PE Weekly: Healthcare Deals Return, and Datasite Acquires Grata
Plus, food and beverage transactions also make an appearance
Platform Investments
Swander Pace Acquires Maple Donuts. Swander Pace Capital, a consumer-focused private equity firm, has acquired Maple Donuts. The Pennsylvania-based frozen bakery product manufacturer is Swander Pace’s 15th acquisition in the bakery space, a press release said.
Concord Health Provides Growth Financing to Accelus. Medical technology company Accelus, which specializes in expandable spinal implant technologies, has received growth financing from Concord Health Partners. Accelus will use the funding on product development and commercial growth, according to an announcement.
Bernhard Capital Launches Utility Engineering Platform. Bernhard Capital Partners, an infrastructure-focused private equity firm, has announced the launch of its utility engineering and consulting platform following the acquisition of TechServ. The utility service provider offers engineering, oversight, telecommunication design and other services. The platform will support grid modernization across the electric power and telecom utility sectors, an announcement noted.
Carlyle, SK Capital Take bluebird bio Private. Carlyle and SK Capital Partners have acquired bluebird bio, a gene therapies business. The transaction takes bluebird bio private, delisting the business from the NASDAQ. Backing from Carlyle and SK Capital will support scale of the company’s gene therapy offerings.
Roark Capital Takes Majority Stake in Dave’s Hot Chicken. Roark Capital has acquired a majority stake in fast food chain Dave’s Hot Chicken, reports this week said. The transaction was reported to near $1 billion, which Dave’s CEO Bill Phelps confirmed to CNBC as “pretty close” to the transaction price.
Haveli Acquires Accommodations Plus International. Tech-focused private equity firm Haveli Investments announced its acquisition of Accommodations Plus International this week. The company provides crew accommodation and travel technology solutions. Haveli’s backing will fuel geographic expansion and development in its technology.
Borgman Capital Acquires Forklift Manufacturer. Borgman Capital has acquired Harlo Corporation, a manufacturer of rough terrain forklifts and attachments, according to a recent press release. Backing from Borgman will help Harlo expand into new markets and develop new products.
BayPine Takes Majority Stake in Harbor Global. Harbor Global, a consulting and technology services provider servicing the legal industry, announced in a press release that private investment firm BayPine LP has acquired a majority stake in the business. Harbor’s initial private equity sponsor Renovus Capital Partners will retain a stake in the company.
Paceline Backs Everflow Supplies. Paceline Equity Partners has invested in Everflow Supplies, the wholesale plumbing, electrical and industrial products distributor announced this week. Paceline has appointed a new CEO for the business, a press release said.
Add-Ons
Datasite Acquires Grata. Datasite, a SaaS provider of AI workflow solutions for the M&A community, has acquired Grata, a leading AI-native private market intelligence company. Datasite’s majority shareholder CapVest Partners plans to invest $500 million to fuel Datasite’s expansion organically and through additional acquisitions, a press release said. In a statement, Datasite CEO and President Rusty Wiley said the addition of Grata creates “an unmatched powerhouse of market intelligence.”
American Securities’ NWN Acquires InterVision. American Securities-backed NWN Corporation, an AI tech solutions provider, announced its acquisition of InterVision Systems from MidOcean Partners. InterVision, NWN’s second acquisition since being acquired by American Securities last year, enhances NWN capabilities across customer experience, cloud services and more.
Angeles Equity’s O’Hara’s Son Roofing Acquires Total Systems. O’Hara’s Son Roofing, a portfolio company of Angeles Equity Partners, has acquired Total Systems Roofing. Total Systems is a commercial roofing provider based in Illinois and marks the second strategic acquisition for O’Hara’s.
Clearview’s Capitol Imaging Announces Two Add-ons. Clearview Capital-backed Capitol Imaging Services, a medical imaging service provider, has announced two add-on acquisitions. The company acquired Houston Premier Radiology Center and Alliance MRI, two diagnostic imaging service providers.
Unity Partners’ Prosperity Partners Acquires Danaher Attig & Plante. Prosperity Partners, a tax and accounting business based in Chicago, has acquired tax and accounting firm Danaher Attig & Plante, based in Vermont. Prosperity is backed by Unity Partners LP.
Exits
One Rock Exits Island Energy Services. One Rock Capital has announced the sale of its majority stake in Island Energy Services, an import, storage and distribution network in Hawaii. First Reserve and Fortress Investment Group will acquire the equity, while One Rock will retain a minority stake in the company.
Fundraising
RCP Advisors Raises $314 Million. RCP Advisors, a Chicago-based sponsor of private equity funds-of-funds, secondary funds and investment funds focused on the lower-middle market, has closed its nineteenth fund of funds, raising about $314 million. Fund XIX will target investments with buyout fund managers focused on committed capital of less than $1 billion.
Insights
Investment Bank Bryan Garnier Acquired by Stifel Financial. Publicly listed Stifel Financial Corporation has acquired investment bank Bryan Garnier & Co., a press release said. Bryan Garnier specializes in European tech and healthcare with its M&A advisory and other services.
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.
