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CapVest, Aurelius and Clearspring are among the firms buying snack companies.

The frozen burrito business unit could fetch up to $400m and is expected to appeal to mid-market private equity firms.

Fulgard operates across two main business units: fire and protection, and soft services.

But tariffs would lead to higher costs for PE portfolio companies with operations and supply chains in China.

This investment represents the eighth platform investment for Sagewind Capital.

Archimed picked up fellow Leon, France-based FIM Medical in October.

Tivoli is a grounds maintenance, arboriculture and winter services provider.

Sverica Capital is investing out of its 6th fund, which comprises $750m of LP committed capital.

'We’ve always had a very strong position in the UK – it's our fortress and we will always look for the very best deals here. But we wanted to continue to grow, whilst maintaining that very high bar.'

PE Hub was the first to report in March that Atlas took first-round bids on Iconex. Atlas recently sold the Iconex labels business to Wynnchurch-backed M2S.