Francisco Partners (FP), a global investment firm that specialises in partnering with technology and healthcare businesses, has closed on the sale of Trellis Rx (Trellis), a technology-enabled specialty pharmacy services provider, to CPS Solutions (CPS), a provider of enterprise pharmacy solutions to hospitals and health systems. The terms of the transaction have not been disclosed.   In 2016, FP created and launched Trellis to help health systems enter the specialty pharmacy market. Today, Trellis partners with health systems to fund, build and operate hospital-based outpatient and retail specialty pharmacies under the health system’s brand. 

Corsair, a private equity firm targeting business services, software, and payments investments in the financial services market, has acquired a majority stake in HungerRush, a cloud-based software provider for the restaurant industry, from The CapStreet Group (CapStreet), a Houston-based private equity firm. CapStreet will continue as a minority investor in the Company.  Terms of the transaction have not been disclosed. HungerRush 360 is an all-in-one cloud POS system with integrated software, payments, and digital ordering capabilities primarily serving multi-site quick service restaurants (QSR) and fast casual operators. HungerRush 360 combines restaurant management, digital ordering, payment processing, customer engagement, and delivery

Global investment firm Carlyle has entered into exclusive negotiations to a sell a controlling stake in Euro Techno Com Group (ETC), a distributor for the telecom network and technology infrastructure industry, to Cinven. As part of the transaction, Carlyle will re-invest for a significant minority stake. The transaction is subject to works council consultation and customary regulatory approvals. The financial details of the transaction were not disclosed. Carlyle invested in ETC through Carlyle Europe Technology Partners (CETP) IV, a €1.35 billion fund that invests in small and mid-market technology-focused opportunities. 

BV Investment Partners (BV), a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors, is to sell GlideFast Consulting, an Elite ServiceNow Partner and leading IT consulting, implementation, and development company, to ASGN Incorporated. Founded in 2015 and headquartered in Waltham, Massachusetts, GlideFast Consulting is dedicated exclusively to ServiceNow, providing tailored solutions and professional services for ServiceNow implementations, integrations, managed support services and application development for commercial and government clients throughout North America.  BV invested in GlideFast in 2020 and merged it with sister company Pharicode in 2021. 

BaltCap Private Equity Fund II (BPEF II) is to sell SIA Uprent Group – a specialised pumping company in the Baltics and Poland – to Renta Group Oy, a Finnish construction machinery and equipment rental company with over 100 depots and 1,000 employees in Scandinavia and Europe. BaltCap will sell Uprent Group together with its minority shareholders. Renta Group will acquire 100% of the company. BPEF II invested in Uprent Group in 2016. During the investment period, the company successfully expanded its network of depots in the Baltics and Poland and broadened the range of service offerings, introducing new and

Repeats Group (Repeats), a pan-European plastics recycling platform focused on producing high-quality recycled low-density polyethylene (LDPE), has made an investment in Daly Plastics (Daly Plastics), a producer of recycled LDPE located in the eastern part of the Netherlands, near Apeldoorn. Financial terms of the transaction have not been disclosed.  Repeats is a portfolio company of Ara Partners (Ara), a global private equity firm focused on industrial decarbonisation.

SGT Capital has completed its acquisition of Utimaco Verwaltungs (Utimaco) from the EQT Mid Market Europe fund (EQT Private Equity). Headquartered in Aachen, Germany, and Campbell, California, United States, Utimaco is a leading platform provider of high-security technologies for cybersecurity and compliance solutions.  The Company provides on-premises and cloud-based hardware security modules and solutions for key and identity management, data protection, and data intelligence, for regulated critical infrastructures.

An affiliate of One Rock Capital Partners (One Rock) has completed the previously announced acquisition of Therm-O-Disc, a subsidiary of Emerson. Therm-O-Disc is a designer and manufacturer of safety-critical sensors, thermal cutoffs and sealed connecting components primarily used in heating, ventilation and air conditioning, appliance, water heater, industrial, aerospace & defence, and transportation applications.  

An affiliate of CenterGate Capital (CenterGate), an Austin-based private equity investment firm, has made an investment in RC Rasmussen Corporation (Rasmussen), a specialised equipment solutions provider supporting critical marine infrastructure throughout North America. Established in 1936 and headquartered in Seattle, Washington with three additional locations in California, Louisiana, and Virginia, Rasmussen specialises in rental and sale of equipment and related parts and service support for the marine infrastructure market. Rasmussen is a complete solutions provider to its customers, offering one of the largest fleets of specialised winches, sectional floats, decking, and rigging gear to support essential marine infrastructure including bridge

Technology company ZeroNorth has raised over $50 million in a recently concluded Series B investment round led by PSG Equity (PSG). Existing investors AP Moller Holding and Cargill, also participated in the round.  ZeroNorth now has a trio of partners that will support the company’s ambitious plans for continued growth.   The Series B investment, in addition to the support of PSG Equity, will help to accelerate ZeroNorth’s growth over the coming years, enabling it to continue investing in product innovation, expanding its customer facing teams and pursuing M&A to add data, products and services to the ZeroNorth platform.