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19 Jun, 2025
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.
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.