PE Tech Report

Deals

Consumer services-focused private equity firm Main Post Partners has made a majority investment in Highland Arms Enterprises, a garage door service operator within Neighborly, a franchise-based group focused on repairing, maintaining, and enhancing properties.
Braemont Capital, a Texas-based private investment firm founded by Robert Covington, a former Partner at RedBird Capital, has acquired Loenbro, a US construction services provider catering to the data centre, infrastructure and diversified industrial markets, from Tailwind Capital, a middle market private equity firm. 
Stockholm-based global investment firm EQT is reconsidering a potential $20bn initial public offering for Galderma, a pharmaceutical company and former subsidiary of Nestlé, according to a report by the Financial Times citing people familiar with the matter.
Everbridge, a specialist in critical event management and national public warning solutions, has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo, in an all-cash take private transaction that values the business at approximately $1.5bn.
BC Partners, a London-based private equity firm with over $40bn in AUM, has agreed to sell Forno d’Asolo Group, an Italian manufacturer and distributor of frozen bakery products valued at €1.1bn ($1.2bn), to a Investindustrial, a European mid-market private equity firm, and Sammontana, an ice cream manufacturer.
A $2bn bond sale from UK insurance broker The Ardonagh Group, whose major shareholders include Madison Dearborn Partners and HPS Investment Partners, will be managed by a group of Wall Street banks led by Morgan Stanley and The Goldman Sachs Group instead of a potentially record-breaking $5bn private credit loan, according to a report by Bloomberg.
Aquiline Capital Partners, a private investment firm investing in financial services, healthcare and technology with over $10bn in AUM, has made a majority investment in Health Prime International, a provider of revenue cycle management solutions for physician practices. 
Global private equity firm OpenGate Capital has completed its previously announced acquisition of Player One Amusement Group from Cineplex, a leading Canadian entertainment and media company.
Arlington Capital Partners, a private investment firm specialising in government regulated industries, has agreed to sell J&J Worldwide Services, a provider of essential, preventative property maintenance activities to the US Federal Government, to CBRE Group.
Thompson Street Capital Partners, a middle-market private equity firm investing in the life sciences and healthcare, software and technology, business and consumer services and products sectors, has jointly agreed to a deal with private investment firm Cequel III to take a controlling interest in DDC Cabinet Technology, a designer and manufacturer of cabinet and enclosure technologies for data centres.  

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