Verlinvest and Felix Capital among those to back $33.7m funding round for food startup Frichti Existing investors Alven Capital and Idinvest Partners also participated in the funding round for the French business. Frichti will use the funding to expand beyond Paris to other European cities. Read more.

Wise sells menswear brand Boglioli to PHI Industrial Acquisitions Wise, an Italian mid-market private equity firm, has sold its 97% stake in the fashion business. Boglioli is understood to have debts of €15m and had revenues of €24m in 2015. Read more.

Endless planning float or sale of retailer The Works The private equity firm has hired Investec to begin preparing either a listing or sale for next year, according to The Times. Endless bought The Works out of administration in 2008. Read more.

Spice Private Equity invests £25m in food chain Leon The deal is set to make Spice the largest shareholder in Leon. Spice board member Fersen Lambranho said the investment would go towards supporting Leon's international expansion, which could include opening sites in the US. Read more.

Blackstone-backed hotel operator La Quinta reportedly considering a sale As part of the sale process, the US budget hotel chain is planning to place its real estate business into a publicly listed real estate investment trust, while keeping its franchise and management operations. Read more.

Ares Management to acquire haircare brand DevaCurl from Tengram Capital Partners The deal is thought to be worth between $250m and $300m and marks Ares' first move into the beauty sector. Tengram has backed the business since 2013. Read more.