Good day! Tomorrow is Thanksgiving here in the U.S. and I am feeling especially grateful for bakeries with ready-made pies. 

In this morning’s news, Alexander Gladstone of WSJ Pro Bankruptcy has news that Dayton Superior Corp., a concrete producer backed by Oaktree Capital Management, is nearing a restructuring deal that would convert the company’s $210 million term loan into equity, according to people familiar with effort.

Meanwhile, some of the private-equity industry’s most successful women share some of their best career advice for those starting out in the industry. And Silver Lake's latest deal, investing $500 million in an owner of soccer clubs, is pretty far outside of its core focus on technology.

One final note: WSJ Pro Private Equity won't publish a newsletter on Thursday or Friday in observance of the Thanksgiving holiday. We will resume publication on Monday. Happy Thanksgiving!

Dayton Superior Corp. is closing in on an out-of-court restructuring deal that will slash its debt as the concrete maker struggles from pricing pressure in the construction materials sector, Alexander Gladstone writes for WSJ Pro Bankruptcy, citing people familiar with the matter. As part of the transaction, the Oaktree Capital Management LP-owned company’s $210 million term loan would be converted into equity, the people said.

U.S. private-equity firm Silver Lake has invested $500 million in City Football Group, the owner of soccer teams Manchester City FC and New York City FC, in a deal that values the company at $4.8 billion. City Football Group said Wednesday that Silver Lake is taking a stake of just over 10% and will take up a seat on its board.

Although women remain underrepresented in the senior ranks of the private-equity and venture-capital industries, they continue to make incremental strides in narrowing the gender gap in the asset classes’ upper echelons. We reached out to senior women from nearly every corner of both sectors to solicit their best career-building advice.

Canadian private-equity manager Clairvest Group and Quebec provincial pension fund Caisse de dépôt et placement du Québec have led an investment of 100 million Canadian dollars ($75 million) in Top Aces Inc. The Dorval, Quebec-based company provides combat fighter-pilot training for military organizations and plans to use the financing to update its fleet of warplanes.

Midmarket firm Pfingsten said it has backed San Diego-based Advanced Lighting Concepts LLC, which does business as Environmental Lights. The Chicago-based company designs and offers commercial accent LED lighting. The investment is the firm's 10th platform deal out of its fifth fund, which closed with $382 million in 2016, according to a news release. 

Jordan Co. has acquired the Polymer Additives division of Arsenal Capital Partners portfolio company Polymer Solutions Group. The Cleveland-based business provides materials used in manufacturing rubber, plastic and engineered wood products from five manufacturing sites.

Cinven has acquired a stake in Barentz, a Dutch specialty ingredients distributor, Elisângela Mendonça reports for WSJ Pro affiliate Private Equity News. Cinven aims to grow the business in particular "through buy and build acquisitions given the highly fragmented market in which the company operates," according to a person close to the firm. Barentz has operations in more than 60 countries and employs around 1,100 people world-wide serving more than 15,000 customers.

Kensington Capital Partners has acquired the surgical division of Centric Health Corp. through its Kensington Private Equity Fund. The Canadian surgical business will be wholly owned by a newly formed entity called Clearpoint Health Network Inc.

Harbour Group has acquired SpotSee Holdings, a Dallas-based maker of environmental-condition monitoring products. Harbour Group, based in St. Louis, said it intends to invest in SpotSee’s new product development, new markets and complementary acquisitions.

Our new add-on deal interactive tool allows you to sort and analyze volumes of add-on deal data compiled by WSJ Pro. View more.

Valor Equity Partners is targeting $1.25 billion for its latest growth-equity fund, Valor Equity Partners V LP and its parallel vehicles, according to a filing with the Securities and Exchange Commission. The new fund’s target is only slightly higher than the $1.05 billion that the firm raised for Valor Equity Partners IV LP, which closed last year.

Philadelphia-based midmarket buyout firm Graham Partners has raised at least $645 million so far for its latest fund, Graham Partners V LP and related vehicles, according to regulatory filings. Graham Partners typically invests in North American companies with between $5 million and $50 million of earnings before interest, taxes, depreciation and amortization, according to the firm’s website.

Colony Capital’s Tom Barrack, a longtime supporter of President Donald Trump, is facing fresh calls to step aside from activist investor firm Blackwells Capital, founded by Jason Aintabi, its chief investment officer. In a securities filing Tuesday, Blackwells refers to Mr. Barrack as “ineffective” and “distracted” and claims his leadership as executive chairman and chief executive has led to a loss of $6 billion for the Los Angeles-based firm's shareholders. Blackwells also faulted the firm’s board and said it would nominate five people to replace current board members at the firm’s next annual meeting. Colony issued a response defending its recent moves to refocus the company on digital infrastructure. Colony added that the Blackwells filing contained “a number of factual inaccuracies” that it would take up later.

Zoom Information Inc., a unit of TA Associates-backed DiscoverOrg, has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering, Dow Jones Newswires reports. The Waltham, Mass., company operates as ZoomInfo and provides data to businesses. It said the number of shares to be offered and the expected price range haven't been determined.

Mexican business groups have identified 147 infrastructure projects in which they expect to invest some $44 billion over the next five years—around half of that in 2020. Intended to spur growth, the projects include roads, railways, ports, airports, water services, tourism and telecommunications, while those involving the energy and health sectors are being planned separately, The Wall Street Journal's Anthony Harrup reports.

Cobham PLC, which has accepted a roughly £4 billion ($5.14 billion) buyout offer from Advent International, said one of its key investors, Silchester International Investors LLP, had reduced its shareholding to 9.99% from 10.9%, Adriano Marchese reports for Dow Jones Newswires. In late July, Silchester raised concerns about the terms of the Advent deal, which would give shareholders 165 pence in cash for each share in the defense and aerospace company. The proposed transaction remains under government review.

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