Deal Wrap: Pearl Street buys Famous Brands; FVLCRUM-led group acquires Burrell

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

– Family office Pearl Street Equity LLC acquired food retail business Famous Brands International, the parent company of Mrs. Fields and TCBY.

– Private equity and venture capital firm Kapital 1852 purchased a majority stake in German physiotherapy practice group Physio CKI Beteiligungs GmbH. Livingstone advised Physio CKI's shareholders on the deal.

– Yara Growth Ventures AS, the venture capital arm of chemical company Yara International ASA, joined Navigator Holdings Ltd. to acquire a stake in Azane Fuel Solutions AS, a Norwegian startup developing proprietary ammonia fuel handling infrastructure for the shipping industry.

– A consortium led by private equity firm FVLCRUM Funds and attorney Channing Johnson purchased advertising agency Burrell Communications Group LLC. Oaklins DeSilva Phillips was financial adviser to Burrell, and Loeb & Loeb and Davis & Gilbert were legal advisers. Vaughan Capital Advisors was financial adviser to FVLCRUM and Johnson, and Katten Muchin Rosenman and Jones Day were legal advisers.

– CNL Strategic Capital Management LLC bought a majority stake in Sill Public Adjusters and concurrently provided the Cleveland-based specialty insurance consulting firm with debt financing. The midmarket private equity firm partnered with Sill's management on the transaction.

For further private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.