Apax Partners is lining up around €1bn of leveraged debt financing to support its acquisition of two businesses from German packaging specialist Gerresheimer, according to a report by Bloomberg citing unnamed people familiar with the transaction.

Private equity firm Yellow Wood Partners has agreed to acquire a portfolio of mainstream vitamins, minerals and supplements brands from Swiss consumer good giant Nestle, according to a report by Reuters.

US private equity firm Veritas Capital has agreed to acquire UK-listed engineering specialist Bodycote for approximately £1.65bn, after increasing its offer to move ahead of rival bidder CVC Advisers, according to a report by Bloomberg.

UK private equity firm Epiris has agreed to acquire telecommunications company Gamma Communications in a transaction valuing the business at approximately £1.08bn, according to a report by Reuters.

Italy’s Lottomatica is set to absorb Spanish gaming and betting operator Cirsa in an all-share merger that will see Blackstone roll its existing investment in Cirsa into the enlarged group, according to a report by Reuters.

KKR is set to generate a $3.3bn gain from the sale of USI Insurance Services to Aon in a $17bn transaction, marking another sizeable realisation for the private equity firm as deal activity and exit markets begin to improve, according to a report by Bloomberg.

Apollo-managed funds have agreed to sell thermal management specialist Kelvion to energy technology group SLB for approximately $4.1bn, including $3.4bn in cash and the assumption of around $700m of debt.

Private aviation group Vista Global Holding, which is backed by private equity firm RRJ Capital, is exploring a European initial public offering that could raise more than $1bn and value the business at over $10bn, according to a report by Bloomberg.

Apollo and KKR have formed a strategic partnership around Atlantic Aviation, with Apollo-managed funds acquiring a significant stake in the US private aviation infrastructure business at a valuation of nearly $10bn.