Deals
The Carlyle Group is investigating the potential purchase of international assets owned by Lukoil, the Russian oil major, according to a report by Reuters.
Canada’s ECN Capital has agreed to be taken private in a CAD$1.9bn ($1.35bn) transaction led by Warburg Pincus, signalling heightened private equity interest in the financial services sector. The investor consortium will pay CAD$3.10 per common share in cash, a premium of roughly 13% over the preceding closing price.
An affiliate of Turnspire Capital Partners LLC (Turnspire) has acquired LifeLine Foods LLC and ICM Biofuels LLC. The operations will be combined under The LifeLine Group (LifeLine), with the food business continuing to operate as LifeLine Foods, and the biofuels business being rebranded as LifeLine Biofuels. Turnspire’s partner in the formation of LifeLine is AgraMarke Quality Grains, Inc (AgraMarke), a Missouri cooperative of corn farmers.
A US judge has sided with private equity firm GTCR in clearing its acquisition of medical device coatings maker Surmodics, rejecting the Federal Trade Commission’s effort to block the deal, according to a report by Reuters.
BP is in advanced discussions with investment firm Stonepeak regarding the potential sale of its lubricants business Castrol, a move aligned with BP’s target to divest approximately $20bn by 2027, according to a report by Reuters citing people familiar with the matter.
One Equity Partners, a mid-market private equity firm, has exited its investment in InfuCare Rx, Inc through a strategic founder-led equity buyback. Financial terms of the private transaction have not been disclosed.
Francisco Partners, a global investment firm that specialises in partnering with technology businesses, has acquired OEConnection LLC, an end-to-end platform for the automotive aftersales ecosystem, from Genstar Capital, a private equity firm focussed on investments in targeted segments of the software, financial services, industrials, and healthcare industries. Financial terms of the transaction were not disclosed.
Chinese investor Centurium Capital, known for backing fast-growing coffee chain Luckin Coffee, is considering a proposal to acquire UK chain Costa Coffee from Coca‑Cola Co, according to a report by Bloomberg citing people familiar with the matter.
European private equity investor Perwyn has entered an agreement to exit its majority holding in Lowe Rental to MML Keystone, realising a 5.3x multiple on invested capital. Perwyn will also be reinvesting in the company.
Equipped AI, a provider of loan management and portfolio intelligence software for private credit and alternative firms, has launched a strategic growth partnership with P Capital Partners, a Nordic private credit investor with €3.5bn in assets under management.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
