28 Apr, 2025

Avathon acquires OculusIT from ElevenX; Ardian buys remaining stake in Hill Top

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By S&P Global Market Intelligence


Deal Wrap is updated as of 3 p.m. ET.

– Avathon Capital acquired Miami-based education-focused IT services provider OculusIT LLC from ElevenX Capital. BakerHostetler was Avathon Capital's legal adviser. Tyton Partners was ElevenX's financial adviser, and Greenberg Traurig was its legal adviser.

– Ardian SAS acquired the remaining stake in US natural gas turbine facility Hill Top Energy Center LLC.

– Copenhagen Infrastructure Partners P/S agreed to divest a 50% stake in Scottish battery storage facility Coalburn 1 to AXA Investment Managers Alternatives. Ashurst was Copenhagen Infrastructure's legal adviser, and RBC Capital Markets was its financial adviser.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.