Deals
Kone has agreed to acquire rival TK Elevator, which is owned by Advent International and Cinven, in a €29.4bn ($34.4bn) transaction including debt, marking one of the largest private equity exits in Europe to date, according to a report by Bloomberg.
Private investment firm CVC Capital Partners is evaluating a potential €9bn ($10.5bn) bid for Italian payments group Nexi, as it revisits a target it has previously explored acquiring, according to a report by Reuters.
Virtusa, the global IT services provider owned by European private investment major EQT, is assessing plans for an initial public offering in India that could raise at least $1bn and value the business at $7bn or more, according to a report by Reuters.
A consortium comprising Stonepeak Partners and Bernhard Capital Partners is nearing an agreement to acquire Louisiana-based utility Cleco Power in a transaction valued at approximately $5.75bn to $6 billion, according to a report by Bloomberg citing unnamed people familiar with the matter.
Shares in Swedish research technology group Cint surged on Monday after a consortium backed by UK-based private equity firm Triton Partners unveiled plans to take the company private, according to a report by Reuters.
Digital Edge, the Asia-Pacific data centre operator backed by Stonepeak Partners, is exploring strategic options including a potential partial or full sale that could value the business at up to $10bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
TOP STORY: Thermo Fisher Scientific has agreed to divest its microbiology division to private equity firm Astorg in a deal valued at approximately $1.08bn, according to a company statement. The transaction will be funded through a combination of cash proceeds and a $50m seller note.
Private investment major Apollo Global Management has taken a stake in Swiss dental company vVardis Holding AG in a transaction that values the business at more than $1bn, according to a company statement.
Online second-hand marketplace Vinted has reached an €8bn valuation following a secondary share sale led by existing investor EQT, according to a report by the Financial Times. The transaction involved approximately €880m worth of existing shares being sold by early investors and employees, providing partial liquidity while also broadening the company’s shareholder base ahead of a potential future IPO.
Sullivan Street Partners (SSP) has invested in Mi Hub, a leading provider of corporate uniform solutions headquartered in the UK, acquiring the business from LDC. Mi Hub sources ready-to-wear, bespoke and technical uniforms for businesses of all sizes.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
