24 May, 2022

Deal Wrap: IK Partners to buy into Müpro; Aterian scoops up Atco

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

* IK Partners, through its IK IX Fund, agreed to purchase a majority stake in Müpro Group Gmbh, a Germany-based manufacturer and distributor of pipe fixing technology, from Perusa Partners Fund II LP, which is managed by Perusa GmbH. The Müpro management team will reinvest in the company.

* Financial technology platform Gibobs Allbanks received an investment from Global PayTech Ventures.

* Aterian Investment Partners LLC purchased Atco Industries Inc., which provides testing, measurement and quality containment services. Kirkland & Ellis LLP and William Blair & Co. advised Aterian. Deloitte Corporate Finance and Honigman LLP represented the seller.

* Brentwood Associates Inc. bought a majority stake in turnkey sushi solutions franchisor Hissho Sushi Inc. Portfolio Advisors LLC and Pine Mountain Ventures LLC. were coinvestors in the deal. William Blair & Co. LLC was the financial adviser to Hissho, while Hill Ward Henderson was legal counsel. Kirkland & Ellis LLP represented Brentwood. Blue Owl unit Owl Rock was administrative agent and joint lead arranger, while Audax Private Debt LLC and Varagon Capital Partners LP were joint lead arrangers for the debt financing.

* Robocast Inc., which owns the patents for AutoPlay for Streaming, received a follow-on investment from Brown Venture Group LLC.

* Fonds de solidarité FTQ and Caisse de Depot et Placement du Quebec are in exclusive negotiations with Bonduelle SCA to purchase 65% of Bonduelle Americas Long Life. Bonduelle Americas focuses on the processing and marketing of canned and frozen vegetables in the U.S. and Canada.