AltAssets daily private equity deal roundup – September 14, 2023


Apollo Global Management is reportedly among potential buyers of the global lottery and casino gaming division of International Game Technology, which could hit a $5bn valuation. IGT has been exploring options for the unit since the start of the summer. Reuters reported the Apollo interest and potential sale price, citing unnamed sources.

TPG has agreed a $336m investment in data management company Denodo through its growth investment arm. The deal will see HGGC, which bought into the company in 2017, sell shares but remain a “significant backer”. JP Morgan acted as placement agent for Denodo in the deal.

GI Partners has agreed its first data infrastructure investment in Europe with the buyout of ASK4 from Bowmark Capital. The company provides in-building internet connectivity to the multi-tenant real estate sector, supporting over 320,000 customers in 12 countries. GI scored one of the largest initial raises for an open-ended real estate vehicle in recent years by collecting $1.45bn for its Real Estate Essential Tech + Science Fund in 2022.

Brixey & Meyer Capital has sold Guardian Access Solutions to CenterOak Partners. The company provides design, installation, service and preventative maintenance solutions for commercial gates, overhead doors, parking systems and access control/CCTV. Guardian bolted-on three businesses in the wakr of BMC’s investment in 2020.

Incline Equity Partners has exited Foundation Source, a provider of back office functions and services for private foundations. The deal comes three years after Incline bought the business, which provides solutions including foundation creation, administration, compliance monitoring, tax and legal assistance, philanthropic advisory and online management.

Specialty materials, ingredients and life sciences investor SK Capital has completed its buyout of Ecopol, a developer and producer of biodegradable films and delivery systems. SK has acquired a majority interest in the company with Mauro Carbone, Ecopol’s CEO and controlling shareholder, retaining a significant stake and remaining as both the CEO and largest individual shareholder.


Get the latest PE News & Research delivered to your inbox every morning