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Bruckmann, Rosser, Sherrill & Co. and Performance Equity Management have acquired Phoenix-based gym club chain Eos Fitness Holdings LLC. No financial terms were disclosed. Fifth Street Finance Corp. and Stellus Capital Investment Corp. provided debt financing for the transaction and co-invested in the equity. Integrity Square provided financial advice to Brad Neste who founded Eos Fitness in 1985.
Whitehorse Liquidity Partners has hired 29 professionals since the start of 2020, increasing the team's size to 67.
Consumer & Retail news
Endless LLP has sold UK-based Antler, a luggage brand, to ATR Holdings Limited.
Ares Management Corp and OMERS Private Equity have agreed to sell National Veterinary Associates to JAB Investors. Financial terms weren’t announced. National Veterinary is a veterinary and pet care services organization.
Onex Corp has sold 37.5 million shares of SIG Combibloc Group, generating US$556 million in gross proceeds.
Newlight is led by David Wassong and Ravi Yadav, who spun out of Soros Fund Management in 2018.
Great Hill Partners and Spectrum Equity said Nov. 25 that they agreed to buy the assets of IBM’s sales performance management business. Financial terms weren’t announced. Great Hill and Spectrum are relaunching Varicent Software, which will be led by Marc Altshuller. IBM acquired Varicent in 2012.
Providence Equity Partners has named CEO and founder Jonathan Nelson as executive chairman.
Blackstone is buying a majority of Servpro via a recap. Financial terms weren’t announced. Servpro is a cleaning and emergency restoration company. The Wall Street Journal pegged the deal at $1 billion.
Spartan Energy Acquisition Corp, a blank check company focused on the energy industry in North America, has debuted its IPO after pricing its 48 million shares at $10 per share. The stock began trading August 10, 2018 on the New York Stock Exchange under the ticker symbol "SPAQ.U." Citigroup Global Markets Inc and Credit Suisse Securities (USA) LLC are the lead underwriters. Spartan Energy Acquisition Corp is backed by Apollo Global Management LLC. 
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