HOF Capital has completed its previously announced acquisition of Porsche’s interests in Bugatti Rimac and Rimac Group through a consortium of institutional investors from the US and Europe.

UK engineering group Goodwin has agreed to sell a substantial portion of its defence-related Mechanical Engineering division to US private equity firm Cerberus Capital Management for £1.1bn ($1.49bn), according to a report by Reuters.

CVC Capital Partners is exploring a potential sale of personal care platform Arthea, the owner of brands including Dr Teal’s, in a transaction that could value the business at around $2bn, according to a report Reuters citing unnamed people familiar with the matter.

TPG has acquired a stake in part of UnitedHealth Group’s Optum Health operations in Florida, partnering with the healthcare group as it seeks to accelerate growth across its WellMed clinic network, according to a report by Bloomberg.

Cerberus Capital Management has agreed to sell Tenet Equity, its real estate investment business, to commercial property services group CBRE in a deal valued at approximately $1.6bn.

Platinum Equity is preparing to sell Italian maritime interiors specialist De Wave Group to private equity firm Renaissance Partners in a transaction valued at approximately €400m ($465m), according to a report by Reuters.

L Catterton is nearing a deal to acquire a controlling interest in fitness competition brand Hyrox in a transaction that could value the business at approximately €600m ($697m), according to a report by Bloomberg citing unnamed people familiar with the matter.

Australia-listed land-lease community operator Ingenia Communities has rejected a AUD1.94bn ($1.4bn) takeover approach from Warburg Pincus, arguing that the private equity firm’s proposal significantly undervalues the business, according to a report by Reuters.