20 Feb, 2026

Peak Rock buys UL Solutions business unit; Lead Edge leads Pepper round

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

- Peak Rock Capital LLC is set to acquire testing, inspection and certification provider UL Solutions Inc.'s employee health and safety software business, with plans to rebrand the business as PureEHS.

- Eurazeo SE completed the previously announced sale of a minority stake in perfume maker EX NIHILO to L Catterton Management Ltd.

- Lead Edge Capital Management LLC led a $50 million Series C round for Pomegranate Technologies Inc., doing business as food distributor tech platform Pepper.

Disclaimer: This content may be AI-assisted and is composed, reviewed, edited and approved by a human at S&P Global.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.