Dutch private equity firm Waterland is reportedly preparing a higher offer for UK-listed telecommunications provider Gamma Communications, potentially setting up a bidding contest with rival sponsor Epiris, according to a report by the Sunday Times.

Thoma Bravo is exploring a potential sale of Foundation Software, a provider of software to the construction industry, in a process that could value the company at more than $2bn, according to a report by Reuters.

TPG-backed healthcare provider Asia OneHealthcare has confidentially filed for a potential initial public offering in Malaysia that could raise as much as MYR10bn ($2.5bn), according to a report by Bloomberg.

Thoma Bravo-owned Proofpoint is in discussions to acquire cybersecurity software provider Varonis Systems, according to a report by Reuters citing an unnamed person familiar with the matter.

KKR has agreed to acquire A1 Garage Door Service, a US provider of residential garage door repair and replacement services, in a transaction valued at around $2bn, according to a report by Reuters citing unnamed people familiar with the deal.

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.