Mutares is to acquire inTime Group from Super Group, strengthening the Goods & Services segment as a new platform investment. The deal is expected to close in the third quarter of 2025.

Ares Management has acquired a 20% stake in Eni’s renewable energy and retail arm, Plenitude, for approximately €2bn ($2.3bn), as the Italian energy giant continues to bring in strategic partners to scale its clean energy operations, according to a report by Reuters.

Private equity firm Haveli Investments has agreed to acquire AI-centric database platform Couchbase in a $1.5bn all-cash transaction, as it continues to build exposure to high-growth technology assets, according to a report by Reuters.

Athora Holding, the European savings and retirement services platform backed by Apollo Global Management, is reportedly in advanced discussions to acquire Pension Insurance Corporation (PIC) in a transaction that could value the UK-based insurer at up to £5bn ($6.75bn), according to Sky News.

UK healthcare real estate firm Assura has backed a £1.79bn ($2.4bn) takeover offer from competitor Primary Health Properties (PHP), rejecting a competing bid from private equity giants KKR and Stonepeak Partners, according to a report by Reuters.

Turnspire Capital Partners’s portfolio company USG Water Solutions has completed a successful recapitalisation, with the proceeds being used to repay USG’s prior debt, support investment in the company’s diversified service offerings, and fund a cash distribution to shareholders.

St Louis-based Thompson Street Capital Partners has acquired Bubbakoo’s Burritos, a New Jersey-based franchisor of fast-casual Mexican-fusion restaurants as the fast-casual category continues to outperform broader foodservice segments.