TPG to take over GE Vernova's Proficy business; Vista invests in Joblogic

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

– TPG Inc.'s TPG Capital LP agreed to buy GE Vernova Inc.'s Proficy manufacturing software business in a $600 million transaction expected to close during the first half of 2026. Evercore and Morgan Stanley & Co. LLC are financial advisers to GE Vernova. Centerview Partners LLC is TPG's lead financial adviser, and William Blair is its financial adviser.

– Vista Equity Partners Management LLC made a strategic growth investment in Joblogic Ltd., a UK-based field service management software provider. The transaction includes more than £100 million in new primary capital that Joblogic will use to advance its AI road map and expansion in Europe.

– SilverTree Equity acquired mhance, a UK-based Microsoft Solutions Partner with designations in Business Applications, Azure and Modern Work.

– Stockholm-based Ahlsell AB, an industrial distributor of technical products in the Nordic region, is bringing in new investors and extending its partnership with existing backer CVC Capital Partners PLC in a transaction expected to close in the fourth quarter. CVC, which will continue as Ahlsell's controlling shareholder after the deal closes, received financial advice from BofA Securities and Lazard.

– Velosource LLC, a healthcare staffing and recruitment agency focused on locum tenens services, secured strategic growth investment from Interlock Equity LP.

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