Deals in brief

Traction Capital collects over $30m for sophomore fund

The target is between $40 million to $60 million.

Wind Point-backed Smart Care scoops up Mr. C Refrigeration

Headquartered in Chicago, Smart Care is a provider of commercial mechanical services.

Convent Capital-backed Convertus picks up AIM Group

AIM is an environmental construction services subsidiary of Maple Reinders Group.

Serent Capital invests in software provider PhotoDay

The capital infusion will be used for customer experience and product development.

Fintech firm ProfitSolv snags investment from FTV Capital and Lightyear Capital

ProfitSolv was founded in 2020 and initially backed by Lightyear Capital and Greater Sum Ventures.

One Equity Partners to sell Brush Group’s power distribution biz

The business designs, assembles and services switchgear, transformers and controls for electric power distribution.

European tech VC firm Project A raises €325m for fifth fund

The fundraising increased Project A’s total assets under management to €1.2 billion.

Parthenon Capital backs management and tech consulting firm AArete

The investment will allow AArete to accelerate key growth initiatives, broaden its solution set, and pursue acquisitions.

Sky Island Capital scoops up Azek's commercial unit's Scranton Products business

Based in Pennsylvania, Scranton Products is a maker of plastic bathroom partitions and lockers.

Platinum Equity to buy provider of personalizable products Solo

Solo’s portfolio includes wearables, textile accessories and a wide range of hard good products such as drinkware, bags and luggage, stationery and tech accessories.