Novo Holdings has inked its first Chinese medtech deal as it steps up its investment focus in Asia. The firm acquired a stake in Huizhou For You Medical Devices, a Chinese contract development and manufacturing organization specializing in advanced wound-care products. GL Capital, a Chinese private equity firm, will remain the majority shareholder. Amit Kakar, managing partner and head of Asia, stated that China, India and Southeast Asia are core target markets, with healthcare and planetary health as main focus areas. The transaction underlines Novo Holdings' conviction in China's role in delivering high-quality medical technologies.

Accel-KKR has agreed to acquire London-listed Eleco, a provider of software for the construction and built-environment sector. The deal takes the construction software business private, continuing Accel-KKR's strategic investments in vertical software.

Ambienta's Nordic water-infrastructure platform No Dig Alliance has acquired Horisonterra, a Swedish specialist in trenchless underground pipe installation. This marks the platform's fourth add-on since Ambienta took ownership in 2025, expanding its capabilities in underground infrastructure.