Platform Investments

LongRange Capital Acquires Pizza Hit for $1.5 Billion. Private equity firm LongRange Capital will acquire Pizza Hut from publicly listed Yum Brands for $1.5 billion, according to Reuters. Yum Brands is divesting the pizza chain in a transaction that sees Yum China Holdings acquiring Pizza Hut in Mainland China for $1.2 billion, while LongRange will acquire the remainder of the business.

Francisco Partners Acquires EfficientIP. Technology-focused global investment firm Francisco Partners has acquired EfficientIP, according to a press release. EfficientIP provides IP Address Management and DNS security solutions for enterprise clients.

Trulink Capital Invests in Horwitz. Trulink Capital announced this week it entered into an agreement to invest in Horwitz, a provider of mechanical, electrical, and plumbing services. The company services commercial and industrial facility clients.

Leonard Green Acquires Cumming Group from New Mountain. Leonard Green & Partners announced this week it has acquired Cumming Group from its previous sponsor, New Mountain Capital. Cumming is an advisory platform providing project and cost management solutions to blue chip clients.

The Riverside Company Backs AssetIntel. The Riverside Company, a lower middle-market investment firm, has invested in AssetIntel. The company provides infrastructure inspection and asset management software for transportation infrastructure owners, including state departments of transportation and federal agencies.

CVC Catalyst Acquires Stake in WillowWood from Blue Sea. CVC Catalyst, the middle-market private equity strategy from global private markets manager CVC, announced it will acquire a majority stake in WillowWood Holdings, a manufacturer of prosthetics. CVC will acquire the stake from Blue Sea Capital, which will remain a minority investor in the company.

Prime Radiant Invests $50 Million in Cellares. Cellares, an integrated development and manufacturing organization servicing cell therapy manufacturers, has closed its Series D funding round, with $50 million of the total $327 million raised by the business provided by Prime Radiant Partners. Prime Radiant is a recently-launched advisory firm that specializes in middle-market private equity investments across healthcare and life sciences technology.

Add-ons

Wincove’s Elite Equipment Rentals Acquires ISG. Elite Equipment Rentals, a provider of equipment rentals, parts, and service solutions, has acquired ISG Rents. The company provides equipment distribution and rental services. Elite is backed by Wincove Private Holdings and Ironwood Capital.

Godspeed’s GALT Acquires North Star Scientific. GALT Aerospace, a defense innovator serving government and military customers, has acquired North Star Scientific, a designer and manufacturer of defense electronics. GALT is a portfolio company of Godspeed Capital.

Renovus Capital’s xFact Acquires Stonewall. Public sector-focused digital transformation service provider xFact has acquired Stonewall Solutions, a provider of state and local government technology solutions. xFact is backed by Renovus Capital Partners.

TELEO-Backed Flatirons Acquires Scope AR. Flatirons Solutions, a provider of technical content and task management solutions for the aerospace, aviation, and defense spaces, has acquired Scope AR. Scope offers a platform providing visual work instructions and remote technology for frontline workers. Flatirons is backed by TELEO Capital Management.

Morrison’s Chrysalis Renewables Acquires Hanwha Assets. Chrysalis Renewables, a platform established by infrastructure investment firm and manager Morrison, has acquired two solar projects from Hanwha Renewables. A press release noted the investments are part of a broader partnership between Chrysalis and Hanwha that will see Chrysalis acquire more Hanwha assets to deploy construction-ready and operational renewables projects throughout the U.S.

Strategics

Centri Acquires Altair. Centri Business Consulting has made a strategic acquisition of Altair, according to reports this week. Altair is a property and casualty insurance and reinsurance underwriting and claim services firm. The investment marks Centri’s first acquisition and expands its existing Insurance Practice.

Fundraising

Clearlake Capital Raises $14.8 Billion for AI Investments. Clearlake Capital Group, a global investment firm, announced the close of Clearlake Capital Partners as well as related co-investment vehicles. Together, they represent $14.8 billion in capital commitments. The funding will support Clearlake’s sector-focused investment strategy with a broader focus on AI-driven transformation.

Align Capital Closes Two Funds Totaling $1.1 Billion. Align Capital Partners, a private equity firm focused on the lower-middle market, announced this week the closing of two funds with $1.1 billion in combined capital commitments. The firm closed its fourth private equity fund Align Capital Partners Fund IV with $770 million in commitments, as well as its independent sponsor-focused fund, Align Collaborate Fund II, with $375 million in commitments.

ACG Insights is produced by the Association for Corporate Growth. To learn more about the organization and how to become a member, visit www.acg.org.