Pacific Avenue Capital Partners, a middle-market private equity firm specialising in carve-outs and complex situations, has closed its acquisition of KiddeFenwal, a designer and manufacturer of industrial and commercial fire suppression systems and safety controls.

IK Partners’ IK VIII Fund has entered into exclusive discussion to sell its stake in Mademoiselle Desserts, a European manufacturer of frozen pastries, to the Emmi Group. Financial terms of the proposed transaction have not been disclosed.

Private equity firm KKR & Co has agreed a deal to acquire Varsity Brands, a US manufacturer of sports uniforms and school yearbooks, from Bain Capital for approximately $4.75bn, including debt, according to a report by Reuters.

Private equity firms have significantly increased their buyouts of British companies, with 95 deals worth a cumulative £13.8bn in the first half of 2024, according to a report by the Times citing industry research.

A number of private equity firms including Bain Capital and Cinven are considering making a bid to acquire Sanofi’s consumer health business unit for around $20bn, according to a report by Bloomberg.

An affiliate of HIG Capital, a global alternative investment firm with $64bn of capital under management, is to acquire CGH Group, a manufacturer of large, engineered storage tanks and tank accessories in EMEA.

European private equity firm Charme Capital Partners will invest in Animalia, a provider of veterinary care services in Italy.

KnowBe4, a security awareness training and simulated phishing platform, has completed the acquisition of cyber security specialist Egress, the portfolio company of private equity firm Albion.