TCP acquires majority stake in Andesa; Sagewind sells Aechelon Technology

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

– TCP Management LLC acquired a majority stake in software-as-a-service developer Andesa Services Inc. ButcherJoseph & Co. was financial adviser to Andesa, and Levenfeld Pearlstein LLC was legal adviser. KeyBanc Capital Markets was financial adviser to Terminus Capital Partners, and Jones & Spross was legal adviser.

– Sagewind Capital LLC sold simulation technology company Aechelon Technology Inc. to defense technology company Shield AI Inc. J.P. Morgan Securities LLC was financial adviser to Aechelon. Paul Weiss Rifkind Wharton & Garrison LLP was legal adviser to Sagewind and Aechelon.

– Synergy Sports Capital invested in League One Volleyball Inc., acquiring operating rights for women's professional volleyball team LOVB Salt Lake.

– Bow River Capital completed a majority buyout of process automation developer TrackVia Inc. Holland & Hart LLP was legal adviser to Bow River. Canaccord Genuity was financial adviser to TrackVia.

– H.I.G. Capital LLC sold internet service provider Desktop SA to América Móvil SAB de CV.

– Bonaccord Capital Advisors LLC acquired a minority stake in commercial real estate credit platform Prime Finance Advisor LP. Goldman Sachs was financial adviser to Prime Finance, and Simpson Thacher & Bartlett LLP was legal adviser. Sidley Austin LLP was legal adviser to Bonaccord.

– Alfa Framtak is set to acquire chocolate and confectionary manufacturer Nói-Síríus hf. from Orkla ASA.

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