05 Feb, 2025

Stephens Group buys Astro Pak; Architect Equity acquires Gibbs Die Casting

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By S&P Global Market Intelligence


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

– The Stephens Group LLC acquired cleaning services business Astro Pak Corp. Houlihan Lokey served as financial adviser to Astro Pak.

– Architect Equity LLC acquired Gibbs Die Casting Corp., a manufacturer of precision die-casted, machined and assembled products for the automotive and industrial markets.

– Eqtble Inc., a people analytics platform backed by Y Combinator, Initialized Capital Management LLC, Softbank Group Capital Ltd. and Root and Shoot Ventures LLC, was acquired by Paradox Inc.

– Ant Capital Partners Co. Ltd. proposed to acquire Asset Value Investors Ltd.-backed information system solution service provider Tecnos Japan Inc.

– Jab Holding Co. SARL, Elliott Investment Management LP and Prosperity Group Holdings LP entered into a definitive agreement whereby Jab will acquire 100% of Prosperity. Citi served as Jab's lead financial adviser with BNP Paribas also providing financial advice, and Skadden Arps Slate Meagher & Flom LLP acted as Jab's legal counsel. J.P. Morgan served as exclusive financial adviser to Prosperity, and Davis Polk & Wardwell LLP and Debevoise & Plimpton LLP acted as legal counsel.

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.