Bain Capital and ADIA Acquire Merchants Fleet with Management Co-Investment

SouthPoint Bancshares Acquires Merchants Financial Services

January 6, 2022

Financial Services

SouthPoint Bancshares, Inc. completed a strategic merger with Merchants Financial Services, Inc., with SouthPoint as the surviving entity. Merchants Bank of Alabama was merged into SouthPoint Bank as a division, creating a combined organization with over $1.0 billion in assets, approximately $0.9 billion in deposits and 10 branches, extending SouthPoint’s franchise along the I‑65 corridor into Cullman, Hanceville and Arab, Alabama.

Bain Capital Private Equity Acquires Imperial Dade from Audax Private Equity

June 1, 2019

Logistics & Distribution

Bain Capital Private Equity has completed the acquisition of Imperial Dade, a leading U.S. distributor of disposable foodservice and janitorial supplies, from Audax Private Equity. Imperial Dade's management (the Tillis family) and Audax will remain meaningful investors as Bain partners with management to accelerate the company's buy-and-build strategy and national expansion.

Investcorp Acquires Mercury Capital Advisors

May 26, 2019

Financial Services

Investcorp entered into a definitive agreement to acquire Mercury Capital Advisors, a global institutional capital raising and investment advisory firm. Mercury will continue to operate independently under its current leadership; financial terms were not disclosed and the deal was expected to close in Q3 2019 subject to regulatory approvals.

Advent International Acquires Significant Stake in Imperial Dade from Bain Capital

May 2, 2022

Logistics & Distribution

Advent International has signed a definitive agreement to acquire a significant stake in Imperial Dade, the leading North American distributor of foodservice packaging and janitorial supplies, from Bain Capital Private Equity. Bain Capital will retain board governance and remain a significant investor alongside the Tillis family and Audax, while Imperial Dade will continue to be led by Chairman Robert Tillis and CEO Jason Tillis; financial terms were not disclosed.

Advent International and ADIA Take Minority Stake in Fisher Investments

June 17, 2024

Financial Services

Advent International and a subsidiary of the Abu Dhabi Investment Authority (ADIA) made a minority common stock investment of roughly $3.0 billion in Fisher Investments, valuing the firm at $12.75 billion. Founder Ken Fisher sold personal holdings but will retain majority ownership and over 70% of voting shares; Damian Ornani remains CEO and David Mussafer (Advent) joins Fisher's board.

Brightstar Capital Partners Acquires Majority Stake in Amerit Fleet Solutions

December 28, 2020

Transportation

Brightstar Capital Partners acquired a majority stake in Amerit Fleet Solutions, a Walnut Creek, California-based nationwide provider of outsourced fleet maintenance and mobile repair services. Stellus Capital Management provided unitranche financing to support the transaction; Amerit’s co-founders (Dan Williams and Amein Punjani) remain partnered with Brightstar to grow the business and expand its national capabilities.