The Investment Management Corporation of Ontario (IMCO) is investing $400 million in Northvolt AB, an integrated battery platform focused on the R&D, manufacturing, and recycling of sustainable battery cells and systems, from its Fundamental Equities and Global Infrastructure strategies.

Sullivan Street Partners, a UK-based mid-market private equity investor, has supported the bolt-on acquisition of Greenfingers Landscape Ltd by its portfolio company Tivoli Group. The company, which has an annual turnover of £5.5m, adds to Tivoli’s existing £65m in revenues. 

Palatine has made the second investment from its Impact Fund II by investing in waste management and recycling services specialist Roydon Recycling, which is being carved out of the Roydon Group with current CEO, Paul Hodgkiss, continuing to lead the company.  

Nordic Capital is to acquire a majority share in Foxway, a European provider of circular IT services from Norvestor, which will retain a minority interest in the business along with the company’s senior management team.

An affiliate of funds managed by Blackstone has completed the acquisition of Cvent Holding Corp, a meetings, events and hospitality technology provider, for $8.50 per share in cash, representing a total enterprise value of approximately $4.6 billion.

Bain Capital Private Equity has made an all-cash offer to to take Swiss software management company SoftwareOne private, valuing the business at 2.9 billion Swiss francs ($3.21 billion), according to a report by Reuters. SoftwareOne’s board has reportedly responded by saying that the offer “materially undervalues” the company and is

PAI Partners (PAI) has made a binding offer to acquire a majority stake in the ECF Group (ECF), a business-to-business distributor of equipment and consumables for hospitality and care professionals, from French private equity firm Naxicap Partners (Naxicap).  Under the proposed deal, Naxicap will remain a minority shareholder in the

European private equity investor Perwyn has acquired Monaco-based Cruiseline, a specialist in the online sale of cruises in the Mediterranean, North Sea, Latin America, and the Caribbean, in partnership with the company’s management team, which has been led by Pierre Pelissier since 2012. With nearly €200 million in annual revenues,

Parabellum Investments, a private equity firm founded by international growth investor Rami Cassis, has acquired  Vantage Consulting Group, a US-based manufacturing automation firm specialising in the pharmaceutical and food industries. The deal significantly expands Parabellum’s existing portfolio company advanco making it one of the world’s largest independent pharmaceutical serialisation solutions