Portrait Capital acquires AAi; Stone Point and CPPIB acquire OneDigital

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

– Portrait Capital LLC acquired custom label and decal business Art Advertising, Inc., or AAi, and web-to-print custom label platform Sticker Ranch, combining the two businesses.

– Stone Point Capital LLC and Canada Pension Plan Investment Board acquired insurance broker OneDigital Borrower LLC. Evercore, Ardea Partners and Barclays were financial advisers to OneDigital and Kirkland & Ellis was legal adviser. J.P. Morgan Securities LLC and RBC Capital Markets were financial advisers to Stone Point and Simpson Thacher & Bartlett LLP was legal adviser.

– Blue Lake Capital led a $300 million Series B round for autonomous vehicle company Jiushi (Suzhou) Intelligent Technology Co. Ltd.

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