Private equity firms are eyeing a potential carve-out or full acquisition of UK-based consumer credit provider NewDay Group, with bids reportedly being prepared by a Bain Capital-led consortium, as well as global investment heavyweights KKR and Pimco, according to a report by Sky News.

Stone Point Capital has partnered with GTCR to invest in Ultimus Fund Solutions, a fund administration services provider. GTCR Fund XIV and Stone Point-managed funds will recapitalise the business, providing full liquidity to GTCR Fund XII.

Grant Thornton US is pursuing a bold international expansion strategy, acquiring more than half a dozen member firms across Europe and the Middle East, as it seeks to reshape its global footprint under the ownership of private equity firm New Mountain Capital, according to a report by the Financial Times.

Growth equity firm PSG, in combination with 2ndWave Software, have agreed to acquire JAMS, a workload automation and job scheduling solution, from Fortra, a provider of cybersecurity solutions backed by TA Associates, among other investors.

Wise Road Capital is exploring a potential sale of UTAC Holdings, a Singapore-based semiconductor assembly and testing specialist, according to a report by Bloomberg citing sources familiar with the matter.

Admiral Group has entered into a definitive agreement to sell its US motor insurance operations, comprising Elephant Insurance Company and Elephant Insurance Services, to JC Flowers, a private investment firm specialising in the financial services sector.

Franchise Group has agreed to sell The Vitamin Shoppe to Kingswood Capital Management and Performance Investment Partners (PIP), as the retailer emerges from bankruptcy proceedings initiated five months ago, according to a report by CoStar News.

Rockbridge Growth Equity, a partnership-oriented middle market private equity firm, has sold GSTV, a video network available at fuel and convenience retailers nationwide, to MidOcean Partners. Rockbridge will retain a minority stake in GSTV.