Arctos Partners, the sports-focused investment platform acquired by KKR earlier this year, has partnered with RVX Ventures and Magellan Development Group to develop mixed-use entertainment districts adjacent to sports venues, according to a report by Bloomberg, beginning with a $288m project at the University of Tennessee.

Stada is exploring a potential acquisition of Cooper Consumer Health from its private equity owners in a deal that could value the business at around €6bn, according to a report by Bloomberg citing people familiar with the matter.

Global deal activity declined in the first five months of 2026, with the combined number of mergers and acquisitions, private equity transactions and venture capital deals falling by around 7% year-on-year, according to data from GlobalData.

US accounting firm Eide Bailly has agreed to sell a majority stake to private equity firm Reverence Capital Partners in a deal valuing the business at around $1.8bn, as investor interest in the accounting and professional services sector continues to grow, according to a report by the Wall Street Journal.

Private equity firm Pollen Street Capital has agreed to acquire the Universal Banking (UB) division of financial software provider Finastra, marking another step in the ongoing reshaping of the lender-facing banking technology market, according to a report by Reuters.

New York-based private equity investor MSP Sports Capital has acquired a majority stake in New Zealand’s SailGP team, the Black Foils, further extending its sports portfolio and marking another step in the continued commercialisation of the sailing league, according to a report by Reuters.

Bahrain-based alternative asset manager Investcorp has agreed to acquire a majority stake in UK-based facilities management company Smart Managed Solutions, in a deal valued at more than $200m, according to people familiar with the transaction.