Private investment firm TPG has agreed to acquire a majority stake in Conservice, a leading US-based utility management platform serving the property management industry, in a transaction designed to support the company’s next phase of growth.
Ares Management could pursue the acquisition of a sizeable private equity firm as it looks to strengthen its buyout platform and compete more directly with industry heavyweights such as Blackstone, KKR and Apollo Global Management, according to a report by the Financial Times.
Stonepeak, an alternative investment firm specialising in infrastructure and real assets, is to acquire a 65 per cent stake in BP’s Castrol lubricants business for approximately $6bn in a deal that values the unit at $10.1bn.
Private equity firm Permira has agreed to sell Italian luxury sneaker brand Golden Goose to Chinese investment group HSG in a transaction valuing the business at just over €2.5bn, according to a report by Bloomberg.
Carlyle Asia Partners, an affiliated entity of Carlyle, has entered into a definitive agreement to acquire a 100% stake in KFC Korea. The business operates the KFC brand in South Korea under a master franchise agreement with Yum! Brands, the world’s largest restaurant chain company with more than 55,000 restaurants.
Private equity activity in the US industrials sector reached a record level in 2025, driven by strong investor demand for assets linked to data centre expansion, infrastructure resilience and supply-chain security, according to a report by Bloomberg.
Ethos Capital LP has completed a continuation vehicle transaction for its portfolio company Identity Digital, bringing in institutional investors including TPG GP Solutions, funds managed by Neuberger, Accel-KKR, Coller Capital, CVC Secondary Partners, British Columbia Investment Management Corporation , and 10 East, among others.
Matt Holt is set to leave New Mountain Capital and is in talks to acquire five of the firm’s portfolio companies in a transaction valued at more than $30bn, according to a report by Bloomberg citing people familiar with the matter. Holt is expected to launch a new healthcare technology
Netwatch, a global provider of AI-powered security services, has signed a definitive agreement to be acquired by GI Partners. The company serves a range of verticals, including organisations in the automotive, retail, banking, manufacturing, construction, and infrastructure sectors.
Italian payments group Nexi has decided not to proceed with a proposed sale of its digital banking assets to US private equity firm TPG following a review by its board, according to a report by Reuters.
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