Ardian has entered into an agreement to acquire a 15% stake in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, infrastructure funds managed and advised by Ardian will acquire 15% while Saudi Arabia’s Public Investment Fund will acquire 10% of TopCo concurrently from Ferrovial through separate vehicles

Pictet Alternative Advisors, the alternative investment business of Pictet Group, has announced its first investment through its new direct private equity team, acquiring a controlling interest in facilities manager Pareto FM.

ECI Partners, a growth-focused mid-market private equity firm, has invested in ISMS.online, a SaaS Information Security Management System. The deal provides a full realisation for Cow Corner, an investor focussed on UK services and software businesses, following a successful four-year investment partnership.

NVM Private Equity has sold its stake in Reading-based Pareto FM, an ESG-driven provider of technical and facilities services to the built environment, in a deal that achieved a 4.2x return for its investors.

ICP, a portfolio company of lower mid-market private equity firm NorthEdge has completed its first strategic acquisition with a deal to buy Team 6ix, a UK-based Martech and Content Operations consulting firm.

European private equity firm Astorg, is to acquire a 51% stake in Sofico, a provider of software solutions & services for the automotive leasing and mobility industry, with company founders Gémar Hompes and Piet Maes and investor Apheon, all significantly reinvesting in the business.

Global private equity firm OpenGate Capital is to acquire Canadian entertainment and media company Cineplex’s Player One Amusement Group division for a total transaction value of CAD155m, subject to certain closing adjustments, with the deal expected to close in early 2024.