True Wind exits Sterling; BCP completes sale of Brown & Root stake

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

– True Wind Capital Management LP exited its investment in benefits brokerage Sterlingcapitalbrokers Ltd.. with its sale to HGGC LLC. BMO Capital Markets was financial adviser to Sterling and Mintz was legal adviser.

– Bernhard Capital Partners Management LP completed the previously announced sale of its stake in specialty industrial services provider Brown & Root Industrial Services LLC to OEP Capital Advisors LP. Houlihan Lokey was financial adviser and Kirkland & Ellis LLP was legal adviser to BCP.

– The Riverside Co.- and PeakSpan Capital LLC.-backed upselling platform Oaky BV was acquired by Plusgrade Inc. Davies Ward Phillips & Vineberg LLP and Stibbe N.V. were legal advisers to Plusgrade.

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