02 Jul, 2025

Odyssey to sell Applied Technical to SGS; Foundation acquires AAA Industrial

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By S&P Global Market Intelligence


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

– Odyssey Investment Partners, LLC agreed to sell US inspection services provider Applied Technical Services LLC to SGS SA for about $1.33 billion. Houlihan Lokey and Rothschild & Co. were Odyssey's financial advisers, and Latham & Watkins LLP was its legal adviser.

– Foundation Investment Partners LLC acquired US industrial supplies distributor AAA Industrial Supply.

– CSFC Management Co. LLC, which does business as CapitalSpring, sold US restaurant chain operator Sizzling Platter LLC to Bain Capital LP. UBS Investment Bank acted as lead financial adviser to Sizzling Platter and CapitalSpring. Deutsche Bank and North Point also served as financial advisers to the sellers. Proskauer Rose was Sizzling Platter and CapitalSpring's legal adviser. BofA Securities acted as lead financial adviser to Bain Capital, and Kirkland & Ellis LLP was the buyer's legal adviser.

– TPG Inc. acquired US private equity firm Peppertree Capital Management, Inc. TPG's financial advisers were BofA Securities, Goldman Sachs, Houlihan Lokey, and Campbell Lutyens; Weil, Gotshal & Manges LLP was its legal adviser. Evercore was Peppertree's financial adviser, and Kirkland & Ellis LLP was its legal adviser.

– Cathexis Holdings, LP sold Netherlands-based datacenter operator Yondr Group Holdings BV to DigitalBridge Group Inc. and Caisse de dépôt et placement du Québec, which does business as La Caisse, for $5.8 billion. Citi was Yondr's financial adviser and White & Case LLP was its legal adviser.

– Janus Henderson Group PLC led a C$340 million round for Canadian medical technology company Kardium Inc.

– Silversmith Management LP participated in a $135 million funding round for German promotion software developer Talon.One GmbH.

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