Appian Way buys SBS Precision; Thompson Street, Cequel III sell DDC Solutions

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

– Appian Way Capital Partners LLC acquired US industrial machine parts manufacturer SBS Precision Sheet Metal Inc. Madison Street Capital was SBS Precision's financial adviser.

– Thompson Street Capital Manager LLC and Cequel III LLC sold US datacenter cooling technology provider DDC Solutions to Daikin Applied Americas Inc. Lincoln International was Thompson Street and Cequel III's financial adviser and Seyfarth Shaw was their legal adviser.

– Core Industrial Partners LLC invested in US facility maintenance services provider Immec Inc. Winston & Strawn LLP was Core Industrial's legal adviser.

– The Founders Fund LLC and HongShan participated in a $100 million investment for New York-based sleep technology company Eight Sleep Inc.

– Lux Capital Management LLC and Forerunner Ventures led a $25 million series A round for New York-based retirement investments software developer Basic Capital.

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.