Turnspire Capital Partners’s portfolio company USG Water Solutions has completed a successful recapitalisation, with the proceeds being used to repay USG’s prior debt, support investment in the company’s diversified service offerings, and fund a cash distribution to shareholders.

St Louis-based Thompson Street Capital Partners has acquired Bubbakoo’s Burritos, a New Jersey-based franchisor of fast-casual Mexican-fusion restaurants as the fast-casual category continues to outperform broader foodservice segments.

Lagfin, the investment holding company of the Garavoglia family and controlling shareholder of global spirits group Davide Campari-Milano, is nearing a deal to acquire a minority stake in consumer-centric private equity house Bluegem Capital Partners, according to a report by Bloomberg citing sources familiar with the matter.

A fund managed by Bayview Asset Management is to acquire all outstanding shares of Guild Holdings Company not already owned by Bayview, in an all-cash transaction valuing the residential mortgage lender at approximately $1.3bn in equity.

Walor North America, part of the FerrAl United Group and ultimately owned by Mutares, has signed an agreement to acquire TSM Corporation, a US-based manufacturer of precision machined components and value-added assemblies, from private equity firm HCI Equity Partners and other minority shareholders.

UK-based private equity firm Star Capital is evaluating a potential initial public offering of Vincorion, a German defence technology business it acquired in 2022, according to a report by Bloomberg citing sources familiar with the matter.

Mark Walter, Co-Founder and CEO of private equity firm Guggenheim Capital, is set to purchase a majority stake in the Los Angeles Lakers in a deal valued at $10bn via his TWG Global investment firm, marking the largest sale of a US sports franchise in history, according to a report by the BBC.