Cerberus acquires Vivace International; BayPine to buy Relation Insurance

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

– An affiliate of Cerberus Capital Management LP completed the full acquisition of aerospace and defense engineering company Vivace International Corp. Cerberus initially made a strategic growth investment in Vivace in 2024.

– BayPine LP is set to acquire insurance broker Relation Insurance Services Inc. from Aquiline Capital Partners LP. Kirkland & Ellis LLP is acting as legal counsel to BayPine. Piper Sandler & Co. and Perella Weinberg are serving as financial advisers to Aquiline and Relation, and Willkie Farr & Gallagher LLP is acting as legal adviser. Jamieson Corporate Finance is serving as adviser to Relation's management.

– 42CAP Manager GmbH-, Antler Innovation Pte. Ltd.- and Luminar Ventures AB-backed Teemyco AB, a European company in the virtual collaboration space, was acquired by Spatial Chat LLC.

– Sustainability intelligence platform inoqo GmbH, which is backed by aws Fondsmanagement GmbH, Wirtschaftsagentur Wien. Ein Fonds der Stadt Wien and aws Gründerfonds Beteiligungs GmbH & Co KG, is set to merge with Mondra Global Ltd. The combined organization will operate under the Mondra brand.

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