Francisco Partners is in discussions to acquire payments processor Moneris, a joint venture owned by Royal Bank of Canada and Bank of Montreal, in a deal that could value the business at up to $2bn, according to a report by the Financial Times citing unnamed people familiar with the matter.

MBK Partners is weighing a possible divestment of its holding in Belgian premium chocolate brand Pierre Marcolini at a potential valuation of up to $100m, according to a report by Bloomberg citing unnamed sources familiar with the situation.

Brookfield Asset Management is preparing a potential initial public offering of its India-based telecom tower platform Altius Telecom Infrastructure Trust, in a deal that could raise up to INR60bn ($630m), according to a report by Bloomberg citing unnamed people familiar with the matter.

KKR is exploring a potential sale of Flora Food Group in a transaction that could value the business at around $10bn, according to a report by the Financial Times, as the firm evaluates exit options for the portfolio company carved out from Unilever.

Florida-based rail operator Brightline is exploring a range of restructuring and refinancing options to avoid a potential bankruptcy, as the Fortress Investment Group-backed business grapples with a $5.5bn debt burden and weaker-than-expected operating performance, according to a report by Bloomberg.

Arlington Capital Partners has acquired nuclear engineering specialist Enercon Services from Oaktree Capital Management, in a deal that will sees Enercon combined with Arlington’s existing engineering portfolio company Pond & Company.

Tenneco is laying the groundwork for an initial public offering that could value the business at approximately $14bn, as owner Apollo Global Management explores exit options following a four-year holding period, according to a report by Bloomberg.

Apax Partners has emerged as a leading contender to acquire UK exhibitions and events group CloserStill Media from fellow buyout firm Providence Equity Partners, in a deal that could value the business at more than £1.2bn, according to a report by Reuters.

DCC plc has rejected a takeover proposal from a consortium comprising KKR and Energy Capital Partners, after the group tabled a cash offer valuing the company at approximately £4.95bn ($6.66bn), according to a report by Reuters.