Ardian is reportedly in advanced negotiations to acquire Akuo Energy, a Paris-based renewable energy firm, for approximately $2.5 billion, including debt. The deal, which involves Intermediate Capital Group PLC as a partial owner, is expected to reach an agreement by December, as Ardian has commenced due diligence.

In another development, EQT AB, Advent International, and Bain Capital are in preliminary discussions to purchase Rapid7 Inc., a U.S. cybersecurity company. Rapid7 is considering a sale after receiving interest from various buyout firms, although it may choose to remain independent.

Additionally, Multiples Alternate Asset Management is looking to divest its majority stake in PeopleStrong HR Services, an Indian human resources platform. The firm has reached out to both domestic and international private equity funds regarding this potential sale.

Meanwhile, Indian beverage company Archian Foods, operating as Lahori, is in talks with investors, including the Abu Dhabi Investment Authority and Motilal Oswal Financial Services, to secure over $47 million in funding. This round could lead to Verlinvest SA selling part of its 21.2% stake in Lahori. Discussions are ongoing, with other investors like Peak XV Partners also involved.

These developments highlight the active landscape of private equity deal-making, with significant interest in sectors such as renewable energy, cybersecurity, and consumer goods.