Deals in brief

Clearlake Capital backs healthcare tech firm ModMed

ModMed’s previous backers include Warburg Pincus, Pentland Capital and Summit Partners.

TWG Global and Mubadala Capital ink new partnership

TWG Global will commit $2.5 billion to Mubadala Capital and acquire a minority stake in the asset manager.

CIVC-backed StoneRidge picks up Jim Kelly Insurance Brokers

Jim Kelly is a full-service insurance brokerage.

CDPQ to sell part of its interest in WSP Global for C$500m

WSP is an engineering and professional services company based in Montreal.

Brightstar Capital taps Marcelo Claure as partner and co-chair

In this new role, Claure will focus on Brightstar’s deal origination, capital formation, value creation strategies, and the implementation of AI initiatives across the firm’s portfolio companies.

Gauge Capital-backed Urology America to merge with GI Alliance

Based in Texas, Urology America provides support services to urologists.

A&M Capital-backed VTG acquires cybersecurity firm Triaplex

Headquartered in Chantilly, Virginia, VTG is a national security solutions provider.

Edison Partners exits fintech firm MoneyLion

Edison Partners was MoneyLion’s first institutional investor in 2016.

Nova Infrastructure invests in data center solutions provider DartPoints

As part of the transaction, DartPoints’ existing backer Astra Capital Management will retain a meaningful minority stake in the business.

Right Lane to sell manufacturer TerraSource to Astec Industries for $245m

Right Lane acquired a 51 percent stake in TerraSource from Hillenbrand, Inc. in October 2021 while Hillenbrand retained a 49 percent stake.