Ares exits McLaren Racing; Bregal invests in Spark Membership

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

– Ares Management Corp.'s Ares Sports, Media and Entertainment funds sold their minority interest in McLaren Racing Ltd. to McLaren Group Ltd. McLaren Racing owns the McLaren Formula 1, IndyCar and Esports teams and will enter the World Endurance Championship in 2027.

– Spark Membership LLC, a software and payments platform designed for martial arts studios, received strategic growth investment from Bregal Sagemount. Goodwin Procter LLP was Sagemount's legal counsel, while Raymond James was Spark's financial adviser.

– IceLake Capital Management BV will make a strategic growth investment in digital solutions engineering firm Coherent Solutions Inc., subject to competition clearances, regulatory approvals and customary closing conditions. Marylebone Capital – FZCO was Coherent's financial adviser, and PBY&A was legal adviser.

– Symphony Technology Group LLC, doing business as STG, completed its acquisition of Yodlee Inc., Envestnet Inc.'s open finance and data analytics unit. Paul Hastings LLP was legal adviser, KPMG LLP was transaction adviser, Jefferies LLC was lead financial adviser and RBC Capital Markets was co-adviser to STG. BofA Securities was Envestnet's financial adviser, and Ropes & Gray LLP was legal adviser.

– Sycamore Partners Management LP acquired specialty pharmacy accelerator Shields Health Solutions in partnership with the Pessina family, who reinvested in the now private stand-alone company. Shields was sold by Walgreens Boots Alliance Inc., which Sycamore had earlier acquired in a separate deal.

– Vision Ridge Partners LLC led a $250 million investment in Vemo, a clean mobility technology company based in Mexico.

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