Deals in brief

PE pioneer Thomas O Hicks passes away

In 1984, Hicks co-founded Hicks & Haas, where he executed transactions including the notable merger of Dr Pepper and 7UP.

PAI Partners agrees to buy animal feed additives biz from IK Partners

Innovad Group supplies animal health and nutrition products and is headquartered in Antwerp.

EQT sells another clutch of shares in skincare specialist Galderma

The private equity firm listed Switzerland-headquartered Galderma last year.

TruArc-backed Aptyx acquires precision extrusion firm Argos Corporation

Aptyx is a Tempe, Arizona-based designer, developer and manufacturer of complex devices and components for the life sciences industry.

Lone Star to sell manufacturer SPX Flow to ITT Inc for $4.7bn

The transaction is expected to close by the end of the first quarter of 2026.

OpenGate-backed S&G sells high-security locking unit

OpenGate acquired S&G from Stanley Black & Decker in May 2019.

Keystone backs Chartwell Financial Advisory

As part of this partnership, Chartwell’s management shareholders will retain a significant ownership interest in the company and continue to lead Chartwell going forward.

Eagle Merchant Partners invests in Atlantic Pipe Services

APS serves municipal and commercial customers from its seven locations across Florida.

KKR appoints eight new partners

Hans Arstad, who leads private equity activities across the Nordic region, is among those promoted to partner.

IK Partners to acquire financial advisor Rhétorès

Rhétorès provides a range of financial savings and investment products, including life-insurance wrappers and access to asset classes including private equity, real estate and structured products.