Deal Wrap: CVC plans investment in Unily; Main Street exits CAI Software

Deal Wrap is updated as of 4 p.m. ET.

* CVC Capital Partners Ltd. announced an upcoming investment in U.K.-based Unily, the software developer behind a digital workplace platform. Financial terms were not disclosed. Expected to close in the first quarter of 2022, the transaction will give CVC a majority stake in the company formerly known as BrightStarr Ltd, which also has investments from Silversmith Capital Partners and Farview Equity Partners Ltd. Financial advisers on the deal included Arma Partners for Unily and Shea & Co. for CVC, while legal advisers were Skadden Arps Slate Meagher & Flom (Unily) and White & Case (CVC). Debt financing was via Sixth Street.

* Endicott Management Co.'s Endicott Growth Equity Partners LP announced its acquisition of a majority stake in Great Neck, N.Y.-based Information Clearinghouse Inc. and Market Service Inc., whose brands provide financial intelligence on retailers and commercial real estate. Terms were not disclosed for the transaction. Raymond James served as financial adviser to Information Clearinghouse, and Houlihan Lokey served as financial adviser to Endicott. Legal advisers were Schwartz Sladkus Reich Greenberg Atlas LLP for Information Clearinghouse and Chiesa Shahinian & Giantomasi PC for Endicott.

* Main Street Capital Corp. exited its investment in Smithfield, R.I.-based CAI Software LLC, a developer of software used in the manufacturing and distribution sectors. Main Street announced a gain of $10.3 million on its investment.

* Advent International Corp. announced its acquisition of a majority stake in Scottsdale, Ariz.-based IT firm Encora Digital Inc. for undisclosed terms. The former majority stakeholder, Warburg Pincus LLC, will retain a minority stake in the company. Financial advisers on the deal were J.P. Morgan for Encora and Credit Suisse for Advent International, while legal advisers were Wilson Sonsini Goodrich & Rosati LLP for Encora and Weil Gotshtal & Manges LLP for Advent.