Deal Wrap: Grove Mountain acquires Plimpton & Hills stake; Atlas exits RedBuilt

Deal Wrap is updated as of 3 p.m. ET.

– French sovereign wealth fund Bpifrance Participations SA exited a 50.3% in portfolio company Launchmetrics, a marketing software platform for fashion, lifestyle and beauty brands, via a sale to strategic buyer Lectra SA.

– Special situations investor Atlas FRM LLC exited wood building products business RedBuilt LLC in a sale to Hampton Lumber Mills Inc.

– Lower-middle-market private equity firm L2 Capital Partners LP made a strategic investment in franchise consultant iFranchise Group Inc.

– Home services-focused private equity firm Grove Mountain Partners LLC acquired a majority stake in The Plimpton & Hills Corp., a wholesale distributor of plumbing and HVAC equipment. DLA Piper was legal adviser to Grove Mountain.

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