PE Weekly: Dealmakers and Their Partners Get Strategic About M&A
Strategic acquisitions span investment firms, investment banks, and M&A intelligence platforms
Platform Investments
Marlin Equity Partners Acquires Intelligent Locations. AI real-time location system software provider Intelligent Locations, which services the healthcare sector, has been acquired by Marlin Equity Partners. A recent press release said the investment from Marlin will go towards further investment in the company’s INTRAX platform to optimize hospital operations.
Partners Group, Arroyo Investors Acquire Life Cycle Power. Private investment firm Partners Group announced this week its acquisition of Life Cycle Power. The company provides mobile power generation solutions across the U.S. The investment was made in partnership with private equity firm Arroyo Investors, a press release noted.
Astira Capital Acquires CallRevu. Astira Capital Partners, a private equity firm focused on technology-enabled and data-driven services, has acquired CallRevu. The company provides a call intelligence platform for the automotive industry.
Saothair Capital Acquires GatesAir. Saothair Capital Partners, a middle-market private equity firm that targets the manufacturing and industrial sectors, has acquired GatesAir. The company is a designer, manufacturer, and installer of wireless content delivery and public safety communications equipment.
Add-Ons
Renovus-Backed F2 Acquires HBMJ Consulting. F2 Strategy, a business and digital transformation services firm serving global wealth and asset management firms, has acquired HBMJ Consulting. HBMJ is a consulting firm specializing in digital transformation; its acquisition expands F2’s presence into alternative investments. F2 is sponsored by Renovus Capital Partners.
Marlin’s Learning Pool Acquires WorkRamp. Marlin Equity Partners announced this week that its portfolio company, Learning Pool, a learning management system, has acquired WorkRamp. The investment broadens Learning Pool’s service offering to businesses, including startups and large, global enterprises.
Strategics
S&P Global and Motive Partners Acquire With Intelligence. S&P Global and a group led by Motive Partners have reached an agreement to acquire With Intelligence, according to a recent announcement. With Intelligence provides private market data, insights, and analytics. The transaction was made for $1.8 billion, the announcement noted.
Raymond James Acquires Majority Stake in GreensLedge Holdings. Financial services company Raymond James announced this week it acquired a majority stake in GreensLedge Holdings. The firm is a boutique investment bank specializing in structured credit and securitization. Sumitomo Mitsui Trust Group will retain a minority interest in the firm.
Brookfield Acquires Remaining Stake in Oaktree. Brookfield Corporation, a global investment firm, announced this week it will acquire the remaining shares in global alternative investment manager Oaktree that it does not already own. The transaction sees Brookfield acquire approximately 26% of Oaktree. Upon completion, Brookfield will own 100% of the firm.
Exits
SK Capital, Edgewater Capital Exit Luxium Solutions. SK Capital Partners and Edgewater Capital Partners announced this week they reached an agreement to sell Luxium Solutions. The company provides single crystal scintillation materials for radiation detection appliances. Excelitas Technologies, which services the life sciences, advanced industrial, and other end markets, will acquire the company.
Fundraising
Plexus Raises $1.3 Billion for Two New Funds. Plexus Capital, a private capital provider to the lower-middle market, has raised $1.3 billion for two new funds. The firm announced the close of Plexus Fund VII, which invests debt and equity ownership, and Plexus Equity Fund II, which supports the firm’s control buyout strategy.
Shore Capital Raises $850 Million Across Two Funds. Shore Capital Partners, a private equity firm based in Chicago with offices in Nashville, has announced $850 million in capital commitments across two new funds. The firm closed its sixth Shore Capital Healthcare Partners Fund as well as its second Shore Search Partners Fund. Shore Capital now has more than $14 billion in assets under management (AUM).
Insights
ECB STAR Launches Pre-Deal Practice in EMEA. ECB Star Group, a search and leadership advisory firm, has launched its Pre-Deal service offering in the EMEA (Europe, Middle East and Africa) region. The offering supports private equity firms and other investors in assessing and identifying leadership early in the investment cycle.
Middle Market Growth is produced by the Association for Corporate Growth. To learn more about the organization and how to become a member, visit www.acg.org.
