Solace Capital Partners (Solace), a private equity firm focused on providing creative capital solutions for middle market companies, has sold Patriot Environmental Services (Patriot), a provider of comprehensive environmental services and emergency oil spill response, to Heritage-Crystal Clean for $156 million.

Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has closed the merger of its portfolio company, Altima Dental, with 123Dentist, a dental support organization (DSO) based in Vancouver, to create one of the largest DSOs in Canada.  The transaction was financed through equity capital provided by 123Dentist’s existing private equity sponsor, Peloton Capital Management, and new investors KKR, a leading global investment firm, and Heartland Dental, a KKR portfolio company and the leading dental support organization in the US Sentinel will retain a minority equity stake in the

Percheron Capital (Percheron), a private equity firm focused on partnering with high-quality essential services businesses, is to acquire a majority stake in McWilliams & Son (McWilliams), a residential HVAC and plumbing services platform.  Following the transaction, McWilliams’ Chief Executive Officer, Trey McWilliams, will remain a significant investor and continue to lead the Company.  Terms of the transaction have not been disclosed. McWilliams & Son offers residential HVAC and plumbing maintenance, repair and replacement services with a reputation for outstanding quality and customer service. The Company’s people-first values focused on service, trust and reliability have resulted in industry-leading customer satisfaction scores

Palatine-backed CTS Group (Construction Testing Solutions), a provider of geotechnical consulting, construction materials testing and surveying and monitoring services, has acquired Concept Engineering Consultants Limited, a specialist in geotechnical, structural and geo-environmental services.  This is CTS Group’s eighth acquisition since Palatine’s initial investment in late 2018. The deal further strengthens CTS as a market leader and expands and enhances its geotechnical consulting, testing, coring and drilling capabilities. Operating across the UK and with headquarters in London and operations in both London and Coventry, Concept Engineering employs 105 staff. Founded 25 years ago, Concept Engineering Consultants work on civil, structural and

AbbeyCross, a B2B trading and compliance marketplace focused on improving the underlying market infrastructure for emerging market (EM) currencies, has raised USD2.47 million in non-priced, convertible notes in its pre-seed funding round.  The round was led by Third Prime. Communitas Capital also invested, with the balance being spread across eleven strategic angel investors from within the payments industry.    AbbeyCross is improving the underlying market infrastructure for EM currencies. Working with global banks, their currency suppliers, and other financial services providers, AbbeyCross removes inefficiencies in the market. As a result, AbbeyCross brings deeper currency liquidity, price transparency, and market data

Pemberton, an alternative credit specialist, has provided financing to support global asset management firm CVC Fund’s acquisition of Neolith, a specialist in the design and production of sintered stone services serving multiple end-markets. Founded in 2009 and headquartered in Castellon, Spain, serves multiple end-markets, including bathrooms, wall claddings, furniture, floorings, facades and with a particular focus on high-end kitchens. Neolith has strong sustainability credentials, with its products being plastic-free and fully recyclable. The company is applying for B-Corp status in 2022. Pemberton has financed Neolith since September 2019, when it supported independently managed investment company InvestIndustrial’s acquisition of the company.

Derbyshire-based CW Sellors has secured funds from MEIF Maven Debt Finance, part of the Midlands Engine Investment Fund (MEIF) which is managed by Maven Capital Partners.  Along with the expansion of its facilities, the funds will also help the business increase its sales and marketing activity. Founded in 1979, CW Sellors has managed to establish a successful online presence along with a good reputation as a retailer of jewellery and luxury watches across Derbyshire and Yorkshire. CW Sellors plans to use the funding to expand its design and manufacturing centres with a newly built facility, and to create new jobs

Inflexion has sold medical data disseminator Pharmaspectra to US-listed health information company IQVIA in a deal valued at $100 million, according to a report by Unquote. The exit has generated a 25% IRR for Inflexion. Inflexion acquired Pharmaspectra in 2019 via Enterprise Fund IV, and the deal is Inflexion’s fourth Fund IV exit following the sales of Goals Soccer Centre, Halo Technology, and Virgin Experience Days.  Inflexion has reportedly made nine exits to date in 2022 with a combined valuation of GBP2.5 billion.

Beemok Capital, the family office of businessman and philanthropist Benjamin Navarro, has entered into a definitive agreement to acquire Cincinnati’s Western and Southern Open tournament from the United States Tennis Association (USTA). Financial terms of the transaction have not been disclosed. Navarro and Beemok Capital have demonstrated a years-long commitment to the advancement of tennis in the United States with substantial investments in programmes and infrastructure to support all levels of tennis development. Beemok also brings extensive operational and hospitality expertise to the Western and Southern Open, having recently completed a major renovation that transformed Charleston’s Credit One Stadium into a

Assetz Capital, a specialist SME finance platform, has formed a new funding relationship with Aeon Investments, a London based credit-focused investment company. Over the next three years, Aeon Investments will inject an initial £200 million of investment into SME loans arranged by Assetz Capital, enabling the business to provide commercial mortgages of up to £10 million on commercial investment properties. This enables Assetz Capital to further diversify its commercial mortgage lending and expand its capacity to lend across the broadest range of commercial properties used by UK SMEs.   The new funding comes at a critical time for SMEs, which