Private equity firm KSL Capital Partners has agreed to acquire Invited Clubs, a US operator of golf, country and city membership clubs, in a transaction valued at about $3bn including debt, according to a report by Reuters citing unnamed people familiar with the matter.
A consortium led by CVC Capital Partners and US insurer Prudential Financial is close to securing a stake worth more than £1bn in Standard Life’s pension risk transfer business, according to a report by thew Financial Times citing unnamed people familiar with the discussions.
TOP STORY: Shares of private credit business development companies are currently trading at their widest discounts to net asset value in more than five years, reflecting growing investor caution over valuation accuracy and sector risk, according to a report by Reuters citing LSEG data.
New capital raised by private credit strategies targeting wealthy individuals declined sharply in the first quarter of 2026, dropping 45% compared with the same period a year earlier, according to a report by Reuters citing data released by specialist investment bank RA Stanger.
Harbinger Sports, a private equity vehicle focused on professional sports and led by investor Mark Cuban has raised $450m in initial commitments for its first fund close, according to a report by Bloomberg citing unnamed people familiar with the matter.
Private equity firm Thoma Bravo is close to an agreement that would transfer control of software company Medallia to its lenders, effectively ending a restructuring process that has been ongoing for several months, according to a report by Reuters.
Swedish private equity firm EQT has increased its takeover offer for Intertek to approximately £9.7bn, in a renewed attempt to acquire the UK-listed testing and certification group after its initial proposal was rejected, according to a report by the Financial Times.
Private investment major KKR is investing $1.5bn in Vertical Bridge REIT, in a deal that valuing the business – the largest private owner and operator of communications infrastructure in the United States – at between $10bn and $15bn.
LVMH-backed private equity firm L Catterton has launched a $500m investment vehicle in partnership with a group of high-profile athletes, aiming to capitalise on the commercial influence of sports figures in consumer markets, according to a report by the Financial Times.
EQT says its fundraising activity remains robust despite a volatile market backdrop, while also highlighting expectations that ongoing dislocation in private credit could accelerate consolidation across the private equity industry, according to a report by the Wall Street Journal.
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