Deals
PAG has made one of the largest private equity investments in China this year, committing about $2.8bn to take control of a mall-operations business developed by Dalian Wanda Group, according to a report by Bloomberg. In the biggest cross-border deal in China’s commercial real estate sector since 2021, the firm has helped put together $6.3bn for a fund composed of some of the malls.
UK supermarket Asda has completed £568m of sale-and-leaseback transactions across 24 stores and a distribution depot, in a move seen as strengthening the capital structure under majority owner TDR Capital, according to a report by Reuters.
TPG’s Rise Fund has made a strategic minority investment in Healthcademia, an international healthcare education group, joining majority shareholder G Square Capital to support the company’s next phase of growth.
EQT AB is reportedly close to acquiring a majority stake in European environmental services provider Desotec from Blackstone Inc, just four years after the US private equity firm purchased the business, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Hg is to sell medical imaging software specialist Intelerad to GE HealthCare in a transaction valued at approximately $2.3bn, marking a full exit from its majority stake with minority investors TA Associates and Ardan Equity also divesting their positions.
Global private equity firm TPG has teamed up with Tata Consultancy Services (TCS) to launch a $2bn joint venture dedicated to building AI-focused data centres across India, as institutional capital continues to pour into digital infrastructure, according to a report by Reuters.
BGH Capital has increased its takeover proposal for Australia’s Webjet Group, lifting its offer to AUD0.91 per share and edging ahead of a rival approach from industry peer Helloworld Travel, according to a report by Reuters.
Wafra Inc, investment manager owned by the state pension agency of Kuwait with $28bn in assets, has acquired a minority stake in European private markets firm Ardian, which manages roughly $192bn across private equity, real assets and private credit.
Key Capital Partners, the UK private equity firm specialising in lower mid-market growth investments, has exited Darts Corner, the UK specialist darts retailer and brand owner, following its acquisition by private equity firm Ethos Partners.
Growth capital investor RF Investment Partners has exited two software platforms, NetVendor and OffenderWatch. Over the last several years, the firm has invested in 13 software platforms, working with management teams across SaaS, compliance, and workflow automation sectors, as part of the firm’s software-focussed investment strategy.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
