ● Mar 1, 2025

AE Industrial Partners, a private equity firm specializing in National Security, Aerospace, and Industrial Services, announced that it has partnered with United Building Solutions (UBS), a leading provider of heating, ventilation, and air conditioning (HVAC) services in the Northeast U.S., to create a comprehensive platform dedicated to complex HVAC services for commercial buildings.

KKR Increasing Stake In Enilive

By Amit Chowdhry ● Mar 1, 2025

KKR announced that the firm has signed an agreement to acquire an additional 5% stake in Enilive from Eni for a consideration of €587.5 million, taking the total holding in Enilive to 30%.

Grovecourt Capital Partners: Acquisition Of Intraoperative MRI Solutions Company IMRIS

By Amit Chowdhry ● Mar 1, 2025

Grovecourt Capital Partners, a private equity firm based in West Palm Beach, Florida, announced the acquisition of IMRIS Imaging, the global leader in intraoperative MRI solutions. The financial terms of the deal were not disclosed.

Stellex Capital Management: Jason LaDuke Named As Head Of Portfolio Operations

By Amit Chowdhry ● Mar 1, 2025

Stellex Capital Management, a middle-market private equity firm, is pleased to announce that Jason LaDuke has joined the firm as Head of Portfolio Operations. LaDuke has experience leading complex turnarounds and optimizing operations for middle-market investments.

Fort Point Capital: Andrew Les Joins As VP For Investment Team

By Amit Chowdhry ● Mar 1, 2025

Fort Point Capital - a Boston-based private equity firm focused on investing in service-oriented companies in the lower middle market - announced that Andrew Les joined as a Vice President on the firm’s investment team. And Andrew will focus on supporting portfolio companies and executing new investments in the business-to-business services sector.

Electro Rent Selling Intellirent Division To Sandbrook Capital

By Amit Chowdhry ● Mar 1, 2025

Platinum Equity portfolio company Electro Rent announced the signing of a definitive agreement to sell the intellirent division to Sandbrook Capital. Intellirent offers electrical test and measurement (T&M) equipment, primarily serving the power generation and distribution, data center, and renewable energy industries.

San Francisco Equity Partners Buying Majority Stake In Formula Corp

By Amit Chowdhry ● Mar 1, 2025

San Francisco Equity Partners (SFEP), a private equity firm focused on partnering with expansion-stage companies across the consumer value chain, announced that it has acquired a majority stake in Formula Corp, a leading formulator and contract manufacturer of cleaning products. The terms of the deal were not disclosed. Formula Corp co-founders Chas Werner and Alan Gangl will continue to be shareholders of the company.

White Oak Closes New Multicurrency Credit Facility Of Up To $125 Million From Wells Fargo

By Amit Chowdhry ● Feb 27, 2025

White Oak Commercial Finance (WOCF) and White Oak Europe (WOE), affiliates of White Oak Global Advisors announced the closing of a new multicurrency credit facility of up to $125 million from Wells Fargo. This new facility will allow WOCF and WOE to finance UK- and Irish-based sponsored and non-sponsored borrowers and UK and Irish affiliates of US borrowers. And WOCF and WOE will originate new ABL transactions that can be funded under this facility. WOCF will service this facility from the US.

Blackstone Signs C$500 Million ABF Deal With Element Fleet Management

By Amit Chowdhry ● Feb 27, 2025

Element Fleet Management, which is the largest publicly traded, pure-play automotive fleet manager in the world, and funds managed by Blackstone Credit & Insurance, through its Infrastructure & Asset-Based Credit group announced the establishment of a strategic funding relationship involving a portfolio of Canadian fleet lease receivables valued at about C$500 million.

Argonaut Private Equity: Acquisition Of Pryer Aerospace

By Amit Chowdhry ● Feb 27, 2025

Argonaut Private Equity is continuing to grow its Fund V portfolio with its acquisition of Pryer Aerospace. Originally founded in 1965 as Pryer Machine & Tool, Pryer Aerospace supports military aviation, commercial aviation, and space programs with complex aerospace structural assembly components supported by precision machining and sheet metal fabrication capabilities. Their experience includes work with top companies like Blue Origin, Boeing, Cessna, Spirit Aerosystems, Gulfstream, etc.

LongRange Capital To Buy US Synthetic from ChampionX

By Amit Chowdhry ● Feb 27, 2025

LongRange Capital - a private equity firm with a longer-term and customer-centric orientation to building and growing middle market businesses - announced that it has entered into a definitive agreement to acquire all of the equity interests in US Synthetic Corporation from ChampionX.

Churchill Asset Management: $750 Million Middle Market CLO Offering Completed

By Amit Chowdhry ● Feb 26, 2025

Churchill Asset Management - which is the U.S. private capital investment-specialist of Nuveen - announced the closing of a $750 million middle market collateralized loan obligation (CLO), Churchill Middle Market CLO V LLC (CLO V) on February 25, 2025. This deal represents the first CLO that Churchill priced in 2025 and the fifteenth CLO issued by Churchill.

Camber Partners: Fund II Closed At $210 Million

By Amit Chowdhry ● Feb 26, 2025

Camber Partners announced the closing of Fund II with total capital commitments of $210 million, surpassing the fund's original target of $150 million and the hard cap of $200 million.

Brighton Park Capital: Jeff Surges Named As Partner

By Amit Chowdhry ● Feb 26, 2025

Brighton Park Capital (BPC), an investment firm focused on entrepreneur-led growth-stage companies in software and healthcare, announced that Jeff Surges has joined the firm as a partner.

Vestar: $795 Million Sale Of Simple Mills Completed

By Amit Chowdhry ● Feb 26, 2025

Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced today that it has completed the sale of Simple Mills, a premium brand of better-for-you crackers, cookies, snack bars, and baking mixes, to Flowers Foods for a total enterprise value of $795 million. Vestar provided the first institutional investment in the brand in October 2019 and was Simple Mills’ largest shareholder.

Ares Management: Tempus Debt Facilities Upsized To $560 Million

By Amit Chowdhry ● Feb 24, 2025

Ares Management - a leading global alternative investment manager - announced that Ares Credit funds served as the administrative agent on $300 million in incremental debt financing for Tempus AI, a technology company leading the adoption of AI to advance precision medicine and patient care.

Madison River Capital: Inaugural Fund Closed At $370 Million

By Amit Chowdhry ● Feb 23, 2025

Madison River Capital (MRC), a lower middle market private equity firm, announced the final closing of its first institutional fund, Madison River Capital Fund I, with over $370 million of capital commitments. And the firm received strong support from a sophisticated investor base, including family offices and institutional investors.

Star Mountain Capital: Jeff Feinberg Joins Firm As Managing Director And Strategic Portfolio Partner

By Amit Chowdhry ● Feb 22, 2025

Star Mountain Capital, a growing and employee-owned investment firm with over $4 billion in assets under management (AUM), announced that Jeff Feinberg has joined the firm as a Managing Director and Strategic Portfolio Partner. Feinberg will focus on enhancing Star Mountain’s differentiated approach to value creation within its portfolio companies as investors seek differentiated sources of yield and tax-advantaged total returns.

Carlyle Acquires Controlling Stake In Roop And Highway

By Amit Chowdhry ● Feb 22, 2025

Global investment firm Carlyle announced it has completed the acquisition of a controlling stake in Highway Industries and Roop Automotives through a proprietary and exclusive transaction. The equity for the investment will come from investment funds affiliated with Carlyle Asia Partners (CAP).

Huda Beauty: Kayali Spinning Off Into Standalone Fragrance Company

By Amit Chowdhry ● Feb 22, 2025

Huda Beauty announced that it will sell its ownership in KAYALI, the fragrance business founded by Huda and Mona Kattan in 2018. Since then, KAYALI has become a leading brand in the fragrance category.

McNally Capital Announces Investment in Jewett Automation

By Amit Chowdhry ● Feb 21, 2025

McNally Capital, a private equity firm specializing in acquiring founder-, family-, and management-owned businesses in the lower middle market, announced an investment in Jewett Automation. Jewett Automation is a leading manufacturer of filtration equipment and custom automation solutions, specializing in automated manufacturing and robotic systems for complex industrial applications.

Tikehau Capital: €1.2 Billion Raised For Special Opportunities Strategy Fund

By Amit Chowdhry ● Feb 21, 2025

Tikehau Capital, a global alternative asset management group, announced that its tactical strategies business has raised a record €1.2 billion for the third generation of its special opportunities strategy, showing the increasing demand for flexible credit solutions.

Emerald Lake: Sale Of Inno-Pak Announced

By Amit Chowdhry ● Feb 21, 2025

Emerald Lake Capital Management, a middle market private equity firm investing in capital-efficient businesses with sustainable competitive advantages and strong growth prospects in the industrials and services sectors, announced the sale of Inno-Pak, a leading designer, manufacturer, importer and supplier of innovative, eco-friendly packaging for prepared and takeout foods, to Handgards, a portfolio company of Wynnchurch Capital. The terms of the deal were undisclosed.