Deals in brief

Kian Capital Partners and Apogem Capital complete $230m continuation fund for SPATCO Energy Solutions

The fund will reinvest in SPATCO Energy Solutions, provide liquidity to existing investors seeking to monetize performance to date.

Palladium Equity Partners promotes Ilundain to president

A partner at the firm, Ilundain joined Palladium in 2005.

KKR acquires Marmic Fire & Safety

The seller was HGGC.

Accel-KKR invests in INX Software

The investment gives Accel-KKR majority ownership in INX alongside management.

EnCap Investments-backed XCL Resources acquires Altamont Energy

Based in Houston, XCL is an independent oil and gas company.

Heartwood Partners-backed NativeSeed acquires Arrow Seed

NativeSeed is an integrated native seed company headquartered in Headquartered in Carpinteria, California.

H/L Ventures wraps up second early-stage fund at $24m

CityRock Fund II will invest in early-stage startups focused on solving challenges in areas such as climate and energy, healthcare, fintech, protective industries, and the future of work and workplace.

Brightstar Capital-backed Astrion to buy specialized engineering firm Axient

Astrion is a provider of mission support and advanced engineering services.

Astorg to take reproductive technology firm Hamilton Thorne private for $282m

When the deal closes, Hamilton Thorne will no longer trade on the Toronto Stock Exchange.

Apollo Global to sell gas compression services provider TOPS to Archrock for $983m

The transaction is expected to close by the end of 2024.