Turn/River has agreed to acquire Starlims from Francisco Partners. The deal, reported by PE Hub, sees the private equity firm sell a portfolio company to a rival software investor. Financial terms remain undisclosed. Starlims provides laboratory information management systems, a critical tool for regulated testing environments.

This transaction continues a brisk pace of M&A activity in the technology sector. Francisco Partners originally purchased Starlims from Abbott Laboratories in 2017. Turn/River typically pursues growth equity and buyout deals, often focusing on founder-led businesses. The firm looks for companies with strong recurring revenue and room for operational scaling.

Meanwhile, Arctos Sports Partners is preparing to launch its third sports fund. The firm, known for buying stakes in major league franchises, aims to raise fresh capital for team investments. This move signals continued institutional appetite for sports assets. It also highlights how specialized funds are reshaping team ownership models.