Chris Witkowsky

Silver Lake-backed ServiceMax agrees to merge with SPAC.

The deal is valued at about $1.5 billion and the acquisition will be funded through a combination of Altimar's cash and an $80 million fully committed common stock PIPE at $10 per share.

ServiceMax, as part of the transaction, also agreed to acquire Liquidframeworks for about $145 million from Luminate Capital Partners.

The deal is expected to put EQT Infrastructure V at 50 to 55 percent deployed.

Crosspoint is investing its debut fund, from which it has made four investments. 

Montana co-founders Christian Diller and Marco Wulff will continue to manage the business as co-CEOs. 

Leonard Green mulls sale of MDVIP and Charlesbank invests in symplr.

Luminate will partner with Compliance & Risk CEO Joe Skulski and the team to drive expansion. 

The two will be based in Triago's New York office and complement the firm's 11-person secondaries team.

KPS and Tate & Lyle will each own about 50 percent of a newly created entity that will acquire the operations and interests.