19 Jun, 2025

HC Private buys 2 food producers; Arsenal, Forgepoint invest in Tadaweb

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By S&P Global Market Intelligence


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

– HC Private Investments acquired US food producers Snackwerks of Michigan LLC and Specialty Bakers LLC and combined them to create Artisan Bakery, a premium baked goods and snack platform. Signature Bank of Chicago and Ironwood Capital provided debt financing for the deal. Winston & Strawn LLP was HC Private's legal adviser, and Brown Gibbons Lang & Co. was Specialty Bakers' financial adviser.

– Arsenal Growth and Forgepoint Capital co-led a roughly $20 million investment in Luxembourg-based operating system developer Tadaweb SA. Existing Tadaweb investor Wendel participated in the transaction.

– General Catalyst Group Management LLC invested $200 million in US healthcare technology company Commure Inc.

– ShawKwei & Partners acquired Singaporean mechanical engineering firm PEC Ltd.

– Audax Private Equity sold Canadian boiler service provider Thermogenics Inc. to Morgan Stanley Private Equity. Solomon Partners and KeyBanc Capital Markets were Audax and Thermogenics' financial advisers, and Kirkland & Ellis LLP was legal adviser. Debevoise & Plimpton LLP was Morgan Stanley's legal adviser.

Disclaimer: This content may be AI-assisted and is composed, reviewed, edited and approved by a human at S&P Global.

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