Shift Paradigm, a portfolio company of mid-market private equity firm Growth Catalyst Parthers, has acquired Ergo, an email marketing company based in New York City. The acquisition strengthens Shift Paradigm’s email and customer journey expertise. Shift Paradigm and Ergo’s shared cultural values and commitment to driving client outcomes played a central role in bringing the companies together.  Following the acquisition, Ergo chief executive officer John Hendricks will remain involved in the business as a member of Shift Paradigm’s board of directors.

Global private equity firm OpenGate Capital, is combining Extol, which it acquired on 30 September, 2022, and Aluminium France Extrusion (AFE), which has been owned by OpenGate since June of 2013, to form Aluminium Solutions Group SAS (ASG). The merger establishes France’s second and Europe’s sixth largest aluminium extruder with a clear sustainability roadmap. Terms of the transaction have not been disclosed. OpenGate is also examining options to enhance the ESG profile of ASG, including specific investments to facilitate recycled materials in the production process. Extol is a specialty extruder and manufacturer of custom aluminium parts with facilities in Toledo,

Global private equity investor Advent International (Advent), and Wilbur-Ellis, one of the largest family-owned companies in the world, are to merge their life sciences and specialty chemicals solutions businesses, Caldic BV (Caldic) and Connell.

HIG Capital (HIG), a global alternative investment firm with over $50 billion of equity capital under management, has sold its portfolio company Salary.com to Accel-KKR. Terms of the transaction have not been disclosed. Based in Waltham, Massachusetts, Salary.com is a specialist in cloud-based compensation software and data solutions, serving more than 8,000 software subscribers and 60 million employees globally. The company’s software products and analytical capabilities enable enterprises, small businesses, and individuals to be on the cutting edge of compensation trends, best practices, and policies. HIG acquired Salary.com from IBM Kenexa in December 2015. During HIG’s ownership, Salary.com relaunched its

An affiliate of technology and US government investment firm Veritas Capital (Veritas) is to acquire CAES Space Systems, an independent supplier of high-reliability electronic solutions for space, defence, healthcare and industrial applications, from CAES.  Mike Elias, Senior Vice President & Division General Manager, will continue to lead CAES Space Systems, alongside the rest of the leadership team.  Financial terms of the transaction have not been disclosed. Headquartered in Colorado Springs, CAES Space Systems provides radiation hardened components, mission processing, cabling, wave guides, antennas and power management solutions. The Company’s track record of innovation, rich intellectual property portfolio and best-in-class engineering

OpenGate Capital, a global private equity firm, has exited its investment in InRule Technology (InRule), an intelligence automation platform, through a sale to Pamlico Capital. Financial terms of the deal have not been disclosed. Headquartered in Chicago, Illinois, InRule provides integrated decisioning, machine learning and process automation software that enables IT and business leaders to make better decisions faster, operationalise machine learning, and improve complex, mission-critical processes. OpenGate’s initial investment came in 2019 and marked InRule’s first institutional capital raise. Over the past three years, OpenGate supported significant product and go-to-market investment while partnering with InRule’s management team on a

Private equity giant Blackstone is to make a $500 million strategic investment in Resolution Life as part of a wider plan that will see the global life and annuity insurance consolidation business raise $3 billion in new equity capital commitments. The additional funding, which will bring the company’s overall equity capital base to more than $8 billion, will be raised through a newly established perpetual capital vehicle with Blackstone serving as the General Partner and the majority of Resolution Life’s existing investors expected to roll their investments into this vehicle. Nippon Life, the largest existing investor in Resolution Life, supports

Clearlake Capital Group and Clearlake operating advisor Sam Soni have acquired Ticket Evolution Inc (Ticket Evolution), an end-to-end software provider for the event ticketing industry.  The acquisition was completed through Victory Live, an event management and ticketing technology platform backed by Clearlake and Soni, who is a specialist in the multi-billion-dollar premium ticket and sports hospitality event industry.  Financial terms of the transaction have not been disclosed.   Ticket Evolution manages thousands of sports and events tickets on behalf of both professional ticket resellers and rightsholders through an established B2B marketplace with distribution capabilities. The Company’s offerings include both a

An affiliate of Turnspire Capital Partners (Turnspire) has sold Turnspire portfolio company UPG Company (UPG) to The Partner Companies (TPC). Terms of the transaction have not been disclosed. UPG is a designer, manufacturer and assembler of highly engineered components for data centre, healthcare, energy and diversified industrial end-markets. Headquartered in Houston, Texas, UPG also operates manufacturing facilities in Wales, United Kingdom and Suzhou, China, enabling it to serve customer needs on both a local and global basis.  Since carving out UPG from MedPlast, Inc in 2016, Turnspire and management have transformed the business from a non-core subsidiary into an independent,

Independent power producer Sunly has raised around €200 million to build and expand its renewable energy portfolio in the Baltics and Poland. The capital raise includes investments from Sunly’s existing shareholders and new investor Mirova, a French asset manager dedicated to sustainable investing, and an affiliate of Natixis Asset Management. Mirova, which has been active in the energy transition infrastructure sector for 20 years and has financed more than 330 projects for a total of over 6.5 GW of potential generation capacity across Europe and Asia, is now Sunly’s  largest investor. Mirova recently closed its fifth energy transition infrastructure fund