11 Feb, 2025

Fortress acquires Loungers for £354.4M; Goldman Sachs Alternatives funds Tines

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By S&P Global Market Intelligence


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

– Fortress Investment Group LLC acquired UK-based café and bar chain Loungers PLC for £354.4 million.

– Growth Equity at Goldman Sachs Alternatives led a $125 million series C round for Dublin-based cybersecurity automation platform Tines Security Services Ltd.

– Francisco Partners Management LP and TA Associates Management LP agreed to sell data interoperability software solutions provider Edifecs Inc. to Cotiviti. Goldman Sachs & Co. LLC and TripleTree served as financial advisers and Gibson Dunn provided legal counsel to Cotiviti. J.P. Morgan Securities LLC and William Blair & Co. LLC acted as financial advisers and Kirkland & Ellis LLP provided legal counsel to Edifecs.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.