Advent International is reportedly considering the sale of its naval defence business, Ultra Maritime, in a deal that could value the unit at around $4bn, according to a report by Bloomberg citing unnamed sources familiar with the matter.

Oak Hill Capital has agreed to acquire garage door repair and replacement business Guild Garage Group, in a deal valued at more than $800m, according to a report by Reuters citing people familiar with the matter.

New Mountain Capital has ended discussions over a proposed transaction led by former executive Matt Holt to acquire five of the firm’s portfolio companies, scrapping what would have been a deal valued at about $32bn, according to a report by Bloomberg.

Advent International has revealed details of a takeover proposal for UK aerospace engineering firm Senior that valued the company at approximately £1.14bn ($1.52bn), following the rejection of its approach, according to a report by Reuters.

KKR has agreed to acquire a KRW348bn ($235m) stake in South Korean renewable energy company SK Eternix, increasing its exposure to climate and environmental investments despite heightened market volatility linked to the Iran war, according to a report by Bloomberg.

Private equity major KKR is among a group of bidders exploring an investment in the asset management arm of United Overseas Bank, according to a report by Bloomberg citing unnamed people familiar with the matter.