Sandbrook Capital Partners has agreed to acquire United Utility, a US-based power grid operator, in a deal valued at approximately $1bn, marking a major private equity bet on the energy infrastructure sector, according to a report by Bloomberg.

Japanese brewer Sapporo Holdings has agreed to sell its real estate business to a private equity consortium led by KKR and PAG for approximately JPY477bn ($3.1bn), as the company accelerates efforts to streamline its portfolio and redeploy capital into core operations, according to a report by Reuters.

British private equity firm Oakley Capital has agreed to a majority ownership investment in Ben Ainslie’s Athena Racing team, providing long-term funding for Britain’s bid in the 2027 America’s Cup, according to a report by Reuters.

Private investment firm TPG has agreed to acquire a majority stake in Conservice, a leading US-based utility management platform serving the property management industry, in a transaction designed to support the company’s next phase of growth.

Private equity activity in the US industrials sector reached a record level in 2025, driven by strong investor demand for assets linked to data centre expansion, infrastructure resilience and supply-chain security, according to a report by Bloomberg.

Carlyle Asia Partners, an affiliated entity of Carlyle, has entered into a definitive agreement to acquire a 100% stake in KFC Korea. The business operates the KFC brand in South Korea under a master franchise agreement with Yum! Brands, the world’s largest restaurant chain company with more than 55,000 restaurants.