Kester Capital, a UK lower mid-market private equity firm, is to sell its portfolio business, Vixio, a provider of global regulatory intelligence to the payments and gambling markets, to European private equity investor Perwyn.  The sale of Vixio will deliver a return on Kester’s investment of 4.8x and an IRR of over 60%. This represents Kester’s sixth consecutive exit over 3x and comes on the back of the sale of Avania earlier this year which delivered a return of over 8x.   The sale also marks Kester’s first exit from its current fund, Kester Capital II, which closed at its

Tikehau Capital, a global alternative asset manager, has teamed with management to acquire a 100% stake in Isotrol, a developer of proprietary software solutions for the renewable energy sector in Spain.  The investment is being made through the Tikehau Capital’s Energy Transition Strategy. With over €1.0 billion in assets under management, the growth equity strategy targets the development and international expansion of mid-sized companies focused on clean energy generation, low-carbon mobility and energy efficiency.  Founded in 1984, Isotrol has built solutions that enable real-time improvement of the productivity and efficiency of energy generation assets. As of today, Isotrol management systems

Software-focused private investment giant Thoma Bravo is at an advanced stage in negations to acquire Coupa Software Inc in a deal reportedly valued at $8 billion, having outbid rival tech-focused PE firm Vista Equity Partners, according to a report by Bloomberg. 

Venture capital investors Thiel Capital and Shasta Ventures have tabled a bid worth $3 billion to acquire the Phoenix Suns and Mercury NBA and WNBA basketball teams, according to a report by the Wall Street Journal.

Private equity firm New Water Capital has made an additional investment in the flexible intermediate bulk container (FIBC) sector, with the acquisition of Bulk Lift International LLC and Bagwell Supply Ltd. 

Cube Infrastructure Managers has acquired MVV Energie CZ, an operator of district heating networks in Czech Republic, through its Cube Infrastructure Fund III.

Morrison & Co is to to sell five New Zealand infrastructure assets to Amber Infrastructure Group for approximately NZ$200 million (£105 million). Under the agreement, the five assets from Morrison & Co’s Public Infrastructure Partners portfolio will be 100% owned by the Amber-advised, London-listed investment company, International Public Partnerships Limited.