Deal Wrap is updated as of 3 p.m. ET.
– Sixth Street Partners LLC acquired a minority stake in portfolio monitoring software developer Chronograph LLC for over $140 million. All existing investors, including Summit Partners LP, AlpInvest Partners BV Nasdaq Ventures and Sidekick Partners Management LP, will continue to hold minority positions in the company.
– Francisco Partners Management LP acquired internet services and infrastructure company EfficientIP from its founders and minority investors TempoCap Ltd. and Jolt Capital SAS. Arma Partners and IA Global Capital were financial advisers, and Jones Day was legal adviser to EfficientIP, TempoCap and Jolt Capital. GP Bullhound served as the financial adviser to Francisco Partners, and Paul Hastings was its legal adviser.
– Cleargate Capital Management LP invested in medical business solutions provider Fellow Health Partners Inc.
– TA Associates Management LP invested in medical imaging solutions company AIRS Medical Inc.
– H.I.G. Capital LLC sold its minority stake in retail services company The BLUEBIRD GROUP LLC as Bertram Capital Management LLC invested in the business. Canaccord Genuity was financial adviser and Paul Hastings LLP was legal adviser to H.I.G. and Bluebird. BrightTower was financial adviser to Bertram.
– LongRange Capital LP is set to acquire restaurant franchise Pizza Hut, excluding its mainland China business, from Yum! Brands Inc. for $1.5 billion. Paul, Weiss, Rifkind, Wharton & Garrison LLP was legal adviser to LongRange. Barclays and Goldman Sachs were financial advisers to Yum! Weil, Gotshal & Manges LLP and Mayer Brown LLP were its legal advisers.
– Leonard Green & Partners LP acquired project management and cost management advisor Cumming Management Group Inc. from New Mountain Capital LLC. Jefferies and Evercore served as financial advisers to Cumming, and Ropes & Gray was its legal adviser. Morgan Stanley & Co. LLC was the financial adviser to Leonard Green & Partners, and Latham & Watkins was its legal adviser.
– CVC Capital Partners PLC acquired a majority stake in prosthetics manufacturer WillowWood Global LLC. from Blue Sea Capital LLC, the company's founding family and management.
– Rubicon Technology Management LLC. invested in case management platform CaseWorthy Inc. Moelis & Company LLC was financial adviser to CaseWorthy.
Disclaimer: This content may be AI-assisted and is composed, reviewed, edited and approved by a human at S&P Global.
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