01 Jul, 2025

Truelink buys Zep from New Mountain; Novo Holdings sells Kate Farms

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

– Truelink Capital Management LLC acquired US cleaning goods producer Zep, Inc. from New Mountain Capital LLC.

– Novo Holdings A/S sold US nutritional products maker Kate Farms Inc. to Danone SA.

– Harvest Partners LP acquired a majority stake in US primary education provider The Learning Experience Corp. from Golden Gate Capital. Harris Williams & Co. was Golden Gate's financial adviser and Paul, Weiss, Rifkind, Wharton & Garrison LLP was its legal adviser. Ropes & Gray LLP and Kirkland & Ellis LLP were Harvest's legal advisers.

– General Atlantic Service Co. LP led a $190 million funding round in Mexican fintech company Klar Technologies S.A. de C.V. S.F.P.

– Aquiline Capital Partners LP acquired the Family Office Services business of US asset manager SEI Investments Co.

– Charger Investment Partners LP acquired US drilling rigs manufacturer Laibe Corp., which does business as Versa-Drill.

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.