Primient to Acquire Full Ownership of Primient Covation, LLC

Cprime Acquires Vincerion to Expand IT Portfolio Management and FinOps Capabilities

October 19, 2023

IT Services

Cprime, a global provider of agile ways of working and technology consulting, has acquired Vincerion, a San Francisco–based portfolio optimization and financial transformation consultancy. The acquisition strengthens Cprime’s IT portfolio management and FinOps offerings—bringing Vincerion’s portfolio modeling and outcome-based budgeting capabilities into Cprime’s service set and supporting integrations with tools like Apptio.

KPS Capital Partners to Acquire Tate & Lyle’s Remaining 49.7% Interest in Primient for $350 Million

May 23, 2024

Food & Beverage

KPS Capital Partners entered into a definitive agreement to acquire Tate & Lyle PLC’s remaining 49.7% ownership interest in Primary Products Investments LLC (Primient) for $350 million. The transaction is expected to close by the end of July 2024, subject to customary approvals and closing conditions.

Primus Capital Invests in Prendio and BioProcure

October 18, 2023

Cloud & SaaS

Primus Capital has made a growth equity investment in Prendio and sister company BioProcure to support organic growth, expansion into additional life-sciences markets, and continued product and service innovation. The investment will back Prendio's cloud-based eProcurement SaaS and BioProcure's procure-to-pay support services for biotech customers; Aeris Partners served as exclusive financial advisor to the sellers and law firms Latham & Watkins and Goodwin Proctor served as legal advisors.

KPS Forms Primient to Acquire Tate & Lyle's Primary Products Business

July 12, 2021

Food & Beverage

KPS Capital Partners agreed to acquire a controlling stake in Tate & Lyle’s Primary Products business and, together with Tate & Lyle, formed NewCo (Primient) to own the assets for an enterprise value of $1.7 billion. The transaction (a divestiture of Tate & Lyle’s Primary Products unit) creates an independent platform focused on nutritive sweeteners, industrial starches and other corn-derived ingredients, with KPS holding operational control and Tate & Lyle retaining a ~50% ownership stake.

Avant Technologies Proposes Acquisition of Ainnova Tech to Consolidate Vision AI JV

May 13, 2025

Healthcare Services

Avant Technologies has entered formal negotiations to acquire its joint-venture partner Ainnova Tech (operating through Ai-nova Acquisition Corp.), aiming to merge the businesses ahead of an FDA pre-submission meeting. The deal is intended to streamline regulatory coordination, speed clinical development and support U.S. market entry for the Vision AI clinical screening platform currently piloted across Latin America.

Primat Group Acquires Controlling Stake in Curtis Metal Finishing Group from HCI Equity Partners

May 23, 2023

Industrial Services

Primat Group, an Italian fastener-coating applicator, made a controlling investment in HCI Equity Partners' portfolio company Curtis Metal Finishing Group, a Michigan-based provider of heat treatment and protective coating services for metal fasteners. The deal gives Primat a North American footprint while HCI remains a shareholder; financial terms were not disclosed.