Deals in brief

PAI Partners to take majority stake in Motel One

Motel One is an economy design hotel chain in Europe.

Runway Growth Capital promotes Greifeld to chief investment officer

In his new role, Greifeld will oversee Runway's investment strategy, deal structuring, and portfolio management as the firm continues its mission of providing flexible financing solutions to high-growth companies.

Norwest promotes Rami, Mitchell and Scullin to partner

Also, the venture capital firm has upped Connor Pike, Chris Sondej and Suraj Sha to principal.

TandemLaunch closes fourth fund at C$37m

TandemLaunch Ventures Fund IV’s LPs include The Venture Capital Catalyst Initiative, BDC Capital, Fonds de solidarité FTQ and over 30 family offices and angel investors.

Verdane sells part of stake in Finnish beauty brand Lumene Group

Lumene Group is a Nordic beauty company specializing in skincare, makeup and haircare products.

Apax Partners beefs up stake in ECI Software Solutions

At the closing of the transaction, Apax will become a co-control owner of ECI with Leonard Green & Partners.

New Mountain-backed Amerit Fleet Solutions snaps up Vector Fleet Management

Amerit is a Walnut Creek, California-based provider of fleet maintenance, repair, and management services for commercial fleets.

Aurora Capital-backed Lubrication Engineers to acquire Royal Purple's industrial brands and products

RPI is a Texas-based provider of specialty synthetic performance lubricants and greases for diversified industrial applications.

PE-backed CHG Healthcare acquires medical staffing firm CareerMD

CHG Healthcare is a staffing agency specializing in physician recruitment.

Goldner Hawn-backed Cyber Advisors picks up IT services firm Wasatch I.T.

Based in Maple Grove, Minnesota, Cyber Advisors is a provider of managed IT services and cybersecurity solutions.