Good evening,

Christian Jensen and Jonathan Pearce’s CVC Emerging Companies is on the move.

Street Talk understands the $120 million private equity firm has taken a minority stake in Australian business Boost Media alongside former Seven West Media chief executive James Warburton.

This represents the final investment from CVC’s $85 million Fund II which also holds stakes in ethical superannuation and investment business Future Super, online home loan platform Lendi and IPO hopeful Mason Stevens. Warburton will become a strategic partner on the Boost Media investment representing CVC which now has a 30 per cent stake in the company.

The private equity shop is also seeking to retire the CVC Emerging Companies brand, relaunching its business as 248 Growth Partners. Under the new banner, 248 Growth Partners will raise its third and largest fund to date, a $150 million investment fund seeking to invest in founder-led Australian growth companies. Efforts are expected to kick off over the next six months.

Read the full story tomorrow and more on the Street Talk page.

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Healius has agreed to sell its Lumus radiology business to Allier Capital and Gilbert + Tobin-advised pan-Asian buyout group Affinity Equity Partners for north of $900 million.

Australian shares scaled another record high on Friday, tracking a global wave of optimism that the US Federal Reserve will deliver a much-hoped-for soft landing for the world’s largest economy.

Click here for the latest equity market wrap.