A group led by Rock Mountain Capital and The Olayan Group has acquired a 48 per cent stake in PurposeBuilt Brands from Carlyle group.

Trans-Atlantic private equity healthcare specialist ArchiMed has sold health ingredients developer Fytexia to diversified food, ingredients and retail group, Associated British Foods, a FTSE 100 company.

Outdoor Living Supply (OLS), a distribution platform for outdoor living products with a focus on hardscapes, has acquired Woodward Landscape Supply (Woodward), an independent distributor of hardscaping materials, natural stone and other outdoor living products and accessories.

Austrian hydration company waterdrop has raised EUR60 million (USD70 Million) in a Series B funding round led by Singapore-headquartered global investment firm Temasek.

Par Equity, a venture capital firm based in Edinburgh has led GBP2.5m funding round in Verlum, the provider of a suite of products and services across the underwater, offshore and onshore sectors, helping clients to reduce carbon footprint and decarbonise operations.

Palatine-backed Construction Testing Solutions (CTS), a provider of construction consulting and testing services, has made its first acquisition of 2022 and its sixth since investment in 2018 with the purchase of Mason Evans, a specialist geo-environmental consultancy based in Glasgow.

An affiliate of Paceline Equity Partners (Paceline), a Dallas-based private equity manager, has closed the acquisition of AHF Products (AHF), a North American hard surface flooring manufacturer.

Global independent marketing services group, The Miroma Group has completed the acquisition of Miroma SET, a sports, entertainment, and technology marketing company.

LoveCrafts – a global community and commerce destination for crafters – has acquired knitting and crochet site, Deramores.

BigHand, a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired Iridium Technology (Iridium) from Polaris Growth Fund.