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Deal Wrap: Leeds Equity buys OffSec; Sound Growth acquires Stueve Construction

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Deal Wrap: Leeds Equity buys OffSec; Sound Growth acquires Stueve Construction

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

– Leeds Equity Advisors LLC acquired New York-based cybersecurity training provider OffSec Services Ltd. from Spectrum Equity Management LP. Reed Smith was Leeds' legal adviser. J.P. Morgan was OffSec's financial adviser.

– Sound Growth Partners acquired US fertilizer storage builder Stueve Construction LLC. Brookside Capital Partners, Capitala Group and other investors provided capital for the deal.

– Frazier Management LLC acquired US-based medical imaging parts supplier DirectMed Imaging from NMS Capital Services LLC.

– Stone Point Capital LLC agreed to acquire a major stake in US-headquartered wealth management platform provider Kestra Holdings, replacing Warburg Pincus LLC. Oak Hill Capital Management LLC remains a minority owner.

– Blackford Capital Associates II Inc. acquired US outdoor living goods distributor Empire Distributing. Loeb & Loeb and Varnum LLP were Blackford's legal advisers and Grant Thornton, Hilco Global and Plante Moran were its financial advisers. Paramax was Empire Distrbuting's financial adviser.

– Y Combinator sold US-headquartered document management platform UpLink Inc. to DataSnipper BV.

– Montefiore Investment SA acquired a majority stake in Italian optical retail chain Demenego Srl from VAM Investments Group SpA.

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.