Deals
NewSpring’s buyout strategy, NewSpring Holdings, has raised an additional USD120 million in a funding round led by Northleaf Capital Partners (Northleaf) and Velocity Structured Solutions.
The investment supports the strategic growth and expansion of NewSpring Holdings’ existing platform companies and the acquisition of additional platforms, where the team seeks to consolidate fragmented markets with proven leadership and technology enablement.
NewSpring Holdings executes a buy-and-build strategy that identifies, acquires, and assists in transforming founder and family-led businesses in the lower-middle market. Over the past six years, the NewSpring Holdings team has propelled its four platform companies to over USD700 million in
Keensight Capital, a private equity managers dedicated to pan-European Growth Buyout investments, is to acquire a majority stake in Adista, an alternative B2B hosted services provider.
Upon completion of the transaction, Keensight will take over from Equistone Partners Europe (Equistone) as Adista’s majority shareholder alongside FEF, the co-investment partnership between Mubadala and Bpifrance and the management team led by Patrice Bélie.
Adista, a specialist in IT and telecom services, supports the digitalisation of a diverse customer base, made up of private-sector players (from SMEs to large companies) and public-sector organisations (hospitals and local authorities), with a full range of services.
Scurri, a cloud-based software provider connecting and optimising the eCommerce ordering, shipping, and delivery process, has secured a EUR9 million in an investment round led by Gresham House Ventures.
Existing investors including family offices represented by Millview advisory, Pa Nolan and others are continuing to support the company in this round, which brings the Wexford-based company’s total funding to EUR15.3 million to date.
Scurri currently derives over 70 per centof its revenue from the UK, and will power over 100 million parcel deliveries this year by enabling merchants to present the most efficient delivery option via more than 700 carrier
Apollo Precision Manufacturing Limited (Apollo), an investment vehicle managed by EverEdge Capital, has acquired Accord Precision Limited (Accord), NZ’s largest certified precision manufacturing and assembly business.
Accord provides end-to-end precision manufacturing and assembly — from R&D and consultative design through to complete assembly and distribution. The business was established 50 years ago and achieved close to NZD30 million in sales for the year ending 31 March 2021. It has successfully transitioned from being a conventional machine shop to a full-solution provider for sophisticated OEM global customers, including F&P, John Deere, Assa Abloy and Kirby Morgan.
Accord also maintains a comprehensive portfolio
Berenson Capital, a sector-focused private equity practice investing in Software and Technology-enabled Services businesses, has acquired video collaboration and telehealth solutions provider Interactive Digital Solutions (IDS). Terms of the transaction have not been disclosed.
IDS is a leading provider of cloud-based video communications solutions to enterprises, healthcare systems and government entities. For more than 20 years, IDS has been helping their customers leverage next-generation solutions to facilitate communication and collaboration between all stakeholders. A premier element of IDS’s portfolio of solutions is their proprietary virtual patient observation platform, MedSitter.
IDS developed the MedSitter platform in 2017 to help healthcare systems
Entities, clients and funds managed by its affiliates of Apollo Global Management (the Apollo Funds) have committed to invest up to USD500 million in senior secured credit facilities originated by Victory Park Capital (VPC), a global investment firm with an extensive track record in asset-backed credit origination for emerging and established companies.
The new lending relationship between the Apollo Funds and VPC will focus on asset-backed lending (ABL) to companies that aggregate third-party sellers on Amazon and other e-commerce sites. VPC is a first mover in providing credit facilities to the industry’s leading players in this emerging, high-growth market. With this
Precisely, a global specialist in data integrity software, backed by Clearlake Capital Group, LP (together with its affiliates, Clearlake) and TA Associates, have agreed to acquire process automation and master data management software provider Winshuttle from Symphony Technology Group (STG). The announcement follows the completion of Precisely’s acquisition of data governance software provider Infogix earlier this month. Terms for both deals have not been disclosed.
In Winshuttle, Precisely is acquiring comprehensive process automation and master data management software for managing, moving and validating large data volumes spanning multiple systems of record, including SAP ERP, and requiring the highest levels of
CloudNine, a provider of eDiscovery automation software simplifying litigation, investigations, and audits has announced the closing of a major funding round led by Denver based, private equity firm, Crest Rock Partners (Crest Rock). Terms of the transaction were not announced. Steve Johnson and Jeff Carnes, partners and co-founders of Crest Rock will join the CloudNine Board of Directors.
Audax Private Debt, as Administrative Agent and Sole Lead Arranger, has provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centres (Summit) by MSouth Equity Partners (MSouth), an Atlanta-based private equity firm.
Based in Lawrenceville, GA, Summit is an operator of ambulatory surgery centers and pain management clinics in the greater Atlanta area. Summit provides interventional pain management treatment to patients who suffer from chronic pain symptoms.
“Dr Patel and his team have done an outstanding job building Summit into a leading provider of interventional pain medicine by offering comprehensive, patient-focused treatments,” says Rahman Vahabzadeh,
GCM Grosvenor, a global alternative asset management solutions provider, will seek to upsize its Term Loan by USD85 million to enable the repurchase of certain fund investments and rights to future carry associated with Mosaic (collectively, the Mosaic Assets).
Based upon values as of March 31, 20211, GCM Grosvenor will repurchase assets and carried interest at net asset value of approximately USD238 million (consisting of fund investments valued at USD87 million and unrealized carried interests net asset value of USD150 million) and rights to additional future carried interest associated with USD423 million of carry dollars at work, for an
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
