Azimut to increase stake in Highpost; Palatine to sell Suntera stake to Valeas

Deal Wrap is updated as of 3 p.m. ET.

– Azimut Group, through Azimut Alternative Capital Partners LLC, agreed to boost its stake in US private equity firm Highpost Capital LLC to 56% from 15%. The deal gives the Milan-based asset manager a controlling interest in Highpost. Sidley Austin LLP was Azimut's legal adviser, and Gibson Dunn & Crutcher LLP was Highpost's legal adviser.

– Valeas Capital Partners Management LP will acquire a majority stake in private wealth services provider Suntera Global from Palatine Private Equity LLP. The deal is expected to close during the second half of 2025.

– An investor group including I Squared Capital Advisors LLC agreed to buy stakes in US natural gas pipeline operator Matterhorn Express Pipeline LLC from Ridgemont Partners Management LLC and Devon Energy Corp. WhiteWater Midstream LLC will remain the majority owner and will continue to operate the pipeline.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.