Liberty Hall acquires Paxia from Teleo Capital; NexPhase sells Zing Zang

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

– Liberty Hall Capital Partners LP acquired US airline management software provider Paxia Inc. from Teleo Capital Management LLC, which retained a minority stake. Houlihan Lokey, Inc. was Liberty's financial adviser, and Gibson, Dunn & Crutcher LLP was its legal adviser. O'Melveny & Myers LLP was Teleo's legal adviser.

– NexPhase Capital LP sold Chicago-based beverage products maker Zing Zang LLC, to Mizkan America Inc. Jefferies was Zing Zang's financial adviser, and Choate, Hall & Stewart LLP was its legal adviser. Spayne Lindsay & Co. was Mizkan's financial adviser, and Latimer LeVay Fyock LLC was its legal adviser.

– Hammond Kennedy Whitney & Company Inc., which does business as HKW, sold US pipeline software developer Technical Toolboxes Powertools Inc., to Bessemer Venture Partners, which does business as BVP Forge. Aeris Partners was HKW's financial adviser, and Taft Stettinius & Hollister LLP was its legal adviser.

– Main Post Partners LP made a minority growth investment in US smoothie bars operator Smoothie King Franchises Inc. North Point was Smoothie King's financial adviser.

– OpenGate Capital Management LLC sold Canadian amusement services provider Player One Amusement Group Inc. to Genda Inc.

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