IK Partners’s IK Partnership II Fund has acquired a minority stake in A-SAFE, a UK designer, manufacturer and distributor of industrial polymer safety barrier systems, from the company’s management team, led by Co-CEOs James and Luke Smith. 

Manchester-based private equity firm Palatine has exited specialist fleet solutions provider NRG Riverside via a sale of the business, following significant investment in its people and operations, to Astatine Investment Partners, a specialist PE investor focused on infrastructure investments.

Private equity firm PAI Partners has agreed to acquire a majority stake in Audiotonix, a UK designer and manufacturer of professional audio mixing consoles and equipment, from Ardian, who will retain a minority stake alongside management.