Deals
Global alternative investment manager Ares Management Corporation is to acquire 100% of Crescent Point Capital, an Asia-focused private equity firm with approximately $3.8 billion of assets under management, as of 31 March 2023.
Software-focused private investment major Thoma Bravo has closed a strategic growth investment in Bluesight, a provider of pharmacy software solutions, to support the company’s acquisition of Medacist, a specialist in drug diversion monitoring.
Financial terms of the transaction, which will see current Bluesight investor New Leaf Ventures remain invested in the business, have not been disclosed.
Bluesight’s vision is to transform the hospital pharmacy supply chain through software. The company’s acquisition of Medacist combines two specialists in drug diversion analytics and medication management solutions that together will serve more than 2,000 hospitals across North America.
Bluesight says its auditing
European PE firms pivoted away from large buyout deals in the first six months of the year, amid a slowdown in debt markets and uncertainty over valuations, to focus on their buy-and-build strategies, according to a report by Private Equity News.
The report cites data from CMBOR, the Centre for Private Equity and MBO Research based at Nottingham University Business School, as revealing that bolt-on activity in terms of number of deals hit its third-highest H1 figure on record in the first sixth months of 2023, with 369 acquisitions made by PE-owned portfolio companies.
The cumulative value of these deals
US private equity investment firm Searchlight Capital has agreed to buy UK specialist asset manager Gresham House in an all-cash deal with an enterprise value of £440.6m, sending shares in the London-listed group up more than 50% on Monday.
Kartesia, a European specialist provider of capital solutions for small and mid-sized companies, has teamed up with Polish private equity investor Cornerstone Investment Management, to acquire Ecowipes Group, a producer of biodegradable wet wipes and other personal hygiene products.
Samos Energy, a newly formed upstream energy investment platform, has made its first acquisition with a deal to acquire 100% of the shares of the PetroFirst Infrastructure companies from Petrofac and funds managed by BlackRock Infrastructure.
HIG Capital, a global alternative investment firm with $57 billion of capital under management, has sold its portfolio company Riveron, a business advisory firm, to affiliates of Kohlberg & Company.
Entrepreneurial Equity Partners, a Chicago-based private equity firm focused on the food and consumer packaged goods industries, has acquired MBC Companies from Encore Consumer Capital, in partnership with the existing management team.
Funds managed by CapVest Partners are to acquire Kerridge Commercial Systems, a global provider of enterprise resource planning software for distribution, servicing and rental businesses, from Accel-KKR, a global technology-focused investment firm.
Gen II Fund Services (Gen II), an independent private capital fund administrator, is to acquire Crestbridge, a European provider of private capital fund administration solutions. Terms of the transaction, which is subject to customary regulatory approvals, have not been disclosed.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
