Platinum Equity to sell Heat Controller; Nordic Capital acquiring Liberis

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

– Platinum Equity LLC agreed to sell Heat Controller Inc., a supplier of heating, ventilation and air conditioning equipment, to Lennox International Inc. The divestiture represents Platinum Equity's final exit of its investment in HVAC distributor Motors & Armatures Inc. O'Melveny & Myers LLP is legal adviser to Platinum Equity.

– Business Growth Fund Ltd. invested in Wild Frontiers Adventure Travel Ltd.

– Nordic Capital agreed to acquire embedded finance platform Liberis Ltd. and merge it with portfolio company Qred Företagslån AB, a digital bank for small businesses. Perella Weinberg was financial adviser to Qred and Nordic Capital. Bank of America Europe DAC was financial adviser to Nordic Capital.

– EQT AB (publ) acquired Exolaunch GmbH, a satellite launch and deployment technology company, from founder Dmitriy Sternharz. Milbank LLP was legal adviser for EQT. Goldman Sachs Bank Europe SE was financial adviser and DLA Piper UK LLP was legal adviser for Dmitriy Sternharz.

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