Inflexion to exit European Lifecare Group; Frontenac sells Newterra

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

– Inflexion Pvt. Equity Partners LLP agreed to sell its stake in Denmark-headquartered European Lifecare Group A/S to Findos Investor GmbH.

– Frontenac Co. LLC sold US water treatment company Newterra Corp. Inc. to Grundfos Holding A/S.

– H.I.G. Capital LLC acquired a controlling stake in Finnish waste management company Fluo Group Oy.

– Cerberus Capital Management LP sold US electrical distribution systems manufacturer Electrical Components International Inc. to Rosebank Industries PLC for about $1.9 billion. Debevoise & Plimpton LLP was Cerberus and Electrical Components' legal adviser. Goldman Sachs & Co. LLC, Rothschild & Co, and Guggenheim Securities LLC were their financial advisers.

– Mountaingate Capital Management LP invested in New York-based marketing agency Podean LLC and marketplace management company Commerce Canal Corp.

Disclaimer: This content may be AI-assisted and is composed, reviewed, edited, and approved by a human at S&P Global.

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.