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.

Bridge Growth Partners, LLC, a private equity firm focused on investments in the technology and technology-enabled services sectors, is to sell Accedian, a specialist in performance analytics and end-user experience solutions, to Cisco. Financial terms of the transaction have not been disclosed.

CVC Capital Partners Fund III and Patria Investments Private Equity Fund VII are to acquire Delly’s, a food service distribution company in Brazil, from Patria’s fifth private equity investment vehicle (Fund V).

L Catterton, a global consumer-focused private investment firm, has invested around $60 million in Drools Pet Food Private Limited, a local pet food company based in India. L Catterton has a longstanding track record of growing pet food businesses across the world.

Stirling Square Capital Partners, a pan-European mid-market private equity firm, has acquired a majority stake in Infobric, a provider of software solutions for the European construction industry, from Summa Equity, a purpose-driven thematic investment firm. 

Apex Group has supported Pricoa Private Capital’s provision of senior capital to Real Betis Balompié for the refinancing of the Spanish La Liga football club. Pricoa is part of PGIM, the principal asset management business of Prudential Financial, Inc.