Deals in brief

Blackstone-backed Cirsa plans IPO in Spain

Cirsa is an international gaming platform.

Battery Ventures portcos AdaCore and CodeSecure to merge

The merger will form a global company providing embedded software security and safety services.

Audax Private Equity completes Thermogenics sale to MSCP

Thermogenics provides industrial and commercial boiler service and maintenance across North America.

Thompson Street picks up Bubbakoo’s Burritos

Bubbakoo’s is a franchisor of fast-casual Mexican-fusion restaurants.

EQT lists portfolio company Enity on Nasdaq Stockholm

Enity is a specialist mortgage provider in Sweden, Norway and Finland.

Mutares agrees to buy Continental’s drum brake location in Italy

The business is expected to generate about €100m of revenues in 2025.

Mutares-backed Walor North America to buy TSM from HCI

TSM is a US-based manufacturer of precision machined components and value-added assemblies.

Angeles Equity Partners taps Eshang Saini as VP for operations team

In this role, Saini will support the evaluation and due diligence of new investment opportunities, build and execute value creation plans, and drive post-close transformation.

Reverence Capital-backed Osaic to acquire registered investment advisor CW Advisors from Audax

The deal is expected to close in the third quarter of this year.

Lars Fjeldsoe-Nielsen joins Owl Ventures as GP

In this role, he will lead Owl's strategic expansion across Europe, Africa, Middle East and other emerging markets, with a focus on impactful, AI-driven innovations in education.