AE Industrial Partners (AEI), a US-based private equity firm specialising in aerospace, defence & government services, space, power and utility services, and specialty industrial markets, has reached a definitive agreement to acquire a significant stake in Firefly Aerospace (Firefly), an specialist in economical launch vehicles, spacecraft, and in-space services, from Noosphere Venture Partners (Noosphere). Transaction closing is subject to the satisfaction of regulatory approvals, including Hart-Scott-Rodino (HSR) clearance. Other terms of the deal have not been disclosed.

illumifin, an insurance third-party administration and software provider backed by private equity firm Abry, is to acquire LTCG, a provider of administrative solutions and clinical services to the long-term care insurance industry. The transaction is expected to close within the next 60 days.   The strategic acquisition will make illumifin one of the largest insurance third-party administrators in the country with leading capability in underwriting, policy administration, health risk assessments and claims management. By combining illumifin’s third party administration and technology solutions with LTCG’s proprietary long-term care administration platform and claims capabilities, the company will be well positioned to advance

Depict.ai, a provider of AI-based product recommendations for any e-commerce store without the need for historical sales data, has raised USD17 million in a Series A investment led by Tiger Global, with participation from Initialized Capital, EQT Ventures, Y Combinator and a team of angels. The Series A investment comes a year after Depict.ai raised USD2.8 million in a seed funding round led by Initialized Capital, with participation from EQT Ventures, Y Combinator, and Northzone.  The new capital will be used to keep up with demand and enable Depict.ai’s rapidly growing team to bring its recommendation engine to the rest

Wellness icon Deepak Chopra, psychedelics entrepreneur Christian Angermayer and Dragons’ Den investor Steven Bartlett, are backing The Healing Company, a new business set up to acquire consumer health brands, according to a report by CNBC. Chopra, who is to become chief scientific adviser, is acquiring a stake in there business in return for his is time and advice, which will help the company pursue its aim of acquiring and scaling 15 direct-to-consumer health brands over the next three years. All will have a focus on  holistic medicine and health supplements.

Good-Loop – a global ad tech company that converts people’s attention to ads into donations to good causes – has closed a Series A round of USD6.1 million (GBP4.5 million) led by led by New York-based investment fund, Quaestus Capital Management (QCM). Additional backing came from Scottish Enterprise, impact investor SIS Ventures, European ad tech fund First Party Capital and investment raised on the crowdfunding platform Seedrs – bringing total investment into the ad tech for good platform to USD8.2 million (GBP6 million) since it was formed in 2016. The funds will be used to accelerate the company’s product roadmap,

Global Software and Services business Netaxis Solutions has acquired Anyroute in an asset deal that delivers the latest, Microsoft Teams capabilities to a telecoms client base. Netaxis’ products and services are used by major telecoms organisations worldwide to create new propositions, drive innovation and transform networks. Products like APIO and SRE are often never seen by the end-customers of those Telcos because they integrate seamlessly with back-end operations and provide a “white label” user experience that presents the brand of the Service Provider. The acquisition of Anyroute strengthens Netaxis’ Teams Voice Automation proposition with enhanced features and professional services. This