Ardian is exploring a potential sale of Swissbit, the Swiss provider of industrial storage and data security products, in a process that could value the business at several billion dollars, according to a report by Bloomberg citing unnamed people familiar with the matter.

Brookfield Asset Management has made a proposal to acquire Australian plumbing products manufacturer Reliance Worldwide Corporation in an all-cash transaction valuing the company at approximately AUD4.1bn ($2.9bn), according to a report by Bloomberg.

Silver Lake is exploring a potential acquisition of Workday that could value the cloud software provider at more than $50bn, according to a report by Reuters citing unnamed people familiar with the discussions.

Thoma Bravo has agreed to acquire insurance marketplace Accelerant in an all-cash transaction valued at more than $4bn, taking the company private just over a year after it floated on the New York Stock Exchange, according to a report by Reuters.

Asian private equity firm Trustar Capital is closing in on an agreement to acquire Lingxi Games, the video game division of Alibaba Group, in a transaction that could value the business at more than $1.5bn, according to a report by Bloomberg.

EQT has increased its offer for Japanese price comparison platform Kakaku.com to JPY3,570 per share, escalating a closely fought takeover contest with Bain Capital and LY Corp, according to a report by Bloomberg.

Bob Iger and Josh Kushner have agreed to acquire the Los Angeles Lakers in a $12.5bn deal, setting a new record for the price paid for a sports franchise, according to a report by the Financial Times.