Deals in brief

Pegasus Tech Ventures launches CVC with Japanese software firm Asteria

The fund, whose size has not been disclosed, aims to advance global connectivity and innovation, focusing on AI, automation, edge computing and intelligent data infrastructure.

NMS-backed Surplus Solutions scoops up health tech firm DCM BioServices

Headquartered in Woonsocket, Rhode Island, Surplus Solutions is a provider of equipment lifecycle management solutions for the life sciences industry.

Rotunda-backed RMH Systems snaps up material handling integrator Top Shelf

Headquartered in Waukee, Iowa, RMH is a provider of turnkey automation, material handling, packaging, and industrial scale solutions.

Argosy takes a controlling stake in logistics firm K&L Freight Management

K&L specializes in time-sensitive, mission-critical freight services for the food & beverage, life sciences, energy, and other industries.

Avance backs infrastructure firm Lexxel

Lexxel's founders and management team are reinvesting significant equity alongside Avance and will continue to lead the company.

Advent-backed Cobham Ultra to sell undersea warfare solutions provider Ultra Maritime for $3.45bn

Headquartered in London, Cobham Ultra is a defense and aerospace company.

Permira to invest in Quadrante

Quadrante is a consulting firm specialising in engineering, architecture, environment and sustainability.

Bruin Capital to sell golf simulation company Full Swing to Versant Media for $530m

Based in New York City, Versant Media is the owner of cable networks including CNBC, MS Now and the Golf Channel.

Capmont to carve out Dyneon from 3M Deutschland

Dyneon is a fluoropolymer manufacturer with products serving the semiconductor, medical technology, electric vehicle, aerospace and energy sectors.

CVC agrees sale of D-Marin to InfraVia

D-Marin operates 28 marinas across nine countries in the EMEA region, serving more than 50,000 customers annually with over 14,300 berths.