Private Equity Info Blog

Tracking the relationships between private equity firms and advisors

Written by Andy Jones | Private Equity Info | Aug 20, 2025 1:52:32 PM

Private equity firms rely heavily on strong advisor relationships with investment banks and M&A law firms to uncover strategic opportunities and to help get deals done. 

Our data clearly shows the importance of those relationships.

In addition to tracking portfolio acquisitions and exits, Private Equity Info also tracks the investment banks and law firms who advise on these deals. With new data that we launched in 2025, you can now search more than 13,000 transactions to find out which investment banks and which law firms were involved with each deal. 

Below, we highlight sample 2025 transactions where an investment bank has closed multiple deals with the same private equity firm, and where law firms have partnered with private equity, as well.

The repeat engagements demonstrate that deal success is not built on individual transactions but on enduring partnerships. Whether with investment banks uncovering new opportunities, or law firms guiding complex negotiations, trusted advisor relationships remain one of the most powerful drivers of momentum for PE firms.

Investment Banks with Multiple Deals with the Same PE Firm

Clearwater International worked with Palatine PE on 2 transactions: 

1. Portfolio Company: Fulfilmentcrowd

  • Deal Type: Reinvestment 
  • Industry: Cloud-based E-Commerce Fulfilment 

2. Portfolio Company: Atombit 

  • Deal Type: Acquisition 
  • Industry: AI-Driven Experience Intelligence Provider 

 

Houlihan Lokey worked with Acacia Group on 2 transactions: 

1. Portfolio Company: Connor 

  • Deal Type: Acquisition 
  • Industry: IP Audit & Advisory 

2. Portfolio Company: Common Thread Collective 

  • Deal Type: Acquisition 
  • Industry: E-Commerce Strategy and Data Tools

 

Houlihan Lokey worked with TA Associates on 2 transactions: 

1. Portfolio Company: SmartTrade Technologies 

  • Deal Type: Acquisition 
  • Industry: Multi-Asset Trading Platform 

2. Portfolio Company: Brycer 

  • Deal Type: Acquisition 
  • Industry: Compliance Software for Regulatory Bodies
     
METI Corporate Finance worked with Three Hills on 2 transactions: 

1. Portfolio Company: Groupack

  • Deal Type: Acquisition 
  • Industry: Clinical Trial Technology 

2. Portfolio Company: MECH-I-TRONIC 

  • Deal Type: Acquisition 
  • Industry: Warranty and Service Contract Software

Piper Sandler worked with Everberg Capital on 2 transactions: 

1. Portfolio Company: UniVista Insurance 

  • Deal Type: Investment 
  • Industry: Multi-channel Insurance Provider 


2. Portfolio Company: Aligned Fitness Holdings 

  • Deal Type: Investment 
  • Industry: Operator of Club Pilates Studios 

 

Rothschild & Co worked with 65 Equity Partners on 2 transactions: 

1. Portfolio Company: Kee Safety 

  • Deal Type: Minority Investment 
  • Industry: Fall Protection & Safety Systems 

2. Portfolio Company: HAS / Cerbios 

  • Deal Type: Merger 
  • Industry: Global API and Biologics Manufacturing Merger 

 

VDP worked with Down 2 Earth Capital on 2 transactions: 

1. Portfolio Company: Nestor 

  • Deal Type: Acquisition 
  • Industry: Temporary Employment & Staffing for Seniors 

2. Portfolio Company: Ensur Company 

  • Deal Type: Acquisition 
  • Industry: Insurance & Pension Consulting 

 

William Blair & Company worked with Thoma Bravo on 2 transactions: 

1. Portfolio Company: Suvoda 

  • Deal Type: Acquisition 
  • Industry: Clinical Trial Technology

2. Portfolio Company: PCMI 

  • Deal Type: Acquisition 
  • Industry: Warranty and Service Contract Software 

 

Law Firms with Multiple Deals with the Same PE Firm

Willkie Farr & Gallagher advised Insight Partners on 16 transactions: 

1. Portfolio Company: Heron 

  • Deal Type: Series A Funding 
  • Industry: Document Workflow Automation 

2. Portfolio Company: Xelix 

  • Deal Type: Series B Funding 
  • Industry: AP Audit and Fraud Detection 

3. Portfolio Company: CarOnSale 

  • Deal Type: Series C Funding 
  • Industry: Wholesale Used Car Marketplace 

4. Portfolio Company: Asylon 

  • Deal Type: Series B Funding 
  • Industry: Security Systems Services 

5. Portfolio Company: OptoScale

  • Deal Type: Investments 
  • Industry: AI for Fish Farming 

6. Portfolio Company: PhaseV 

  • Deal Type: Series A Funding 
  • Industry: Clinical R&D Software 

7. Portfolio Company: Incident.io 

  • Deal Type: Series B Funding 
  • Industry: Incident Management for Engineering Teams 

8. Portfolio Company: Blooming Health 

  • Deal Type: Series A Funding 
  • Industry: Health Care and Social Assistance 

9. Portfolio Company: Fora 

  • Deal Type: Series B & C Funding 
  • Industry: Travel Arrangement and Reservation Services

10. Portfolio Company: CoverForce 

  • Deal Type: Series A Funding 
  • Industry: InsurTech 

11. Portfolio Company: Proscia 

  • Deal Type: Investments 
  • Industry: Digital Pathology Solutions 

12. Portfolio Company: hallo theo 

  • Deal Type: Investments 
  • Industry: Real Estate Property Managers 

13. Portfolio Company: Azara Healthcare 

  • Deal Type: Investments 
  • Industry: Health Care and Social Assistance 

14. Portfolio Company: VerAI 

  • Deal Type: Series B Funding 
  • Industry: AI-Driven Mineral Asset Discovery 

15. Portfolio Company: Finout 

  • Deal Type: Series C Funding 
  • Industry: IT Financial Operations 

16. Portfolio Company: Onebrief 

  • Deal Type: Series C Funding 
  • Industry: DefenseTech
     
Latham & Watkins advised WestView Capital Partners on 4 transactions: 

1. Portfolio Company: Pharma Link 

  • Deal Type: Growth Investment 
  • Industry: Pharmaceutical Reverse Logistics 

2. Portfolio Company: CaTECH Systems 

  • Deal Type: Growth Investment 
  • Industry: Infrastructure Services Provider 
3. Portfolio Company: EyeQ 
  • Deal Type: Acquisition 
  • Industry: Security Systems Services 

4. Portfolio Company: Hoist 

  • Deal Type: Growth Investment 
  • Industry: Enterprise Software Services
     
Goodwin Procter advised Bregal Sagemount on 3 transactions: 

1. Portfolio Company: Opex Technologies 

  • Deal Type: Acquisitions 
  • Industry: IT & Cloud Strategy Advisory 

2. Portfolio Company: 360 Advanced 

  • Deal Type: Minority Growth Investments 
  • Industry: Cybersecurity & Compliance Consulting 

3. Portfolio Company: MDaudit 

  • Deal Type: Acquisition 
  • Industry: Management Consulting Services 

Kirkland & Ellis advised Bain Capital on 3 transactions: 

1. Portfolio Company: PCI Pharma Services 

  • Deal Type: Investment 
  • Industry: Global CDMO Services 

2. Portfolio Company: Sizzling Platter 

  • Deal Type: Investment 
  • Industry: Restaurant Franchise Platform

3. Portfolio Company: Frontline Road Safety 

  • Deal Type: Acquisition 
  • Industry: Road & Highway Maintenance
     
McDermott Will & Emery advised Gemspring Capital on 3 transactions: 

1. Portfolio Company: Appriss Retail 

  • Deal Type: Acquisitions 
  • Industry: Retail Fraud Prevention Software 

2. Portfolio Company: Creative Labs 

  • Deal Type: Acquisitions 
  • Industry: Haircare & Skincare Manufacturing 

3. Portfolio Company: Sitemetric 

  • Deal Type: Acquisitions 
  • Industry: Workforce Management Solutions
     
Kirkland & Ellis advised Unity Partners on 2 transactions: 

1. Portfolio Company: Byng 

  • Deal Type: Investment 
  • Industry: Building Services & Facilities Management 

2. Portfolio Company: Ampleo 

  • Deal Type: Investment 
  • Industry: Professional Services 

 

Weil Gotshal & Manges advised PSG on 2 transactions: 

1. Portfolio Company: HeroDevs 

  • Deal Type: Growth Investment 
  • Industry: Cybersecurity & Compliance Services 

2. Portfolio Company: Uscreen 

  • Deal Type: Investments 
  • Industry: Digital Content
     
Gibson Dunn advised MidOcean Partners on 2 transactions: 

1. Portfolio Company: Emergency Care Partners 

  • Deal Type: Recapitalization 
  • Industry: Emergency and Other Relief Services 

2. Portfolio Company: Gas Station TV (GSTV) 

  • Deal Type: Investments 
  • Industry: Outdoor Advertising