Walter Capital sells stake in fashion eyewear retailer BonLook The Canadian private equity firm has sold its shares in the Montreal-based eyewear retailer to FYidoctors. The addition of BonLook strengthens the FYidoctors portfolio with new opportunities to expand the brand globally. Read more.

CenterGate exits TSC Apparel CenterGate Capital has sold TSC Apparel, a leading distributor in the wholesale apparel industry, to S&S Active wear, a national wholesaler offering apparel and accessories. Terms of the agreement were not disclosed. Read more.

Pret sales rise above pre-pandemic levels Sales at Pret A Manger rose above pre-pandemic levels for the first time. Revenues in Yorkshire led the way, standing 61% above January 2020. London suburbs also saw a 35% rise since the start of the pandemic, as many people continue to work from home. Read more.

KKR makes €33bn buyout offer for Telecom Italia KKR has launched a €33bn offer to take Telecom Italia private, in what would be one of the largest private equity buyouts of a European company in history. Read more.

Piper invests in pet accessories brand Omlet Piper has acquired a significant minority stake in the online pet accessories brand Omlet for £33m. Omlet’s offering includes products for dogs, cats and small animals. Read more.

CVC Capital Partners and HPS Investment Group take stakes in ABG CVC Capital Partners and HPS Investment Group have become major investors in Authentic Brands Group, which owns the Reebok and Forever 21 labels. The transaction values the company at $12.7bn. Read more.