Articles
Jun 12, 2025
Emerald Lake sells MBO Partners; Aquiline, CapStreet to divest Ontellus
12 Jun, 2025 Emerald Lake sells MBO Partners; Aquiline, CapStreet to divest Ontellus By S&P Global Market Intelligence Deal Wrap is updated as of 3 p.m. ET. – Emerald Lake Capital Management LP sold US-based contractor management platform provider MBO Partners Inc. to Beeline.com LLC. Lazard was MBO Partners' financial adviser, and Kirkland & Ellis LLP was its legal adviser. – Aquiline Capital Partners LP and The CapStreet Group LLC agreed to sell US health records company Keais Records Service LLC, which does business as Ontellus, to Datavant Inc. Houlihan Lokey was Datavant's financial adviser, and Harris Williams was Ontellus' financial adviser. – Gemspring Capital LLC invested in US creative companies network Residence. Evros Group was Residence's financial adviser, and Jeffer Mangels Butler & Mitchell LLP was its legal adviser. McDermott Will & Emery LLP was Gemspring's legal adviser. – Panostaja Oyj acquired a 55% stake in Finnish work management software provider Lenio Oy for €2.5 million. – Ridgemont Partners Management LLC invested in US data analytics company Unosquare LLC. Robert W. Baird & Co. was Ridgemont's financial adviser, and Goodwin Procter LLP was its legal adviser. Clearsight Advisors Inc. was Unosquare's financial adviser, and Benesch was its legal adviser. – Bullhound Capital led a €189 million series B round for Spanish quantum software company Multiverse Computing. – Khosla Ventures LLC and CVS Health Ventures co-led a $45 million series A round for healthcare-focused AI developer Ellipsis Health Inc. 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.
