ICG sells PSB Academy; Sole Source acquires Brite

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

– ICG PLC sold Singapore's PSB Academy to Sun Venture Pte. Ltd.

– Sole Source Capital LLC acquired cybersecurity firm Brite. Brite's financial and legal advisers were Stifel and Woods Oviatt Gilman LLP, respectively. Sidley Austin LLP was Sole Source's legal adviser.

– Patient Square Capital LP and Webster Equity Partners LP agreed to sell their shares in biopharmaceutical firm Radius Health Inc. to B‑FLEXION Life Sciences. Centerview Partners LLC was Radius' financial adviser.

– GTCR LLC closed the sale of payment processor Worldpay LLC to Global Payments Inc. for $24.25 billion, while retaining 15% equity in the combined company. Wells Fargo and Morgan Stanley & Co. LLC were financial advisers to Worldpay and Kirkland & Ellis LLP was legal adviser.

– WindRose Health Investors LLC invested in US-based diagnostics company Avalon Health Services LLC. Francisco Partners Management LP also made an additional investment. William Blair was financial adviser to Avalon. McDermott Will & Schulte LLP, Kirkland & Ellis and Davis Polk and Wardwell LLP were legal advisers to WindRose, Francisco Partners and Avalon, respectively.

– Arlington Management Employees LLC acquired engineering firm Pond & Co. Inc. from DC Capital Partners LLC. AEC Advisors and Stifel are financial advisers while Gibson Dunn and Morrison & Foerster are acting as legal advisers to Arlington.

– Symphony Technology Group LLC completed the acquisition of S&P Global Inc.'s enterprise data management and thinkFolio businesses. Barclays and Skadden Arps advised S&P Global.

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.