Advent to sell Newpay and Prisma to Visa; HKW acquires HSC

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

– Advent International LP is set to sell Group Prisma subsidiaries Newpay SAU, a provider of instant peer-to-peer cash transfers, and Prisma Medios de Pago SA, a payments processor, to Visa Inc.

– Hammond Kennedy Whitney & Co. Inc. acquired Handling Systems And Conveyors Inc., a manufacturer of crane, hoist, conveyor and tooling solutions to industrial and transportation sectors. BMO Capital Markets was financial adviser and Jackson Walker LLP was legal adviser to HSC. Taft Stettinius & Hollister LLP was legal adviser to HKW.

– Amberjack Capital Partners LP formed a strategic partnership with waste management provider Cima Services Management Inc. Gulfstar Group was financial adviser and Porter Hedges LLP was legal adviser to Cima. Raymond James & Associates Inc. was financial adviser and Sidley Austin LLP was legal adviser to Amberjack.

– Bregal Sagemount made a majority growth investment in compliance solutions provider Harbor Business Compliance Corp. Stifel was financial adviser and Royer Cooper Cohen Braunfeld LLC was legal adviser to Harbor Compliance. William Blair was financial adviser and Goodwin Procter LLP legal adviser to Sagemount.

– Palisade Americas Management LLC and SER Capital Partners LLC invested in clean energy facility developer Microgrid Networks LLC. Guggenheim Securities was financial adviser and Jones Day was legal adviser to MGN and SER. A&O Shearman LLP was legal counsel to Palisade.

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