H2 makes investment in The Coach Travel Group H2 Equity Partners has taken a stake in The Coach Travel Group, the parent company of seven UK regional coach operators. As part of the deal, the operators will merge to form a national group providing unscheduled coach trips. Read more.

Teladoc Health names Chuck Divita as new CEO Charles “Chuck” Divita is joining the virtual care company from GuideWell, a healthcare insurance and services company. He will take up his post immediately. Read more.

KKR to take $850m stake in Quick Quack Car Wash The global private equity giant has agreed to buy a significant minority stake in the US car wash business Quick Quack Car Wash, which has 230 locations in the US. The move is the latest in a string of private equity deals in car washes. Read more.

Blackstone finalises purchase of Tropical Smoothie Cafe The private equity giant has completed the acquisition of Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. Terms of the transaction were not disclosed. Read more.

TDR Capital becomes majority owner of Asda TDR Capital, which first bought the business alongside the Issa brothers in 2021, has become the largest shareholder in Asda. The private equity firm has bought Zuber Issa’s share in the business. Read more.

Nordic Capital sells football retailer Unisport to R-GOL The Nordic private equity firm has sold the Denmark-based football retailer Unisport to R-GOL for an undisclosed sum. R-GOL is backed by Innova Capital, and is a merchandise distributor. Read more.