Funds advised by Apax Partners and Fremman Capital are to jointly acquire co-controlling stakes in Palex Medical, from funds advised by current majority shareholder Fremman, and other minority shareholders in a deal that values the business at around €1bn.

OAG, the provider of a data platform for the global travel industry, has acquired Infare, a provider of competitor air travel data, from private equity firm Ventiga Capital in a deal valuing the combined entity at over $500m. 

Epiris, via Epiris Fund III, is to acquire Pure Cremation, a provider of prepaid funeral plans in the UK. The deal, Fund III’s third investment, is subject to regulatory approval and is expected to complete before the end of this year. Financial terms have not been disclosed.

Palamon Capital Partners, a pan-European private equity firm based in London, has completed the sale of 24 ORE Business School to Digit’Ed, an Italian managerial training hub owned by Nextalia Private Equity Fund. 

Global investment firm Carlyle has agreed to acquire Evolution Funding (Evolution), one of the UK’s largest used car finance platforms, investing alongside Evolution’s founders and existing investor LDC. The terms of the transaction have not been disclosed.

Los Angeles-based private equity firm Levine Leichtman Capital Partners has sold its portfolio company SK AeroSafety to Bridgepoint, a global private equity firm. Financial terms of the transaction have not been disclosed.

Pan-European mid-market private equity firm Agilitas has completed the sale of Hydro International, a provider of technological solutions for the control, storage and quality management of wastewater, stormwater and industrial process water, to Oldcastle Infrastructure. 

Private investor Rcapital, has completed its second carve out deal of 2023 with the acquisition of Temple Lifts from Hitachi. Temple, which has over 35 years’ experience in the lift maintenance sector, was acquired by Hitachi in 2017.

TPG is to acquire Nextech, a provider of clinical and administrative healthcare technology solutions for specialty physician practices, from Thomas H Lee Partners for $1.4 billion. TPG is investing in Nextech through TPG Capital, its US and European late-stage private equity platform.