Fortress buys IPValue; Periscope backs Amusement Connect

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

– Fortress Investment Group LLC acquired intellectual property licensing company IPValue Management Inc.

– Periscope Equity LLC invested in game payment solutions platform Amusement Connect

– Straylight invested in loyalty software provider Patron Points Inc. Hennepin Partners was financial adviser to Patron Points.

– DUBAG Investment Advisory GmbH agreed to acquire JTEKT Corp.'s automotive business serving European original equipment manufacturers, including seven consolidated subsidiaries: Jtekt Europe SAS, JTEKT Column Systems France SAS, JTEKT Czech Republic SRO, JTEKT Automotive Morocco SAS, JTEKT TORSEN HOLDINGS SA, JTEKT Torsen Europe SA and JTEKT Torsen North America Inc.

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.