Atlas Merchant Capital-Led Group Acquires ~25% Stake in Ascensus

Stone Point Capital and GIC to Acquire Ascensus from Genstar, Aquiline and Atlas Merchant Capital

April 26, 2021

Financial Services

Funds managed by Stone Point Capital and GIC have agreed to acquire Ascensus from a private-equity group led by Genstar Capital, Aquiline Capital Partners, and Atlas Merchant Capital. Genstar and Aquiline will retain minority stakes; the transaction is expected to close in Q3 2021 pending regulatory approvals and customary conditions.

New Mountain Capital and Wind Point Partners Recapitalize Ascensus Specialties

July 7, 2021

Manufacturing

New Mountain Capital has led a recapitalization of Ascensus Specialties, with Wind Point Partners exiting its prior fund position while reinvesting alongside New Mountain through a special purpose vehicle anchored by Blackstone Strategic Partners. Ascensus, a Bellevue, Washington-based specialty chemicals manufacturer and global leader in borohydride, borane and specialty alcoholate reagents, will use the new capital to support R&D, product innovation and continued growth across pharmaceutical, microelectronics and other specialty end markets.

General Atlantic Makes Minority Investment in Partners Capital Investment Group

February 8, 2024

Financial Services

General Atlantic has acquired a minority stake in Partners Capital Investment Group by purchasing equity from longstanding external shareholders and some founding-generation partners. The transaction will increase ownership by the current leadership to retain senior talent while enabling Partners Capital to leverage General Atlantic's global network and capabilities to deepen investment and technology capabilities.

Capital Constellation Acquires Minority Stake in Avista Capital Partners

January 12, 2021

Financial Services

Capital Constellation, a group of institutional investors managed by Wafra Inc., acquired a minority ownership interest in New York-based private equity firm Avista Capital Partners. The strategic investment provides Avista with growth capital to expand its healthcare-focused investment platform and increase commitments to its funds; Houlihan Lokey and Kirkland & Ellis served as advisors on the transaction.

Aquiline Capital Partners Acquires Majority Stake in Ontellus

January 6, 2020

Healthcare Services

Aquiline Capital Partners has completed an investment in Ontellus, acquiring a majority ownership stake and investing alongside existing investor The CapStreet Group and management to provide capital for growth. Ontellus, a Houston-based provider of tech-enabled medical and claims records retrieval for insurers and law firms, will use the investment to expand its records retrieval capabilities; financial terms were not disclosed.

GI Partners Acquires Atlas Technical Consultants for ~$1.05B

April 19, 2023

Engineering Services

GI Partners has completed the acquisition of Atlas Technical Consultants in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. Atlas stockholders received $12.25 per share, Atlas common stock will be delisted, and the take-private is intended to accelerate growth under GI Partners’ ownership; Bernhard Capital Partners was the company’s leading investor prior to the sale.