Deals in brief

3i-backed Joulz buys Centrica’s European energy solutions businesses

The businesses are based in Italy and the Netherlands.

CapVest in talks to buy TSG from HLD

The deal values TSG at around €1.8 billion, according to sources close to the matter.

Baird Capital invests in Rapid Energy

Rapid Energy supports organizations during planned shutdowns, unexpected HVAC failures, and periods of peak demand, helping maintain operational continuity with reliable heating, cooling and climate-control systems.

Gemspring taps Aron Grossman and Zubin Malkani as co-heads of investments

In this role, they will continue to source, execute, and oversee investments while also assuming broader leadership responsibilities across the firm's investing platform.

Arcline-backed Novaria snaps up coatings provider Plasma Ruggedized Solutions

Headquartered in Fort Worth, Texas, Novaria is a provider of niche engineered components and specialty processes that serve the aerospace and defense industries.

Heartland Ventures raises initial $35.2m for Fund III, targeting $60m

The firm’s limited partners come from a network almost 1,000 industrial owner-operators in the Midwest, including construction company Shiel Sexton.

E2p sells Furlani Foods to Arbor Investments

Headquartered in Mississauga, Ontario, Canada, Furlani operates four production facilities in Canada and the US.

ERA Partners makes majority investment in GeoTility Systems Corp

The investment by ERA seeks to accelerate the expansion of GeoTility’s heating and cooling solutions to residential, multi-family, commercial and industrial real estate projects across North America.

Monogram-backed Vasco picks up Schubert Tennis

Headquartered in Massillon, Ohio, Vasco is a provider of sports surfacing solutions.

La Caisse expands stake in iron ore exploration company Champion

Through a private placement, La Caisse acquired about 26.8 million subscription receipts at a price of $3.73 (C$5.15), generating gross proceeds of $100 million.