Deals in brief
A summary of private equity deals and briefs including transactions involving BackingMinds, Bertram Capital, Peak Rock, Mainsail, Bain Capital, Pitchwise Holdings, L Catterton, Apollo, Silversmith, and Eurazeo.
Private equity activity across global markets saw major movements spanning healthcare, technology, asset management, and corporate leadership transitions. In a landmark healthcare transaction, HealthSpan agreed to a $5.7 billion take-private acquisition of Surgery Partners, with Bain Capital set to remain invested in the Brentwood, Tennessee-based business. Surgery Partners operates more than 200 surgical facilities across 30 states, supported by a network of roughly 5,000 affiliated physicians.
In the technology and consumer media landscape, L Catterton agreed to make a strategic investment in Glance, an artificial intelligence shopping platform headquartered in Bengaluru. The InMobi-backed company deploys agentic AI to deliver personalized consumer product recommendations across mobile devices and connected televisions. Elsewhere, BackingMinds closed €50 million for its third fund targeting Nordic startups, anchored by a contribution from the European Investment Fund.
Strategic cross-border transactions and add-on deals continued across multiple sectors. Apollo reached an agreement to acquire a minority stake in Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, which oversees more than $60 billion in assets across five core alternative strategies. Meanwhile, Bertram Capital acquired industrial distributor Motion & Control Enterprises from Frontenac, Peak Rock's California Custom Fruits & Flavors bought the Skjodt-Barrett nutritional ingredients unit, Mainsail-backed ChiroHD completed an add-on of ChiroBilling, and Pitchwise Holdings agreed to acquire a 42% stake in football club Valencia CF.
Firm-level organizational moves also highlighted recent market developments. Paris-based investment manager Eurazeo, which oversees €40 billion in assets under management, appointed Christophe Bavière as the sole chairman of its executive board and chief executive officer. Concurrently, growth equity firm Silversmith recruited Jean Gulliver from Court Square to direct investor relations, following a career that has generated more than $10 billion in investor capital commitments.