KKR is exploring a potential sale of Flora Food Group in a transaction that could value the business at around $10bn, according to a report by the Financial Times, as the firm evaluates exit options for the portfolio company carved out from Unilever.

Florida-based rail operator Brightline is exploring a range of restructuring and refinancing options to avoid a potential bankruptcy, as the Fortress Investment Group-backed business grapples with a $5.5bn debt burden and weaker-than-expected operating performance, according to a report by Bloomberg.

Arlington Capital Partners has acquired nuclear engineering specialist Enercon Services from Oaktree Capital Management, in a deal that will sees Enercon combined with Arlington’s existing engineering portfolio company Pond & Company.

Tenneco is laying the groundwork for an initial public offering that could value the business at approximately $14bn, as owner Apollo Global Management explores exit options following a four-year holding period, according to a report by Bloomberg.

Apax Partners has emerged as a leading contender to acquire UK exhibitions and events group CloserStill Media from fellow buyout firm Providence Equity Partners, in a deal that could value the business at more than £1.2bn, according to a report by Reuters.

DCC plc has rejected a takeover proposal from a consortium comprising KKR and Energy Capital Partners, after the group tabled a cash offer valuing the company at approximately £4.95bn ($6.66bn), according to a report by Reuters.

Lazard has agreed to acquire private markets advisory specialist Campbell Lutyens in a transaction valued at approximately $575m, a move that will see the creation of a new dedicated private capital advisory business, according to a report by Reuters.

Portuguese football club SL Benfica has agreed a minority stake sale to Entrepreneur Equity Partners at a valuation implying a significant premium over recent trading levels, underscoring growing international demand for European football assets, according to a report by Bloomberg.

Ametek is engaged in exclusive discussions to acquire the testing and measurement division of Indicor, a portfolio company of private equity firm Clayton Dubilier & Rice, at a potential valuation of $5bn, according to a report by Reuters.