Deals in brief

Mubadala, AXA IM Prime to buy stake in Arctos-backed Hayfin

Each firm will buy a minority stake from Arctos Partners in Hayfin.

Ambienta enters Spain with Agronova Biotech acquisition

Agronova is a biological crop solutions platform, with a focus on biotech and farmer support and services.

Carlyle signs deal to buy majority stake in Adastra

Adastra is a global IT consultancy and services provider specializing in data, cloud and AI transformations.

Perwyn injects capital into SoftNext

SoftNext provides software products in key verticals, including telecom and media, leisure, retail, healthcare and real estate.

Bridgepoint to exit majority stake in Vermaat for €1.5bn EV

Vermaat is a European premium catering and hospitality services provider.

Brentwood completes $410m continuation fund for Watermill Express

Based in Brighton, Colorado, Watermill is a provider of affordable and safe drinking water and ice through convenient drive-up, self-service stations.

Roark-backed Subway appoints Jonathan Fitzpatrick as CEO

His appointment is effective July 28, 2025.

Fulcrum appoints Amy Geiger as CFO and Brent Dorman as principal

Most recently, Geiger was managing director and head of personal CFO services at Pathstone and Dorfman was CEO of DriverReach.

Pact recruits Jemma Wolfe as COO

In this role, Wolfe will lead Pact’s day-to-day operations, including fundraising, investor relations, talent management, marketing, and business development.

Lerer Hippeau taps Ron Zori as venture partner for Fund IX

The fund, which closed at $200 million this past April, is focused exclusively on early-stage investments.