Soundcore sells InfraStripe to Frontline; Hg Capital increases stake in IFS

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

– Soundcore Capital Partners LP sold US roadway safety company InfraStripe Holdings LLC to Frontline Road Safety Group LLC. Stephens Inc. was InfraStripe's financial adviser and Kirkland & Ellis LLP was its legal adviser.

– HgCapital LLP increased its stake in Swedish enterprise software provider Industrial and Financial Systems IFS Aktiebolag, while Abu Dhabi Investment Authority and Canada Pension Plan Investment Board acquired minority stakes in the company from EQT AB (publ) and TA Associates Management LP. Arma Partners was IFS' financial adviser and White & Case was its legal adviser. Evercore was EQT's financial adviser and Morgan Stanley & Co. plc was Hg's financial adviser and Skadden was its legal adviser.

– OpenGate Capital LLC agreed to sell Canadian gaming equipment distributor Player One Amusement Group Inc. to Genda Inc.

– TPG Capital LP agreed to acquire a majority stake in Australian disability support services provider Five Good Friends.

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.