Global private equity firms Blackstone and Bain are reportedly in the final stages of bidding for Mitsubishi Tanabe Pharma, a subsidiary of Japan’s Mitsubishi Chemical Group, in a deal expected to be valued between $3bn and $3.5bn, according to a report by Reuters.

British banknote printer De La Rue is in discussions with private equity firm Disruptive Capital GP and pension fund manager Pension SuperFund Capital, collectively known as PSFC Entities to sell up to 40% of its equity, according to a report by Reuters.

Private equity activity is on track to match or exceed 2023 levels, despite a challenging year, with deal-making reaching 69% and 74% of last year’s volume and value, respectively, by Q3, according to a new report by Preqin.

Private equity firm Bain Capital has made a non-binding, all-cash offer to acquire Australian wealth manager Insignia Financial that values the 178-year-old company at AUD2.67bn ($1.70bn), according to a report by Reuters.

Private equity firm Sycamore Partners is in discussions with retail pharmacy giant Walgreens Boots Alliance about a potential deal that could take the company private as early as next year, according to a report by The Wall Street Journal.

Broad Sky Partners, a PE firm focused on middle market companies providing services to business and consumer end markets, has made a strategic investment in Frontline Managed Services, a provider of outsourced solutions for the legal and professional services sectors.