Private equity heavyweights Permira and Warburg Pincus are exploring a potential £2.5bn ($3.36bn) exit from Evelyn Partners, one of the UK’s largest wealth managers, according to a report by Reuters citing three sources familiar with the matter.

Mid-market private equity firm Montagu has agreed to acquire IAI Group from MCI Capital ASI and IAI founders, Paweł Fornalski and Sebastian Mulinski.

HeroDevs, a provider of security and compliance tools for deprecated open source software, has secured a $125m strategic growth investment from PSG. Existing investor Album also participated in the round.

Hypax, the Berlin and London-based investment firm focused on corporate carve-outs and operational improvement, has acquired 3A Composites Mobility and 3A Composites Mobility from Schweiter Technologies, in a carve-out transaction.

Palamon Capital Partners, a pan-European growth investor, has agreed to sell its majority stake in mydentist, to funds managed by Bridgepoint Advisors, marking the conclusion of a transformative partnership with the company’s management team since Palamon’s acquisition of a majority stake in 2021.

K1 Investment Management, a small-cap enterprise software investor, has entered into a definitive agreement to exit its portfolio company Subsplash to Roper Technologies, a member of the S&P 500.

The private equity backers of MasOrange are exploring options to sell their collective 50% stake in the Spanish telecoms joint venture, with an initial valuation target of at least €5bn ($5.9bn), according to a report by Bloomberg citing sources familiar with the matter.

Advent International-backed NIQ Global Intelligence has raised $1.05bn in its US initial public offering, pricing 50 million shares at $21 each – the midpoint of its marketed $20-$24 range, according to a report by Bloomberg.