25 Mar, 2026

Bow River acquires Spur Capital; Clearlake acquires Qualus

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

– Bow River Asset Management LLC agreed to acquire venture capital firm Spur Capital Partners LLC. Deutsche Bank Securities Inc. was financial adviser to Bow River.

– Cinven Ltd. agreed to sell a minority stake in environmental consulting firm Environmental Science US LLC to GIC Pte. Ltd.

– Clearlake Capital Group LP agreed to acquire power and electric grid services platform Qualus Corp. from New Mountain Capital LLC. Simpson Thacher & Bartlett and Wachtell Lipton Rosen & Katz were legal advisers to Qualus and Clearlake, respectively.

– Etna Capital Partners LLC completed the acquisition of software development company CodeRoad.

– Chimney Rock Equity Partners LLC acquired electronics design and manufacturing company UEC Electronics LLC from Albion River LLC. Lincoln International was financial adviser to Albion River.

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