AnaCap Financial Partners has sold a minority stake in portfolio company MRH Trowe, one of the largest owner-managed commercial lines insurance brokers in Germany, to TA Associates. The company’s founders will remain the largest shareholder group post transaction and will be backed by both AnaCap and TA Associates moving forward. 

Lower mid-market private equity firm, NorthEdge, has backed a primary MBO in Cezanne HR, a UK provider of cloud-based human capital management (HCM) software and payroll services.

Private investment firm Bain Capital has made a non-binding buyout offer to acquire Australian senior care provider Estia Health Ltd for AUD775.1 million ($517.77 million), according to a report by Reuters, sending shares in the Sydney-based business to a three-year high.

Oldenburgische Landesbank AG, a German lender backed by private equity firm Apollo Global Management, has but the brakes on plans for an IPO that was expected to happen as early as May of this year, according to a report by Bloomberg.

An affiliate of alternative investment firm HIG Capital has sold Elekeiroz, a specialist in the oxo-alcohols, plasticizers, phthalic & maleic anhydrides and sulfuric acid markets in Brazil, to Latin American speciality chemicals company Oswaldo Cruz Química.

French private equity investment firm Ardian has begun exploring a possible bid to take INWIT, an Italian-based telecoms tower operator, private at a market value of around €11 billion, according to a report by Reuters. Unnamed Reuters sources say that Ardian, which is the INWIT’s second largest shareholder with a

Toshiba Corp’s board has accepted a $15 billion buyout offer from a consortium of investors led by Tokyo-based private equity firm Japan Industrial Partners, according to a report by the Nikkei Business Daily.

The EQT Growth fund has made a €100 million investment in IntegrityNext, a Munich-based sustainability software platform dedicated to enabling supply chain transparency and regulatory compliance. 

Arlington Capital Partners has launched Eqlipse Technologies, a new platform company formed from firms focused on full-spectrum cyber and signals intelligence engineering, digital operations and identity management, and research and development.