Blackstone Inc has entered into a strategic joint venture with Google Cloud to develop a new US-based AI infrastructure company focused on delivering compute-as-a-service powered by Tensor Processing Units (TPUs).

Blackstone Inc has stepped away from a potential takeover effort for German advertising group Stroeer SE & Co KGaA at a valuation of around €2.5bn, according to a report by Bloomberg citing unnamed people familiar with the matter.

Private equity firm Hg has transferred around €500m of assets from its €19bn software platform Visma into a newly created Luxembourg-based vehicle, as longer-term listing plans for the business remain on hold, according to a report by Bloomberg.

Shares in Advanced Medical Solutions fell sharply on Monday after private equity firm TA Associates confirmed it would not proceed with a potential bid for the UK wound-care specialist, according to a report by Reuters.

A consortium led by Morgan Stanley has agreed to sell its interest in Chicago’s parking meter lease to infrastructure investor Stonepeak, according to a sa report by Bloomberg citing a statement from the office of Chicago Mayor Brandon Johnson.

Cross-border acquisition activity targeting UK-listed companies has surged in 2026, with announced deal volumes reaching $192 billion year-to-date, putting Britain on course for one of its strongest years for mergers and acquisitions on record, according to a report by Reuters.

KKR is considering a sale of The Bay Club Company, a West Coast operator of premium membership and lifestyle clubs, in a transaction that could value the business at roughly $3bn, according to a report by Reuters citing unnamed sources familiar with the matter.

PolyPeptide Group has narrowed the field of potential buyers for its next auction phase, selecting private equity firms EQT AB and IDG Capital to move forward in the bidding process for the Swiss contract drug manufacturer, according to a report by Bloomberg.

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.