International private equity firm Cinven has partnered with founder Jesús Núñez and Mubadala Investment Company to acquire a majority stake in Universidad Alfonso X el Sabio Group (UAX), a private higher education platform in Spain, from CVC Funds.

British specialist lender Shawbrook has priced its shares at £3.70 each, valuing the business at approximately £1.92bn, in what is London’s largest initial public offering in two years, according to a report by Reuters. Shares in the company subsequently rose by as much as 8% in early trading.

US-based private equity firm Roark Capital is exploring a sale of bakery chain Nothing Bundt Cakes with a potential valuation of up to $2bn, according to a report by Reuters citing people familiar with the matter. The firm has reportedly hired advisers North Point and Bank of America to run

Global private investment firm Fairlight Capital Partners has acquired a minority stake in Noviscient, an award-winning fintech that is transforming how emerging and boutique managers launch, operate and scale institutional-grade hedge funds.

Jamf, the Minneapolis-based company specialising in managing and securing Apple devices in enterprise, education, and government environments, has agreed to be acquired by Francisco Partners in a deal valued at approximately $2.2bn.

The Australian-listed Domino’s Pizza franchise has rejected claims that Bain Capital is preparing a takeover bid for the business, according to a report by Reuters. A potential deal was reportedly set to be worth up to AUD4bn ($2.6bn).

Chinese private equity firm Boyu Capital is leading the race to acquire a controlling stake in Starbucks’ China operations, in a deal that could value the business at more than $4bn, according to a report by Bloomberg.

Blackstone Inc is partnering with Saudi Arabia’s AI company Humain to develop data centres across the kingdom, beginning with an initial $3bn investment, marking a significant step in the region’s AI infrastructure ambitions, according to a report by Bloomberg.