ABACO and Lowy Family Group Recapitalize FranDevCo

Full Spectrum Franchise Consulting Acquires FranDevCo

January 16, 2025

Consulting

Full Spectrum Franchise Consulting, a portfolio company of L2 Capital, has acquired FranDevCo, a franchise development and sales organization headquartered in Cornelius, North Carolina. The acquisition expands Full Spectrum's franchise consulting, development, marketing and lead-generation capabilities and brings experienced franchising leaders Rob Weddle and J. Patrick Galleher onto the board of Full Spectrum.

NB Capital Solutions & Neuberger Berman Complete Minority Recap of FDH Aero; Audax Remains Control Investor

May 9, 2024

Aerospace & Defense

NB Capital Solutions, with additional funds advised by Neuberger Berman, has made a significant minority recapitalization investment in FDH Aero. The transaction provides FDH with growth capital for organic and inorganic initiatives and partial liquidity to the existing investor base while Audax Private Equity remains the control investor.

Liftout Capital Acquires Majority Stake in Franchise Creator

August 15, 2023

Consulting

Denver-based Liftout Capital acquired a majority stake in Miami/Doral-based Franchise Creator, a franchise development and consulting firm; founder Hossein Kasmai will remain as CEO. True West Capital Partners provided financing to support the transaction, which Liftout said is intended to accelerate Franchise Creator's growth and expand its franchise development capabilities.

Frazier Healthcare Partners Recapitalizes Accuity Delivery Systems

October 26, 2020

Healthcare Services

Frazier Healthcare Partners led a recapitalization of Accuity Delivery Systems on October 26, 2020, with participation from 22C Capital and existing shareholders including WindRose Health Investors, founder Dr. Eric Moskow, and Accuity senior leadership; Adams Street Partners provided debt financing and a meaningful equity co-investment. The investment will support Accuity’s growth, expanded leadership team, and continued investment in its proprietary technology platform and physician-led Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.

Frontenac Recapitalizes Beckway Consulting, LLC

September 24, 2025

Professional Services

Frontenac has recapitalized Beckway, a New York-based professional services firm that provides operational, performance improvement and financial solutions to private equity-backed and corporate clients. The transaction, completed in partnership with Beckway’s co-founders and management and with Shvetank Shah joining as Chairman, will fund team investment, organic growth and the firm’s M&A ambitions; Monroe Capital provided the senior financing and Clearsight Advisors advised Beckway.

Trinity Investors Recapitalizes Devansoy Inc.

September 14, 2022

Food & Beverage

Trinity Investors, a private equity firm based in Southlake, Texas, invested $27.0 million in Devansoy to recapitalize and fund the company's growth. Devansoy, based in Rock City, Illinois, is a third-party manufacturer of oat, soy, and pea protein bases for dairy-alternative products and will use the capital to expand capacity and capture rising demand for plant-based ingredients.