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KPS closes acquisition of Crane Composites; investor group sells Arbelos Markets

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Deal Wrap is updated as of 3 p.m. ET.

– KPS Capital Partners LP completed its previously announced acquisition of engineered materials business Crane Composites Inc. from Crane Co.

– Arbelos Markets Inc., a derivatives trading firm backed by Dragonfly Capital, Room40 Management LLC, FalconX, Polygon Ventures and Breed VC LLC, was acquired by FalconX Delta Inc.

– Asia PropTech-backed Unissu Ltd, a property technology marketplace platform, was acquired by Kerfuffle Consultancy Ltd., according to S&P Global Market Intelligence data.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.