Gryphon to sell 3Cloud to Cognizant; Vance Street invests in Damotech

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

– Gryphon Advisors LLC agreed to sell dedicated Microsoft Azure services provider 3Cloud LLC to Cognizant Technology Solutions. The transaction is expected to close in the first quarter of 2026. Lazard and Kirkland & Ellis represented Gryphon in the transaction. Mayer Brown represented Cognizant.

– Mountaingate Capital Management LP announced the sale of rack safety solutions provider Damotech Inc. to Vance Street Management LLC. As part of the transaction, both Mountaingate and Damotech management reinvested significantly alongside Vance Street. Paul Hastings LLP and Borden Ladner Gervais LLP were legal advisers to Vance Street. Harris Williams advised Damotech and Mountaingate, and Hogan Lovells, BCF Business Law and Davies Ward Phillips & Vineberg served as counsel in the transaction.

– F&P Equity Partners Srl acquired specialty chemicals company Nachmann Srl. The Cotilli family will retain a minority interest and continue to hold key roles in the company. Ethica Group advised F&P.

– Clessidra Private Equity SGR SpA acquired a 70% stake in Laurieri Srl, a company specializing in the production of sweet and savory baked goods.

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