Deals in brief

Advent to sell its minority stake in Hermes Germany to Otto Group

Hermes Germany is a logistics service provider in Germany.

New Mountain sells tech services firm Pearce to CBRE Group for $1.2bn

The deal also includes a potential earn-out of up to $115 million.

MiddleGround to sell manufacturer Lindsay Precast to TJC

Lindsay Precast serves state and municipal government entities, utilities, renewable energy companies, diversified commercial businesses, and the military.

Wind Point scoops up supply chain solutions firm Buske

Buske serves Fortune 500 food, beverage and packaging producers.

Star Mountain taps Melford Carter as senior advisor

Until his retirement in 2025, Carter served as a principal with the private markets group at GCM Grosvenor.

Gemspring acquire Goodyear's polymer chemicals business

The acquisition includes two manufacturing plants in Houston and Beaumont, Texas, as well as a research and development facility in Akron, Ohio.

Bid Equity acquires member engagement software firm Cuseum

Cuseum serves leading museums and institutions that include the Art Institute of Chicago, American Museum of Natural History, the University of Southern California and The White House.

Renaissance Partners-backed U-Power to buy PPE supplier Cerva

The transaction will create a pan-European PPE company with combined revenues of approximately €500 million.

Advent-backed Rubix snaps up Eriks UK and Ireland  

Neuberger Berman has led the acquisition of a minority stake in Rubix as part of the deal.

PE-backed Cerealto invests in US snack manufacturer Fresca Foods

Cerealto is a manufacturer of biscuits, cereals, snacking bars in Europe, the UK and Mexico.