TSG Consumer Partners closes $2.65bn deal for vet business The US-based firm has acquired Pathway Vet Alliance from Morgan Stanley Capital Partners, following the US government's decision that veterinary services are "essential business". Read more.

Dave & Buster’s in sales talks with private equity firms According to reports, the American restaurant and entertainment business is talking to private equity firms about a possible sale, after having to shut down all its venues during the coronavirus crisis. Read more.

Japanese cosmetic brand ETVOS receives investment from L Catterton The Asia unit of the consumer-focused private equity firm L Catterton has invested in ETVOS, as the makeup brand looks to expand its global footprint. Terms of the deal were not disclosed. Read more.

CVC Capital Partners lowers offer for gaming company The leading private equity firm has reportedly reduced its offer to acquire the gaming company Leyou Technologies. The previous bid valued the Chinese gaming company at around $1.4bn. Read more.

Private equity-backed The Bakery Cos. buys Steck Wholesale Foods The Arbor-backed business is expanding its portfolio with the acquisition of Steck, wholesale provider of muffins and biscuits. Read more.

Apollo and KKR eye Germany’s national soccer league According to reports, the firms are mulling investing in the DFL, following the suspension of several matches due to the coronavirus crisis. Read more.