CBRE Investment Management (CBRE IM) is to take full ownership of Norwegian ferry and express boat operator Norled AS, after agreeing to acquire CapMan Infra’s holding in the business.

Partners Group, a leading global private markets firm, has acquired a controlling stake in Foundation Risk Partners (FRP), a specialist insurance broker in the US, from Warburg Pincus. FRP’s management will maintain a substantial stake in the business while Warburg Pincus will retain a meaningful minority position.  Partners Group will work with management to drive further growth at FRP and expand its presence across the US. Key value creation initiatives will include refining the acquisition strategyand expanding M&A, introducing the product suite in new geographies, investing in technology, and further leveraging the operating model. Partners Group was advised by Morgan

Cairngorm Capital Partners LLP (Cairngorm Capital) has expressed its support of its portfolio company, Sentry Doors Limited’s (Sentry) acquisition of E & S W Knowles & Company Limited (Knowles). This acquisition accelerates Sentry’s growth and confirms its position as the UK’s leader in the timber fire safety and security doorset market. This acquisition adds new products that complement Sentry Doors’ well-established product range, focused on the specialist fire doorset requirements of the social housing, public sector, commercial and residential markets.

Bevi, a smart water coolers company, has partnered in a $70 million Series D investment with Cowen Sustainable Investments (CSI), an environmental sustainability-focused growth investment platform. Bevi machines offer a more affordable and environmentally sustainable alternative to bottled water and flavored seltzer and has helped customers save over 300 million single-use bottles and cans to date.  The $70 million in equity funding will support Bevi’s rapid growth and expansion into new verticals and products.

Align Capital Partners’ (ACP) accounting, tax and valuation advisory firm, WilliamsMarston as acquired Tucson, Arizona-based Oracle Capital (Oracle Capital), a provider of complex valuation consulting services to pre-IPO, public and private equity-backed companies. This is the fifth acquisition WilliamsMarston has completed in the past two years which brings the Firm’s headcount to nearly 200 professionals. Oracle Capital provides complex valuations for intangible assets, impairment of intangible assets, stock options, financial instruments, solvency & fairness opinions and fair value accounting to privately held and public companies in a variety of industries.  Managing Partner, Rob Maxfield, and his entire team joined WilliamsMarston

Gresham House’s Baronsmead VCTs have exited their stake in compliance software business Ideagen following its sale to private equity firm Hg Capital. The deal values Ideagen at £1.1 billion, making it the first Baronsmead VCTs unicorn in pound sterling at the point of exit.   The Baronsmead VCTs’ investment generated a 13.5x return at the point of exit, with Hg Capital’s take-private deal completing in July 2022.   Ideagen is a Software as a Service (SaaS) business focused on helping companies in highly regulated industries – including banking, insurance and healthcare – comply with regulation and manage governance risk. Established

Pembroke VCT has led a £2.5 million investment round in Auddy, a podcast business founded by former Virgin Executive and Virgin Radio International founder, Andrew Craissati. Auddy’s investment, which totalled £1.8 million, was supported by existing investors Haatch Ventures and Brick Capital Ventures.     With over 4,000 podcast shows, 12 million monthly downloads and a historical 11 million downloads in the UK alone, Auddy’s podcasts include popular titles such as Science-ish, Inside the Tour and Smoke Screen.    The investment will help support Auddy to continue its organic growth and further invest in both technology and content. The market for

Vista Equity Partners (Vista), is to acquire Avalara, a provider of tax compliance automation for businesses of all sizes, for $93.50 per share in an all-cash transaction valued at $8.4 billion, inclusive of Avalara’s net debt. The per share purchase price represents a premium of 27% over the Company’s closing share price as of 6 July, 2022, the last trading day prior to media reports regarding a potential transaction. In partnering with Vista, which focuses exclusively on investments in enterprise software, data, and technology-enabled businesses, Avalara will look to build on its successful platform by refining its go-to-market strategy, expanding

TruArc Partners, a private equity firm focused on the middle-market, has acquired Molded Devices, Inc, from PNC Mezzanine Capital and Molded Devices Founder Brian Anderson. Molded Devices provides high-precision, value-added plastic and rubber component manufacturing solutions for medical and non-medical applications. Molded Devices’ core manufacturing capabilities include injection molding, tube extrusion, blow moulding, dip moulding, and dip coating. The company also provides a range of value-added services including clean room assembly for advanced medical device production, product design and development, and engineering and tooling support – offering a full-suite of solutions to its customer base. Jack Slinger will continue in

One Equity Partners (OEP), a middle market private equity firm, is to sell the Power Generation business of BRUSH Group (BRUSH) to energy technology company Baker Hughes.