Turn/River to acquire SolarWinds; Burlington Capital Partners exits Sokol

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

– Turn/River Management LP is set to acquire IT management software provider SolarWinds Corp. from Silver Lake Technology Management LLC, Thoma Bravo LP and other investors. Goldman Sachs & Co. LLC served as the lead financial adviser to SolarWinds. Jefferies LLC also acted as a financial adviser to SolarWinds, and DLA Piper LLP (US) acted as legal adviser. J.P. Morgan, Barclays, Santander and RBC Capital Markets served as financial advisers to Turn/River, and Kirkland & Ellis LLP acted as legal counsel.

– Gaw Capital Partners and Patience Capital Group K.K. completed the acquisition of shopping center Tokyu Plaza Ginza.

– Burlington Capital Partners LLC sold Sokol Custom Food Ingredients, a formulator and manufacturer of wet-fill, liquid food ingredient products, to Solina Group Services SAS. Fredrikson & Byron PA and Koley Jessen PC were legal advisers to Sokol. Cascadia Capital served as financial adviser.

– Fourshore Partners acquired outdoor kitchen appliance distributor Palm Coast Sales Inc. Akerman LLP was legal adviser to Fourshore.

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.