Private investment major Blackstone and activist hedge fund Donerail are among the investment firms competing in the final round of bidding for US yacht retailer MarineMax, according to a report by Reuters citing unnamed people familiar with the matter.

Bain Capital has agreed to acquire British vitamins and supplements company Vitabiotics, in a transaction that values the business at approximately £900m, according to a report by Bloomberg citing unnamed people familiar with the matter.

KKR is preparing to gradually sell its investment in Taiwanese chemical manufacturer LCY Group, according to the company’s chairman, as the family-controlled business looks to accelerate growth in semiconductor materials, according to a report by Bloomberg.

Brookfield Asset Management has agreed to acquire battery storage developer Aypa Power from Blackstone for approximately $7bn including debt, as investors target energy infrastructure expected to benefit from the rapid expansion of AI and data centres.

Permira-backed fashion brand Reformation is seeking a valuation of up to $1bn through a US initial public offering, offering the private equity firm a potential partial exit and a public-market test of its investment in the sustainable womenswear retailer, according to a report by Reuters.

Private equity firms are increasingly targeting Italy’s family-owned industrial companies as investors seek businesses with physical assets, specialist manufacturing capabilities and lower exposure to disruption from artificial intelligence according to a report by Bloomberg.

Brookfield Asset Management and CPP Investments have agreed to acquire US industrial real estate investment trust LXP Industrial Trust in an all-cash transaction valued at approximately $5.2bn, according to a report by the Wall Street Journal.

Truelink Capital is close to acquiring US food ingredients and beverage manufacturer Lyons Magnus in a transaction valuing the business at around $1bn, including debt, according to a report by the Wall Street Journal.