Deals in brief

Three Hills-backed LCap picks up Peoplewise

Founded in 1992, Peoplewise is a leadership consultancy.

Advent signs deal to buy Australia’s Automic Group

Automic is a tech company providing financial market infrastructure to investors and issuers in Australia and New Zealand.

Agilitas wraps up acquisition of Tietoevry Tech Services

Tietoevry Tech Services is an IT service provider and a division of Tietoevry.

Ares Management sells minority stake in McLaren Racing

Headquartered in the UK, McLaren Racing is home to the McLaren Formula 1, IndyCar and Esports teams as well as the World Endurance Championship team from 2027 onwards.

Menlo Ventures targets $1.5bn across two new funds

Menlo Inflection IV is seeking to raise $800 million for its fourth fund, according to an SEC filing while Menlo Ventures is targeting $700 million for its flagship seventeenth fund.

Quantum algorithms company Phasecraft nabs $34m Series B

The investors included Plural, Playground Global, Novo Holdings, AlbionVC, Latitude, and Parkwalk Advisors.

IceLake invests in digital solutions engineering firm

Igor Epshteyn serves as CEO of Coherent Solutions.

STG acquires finance and data analytics firm Yodlee from Envestnet

Envestnet acquired Yodlee in 2016.

Littlejohn-backed Ardurra Group picks up water and wastewater engineering firm J.R. Wauford

Headquartered in Miami, Ardurra provides engineering, consulting, and design services for various end markets.

Jim Forbes joins Vesey Street as senior advisor

Previously, Forbes was vice chairman of investment banking at Morgan Stanley, UBS and Merrill Lynch.