Sovereign Capital exits Knovia Group; Francisco Partners to sell Kobalt Music

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

– Sovereign Capital Partners LLP sold vocational training program operator Knovia Group Ltd. to professional education services provider Eureka Education SAS.

– Francisco Partners Management LP agreed to sell independent music publisher Kobalt Music Group Ltd. to Primary Wave Music Publishing LLC. The transaction includes an investment from Brookfield Asset Management Ltd. Goldman Sachs & Co. LLC was financial adviser.

– OEP Capital Advisors LP completed its acquisition of food and drink wholesale distributor Kitwave Group PLC.

– AEA Investors LP's growth buyout strategy, AEA Elevate, invested in Trinamix Inc.

– Diversis Capital LLC acquired LTi Technology Solutions, a software developer for equipment finance. KeyBanc Capital Markets was financial adviser to LTi.

– Heights Capital Management, Inc. is set to sell biometrics company Fingerprint Cards AB (publ) to Precise Biometrics AB (publ), according to S&P Global Market Intelligence data.

– Morgan Stanley- and Highland Europe (UK) LLP-backed plant-based food products manufacturer Huel Ltd. sold for $1.16 billion to Danone SA.

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.