20 May, 2025

GTCR to sell itel to Nearmap; HCAP Partners exits Arosa

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

– GTCR LLC agreed to sell US-based data analytics company Itel Laboratories Inc. to Nearmap Australia Pty. Ltd. Goodwin Procter was Nearmap's legal adviser. Raymond James and Bank of America were Itel's financial advisers and Latham & Watkins was its legal adviser.

– HCAP Partners LLC exited US home care services provider Arosa LLC.

– Ac Capital Management LLC, which does business as Halmos Capital, and Monogram Capital Partners acquired a majority stake in US sports surfacing provider The Vasco Group. O'Melveny & Myers LLP and Massumi + Consoli LLP were Halmos and Monogram's legal advisers. Autobahn Consultants was Vasco's financial adviser and Buckingham Doolittle & Burroughs LLC was its legal adviser.

– Compass Group Management LLC exited US industrial automation company Epic Systems Group LLC through a sale to Vinci Energies SA. Polsinelli was Compass' legal adviser.

– Kingswood Capital Management LP and Performance Investment Partners LLC acquired US supplements retailer Vitamin Shoppe LLC from Franchise Group Inc. Jefferies LLC was Kingswood and Performance Investment's financial adviser and McDermott Will & Emery LLP and Sidley Austin LLP were their legal advisers. Ducera Partners LLC was Franchise Group's financial adviser and Kirkland & Ellis LLP was its legal adviser.

– Buckthorn Partners LLP and OEP Capital Advisors LP made a nonbinding all-cash proposal to acquire UK machine parts manufacturer Renold PLC for approximately £160 million. Peel Hunt LLP was Renold's financial adviser.

– Spero Ventures led a $12 million series A round in US pharmaceuticals-focused AI developer Persist AI Formulations Corp.

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