Greenbriar Equity Group is nearing an agreement to acquire Spectrum Control from fellow private equity firm AEA Investors in a transaction that could value the aerospace and defence components maker at more than $1.8bn, according to a report by Bloomberg.

Warburg Pincus has increased its proposed offer for Australian retirement living and holiday park operator Ingenia Communities to approximately $1.5bn, raising the prospect of a renewed takeover battle for the ASX-listed company, according to a report by he Wall Street Journal.

Private equity firm Uplift Investors has expanded its investment strategy in the legal sector through a new management services organisation partnership with Arkansas-based personal injury firm Rainwater, Holt & Sexton.

PE firm CVC Capital Partners and Japanese investment firm Nippon Sangyo Suishin Kiko (NSSK) are considering a bid of more than JPY500bn ($3.2bn) to take Japanese healthcare products company Kobayashi Pharmaceutical private, according to a report by Bloomberg citing unnamed people familiar with the matter.

Renewable fuels producer EcoCeres is targeting a Hong Kong initial public offering that could raise around $1bn, with private equity investor Bain Capital expected to sell part of its stake, according to a report by Reuters citing unnamed people familiar with the plans.

Hellman & Friedman is considering a sale of insurance software provider Applied Systems in a transaction that could value the business at as much as $10bn, according to a report by Reuters citing unnamed people familiar with the matter.

UK-listed private capital firm Pollen Street has confirmed it is reviewing strategic options, including a possible take-private transaction, and has begun preliminary discussions with a limited number of potential counterparties about a potential offer, according to a report by Reuters.