Consortium Including Pittco, Arch Capital, BTG Pactual Acquires 10% Stake in Pershing Square for $1.045B

Goldman Sachs (Petershill) Takes Minority Stake in Arlington Capital Partners

February 22, 2021

Financial Services

Goldman Sachs Asset Management’s Petershill program has made a passive, non‑voting minority equity investment in Arlington Capital Partners to create a strategic relationship and support Arlington’s growth. The investment will not affect Arlington’s day-to-day management and is intended to accelerate the firm’s growth by expanding its LP base and strengthening its organization and infrastructure; Evercore and law firms served as advisors.

Jacobs Acquires 65% Stake in PA Consulting

November 30, 2020

Consulting

Jacobs has agreed to acquire a 65% majority stake in PA Consulting for an enterprise value of £1.825 billion (approximately $2.4 billion), with PA employees rolling 35% of the equity and The Carlyle Group exiting. The deal is structured as a private-equity-style investment including preferred and common equity, debt facilities provided by Jacobs (a £650 million term loan and up to £100 million revolving facility), and is intended to accelerate PA's growth and deepen Jacobs' digital, innovation and consulting capabilities.

Blackstone Strategic Capital Group and Goldman Sachs (Petershill) Acquire Minority Stake in Francisco Partners

July 13, 2019

Financial Services

Francisco Partners has sold a minority stake to Blackstone's Strategic Capital Group and Goldman Sachs Asset Management's Petershill program to provide balance-sheet capital to expand its platform and increase commitments to its funds. Terms were not disclosed; Evercore served as financial advisor and legal counsel teams were named for the parties.

Affiliates of Funds Advised by BC Partners Acquire Presidio, Inc.

December 19, 2019

IT Services

Affiliates of funds advised by BC Partners completed an all-cash acquisition of Presidio, Inc. for approximately $2.2 billion (including net debt), taking the company private and resulting in the delisting of Presidio’s common stock. BC Partners said the transaction will support Presidio’s growth initiatives and strategic investments to expand its digital infrastructure, cloud and security capabilities.

BPGC Management LP Acquires Controlling Stake in PB Materials

February 6, 2025

Building Products

A fund managed by BPGC Management LP acquired a controlling, substantial majority stake in PB Materials Holdings, Inc., a leading producer of construction aggregates and ready‑mix concrete in the Permian Basin. Investment vehicles managed by affiliates of LSV Advisors served as lead investor alongside BPG; the sellers were certain funds managed by WL Ross & Co. LLC. Financing was provided by Fortress Investment Group and Hillcrest Bank, and terms were not disclosed.

Arch Capital, with Warburg Pincus and Kelso, Acquires Watford Holdings Ltd.

July 2, 2021

Financial Services

Arch Capital Group Ltd., together with investment partners Warburg Pincus and Kelso & Company, completed the all-cash acquisition of Watford Holdings Ltd. under a revised agreement that valued the deal at roughly $700 million ($35.00 per share). Arch will hold ~40% of a newly formed affiliated purchaser while Warburg Pincus and Kelso will each hold ~30%, with the transaction intended to support Watford’s long‑term strategy and continuity of service for policyholders.