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Friday’s deal flow painted a picture of private equity in full execution mode.
Exits dominated the headlines as Arcline flipped packaging parts supplier AmHolt to ProMach and Platte River sold specialty chemicals maker MFG Chemical to Windjammer. Fresh capital poured into renewable energy infrastructure through Crayhill's $300 million tax credit fund, while Quantum and Kayne Anderson doubled down on oil and gas with over $1 billion committed to South Wind Exploration.
On the fundraising front, Eir Partners closed an oversubscribed $1 billion healthcare fund and Adams Street launched its first middle-market CLO at $350 million, signaling continued appetite for structured credit and specialized strategies.
All of these stories and more below:
Today's Report
Major Investments & Infrastructure Deals
Quantum Capital Group
$1B+ Energy Commitment
South Wind Exploration & Production announced increased equity commitments of over $1 billion from Kayne Anderson and Quantum Capital Group. The Houston-based oil and gas company continues to scale its operations in the energy sector with backing from two major institutional investors.
Crayhill Capital
$300M Tax Credit Fund
The firms launched Monarch JVT Funding with $300 million in capital to provide tax credit transfer partnerships for renewable energy projects. Crayhill committed the full $300 million to the joint venture, which will invest in tax partnerships facilitating fair market value tax basis for renewable energy developers across utility-scale solar, battery storage, and distributed generation projects.
Lone Star Funds
Coral Gables Office Acquisition
An affiliate of Lone Star Real Estate Fund VII, along with affiliates of Highline Real Estate Capital and Square2 Capital, acquired The Alhambra, a 326,451-square-foot Class A office complex in downtown Coral Gables, Florida. The property marks Lone Star's second recent commercial real estate investment in South Florida, following its February 2025 acquisition of 401 East Las Olas Boulevard in Fort Lauderdale.
L Catterton
Good Culture Majority Investment
L Catterton acquired a majority stake in Good Culture, the cottage cheese and dairy brand. The consumer-focused private equity firm continues building its portfolio of better-for-you food and beverage companies.
Haveli Investments
Sirion Majority Investment
Haveli Investments made a majority investment in Sirion, a contract lifecycle management software provider. The deal expands Haveli's enterprise software portfolio as demand for AI-powered contract intelligence continues to accelerate.
Grant Avenue Capital
PatientCare EMS Acquisition
Grant Avenue Capital acquired PatientCare EMS Solutions, a provider of emergency medical services. The firm generally targets companies with approximately $5 million to $25 million of EBITDA and pursues founder recapitalizations, majority buyouts, minority investments, corporate carve-outs and special situations. McGuireWoods served as legal counsel to Grant Avenue on the transaction.
Fundraising Announcements
Adams Street Partners
$350M Middle-Market CLO
Adams Street Partners closed its inaugural middle-market collateralized loan obligation totaling $350 million. The CLO marks the firm's entry into the structured credit market, providing capital to support middle-market borrowers.
Eir Partners
$1B Oversubscribed Fund III
Eir Partners closed its oversubscribed Fund III at $1 billion. The healthcare-focused private equity firm exceeded its fundraising target as institutional investors continue allocating capital to specialized healthcare strategies.
Bruin Capital
$1B Sports Investment Platform
Bruin Capital launched a $1 billion sports investment platform in partnership with 26North and TJC. The platform will target investments across sports media, technology, and infrastructure as the sports industry continues its digital transformation.
Soren Acquisition Corp.
$253M Healthcare SPAC IPO
Soren Acquisition Corp. closed a $253 million IPO focused on healthcare SPAC deals. The blank-check company will target acquisition opportunities in the healthcare services and technology sectors.
M&A Transactions & Deals
Arcline sells AmHolt to ProMach – Arcline Investment Management announced the sale of its portfolio companies American Holt and Pride Engineering (collectively "AmHolt") to ProMach. With facilities in Massachusetts, Quebec, and Minnesota, AmHolt provides engineered aftermarket parts and consumables to the food and beverage packaging and processing markets. Read the full deal analysis →
Platte River Equity sells MFG Chemical to Windjammer Capital – Platte River Equity announced the sale of MFG Chemical to Windjammer Capital. Founded in 1980 and headquartered in Chattanooga, Tennessee, MFG is a developer and manufacturer of specialty chemicals serving water treatment and industrial coatings end markets. Read the full deal analysis →
Truelink Capital invests in Prime Electric – Truelink Capital announced an investment in Prime Electric, a leading provider of electrical services. The Los Angeles-based private equity firm continues to build its portfolio of essential infrastructure and industrial services businesses. Read the full deal analysis →
Bain Capital's BlueWater Marinas acquires KNB – BlueWater Marinas, a Bain Capital portfolio company, expanded its footprint with the acquisition of KNB. The deal continues BlueWater's consolidation strategy in the marina and waterfront hospitality sector.
Wingman Growth Partners-backed InterProse buys Beam Software – InterProse, backed by Wingman Growth Partners, acquired Beam Software. The transaction expands InterProse's capabilities in the software and technology services market.
Sheridan-backed Currier Plastics buys two medical contract manufacturers – Currier Plastics, backed by Sheridan Capital Partners, acquired two medical contract manufacturing companies. The acquisitions strengthen Currier's position in the healthcare plastics and medical device manufacturing sectors.
Radial Equity Partners merges Cortina with Plasticade – Radial Equity Partners merged Cortina with portfolio company Plasticade. The combination creates a larger platform in the traffic safety and construction products industry.
Valsoft acquires Jazzware – Valsoft Corporation acquired Jazzware, a hospitality software provider. The acquisition adds to Valsoft's growing portfolio of vertical market software businesses.
Applied Real Intelligence acquires majority interest in Lights Out Sports – Applied Real Intelligence acquired a majority stake in Lights Out Sports. The investment supports Lights Out's expansion in the sports technology and analytics market.
Veritas Capital acquires majority stake in GHX – Veritas Capital acquired a majority stake in GHX, a healthcare supply chain and data exchange platform. The transaction positions Veritas to capitalize on continued digitization of healthcare operations.
Kroger sells Vitacost.com to iHerb – Kroger Co. divested Vitacost.com to iHerb. The sale allows Kroger to focus on its core grocery operations while iHerb expands its health and wellness e-commerce platform.
Merck reportedly in talks to acquire Revolution Medicines – Merck is reportedly in discussions to acquire Revolution Medicines, a clinical-stage oncology company. If completed, the deal would expand Merck's pipeline in targeted cancer therapies.
Anta Sports bids for 29% stake in Puma – Chinese sportswear giant Anta Sports submitted a bid for a 29 percent stake in Puma, signaling continued consolidation in the global athletic apparel industry.
First Community Corporation finalizes deal for Signature Bank of Georgia – First Community Corporation completed its acquisition of Signature Bank of Georgia, expanding its community banking footprint in the Southeast.
Investment Banking & Advisory
Barclays Leads $2.6B Debt Financing
Barclays is leading a $2.6 billion debt financing package for Blackstone's merger of MacLean Power Systems with Power Grid Components. The transaction highlights the reopening of leveraged loan markets and strong investor appetite for infrastructure-related credits as private equity firms position around grid modernization and energy transition themes.
Wall Street Jostles for Rio-Glencore Advisory Roles
Investment banks are competing for advisory mandates on the potential Rio Tinto-Glencore merger, with fees estimated to exceed $100 million. The transaction would represent one of the largest M&A deals in mining history and a marquee assignment for the winning advisors.
People Moves
Nautic Partners – Ryan R. Dresner joined Nautic Partners as Senior Fund Accountant. Dresner brings accounting and fund administration experience to the Providence-based middle-market private equity firm.
KeyBanc Capital Markets - Neeraj Chugh has been appointed to expand its consumer services coverage. The hire strengthens KeyBanc's investment banking capabilities in the consumer sector as deal activity accelerates.
American Pacific Group – The firm hired Wyatt Brothers as Principal. Brothers will focus on deal sourcing, execution, and portfolio company value creation initiatives.
Align Capital Partners – The Cleveland and Dallas-based firm posted an opening for Investment Team Vice President. The role involves sourcing new investments, leading due diligence processes, structuring and executing platform and add-on acquisitions, participating on portfolio company boards, and mentoring junior investment professionals.
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That's the wrap. More deals coming your way on Monday.
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