An affiliate of funds managed by Blackstone has completed the acquisition of Cvent Holding Corp, a meetings, events and hospitality technology provider, for $8.50 per share in cash, representing a total enterprise value of approximately $4.6 billion.

Bain Capital Private Equity has made an all-cash offer to to take Swiss software management company SoftwareOne private, valuing the business at 2.9 billion Swiss francs ($3.21 billion), according to a report by Reuters. SoftwareOne’s board has reportedly responded by saying that the offer “materially undervalues” the company and is not in its best interest or that of the majority of its shareholders. Bain’s offer of 18.50 Swiss francs per share represents a 33% premium to the company’s closing price on 31 May, when it was presented to SoftwareOne’s directors. The company’s shares, which closed at 15.17 Swiss francs on

PAI Partners (PAI) has made a binding offer to acquire a majority stake in the ECF Group (ECF), a business-to-business distributor of equipment and consumables for hospitality and care professionals, from French private equity firm Naxicap Partners (Naxicap).  Under the proposed deal, Naxicap will remain a minority shareholder in the business alongside PAI and the management team. Headquartered in Grigny, France, ECF’s partner- and private-label brands offer over 50,000 products sourced from more than 700 suppliers globally. The majority of sales comprise small equipment and consumables, as well as hygiene products, professional kitchen equipment, and furniture. Today, ECF employs over

European private equity investor Perwyn has acquired Monaco-based Cruiseline, a specialist in the online sale of cruises in the Mediterranean, North Sea, Latin America, and the Caribbean, in partnership with the company’s management team, which has been led by Pierre Pelissier since 2012. With nearly €200 million in annual revenues, more than 170,000 passengers transported per year, and more than 50 partner cruise lines; Cruiseline operates in France, Spain, Italy, Colombia, Mexico, Argentina, and Chile under several brands, including Croisières.fr, Croisières.com, Cruceros.com, Crociere.com, Cruise.us and Kreuzfahrtenplanet.com.   The company’s call centre in Monaco, housing over 300 employees, is backed up

Parabellum Investments, a private equity firm founded by international growth investor Rami Cassis, has acquired  Vantage Consulting Group, a US-based manufacturing automation firm specialising in the pharmaceutical and food industries. The deal significantly expands Parabellum’s existing portfolio company advanco making it one of the world’s largest independent pharmaceutical serialisation solutions providers. The acquisition of comes at a time when serialisation and automation services have become increasingly important amid the growing threat of counterfeit medicines. This deal enables advanco to support the manufacturing process throughout the entire supply chain, ranging from raw material handling to distribution and warehousing, while adhering to

Arlington Capital Partners, a Washington, DC-area private equity firm, has acquired Pegasus Steel, a provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems.