EQT to sell Wash to Northleaf, Avalt; Sterling to buy major stake in Precision

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

– Northleaf Capital Partners Ltd. and Avalt Holdings agreed to acquire US laundry services provider Wash Multifamily Laundry Systems LLC from EQT Partners AB. TD Securities was Northleaf and Avalt's financial adviser and Kirkland & Ellis LLP was their legal adviser. BofA Securities Inc. and Rothschild & Co US Inc. were Wash Multifamily's financial advisers and Weil, Gotshal & Manges LLP was its legal adviser.

– The Sterling Group LP agreed to acquire a majority stake in US plastic container manufacturer Precision Concepts International LLC. Evercore was Sterling's financial adviser and Latham & Watkins LLP was its legal adviser. William Blair and Stifel were Precision's financial advisers and Kirkland & Ellis LLP was its legal adviser.

– GTCR LLC and Stone Point Capital LLC acquired US fund administrator Ultimus Fund Solutions LLC.

– Bow River Asset Management LLC sold US roof repair services provider Progressive Services Inc., which does business as Progressive Roofing, to TopBuild Corp. for $810 million. Citizens JMP Securities and Guggenheim Securities were Progressive Roofing's financial advisers and Brownstein Hyatt Farber Schreck, LLP was its legal adviser. RBC was TopBuild's financial adviser and Jones Day was its legal adviser.

– Nautic Partners LLC acquired US-based cybersecurity company AccessIT Group Inc. DC Advisory was AccessIT's financial adviser and Morrison Cohen was its legal adviser. Troutman Pepper Locke was Nautic Partners' legal adviser.

– TVM Capital Healthcare Partners led a $124 million series B round in Saudi Arabian healthcare provider Praya Medical Care, which does business as Baraya Extended Care.

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