01 Aug, 2025

Cinven to acquire Smart Communications; ACON to exit Amfora Packaging

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

– Cinven Ltd. agreed to acquire a majority stake in Smart Communications Inc., a cloud-based enterprise customer communications provider, from Accel-KKR LLC, which will continue to own a minority stake in the business.

– ACON Investments LLC agreed to sell its controlling stake in Amfora Packaging SAS, a Colombia-based packaging company focused on the beauty and personal care segment, to Albéa Group SAS. Brigard Urrutia, Hogan Lovells and Grant Thornton advised ACON on the transaction.

– New Mountain Capital LLC will acquire a minority stake in accounting and business consulting firm Wipfli LLP. Guggenheim Securities LLC is financial adviser to Wipfli, while its legal advisers are Simpson Thacher & Bartlett LLP, Godfrey & Kahn SC and Hunton Andrews Kurth LLP. William Blair and Koltin Consulting Group are financial advisers to New Mountain, and its legal advisers are Kirkland & Ellis LLP and Vedder Price PC.

– Progressio SGR SpA agreed to buy a 74.12% stake in Milan-based IT consultant Spindox SpA.

– Graham Partners Inc. acquired Irish medical device manufacturer Smithstown Light Engineering Ltd.

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.