Iris Dorbian
OpenGate acquired SMAC in 2019 from from Colas Group, a subsidiary of Bouygues SA.
According to the terms of the deal, EMH Partners will obtain a significant minority stake, while Elvaston continues to have majority ownership.
Headquartered in France, AXA IM is an investment management firm.
Summit has also hired Ryan McDonald as a principal for the firm's healthcare and life sciences team.
The event 'aims to recast the conversation around and within private equity and connect limited partners responsible for more than $30trn with top-tier general partners'.
His appointment is effective January 1, 2024.
Bruin Capital has exited as a result of this transaction.
The sellers are Posella Limited and Solter Capital.
The deal is expected to close and get regulatory approval in the first quarter of this year.
IGG is a UK-based provider of professional pensions trusteeship and governance services providers.