AE Industrial, a private equity firm specialising in national security, aerospace, and industrial services has sold Altus Fire & Life Safety, a provider of regulation-mandated fire and life safety services for the Northeast USA to Apax Partners.

Turnspire Capital Partners has completed the acquisition of Pharmachem Innovations, the former nutraceuticals business of Ashland Inc. Turnspire Operating Partner Maurice Murphy has been appointed Executive Chairman, and Jeff Rogers as Interim CEO.

YFM Equity Partners has backed the management buyout of Stacatruc – a forklift truck specialist with a 40-year pedigree – from private equity investor Merino Capital, which acquired the business in 2021.

Global alternative asset manager Tikehau Capital has competed the sale of its stake in Preligens, a specialist leader in artificial intelligence for aerospace and defencem to Safran for an enterprise value of €220m.

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.