Platinum Equity Advisors, a US-based private equity form focussed on leveraged buyout investments of established companies in the US, Europe and Asia is to acquire aircraft landing gear specialist Héroux-Devtek Inc for $1.35bn, according to a report by Canadian Press.

The UK has overtaken India as the third largest venture capital market in the world, now accounting for 6% of global investment as UK companies raised £72bn between 2021 and 2023, according to the British Business Bank’s annual Small Business Equity Tracker.

Global mergers and acquisitions activity has maintained the positive momentum achieved at the start of 2024, with deals completed during the second quarter improving upon the same period last year, according to research from WTW’s Quarterly Deal Performance Monitor.

European private equity firm Exponent will invest in Kingsbridge Healthcare Group, a private healthcare provider in Northern Ireland and the Republic of Ireland.

Global alternative asset manager Tikehau Capital’s private equity decarbonisation strategy is to make a majority investment in CEBAT, an Italian utility infrastructure service provider and portfolio company of funds managed by Oaktree Capital Management.

European mid-market private equity firm Inflexion is to sell its investment in Lintbells, a specialist in pet supplements which are sold under the YuMOVE brand name, to to Vetnique Labs, a portfolio company of Gryphon Investors.

Software focussed private equity firm Vista Equity Partners has lead d strategic majority growth investment in Nasuni, an enterprise data platform for modern hybrid cloud environments, which values the business at approximately $1.2bn.

London-based private equity firm Agathos Management has completed a majority investment in Lexxic, a provider of neurodiversity assessment services and accreditation to organisations in the UK.

German special situations private equity firm Mutares has acquired Hirschvogel Incorporated, a US steel forging and machining components supplier to Ford, Metallus and Dana, in the firm’s ninth acquisition this year and its first US deal.