Hong Kong-based private equity firm PAG is to make an investment of up to $200 million in RK Pharma Inc, a vertically integrated pharmaceutical company based in the US with subsidiaries in India. Terms of the deal have not been disclosed.

Bain Capital Private Equity has acquired Porus Labs, a manufacturer of agricultural and speciality chemicals. Financial terms of the private transaction, which is subject to approval from the relevant authorities, have not been disclosed.

Life insurance company Japan Post Insurance has entered into a new strategic partnership with investment firms KKR & Co, and Global Atlantic Financial Group. Japan Post Insurance will additionally invest in a reinsurance co-investment vehicle sponsored by Global Atlantic.

MidOcean Partners, a New York-based alternative asset manager specialising in middle-market private equity and alternative credit investments, has acquired QualiTech, a family-owned global manufacturer of plant nutrition, animal nutrition and food ingredient products and services. 

Cleantech investor Earth Capital Limited (ECL) has made an investment in Ace Aquatec, an aquaculture technology company which specialises in ‘welfare-first outcomes, with the funds set to be used to grow its current portfolio of products and markets.

Private investment firm Bain Capital has secured the support of the board of Australia’s Estia Health for its improved AUD826.8 million ($552.05m) offer to acquire the later-life care provider, according to a report by Reuters.

M&A in the UK in Q1 2023 was down on the previous quarter, according to the latest figures from the ONS, but RSM UK says the appetite to invest is improving, largely due to economic recovery – albeit slow – and early signs of ‘realignment of expectations’ from sellers.