Private Equity

Carlisle Companies Buying MTL Holdings For $410 Million In Cash

By Amit Chowdhry ● Mar 20, 2024

Carlisle Companies announced that it had entered a deal to acquire MTL Holdings from private equity firm GreyLion Partners. MTL is a provider of pre-fabricated edge metal for commercial roofing systems. Under the terms of the acquisition, Carlisle will purchase MTL for $410 million in cash.

Princeton Equity Group: Jeremy Wright Named As Operating Partner

By Amit Chowdhry ● Mar 20, 2024

Princeton Equity Group - a private equity firm focused on franchise and multi-unit companies - announced that Jeremy Wright has joined as an Operating Partner.  Wright’s responsibilities will include providing tactical support to the firm's portfolio companies, partnering with management teams to drive strategic and operational initiatives, and helping institutionalize the operating resources that Princeton brings to each investment.

Summit Partners Reveals Promotions And Addition Within Investment Team

By Amit Chowdhry ● Mar 20, 2024

Leading alternative investment firm Summit Partners announced the promotion of three professionals and adding one new Principal in the firm’s global offices. Yoon Lee was promoted to Partner, and Hanyin Cheng and Cody Lee were promoted to Principal. And Ryan McDonald has joined the firm’s Healthcare & Life Sciences team as a Principal.

Oakley Capital Buying Stake In Horizons Optical Through Deal With Sherpa Capital

By Amit Chowdhry ● Mar 20, 2024

Leading pan-European mid-market private equity investor Oakley Capital announced that Oakley Capital Origin Fund I is investing in Horizons Optical. Horizons Optical provides medical software for making premium spectacle lenses.

Trinity Hunt Partners Launches Healthcare Advisory Platform Through Majority Investment In Coker

By Amit Chowdhry ● Mar 20, 2024

Trinity Hunt Partners, a growth-oriented private equity firm, announced a majority investment in Atlanta-based Coker Group, a leading healthcare advisory firm that serves hospitals, private and health system-affiliated physician groups, PE-backed platforms, and ancillary healthcare entities. Coker represents a foundational investment in Trinity Hunt’s healthcare advisory services platform.

Comvest Partners: Sixth Flagship Private Equity Fund Closed At $881 Million

By Amit Chowdhry ● Mar 20, 2024

Comvest Partners (a leading middle-market private equity and credit investment firm) announced the final closing of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (CIP VI), with total capital commitments of $881 million.

Caprock Brings In $2.2 Billion Grey Street Capital Team

By Amit Chowdhry ● Mar 20, 2024

Caprock - a leading multi-family office Registered Investment Advisor (RIA) serving ultra-high-net-worth clients - announced the acquisition of Grey Street Capital. Grey Street Capital is a Chicago-based boutique advisory firm with $2.2 billion in client assets.

Wynnchurch Capital To Sell LPW Group To Oaktree

By Amit Chowdhry ● Mar 20, 2024

Wynnchurch Capital (a leading middle market private equity firm) announced the sale of Houston-based LPW Group Holdings to funds managed by Oaktree Capital Management. LPW Group is a leading designer and manufacturer of specialty valves, actuators, fittings, flanges, and flow control products that serve mission-critical applications across chemical, petrochemical, LNG, refining, renewable, naval, pulp and paper, and other industrial markets.

Oceans Equity: Seasoned Investor Josh Bilmes Launches New PE Firm

By Amit Chowdhry ● Mar 20, 2024

Oceans Equity is a new Miami-based private equity firm that is committed to transforming potential into progress. With an emphasis on service businesses and niche product companies, Oceans Equity will accelerate sustainable growth through genuine collaboration.

Francisco Partners Acquiring Jama Software For $1.2 Billion

By Amit Chowdhry ● Mar 19, 2024

Jama Software - a leading requirements management and traceability solution company - announced that private equity firm Francisco Partners agreed to acquire the company from shareholders, including Insight Partners and Madrona Ventures, for $1.2 billion.

Waud Capital Partners Collaborating With Mark Layden To Acquire Companies And Assets

By Amit Chowdhry ● Mar 18, 2024

Waud Capital Partners, a middle-market private equity firm, announced today it has partnered with Mark Layden to acquire companies and assets in the enterprise application software market.

Genstar Capital: Matt McCabe And Dominic Martellaro Promoted To Director

By Amit Chowdhry ● Mar 18, 2024

Private equity firm Genstar Capital announced the promotions of Matt McCabe and Dominic Martellaro to Director.

GTCR Closes Acquisition Of Cloudbreak Health

By Amit Chowdhry ● Mar 18, 2024

Today, leading private equity firm GTCR announced that it had closed the acquisition of Cloudbreak Health, a leading provider of tech-enabled and healthcare-focused language interpretation services, in a corporate carve-out transaction from UpHealth.

Bridger Consulting Buying Primary Insights Platform Company DeepBench

By Amit Chowdhry ● Mar 18, 2024

Today, Bridger Consulting Group announced the acquisition of DeepBench, a primary insights platform launched in 2016 by four MIT students. DeepBench differentiates itself by building proprietary software tools, such as distinct AI and ML capabilities, to improve the efficiency and effectiveness of the expert matching process—a significant bottleneck in the expert insights space. This deal will substantially improve Bridger's service offerings and market share, especially within the expert search market segments.

Baird Adds $680 Million Palm Financial Team To Madison West Office

By Amit Chowdhry ● Mar 15, 2024

Baird’s Private Wealth Management operation announced it added The Palm Financial Group to its Madison West office in Wisconsin. Baird also has an office in Downtown Madison.

Wind Point Partners: Fund X Closed At $2.3 Billion

By Amit Chowdhry ● Mar 14, 2024

Chicago-based private equity firm Wind Point Partners announced the successful closing of its latest fund Wind Point Partners X. Fund X was closed at a hard cap with total commitments of $2.3 billion. This surpassed the fund’s $1.7 billion target.

KSL Capital Partners: Travel And Leisure Fund Closes On About $2 Billion

By Amit Chowdhry ● Mar 14, 2024

KSL Capital Partners announced that it has completed the final closing of its latest travel and leisure focused private equity fund KSL Capital Partners VI, L.P. (KSL VI). With commitments from the General Partner, KSL VI closed on about $2 billion in capital commitments. This fund is backed by a group of existing and new investors including state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers and family offices.

Chickasaw Nation Names Curt Crofford As Head Of Pennington Creek Capital

By Amit Chowdhry ● Mar 14, 2024

The Chickasaw Nation announced the establishment of Pennington Creek Capital - a wholly owned private capital investment subsidiary of Sovereign Native Holdco - with plans to set up an investment office in Dallas, Texas, led by long-time Hicks Equity Partners Managing Director Curt Crofford.

Frazier Healthcare Partners Completes Acquisition Of RevSpring

By Amit Chowdhry ● Mar 13, 2024

Frazier Healthcare Partners, a healthcare-focused investment company, announced that it has completed its acquisition of RevSpring from private equity firm GTCR. RevSpring is a leading provider of end-to-end communication and payment solutions servicing healthcare and financial services companies. Frazier was joined in the deal by NEA, 22C Capital, and RevSpring’s senior leadership team.

WealthFeed: Financial Advisor Growth Platform Company Closes $2 Million

By Amit Chowdhry ● Mar 13, 2024

WealthFeed - an AI-based organic growth platform for Financial Advisors - announces the successful closing of a $2 million funding round. The strategic investors in this round include Thicket Ventures and executives from the Registered Investment Advisor (RIA), investment banking, and private equity industries.

Flagstone Raises £108 Million From Estancia Capital Partners

By Amit Chowdhry ● Mar 13, 2024

Flagstone - a leading UK-based cash deposit platform - announced a £108 million ($138 million) equity investment from Estancia Capital Partners. Estancia is a a US financial services specialist private equity firm with expertise in cash management. As part of the deal, Estancia takes a minority stake in the Flagstone business.

Inflexion: £1.75 Billion Closed For Partnership Capital Fund III

By Amit Chowdhry ● Mar 13, 2024

Leading European mid-market private equity firm Inflexion announced the final close of Inflexion Partnership Capital Fund III at its hard cap of £1.75 billion, making it the largest dedicated minority fund in Europe. The Partnership Capital strategy targets minority equity investments into entrepreneurial businesses led by ambitious founders and management teams looking to multiply.

Blue Wolf Capital: David Hecht Named As Operating Partner

By Amit Chowdhry ● Mar 12, 2024

Blue Wolf Capital Partners, a middle-market private equity firm specializing in the industrial and healthcare sectors, announced that David Hecht will join the firm as an operating partner. At the firm, Hecht will specialize in healthcare investments.

Jamie Schwartz Named As Investment Team Director At Encore Consumer Capital

By Amit Chowdhry ● Mar 12, 2024

Encore Consumer Capital announced that Jamie Schwartz rejoined the investment team as a Director after working at the firm as an Associate in 2016. Schwartz will be responsible for deal origination and execution as well as portfolio company oversight.

KKR Taking mdf commerce Private In C$255 Million Deal

By Amit Chowdhry ● Mar 12, 2024

Digital commerce technology company mdf commerce announced it has entered into an arrangement agreement to be acquired by funds managed by KKR in an all-cash transaction. Upon completion of the deal, mdf commerce will become a privately held company.

Riverarch Equity Partners: $1 Billion For Fourth Equity Fund Closed And Rebrand Revealed

By Amit Chowdhry ● Mar 10, 2024

Riverarch Equity Partners (formerly PNC Riverarch Capital), a private investment firm focused on investments in middle market companies - announced the closing of its latest private equity fund Riverarch Equity Partners IV with $1 billion in commitments.

Leeds Equity Partners Hires Emily Bernstein As VP Of Investment Team

By Amit Chowdhry ● Mar 9, 2024

Leeds Equity Partners - a New York-based private equity firm focused exclusively on investing in the Knowledge Industries - announced that Emily Hyman Bernstein has joined the firm as a Vice President on its investment team.

Limerston Capital: Fund II Closed With £245 Million In Commitments

By Amit Chowdhry ● Mar 9, 2024

Limerston Capital - a UK-based mid-market private equity firm - announced the final closing of its second fund, Limerston Capital Partners II, with total commitments of £245 million.

Manulife Investment Management: $752 Million Closed For MCP VII Fund

By Amit Chowdhry ● Mar 8, 2024

Manulife Investment Management announced the final closing of Manulife Capital Partners VII, L.P. (MCP VII), a $752 million private credit fund. This fund seeks to invest junior credit capital in U.S. middle market companies to target high yield with equity upside, offering investors contractual cash coupons and capital appreciation. And MCP VII is backed by a global investor base of institutional and private capital investors, including a capital commitment from Manulife.

Serent Capital Promotes John Caselli And Dexter Hopen To Partner

By Amit Chowdhry ● Mar 8, 2024

Serent Capital (a growth-focused private equity firm that invests in founder-led B2B SaaS and technology companies) announced the promotions of John Caselli and Dexter Hopen to Partner, expanding the partnership to six members.