Bain Capital and General Atlantic are among private equity bidders for Gong Cha as TA Associates targets a $2bn exit. The Boston-headquartered growth investor has mandated JPMorgan to run the sale, with binding bids expected around mid-June.

Blackstone's recent investment in European digital consumer platforms marks CVC's exit from a holding it has owned for six years. This transaction extends Blackstone's strategic focus on digital consumer markets across the continent.

Blackstone has launched the Blackstone Digital Infrastructure Trust, trading on NYSE under ticker BXDC. The vehicle specializes in acquiring newly built, leased data centers serving the artificial intelligence boom.