BizLink Holding Inc has agreed to acquire Interplex Datacom from Blackstone Inc in an $850m cash transaction, marking a strategic expansion for the Taiwanese industrial and technology group into advanced connectivity solutions, according to a report by Bloomberg.

Sentinel Capital Partners, a private equity firm that invests in promising mid-market companies, has sold NSI Industries, a manufacturer and supplier of branded electrical products, to Hubbell Incorporated for $3.0bn

Private equity investors Warburg Pincus and KKR are each assessing potential divestments of their UK broadband fibre businesses, in a move that will test continued investor appetite for the country’s challenged “altnet” sector, according to a report by the Financial Times.

Apollo Global Management has led a $35bn initial capital solution for a new AI infrastructure platform developed with Broadcom, in partnership with Blackstone and a syndicate of global banks, in what is being positioned as one of the largest private financings for AI compute capacity to date.

Nuvei, which is backed by private equity firms Advent International and Novacap alongside investor CDPQ, is in advanced discussions to acquire cross-border payments provider Payoneer in a deal valued at around $2.7bn, according to a report by Reuters.

Private equity firm PAI Partners has followed KKR in withdrawing from the bidding process for a potential 50% stake in Nestlé’s water business, which includes brands such as Perrier, according to a report by Bloomberg.

Bain Capital has entered the auction process for Australian outdoor advertising firm oOh!media, joining a growing group of private equity bidders competing for the business, according to a report by the Australian Financial Review.

Private equity technology deal activity has fallen sharply as artificial intelligence reshapes valuation expectations and increases uncertainty around software business models, according to report by Bloomberg citing Bain & Company analysis of Dealogic data.

Global alternative asset manager The Carlyle Group has signed a definitive agreement to acquire up to 100% of South Korea-based Chung Ho Group, a leading provider of subscription-based home and healthcare appliance rental services, for a reported $700m.