Hexagon agreed to acquire Toronto-based Rocscience, a maker of geotechnical and engineering analysis software, from TA Associates and the company's founders at an enterprise value of about $535M. Rocscience will join Hexagon's Radar & Monitoring Division, and TA will fully exit its stake.
AEA Investors' middle-market team and British Columbia Investment Management acquired Rensa Filtration, an Illinois-based maker of air filtration for data centers, power, semiconductor and healthcare uses, from Audax Private Equity. Audax and management keep minority stakes. Terms were not disclosed.
Veriv, backed by Renvent Holdings and Sunriver Capital Partners, launched its platform and made its first acquisition, financial verification provider bankVOD.
Exuma Capital-backed American Service Partners formed a national HVAC, plumbing and electrical platform by acquiring brands from Platform Partner Holdings and Air Today Holdings.
KKR agreed to acquire Gen II Fund Services, a global leader in private capital fund administration, at a total enterprise value of $5.1 billion. The firm is buying Gen II from Hg, General Atlantic and other minority investors through its Core Private Equity strategy. CEO Steven Millner and the existing leadership team will continue to run the business.
Keystone Capital sold VDA, a national vertical transportation inspection and program management firm, to Warren Equity Partners after five years and 20-plus add-on acquisitions. Terms were undisclosed.
Growth-equity firm Stride Consumer Partners acquired a majority interest in Clio, the refrigerated Greek yogurt bar maker on track to produce more than 150 million bars this year.