Private investment firms Bain Capital and MV Credit have agreed a deal to recapitalise Spanish bridal firm Pronovias, acquiring a controlling interest in the business in the process from majority shareholder BC Partners. Financial terms of the transaction have not been revealed. Founded by Alberto Palatchi in 1922, BC Partners acquired Pronovias in 2017, outbidding the KKR, Permira and Carlyle to acquire a 90% stake in the business in a €532 million deal. The new sale and purchase agreement sees the majority ownership of the bridal group transferred to a “consortium of investors” led by its main creditor, Bain Capital,

Private investment firm EQT’s EQT Infrastructure VI fund is to acquire Madison Energy Investments (MEI) from affiliates of Stonepeak Partners LP. With the acquisition of MEI, EQT Infrastructure VI will be 0-5 per cent invested based on its target fund size of €20 billion.

Andra Tech Group, a manufacturer of precision mechanical components, and a portfolio company of private equity firm Equistone, has acquired Mayer Feintechnik, a specialist in precision metalworking for over 50 years.

Private equity firm WestBridge has completed a secondary buyout of Alpine Fire Engineers Ltd, specialist providers of mechanical fire suppression systems. The transaction, which  provides an exit for Soho Square Capital, sees WestBridge invest £18.7m to take a majority stake in the company. 

Sixth Street Partners has led a $2.3bn loan to help fund the private equity firm Advent International’s $6.4 billion leveraged buyout of satellite operator Maxar Technologies which was announced last week, according to a report by the Financial Times. IntelThe report cites unnamed sources as revealing that Advent opted for Sixth Street’s financing package over an alternative loan offered by a group of Wall Street banks. News of the financing comes just days after Sixth Street led a $2.6 billion loan to back software investment giant Thoma Bravo’s acquisition of business software provider Coupa Software for $8 billion. The San

Pan-European private equity house IK Partners’ IK Small Cap II Fund is to sell Quanos Solutions, a developer of software and technology solutions for smart information, to Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments.

Environmental consultancy and service provider Cura Terrae has made a second bolt-on acquisition since UK mid-market private equity investor Palatine made an investment in the group earlier this year.  Ecus, one of three businesses within the Cura Terrae group, has acquired niche environmental consultancy Naturally Wild, which provides expertise for any project that may affect protected species.   Naturally Wild is based in Stockton-on-Tees and will work alongside Ecus’s existing teams in Sheffield, Basingstoke, Birmingham, Barnard Castle, Bristol, Cardiff, Edinburgh, Exeter, and Manchester.    The deal grows Ecus’s team nationally to around 180 people.     

Better Protection, a new commercial fire protection provider servicing fire detection, alarm and suppression systems, backed by private equity firm Abry Partners, has launched following the combination of Chicago-based Assurant Fire Protection, Complete Fire Pump Service, and Xtreme Fire Protection.  Abry is partnering with management to support the company’s organic growth initiatives, and to execute its targeted acquisition strategy.   Matt Palas founded Assurant Fire Protection (AFP) in 2017, and acquired Complete Fire Pump Services (CFPS) in 2020. Palas will continue to be a part of the management team of Better Protection. Xtreme Fire Protection was started in 2008 by