Deals in brief

Bain Capital to take edtech firm PowerSchool private

When the deal closes, PowerSchool stockholders will receive $22.80 per share and PowerSchool will stop trading on the New York Stock Exchange.

Piper Sandler to acquire alternative investment bank Aviditi Advisors

Headquartered in Minneapolis, Piper Sandler is an investment bank.

Team performance platform Rising Team lands $8m Series A

Zeal Capital Partners led the round with participation from Peterson Ventures, Roble Ventures, Female Founders Fund, Burst Capital, and Supernode Ventures.

ACP-backed Premier Biotech acquires drug testing firm Desert Tox

Premier Biotech is a toxicology testing solutions provider.

Weatherford Capital backs school bus safety tech provider BusPatrol

BusPatrol is also backed by GI Partners and FIT Ventures.

Platinum Equity-backed Hop Lun acquires intimate apparel brand P.H. Garment

Also headquartered in Hong Kong, Hop Lun is a designer and manufacturer of intimate apparel.

Insurance Systems inks investment from NexPhase Capital

Insurance Systems is a Toronto-based provider of enterprise software solutions to the property and casualty insurance industry.

Blue Point-backed Sylvan scoops up Anchor Conveyor Products

Sylvan Group is a North America-based provider of industrial pipe installation and fabrication, millwright and rigging, electrical, boiler and turbine contracting services.

Broadband provider Xplore to raise Stonepeak-led growth financing

The financing will be used by Xplore to fund its expansion of large scale fibre-to-the-home networks across Canada and the upgrade of its fixed wireless networks to 5G technologies.

nVent to acquire Palladium Equity-backed Trachte for $695m

Based in Madison, Wisconsin, Trachte is a manufacturer of custom-engineered control building solutions designed to protect critical infrastructure assets.