Deals
Carlyle Group and Boyu Capital are the frontrunners to acquire a majority stake in Starbucks’ China business, as the US coffee chain seeks a local partner to navigate an increasingly competitive market, according to a report by the Financial Times.
Oakley Capital, a European mid-market private equity investor, has sold its stake in portfolio company atHome to Apax Partners. Following completion of the transaction, the firm’s fund will have delivered aggregate gross returns of 2.3x MM and c.23% IRR across its investments in Casa.it and atHome.
S&P Global has agreed to acquire private markets data provider With Intelligence for $1.8bn, in a move to boost its alternative-assets offering, according to a report by Reuters. The transaction is expected to close in 2025 or early 2026, and S&P anticipates the deal will be accretive to its adjusted profit per share by 2027.
Vietnamese conglomerate Vingroup is reportedly in discussions to secure a $500m private credit facility to fund its expansion of EV charging infrastructure, according to a report by Bloomberg citing people familiar with the matter.
TOP STORY: Private equity firm Lone Star Funds has agreed to acquire Hillenbrand Inc, a US-based industrial equipment manufacturer, in a $2.3bn all-cash transaction, marking the latest large-cap industrials take-private in 2025’s busy deal calendar, according to a report by Reuters.
Lone Star Funds is nearing an agreement to acquire Hillenbrand Inc, the US plastics parts and industrial processing company, according to a report by Bloomberg citing people familiar with the matter.
Da Vinci Capital portfolio company Noventiq, a global provider of digital transformation and cybersecurity solutions, has secured a significant equity investment from Niobrara Capital, a US private equity firm focused on technology and enterprise services.
Medline, the medical supplies manufacturer backed by Blackstone, Carlyle Group, and Hellman & Friedman, has reported net sales of approximately $13.5bn in the first half of 2025, up nearly 10% from the same period last year, according to a report by Bloomberg.
Apollo Global Management has submitted a new bid within the past week to acquire Papa John’s International, offering $64 per share for the pizza chain, according to a report by Reuters citing unnamed sources familiar with the matter.
European private equity firm Ardian is exploring a potential sale of Frulact, a Portugal-based producer of natural fruit-based and plant-based specialty ingredients, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
