Private equity firms including Blackstone and Clayton, Dubilier & Rice are evaluating a potential approach for Magnum Ice Cream Company following a decline in the recently listed group’s share price, according to a report by Reuters citing unnamed sources familiar with the matter.

Thoma Bravo is exploring the sale of its majority stake in construction software provider Command Alkon, as investor appetite continues to build around sector-specific software businesses viewed as less exposed to artificial intelligence disruption, according to a report by Reuters.

Private equity investment in India has slowed sharply as global buyout firms grow more cautious amid elevated asset valuations, weakening macroeconomic signals, and geopolitical uncertainty affecting energy markets, according to a report by the FT.

Emergency medical services provider GMR Solutions, which is backed by private equity major KKR, has reduced the valuation target for its planned US initial public offering to approximately $3.3bn, underscoring continued investor caution with new equity listings, according to a report by Reuters.

Argosy Private Equity has completed its exit from InTech Aerospace, marking a realisation of its investment in the US-based aircraft maintenance, repair and overhaul (MRO) specialist focused on interior refurbishment services.

Apollo-managed funds have acquired a majority interest in Noble Environmental, a vertically integrated US waste management company, as the alternative asset manager continues to deploy capital into essential services and infrastructure-linked businesses.