Lovell Minnick Partners, a private equity firm with a 20-plus year track record of partnering with growth-oriented companies, is to acquire a majority stake in Definiti LLC, a retirement services firm that supports more than 8,000 workplace organisations and 10,000 retirement plans across the US. 

GI Partners, a US-based private investment firm focussed on data infrastructure businesses, has acquired Rise Broadband, a provider of broadband services across 16 states in the US. GI Partners will support Rise Broadband’s rollout of fibre-to-the-home services for rural American homes and businesses. Based in Englewood, Colorado, Rise Broadband is one of the largest independent fixed wireless internet service provider in the US, serving primarily rural communities. Jim O’Brien, the Chief Executive Officer, and the current executive team will continue leading Rise Broadband.    Barclays acted as financial advisor to Rise Broadband and Bryan Cave Leighton Paisner acted as legal

Sentinel Capital Partners, a private equity firm that invests in mid-market companies, has sold Apex Companies, a provider of end-to-end environmental consulting and engineering solutions, to Morgan Stanley Capital Partners.  Financial terms of the deal, which will see Sentinel maintain a minority position in the business post-closing, have not been disclosed. Apex serves a large and diverse client base spanning both the public and private sectors and a broad range of end-markets, including energy, industrial, manufacturing, real estate, retail, and telecom.  Sentinel acquired Apex in November 2018 and since then has completed four successful add-on acquisitions. Robert W Baird &

Blackstone is one of a number of private equity firms considering making a bid to acquire Cvent Holding Corp, a US-based provider of software for the events management sector, in a deal that could value the business at up to $4 billion, according to a report by Reuters. News of a potential sale of the firm, which offers a range of products for automating the event management process, pushed the company’s shares 23% higher on 31 January, up roughly 1% in trading.  A deal would see Cvent return to private hands, where it was in 2016, when PE firm Vista

MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired Megatech, a new digital manufacturing platform focused on computerised numerical control machining of highly-complex, highly-precise, low volume engineered parts.

The Riverside Company, a global private equity investor focused on the smaller end of the middle market, has acquired EnAppSys, a data and analytics provider to the European energy market. The investment is an add-on to Riverside’s Montel AS platform, a Norwegian provider of energy and electricity market information.  Founded in 2003 in Middlesbrough, UK, EnAppSys currently serves B2B clients across the energy market, including traders, suppliers, generators, infrastructure businesses and the public sector. The company has a customer base across 12 countries in Europe, plus the USA and UAE,.  Montel, headquartered in Oslo, provides energy and electricity market information

Private equity investment firm Inflexion has agreed to sell its investment in Scott Dunn, a luxury travel operator, to Flight Centre Travel Group, an Australian listed travel agency.