Audax Private Equity, a private investment firm focused on North American middle market companies, has acquired specialist distribution platform Krayden, Inc from private equity firm Quad-C Management. 

Quadrivio Group’s Industry 4.0 fund, a private equity vehicle investing in digital transition and technological innovation for Italian SMEs, is to sell EPI, an Italian company that specialises in the sale of sports merchandise for Serie A football clubs, to Fanatics, a global specialist in licensed sports merchandise with operations in over 60 countries. The sale of EPI, which the Quadrivio Group acquired in November 2020, marks the first exit for Industry 4.0 Fund. During Quadrivio’s two and a half years of ownership,  the company has significantly increased its sales by about 125% and more than doubled its profitability. EPI

Ethos Capital has acquired Newforma, a collaboration platform aimed at helping companies deliver complex architectural, engineering, and construction projects more efficiently and cost-effectively.

US private investment giant Blackstone is hoping to agree a £700 million deal to acquire British commercial property company Industrials Reit after offering to pay shareholders a 42% premium to Friday’s closing price to take the company private, according to a report by the Financial Times. The board of Industrials Reit, which has a seven million sq ft portfolio of UK industrial and warehouse space, has said it will recommend Blackstone’s offer and is “working closely” with the investment firm “to complete as soon as is practicable”. The offer price of 168p a share is equivalent to the company’s share

Cerberus Capital Management, a private equity firm specialising in distressed investing with around $55 billion under management, has completed the sale of Worldwide Flight Services (WFS) to SATS for an enterprise value of €2.25 billion. Cerberus acquired WFS in 2018 for an enterprise value of €1.2 billion. Since then, WFS has through organic growth and multiple add-on acquisitions, strategically expanded its global network and presence in key cargo hubs, and further developed its speciality handling segments for e-commerce and pharmaceuticals. The Company successfully drove its initiatives and significant growth through the Covid-19 pandemic, which had an unprecedented impact on the

Investment funds managed by Morgan Stanley Capital Partners, the middle-market focused private equity team at Morgan Stanley Investment Management, is to sell Ovation Fertility to US Fertility. Financial terms of the transaction have not been disclosed.

Ancala Partners has acquired a majority interest in Noventa Energy Partners, a global renewable energy company which provides a full suite of services to decarbonise the heating and cooling of buildings, for an undisclosed amount. 

BC Partners is to acquire a majority stake in Metropolitan College and AKMI IEK, a provider of post-secondary education in Greece, in partnership with founders Konstantinos and Kalliopi Rodopoulos, who remain shareholders and will continue to support the business.