Affiliates of Cerberus Capital Management Acquire Outform Group

Gemspring Capital Acquires Outform and Merges It with Rapid Displays

April 22, 2021

Marketing & Advertising

Gemspring Capital completed the acquisition of Outform, Inc., a Miami-based retail innovation agency, and merged it into its existing portfolio company Rapid Displays to create a global retail marketing and merchandising platform. Outform's founder and CEO Ariel Haroush remains in an executive role with a meaningful ownership stake; the combined company will provide end-to-end design, production and global execution services for major brands and retailers.

Outform Acquires Alrec

October 18, 2022

Manufacturing

Outform, a Gemspring Capital portfolio company, has acquired Alrec, a Netherlands-headquartered provider of end-to-end retail merchandising, shop-in-shop and display manufacturing solutions. The deal expands Outform's footprint across the UK and Europe and brings in-house production capability in Łódź, Poland to strengthen global execution for brand and retail clients.

Ares Management and Partners Acquire Majority Stake in Form Technologies

January 21, 2025

Manufacturing

Ares Management funds have acquired a majority of Form Technologies' common equity as part of a financing package that injected approximately $304 million of new equity to deleverage the company and support strategic growth. The capital—$154 million of common equity from Ares, the D. E. Shaw group and Onex Credit, plus $150 million of preferred equity from the D. E. Shaw group and Ripple Industries—will fund investments in operational capabilities and commercial expansion across Form Technologies' global manufacturing footprint.

Gemspring Capital Affiliate Acquires and Combines FORM with Trax Retail Image Recognition to Create Global Retail Execution Platform

February 4, 2026

Cloud & SaaS

Gemspring Capital Management announced that an affiliate acquired and combined FORM with the image recognition business of Trax (Trax IR), creating a global retail execution and data intelligence software platform for the consumer packaged goods (CPG) ecosystem. The combined platform integrates FORM’s frontline task/workflow execution and shelf intelligence with Trax’s AI-powered computer vision for SKU-level, shelf-level insights, aiming to drive improved compliance, reduced out-of-stocks, and faster decision-making at scale.

IK Investment Partners and ICG Partner with Formuesforvaltning

February 22, 2021

Wealth Management

IK Investment Partners and Intermediate Capital Group (ICG) will acquire stakes in Nordic wealth manager Formuesforvaltning, investing alongside founder Ole Jacob Sunde and the management team. The investment will support the firm's international expansion and digital capability development; the transaction is subject to regulatory approval.

OvareVentures Acquires BE Outfitter

October 27, 2020

E-Commerce

OvareVentures, the growth initiative of OvareGroup, has acquired BE Outfitter, a San Diego–based direct-to-consumer outdoor gear brand. The acquisition brings BE Outfitter into OvareVentures' DTC portfolio and will provide marketing, strategy and distribution support across the OvareGroup platform.