Bill Chisholm, co-founder and managing partner of California-based private equity firm STG Partners, has secured NBA approval to acquire a controlling stake in the Boston Celtics in a transaction valuing the franchise at $6.1bn, according to a report by Reuters.

Francisco Partners is exploring a sale of BeyondTrust Software, the privileged access management (PAM) specialist it has backed since 2018, in a potential mult-ibillion dollar transaction, according to a report by Bloomberg citing unnamed people familiar with the matter.

Apollo Global Management has agreed to acquire German cooling equipment manufacturer Kelvion from Triton Partners in a deal valuing the business at around €2bn, including debt, according to a report by Bloomberg.

The owners of aland Health Holding, including private equity firms including Affinity Equity Partners and Goldman Sachs Capital Partners, are preparing to sell their combined controlling stake in a deal expected to value the company at over $1.5bn, according to a report by Reuters.

General Catalyst has led a $74m funding round for Titan, a newly formed holding company aiming to acquire and modernise IT services providers by embedding artificial intelligence into their operations, according to a report by the Wall Street Journal.

Primary Health Properties has secured 62.9% shareholder acceptance for its £1.9bn ($2.4bn) cash-and-stock takeover of UK healthcare real estate investor Assura, ending a months-long bidding battle with US private equity group KKR, according to a report by Reuters.

IK Partners has signed an agreement to invest in Francks Kylindustri Nordic provider of installation and maintenance of commercial and industrial refrigeration systems through its X Fund.