Pennsylvania-based lower middle market-focused private equity firm NewSpring has invested in US hotel renovation business Salisbury Moore via its private credit strategy, NewSpring Mezzanine.

International private equity firm Cinven has entered into exclusive negotiations to acquire the Finaxy group, a French multi-specialist insurance broker, from $168bn global private investment house Ardian.

Private equity giant Blackstone has acquired an 80% stake in a European warehouse portfolio managed by Burstone, marking the latest move by the US investment manager into the booming warehouse sector fuelled by the rise of e-commerce, according to a report by Reuters.

Pan-European private equity investor Oakley Capital’s Oakley Capital Fund IV has agreed to sell its majority stake in maritime sector software provider Ocean Technologies Group (OTG) to Lloyd’s Register, a global professional services group specialising in marine engineering and technology.

Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, has sold its strategic stake in Egypt-listed Middle East Glass (MEG) to the majority shareholder of the business, MENA Glass Holdings Limited.

Platinum Equity has acquired a controlling stake in Inventia Healthcare Limited’s core Oral Solid Dosage business from India Life Sciences Fund III, NYLIM Jacob Ballas India Fund III, and affiliates of the company’s founding Shah family.

Phoenix Equity Partners, a UK private equity firm specialising in working alongside founder-entrepreneurs, has made a growth investment in UK cybersecurity specialist Cybanetix, marking the fifth investment from the firm’s 2022 Fund.

Miami-based lower middle-market investor ICV Partners has sold its portfolio company and global maritime logistics provider Horizon Air Freight to Connecticut-based private equity firm GHK Capital Partners, having first acquired Horizon in 2019.