Morning Hubs!
This is Chris, on for Wire Wednesday.
How’s your year starting out? What’s new in PE land? How are things looking on the exit front? That’s the big question on everyone’s mind: when will exit activity start picking up again and from that, distributions begin flowing back into LP coffers? • Orangewood Partners makes strategic investment in property restoration company.
• Bruin Capital exits sports marketing company.
• Deal of the Year Awards nominations now open, send us your best exits. Awards It’s that time again! We’re opening up our annual Deal of the Year awards for the best exits of 2023. Visit here for contest rules and other information, including lists of past winners. And hit me up with questions at [email protected] (but please read the rules PDF that can be downloaded, which should answer most of your questions).
Construction Orangewood Partners is announcing a strategic investment in Servpro West Coast DRT, which provides property cleaning, restoration and reconstruction services. The deal includes equity rollover and participation by existing management and company founders.
An exit Bruin Capital is selling a majority stake in Two Circles, a sports marketing company, to Charterhouse Capital Partners. The business will continue to be led by co-founder and CEO Gareth Balch, alongside current management, which will reinvest in the company as part of the deal, Bruin said in a statement.
More sports Platinum Equity acquired youth sports apparel suppliers Georgia-based Augusta Sportswear Brands and North Carolina-based Founder Sport Group. The companies provide team uniforms and off-field performance wear and fan apparel for the youth and recreational sports markets.
That’s it for me! Hit me up with tips n’ gossip, feedback or book recommendations at [email protected] or find me on LinkedIn. Read the full wire commentary on PE Hub ... | 