Bow River acquires Forecast; Prelude Growth to sell Phlur stake to TSG Consumer

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

– Bow River Asset Management LLC's software growth equity team acquired UK-based project management software developer Forecast. Morrison & Foerster LLP was Bow River's legal adviser.

– TSG Consumer Partners LP agreed to acquire Phlur Inc. in a deal that will see Prelude Growth Partners Management Co. LLC exit the US perfume producer. Raymond James was Phlur's financial adviser and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo P.C. and Polsinelli P.C. were its legal counsel. Ropes & Gray LLP was TSG Consumer's legal adviser.

– Estancia Capital Management, LLC sold Chicago-based investment manager North Square Investments LLC to Azimut Holding SpA. Piper Sandler & Co. was North Square's financial adviser. Kirkland & Ellis LLP was Estancia and North Square's legal adviser. Sidley Austin LLP was Azimut's legal adviser.

– Pamlico Capital Management LP invested in US-based employee communication software developer goHappy Labs LLC. Vista Point Advisors LLC was goHappy's financial adviser and Goodwin Procter LLP was its legal adviser. Alston & Bird LLP was Pamlico's legal adviser.

– Spectrum Equity Management LP invested $300 million in US-headquartered dispute management software provider Quavo Inc. KeyBanc Capital Markets Inc. was Quavo's financial adviser and Goodwin Procter LLP was its legal adviser. Latham & Watkins LLP was Spectrum Equity's legal adviser.

– Playground Global LLC led a $40 million series B round in US semiconductor manufacturer xLight Inc.

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