Galaxy Digital Asset Management (GDAM), the diversified asset-management arm of Galaxy Digital Holdings Ltd dedicated to the digital assets and blockchain technology industry, is investing in Europa Digital Assets, an active alternative investment manager focused on crypto opportunities. GDAM’s investment will provide seed capital for the firm’s Europa Opportunistic Offshore Fund, a newly launched fund that will offer investors exposure to cryptocurrency markets by actively managing investments across the digital asset ecosystem, including spot assets, derivatives, and DeFi protocols. Europa will also utilise Galaxy Digital’s trading platform.  Additional terms of the partnership have not been disclosed. Europa is managed by

Sentinel Capital Partners, a private equity firm that invests in promising mid-market companies, has acquired Bandon Holdings, the largest franchisee in the Anytime Fitness family. Terms of the deal have not been disclosed. Based in Austin, Texas, Bandon operates 213 Anytime Fitness clubs and has more than 140,000 members. Bandon’s strategy has traditionally focused on owning and operating clubs in small suburban and rural markets with limited fitness club options. Bandon’s clubs are well maintained and feature high-quality equipment and personal training services, offering a friendly, convenient fitness solution to local communities in 24 states.

Ironwood Capital has exited its investment in Ripley Tools (Ripley), which was sold to Hubbell Incorporated earlier this month. Ripley designs and manufactures cable preparation tools, testing and measuring equipment for the fibre optic, coaxial cable, telecom and electrical utility markets. Ironwood Capital provides non-control growth capital to middle market companies across the US. The Firm has invested more than $1 billion in over 100 companies since 2001 and currently invests subordinated debt and minority equity in amounts ranging from $10 million to $30 million. 

An affiliate of IK Partners’ IK VII Fund has entered into a put option agreement to sell its stake in Exxelia to global aerospace business HEICO Corporation (HEICO).

An affiliate of Clearlake Capital Group has acquired BBB Industries (BBB), a sustainable manufacturer of non-discretionary automotive, industrial, energy storage, and solar parts, from Genstar Capital (Genstar). Duncan Gillis, CEO of BBB, will continue to lead the Company supported by the existing management team. The terms of the transaction were not disclosed.   Founded in 1987, BBB has been a pioneer in sustainable manufacturing and the circular economy through its operations, which improve and extend the useful life of critical automotive parts. Historically, BBB specialised in the remanufacturing of non-discretionary parts for the personal and commercial vehicle aftermarket, including starters,

Algebris Investments’ first private equity fund, the Algebris Green Transition Fund, is acquiring a majority stake in Omnisyst, an Italian provider of waste management solutions for industrial and commercial clients in what will be the fund’s first investment. The Algebris Green Transition Fund will acquire 70% of the share capital of Omnisyst from Ezio Speziali, founder and current CEO, who will remain CEO and a 30% shareholder. Omnisyst provides services in waste management, logistics, waste treatment, recycling, and material recovery to the private sector. Omnisyst has a fully digital process and real-time traceability, thanks to proprietary software that allows the

Keensight Capital is to invest alongside management in Axxam, a innovative Partner Research Organization (iPRO) in the life sciences industry. The deal will see the private equity manager acquire a majority stake in Axxam from the current shareholders, including Bayer SpA and Zambon Company SpA. Axxam, headquartered in Milan (Italy), employs around 180 people, most of whom have received PhDs in life sciences related disciplines. The Company is one of the largest biology-centric organisations, providing research services to major life sciences companies around the globe. Keensight Capital intends to support the management team, led by the two co-founders Dr Stefan

Azimut Group’s (Azimut) US subsidiaries, Azimut Alternative Capital Partners, and AACP Investments (together AACP), are to acquire a minority equity interest in RoundShield Partners, a European special opportunities investment firm with offices in Jersey, London, Geneva, Madrid, Paris and Luxembourg. The Eversource Energy Retirement Plan, AACP’s first strategic limited partner, also participated in the transaction through its capital commitment to an investment fund managed by AACP. Inclusive of this new transaction, total Private Markets AuM managed by AACP affiliates is now $16 billion (ca $3 billion pro-rata for AACP).   AACP was established in November 2019 with the purpose of