Craigs Investment Partners, a New Zealand wealth management firm, has reached a conditional agreement with global private equity firm TA Associates for a strategic investment.

China’s WuXi AppTec subsidiaries have entered into an agreement with US-based private equity firm Altaris to sell its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, for an undisclosed amount, according to a report by Reuters.

Private equity funds have cashed out only half the typical value of investments they usually sell in 2024, marking the third consecutive year of reduced payouts due to a lack of deals, according to a report by the Financial Times.

TPG’s climate investment division is reportedly in negotiations to acquire Altus Power, a company that supplies solar energy to commercial property owners and residential homes, according to a report by Reuters citing sources familiar with the matter.

SK, the holding company of South Korea’s second-largest conglomerate, SK Group, plans to sell a stake worth KRW2.7tn ($1.86bn) in its specialty gas manufacturing subsidiary, SK Specialty, to the local private equity firm Hahn & Company, according to a report by Reuters.

MetLife Investment Management, a subsidiary of US insurer MetLife, has reached an agreement to acquire PineBridge Investments, a global asset management firm, from Pacific Century Group in a deal valued at up to $1.2bn, according to a report by Reuters.

Wingstop UK has sold a majority stake in its business to the US-based private equity firm Sixth Street, according to a report by Yahoo Finance.