I Squared Capital is close to acquiring infrastructure safety company Ramudden Global from European private equity firm Triton in a deal valuing the business at around €2.5bn, including debt, according to a report by Bloomberg citing people familiar with the matter.

KKR has agreed to acquire Arctos Partners, valuing the sports-focused private markets firm at approximately $1bn, according to a report by Bloomberg citing unnamed people familiar with the transaction.

Anheuser-Busch InBev has agreed to buy back a 49.9% stake in its US metal container operations from a consortium of institutional investors led and advised by Apollo Global Management in a deal valued at approximately $3bn, according to a report by Bloomberg.

Main Capital Partners has acquired a majority stake in IG Messenger, a provider of a vendor-neutral critical communication platform for healthcare institutions. Main says it will help IQM drive innovation to create customer value, and accelerate expansion through both organic growth and a targeted buy-and-build approach.

Apollo Global Management is set to invest more than $1bn in Brad Jacobs’ building products distributor QXO as part of a financing round to support the company’s acquisition-led growth strategy, according to a report by Bloomberg citing people familiar with the matter.

Private investment firm Hg Capital is in advanced discussions to acquire financial software company OneStream Inc in a take-private deal, according to a report by Bloomberg citing unnamed sources familiar with the matter.