US tech-focussed private investment firm Stone Point Capital has entered exclusive discussions to acquire UK wealth manager Amber River, as private equity firms continue to target the fast-growing wealth management sector, according to a report by Financial News London.

Private equity firm NGP Energy Capital Management has committed $200m to back US energy storage developer Liminal Energy, as rising power demand from data centres and artificial intelligence strains electricity grids, according to a report by Bloomberg.

Blackstone-backed mobile app marketing firm Liftoff has filed for a US initial public offering, aiming to list on Nasdaq under the ticker LFTO, according to a report by Reuters.

B2B cloud and connectivity services provider inherent group has acquired Inovacom to support the digital transformation of SMEs in the Paris region. The acquisition was supported by pan-European growth buyout firm Keensight Capital.

Corilus NV and Sofia Développement, two providers of healthcare software for outpatient professionals, have joined forces to create a European platform that will serve over 70,000 practitioners across Belgium and France. The platform is backed by PSG Equity and Rivean Capital.

The founding family of Indian footwear firm RedTape is exploring the sale of a majority or potentially full stake in the company, with private equity interest solicited from Blackstone and KKR, according to a report by Reuters citing unnamed sources familiar with the matter.

Private equity firm Astorg is preparing to launch a sale of its fund services platform IQ-EQ, with lenders readying around €2bn of buyout debt to support a potential acquisition, according to a report by Bloomberg citing sources familiar with the matter.

Private equity firm Warburg Pincus is weighing a potential sale of London-based insurance broker McGill and Partners, which could fetch a valuation exceeding $1bn, according to a report by Bloomberg citing sources familiar with the matter.