Xylem

Rock Hill has sold Tideland Signal Corp, a provider of aids to navigation solutions, products, services and customer care to a variety of ports and harbors, offshore energy companies and coastal and marine authorities. The buyer was Xylem Inc. No financial terms were disclosed.

Inflexion Private Equity Partners has sold Pims Group, the wastewater services company, to US buyer Xylem, a water technology company, for a headline price of $57 million. Taylor Wessing advised Inflexion.

The seed-stage investor aims to close the gap in funding for start-ups tackling water-based climate issues.

GP-led deals represented around $48bn of the estimated $102bn of first-half secondary volume, according to Evercore’s latest volume report.

Tretikov was promoted to deputy CTO of Microsoft in 2020 after serving as corporate VP for AI, Perception & Mixed Reality for the company.

The Carlyle Group has appointed Gretchen McClain as an operating executive consultant for the industrial and transportation team. McClain is a former CEO of Xylem Inc.

Private equity firms are increasingly choosing outright sales instead of IPOs when it comes to cashing out of their investments as ECM is unable to compete with buyers capitalizing on accommodative debt markets, Reuters reported.

Siemens has picked Goldman Sachs to advise on the sale of its Water Technologies unit, writes Reuters. Siemens and Goldman Sachs declined to comment.