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The British Business Angels Association announced Wednesday the launch of a new 50 million pound ($78.6M) angel co-investment fund. The Angel CoFund will invest alongside Business Angel syndicates across England. The fund is administered with the support of Capital for Enterprise Limited and set up with a grant from the Regional Growth Fund, the association said in a written statement.

Maxim Partners has acquired Pipe Maintenance Inc., a Texas-based provider of inspection, repair, maintenance and asset management services for oilfield services companies and drilling contractors. Terms of the deal were not released. Maxim is a Chicago-based private equity firm. PRESS RELEASE Maxim Partners, LLC announced the acquisition of Pipe Maintenance, Inc. (“PMI” or the “Company”) […]

TSG Consumer Partners has closed its sixth fund, TSG6 L.P., with $1.3 billion in commitments, the firm announced Wednesday. San Francisco-based TSG Consumer Partners focuses on investments in middle-market consumer companies in sectors spanning food, beverage, personal care and household products.

Buyout shop Triton has hired Deutsche Bank and Handelsbanken to advise it on a sale of portfolio company Bravida, which provides installation services for buildings and plants, Reuters reported Wednesday. The company could fetch an estimated $1 billion. Triton, which focuses on companies in the Nordics and in German-speaking parts of Europe, bought Bravida at the end of 2006, Reuters wrote.

Middle-market private equity shop Gryphon Investors has completed its acquisition of Trinity Consultants. Terms of the deal were not released. Trinity is a Dallas-based provider of air quality compliance and permitting services. Gryphon Investors is based in San Francisco. As part of the deal, NXT Capital announced Wednesday that it provided a $45 million senior credit facility to fund the acquisition.

StepStone Group is acquiring the funds management business of Parish Capital Advisors, a private equity investment manager with $2 billion under management, the firms announced Wednesday. Terms of the acquisition, which is expected to close in January, were not released.

Sun Country Foods, a newly formed portfolio company of Brynwood Partners, has acquired the Kretschmer wheat germ brand and manufacturing facility from The Quaker Oats Company, the firm announced Wednesday. Terms of the deal, which closed Tuesday, were not released. Sun Country Foods will be headquartered in Boston.

Adobe Systems has acquired Efficient Frontier, a venture-backed maker of multi-channel ad buying and optimization software. Terms of the deal were not released. Efficient Frontier was funded by investors including Redpoint Ventures and Cambrian Ventures.

Buyout firm Warburg Pincus has bolstered its team, adding former McAfee Inc. technology boss George Kurtz as an executive-in-residence, Reuters reported Wednesday. Kurtz resigned as worldwide chief technology officer at McAfee last month. He had been with the Internet security firm since 2004, when Foundstone Inc., an IT security solutions provider that he led, was acquired by McAfee, Reuters wrote.

Private equity backed NewNet Communication Technologies is acquiring a business unit from Nokia Siemens Networks, Reuters reported Tuesday. Financial terms of the deal were not released. NewNet is owned by California-based private equity firm Skyview Capital.