Deals in brief

La Caisse to buy 49.9% stake in newly formed Terrion for C$1.3bn

The deal is being done in partnership with Telus Corp, a provider of telecommunications and information technology products and services in Canada.

OrbiMed racks up $1.86bn for fifth royalty and credit fund

Fund V will target growth-oriented healthcare companies, with a focus on non-dilutive credit and royalty-based financing.

New Mountain-backed Machinify to take healthcare tech firm Performant private for $670m

Headquartered in Plantation, Florida, Performant is a provider of technology-enabled payment integrity, eligibility, and related analytics services for healthcare payers.

Genstar taps Dr. Donal McMahon as AI and data science head

In this role, Dr. McMahon will collaborate closely with Genstar’s portfolio companies to optimize their AI strategies, helping to implement best practices as well as identify opportunities for cross-portfolio collaboration and knowledge sharing.

Pamlico-backed Datos Insights picks up InsTech

InsTech is a London-based insurance innovation community and advisory firm.

Nonantum-backed Helix Traffic Solutions snaps up Highway Safety Services

Headquartered in Murfreesboro, Tennessee, Helix is a provider of traffic safety solutions throughout the US.

GHK acquires mechanical HVAC and plumbing services firm Rogers Building Solutions

GHK serves commercial and industrial end markets.

HIG buys Kantar Media in carve-out from Kantar Group

Kantar provides insights into audience behavior, advertising effectiveness, and media consumption patterns.

ICG invests in Italy’s Excellera Advisory Group

Excellera is an Italian corporate affairs advisory group.

ICG to pick up UK airport operator RCA

RCA is the operator of Bournemouth, Exeter and Norwich Airports and owner and operator of XLR Executive Jet Centres.