Private equity firms Apogee Global and EiM Capital have agreed to a joint acquisition of the European hydraulics business of US manufacturer Dana Incorporated (formerly Brevini Fluid Power), which they intend to combine with HPI, a French producer of hydraulic components.

Hyperion Equity Partners, a mid-market private equity firm specialising in buy-and-build strategies, has launched Ranger Fire & Security, following its acquisition of two UK fire and security businesses, Ignis Fire Protection and Amerex Fire International.

Lagos-based private equity firm CardinalStone Capital Advisers has sold its stake in i-Fitness Nigeria, a health and wellness business, to $360m West Africa-based private equity firm Verod Capital Management, via its CardinalStone Capital Advisers Growth Fund.

Private equity firms Aquiline Capital Partners and Level Equity have made a majority investment in DocuPhase, a Florida-based provider of accounting and finance process automation software, which is intended to drive organic growth and expand its product suite and vendor payments solution.

Chicago-based private equity firm Kinzie Capital Partners has acquired Arctic Industries, a US manufacturer and distributor of temperature control and cold storage solutions, from Colorado-based private equity firm Stoic Holdings.

New York-based private equity firm Clarion Capital Partners has made a strategic investment in Narrative Strategies, a Washington-based public affairs firm, which will see the agency’s Executive Partners maintain a significant ownership stake and continue to lead operations.

Global private equity firm TA Associates and Five Arrows, the alternative assets arm of Rothschild & Co, have made a strategic growth investment in Agilio Software, a UK frontline healthcare operations software provider, with founding investor August Equity exiting the business with a 9.2x money multiple return.

Omnes Capital, a €6bn Paris-based private equity firm investing across energy transition and innovation, has completed its acquisition of a majority shareholding in EEF Erneuerbare Energien Fabrik, a German developer of energy solutions with locations in Berlin, Hamburg and Wiesbaden.