Bain Capital and Lone Star have progressed to the second round of bidding for Mitsubishi Electric’s automotive equipment business, according to a report by Bloomberg citing people familiar with the process.

Citigroup has agreed to sell a further 24% stake in its Mexican retail banking arm, Grupo Financiero Banamex, for about $2.5bn, according to a report by Bloomberg, as it continues to unwind its consumer banking footprint in the country.

US private equity firm Kinderhook Industries has agreed to acquire home-health services provider Enhabit in a transaction valuing the business at about $1.1bn, according to a report by Reuters.

Swiss watchmaker Breitling has seen its valuation cut by as much as half compared with 2023 levels, as private equity owners CVC and Partners Group review strategy amid weaker-than-expected performance, according to a report by the Financial Times.

Major private equity firms including KKR, Blackstone, and CVC Capital Partners recorded no publicly disclosed full exits from mainland Chinese portfolio companies in 2025, according to a report by the Financial Times citing data from PitchBook and Dealogic.

KKR is exploring a sale of BMC Helix that could value the IT service management business at up to $1.5bn, according to a report by Reuters. The process is being advised by Jefferies, with initial interest received from both private equity firms and corporate buyers.

Private equity returned fewer profits to investors for a fourth consecutive year in 2025, as the industry grappled with $3.8tn of unsold assets, according to a report by Bloomberg citing management consultancy Bain & Company.

Private investment major KKR is set to acquire XCL Education in a deal valued at approximately $1.3bn, marking a significant move in the private equity-backed education sector, according to a report by Bloomberg.

Bain Capital is exploring a potential sale or IPO of its portfolio company Dessert Holdings in a dual-track process that could value the business at more than $3bn, according to a report by Reuters citing people familiar with the matter.