Swedish accounting software firm Fortnox has received a joint cash offer from its largest shareholder First Kraft and private equity giant EQT, valuing the company at SEK55bn Swedish crowns ($5.51bn), according to a report by Reuters.

Blackstone’s ISN Software is exploring strategic options, including a potential sale of the business, which could value the compliance software company at $6bn or more, including debt, according to a report by Bloomberg citing sources familiar with the matter.

A consortium led by global sustainable infrastructure investor Actis has successfully acquired a 100% stake in Swiftnet, a prominent telecom tower platform in South Africa, from Telkom, for an enterprise value of approximately $370m.

WHSmith’s iconic brand is to disappear from UK high streets after more than two centuries, after Modella Capital agreed a deal to acquire its portfolio of around 480 retail outlets, along with a support centre in Swindon, according to a report by Bloomberg.

FCA-regulated non-bank lender Level has raised £105m in a combination of equity from Capricorn Capital and a senior secured facility from Pollen Street Capital, strengthening its position as the UK’s leading specialist lender for probate and family law financing.

Private equity firms, including PAI Partners and Bain Capital, are evaluating potential bids for Nestlé’s water business, which could be valued at €5bn ($5.38bn) or more, according to a report by Reuters.

Global investment firm KKR is in advanced discussions to acquire Japanese medical equipment manufacturer Topcon, according to a report by Reuters citing sources familiar with the matter.