Deal Wrap is updated as of 3 p.m. ET.
– Ardian partially exited its stake in project economy software provider Planisware SAS, which went public. Planisware's co-founders will continue to own a majority stake in the company. Hogan Lovells was legal adviser to Ardian. Planisware's advisers included Rothschild & Co, Eight Advisory, Cleary Gottlieb Steen & Hamilton and Brunswick. BNP Paribas and Citigroup were joint global coordinators, Berenberg and Bank of America were joint bookrunners, and White & Case was legal adviser.
– CVC Capital Partners Ltd. agreed to invest in World of Talents, a platform of human resource companies, to become its majority owner. Baltisse NV will sell its majority stake and reinvest a significant portion into the business.
– MPE Partners and its portfolio company, Precision Pipeline LLC, acquired SabCon Underground, a provider of underground natural gas utility services. PGIM Private Capital provided financing for the deal, and Jones Day provided legal advice to MPE.
– Northlane Capital Partners LLC sold its equity interest in VMG Health, a healthcare consulting and advisory firm, to Incline Equity Partners. VMG Health's employee shareholder group will keep its significant equity ownership position in the business.
– Social sports network Volo Sports secured growth equity investment from Manhattan West Private Equity.
– Gauge Capital LLC provided growth capital and recapitalized Lucent Health Solutions Inc., a third-party administrator and provider of cost containment solutions to self-insured US employers, in partnership with the company's management team. A consortium of investors led by NaviMed Capital Advisors LLC sold Lucent Health to Gauge. McDermott Will & Emery acted as legal adviser and Harris Williams served as buy-side adviser to Gauge. Cain Brothers was financial adviser to Lucent Health.
– An investor group comprising Namakor Holdings, Groupe W Investissements and Caisse de dépôt et placement du Québec completed the sale of flexible packaging solutions company Gelpac Inc. to Pritzker Private Capital-backed ProAmpac Intermediate Inc. Mesirow served as exclusive financial adviser to Gelpac on the sale.
– Xcite Automotive acquired Pinnacle Automotive Group from Source Capital LLC, and Camden Partners Holdings LLC will join Xcite. The acquisition includes Pinnacle's Diamond Dealer Services and Diamond Digital PRO platforms.
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.
