Venture capital firm Advent Life Sciences has sold its portfolio company, KaNDy Therapeutics (KaNDy), to Bayer AG for an upfront consideration of USD425 million plus potential milestone payments of up to USD 450 million until launch followed by potential additional triple digit million sales milestones payments.

Astorg is to sell Surfaces Group (Surfaces) to TA Associates. Headquartered in Cenate Sotto, Italy, Surfaces Group is the world leading supplier of abrasive tools and consumables used in the manufacturing process of high-end materials.

Western NIS Enterprise Fund has reached an agreement to sell, alongside other shareholders, its stake in Moldova-based Glass Container Company and Glass Container Prim (GCC) to Vetropack Austria Holding AG, a subsidiary of Vetropack Holding SA.

Private equity fund manager capital D has announced a partial exit from its investment in Invincible Brands.

Gen Cap America (Gen Cap), a private equity firm focused on lower middle market buyouts, has sold Aero Systems Engineering (ASE) to Calspan Technology Holding Corporation (Calspan) headquartered in Buffalo, New York. Terms of the transaction have not been disclosed.

Council Capital, a healthcare-focused private equity firm based in Nashville, and co-investor DW Healthcare Partners, a Toronto-based healthcare-focused private equity firm, have sold their stakes in Caregiver to WindRose Health Investors (WindRose), while retaining a small equity ownership. Terms of the transaction have not been disclosed.
 

Growth Capital Partners (GCP), a UK SME private equity firm that specialises in partnering with owner-managers, has realised its investment in The DMW Group (DMW), a leading independent technology consultancy. DMW is being acquired by Credera, a subsidiary of Omnicom Group.   

Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has completed the sale of Analytical Lab Group (ALG), a microbiology and viral lab, to Element Materials Technology (Element), one of the world’s largest providers of materials and product qualification testing, inspection and certification services to the global aerospace, transportation & industrials, connected technologies, energy, and fire & building products sectors.

Bestport Private Equity (Bestport) has sold Oracle Care & Education Holdings Limited (Oracle).  

An affiliate of middle-market private investment firm Peak Rock Capital (Peak Rock)has sold Hasa to GHK Capital Partners (GHK).