An affiliate of $56 billion alternative investment firm HIG Capital (HIG), has acquired CLC Group Limited (CLC), a UK provider of property and asset refurbishment, from its owner, the Armitage Family Trust. 

Private equity firm Thompson Street Capital Partners’s portfolio company BCM One has acquired Pure IP, a global provider of cloud-based voice services via Microsoft Teams, Cisco, Webex and Zoom, the platform’s ninth add-on deal. 

Private equity-backed “take-private” deals for UK listed companies have beaten last year’s total, from 12 deals in 2021/22 to 13 in 2022/23, as funds continue to be attracted by the lower valuations on UK companies, according to data from International law firm Mayer Brown.

Odoo SA, a provider of open-source integrated business software applications for small and medium-sized enterprises, has secured a strategic investment of approximately €150 million from global growth equity firm General Atlantic

AC Milan owner RedBird Capital Partners is teaming up with Hollywood actor Ryan Reynolds and other investors to acquire a 24% stake in the Alpine Formula One racing team, in a deal that values the Renault-backed group at $900 million, according to a report by The Financial Times.

Private investment firm Bain Capital has launched a joint-venture with Spanish real estate investment and development company Conren Tramway to co-invest over €600 million into the acquisition and development of logistics facilities in Spain and Portugal over the next five years.

French Media Group Vivendi believes KKR’s offer of around €22.5 billion to acquire Telecom Italia’s (TIM) landline network significantly undervalues the business and any sale of the network would be a strategic mistake, according to a report by the Financial Times.