IDP Education, the Australian education and testing company that co-owns the IELTS English-language examination, has rejected a sweetened AUD695m takeover proposal from Blackstone, according to a report by Reuters.

Tikehau Capital is facing competition from industry buyers in its efforts to take control of Italian bottle-cap manufacturer Tapí Group, with two strategic bidders having submitted offers and a third preparing a proposal, according to a report by Bloomberg citing unnamed people familiar with the situation.

Carlyle Group is preparing for a potential initial public offering of its Indian auto-parts platform Highway Roop Precision Technologies that could raise up to $400m, according to a report by Bloomberg citing unnamed people familiar with the plans.

Australia-listed land-lease community operator Ingenia Communities Group has rejected an improved AUD2.06bn (€1.47bn) cash takeover proposal from private equity firm Warburg Pincus, saying the offer continues to undervalue the business, according to a report by Reuters.

The NBA is changing its rules governing private equity investment in franchises, clearing a potential regulatory hurdle for the proposed $12.5bn acquisition of the Los Angeles Lakers by Joshua Kushner and Bob Iger, according to a report by Bloomberg.

Shareholders in DCC Energy have approved a more than £5.7bn takeover by private equity firms KKR and Energy Capital Partners (ECP), clearing a key hurdle for one of the UK’s longest-running private equity-led M&A processes this year, according to a report by Bloomberg.

Blackstone is preparing to sell the Asian operations of events organiser Clarion Events as the private equity firm looks to restart a broader disposal of the business, according to a report by Bloomberg citing unnamed people familiar with the matter.