View this email online 

KKR to buy Circor in $1.6bn take-private deal; AEI has landed Yingling Aviation

Happy Monday, dealmakers. MK Flynn here on the Wire.

It’s a deal-packed morning, with transactions unveiled by KKR, AE Industrial Partners, and Warburg Pincus and Great Hill Partners, among others.

Let’s cut to the chase and go straight to the deals. 

Flow control

Hoping to repeat the success it had with Gardner Denver and others, KKR has agreed to buy Circor International, a Burlington, Massachusetts-based maker of pumps, valves and other flow control products and services for the industrials and aerospace and defense markets, in a $1.6 billion take-private transaction.

Subscribers to the premium version of the Wire may read all about the deal, including learning about KKR’s prior track record in flow control.

Business aviation

AE Industrial Partners has acquired a majority interest in Yingling Aviation, a Wichita, Kansas-based provider of maintenance, repair and overhaul and fixed-base operator services to business aviation and government customers throughout the US.

PE Hub subscribers will discover more about the transaction here.

Employee benefits

Warburg Pincus has made a significant investment in ParetoHealth, a Philadelphia-based employee benefits provider. Great Hill Partners, which invested the target in 2019, will retain an equal stake to Warburg Pincus, alongside a significant continuing investment from the current management team.

For  more, subscribe to the premium version of the Wire.

And for ongoing coverage of deals today and every day, check out the News in Brief section of PE Hub.

That’ll do it for today. I’ll be back with more tomorrow.

Until then, happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

William Blair has tapped Campbell Lutyens and Credit Suisse for two fund placement hires focused on the Mid-Atlantic as it continues to build out its private capital advisory capabilities. (Buyouts)

Whitehorse Liquidity Partners, working on wrapping up its fifth fund that’s been in market since 2021, plans to launch its next flagship by the end of the year, according to an LP letter seen by Buyouts.

As PERE’s latest residential real estate report confirms, the outlook for the secotor is strong. Another record year could be on the cards.

In its 2023 fund services report, Private Equity International examine how GPs are looking to improve data collection processes to keep up with demand, with some turning to third-party service providers, technology investments and new talent to streamline their operations.

European private credit investor Veld Capital has appointed Richard Kirkby, formerly of CVC Capital Partners, as its CFO. (Private Debt Investor)