Blackstone is closing in on a deal with L’Occitane International owner Reinold Geiger to take the global skincare company private, with the world’s largest alternative asset manager potentially providing debt financing for the buyout, according to a report by Bloomberg.

US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pension funds and endowments leading the charge, according to a report by the Financial Times. 

Private equity firm Summit Partners is considering a sale of Los Angeles-based portfolio company and men’s grooming and personal care brand Dr Squatch at an expected value of more than $2bn, according to a report by Reuters.

Endeavor Group Holdings, a global sports and entertainment company and the owner of TKO Holdings, is to be acquired by tech investment firm Silver Lake, in partnership with the Endeavor management team and additional anchor investors, in a take private deal with an equity value of $13bn.

Bridgepoint, a listed private asset growth investor, has sold its investment in Dorna Sports, which holds the global rights to organise the MotoGP and WSBK Championships, to Liberty Media, in a transaction which values the company at €4.2bn.

A vote on whether or not to allow private equity firms to acquire stakes in NFL franchises has been delayed until later this year by existing owners, according to a report by Bloomberg citing Kansas City Chiefs boss Clark Hunt.

An uptick in demand for flexible working space has prompted Blackstone Inc to explore a sale of The Office Group, with the private investment firm having held informal talks with advisers over a potential £1.5bn sale of the business, according to a report by The Telegraph.