Tracked deals
589
589 tracked deals across 2025.
Tracked deals
589
589 tracked deals across 2025.
Buyer mix
PE-led
665 pe · 103 strategic
Top trend
Volume peaked in 2021
940 tracked deals announced in 2021.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| KKR | 10 | Global alternative asset manager offering private equity,... | PE |
| TA Associates | 10 | Global private equity firm focused on growth investments ... | PE |
| FTV Capital | 7 | Sector-focused growth equity firm investing in financial ... | PE |
| H.I.G. Capital | 7 | Global alternative investment firm providing debt and equ... | PE |
| LDC | 7 | UK-based growth and mid-market private equity investor (p... | PE |
| PSG | 7 | Growth equity firm partnering with software and technolog... | PE |
| Insight Partners | 6 | Global software investor that provides growth capital and... | PE |
| General Atlantic | 5 | Global growth equity investor providing capital and strat... | PE |
| L Catterton | 5 | Consumer-focused private equity firm investing across pri... | PE |
| Temasek | 5 | Sovereign investment company that invests across multiple... | Investor |
Last 10 years
Supporting Data
Blackstone and Blue Owl announced a strategic minority investment in Atlas Holdings through funds managed by Blackstone GP Stakes and Blue Owl GP Strategic Capital. Atlas, a Greenwich, Connecticut-based industrial investment platform, owns and operates 30 industrial, manufacturing, and distribution businesses.
Dentira, a San Francisco-based procure-to-pay SaaS provider for dental practices and multi-site healthcare operators, has received a strategic growth investment from Vista Equity Partners. The funding will support Dentira's product development—including AI-driven capabilities and its Lab Marketplace & Automation Suite—to scale the company's platform across thousands of practices and DSOs.
Premialab, a provider of data, analytics and execution tools for quantitative investing, secured a $220 million growth investment led by KKR with participation from existing backer Balderton Capital. The capital will fund global expansion, accelerate product development (including a recently launched execution product co-developed with Eurex), and scale Premialab’s data and risk analytics platform for institutional clients.
LDC, the private equity arm of Lloyds Banking Group, has made a minority growth investment in Cheshire-based myHappymind to support the company’s expansion into more UK and international schools and ongoing product development. The funding will back the management team’s plans to scale the digital mental health and wellbeing programmes currently delivered to over 1,900 schools.
HCAP Partners, a California-based private equity firm, has made a growth investment in Puzzle Healthcare to accelerate scaling of its physiatry-led post-acute care coordination platform. The funding will support Puzzle's expansion of services across skilled nursing facilities and extend its national reach while aiming to reduce hospital readmissions and lower care costs.
BTQ Technologies announced a strategic investment in Keypair, a Korean full‑stack security company, to co‑own Keypair's post‑quantum cryptography (PQC) intellectual property and jointly develop hardware‑rooted, infrastructure‑grade security solutions. The partnership expands BTQ's footprint in South Korea and leverages Keypair's deployments across defense, energy and financial services to accelerate commercial integration of BTQ's quantum‑safe security roadmap.
Weathermatic, a Garland, Texas-based provider of smart irrigation controllers, cloud software (SmartLink), and field services, received a minority growth investment led by Rock Hill Capital with co-investment from True West Capital Partners. The capital will be used to accelerate product innovation, expand software capabilities and customer success resources, and support the company’s growth in water-management and irrigation solutions for landscape professionals and property/asset managers.
The Maven VCTs have completed a £2.5 million growth capital investment in London-based AI-enabled SaaS provider Digilytics to accelerate product development and geographic expansion. The funding will support further development of Digilytics' GenAI-driven document automation platform RevEL and expansion into additional loan types and new markets, strengthening go-to-market partnerships with tier-one clients.
Oakley Capital Fund VI has made an investment in Low Tides Holdings LLC, a partnership entity formed with luxury apparel and lifestyle brand James Perse. The capital will support James Perse's global expansion and marketing initiatives while backing its retail and direct-to-consumer growth.
AVANT, a Chicago-based technology services distributor and sales-enablement platform for Trusted Advisors, received a strategic growth investment from Court Square Capital Partners with a reinvestment from existing partner Pamlico Capital. The founders and executive leadership retain significant ownership and will continue to run the business as the new capital will be used to scale AVANT's platform, capabilities, and support continued growth initiatives.
HBox, a virtual care platform for specialty practices, received a growth investment from Charlesbank’s Technology Opportunities Fund II to accelerate expansion of its virtual care capabilities and scale its remote monitoring and patient-engagement offerings. The transaction closed on December 17, 2025 and will support HBox’s efforts to broaden specialty coverage (cardiology, pulmonology, nephrology) and strengthen its position as a virtual clinic partner for independent specialty practices.
Peloton Capital Management has made a strategic minority investment in Starfish Specialty Insurance, a New York–based managing general agent (MGA). The capital will support Starfish’s rapid scaling plans and position the company to pursue strategic acquisitions while keeping the founding team as significant stakeholders.
PairSoft, a provider of procure-to-pay automation and payment solutions, received a majority growth investment from TA Associates to support product enhancement, AI development and global expansion. Existing investor Turn/River Capital fully exited its stake; financial terms were not disclosed.
Godspeed Capital Management LP has made a strategic growth investment in NextPoint Group (NPG), a Herndon, Virginia-based provider of AI-powered software, cloud modernization, and mission-critical network capabilities for the U.S. intelligence and defense communities. Financial terms were not disclosed; NPG CEO Ron Kattas and other management will retain meaningful ownership while Godspeed partners to build NPG into a mission-technology platform and expand its offerings.
SK Capital Partners, through an affiliate, reached a definitive agreement to invest in Swixx BioPharma AG as the company looks to accelerate its next phase of growth and global expansion. The transaction values Swixx at more than €1.5 billion, with Swixx co-founders and CEO/CFO retaining significant ownership and existing investors HBM Healthcare Investments and Mérieux Equity Partners remaining shareholders.
Jordan Partners LLC has made a strategic growth investment in Vanguard Claims Administration, a family-owned third-party administrator (TPA) and independent adjusting platform serving property and casualty insurance markets. The capital will support Vanguard’s investments in technology, data/reporting, client infrastructure and a disciplined tuck-in acquisition strategy while preserving founder-led culture and client relationships.
Beyond Now has secured a majority investment from European software private equity firm Bregal Milestone to accelerate global expansion, deepen product innovation, and strengthen customer success as it enters its next growth phase. The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals.
ETHZilla Corporation purchased a 20% fully diluted stake in Karus for $3 million in cash and $7 million in ETHZilla common stock, valuing the strategic interest at $10 million. The investment gives ETHZilla board representation and governance rights and will integrate Karus's AI-driven auto-loan underwriting and analytics into ETHZilla's blockchain tokenization infrastructure to launch AI-modeled tokenized auto-loan portfolios beginning in early 2026.
Longshore Capital Partners invested in Enavate, a Tampa-headquartered Microsoft (Dynamics ERP) implementation and managed services provider. The partnership is intended to accelerate Enavate’s cloud and AI innovation, expand global delivery capabilities, and pursue targeted acquisitions.
Enceladus Partners, a family office, completed an investment in Smith Excavating, LLC, a second‑generation infrastructure services company headquartered in Winston‑Salem, North Carolina. Generational Group advised the transaction; Enceladus said the capital will support regional expansion, fleet and technology investments (including GIS capabilities), and partnership with CEO Matthew Smith to scale the business across the Mid‑Atlantic.
EQT Foundation has made a catalytic growth-stage investment in Overview Energy, a Virginia-based deep tech company developing satellites to beam solar energy from space to Earth. The funding will support Overview's path toward commercial deployment of its continuous space-based solar power beaming technology and help scale its technology for utility, data center and resilience markets.
Pronto, a Lehi, Utah–based secure, mobile-first team communications platform, received a significant minority growth investment from SEVA Growth LP. The capital will be used to accelerate sales, expand Pronto's customer footprint, and develop new product functionality and integrations; SEVA founder Shalin Mehta will join Pronto's board.
LNC Partners, a middle-market private equity firm, has completed a strategic growth investment in Bennie Health, a New York–based employee benefits broker and HR-focused technology platform. The capital will be used to accelerate Bennie's growth, expand its employee-facing technology, and support strategic M&A initiatives.
Maven’s MBO Fund II, together with other Maven client funds, has committed up to £15 million to back Covestus, a Cheltenham-based consumer healthcare platform, to accelerate its buy-and-build strategy. The initial investment will support Covestus’s acquisition of two oral-care brands, UltraDEX and Dentyl, from Venture Life Group plc to strengthen its UK and international oral-care footprint.
WindRose Health Investors has made a strategic growth investment in Stellus Rx, a Plano, Texas–based technology-enabled, value-based pharmacy care management platform. The undisclosed transaction will fund Stellus Rx’s expansion of clinical and operational capabilities and the scaling of its platform to serve additional patient populations nationwide.
Berkshire Partners has made a strategic growth investment in United Flow Technologies (UFT), a Texas-based technical distributor and solutions provider for the municipal and industrial water and wastewater markets. Existing investor H.I.G. Capital will remain a minority shareholder; the capital will be used to deepen UFT's service capabilities, support team growth, and accelerate nationwide expansion of its water infrastructure solutions.
Summit Financial has made a minority investment in Ivy Wealth Management, a West Warwick, Rhode Island-based registered investment advisor that oversees more than $500 million in client assets. The deal expands Summit’s national RIA platform and strengthens its presence in the Northeast while allowing Ivy’s principals to retain operational control and access Summit’s capital, technology and investment-management resources.
Advent International has made a strategic investment in Skyone, a Brazilian cloud, data and AI software company, through Advent's Latin American Private Equity Fund VII as part of Skyone's Series C (terms undisclosed). The funding will support Skyone's international expansion, scale its Skyone Studio and Autosky platforms, and accelerate R&D in AI and cloud capabilities. In connection with the transaction, Inovabra Ventures and select angel investors fully exited while founders and investors Henkan and BeWater remain significant shareholders.
Oakley Capital Fund VI is making a growth investment in Brevo (formerly Sendinblue) alongside growth equity investor General Atlantic, with Bpifrance and Bridgepoint remaining minority investors and management becoming the largest combined shareholder. The funding will support accelerated U.S. expansion, large-scale AI product investments and an intensified M&A strategy to scale Brevo's customer engagement SaaS platform globally.
Cleanwatts Digital has launched as an independent AI-powered digital energy company after a management buyout led by founding partners José Basílio Simões, Jorge Landeck and James McDougall, with investment from Celtis Venture Partners. The Coimbra-based company provides battery integration, renewable asset optimization and behind-the-meter energy management via a cloud-based platform that serves global clients and manages 1.5 TWh across ~35,000 IoT devices.
Affiliates of Castle Creek Capital acquired $40 million of common stock in FirstSun Capital Bancorp from legacy stockholders, becoming one of the company's largest institutional shareholders with roughly a 4% stake. The investment is intended to support FirstSun as it pursues a proposed merger with First Foundation Inc. and Castle Creek expects to join the company's board subject to regulatory and closing conditions.
EQT’s BPEA Mid-Market Growth Partnership (MMG fund) agreed to invest in PropertyMe, making EQT the majority investor in the Australian and New Zealand cloud-based PropTech platform. The transaction will pair EQT’s software and AI expertise with PropertyMe’s product innovation (including AiMe and MePay) to accelerate growth and geographic expansion while the founders retain a significant minority stake.
Oakley Capital Fund VI has made a growth investment in Paraty Tech, a Malaga-founded cloud-based hotel demand generation platform. Oakley will support Paraty's international expansion and pursue strategic acquisitions to scale the business and broaden its product offering.
Dallas-based Braemont Capital has made a strategic growth investment in Royal Cup Coffee & Tea, a nearly 130-year-old Birmingham roaster and distributor. The partnership will provide capital and operational support to expand Royal Cup's roasting and distribution capabilities and strengthen its presence across hospitality, foodservice, healthcare and convenience channels.
InTandem Capital Partners completed an equity investment in The Phia Group, a Canton, Massachusetts-based leader in healthcare cost containment. HarbourVest Partners and Partners Capital joined as co-investors, while WestView Capital Partners remains a significant existing investor; advisors to the transaction included Houlihan Lokey and TripleTree.
ONE Bow River National Defense Fund made a strategic growth investment in Odyssey Space Research, a provider of spaceflight software and engineering services. The investment will support Odyssey's growth with government and commercial customers, and fund expansion into new mission areas and continued development of proprietary tools and software.
Arcline Investment Management, a growth-oriented private equity firm, completed a strategic investment in American Casting Company (ACC), a Hollister, California-based provider of engineered investment castings for aerospace, defense, medical and energy applications. ACC will continue to be led by CEO Chris St. John; Arcline plans to support expansion of the company’s capabilities and capacity to meet rising demand from OEMs reshoring mission‑critical components. Janes Capital Partners served as financial advisor to the company.
Maven VCTs have made an initial £1.5 million growth capital investment in London-based HealthTech platform FITR. The funding will be used to accelerate product development, expand the team, and scale sales and marketing as FITR continues to grow its global coaching user base.
A subsidiary of ITOCHU Corporation has made a meaningful minority investment (19.5% stake) in Wood Partners to provide additional capital and strategic relationships. Wood Partners’ management will retain majority ownership, Fayez Sarofim & Co. will remain a significant minority holder, and Wood’s strategy and operations will remain unchanged; terms were not disclosed.
Low Carbon, an independent power producer focused on renewable energy, has secured a landmark investment from CVC DIF. The deal (expected to close in Q4 2025) will provide committed capital to help Low Carbon expand its installed capacity across the UK and key European markets, including Germany and Poland, with CVC DIF taking a majority controlling stake.
KKR has increased its investment in Lighthouse Learning Group, with additional participation from PSP Investments, as Lighthouse prepares for a new phase of platform expansion across major Indian metropolitan regions. KKR will remain the majority stakeholder while the fresh capital will support expansion of preschools and K‑12 schools, enhance teaching capabilities, technology initiatives, and operational systems.
TPG’s Rise Fund has made a minority growth investment in Healthcademia, joining majority shareholder G Square Capital to support the healthcare education provider’s next phase of expansion. The capital will be used to accelerate organic growth and pursue acquisitions as Healthcademia scales its technology-enabled healthcare education programs across Europe and the Americas.
SNH Capital Partners has made a strategic growth investment in Arctic Fisheries, a Buffalo, New York-based importer and distributor of premium seafood products. Michael Kotok will remain a shareholder and continue to lead the company as SNH provides capital and operational resources to accelerate Arctic Fisheries' growth across existing and new markets.
Trive Capital made a strategic growth investment in Illumis Global to accelerate the company's expansion and establish a comprehensive vendor management platform. The investment will support Illumis' technology investments, broaden its audit and analytics capabilities, and enable new offerings such as a proprietary Group Purchasing Organization while keeping current management in place.
Vantage Data Centers completed a $1.6 billion equity investment into its Asia‑Pacific platform led by an affiliate of GIC and a wholly owned subsidiary of ADIA, and used part of that capital to close the acquisition of Yondr Group’s 300MW+ hyperscale campus (JHB1) in Sedenak Tech Park, Johor, Malaysia. The deal expands Vantage’s APAC platform to roughly 1GW of operational and planned capacity and brings more than 30 Yondr APAC team members into the Vantage organization.
TA Associates has made a strategic minority growth investment in Aeris, a long-standing provider of SaaS-based IoT connectivity solutions. The capital will support Aeris' global expansion and product development—particularly in agentic AI, IoT security, and partner integrations—while TA will join Aeris' board; financial terms were not disclosed.
Houston-based Winterford Capital has partnered with multi-generation, family-owned Florida Powertrain & Hydraulics to support the company's next chapter of growth. Heritage Capital Group served as exclusive advisor to Florida Powertrain; financial terms of the transaction were not disclosed.
LPL Financial Holdings Inc. has acquired a minority ownership stake in Private Advisor Group, the Morristown, New Jersey–based RIA with $41.3 billion in AUM. Republic Capital Group served as the investment banking advisor to Private Advisor Group. The investment joins LPL with existing minority owner Merchant Investment Management and six legacy shareholders to deepen strategic ties and expand programs, technology, and operational support for advisors.
LoneTree Capital has made a strategic growth investment in Carson Living, a New York City–based provider of integrated access control and resident engagement software for multifamily properties. The capital and operational support will accelerate product innovation and national expansion; Mike Devine, Rhett Lambert and Peter Bozian will join Carson's board. Terms of the deal were not disclosed.
Frontier Growth has made a strategic growth investment in Sprocket Sports, a Chicago-based provider of an all-in-one software and services platform for youth sports club management. The investment will support Sprocket's product innovation and expansion of support for youth sports organizations, and Frontier Growth partner Tim Bechtold will join Sprocket's board.
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