A consortium led by private equity firms Apax and Warburg Pincus is to acquire British satellite communications company Inmarsat in a deal worth USD3.4 billion. The consortium, which also includes the Canada Pension Plan Investment Board (CPPIB) and the Ontario Teachers’ Pension Plan Board (OTPP), has agreed to pay USD7.21 in cash for each share of the FTSE 250 firm and says it will maintain Inmarsat’s HQ in the United Kingdom. It will also “maintain a level of expenditure on R&D consistent with Inmarsat’s past practice, in recognition of the importance of R&D to Inmarsat’s ability to continue to develop

Oase Living Water (OASE), a portfolio company of buyout firm Argand Partners, has acquired the German-based Söll Group (Söll), a supplier of specialised water treatment products, water analysis and filtering technology, and premium fish food for consumer and commercial applications.   Headquartered in Hörstel, Germany, OASE is the global market leader in water gardening products, offering a suite of products that enable the creation of tranquil, inviting outdoor oases, from simple to elaborate. The terms of the transaction were not disclosed.   The Söll Group has a 25-year history of developing and producing environmentally friendly and innovative premium water treatment

Bowmark Capital, a mid-market private equity firm, has completed the take-private of AIM-listed Tax Systems Plc, a provider of corporation tax software and services in the UK and Ireland. The transaction values Tax Systems at GBP114 million.  Founded in 1991, Tax Systems’ portfolio of solutions automates the end-to-end tax compliance process, enabling the company’s clients to increase the accuracy of their tax reporting, reduce the risk of non-compliance and free up the tax function to focus on value-adding tasks. Clients include a large proportion of the FTSE 250 and 23 out of the top 25 accounting firms.    Bowmark is

OpCapita Consumer Opportunities Fund II, advised by OpCapita, a private equity firm specialising in the operational improvement of businesses in the retail, consumer and leisure industries, is to acquire a majority equity stake in Maurices Incorporated (maurices), a specialty retailer focused on women’s value apparel. maurices’ current parent company, ascena retail group (ascena) will retain a significant equity interest in the business and will continue to provide brand support services. Certain members of the maurices management team will invest alongside OpCapita in the transaction, which values maurices at an enterprise value of USD300 million.   Founded in 1931, maurices is

By Light Professional IT Services (By Light) has acquired Phacil, Inc, a diversified software, cybersecurity systems engineering and managed services provider to the US Government. Financial terms of the transaction have not been disclosed. Phacil has been a trusted partner to its US Government client base for nearly two decades. It delivers mission-critical IT services, including the modernisation and assessment of IT systems and networks, and the implementation of cloud and other managed services to support web applications, infrastructure, and project management; cybersecurity threat identification, vulnerability testing and systems monitoring; and the development and implementation of cloud and other software

Cavendish Corporate Finance, a UK mid-market M&A firm, has advised Inflexion Private Equity on its successful buyout of Creative Car Park Limited (CCP), a UK provider of car park management solutions for small businesses. The investment is being made by Inflexion Buyout Fund V, Inflexion’s dedicated mid-market fund.   Based in London and founded in 2005, CCP was the UK’s first car park operator to offer a fully automated number plate recognition technology enforcement service. The firm’s offering ensures CCP’s clients’ customers can park easily by preventing misuse as well as freeing up staff time from monitoring parking. CCP’s low-cost