Hg, the manager of HgCapital Trust (HGT), has agreed the partial sale of its investment in TeamSystem, a provider of business software solutions to businesses and accountants in Italy and Spain, to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and CapitalG, Alphabet’s independent growth fund. 

Global investment firm Carlyle has agreed to sell Assala Energy (Assala), an upstream oil exploration and production company operating in Gabon, to Etablissements Maurel & Prom SA (M&P), an oil and gas exploration and production company listed on Euronext.

Chicago-based private investment firm Granite Creek Capital Partners, has made a new platform investment in Salem One, a provider of corporate communication solutions, including direct marketing, packaging, and logistics services. 

An affiliate of Sun Capital Partners, a private investment firm focused on the business services, consumer, healthcare, industrial, and technology sectors, is to acquire Koch Separation Solutions (KSS) from Koch Engineered Solutions, a subsidiary of Koch Industries.

SoftBank Group Corp is in talks to acquire the 25% stake in chip designer Arm it does not already directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, according to a report by Reuters.

Private equity firms are positioning to capitalise on the National Health Service’s long waiting lists and other operational challenges by acquiring numerous UK healthcare companies over the past two years, according to a report by the Financial Times.

Over 80% US investment banks and private equity firms are expecting a rebound in deal activity over the next 12 months, according to a survey by international management consultancy CIL for its Mid-Market M&A Pulse Check 2023.

Agilitas Private Equity (Agilitas), a pan-European mid-market private equity firm, is to sell Denmark-based environmental services specialist the Reconor Group (Reconor) to a fund advised by Basalt Infrastructure Partners LLP (Basalt).

Mid-market buyout firm Novacap has acquired Cadent, a provider of platform-based converged TV advertising solutions and one of the largest independent platforms for unified audience-targeting across connected television, traditional TV, and digital advertising.