Deals
Ensign Natural Resources, an exploration and production company operating in the Eagle Ford Shale in South Texas, formed in 2017 in partnership with Warburg Pincus, is selling its assets to Marathon Oil, for a total cash consideration of $3.0 billion, including closing adjustments.
An affiliate of private investment firm Sun Capital Partners is to sell Allied Glass to Verallia Group, the third largest producer of glass packaging for beverages and food products globally, headquartered in France, for a total enterprise value of £315 million.
An affiliate of global alternative investment firm HIG Capital has completed a growth investment in ThoughtFocus, Inc, a global provider of digital services and technology enabled digital operations focused primarily on the financial services end market.
Apex Group has closed its acquisition of Darwin Depositary Services, a Netherlands-based provider of depositary services to alternative investment funds including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.
Cinven is to acquire TaxAct for approximately $720 million with the company set to be combined with Cinven’s existing portfolio company Drake Software under a single holding company to create a full-service tax ecosystem provider.
Global software and technology investment firm Thoma Bravo has closed a strategic growth investment in SMA Technologies, a provider of automation solutions for the financial services industry.
Financial terms of the transaction, which sees existing investor ParkerGale Capital retain a minority position in the business, have not been disclosed.
SMA, which was founded by former NASA automation experts in 1980, will use the new funding to fuel growth.
SMA Technologies’ OpCon is a workload automation and orchestration platform for banks, credit unions, insurance companies and other financial services businesses.
Raymond James served as financial advisor and Kirkland & Ellis LLP
An affiliate of HIG Capital has completed the acquisition of the distribution segment of Avient Corporation which will now operate as an independent entity and be renamed Formerra.
Private equity funds managed by Blackstone are to acquire Emerson’s Climate Technologies in a transaction valuing the business at $14.0 billion.
A shareholder group led by private equity firm Nordic Capital has agreed to sell The Binding Site Group (Binding Site), a specialty diagnostics company headquartered in Birmingham, UK, to Thermo Fisher Scientific for £2.25 billion.
Nordic Capital has been the majority owner of The Binding Site since 2011 when it completed the acquisition together with Five Arrows. Since then, the business has grown fivefold with revenues amounting to approximately £200 million in 2022.
The transaction, which is expected to be completed in the first half of 2023, is subject to customary closing conditions, including regulatory approvals.
The Binding Site provides
Resolution Economics a portfolio company of Levine Leichtman Capital Partners, has acquired Berkshire Associates, a provider of outsourced affirmative action plan consulting and software services, compensation analysis and other human resource compliance-related services.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
