Bahrain-based alternative asset manager Investcorp has agreed to acquire a majority stake in UK-based facilities management company Smart Managed Solutions, in a deal valued at more than $200m, according to people familiar with the transaction.

Swedish private markets firm EQT AB has acquired Berlin-based space services company Exolaunch, marking its first investment in the space sector and underscoring continued private equity appetite for orbital infrastructure and launch-enabling technologies, according to a report by Reuters.

Buyout firm Lone Star Funds has moved into pole position to acquire ContiTech, the industrial components division of Continental AG, according to a report by Bloomberg citing unnamed people familiar with the matter, as the German group advances its multi-year restructuring plan.

Investment firm Hillhouse Investment Management is in discussions with banks to secure around $600m in debt financing to support its continued investment in data centre operator DayOne Data Centers Ltd, according to a report by Bloomberg.

Private equity firm Arcline Investment Management has agreed to acquire and take data visualisation and printing technology company AstroNova Inc private in a transaction valued at approximately $272m, according to a report by the Wall Street Journal.

Global private equity and venture capital investment in amateur sports is on track for another year of expansion in 2026, supported by rising deal activity and continued interest in a fragmented, fast-growing segment of the sports economy, according to S&P Global.

Bain Capital is poised to realise one of the largest profits in private equity history after its long-held investment in Japanese memory chipmaker Kioxia surged in value amid the global artificial intelligence boom, according to a report by the Financial Times.