Serent exits Axiom; Investcorp acquires Guardian Fire services

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

– Braemont Capital Management LLC invested in Royal Cup, Inc., a distributor of specialty and premium coffees, teas and beverage solutions. Stephens Inc. was financial adviser to Royal Cup. Cascadia Capital was financial adviser to Braemont.

– Kickstart Ventures Inc. and Telefonaktiebolaget LM Ericsson (publ) invested in LotusFlare Inc., a provider of cloud-native digital commerce and monetization platforms for communications service providers. Gunderson Dettmer was legal adviser to LotusFlare.

– Clairvest Group Inc. is set to sell its stake in Acera Insurance Services Ltd. ahead of the latter's merger with commercial insurance brokerage Navacord Inc.

– Growth Capital Partners LLP acquired a minority stake in Strata Financial Services Consulting Ltd.

– Serent Capital Management Co. LLC exited Axiom Medical Consulting, LLC following an investment in the occupational health services company by NMS Capital Group, LLC. Bailey & Company was financial adviser to Axiom.

– Investcorp Holdings B.S.C. acquired fire and life safety services provider Guardian Fire Services LLC. Lincoln International was financial adviser and Fredrikson & Byron PA was legal counsel for Guardian. Baird was financial adviser and Gibson Dunn & Crutcher LLP was legal adviser to Investcorp.

– Oakley Capital Ltd. invested in hotel demand generation platform Paraty Tech.

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