Delays in the auction process for Subway have prompted US buyout firm Advent to stop working on a potential deal to acquire the sandwich chain, according to a report by Bloomberg, citing unnamed sources familiar with the matter.

Investment banks and advisory firms are cautiously optimistic that markets will modestly revive through the second half of 2023, despite the current economic uncertainty, with 58% of senior executives expecting only a mild dip in business opportunities, according to a survey by Acuity Knowledge Partners.

Tiger Global, the hedge fund firm founded by Chase Coleman in 2001, has built a big stake in private equity group Apollo Global as the firm pivots from the technology investments that have been its stock-in-trade in recent years, according to a report by The Financial Times. The report cites

Private investment firm Rcapital has completed the acquisition of the Leicester-based aerospace and power generation business of Bromford Group, which was placed into administration in March and has continued trading while a buyer has been sought.   Chris Pole and Ryan Grant of Interpath Advisory were the appointed administrators. Rcapital’s

Arlington Capital Partners, a Washington, DC-based private equity firm, has acquired Integrated Data Services, a provider of software and technology-enabled support and development for US federal government customers.

Global private investment firm KKR is to acquire a majority stake in LEAP India, a provider of a wide range of supply chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance.