Ardian’s North America Fund team has acquired a majority stake in Tom Barrow Company, a provider of commercial HVAC solutions in the US Southeast. The management team and founding family will continue to own a meaningful minority share of the business.

Funds managed by affiliates of Apollo are to make a structured equity investment in Intermodal Tank Transport, a global provider of ISO tank transportation logistics and depot services for bulk-liquid chemical and food-grade products. 

Foresight Group has successfully exited its investment in WeTrack Software Limited, realising a 2.8x return through a sale to Momentus Technologies, a specialist in venue and event management software headquartered in the US. 

VSS Capital Partners, a private investment firm investing in the healthcare, education, and business services industries, has made a growth capital investment in Olympus Cosmetic Group, a newly formed platform providing comprehensive cosmetic surgery, dermatological treatments and non-surgical cosmetic procedures. 

Funds managed by Blackstone Tactical Opportunities have acquired a majority stake in New Tradition Media, an ‘out-of-home media operator’ of digital and static signage for national brands and advertising agencies across the US.

EQT Mid Market Europe and EQT Mid Market Asia III funds, together with co-shareholders, have agreed to sell BBS Automation (BBS), a specialist in factory automation solutions to MDAX-listed Dürr Group.

Global private equity firm Levine Leichtman Capital Partners is investing in cleversoft Group, a pan-European provider of regulatory software solutions to the financial services industry in partnership with founder Florian Clever and the firm’s management team. 

Grovecourt Capital Partners, a Florida-based private equity firm, has acquired Premier Radiology Services (Premier), a provider of teleradiology services based in Miami. Financial terms of the transaction have not been disclosed.

UK mid-market private equity investor Livingbridge has made a full exit from its investment in Direct Ferries. Livingbrdge first invested in the online ferry ticketing business in 2016 via its 2012 vintage Livingbridge 5 fund.