US restaurant chain Hooters, which is owned by private equity firms Nord Bay Capital and TriArtisan Capital Advisors, has filed for bankruptcy protection ahead of a proposed founder-backed buyout of the business, according to a report by Reuters.

Several private equity firms, along with at least one aerospace supplier, remain in the running to acquire Boeing’s Jeppesen navigation unit in a deal expected to exceed $8bn, according to a report by Reuters citing sources familiar with the matter.

Blackstone is exploring a potential minority investment in TikTok’s US business as part of an effort led by existing non-Chinese shareholders of parent company ByteDance to restructure the social media platform, according to a report by Reuters citing sources familiar with the matter.

Global investment firm KKR and a subsidiary of Japan Investment Corp have announced a JPY348bn ($2.3bn) tender offer to acquire Topcon, a Japanese medical and precision positioning equipment manufacturer, according to a report by Reuters.

Atlantic Street Capital, a private equity firm focused on lower middle-market businesses with growth potential, has partnered with Dynamic Campus, a provider of managed IT services for higher education institutions.

Swedish accounting software firm Fortnox has received a joint cash offer from its largest shareholder First Kraft and private equity giant EQT, valuing the company at SEK55bn Swedish crowns ($5.51bn), according to a report by Reuters.

A consortium led by global sustainable infrastructure investor Actis has successfully acquired a 100% stake in Swiftnet, a prominent telecom tower platform in South Africa, from Telkom, for an enterprise value of approximately $370m.

Blackstone’s ISN Software is exploring strategic options, including a potential sale of the business, which could value the compliance software company at $6bn or more, including debt, according to a report by Bloomberg citing sources familiar with the matter.