IK Partners’ (IK) IK Small Cap II Fund (IK SC II) is to sell its stake in Bahr Modultechnik (Bahr) to IMI plc (IMI). Bahr is a manufacturer of modular positioning systems, used in a wide range of process automation applications.   IK invested in Bahr in May 2018 and, since then, the Company has focused on organic top-line growth, strengthening its sales capabilities and team. 

Astorg is to acquire OPEN Health, a global provider of scientific communications and market access services to the pharmaceutical industry, from Amulet Capital Partners (Amulet). Established in 2011 and headquartered in London, UK, OPEN Health helps its customers develop strategies for evidence generation and data communication. OPEN Health has more than 1,000 employees in 15 locations and six countries, across North America, Europe and Asia. OPEN Health serves over 170 life sciences customers, including 48 of the top 50 pharmaceutical companies. OPEN Health’s existing management team, led by CEO Rob Barker, will continue to lead the organisation, building on a

Private equity investor AnaCap Financial Partners’ portfolio company Gestión Tributaria Territorial (GTT), a provider of software services for tax administration, has acquired the electronic administrations division of the Meana Group. Financial terms of the transaction have not been disclosed.

Global private equity investor Advent International (Advent), and specialty chemicals company LANXESS are establishing a joint venture have formed a joint-venture to acquire engineering materials business (DEM) from Dutch group Royal DSM. The Enterprise Value is around €3.7 billion and will be financed by the joint venture via equity from Advent and external debt. The business represents sales of around EUR1.5 billion with an EBITDA margin of approximately 20%.    In addition, LANXESS is combining its High Performance Materials (HPM) business unit with DEM. HPM is one of the leading suppliers of engineering and high-performance polymers, which are used primarily

GIC, a global institutional investor, and Greystar Real Estate Partners, (Greystar), a specialist in the investment, development, and management of rental housing, have formed a joint venture is to acquire Student Roost, the UK’s third largest purpose-built student accommodation (PBSA) provider from one of Brookfield’s real estate private funds. The transaction is expected to close in the third quarter of 2022 and is subject to customary closing conditions.   Student Roost’s high-quality portfolio comprises over 23,000 beds with a secured development pipeline of approximately 3,000 further beds covering key UK university cities, many of which are home to prestigious Russell

abrdn’s Finnish district heating and energy services business platform, Loimua Oy (formerly known as Elenia Heat), is to acquire Pilke Energia and its subsidiaries from Lahti Energia. Pilke Energia owns and operates biomass boilers with a capacity of 48MW across two sites in the municipality of Kärkölä in southern  Finland. The company’s main responsibility is to produce energy for a local wood product company, Koskisen Oy.   abrdn has been actively investing in Finland for over seven years starting with the acquisition of Auris Energiaratkaisut, followed by Riihimäen Kaukolämpö (RKOY), Loimua and Outokummun Energia (OKE), developing successful partnerships with both

clicOH, a tech-enabled provider of shipping for businesses in Latam, has closed a $25 million Series A funding round led by Tiger Global. JAM Fund also participated in the round.   Founded in 2018, clicOH operates in Argentina, Mexico, Chile and Uruguay. The financing will support clicOH’s expansion into Colombia and new product launches aimed at enhancing the sellers’ experience. Digital Horizon and previous investors, including Flexport, FundersClub and Vast VC, also participated in this round. Since inception, clicOH has secured  a total of $33 million in funding.

Alternative asset manager Cheyne Capital has sold its majority shareholding in independent housebuilder Elivia Homes to funds advised by Octopus Investments, part of the Octopus Group. Since it first invested in Elivia Homes, formerly Vanderbilt Homes, in 2014, Cheyne has played an integral role in supporting the firm’s ambitious growth into one of the South-East’s leading housebuilders. In the four years since Cheyne recommitted to its investment, Elivia has more than doubled its number of homes.    The Octopus team have a long-term strategy in place to continue Elivia’s growth, with the aim of transforming it into a £250 million

Mondu has secured $43 million in a Series A funding round led by US-based venture capital fund Valar Ventures. The funding will enable Mondu to scale its BNPL for B2B solution for merchants and marketplaces by investing in its product and customer acquisition. Mondu plans to expand into more European countries later this year, starting with Austria this summer. Previous investors Cherry Ventures, FinTech Collective, and tech entrepreneurs and senior executives from Klarna, Zalando, and SumUp have continued to support Mondu in its Series A. To date the company has raised $57 million. Mondu helps simplify the financial lives of

Leucadia Asset Management, the asset management division of Jefferies Financial Group Inc. (NYSE: JEF), has formed a strategic relationship with Illuminate Financial Management, a venture capital firm that invests in companies and technologies at the forefront of the financial services industry. In connection with the transaction, Leucadia Asset Management will commit to investing in Illuminate Financial Management’s venture capital strategy. Illuminate Financial Management is a thesis-driven venture capital firm dedicated to fintech and enterprise software companies building technology solutions for financial services. Existing investors from Illuminate Financial Management’s previous funds will continue as additional anchor investors in the third fund,