A deal that includes Standard Life, CVC and Goldman Sachs is the latest to tap an increasingly popular source of investor cash.

Funds run by Alchemy Partners and CVC Capital Partners are “analysing potential strategic alternatives”, Deoleo says.

The consortium consists of CVC Capital Partners, PFI, Goldman Sachs and MS&AD Insurance Group, together with other long-term institutional investors.

The race to buy Aldermore, the South African-owned challenger bank ensnared by the scandal over motor finance mis-selling, will intensify next month when private equity firms including CVC Capital Partners lodge offers for the company. Sky News has learnt that CVC Capital, which owns stakes in companies such as the RAC and Six Nations Rugby, has been laying the groundwork for months to bid for Aldermore. Aldermore was put up for sale earlier this year amid anger at FirstRand, its parent company, about the City watchdog's proposals for a £9bn motor finance mis-selling compensation scheme.

International Flavors & Fragrances (NYSE:IFF) reported higher second-quarter sales and earnings across its continuing operations, supported by volume growth, productivity gains and improved working capital management, while outlining capital-allocation plans tied to the pending sale of its Food Ingr

IFF misses Q2 earnings estimates as sales rise y/y, while portfolio changes, growth across key segments and a new buyback shape its outlook.

Strong fundraising and portfolio performance position CVC for future growth despite near-term deployment headwinds.

The Canadian convenience and mobility operator will make a voluntary tender offer through its wholly owned subsidiary Circle K Polska.

Nutraceutical firm SuanNutra is acquiring the fragrance and flavor giant’s range of natural colors and functional ingredients.