Deals in brief

Oakley Capital invests in Sir Ben Ainslie’s Athena Racing

Athena Racing is the British America’s Cup team and sailing franchise founded and led by Sir Ben Ainslie.

Alphabet to acquire Intersect Power's data center business for $4.75bn

Intersect’s solar and wind power assets in Texas, and development assets in California will continue to be owned by prior investors which include TPG's Rise Climate Fund, Climate Adaptive Infrastructure and Greenbelt Capital.

Crosslink Capital raises $228m for ninth crossover fund

New Mexico State Investment Council is one of the limited partners in Crossover Fund 9, the latest of the firm's funds designed to support companies from early-stage private fundings to public equity offerings.

Digital engineering firm Coherent Solutions snags investment from IceLake

Coherent Solutions builds and modernizes digital products and platforms for growing scaleups and established global brands.

Investindustrial portco Nexture to add-on Sipral Padana

Nexture is a company specializing in the development and manufacturing of high-quality food ingredients and value-added solutions.

Trian Fund Management and General Catalyst to buy Janus Henderson for $7.4bn

Janus Henderson shareholders to receive $49.00 per share in cash.

Alantra-backed SPW Fabrics picks up Italy’s MITI

Following the transaction, the combined company will generate approximately €50 million in revenues.

Apollo-backed The State Group acquires J&J Electric of Indiana

Based in Franklin, Tennessee, The State Group is an industrial and specialty services contractor.

Wynnchurch-backed FloWorks acquires Cranford Equipment Co

FloWorks is a Houston-based specialty distributor of critical flow control products.

PE-backed Accordion scoops up Pinnacle Healthcare Advisors

Accordion is a New York-based AI- and data-powered financial consulting firm focused on private equity.