CVC acquires Bamboo stake; Stellex acquires Crest Ultrasonics

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

– CVC Capital Partners PLC acquired a controlling interest in insurance distribution platform Bamboo Ide8 Insurance Services LLC from White Mountains Insurance Group Ltd. Evercore Group L.L.C. and Piper Sandler & Co. were financial advisers, while Cravath, Swaine & Moore LLP was legal adviser to White Mountains and Bamboo. Willkie Farr & Gallagher was legal adviser to Bamboo. Latham & Watkins LLP was CVC's legal counsel.

– CVC Capital Partners PLC acquired a 20% stake in Partners Group Holding AG portfolio company International Schools Partnership Ltd., a K-12 school platform.

– Stellex Capital Management LP acquired Crest Ultrasonics Corp. Houlihan Lokey was financial adviser and Norris McLaughlin P.A. was legal adviser to Crest. Stout was financial adviser and Morrison & Foerster LLP was legal adviser to Stellex.

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