Deals in brief

Mutares exits automotive supplier Cimos in management buyout backed by Vero Automotive

Cimos, a producer of aluminum and iron castings and machined components for the automotive industry, employs about 1,350 people and generates revenues of approximately €120m across four countries.

Bain Capital Ventures closes on $1.6bn for Fund XI, targeting AI infrastructure and more

LPs in the firm’s earlier funds include California Public Employees’ Retirement System, Children’s Hospital Corporation Pension Plan, Adams Street Partners and Kaiser Permanente Washington Defined Benefit Plan.

Garnett Station-backed StayTerra adds Hawaii operator Gather Vacations

Gather Vacations manages more than 500 luxury vacation rental properties across Oahu, the Big Island, Kauai, Maui, California and Washington.

DelCam-backed Space Age Electronics acquires fire safety maker Gemcom

Gemcom is a nearly four-decade-old manufacturer of fire suppression switches, graphic annunciators and engineered signage for OEM fire alarm and suppression system makers, headquartered in Burr Ridge, Illinois.

NewSpring Capital leads financing for cell therapy CDMO merger Kincellis

Kincellis Advanced Therapies is a US-based contract development and manufacturing organization for cell and advanced-therapy modalities, operating roughly 140,000 square feet of GMP manufacturing space across Florida, North Carolina and Texas.

HIG Capital sells IT solutions provider GDT to Softcat for $1.05bn

GDT is a Dallas-based provider of enterprise IT infrastructure and services, delivering networking, hybrid cloud, cybersecurity and collaboration solutions to large and complex enterprise customers.

Apollo invests $1.25bn to back BMG and Concord merger

The combined company, which encompasses music publishing, recorded music, theatrical rights and digital distribution, retains the BMG name and is headquartered in Nashville.

Tallvine Partners' marine platform acquires Crosby's Gulf Coast assets

Crosby is a nearly 50-year-old provider of marine infrastructure services across the US Gulf Coast and inland waterways, operating a fleet of more than 150 tugboats, dredges and support vessels from Louisiana.

Andera Partners to open second office in Germany

From Frankfurt, Andera Partners will primarily drive market penetration in Germany with Andera' Acto's 'sponsorless mezzanine' strategy.

Vance Street Capital adds four investment professionals, promotes two

The Los Angeles-based middle-market firm adds two vice presidents and two associates while elevating two associates to senior associate as it continues building out its investment team.