Deals in brief

CVC agrees majority investment in UK rental platform OpenRent

OpenRent, founded in 2012, is a direct-to-landlord rental platform used by more than 8.8 million landlords and tenants, with more than one in five UK tenancies now running through it.

SEVA makes minority investment in health tech firm Serif Health

The proceeds from the transaction will be used to accelerate Serif’s sales and growth initiatives, and its pipeline of new product functionality and data APIs.

Stone Point and Genstar to take co-controlling stakes in fintech firm Ascensus

Stone Point and Genstar are each investing new capital and will hold equal stakes in the company.

Vistria-backed Risepoint acquires healthcare edtech firm Keypath's North American operations

Based in Schaumburg, Illinois, Keypath is backed by Sterling Partners.

Turnspire snaps up rail services provider Hulcher

Hulcher builds, maintains, and repairs the track, locomotives, and railcars that carry freight through the North American rail network, through its 28 service centers across the US and Mexico.

BGF exits Norfolk motorsport tech firm bf1systems to Lagercrantz

The Diss, Norfolk-headquartered company has grown revenue to £17.8m and counts McLaren, Lamborghini and Porsche among its clients.

Genstar Capital strikes deal for Oncourse Home Solutions exit from Apax

Oncourse Home Solutions provides warranties covering water, sewer, gas and electric lines, plumbing, and home systems for more than two million customers across 48 states.

Blackford Capital adds fire safety integrator to platform in second add-on

Rancho Cordova, California-based Industrial Electronic Systems designs and installs fire alarm, security and life safety systems for commercial, institutional and government customers across the Western US.

Baird Capital exits Cleanwater1 in sale to Veralto

Cleanwater1 supplies water and wastewater quality management, chemical feed systems and gas-phase filtration technologies to municipal utility and industrial customers.

PSG invests in construction software provider XBE

XBE founder and CEO Sean Devine and Banneker Partners will each retain significant ownership positions and Devine will continue to lead the company.