Knox Lane, a growth-oriented investment firm focused on partnering with businesses in the consumer and services sectors, is to invest in Elevation Labs (the “Company”), a formulator and manufacturer of premium beauty products. Terms of the transaction have not been disclosed. Varagon, a private credit manager specialising in directly-originated loans to US middle market companies, served as Administrative Agent, Joint Lead Arranger, and Bookrunner on debt financing to support the investment. In partnership with Knox Lane, Elevation Labs will seek to grow its capacity, capabilities, and team in support of both existing and new brand partners, while continuing to build

Inflexion has led the buyout of SteriPack Group Ltd (SteriPack), a global contract manufacturer serving the medical device, pharmaceutical and diagnostic markets.

Baserow, an open-source startup building a collaborative no-code database platform, announced it had raised €5 million at its seed round to launch its paid premium and enterprise versions in Q3 2022 and build what is the world’s first open-source, all-in-one, no-code toolchain. The platform enables non-technical teams to capture and organise data to trigger intelligent business insights and automate processes.  Amsterdam-based early stage investor Inkef led the round while firstminute capital, Seedcamp and Frontline also participated, along with several angel investors including Job van der Voort from Remote, Martin Henk from Pipedrive and Shannon Williams from Rancher Labs.

Barings and Partners Group, acting on behalf of their respective clients, have acted as the lenders on secured credit facilities backing Arcline Investment Management’s investment in CoreDux, a specialised manufacturer of ultra-high purity flexible gas and fluid conveyance components and sub-systems. Arcline’s investment adds to the firm’s expertise backing innovative businesses in the flow control and semiconductor sectors.  CoreDux’s mission-critical components and systems are used in the most demanding high-tech applications including next-generation semiconductor equipment, aerospace sub-systems, and applications supporting the green energy transition, among others. With this investment, Arcline will seek to continue the strong momentum of CoreDux in

Bain Capital is set to complete its €1.7 billion acquisition of ITP Aero from Rolls-Royce within the next few weeks according to a report by Private Equity Insights. The deal for the Spanish engineering business, which produces the engines for the Eurofighter Typhoon fighter jet, was originally expected to complete last Thursday, but was held up due to a delay in securing clearance from Spanish regulators. The report quotes unnamed City sources as saying that officials in Madrid  are now preparing to sign off the deal “in the next few weeks”.

OpenFin, the operating system (OS) of enterprise productivity, has secured a strategic investment from ING Ventures, the venture capital arm of ING making investments in companies that have strategic relevance to ING.

Peterson Private Equity has invested in Black Mountain Software, a provider of government accounting and billing software. Peterson’s investment will help accelerate product expansion and innovation, as well as growth beyond current geographies.   Founded in 1993 by Jack Liebschutz and Wayne Carriere and headquartered in Polson, Montana, Black Mountain Software’s product portfolio includes municipal accounting, utility billing, and school district accounting software solutions.     In conjunction with the investment and in an effort to support Black Mountain Software’s continued growth, Mike Fabrizio and Nate Quinn will be joining the management team as co-CEOs. Prior to Black Mountain Software, Fabrizio

KKR & Co is backing a consortium leading the race to acquire a stake in Deutsche Telekom’s wireless tower portfolio, according to a report by Bloomberg. The report cites unnamed sources as revealing that KKR has teamed with Global Infrastructure Partners and Stonepeak to make an offer, which is reportedly being seen as more attractive than a rival bid from Brookfield Asset Management Inc and Spain’s Cellnex Telecom.  Deutsche Telekom will reportedly make a decision on the winning bid as soon as this week with any prospective deal thought to valued at around $20 billion,

China-name chipmaker CanSemi Technology secured $672 million in a new funding round led by Guangzhou Yuexiu Industrial Investment Fund Management, the private equity (PE) unit of Chinese publicly-listed firm Yuexiu Financial Holdings, according to a report by DealStreetAsia. The new funding will be used to finance the construction of new production facilities and expand the company’s output of industrial and automobile chips. Chinese state-owned automaker Guangzhou Automobile Group’s investment arm GAC Capital and Guangdong Finance Fund Management, a government-guided fund that manages over 41 billion yuan ($6.1 billion), also particpated in teh strategic funding round. CanSemi, which was founded at

BaltCap, a Baltics-focused private equity and venture capital investor, has sold Latvian company Vendon SIA to Azkoyen, a Spanish technology company. Vendon SIA is part of Draugiem Group and is a leading company in connectivity and IoT solutions in digital payment and telemetry in Central Europe.   Vendon provides remote vending management and payment processing services enabled by hardware, firmware, and software. The company, founded in 2011 and headquartered in Riga, with the largest markets in France, Germany, Benelux and the UK, has more than 45,000 connected machines. Vendon is on its journey from a European based company to a