US private equity firms stepped up their acquisitions of UK businesses by 35% last year, from 134 acquisitions in 2021/22, to 181 in 2022/23, according to new research released by  international law firm, Mayer Brown. UK company valuations had already been relatively depressed in comparison to other European nations, following

Sullivan Street Partners, a UK-based mid-market private equity investor, is to acquire diagnostic services business Tracerco, alongside longstanding Sullivan Street investor, Scottish family office Souter Investments, from London Stock Exchange-listed firm Johnson Matthey for c£55 million.  The deal is expected to complete in the second half of 2023.    Tracerco

Global infrastructure investment manager I Squared Capital, through its ISQ Global Infrastructure Fund III, is to acquire Rentco, a leading transport equipment leasing company in Australia providing flexible equipment rental options.  I Squared has committed a further AUD300 million to promote Rentco’s growth across the country and pursue new trailer

Apiary Capital has completed a significant investment in First Intuition, a specialist provider of accountancy training to around 5,000 learners via centres in London, Birmingham, Manchester, and through online and hybrid courses.  The investment will support First Intuition’s management team to grow the company’s apprenticeship and commercial training streams, continue

2023 is on track to be the worst year for US private equity and venture capital investments in mainland China for at least five years following a dramatic fall in deals in the first quarter of the year, according to a report by S&P Global. Aggregate deal value in the

International private equity firm Cinven is to acquire a majority stake in Amara NZero, an energy transition player focused on decarbonisation, electrification, energy efficiency and digitalisation from ProA Capital. Financial terms of the transaction have not been disclosed. Headquartered in Madrid, Amara NZero is a B2B distributor of products and

Livingbridge, a UK-based mid-market private equity investment firm, has completed a minority investment in T-Pro, a specialist in clinical document workflow software solutions founded in 2012 and headquartered in Dublin.

Global private equity firm TA Associates is to make a strategic growth investment in Diatech Pharmacogenetics (Diatech), a specialist in pharmacogenetics and cancer precision medicine diagnostics. 

Tripleseat, an event managements software and integrated payments solution for the hospitality industry, has secured a strategic growth investment from General Atlantic, a global growth equity firm. 

Vista Equity Partners, a private investment firm focused on investment in enterprise software, data and technology-enabled organisations, has sold its majority stake in Fusion Risk Management, a provider of cloud-based operational resilience, business continuity, and risk management software and services, to growth-oriented private equity firm Great Hill Parters. Financial terms