Powering up: Shorehill Capital forms electric utilities supplier

Functional Devices is a provider of field devices used in building automation and emergency lighting systems.

Taylor Swift asked Carlyle help her to secure ownership of six albums she recorded. Nike, McDonald's and others wield IoT to enhance customer experiences in the first installment of Mergers & Acquisitions' weekly 7-part series on retail technology M&A. Leonard Green, Shorehill, Cerberus involved in deals. Update on dealmaking in October.

Stellex backs auto parts distributor Fenix Parts; Shore Capital buys Hulin Health; Arsenal invests in Fralock; C-suite execs predict improvement in global M&A.