Private equity firm I Squared Capital has agreed to sell a 25% stake in European transport equipment leasing company TIP Group to Investment Management Corporation of Ontario and GCM Grosvenor, according to a report by Bloomberg.

Francisco Partners is in advanced negotiations to acquire a controlling stake in construction software provider Command Alkon from fellow private equity firm Thoma Bravo in a transaction that could value the business at up to $1.3bn according to a report by Bloomberg.

Private equity firms KKR and Apax Partners are among the bidders competing to acquire Portuguese packaging manufacturer Logoplaste in a deal that could value the business at more than €1.7bn, according to a report by Bloomberg.

Private equity firm Seidler Equity Partners is exploring the sale of its stake in Rawlings Sporting Goods, the iconic US baseball equipment manufacturer, in a deal that could value the business at around $2bn, including debt, according to a report by Bloomberg.

Private equity firm Harith General Partners has received antitrust approval for its proposed acquisition of South African low-cost airline FlySafair, marking a key step towards completing the transaction, according to a report by Bloomberg.

Private equity firm Ardian has agreed to acquire a majority stake in German battery technology specialist Munich Electrification, backing the company’s next phase of growth with additional capital to accelerate product development, international expansion and potential acquisitions.