Global deal-making and financing activity is set to rebound in 2025 following a challenging year as easing interest rates spark optimism across industries, according to new research by financial and corporate services provider Ocorian.

TPG has led a $2bn secondary investment in Veeam Software, a global specialist in data resilience solutions, alongside investors Temasek, Neuberger Berman Capital Solutions, and others, valuing the business at $15bn, according to a report by Alternatives Watch.

OMERS Private Equity, the PE investment division of the $95.2bn Ontario Municipal Employees Retirement System, has agreed a deal to acquire Integris, a fast-growing IT managed service provider (MSP), from Chicago-based Frontenac Company for an undisclosed amount.

Exit activity will pick up as financing conditions ease and dealmakers turn increasingly bullish in 2025, private equity provider Moonfare predicts, with company’s analysts having identified ten key trends to look out for next year.

Carlyle Group, along with co-investors King Street Capital Management and Davidson Kempner Capital Management, is reportedly considering a renewed sale of Trans Maldivian Airways Pvt (TMA), the world’s largest seaplane operator, according to a report by Bloomberg.

UK mid-market private equity investor Livingbridge has made an investment in Kindred Education Limited (Kindred), a provider of early years education for children aged 0-5 years, through its Enterprise 3 Fund.

Private equity giant Carlyle Group is pursuing at least AUD500m ($324m) in debt financing to support its acquisition of Waste Services Group, an Australian waste management firm, from Livingbridge EP, according to a report by Bloomberg.