Global buyout firm KKR & Co is considering options for its majority stake in commercial lighting manufacturer NVC Lighting’s China-based business, including a sale of the 70% holding, which could fetch about $1bn, according to a report by Bloomberg.

Global buyout firms including Blackstone and TPG are said to be among a number of businesses working on rival bids to acquire US fund administrator Standish Management, in a deal that could value the company at up to $1.7bn, according to a report by Reuters.

Canadian private investment firm Brookfield has agreed to acquire the 80% stake it doesn’t already own in annuities provider American Equity Investment Life Holding (AEL) in a deal that values the business at $4.3bn.

Private equity firm GTCR is closing in on the acquisition of a majority stake in the merchant business of payment processing company Fidelity National Information Services Inc in a leveraged deal valuing the division at between $15bn and $20bn, according to a report by Reuters.

Global investment firm Carlyle has agreed to acquire a majority stake in Anthesis, a global pure-play sustainability advisory and solutions firm. Carlyle is investing alongside Anthesis’s employee shareholders, with existing shareholder, Palatine, reinvesting for a minority stake. 

Silver Lake, a private investment firm focused on technology sector deals, in partnership with Canada Pension Plan Investment Board (CPP Investments), has completed the $12.5 billion acquisition of experience management (XM) software specialist Qualtrics.

Recent hikes in interest rates as central banks look to tackle soaring inflation have impacted a plan by Assicurazioni Generali to offload up to €20 billion ($21.87bn) of insurance liabilities through a sale to private equity-backed companies, according to a report by Reuters.