Peterson Search Partners, a Peterson Partners strategy dedicated to search funds and micro-cap buyouts, has held the of its second fund (Fund II) at $100 million. The fund is mandated to invest behind “search fund” operators into cash-flowing businesses.     Peterson Partners and Joel Peterson have been in the search space for the past two decades, backing search entrepreneurs in companies such as of PEC Safety, Stealth Monitoring, Integra, Design Communications, Performance Systems Integration, and HemaSource.

An affiliate of middle-market private investment firm Peak Rock Capital (Peak Rock) has closed on the sale of TNT Crust (TNT) to General Mills. Headquartered in St Charles, Missouri, TNT is a provider of partially baked, self-rising, and better-for-you pizza crusts. TNT serves a diverse, blue-chip customer base including foodservice distributors, national pizza chains, and retail brands.    Since acquiring TNT in a corporate carve-out from Tyson Foods  in late 2018, Peak Rock has supported the company’s strategic growth and operational initiatives, including substantially increasing capacity at its Green Bay, WI facilities, opening a new state-of-the-art production facility in St

Lynx Software Technologies (Lynx), a developer of open architecture software solutions for embedded systems, has received a strategic investment from affiliates of OceanSound Partners (OceanSound), a private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets. Based in San Jose, California, Lynx provides software solutions and related services which support the development, integration, certification, and maintenance of safety- and security-critical systems positioned at the mission critical edge. Lynx’s offerings enable customers in the aerospace, defence, industrial, and critical infrastructure end-markets to deploy systems more rapidly, reliably, and cost-effectively by aligning with open standards

Global alternative asset manager ICG’s North American Direct Private Equity team has completed the acquisition of Seaway Plastics Engineering (Seaway), a provider of injection-moulded, engineered components and value-added services to the medical device, healthcare, specialty industrial, A&D, and other end markets in the United States. ICG’s North American Direct Private Equity team will work with Seaway to grow the business organically, as well as through acquisition, in order to expand both its product and geographic footprint. Financial terms of the transaction have not been disclosed.    Seaway was founded in 1984 and has grown to become a full-service partner to

Ephelia Capital, a Swiss-based financial hub for Professional Investors, Entrepreneurs and Financial Institutions, has acquired a majority stake in financial asset streaming fintech Streamable Finance. Ephelia Capital will now control 80% of the company and support its rapid growth through new investors and partners coming on board. The deal is part of Ephelia’s ongoing investment strategy and commitment to the DeFi and digital asset space.    Streamable Finance, a London-based fintech, allows users to stream financial assets on the blockchain such as currencies and securities and thus swap and stake them in order to earn fees and rewards.

BBH Capital Partners (BBHCP), the private equity arm of Brown Brothers Harriman & Co (BBH), has completed an investment in Quest Technology Management (Quest or the Company) in partnership with management and existing shareholders. Founded in 1982 and headquartered in Sacramento, California, Quest is one of the largest founder-owned outsourced IT service providers in the US and focuses on cybersecurity, disaster recovery, cloud infrastructure, and unified communications. Quest serves thousands of middle-market customers across a range of end markets, including Healthcare, Education, Aerospace & Defence, Finance, and Telecommunications.

Private investment firm Auxo Investment Partners has acquired Breyden Products, which will operate under the Precision Products Group (PPG) platform and brand. PPG is the parent company of Paramount Tube—a premier manufacturer of industrial tubing—as well as Euclid Medical Products.    As PPG’s first acquisition under the ownership of Auxo, the deal advances Auxo and PPG’s plans to build a diversified platform of niche manufacturers with defensible market positions that unite ecofriendly solutions, mechanical strength, and material know-how under a collective focus on heat solvation, thermal control, and electrical insulation. The platform is seeking additive acquisitions with like-minded manufacturers focused