Hong Kong-based private equity firm Lion Rock joins bidding war for Clarks According to reports, Lion Rock is one of two remaining bidders for the 195-year-old footwear retailer. If a sale goes ahead, Clarks is likely to retain an equity stake in the business. Read more.

Addo Food Group’s PE owners ready sale According to reports, the private equity owner of pork pie maker Addo Food Group has hired advisors to explore the sale of the business. LDC acquired Addo Food Group for more than £100m in 2017. Read more.

KKR to acquire DTC contact lens company 1-800 Contacts KKR will acquire 1-800 Contacts, the largest retailer of contact lenses in the US, from AEA Investors. The sale follows years of steady growth for 1-800 Contacts. Financial terms of the deal were not disclosed. Read more.

PE firm Lone Star drops out of Asda race US private equity firm Lone Star has reportedly dropped out of the running to acquire Asda, leaving asset manager Apollo as the leader. Read more.

Eurazeo launches new ESG initiative Named O+, the private equity firm's new initiative aims to drive positive change, bridge widening social gaps and achieve net zero carbon by 2040. Read more.

Blackstone nears $2.4bn deal for Precision Medicine Group If a deal is reached, existing investors Berkshire Partners and TPG Growth will remain minority investors. Read more.