Deals in brief

Accion unveils $152.5m digital transformation fund

The fund's investors include British International Investment, the Dutch entrepreneurial development bank FMO, IDB Invest, International Finance Corporation and Mastercard.

Bain Capital-backed Dessert Holdings acquires Kenny's Great Pies

The seller was Kaho Partners.

CalSTRS appoints Chan as CIO

Chan has served as CalSTRS deputy chief investment officer since 2018.

HKW-backed PANOS Brands acquires The Santa Barbara Smokehouse

PANOS is a provider of branded consumer foods.

Huron Capital-backed Hansons acquires home repair firm Paramount Builders

Hansons is a Troy, Michigan-based provider of residential repair and renovation services with a focus on windows, roofing, siding, gutters, and one-day bath solutions.

Copley Equity-backed Gregory FCA snaps up financial services PR firm BackBay

Pennsylvania-based Gregory FCA is a public relations firm.

Watermill invests in hardwood fiber provider Musser

Richter Consulting provided financial due diligence advice to Watermill on the deal.

Avathon Capital scoops up Summit Professional Education

Houlihan Lokey was financial advisor to Summit while BakerHostetler and McGuireWoods provided legal advice to Avathon.

Mubadala Capital and Fortress Management complete acquisition of Fortress Investment Group

The seller was SoftBank.

PE-backed IRIS Software Group acquires HR software firm Swipeclock

IRIS is a software provider of accounting and payroll solutions.