S&P Global Market Intelligence presents In Play Today, a periodic summary of potential private equity deal activity, including rumored transactions. This summary is based on information obtained on a best-efforts basis and may not include all potential deal activity.

– Blackstone Inc., The Carlyle Group Inc., TPG Inc., New Mountain Capital LLC and Hillhouse Investment Management Ltd. are among the private equity firms weighing bids for a majority stake in Access Healthcare Services, a provider of healthcare business process and technology solutions, The Economic Times reported, citing people aware of the development. Nonbinding bids were submitted in December 2024, with the majority stake sale expected to value Access Healthcare at $1.4 billion to $1.5 billion, the report added.

– Goldman Sachs Group Inc.'s private equity arm is in talks to acquire a majority stake in human resources outsourcing company PeopleStrong HR Services Private Ltd. from Multiples Alternate Asset Management Pvt. Ltd., Moneycontrol reported, citing anonymous sources. Multiples controls an 84% stake in PeopleStrong, the report added.

– Bain Capital LP and KKR & Co. Inc. each entered first-round bids exceeding $5 billion for York Holdings, a new entity created to spin out the noncore assets of retailer Seven & i Holdings Co. Ltd., Thomson Reuters reported, citing people familiar with the matter. Japan Industrial Partners Inc. submitted a smaller bid but remains in the running, the report added.

– Cerberus Capital Management LP expressed interest in joining an auction for industrial conglomerate Jaiprakash Associates Ltd., The Economic Times reported, citing people familiar with the matter. Another entity's bid for Jaiprakash triggered the auction, which has attracted close to a dozen bidders, the report added.

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