New State Capital Partners, a middle-market private equity firm that partners with entrepreneurially minded management teams, has acquired Agility Recovery Services. Terms of the transaction were not disclosed. New State initially invested in AFIMAC in August 2022.

Rainier Partners and its portfolio company, SCI Flooring have added  United Carpet to the firm’s flooring platform. United Carpet is a full-service floor covering provider serving customers in the multi-family, commercial, and residential markets.

Ardian has entered into an agreement to acquire a 15% stake in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, infrastructure funds managed and advised by Ardian will acquire 15% while Saudi Arabia’s Public Investment Fund will acquire 10%

Pictet Alternative Advisors, the alternative investment business of Pictet Group, has announced its first investment through its new direct private equity team, acquiring a controlling interest in facilities manager Pareto FM.

ECI Partners, a growth-focused mid-market private equity firm, has invested in ISMS.online, a SaaS Information Security Management System. The deal provides a full realisation for Cow Corner, an investor focussed on UK services and software businesses, following a successful four-year investment partnership.

NVM Private Equity has sold its stake in Reading-based Pareto FM, an ESG-driven provider of technical and facilities services to the built environment, in a deal that achieved a 4.2x return for its investors.

ICP, a portfolio company of lower mid-market private equity firm NorthEdge has completed its first strategic acquisition with a deal to buy Team 6ix, a UK-based Martech and Content Operations consulting firm.