Middle-market dealmakers continue to focus on add-on transactions this week with deals largely focused on industrials and manufacturing. Elsewhere, the energy market saw a $2 billion exit, while private equity platform investments in the food sector signals continued strength for some pockets of the consumer goods market.

ICV Forms Desi Fresh Foods with Platform Investment. ICV Partners, a lower middle-market investment firm targeting the business services, consumer goods and services, food and beverage, and healthcare spaces, has announced the formation of food brand Desi Fresh Foods. The launch of the platform company follows ICV’s acquisition of Desi Natural and Noga brands from Raymundo’s Food Group, a portfolio company of AUA Private Equity Partners. Desi Fresh Foods produces South Asian food products including dahi and lassi. “We think there is considerable opportunity to bring Desi Fresh Foods products to more grocers in America,” said ICV managing director Qian Elmore in a statement.