19 Dec, 2025

HCAP invests in Puzzle Healthcare; Charlesbank backs HBox

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

– HCAP Partners, LLC invested in post-acute care platform Puzzle Healthcare. Financial terms of the transaction were not disclosed.

– Charlesbank Capital Partners LLC invested in virtual care platform HBox Inc. Kaizen Equity Partners was HBox's financial adviser on the deal, while K&L Gates served as counsel. Charlesbank's financial adviser and counsel were Brown Gibbons Lang & Company and Mintz and McDermott Will & Schulte, respectively.

– Promus Capital Management LLC acquired waterless cleaning technology company CO2Nexus Inc., doing business as Tersus Solutions. Reinhart Boerner Van Deuren s.c. was legal adviser to Promus.

– INVL Asset Management exited its stake in mobility, rehabilitation and aged-care equipment manufacturer MBL a/s to Mid Europa Partners LLP. Horten was legal adviser to INVL and Deloitte was financial adviser.

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