H.I.G. Capital buys Inventus Power; Smile Invest exits 4ITEGO Group

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

– H.I.G. Capital LLC acquired battery manufacturer Inventus Power Inc.

– Smile Invest NV sold engineering software company 4ITEGO Group NV to digitalization solutions company MAIT GmbH.

– BD-Capital Partners Ltd. invested in aviation data analytics company IBA Group Ltd. KPMG and PwC were financial advisers and Stephenson Harwood was legal adviser to BD-Capital. Raymond James and 8Advisory were financial advisers and Squire Patton Boggs was legal adviser to IBA Group and TPA Capital.

– Nivora Group acquired beauty brand Aavrani Inc.

– Cerberus Capital Management LP is set to acquire specialty lender Lendco Ltd. from Cabot Square Capital LLP and Lendco Finance Ltd.

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.