ASH Investment Partners Invests in FortyAU

Bain & Company Invests in Ashling Partners to Expand Automation Capabilities

May 10, 2023

Consulting

Bain & Company has formed a strategic alliance and made a direct investment in Ashling Partners, a Chicago-based intelligent automation consulting and implementation firm backed by THL. The move deepens collaboration within Bain's Vector digital practices to scale automation and managed-services capabilities for enterprise clients across industries.

Beech Tree Private Equity Invests in Fourteen IP

April 9, 2025

Cloud & SaaS

Beech Tree Private Equity has made a growth investment in Fourteen IP, a UK-headquartered provider of cloud telephony and AI solutions for the hospitality industry. The investment will fund Fourteen IP’s global expansion (notably into Asia and Australia) and support a buy-and-build M&A strategy, backed by an acquisition facility from NatWest; Beech Tree will also join the company board.

Audax Private Equity Acquires 48forty Solutions from Grey Mountain Partners

December 1, 2020

Logistics & Distribution

Audax Private Equity has acquired a controlling interest in 48forty Solutions from Grey Mountain Partners. The investment positions 48forty — a leading North American pallet management and reverse logistics provider with a national network of facilities and over 2,400 employees — for continued organic growth and strategic add-on acquisitions to expand its product and service offerings.

Seven2 Acquires Majority Stake in ILLUIN Technology

December 18, 2025

AI & Machine Learning

Seven2, a Pan‑European mid‑market private equity firm, has acquired a majority stake in French AI software and consulting firm ILLUIN Technology, with CEO and co‑founder Robert Vesoul retaining a significant stake. The investment—made via Apax Development Fund II—will support ILLUIN’s product and R&D scaling, commercial expansion and European growth.

Hale Capital Partners Acquires Majority Stake in Athenium

November 6, 2024

Software

Hale Capital Partners, a New York-based growth private equity firm, led a cooperative recapitalization to acquire a majority stake in Athenium, a Dover, New Hampshire provider of risk and quality management software. The investment brings in Jim Greenwell as CEO and will support product development, AI/analytics capabilities and expansion into new verticals including insurance, financial services and government.

Incline Equity Partners Invests in Advanced Solutions International

October 30, 2025

Software

Incline Equity Partners has made a private equity investment in Advanced Solutions International (ASI), a cloud engagement-management software provider serving associations, trade unions and nonprofit organizations. Incline will partner with ASI’s management team to support product expansion, innovation and continued growth of ASI’s iMIS and complementary cloud offerings.