Hellman & Friedman is considering a sale of insurance software provider Applied Systems in a transaction that could value the business at as much as $10bn, according to a report by Reuters citing unnamed people familiar with the matter.

UK-listed private capital firm Pollen Street has confirmed it is reviewing strategic options, including a possible take-private transaction, and has begun preliminary discussions with a limited number of potential counterparties about a potential offer, according to a report by Reuters.

Private equity firms are facing intensifying competition for a limited pool of attractive assets, with 82% of US fund managers expecting deal prices to increase over the next year, according to a new survey from BDO.

CVC Capital Partners-backed home insurer Bamboo Insurance has postponed its planned US initial public offering, according to a report by Bloomberg citing unnamed people familiar with the matter, in a setback for the PE firm’s potential exit from the business.

Clayton, Dubilier & Rice (CD&R) and Warburg Pincus are in advanced talks to acquire Canaccord Genuity’s UK wealth management business, according to a report by Reuters citing unnamed people familiar with the matter.

IDP Education, the Australian education and testing company that co-owns the IELTS English-language examination, has rejected a sweetened AUD695m takeover proposal from Blackstone, according to a report by Reuters.

Tikehau Capital is facing competition from industry buyers in its efforts to take control of Italian bottle-cap manufacturer Tapí Group, with two strategic bidders having submitted offers and a third preparing a proposal, according to a report by Bloomberg citing unnamed people familiar with the situation.