Valuations Climb Across Midmarket Deals Despite Slower Activity
Middle‑market deal multiples rose sharply over the trailing twelve months, with median EV/EBITDA climbing to 9.2× from 8.4× a year earlier, according to TagniFi’s PowerComps data. Larger transactions saw the biggest jumps—deals between $200 million and $500 million reached 11.4×, while the $500 million‑$999 million band hit 12.0×. Valuation growth was uneven, as smaller $10 million‑$50 million deals posted modest gains and overall deal volume remained muted. Earnouts now account for about 16.5% of enterprise value in the lower‑mid market, reflecting tighter pricing negotiations.
Achieve Partners Closes $450 Million Workforce Fund II
Achieve Partners has closed its second private‑equity vehicle, Achieve Partners Workforce II LP, at $450 million, more than double the size of its inaugural fund. The capital comes from a roster of institutional investors including Cambridge Associates, J.P. Morgan Asset Management,...
Greenleaf Capital Launches Centered Partners
Greenleaf Capital Partners has launched Centered Partners, a St. Louis‑based advisory offering M&A, capital markets, insurance brokerage, and commercial real‑estate services to middle‑market firms. The new firm targets sectors such as HVAC, residential services, manufacturing, construction, and financial services, drawing...
Dominus Surpasses Target in $640 Million Fund IV Close
Dominus Capital closed its fourth private‑equity fund, Dominus Capital Partners IV LP, at $640 million—well above the $500 million target and at the fund’s hard cap. The capital raise attracted limited partners from 16 countries, with North‑American investors providing 52% of commitments. The new...
Leeds Equity Closes Oversubscribed Fund VIII
Leeds Equity Partners announced the closing of its eighth fund, Leeds Equity Partners VIII LP, with $1.9 billion in capital commitments, exceeding its target and surpassing the previous fund by more than $500 million. The fund focuses on control buyouts in the...
Stonebridge Acquires CVM Electric with Madonia Family Retaining Stake
Stonebridge Partners has closed its acquisition of Buffalo‑based CVM Electric, a full‑service electrical contractor serving commercial, residential, industrial, and institutional markets in Western New York. The Madonia family, former sole owners, retained a significant equity stake and will continue to...
Great Range Launches Industrial Compliance Platform
Great Range Capital has appointed Ryan Moody to lead a search for a new industrial compliance platform, with Gary Baughman joining as executive chairman. The strategy focuses on acquiring fragmented, founder‑led service providers that deliver compliance, safety, environmental, testing, certification,...
Chimney Rock Buys Gas Clip Technologies, Maker of Portable Gas Detectors
Chimney Rock Equity Partners announced the acquisition of Dallas‑based Gas Clip Technologies, a maker of portable gas detectors used in industrial, marine, utility, refining and chemical processing environments. Gas Clip, founded in 2003 by Bryan Bates and Fonda Tosh, designs...
Mangrove Equity Partners Closes $250 Million Fund IV at Hard Cap
Mangrove Equity Partners announced the hard‑cap close of its fourth fund, Mangrove Investors IV LP, at $250 million. The fund was oversubscribed for the third consecutive time, attracting a diverse group of institutional limited partners from the United States and Europe....
Ascend Rises with Close of New Fund
Ascend Capital Partners closed its second fund, Ascend Capital Partners Fund II LP, with $791 million in commitments, surpassing its $700 million target. The fund, focused on growth-oriented healthcare services, was oversubscribed and attracted both existing and new limited partners. Ascend has...
Soundcore Closes Fund III Above Target at $450 Million
Soundcore Capital Partners announced the closing of its third fund with $450 million in commitments, exceeding its self‑imposed hard cap. The fund attracted 117 limited partners across 12 countries, with the general partner contributing $25 million, representing just under 6% of...
HGGC Closes $3.2 Billion Fund V Above Target and Hard Cap
HGGC announced the close of its fifth flagship vehicle, HGGC Fund V LP, with roughly $3.2 billion in commitments, outpacing its $2.5 billion target and the $2.8 billion hard cap. The capital pool draws from a mix of new and existing public and...