Shares in Australian later-life care provider Estia Health have risen to a near five-year high after global private equity firm Bain Capital agreed to pay AUD838m ($551.3m) to acquire the business, according to a report by Reuters.

Delays in the auction process for Subway have prompted US buyout firm Advent to stop working on a potential deal to acquire the sandwich chain, according to a report by Bloomberg, citing unnamed sources familiar with the matter.

Investment banks and advisory firms are cautiously optimistic that markets will modestly revive through the second half of 2023, despite the current economic uncertainty, with 58% of senior executives expecting only a mild dip in business opportunities, according to a survey by Acuity Knowledge Partners.

Tiger Global, the hedge fund firm founded by Chase Coleman in 2001, has built a big stake in private equity group Apollo Global as the firm pivots from the technology investments that have been its stock-in-trade in recent years, according to a report by The Financial Times. The report cites a mid-year investor letter seen by the FT as revealing the stake in Apollo, which Tiger Gobal describes as a “leading global alternative investment manager”. While the size of the stake has not been disclosed, according to the FT, the fact that it has been mentioned indicates that it is

Private investment firm Rcapital has completed the acquisition of the Leicester-based aerospace and power generation business of Bromford Group, which was placed into administration in March and has continued trading while a buyer has been sought.   Chris Pole and Ryan Grant of Interpath Advisory were the appointed administrators. Rcapital’s acquisition does not include the wider group’s sites in Derby and Alcester.   Rcapital has agreed strategic partnerships with key customers of the business to secure 81 jobs at the group’s Leicester site. It will focus on making operational improvements to deliver a growth plan, with the business set to

Arlington Capital Partners, a Washington, DC-based private equity firm, has acquired Integrated Data Services, a provider of software and technology-enabled support and development for US federal government customers.