Serruya Private Equity and Lion Capital acquire Global Franchise Group The company owns Great American Cookies, Round Table Pizza and other retail food brands. It oversees about 1,500 franchised and corporate locations, mostly in North America, Latin America and Asia. Read more.

21 Invest France reaches final close on its fifth fund of €230m 21 Invest France will continue to fund businesses within the health, digital/technology, business services and consumer/leisure sectors valued between €50m and €200m. Read more.

California-based Vagaro raises $63m The growth round was led by private equity firm FTV Capital. Vagaro is a cloud-based management platform for the salon, spa and fitness industries. The company will use the funds to expand its geographic footprint. Read more.

Mayfair Equity Partners to make bid on UK ferry operator Wightlink Mayfair is among a number of potential buyers in talks with Wightlink. The company operates the ferry service between Hampshire and the Isle of Wight. For the year ending in March 2017, it made revenues of nearly £64m. Read more.

Private equity firm Ardian targets €6bn for latest fund This is set to be the firm's largest fund in its more than 20-year history. Ardian manages assets worth $71bn in Europe, North America and Asia, its portfolio includes companies in consumer goods, transport, healthcare and energy. Read more.

KKR is prepared to invest in Singapore luxury lifestyle retailer, V3 The private equity firm is committed to invest up to $366.6m in leading specialty retailer V3 Group. The company has a presence in over 100 cities in 26 different countries around the world. Read more.