Arieli EL Acquires 59.14% Stake in Elron Ventures

CI Financial Acquires Coriel Capital

August 10, 2023

Financial Services

CI Financial Corp. agreed to acquire Coriel Capital Inc., a Montreal-based wealth manager that serves ultra-high-net-worth families and manages approximately $1.3 billion in client assets. The acquisition expands CI's presence in the ultra-high-net-worth market and complements its CI Private Wealth and Northwood Family Office businesses; the deal is expected to close in the fourth quarter.

Ariel Alternatives Acquires Majority Stake in Sorenson

April 4, 2022

Telecommunications

Ariel Alternatives, LLC has acquired a 52.5% majority stake in Sorenson at an enterprise valuation of $1.3 billion, with existing shareholders (including Blackstone Credit, a Franklin Mutual Advisers fund, and private credit accounts managed by KKR) retaining minority stakes. The investment will support expansion of Sorenson's accessible communication products and platforms for Deaf and hard-of-hearing communities globally, while bringing new leadership and board expertise to accelerate product, security, and regulatory capabilities.

Closed Loop Partners Invests in ERI (Electronic Recyclers International)

July 15, 2021

Industrial Services

New York-based Closed Loop Partners' Leadership Fund has taken an ownership stake in ERI (Electronic Recyclers International), a Fresno-headquartered IT asset disposition (ITAD) and electronics recycling company. The investment will fund ERI's expansion (North American and international), upgrades in AI and robotics, and enhancements to its proprietary tracking software while Closed Loop founder Ron Gonen joins ERI's board.

PSG Equity Acquires Elron Ventures' Shares in IronScales

November 20, 2024

Cybersecurity

PSG Equity purchased Elron Ventures' secondary stake in IronScales at an approximate company valuation of $340 million. The secondary sale generated estimated proceeds of $26 million for Elron and reflects a roughly 23x return on Elron's original investment; IronScales is an AI-powered email security provider.

Brookfield Reinsurance Acquires American Equity Investment Life Holding Company (AEL)

May 2, 2024

Insurance

Brookfield Reinsurance (BNRE) entered into and expected to close its acquisition of American Equity Investment Life Holding Company (AEL), with the transaction expected to close after market on May 2, 2024. The deal brings AEL’s annuities and life insurance capabilities under Brookfield Reinsurance’s capital-solutions platform to expand liability-driven asset allocation and private asset management capabilities.

EQT Private Equity Makes ~USD 100M Growth Investment in CYE

February 10, 2021

Cybersecurity

EQT Private Equity, via its EQT Mid Market Europe fund, has agreed to make an approximately USD 100 million growth investment in Israel-based cybersecurity firm CYE (CYESEC). The founder and CEO Reuven Aronashvili will retain a significant share and continue to lead the company as the investment supports go-to-market and product investments, geographic expansion and consolidation efforts in the fragmented cybersecurity market.