CVC Capital Partners Plc has raised about €3 billion ($3.4 billion) for a new mid-market buyout fund, expanding its private equity franchise into smaller deals.

CVC Capital Partners Plc is set to finance its buyout of Italian food-ingredients maker Irca SpA with €1.2 billion ($1.4 billion) of high-yield bonds, according to people familiar with the matter.

Bain Capital emerged victorious in one of Europe’s most hotly contested private equity auctions with an agreement to buy a controlling stake in Volkswagen AG’s heavy diesel-engine unit.

The importance of artificial intelligence for private equity portfolios can’t be overemphasized as managers look to prepare businesses they own for rampant technological change, according to CVC Capital Partners Plc.

Groupe Bruxelles Lambert agreed to back CVC Capital Partners Plc’s offer to buy Recordati SpA in a deal valuing the Italian drugmaker at more than $12 billion, which would be one of the biggest healthcare transactions in Europe this year.

Volkswagen AG has picked suitors for the next round of bidding for its heavy diesel engine unit Everllence, according to people familiar with the matter.

CVC Capital Partners Plc and GTCR have teamed up and submitted a takeover offer for medical equipment provider Teleflex Inc., according to people familiar with the matter.

CVC Capital Partners Plc is seeking co-investors to help bankroll its proposed €10.9 billion ($12.7 billion) takeover of Italian drugmaker Recordati SpA, according to people familiar with the matter.

CVC Capital Partners Plc plans to explore options including potential divestments for Recordati SpA if it succeeds in its €10.9 billion ($12.5 billion) takeover of the Italian drugmaker, according to people familiar with the matter.

Apollo Global Management Inc. is in talks to buy a significant minority stake in Syntegon, the German packaging machine maker owned by CVC Capital Partners Plc, people with knowledge of the matter said.

CVC Capital Partners Plc’s next flagship fund could be bigger than its predecessor — still the largest pool of capital ever raised for buyouts — according to the firm’s Chief Executive Officer Rob Lucas.

CVC Capital Partners PLC is working with Goldman Sachs Group Inc. to explore a sale of Mediterranean marina operator D-Marin, people familiar with the matter said.

CVC Capital Partners Plc, the Amsterdam-listed private equity firm, has named former KKR & Co. India chief Sanjay Nayar as chairman of its advisory board in the South Asian nation, in a move aimed at deepening its presence in one of Asia’s fastest-growing private equity markets, according to people familiar with the matter.

CVC Capital Partners Plc promoted Peter Rutland to be president as the private capital behemoth beefs up its top ranks less than two years into its life as a publicly traded company, according to people familiar with the matter.

TPG Capital LP and Warburg Pincus are in early talks to buy a stake in Sirion Labs Pvt., a Partners Group Holding AG-backed software business managing and automating contracts, according to people familiar with the matter.