Deals in brief

Madison Dearborn Partners to exit national security space systems provider LinQuest

The deal is expected to close in the fourth quarter of 2024.

3 Rivers Capital promotes Zhong to partner

Zhong joined 3 Rivers Capital in 2015 as an associate before being named vice president in 2017 and director in 2021.

Riverwood invests in construction safety software firm HammerTech

Growth equity firm Arrowroot Capital will remain a HammerTech shareholder after investing in HammerTech in 2019.

Wellness equipment provider Earthlite inks investment from Valesco

CIBC Capital Markets acted as financial advisor to Earthlite on the deal.

H&F invests in manufacturer Safe-Guard Products International

With this investment, Safe-Guard's previous backer Stone Point Capital will continue as a partner with the company and participate on the company's board.

Elliott-backed Prosperity to sell insurance blocks to iA Financial

iA Financial Group is an insurance and wealth management group.

GoldenTree closes latest CLO at €404m

GLM EUR CLO 7 will initially be backed by an approximate €400 million portfolio of primarily senior secured loans.

Yali Capital rolls out India-based deep tech venture fund

Yali Capital was co-founded by Ganapathy Subramaniam, former CEO of Cosmic Circuits and Mathew Cyriac, executive chairman of Florintree.

Cleveland-Cliffs to acquire Stelco in C$3.4bn transaction

Lindsay Goldberg initially invested in Stelco in a restructuring transaction in 2017.

Westland Insurance acquires Alberta Best Insurance

Alberta Best Insurance is a property and casualty brokerage.