Shareholders of Finnish elevator manufacturer Kone have approved the company’s proposed $34bn acquisition of German rival TK Elevator, which is backed by private equity firms Advent International, Cinven, according to a report by Reuters.

European private equity firm Triton Partners has finalised a deal to acquire Flender GmbH, an industrial drive systems manufacturer, from private investment major Carlyle Group in a transaction reportedly valued at around €3bn ($3.5bn).

Private equity firm JC Flowers has finalised its acquisition of the French subsidiary of Italy’s Monte dei Paschi di Siena, marking the completion of a long-planned divestment as the bank continues its post-bailout restructuring, according to a report by Reuters.

Blackstone is moving ahead with a potential sale of its Japanese payments company SP.LINKS Inc, with SoftBank Corp among the bidders progressing to the next stage, according to a report by Bloomberg citing unnamed people familiar with the matter.

Global business events organiser Hyve has been sold to private equity firm Hellman & Friedman in a transaction valued at approximately $1.8bn, delivering a substantial return for its existing owners Providence Equity Partners and Searchlight Capital Partners, according to a report by the Financial Times.

Private equity firm New Mountain Capital has agreed to acquire residential property management group Asset Living in a transaction valued at more than $2bn, according to a report by Reuters citing unnamed people familiar with the situation.

Private equity firms including CVC Capital Partners and Cinven are among the initial bidders for Italian dessert ingredients manufacturer IRCA, according to a report by Reuters citing unnamed people familiar with the process.

Finnish-listed equipment manufacturer Hiab Oyj has agreed to acquire US refuse collection vehicle maker Labrie Environmental Group in a $1.04bn transaction, marking an exit for private equity firm Wynnchurch Capital from its first Fund V investment, according to a report by Bloomberg.