NEW FUNDS
X Marks the Spot: Stone Point Closes $11.5 Billion Tenth Fund
Stone Point Capital has closed its tenth flagship private equity fund, Trident X LP, with $11.5 billion in total capital commitments. The new fund, the largest fundraise in the firm’s
Lucky Number Seven: LLCP Closes Newest Fund at $3.6 Billion
Levine Leichtman Capital Partners (LLCP) has closed LLCP Fund VII LP above its target with over $3.6 billion in capital commitments. Fund VII was backed by strong participation from both
One Rock Closes New Flagship Fund
One Rock Capital Partners has closed its largest fundraise to date, securing $3.97 billion in total capital commitments for its flagship fund, One Rock Capital Partners IV LP, and the
Avista Healthcare Closes GCM Continuation Fund
Avista Healthcare Partners has closed Avista Healthcare Partners CV II LP (ACV II), a single-asset continuation fund for GCM, a maker of precision medical components. The new fund provides existing investors
Churchill Closes New Co-Investment Fund
Churchill Asset Management, an affiliate of Nuveen, has held a final, oversubscribed, and hard cap close of Churchill Co-Investment Fund II LP (Fund II) with $1.5 billion in limited partner
Banner Closes Continuation Fund, Launches Fund II
Banner Capital Management has recapitalized eight portfolio companies into a $400 million continuation vehicle, Banner Capital Fund I, L.P., and has formally launched Banner Capital Fund II LP with a
Virent Capital Launches with Focus on Digital Enablement
Virent Capital has been launched by Connor McMahan, a former partner at L2 Capital, to invest in companies operating in the U.S. lower middle market. Virent began operating in May
Eagle Wraps $415 Million Fund II in Seven Months
Eagle Merchant Partners has closed its second private equity fund, Eagle Merchant Partners Fund II LP, with $415 million in capital commitments. The new fund closed above its original hard
NEW PLATFORMS
As Simple as AC/DC: HKW Buys EEE
HKW has acquired Electric Equipment & Engineering Co. (EEE), a maker of electrical power distribution products, from the founding Moroni family. EEE specializes in customized and configured AC and DC power equipment, including switchgear, generator
Cogenuity’s First Fund Closes Second Platform Acquisition
Cogenuity Partners has acquired Tech Tube, Inc. and Tube Methods, Inc., marking the second platform investment for the firm’s inaugural fund. Tech Tube and Tube Methods (together Tech Tube) are manufacturers of small-diameter metallic tubing—made
SK Carves LISI Medical from LISI Group
SK Capital Partners has agreed to acquire LISI Group’s medical division, LISI Medical, a contract development and manufacturing organization specializing in components used by medical device OEMs. LISI Medical is a contract development and manufacturing
Wipe, Rinse, Recapitalize: Zep Acquired by Truelink
Truelink Capital has agreed to acquire Zep, a provider of maintenance, cleaning, and sanitation products, from New Mountain Capital. Zep’s product lineup includes disinfectants, degreasers, sanitizers, and odor control products sold under the company’s flagship
NEWS
NEW EXITS
AUA Hands Jerky Crown Back to Monogram
AUA Private Equity Partners has completed the sale of Western Smokehouse Partners, a manufacturer of better-for-you protein snacks, to Monogram Capital Partners. Western Smokehouse Partners is a contract and branded manufacturer of all-natural meat sticks,
TruArc Sells Ideal Tridon to Nautic
TruArc Partners has sold Ideal Tridon, a manufacturer of fastening, sealing, and support systems, to Nautic Partners. Ideal Tridon’s products include hose clamps, pipe supports, couplings, fittings, and strapping that are used in supporting, securing,
MiddleGround’s Arrow Tru‑Line Sold to Blackstone’s Chamberlain Group
MiddleGround Capital has agreed to sell Arrow Tru‑Line, a manufacturer of overhead garage door hardware, to Chamberlain Group, a portfolio company of Blackstone. Arrow Tru-Line is a manufacturer and distributor of metal components for overhead garage
NEW ADD ONS
Gryphon Grabs Kinco to Expand Glove Empire
Mechanix Wear, a designer and manufacturer of high-performance work gloves and a portfolio company of Gryphon Investors since 2020, has acquired family-owned glove-maker Kinco. Kinco designs and distributes work, outdoor, and recreational gloves
Arcline Has a Micro Blast with Latest Add-On
Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired Comco, a specialist in micro-precision sandblasting. Charlotte-headquartered MMT designs, manufactures, and services machinery used in the production of interventional medical
FEATURED TRANSACTIONS
No Holes in this Deal: Swander Pace Acquires Maple Donuts
Swander Pace Capital has acquired Maple Donuts, a manufacturer of frozen bakery products. Co-investing in the acquisition were Partners Capital and Constitution Capital Partners. Maple Donuts specializes in private label donuts for retail
Paceline Acquires Everflow
Everflow Supplies, a distributor of plumbing, electrical, fire control, and industrial products, has been acquired by Paceline Equity Partners. Everflow is a national master distributor of more than 20,000 SKUs of fittings, valves,
Gemspring Carves Out Goodyear Chemical for $650 Million
Gemspring Capital Management has agreed to acquire Goodyear Chemical, the polymer chemicals division of publicly traded Goodyear Tire & Rubber Company, for $650 million in cash. Akron-headquartered Goodyear Chemical is a producer of
Odyssey’s PIP Acquires Honeywell’s PPE Business
Protective Industrial Products (PIP), a portfolio company of Odyssey Investment Partners, has finalized its $1.3 billion acquisition of the personal protective equipment (PPE) division of publicly traded Honeywell. Odyssey previously acquired PIP from
Full Speed Ahead for GI Partners’ New Insurance Platform
GI Partners has launched a new Managing General Agency (MGA) platform in partnership with insurance executives Brad Emmons and Brian Hanuschak. MGAs are a specialized type of insurance firm that works on behalf of insurance companies but has more authority than a typical insurance broker. MGAs can handle key functions like evaluating risk, setting prices, approving policies, and sometimes even managing claims. MGAs are often used in specialized areas of insurance where knowledge of a specific market is important. For
Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions. RSC Bio Solutions develops and supplies high-performance, environmentally acceptable lubricants (EALs) used in marine and industrial applications. The company’s product portfolio includes FUTERRA biodegradable hydraulic fluid, EnviroLogic lubricants for marine vessels and sensitive environments, and BioFlo EAL gear oils, which are used to meet regulatory compliance and sustainability goals in equipment operating near water. Customers of RSC Bio include marine operators, offshore energy companies, and industrial
PEOPLE ON THE MOVE
Soundcore Adds Two Investment Pros
Canaccord Genuity Builds Investment Banking Team
Mesirow Strengthens its Technology Vertical
SK Capital Hires John Novak to Lead Business Development
Brown Gibbons Lang Adds Consumer Veteran
As Simple as AC/DC: HKW Buys EEE
HKW has acquired Electric Equipment & Engineering Co. (EEE), a maker of electrical power distribution products, from the founding Moroni family. EEE specializes in customized
Cogenuity’s First Fund Closes Second Platform Acquisition
Cogenuity Partners has acquired Tech Tube, Inc. and Tube Methods, Inc., marking the second platform investment for the firm’s inaugural fund. Tech Tube and Tube
AUA Hands Jerky Crown Back to Monogram
AUA Private Equity Partners has completed the sale of Western Smokehouse Partners, a manufacturer of better-for-you protein snacks, to Monogram Capital Partners. Western Smokehouse Partners
More Private Equity News
CenterGate Sews Up Marena
Liftout Acquires AG&E
Sky Island Carves Scranton Products from AZEK
HCPI Launches Artisan Bakery
Gemspring’s Shrieve Chemical Bonds with Carbon Group
Dig This. Delphi Infrastructure Acquires JMF Underground
New Funds
X Marks the Spot: Stone Point Closes $11.5 Billion Tenth Fund
Stone Point Capital has closed its tenth flagship private equity fund, Trident X LP, with $11.5 billion in total capital commitments. The new fund, the
Lucky Number Seven: LLCP Closes Newest Fund at $3.6 Billion
Levine Leichtman Capital Partners (LLCP) has closed LLCP Fund VII LP above its target with over $3.6 billion in capital commitments. Fund VII was backed
One Rock Closes New Flagship Fund
One Rock Capital Partners has closed its largest fundraise to date, securing $3.97 billion in total capital commitments for its flagship fund, One Rock Capital
Avista Healthcare Closes GCM Continuation Fund
Avista Healthcare Partners has closed Avista Healthcare Partners CV II LP (ACV II), a single-asset continuation fund for GCM, a maker of precision medical components. The
People on the Move
Soundcore Adds Two Investment Pros
Canaccord Genuity Builds Investment Banking Team
