Deals in brief

PE-backed Lorca to sell MasOrange for €4.25bn

MasOrange is a Spanish telecoms operator.

Montagu raises €2bn CV to support Wireless Logic

The fund will be managed by Montagu, with TPG GP Solutions as lead investor and CVC Secondary Partners and Partners Group as co-leads.

Hg names new managing partners and co-CEOs

Steven Batchelor and Jean-Baptiste Brian have been appointed as new managing partners and co-CEOs.

Eurazeo wraps up sale of CPK Group

CPK is a European confectionery and chocolate company.

Inflexion-backed CNX Therapeutics snaps up Sativex

Sativex is indicated for symptom improvement in adult patients with moderate to severe spasticity.

Steel Atlas targets $50m for second fund

The New York-based firm matches technology start-ups with its network of conglomerates to drive innovation in industrial sectors.

Carlyle-backed Ignyte Insurance sells its collector vehicle unit to Philadelphia Insurance Companies for $615m

The business is headquartered in Mount Laurel, New Jersey.

SYN Ventures closes on $206.1m for Fund III, targeting $300m

Completion of more than two-thirds of Flagship Fund III's target size was accomplished in only seven weeks and is due to strong support from both existing and new LPs.

HGGC invests in energy consultant Inspired

Inspired is a tech-enabled energy cost management and ESG consulting platform in the UK.

Mountaingate-backed Ignite Visibility picks up marketing tech services firm EverConnect

Headquartered in San Diego, Ignite Visibility is a digital marketing firm.