Business combination · Activity not yet classified
HUB Enterprises and Ethos Risk Services
Transaction overview
Announced
Exact closing date not established.
On August 5, 2021, Carousel Capital reported that it had invested in HUB Enterprises and that HUB was to be combined with Ethos Risk Services, an existing portfolio company of its fifth fund. The source did not specify the investment instrument or ownership percentage and did not establish that the combination had closed. Carousel Capital Management Company, L.P. is attributed in a sponsor-manager role through the identified fifth-fund platform and affiliated general partner.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- HUB Enterprises and Ethos Risk Services Join Forces ↗
Carousel Capital · Published Aug 5, 2021
Reports the investment in HUB and intended combination with Ethos, identified as a fifth-fund portfolio company. It does not specify the investment instrument, percentage or a completed combination.
- Carousel Capital Management Company, L.P. Form ADV, May 8, 2026 ↗
SEC Investment Adviser Public Disclosure · Published May 8, 2026
The private-fund section lists Carousel Capital Partners IV, V and VI and their general partners. Page 65 states that the registrant and affiliated general partners file a single Form ADV. This supports limited sponsor-manager identity, not direct balance-sheet ownership or an exact historical closing date.