Abry, Capza buy stake in European Dynamics; Paceline affiliate invests in Kassel

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

– Abry Partners LLC and Atalante SAS, doing business as Capza, acquired a minority stake in Greece-headquartered government software services provider European Dynamics SA. Houlihan Lokey was European Dynamics' financial adviser and Ashurst LLP and Lambadarios Law Firm were its legal advisers. Paul Hastings and Bryan Garnier & Co were Capza's legal advisers, and Kirkland & Ellis LLP was Abry's legal adviser.

– A Paceline Equity Partners LLC affiliate made a $40 million investment in facility services provider Kassel Mechanical Holdings LLC, a provider of facility services focused on mechanical, electrical, plumbing, and fire suppression systems.

– Ethos Capital LP, British Columbia Investment Management Corp. and White Mountains Insurance Group, Ltd. acquired an ownership position in US insurance broker BroadStreet Partners Inc. with Ontario Teachers' Pension Plan Board. Ardea Partners, RBC Capital Markets and BMO Capital Markets were Ontario Teachers' and BroadStreet's financial advisers and Latham & Watkins LLP and Torys LLP were their legal advisers. Kirkland & Ellis LLP was Ethos' legal adviser.

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.