Europe

Noro-Moseley Partners has raised $180m for final close of its eighth private equity fund, as it continues its investment strategy of backing American businesses in the IT and healthcare sectors.

Specialist resources private equity firm EMR Capital is looking amass $1.3bn for its third private equity fund.

US-based private equity firm Catalyst is looking to raise $150m for a new real estate fund, aiming to take advantage of tax incentives for investing in underserved communities.

Californian VC Hustle Fund is looking raise up to $50m for its sophomore venture fundraise, just eight months after the final close of its maiden vehicle.

European private equity house PAI Partners has entered into exclusive talks to sell budget hotel chain B&B Hotels to Goldman Sachs’ Merchant Banking Division.

New Mountain Capital’s long-held portfolio company Avantor has raised $3.8bn in its initial public offering after almost a decade of private ownership.

Financial services investor Lovell Minnick Partners has agreed to sell construction industry and insurance claim management business JS Held to fellow private equity firm Kelso & Co.

Materials, chemicals and pharma-focused SK Capital Partners has brought in Ben Dillon as a managing director focused on fundraising and IR, three months after closing a $2.1bn fund.

Mid-market UK buyout house Bowmark Capital has agreed to sell insurance broker Aston Lark to the private equity division of Goldman Sachs.

Singapore sovereign fund GIC has picked up a minority stake in WaterBridge Resources from private equity house Five Point Energy in a deal valuing the oilfield water services business at about $2.8bn.