Deals in brief

Era Partners completes $485m continuation fund for American Aviation Holdings

StepStone Infrastructure and Real Assets acted as the lead investor in the transaction.

Blackstone to acquire electrical testing firm Shermco from Gryphon for $1.6bn

Gryphon made its initial investment in Shermco in June 2018.

Shore-backed Ondex Automation snaps up Vision and Control Systems

Based in Chicago, Ondex is a process automation systems integrator for North American manufacturers.

AIP to acquire International Paper's global cellulose fibers unit in a carve-out

Headquartered in Memphis, International Paper is a pulp and paper company.

Thoma Bravo to take HR software provider Dayforce private for $12.3bn

According to the terms of the agreement, Dayforce stockholders will receive $70 per share in cash.

BCI hires Ken Bennett as strategic adviser for private equity program

Bennett will focus on strengthening long-term value creation activities across BCI Private Equity’s global portfolio.

CCMP Growth Advisors taps Peter Papagiannis as exec advisor

Most recently, Papagiannis serves as global chief operating officer of BGIS, a CCMP Capital portfolio company.

Core Industrial invests in Edwards Moving & Rigging

Edwards serves the power generation, manufacturing, infrastructure/construction, and other end markets.

CF Private Equity steps up its allocations to crypto funds

New legislation that sets clearer rules for the sector is helping drive increased investment and adoption by mainstream financial institutions.

CAI Capital-backed LineStar Utility Supply adds on OKTR

OKTR specializes in the testing and repair of high-voltage live-line tools and equipment.