Shares of Australia’s Insignia Financial surged to a three-year high on Monday as the bidding war intensified, with Bain Capital increasing its offer to AUD 2.87bn ($1.76bn), aligning with the rival bid from CC Capital, according to a report by Reuters.

Direct lenders, including Antares Capital, Blue Owl Capital, and KKR, are preparing to assume control of insurance claims manager Alacrity Solutions, marking the latest restructuring within the private credit market, according to a Bloomberg report citing sources familiar with the situation.

Warburg Pincus is exploring strategic options for its portfolio company Modernizing Medicine, which could include a sale in a deal valued at over $5bn, including debt, according to a report by Reuters citing unnamed sources familiar with the matter.

Private investment giant Blackstone, in partnership with smaller investors, is acquiring a majority stake in Citrin Cooperman, a US accounting firm, in a deal that values the company at over $2bn, according to a report by the Financial Times.

AI startup Anthropic is planning to raise an additional $2bn in a funding round led by Lightspeed Venture Partners that values the business at $60bn, according to a report by Reuters citing unnamed sources familiar with the deal.

Keyhaven Capital Partners has partnered with Miura Partners and Evolve Healthcare Partners to support their acquisition of HealthTech BioActives, a global specialist in natural ingredients and active pharmaceutical production.

HBX Group, the Spanish travel technology company known for its Hotelbeds brand and backed by private equity firms Cinven, EQT, and Canadian pension fund CPP Investments, is gearing up for a €1bn initial public offering in the coming weeks, according to a report by Reuters.