Europe’s buyout industry continued to show appetite to deploy capital through the economic cycle, despite exceptionally challenging market conditions, according to provisional full-year data from CMBOR, the Centre for Private Equity and MBO Research based at Nottingham University Business School and supported by Equistone Partners Europe. The 707 buyouts completed

L Catterton’s Latin America fund has led a $70 million funding round for Razor Group, a global aggregator of e-commerce consumer goods. Other investors participating in the investment round include 468 Capital and Presight Capital.

Private investment firms Bain Capital and MV Credit have agreed a deal to recapitalise Spanish bridal firm Pronovias, acquiring a controlling interest in the business in the process from majority shareholder BC Partners. Financial terms of the transaction have not been revealed. Founded by Alberto Palatchi in 1922, BC Partners

Private investment firm EQT’s EQT Infrastructure VI fund is to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners LP. With the acquisition of MEI, EQT Infrastructure VI will be 0-5 per cent invested based on its target fund size of €20 billion.

Andra Tech Group, a manufacturer of precision mechanical components, and a portfolio company of private equity firm Equistone, has acquired Mayer Feintechnik, a specialist in precision metalworking for over 50 years.

Private equity firm WestBridge has completed a secondary buyout of Alpine Fire Engineers Ltd, specialist providers of mechanical fire suppression systems. The transaction, which  provides an exit for Soho Square Capital, sees WestBridge invest £18.7m to take a majority stake in the company. 

Sixth Street Partners has led a $2.3bn loan to help fund the private equity firm Advent International’s $6.4 billion leveraged buyout of satellite operator Maxar Technologies which was announced last week, according to a report by the Financial Times. IntelThe report cites unnamed sources as revealing that Advent opted for

Pan-European private equity house IK Partners’ IK Small Cap II Fund is to sell Quanos Solutions, a developer of software and technology solutions for smart information, to Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments.