European mid-market private equity firm Inflexion is to sell its investment in ITM, a data services and technology provider for the pensions market, to Lumera, a Sweden-based, private equity-backed insuretech company.

The HgCapital Trust has agreed the sale of European software-as-a-service provider F24 to Altor, a Stockholm-based private equity firm investing across Sweden, Denmark, Finland, Norway and the DACH region.

French private equity firm PAI Partners and Spanish investment firm Inveready have collaborated on a bid for Avatel, Spain’s fifth-largest telecoms company, according to a report by Expansion, citing unidentified market sources.

Current Söderberg & Partners minority shareholders KKR and TA Associates are making an additional €265m (SEK3bn) growth investment in the Nordic financial advisory and insurance and financial products brokerage business via a new share issue.

Swiss private equity firm Partners Group has acquired a majority stake in FairJourney Biologics, a biotech known for its work on antibody treatments for major drugmakers such as Johnson & Johnson, in a deal that values the business at €900m, according to a report by the Financial Times.

Dutch firm Waterland Private Equity has invested in Black & White Engineering, an international provider of mechanical, electrical and public health design and consultancy services. 

Global private equity and credit firm Warwick Capital Partners has acquired a majority stake in Danforth Care Homes from UK care home developer LNT Care Developments. 

Growth capital investor BGF has invested £11.5m in UK leisure and hospitality EPOS solution provider Tevalis. The deal was led by Rob Johnson and James Baker from BGF’s Yorkshire and North East team.   

Texas-based alternative asset manager TPG and global investment group CDPQ have agreed to acquire Aareon, a European SaaS provider for the property industry valued at €3.9bn, from international property specialist Aareal Bank and US private equity firm Advent International.