Luisa Beltran

KKR in advanced talks for SRL: Bloomberg

KKR is in advanced talks to acquire a stake in SRL, a medical diagnostics company being spun off from Fortis Healthcare, Bloomberg reported. TPG and Bain Capital were also in discussions to buy a stake of SRL, the story said. The deal could value New Delhi-based SRL at about 50 billion rupees ($774 million), Bloomberg said.

Body Shop auction draws bids from PE, Natura Cosmeticos SA

Natura Cosmeticos SA, as well as private equity firms including CVC Capital Partners, Advent International Corp and Investindustrial Advisors SpA, were among the bidders making it to the next round of the Body Shop auction, according to Bloomberg. Bids for the lotions and soaps retailer came in at more than 800 million euros ($856 million), the story said. L’Oreal SA acquired Body Shop more than a decade ago in a deal that valued it at 652 million pounds ($833 million), Bloomberg said.

Alliance Source buys Golden Specialty's stack testing unit

Alliance Source Testing LLC, a portfolio company of Align Capital Partners, has acquired stack testing operations of Golden Specialty Inc. Financial terms weren’t announced. Golden, of Friendswood, Texas, provides source emission (or stack) testing services to industrial facilities in the western U.S.

Aldrich joins American Family Ventures

Andrew Aldrich has joined American Family Ventures as a principal, according to an email and Aldrich’s LinkedIn page. Aldrich was previously a director at AXA Equitable, his LinkedIn page said. His focus at American Family will remain insurance, fintech, IoT and Data, the email said.

Thaper joins Cairngorm Capital

Cairngorm Capital said April 24 that the firm has named Dr Amit Thaper an investment director. Thaper joined from H.I.G. Capital.

Maven Capital closes ProspectSoft MBO

Maven Capital Partners said April 24 that it completed the £6 million ($7.69 million) management buy-out of ProspectSoft Ltd. ProspectSoft provides customer relationship management and e-commerce software for the business-to-business (B2B) market.

Bankers prep S-1 for Madison Dearborn's Evo; deal timing still unclear

Viamericas seeks buyer; Goldman steps down as Credibly CEO

CITIC leads $400 mln round for Microvast Power

Microvast Power System, a subsidiary of Microvast, said April 20 it raised a $400 million funding round led by CITIC Securities. Additional investors include CDH Investment, National Venture Capital, and others. Microvast, of Stafford, Texas and Zhejiang, China, develops and makes fast charging, long-life, and non-flammable lithium-ion battery systems for hybrid and fully electric buses.

Excelligence Learning buys Frog Street Press

Excelligence Learning Corp, a Brentwood Associates portfolio company, said April 19 that it has acquired Frog Street Press Inc. Financial terms weren’t announced. Frog Street, of Dallas, provides early childhood education solutions for children of ages 0 – 5 years to public schools, Head Start programs and early child care centers. Frog Street was advised by Signal Hill and represented by Gardere Wynne Sewell LLP. Excelligence was advised by Tyton Partners and represented by Burr & Forman LLP.