GI Partners recapitalizes Patriot Growth Insurance Services

Summit Partners, which invested in Patriot in 2019, and Patriot management will maintain significant minority ownership positions in the company.

Lightyear Capital makes strategic investment in Shellman & Company

Going forward, Schellman, a licensed CPA firm, will provide attest services, and Schellman Compliance, LLC, a newly formed entity, will provide non-attest services.

Ontario Teachers’ to acquire minority interest in Greenstone

Ontario Teachers’ Pension Plan has agreed to acquire a 33.4 percent interest in Greenstone, a Sydney, Australia-based insurance distributor.

Kudu to take minority stake in DWA

Kudu Investment Management has agreed to acquire a minority stake in Douglass Winthrop Advisors, an investment advisor.

CVC invests in CFGI at $1.85bn valuation

Carlyle, three years into its investment, will remain a shareholder in the non-audit accounting and finance advisory firm.

BHMS and Abry to acquire Innovisk from Wills Towers Watson

BHMS Investments and Abry Partners have agreed to acquire a majority ownership stake in Innovisk Capital Partners, an insurtech company, from Willis Towers Watson.

CVC and Glendower to merge

CVC and Glendower Capital have agreed to merge and and form a partnership.

Victory Capital to buy New Energy Capital

Victory Capital has agreed to acquire New Energy Capital Partners, an alternative asset management firm that invests in small-and mid-sized clean energy infrastructure projects and companies.

Cinven to invest in True Potential

Cinven has agreed to make a majority investment in True Potential, a UK-based financial services company.

Align Capital-backed WilliamsMarston adds-on Chord Advisors

Align Capital managing partner Chris Jones, operating partner Dave Perotti, principal Matt Beesley and associate Aaron Lewis worked on the transaction.

L Squared acquires Sterling Trading Tech

L Squared Capital Partners has acquired Chicago-based Sterling Trading Tech, a provider of trading solutions to the professional and retail global capital markets.

MDP-backed Navacord buys C&C Insurance, Vanta Benefits

Navacord Corp has acquired Komoka, Ontario-based C&C Insurance Group and Edmonton, Alberta-based Vanta Benefits, both group benefit and retirement brokerages.

Eden Capital funds Wall Street Prep

Eden Capital has made an investment in Wall Street Prep, a financial training firm.

Genstar-backed Alera Group to merge with Propel Insurance Agency

Alera Group, which is backed by Genstar Capital, has agreed to merge with Tacoma, Washington-based Propel Insurance Agency, an insurance broker.

Apollo agrees to buy 50 pct stake in CRE fund manager MaxCap Group

MaxCap co-founders Wayne Lasky and Brae Sokolski will continue leading the company and retain remaining shares once the deal closes. 

OMERS’ Oxford, CPPIB mull Royal Bank Plaza sale: Reuters

Oxford Properties Group and co-investor Canada Pension Plan Investment Board have hired RBC Capital Markets to explore a potential sale of Toronto’s Royal Bank Plaza, Reuters reported.

Rothschild & Co hires former Truist Securities executive Bob Berry

Berry will work out of Rothschild's Boston office, which the firm is just opening.
private equity deals, PE Hub

SunTx sells NBIS

SunTx Capital Partners has sold NationsBuilder Insurance Services, a provider of specialty construction risk management and insurance.

Apex to buy Sanne Group

Apex Group is buying Sanne Group, a London-based provider of asset management services.

Onex invests in TA-backed Wealth Enhancement Group

Canadian private equity firm Onex Corp has made an equity investment in Wealth Enhancement Group, a Minneapolis-based wealth management firm.


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