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

– L Squared Capital Partners acquired US industrial lubricants manufacturer Kano Laboratories LLC from Gryphon Investors Inc. Skadden Arps Slate Meagher & Flom LLP were L Squared's legal advisers, and BMO Capital Markets was its financial adviser. Kirkland & Ellis LLP was Gryphon and Kano's legal adviser. BMO and Houlihan Lokey were Gryphon's financial advisers.

– Align Capital Partners LP acquired US-based IT services provider ISPN Network Services. McGuireWoods was Align Capital's legal adviser. Stephens Inc. was ISPN's financial adviser and Alston & Bird was its legal adviser.

– Novo Holdings A/S acquired US pharmaceutical products developer Catalent Inc. for $16.5 billion. Citi and J.P. Morgan were Catalent's financial advisers, and Skadden Arps Slate Meagher & Flom LLP and Jones Day were its legal advisers. Morgan Stanley & Co. LLC was Novo Holdings' financial adviser, and Goodwin Procter LLP and Linklaters LLP were its legal advisers.

– Cypress Growth Capital LLC sold US-headquartered financial software developer PFA Solutions LLC to Allvue Systems LLC. Janney Montgomery Scott LLC was Allvue's financial adviser.

– FVS SGR SpA agreed to sell Italian infrastructure engineering firm IQT Consulting SpA to Accenture PLC.

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.