Deal Wrap: Eurazeo to buy majority stake in Rydoo; Main Capital exits Textkernel

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

– Eurazeo SE's Eurazeo PME IV fund will invest in Rydoo NV, a Belgium-based expense management software provider, to become the majority shareholder. Marlin Equity Partners LLC, Rydoo's current financial sponsor, will reinvest in the business. Latham & Watkins advised Eurazeo on the majority stake acquisition, which is subject to customary closing conditions.

– Main Capital Partners BV sold Textkernel BV, an Amsterdam-based recruitment and human resources technology company, to Bullhorn Inc.

– Hillcore Group finalized its acquisition of CEDA International Corp., a provider of industrial maintenance, turnaround and environmental services, effective June 18. CEDA was majority-owned by OMERS Administration Corp. unit OMERS Private Equity.

– Guardian Capital Partners Investment Management LP sold Direct Line Global LLC, a provider of technology infrastructure services, to CBRE Group Inc. Davis Graham & Stubbs LLP was legal adviser to Guardian and Direct Line. Lincoln International LLC was Direct Line's financial adviser on the deal. Sullivan & Cromwell LLP was CBRE's legal adviser.

– Main Street Capital Corp. and its affiliates provided $120 million in debt financing to talent advisory firm ZRG Partners LLC. Capstone Partners advised ZRG on the transaction.

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.