Private investment firm Arlington Capital Partners has completed its sale of J&J Worldwide Services, a provider of engineering services, base support operations and facilities maintenance for the US federal government to CBRE in a deal worth up to $1.05bn.

Mill Point Capital, a private equity firm focused on control investments in North American mid-market companies across the business services, industrials and IT services sectors, has sold Prime Pensions, a US provider of retirement plan compliance and administration services.

New York-based private equity firm New Mountain Capital has made an offer to acquire roughly two-thirds of shares it does not already own in R1 RCM, a provider of healthcare sector revenue cycle management services, in a take-private deal valued at $5.8bn, according to a report by Stat citing regulatory

Global buyout major KKR is closing in on a deal to acquire Broadcom’s VMware end user compute (EUC) business for around $3.8bn, following Broadcom’s $69bn purchase of VMWare last year, according to a report from Reuters.

Dallas-based private equity firm CenterOak Partners has sold SurfacePrep, a global distributor of surface enhancement solutions, to Rhode Island-based middle-market private equity firm Nautic Partners, marking CenterOak’s second exit in 2024 following that of CollisionRight last month.

Phoenix Equity Partners, a growth-focused private equity firm, has sold Global Freight Solutions, an enterprise carrier management company, to e-commerce fulfilment specialist International Logistics Group, part of the Yusen Logistics/NYK group of companies.

Redwheel, an independent investment manager specialising in active equities and convertible bonds, has partnered with Turquoise, a UK financial advisor and investor in climate technologies, to launch a growth-stage UK climate tech venture fund.

Los Angeles-based private equity firm Levine Leichtman Capital Partners has acquired USA Water, a Texas-based provider of operations and maintenance services for water and wastewater systems, from Florida-based private equity firm Warren Equity Partners.

Investment bank and financial advisory firm Brown Gibbons Lang & Company has sold Crest Foods, a portfolio company and food manufacturer, to Harwood Private Equity, an investor in lower middle market companies across food and beverage, life sciences, precision manufacturing, media and healthcare services.