Blackstone-backed Xpansiv, a market-infrastructure platform for global carbon and environmental commodities, has completed its acquisition of APX, a specialist in registry infrastructure for energy and environmental markets. Earlier this month, Blackstone announced that funds managed by Blackstone Energy Partners (Blackstone) committed $400 million to lead a strategic investment in Xpansiv. Blackstone’s capital injection enabled Xpansiv to complete the APX acquisition. Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels—all critical elements of decarbonisation. Xpansiv’s growing ecosystem supports companies seeking to meet environmental and emissions reduction goals.

New Mountain Capital, a growth-oriented investment firm with over $37 billion in assets under management, is to acquire PerkinElmer’s Applied, Food and Enterprise Services businesses, a carve-out from the Discovery & Analytical Solutions segment of PerkinElmer, Inc (NYSE: PKI), for up to $2.45 billion. The business being acquired includes PerkinElmer’s leading OneSource laboratory and field services, along with a portfolio of atomic spectroscopy, molecular spectroscopy, and chromatography instruments, consumables and reagents that serve the biopharma, food, environmental & safety and applied end markets. The PerkinElmer brand will be transferred with the business, and the transaction is expected to close in

An affiliate of HIG Capital (HIG) has acquired Barton & Associates Inc, a healthcare staffing company focused on locum tenens with additional capabilities in travel nursing, allied healthcare, and government-related physician staffing markets. Barton offers healthcare staffing services on a temporary basis to hundreds of healthcare facilities. The Company provides a differentiated service critical to its clients that is focused on providing highly specialised talent across a wide range of specialties. UBS Investment Bank and BofA Securities acted as financial advisors and McDermott Will & Emery LLP acted as legal counsel to HIG JP Morgan Securities LLC acted as exclusive

Leisure goods provider TotalCool has secured a £500,000 capital investment from alternative funding provider Growth Lending, to support the firm’s cash flow during an important period of expansion. Founded in 2015, TotalCool specialises in the leisure and camping industry and will use the funds to support its goal of expanding into the B2B market, using its enhanced working capital position to reinvest in growth and the continuous innovation of its new product line.   TotalCool manufactures a wide range of leisure and camping equipment, such as air conditioning units, portable fridge freezers, solar panels and portable rechargeable batteries. TotalCool’s products

Middle market private equity firm Gryphon Investors (Gryphon) has acquired Rootstock Software (Rootstock), a provider of cloud-based Enterprise Resource Planning (ERP) software to manufacturing, distribution, and supply chain organisations, which are increasingly seeking cloud-native, purpose-built ERP solutions to streamline business operations. Both Salesforce Ventures and the company’s management team re-invested in the deal alongside Gryphon.  Terms of the deal have not been disclosed. Rootstock provides a market-leading, composable cloud ERP solution built on the Salesforce Platform. The company’s software helps manufacturers, distributors, and other organisations run their everyday business operations by linking customers, suppliers, and employers to critical data across

The UK’s largest distributor of decorative surfaces, International Decorative Surfaces (IDS), has completed a management buyout in partnership with private equity investor Chiltern Capital, with the support of a multi-million asset-based lending facility from Secure Trust Bank Commercial Finance. The facility will also support IDS’ working capital needs, as it looks to increase its market share.   Previously a subsidiary of Compagnie de Saint-Gobain (Saint-Gobain), a listed multinational headquartered in France, IDS specialises in flooring, worktops, laminates, compact, panel products, solid surface, wall panelling and composite decking. Headquartered in Newcastle-Under-Lyme, Staffordshire, it supplies more than 12,000 products, serving its customer

Buyout firm Permira is hoping to agree a £1.3 billion deal to acquire Reorg Research Inc, a financial data vendor specialising in debt restructuring, according to a report by Reuters. The report cites unnamed sources as revealing that the deal would see private equity firm Warburg Pincus, which valued Reorg at around $400 million when it acquired a controlling stake in 2018, make a lucrative exit from the business following an auction process, with Permira hoping to sign a deal in the coming days. Should deal be reached, Reorg Chief Executive Kent Collier, who founded the New York-based firm in

BuiltAI, an AI platform for the commercial real estate market, has closed a £2 million seed round led by former Apple/DataTiger executives Philipp Mohr and Puli Liyanagama and supported by MMC Ventures, Plug and Play and an InnovateUK Smart Grant. The new funds will fuel BuiltAI’s R&D and product growth – including furthering its AI geospatial analytics platform and extending its customer acquisition in the UK and Europe.  The deeptech company is developing AI inference technology that delivers radical transparency to the commercial real estate market in order to inform better, quicker investment decisions by players in the market.  Built