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Ethos Capital , a global investment firm specializing in middle-market companies, along with co-investors BCI and White Mountains Partners , agreed to acquire a majority stake in BroadStreet Partners , a North American insurance brokerage company, from Ontario Teachers' Pension Plan , a global investor managing assets for Ontario's teachers. Financial terms were not disclosed, according to press releases.
Ethos Capital is advised by Kirkland & Ellis and Prosek Partners . BCI is advised by Debevoise & Plimpton . White Mountains is advised by Cravath, Swaine & Moore LLP . OTPP is advised by Ardea Partners , BMO Capital Markets , RBC Capital Markets , Latham & Watkins and Torys LLP , according to press releases and MergerLinks data.
Private equity firms Hg , Abu Dhabi Investment Authority (ADIA) and CPP Investments | Investissements RPC , agreed to acquire a majority stake in IFS , a provider of cloud enterprise software and Industrial AI applications, at €15bn valuation, according to press releases.
IFS is advised by Arma Partners , Evercore and White & Case LLP . Hg Capital is advised by Morgan Stanley and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates , according to press releases and MergerLinks data.
Bain Capital , a global investment firm, agreed to acquire a 9.9% stake in Lincoln Financial , a financial services company, for $825m, according to press releases.
Lincoln Financial is advised by Goldman Sachs and Wachtell, Lipton, Rosen & Katz (led by Nicholas G. Demmo). Bain Capital is advised by SMBC Group , Debevoise & Plimpton (led by Nicholas Potter), Ropes & Gray LLP and Stanton (led by Charlyn Lusk), according to press releases and MergerLinks data.
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