Deals in brief

Gallant Capital-backed Pro-Vac snaps up hydro excavation services provider Kinetic

Pro-Vac is a provider of essential subsurface infrastructure services.

Italian life sciences investor XGen Venture collects €160m for debut fund

The fund is anchored by Micheli Associati, majority shareholder of Genextra, along with EIF and CDP VC. Other LPs include UniCredit, Quaestio Capital, Banco BPM, Inarcassa, ENPAM, Fondazione di Sardegna and Banca Sella Holding.

Qiming Venture Partners promotes Zhou to managing partner

Zhou first joined the firm in 2014 as a vice president.

Goldman Sachs scoops up urgent care services provider Xpress Wellness

The seller was Latticework Capital Management.

Hg to acquire audit, risk and ESG software firm AuditBoard for over $3bn

Currently, Battery Ventures is AuditBoard's largest institutional shareholder.

Jaguar Growth Partners-backed Opea acquires two Brazilian firms True Securitizadora and Maximus

Opea is a Brazilian credit and securitization company.

KKR-backed Groundworks picks up PolyLevel Alberta Corp

PolyLevel Alberta Corp is a concrete leveling and concrete repair services provider.

MidOcean invests in utility damage prevention services provider GridHawk

GridHawk was founded in 2019 by Paul Baugher in partnership with Cascata Capital.

Fengate taps Henderson as IR and capital formation managing director

In this new role, Henderson will contribute to Fengate’s continued expansion into the US market, building out the firm’s network with investors and investment consultants.

Altamont Capital-backed SPG acquires packaging firm Clark Foam

SPG is a provider of protective packaging products.