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Infrastructure and specialty lending dominated Wednesday's deal flow, with GTCR closing its C$2.8B DentalCorp acquisition and launching Ascent Sports Group with former Match Group President Gary Swidler. Fortress led a $500M credit facility for Blue Raven Solutions, NGP backed battery storage through Liminal Energy, and Heartland Ventures closed a $60M fund targeting Midwest reindustrialization.
Let's break down all of these and more.
Today's Report
Major Investments & Infrastructure Deals
NGP Energy Capital
$200M Battery Storage Investment
NGP Energy Capital made a $200 million investment in Liminal Energy, positioning for AI-driven power demand growth. The Houston-based firm is backing grid-scale energy storage as data centers and AI infrastructure strain existing capacity.
Insight Partners
$55M Series C for Pomelo
Insight Partners led a $55 million Series C for Pomelo, the Argentina-based payments infrastructure platform modernizing cross-border transactions in Latin America.
Godspeed Capital
Engineering Resource Group Investment
Godspeed Capital took a strategic stake in Engineering Resource Group (ERG), a Mississippi-based defense contractor specializing in surveillance and intelligence operations.
Fengate Private Equity
Sussex Strategy Group Investment
Fengate Private Equity invested in Sussex Strategy Group, a Canadian advisory firm, to fuel national expansion in strategic consulting and government relations services.
Fundraising Announcements
Heartland Ventures
$60M Fund III
Heartland Ventures closed its $60 million Fund III, backed by a network of Midwestern business owner-operators. The fund targets reindustrialization opportunities across the heartland, focusing on manufacturing and industrial tech.
Fortress Investment Group
$500M Blue Raven Credit Facility
Fortress Investment Group led a $500 million senior secured credit facility for Blue Raven Solutions, a defense and intelligence contractor.
WhiteHorse Capital
Marki Microwave Financing
WhiteHorse Capital provided a new credit facility to Marki Microwave, a Morgan Hill, California-based RF and microwave component manufacturer. The financing backs Marki's expansion in defense and aerospace markets.
Crescent European Specialty Lending
Apheon Trenchless Pipe Financing
Crescent European Specialty Lending financed Apheon's buy-and-build platform in the trenchless pipe rehabilitation market.
Chicago Atlantic
S1 Enterprises Cannabis Financing
Chicago Atlantic closed a senior secured financing to S1 Enterprises, parent company of Illicit Cannabis, a Michigan-based dispensary chain.
AEA Private Debt
Tenax Aerospace Recapitalization
AEA Private Debt led a junior debt investment supporting NTC Group's recapitalization of Tenax Aerospace, a supplier to the aerospace and defense industry.
H.I.G. Bayside Capital Europe
Amerplast Group Refinancing
H.I.G. Bayside Capital Europe completed a refinancing of Amerplast Group, a Finnish flexible packaging manufacturer, optimizing the capital structure for continued European expansion.
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M&A Transactions & Deals
GTCR closes C$2.8B DentalCorp acquisition – GTCR closed its C$2.8 billion acquisition of DentalCorp, Canada's largest dental services organization, from KKR and other investors. The deal gives GTCR a platform with 600+ practices and positions the firm in North America's consolidating dental market.
Platinum Equity acquires Czarnowski Collective – Platinum Equity acquired Czarnowski Collective, a $345 million-revenue experiential marketing and event services company.
Grant Avenue Capital acquires 21st Century Healthcare – Grant Avenue Capital acquired 21st Century Healthcare, a healthcare services provider, continuing the firm's build-out in middle-market healthcare.
TowerBrook takes stake in insurance claims company – TowerBrook Capital Partners took a stake in an insurance claims company, expanding its financial services portfolio.
BV Investment Partners launches Altimeter Solutions Group – BV Investment Partners launched Altimeter Solutions Group alongside a founding management team, creating a new platform in the business services sector.
Heartwood's Amlon Group acquires Mastermelt America – Heartwood Partners' portfolio company The Amlon Group acquired Mastermelt America, expanding Amlon's capabilities in specialty materials and manufacturing.
Renovus' BlueRidge acquires Design Science – Renovus Capital Partners' BlueRidge Life Sciences acquired Design Science, adding human factors and usability engineering capabilities to its medical device services platform.
Garnett Station-backed StayTerra invests in Moving Mountains – StayTerra expanded its vacation rental portfolio with an investment in Moving Mountains, a luxury property management company. The deal was backed by Garnett Station Partners.
Montage Partners exits AdvantCo – Montage Partners successfully exited its investment in AdvantCo, a provider of SAP integration solutions.
Regulatory & Industry Developments
No major regulatory or industry developments tracked today.
People Moves
GTCR – The Chicago-based firm appointed Rohan Ranadive as Chief Financial Officer, succeeding Anna May Trala, who transitions to Senior Advisor after serving as CFO and Managing Director. Ranadive brings extensive financial leadership experience to the firm.
GTCR and Gary Swidler launch Ascent Sports Group – GTCR partnered with Gary Swidler, former President and CFO of Match Group, to launch Ascent Sports Group, a new platform targeting sports technology and consumer engagement. Swidler brings deep consumer tech and M&A expertise to the venture.
Upcoming Events
That's the wrap. More deals coming your way tomorrow.
- Private Markets Minute Team