19 May, 2026

Eurazeo acquires majority stake in Nextron; Hull Street Energy to buy FirstLight

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

– Eurazeo SE acquired a majority stake in cybersecurity software provider Nextron Systems Gmbh.

Hull Street Energy LLC agreed to acquire hydroelectric power plant operator FirstLight Power Resources Inc. from Canada-based pension fund Public Sector Pension Investment Board. Troutman Pepper Locke and DLA Piper were legal advisers to HSE.

Boyne Capital Management LLC invested in consumer apparel and lifestyle brand Local Boy Outfitters.

Salt Creek Capital II LLC acquired contract medical device manufacturing and packaging business MML Diagnostics Packaging Inc.

The Stephens Group LLC has exited its investment in insurance brokerage IMA Financial Group Inc. through an equity recapitalization transaction. New Mountain Capital LLC and Oak Hill Capital Management LLC took minority positions in the insurance brokerage. HarbourVest Partners LLC and other institutional co-investors also participated.

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