News in brief: L&G Ventures buys Total Fitness

Legal & General Ventures has acquired Total Fitness, a health centre operator in the UK, through a management buy-out. LGV's existing leisure investments include Vue cinemas, Molifor casinos and Clubhaus. LGV, a UK mid-market private equity specialist, was advised by Hawkpoint and its banker was Barclays.

Phoenix Equity buys Palletways from 3i

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire