Crest Rock Partners Recapitalizes Motus Fibers Carve-Out, Launches NexForm Technologies

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.

Ethos Capital Acquires Newforma

April 3, 2023

Software

Boston-based private equity firm Ethos Capital has acquired Newforma, a Boston-headquartered provider of project information management (PIM) and BIM collaboration software for the architecture, engineering and construction (AECO) industry. The deal, in which Battery Ventures sold its stake, will support Newforma’s cloud migration and accelerated product development as the company expands its cloud-based collaboration platform.

Carlyle to Acquire AutoForm from Astorg

November 17, 2021

Software

Global investment firm Carlyle has agreed to acquire AutoForm AG, a Swiss provider of sheet metal forming and Body-in-White (BiW) assembly simulation software, from private equity firm Astorg. The transaction — subject to regulatory approvals — will see Carlyle support AutoForm’s growth by investing in its software platform, commercial operations and pursuing further acquisitions; financial terms were not disclosed.

Peak Rock Capital Affiliate Completes Acquisition of Amtech Software

August 9, 2021

Software

An affiliate of Peak Rock Capital has completed the acquisition of Amtech LLC and New Futura Services LLC (together, Amtech Software), a provider of manufacturing ERP software and technology services for the packaging and other manufacturing industries. Amtech, headquartered in Fort Washington, Pennsylvania, will continue to be led by founder and CEO Cosmo DeNicola, who remains a shareholder; Peak Rock views Amtech as a platform for product development and strategic add-on acquisitions to drive growth.

Stonebridge Partners Completes Recapitalization of MetalForming

April 7, 2022

Building Products

Stonebridge Partners completed a recapitalization of MetalForming, Inc., partnering with founder Geoff Stone and with debt financing and a co-investment from Main Street Capital. The transaction provides growth capital and expanded resources to support MetalForming’s market presence as a leading North American distributor of sheet metal forming machines; Geoff Stone remains on the board and the largest single shareholder.