Top private equity news of the week

L Catterton has acquired a minority stake in Dishoom, marking the Indian restaurant group’s first private equity investment since its founding in 2010. The deal is understood to value the company at approximately £300m, according to a report by The Sunday Times.

The investment will support Dishoom’s ambitious international growth plans, including the launch of its first US location in 2026. The deal comes after a successful pop-up in New York last summer, which sparked increased investor interest.

Goldman Sachs is poised to become the lead investor in a continuation vehicle set up by PAI Partners to retain its stake in global ice cream manufacturer Froneri, in a deal that values the joint venture at approximately €15bn including debt, according to sources cited by the Financial Times.

The transaction, which could be signed as early as September, would mark one of the largest private equity continuation deals to date. Froneri was founded in 2016 as a joint venture between PAI and Nestlé, and has since grown into the world’s second-largest ice cream producer after Unilever’s Magnum Ice Cream Company spin-off.

Read more here.

KKR and Capital Group are set to launch a new hybrid equity fund designed to give US investors exposure to both public and private markets, as the push to broaden access to alternative assets gains momentum.

The new vehicle, Capital Group KKR US Equity+, is expected to debut in early 2026, subject to regulatory approval. Structured as an interval fund, the strategy will allocate approximately 60% of its assets to listed equities, while the remaining 40% will target private equity investments sourced by KKR.