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GM {{first_name|friends}}, apologies for missing yesterday’s report - WiFi issues on the flight back from Finland. To make up for it - we have a special double-issue today covering February 4th and today.
KKR agreed to acquire sports investment firm Arctos Partners for $1.4 billion, while separately taking full control of STT GDC for $5.1 billion—KKR's largest infrastructure investment in Asia Pacific to date. A $1.1 billion offer hit the table for MarineMax. Fund closes stacked up: BayHawk at $616 million, Shore Capital at $400 million, CAZ launching a GP Stakes Fund.
Over 40 platform deals dropped across defense tech, space systems, healthcare, industrial distribution, waste management, HVAC, packaging, geospatial services, and more. Lindsay Goldberg tapped a co-CEO. The sheer volume signals capital deployment isn't slowing.
Let's dive in.
KKR
Arctos Partners Acquisition & STT GDC Data Center Stake
KKR agreed to acquire sports investment firm Arctos Partners for $1.4 billion, marking a major push into sports franchise investing and asset management solutions for sponsors.
Separately, KKR and Singapore Telecommunications are taking full control of STT GDC for $5.1 billion, valuing the company at S$13.8 billion enterprise value—KKR's largest infrastructure investment in Asia Pacific to date. STT GDC operates more than 100 data centres in over 20 markets worldwide with a total IT load of 2.3 gigawatts.
Donerail Group
MarineMax Acquisition Offer
Donerail Group submitted a non-binding offer to acquire MarineMax for $35 per share, implying a total transaction value of approximately $1.1 billion and a 38% premium over the 60-day VWAP, targeting the world's largest recreational boat and yacht retailer, marina operator and superyacht services company.
Goldman Sachs Alternatives
Learning Platform Investment
Goldman Sachs Alternatives' Sustainable Investing business invested in LearnWell, a provider of academic and mental health services for students partnering with hospitals and school districts nationwide.
Antin Infrastructure
Shipyard Acquisition
Antin Infrastructure Partners agreed to acquire Vigor Marine Group from Lone Star Funds, with Vigor operating shipyards in Portland, Seattle, and Alaska generating nearly $1 billion in annual revenue.
BayHawk Capital
$616M Inaugural Fund
BayHawk Capiclosed its inaugural fund at $616 million, focusing on founder-owned technology and essential services businesses with $25 to $150 million equity checks per deal.
Shore Capital Partners
$400M Industrials Fund II
Shore Capital closed its second industrials fund at $400 million, targeting niche industrial businesses with recurring demand and scaling operations.
CAZ Investments
CAZ GP Stakes Fund
launched the CAZ GP Stakes Fund, a registered interval fund making GP Stakes accessible to investors, with CAZ having deployed over $6 billion into GP stakes across private equity, credit, and real estate.
Charlesbank Capital Partners
Eterna Growth Partners Spinout
Eterna Growth Partners completed its spinout from Charlesbank Capital Partners, with the Charlesbank Technology Opportunities team finalizing legal separation and rebranding.
Insight Partners
$21 million Series A
Insight Partners led a $21 million Series A in Pasito, an AI workspace platform for the benefits industry eliminating manual work across insurance and benefits operations from quote to claim.
WestCap
Fit Foods Investment
WestCap completed an investment in Fit Foods, a Canadian global nutrient company with approximately 200 employees and over 200,000 square feet of manufacturing and warehousing space celebrating its 30th anniversary.
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Monogram Capital Partners' Precision Door Tri-State acquired Foris Solutions, a leading multi-territory Precision Door Service franchisee based in Plymouth, Michigan, creating one of the largest operators in the Precision Door Service System.
MiddleGround Capital acquired Pi Innovo from Dana Incorporated, integrating the designer and developer of open platform electronic control systems into portfolio company New Eagle to broaden solutions across ICE and electrified vehicle programs for automotive, commercial vehicle, off-highway, aerospace and defense industries.
LLR Partners' Viventium acquired Apploi, an all-in-one platform for hiring, onboarding, and scheduling healthcare talent serving over 9,000 healthcare organizations, creating a category-leading HCM provider purpose-built for the post-acute market across all 50 states.
Sterling Group's PrimeFlight Aviation Services acquired GAT Airline Ground Support from Atlantic Street Capital, adding GAT's 4,000+ team members servicing 68 U.S. and Canada locations with high-touch ground handling, aircraft catering, and cargo services.
H.I.G. Capital acquired CargoTuff, a vertically integrated cargo equipment manufacturer with 300+ employees and 30+ years of experience in extrusion, weaving and confection of polypropylene and polyethylene products for airbags and woven strapping.
Gemspring Capital acquired and combined FORM, an AI-powered frontline execution platform, with Trax's image recognition business, creating an end-to-end retail execution and data intelligence software platform serving brands, distributors, and retailers across the global CPG ecosystem.
Mill Point Capital sold Verinext, a leader in delivering transformative business outcomes through technology and services, to Gallant Capital-backed Arctiq, uniting professional IT solutions and managed services with complementary strengths across hybrid infrastructure, networking, data, AI, security, and enterprise service management.
MPE Partners sold 80/20 to Littlejohn & Co., with 80/20 headquartered in Columbia City, Indiana, as the North American market leader in premium, configurable modular framing solutions serving automation, productivity, and safety applications.
RoundTable Healthcare Partners invested in Colorescience, a premium skincare and sun protection brand, marking RoundTable's ninth consumer healthcare platform investment focused on expert-recommended and consumer-preferred brands.
Salt Creek Capital's Corsi Group, an Indianapolis-based FDMC 300 company, acquired Builders Cabinet, a Chicago-based manufacturer of bath and kitchen cabinetry serving builders and remodelers.
Accel-KKR's Masabi acquired Passenger Technology Group Ltd, a UK-based passenger information and ticketing company, enhancing Masabi's end-to-end mobility offering by combining its global fare collection and payments solution Justride with Passenger's white-label mobile applications and real-time information tools for UK public transport.
Falfurrias' Woven Solutions, a leading provider of AI-enabled mission software for the National Security community, acquired Apira Technologies to strengthen Woven's ability to deliver holistic commercial technology solutions to cyber operators.
Qualis, InTrack Radar Technologies, and Tektonux merged to form a Bluestone Investment Partners portfolio company combining hardware and software products for agile modernization of missile defense, space domain awareness, integrated fires, and electronic warfare supporting the U.S. Army and defense customers.
Auria (Enlightenment Capital) acquired BCubed Engineering to expand space software capabilities and comprehensive defense solutions for command, control, and communications applications.
Skyline Investors acquired Buddy's Home Furnishings, the lease-to-own home furnishings retailer beginning a new chapter with the private equity firm.
DXP Enterprises acquired Ambiente H2O, a Colorado-based manufacturer's representative specializing in water and wastewater treatment equipment and services, expanding DXP's presence in the municipal water sector.
Carousel Capital completed a continuation vehicle transaction for Ethos Risk Services, an insurance services platform.
Renovus Capital's Superior Health Holdings acquired Pulse Home Health and Hospice, expanding its Louisiana hospice footprint with the addition of home health and hospice services.
FirmaPak acquired Easy Plastic Containers Corporation, adding packaging manufacturing capabilities to its platform.
CORE Industrial Partners' portfolio company IMMEC, a full-service provider of facility maintenance, retrofit, and renovation services, announced a strategic investment in Helton Electrical Services, a Georgia-based provider of electrical, utility and HVAC repair, maintenance, and installation services founded in 1996.
Averon Group launched as a national HVAC distribution platform and announced an investment in Fenco Supply, establishing its presence in the heating, ventilation, and air conditioning distribution market.
Reliable Energy completed its fifth acquisition with the purchase of Irvington Gas, continuing its propane and energy services consolidation strategy.
SK Capital's Excelitas Technologies announced the closing of its Luxium Solutions acquisition, adding scintillation materials and radiation detection capabilities to its photonics platform.
O2 Investment Partners' Straightaway Tire & Auto announced a partnership with Silverlake Automotive, expanding its Mountain West footprint and reaching 87 shops nationwide in the automotive services sector.
Sky Island Capital portfolio company acquired assets of Olympus Group, adding capabilities to its platform.
A&M Capital Europe agreed to sell Ayesa, a Spanish engineering and technology consulting firm, exiting its investment in the European professional services company.
Align Capital Partners' Schneider Geospatial acquired Bruce Harris Associates, adding geospatial and surveying capabilities to its platform serving infrastructure and development markets.
Allied Industrial Partners' Liberty Waste Solutions acquired AJ Disposal, expanding the waste management platform's operations in North Carolina.
Stellus Capital Management provided unitranche financing supporting Tailwind Capital's investment in Valor Fleet Services, a provider of fleet maintenance and repair services.
No major regulatory or industry developments tracked today.
Lindsay Goldberg named Russell Triedman Co-Chief Executive Officer alongside founder Alan Goldberg, with Triedman at the firm since inception over 25 years ago and previously serving as Managing Partner since 2020.
Soundcore Capital Partners promoted Tejas Tope from Senior Associate to VP Investment, Nate Reilly from Senior Associate to VP Origination, and Vijay Chinnam from Associate to Senior Associate Investment.
Somerset Re appointed Steve Belcher as CFO, bringing 34+ years of experience most recently as SVP Global Controller and Reinsurance CFO at MetLife.
AE Industrial Partners promoted eight team members including Jon Lusczakoski to Partner, Alyssa Goessler, Adrian Lee, Tucker Long, and Dave Paolantonio to Vice President.
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That's the wrap. More deals coming your way tomorrow.
- Private Markets Minute Team