Swedish private equity firm EQT AB has initiated a sale process for a significant minority stake in the Italian unit of digital infrastructure operator Radius Global Infrastructure, according to a report by Bloomberg citing sources familiar with the matter.

Despite commitments by heavyweights such as Blackstone and Apollo Global Management to deploy hundreds of billions across Europe over the coming decade, the near-term outlook for private equity buyouts remains uncertain, according to a report by Bloomberg.

Shore Capital Partners, the Chicago-based private equity firm founded by billionaire Justin Ishbia, has closed its third dedicated food and beverage fund at $450m, targeting investments in companies generating $5m to $100m in annual revenue, according to a report by Bloomberg.

AustralianSuper, Australia’s largest pension fund, is accelerating its private equity exposure with plans to onboard four new private equity managers by year-end, according to a report by Bloomberg citing Chief Investment Officer Mark Delaney.

Vista Equity Partners has fully exited its investment in event software company Cvent, selling its remaining minority stake to Blackstone in a $1.3bn deal. The transaction finalises Blackstone’s ownership of Cvent following its $4.6bn take-private acquisition in 2023.

Iconic BrandCo, an affiliate of mid-market private equity investor Oakley Capital, is investing in premium lifestyle brands Smythson of Bond Street, Fornasetti, and Fabbrica Pelletterie Milano (FPM), complementing its existing investments.

Global investment firm KKR is to acquire ProTen, one of Australia’s largest broiler chicken growers, from Aware Super, according to a joint statement released on Wednesday. Financial terms of the transaction have not been disclosed.

Warner Music Group and private investment major Bain Capital have launched a new $1.2bn joint venture aimed at acquiring music catalogues across both recorded music and publishing rights, the companies announced in a statement on Tuesday.