04 Aug, 2025

Freeman Spogli to buy Philz Coffee; Brightstar acquires Analyte Health

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

– Freeman Spogli Management Co. LP agreed to acquire US coffee shop operator Philz Coffee Inc. Piper Sandler & Co. was Philz Coffee's financial adviser and Kirkland & Ellis LLP was its legal adviser. Morgan Lewis & Bockius LLP was Freeman's legal adviser.

– Brightstar Capital Partners LP acquired US-based digital healthcare services provider Analyte Health Inc. J.P. Morgan Securities LLC was Brightstar's financial adviser and Kirkland & Ellis LLP was its legal adviser. Intrepid Investment Bankers LLC was Analyte's financial adviser and Kastner Gravelle LLP was its legal adviser.

– GHK Capital Partners LP acquired US heating, ventilation and air conditioning services provider Rogers Building Solutions from Aterian Investment Partners LLC and Craft Work Capital Partners LLC. Citizens Financial Group Inc. and William Blair & Co. LLC were GHK Capital's financial advisers and Weil Gotshal & Manges LLP was its legal adviser. Fifth Third Securities Inc. was Rogers' financial adviser and Neal Gerber & Eisenberg LLP was its legal adviser.

– H.I.G. Capital LLC acquired London-based advertising analytics company Kantar Media Audiences Ltd. from The Kantar Group Ltd. Morgan Stanley & Co. International and ING were H.I.G. Capital's financial advisers and Simpson Thacher & Bartlett LLP was its legal adviser.

– ATL Partners sold its majority stake in Global Critical Logistics LLC to Providence Equity Partners LLC. Jefferies LLC, J.P. Morgan Securities LLC, and Moelis & Company LLC were Global Critical's financial advisers and Gibson Dunn & Crutcher LLP was its legal adviser.

– JMI Management LP and Spectrum Equity Management LP co-led a $100 million equity funding round for US-based human resource software provider Employee Navigator LLC.

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