Last updated: September 29, 2026, 2:06 PM ET
Exits & Liquidity
Bain Capital has detailed a partial exit of MRO Holdings, with the deal valued at 10.7x the company’s forecast full-year EBITDA. Webster Equity Partners has signed a $664m take-private of Lifecore Biomedical, a CDMO specializing in the development of injectable products. Parthenon Capital has sealed a $200m sale of eSec Lending to fintech Capitolis. Audax Private Equity has agreed to a $1.4bn sale of GCG, a specialty wire and cable distributor, to Rexel. Sun Capital has completed a CV for Anderson Global, with co-CEO Marc Leder providing insights on the factors driving the exit.
Deal Activity & Fundraising
KKR has taken a majority stake in Cisternina Logistics to build a pan-India bulk liquid storage platform. Bain Capital has taken a minority stake in Kahua, an AI-driven construction management platform, at a valuation above $1bn. Greenbriar has struck a deal to acquire Spectrum Control, an RF and microwave components maker, from AEA Investors. HIG Capital has completed the acquisition of Torque, a UK fulfillment specialist. Mutares has agreed to buy Steinmüller Engineering from Japan’s IHI. Inflexion has taken a minority stake in French nail care brand Manucurist.
Healthcare & Life Sciences
Goldman and Charlesbank-backed MyEye Dr has agreed to acquire EyeCare Partners’ optometry unit from Partners Group, a division with more than 300 offices. Lee Equity-backed Carisk Partners has added FirstCare Onsite, an onsite occupational health provider that places clinicians at employers’ worksites. Biospring Partners has led a growth investment in Serán Bioscience, a spray drying CDMO. Riverside has backed French medtech CDMO Medical Group in a tie-up with Selenium Medical.
Technology & Software
Luminate Capital Partners has made a growth investment in ITpipes, a pipe inspection software firm whose platform is used by more than 300 municipalities. The Visualize Group has closed its acquisition of eCOGRA, combining it with BMM Testlabs. Tiny Health has raised $33m in Series B funding to explore what gut data reveals about future health. Marissa Mayer’s Dazzle is betting that a user’s camera roll holds more information about their life than their inbox, launching an AI personal assistant based on photos.
Industrial & Distribution
Incline Equity Partners has invested in The Conrad Company, a York, Pennsylvania-based industrial distributor of pneumatic, hydraulic, and automation components. The Conrad Company supplies pneumatic, hydraulic, and automation components.
Industry Trends & Commentary
Sagard’s Bernard Sabrier says private equity’s era of “financial artists” is over, pointing to a $3tn exit backlog, broken distribution cycles, and AI as forces that will separate genuine operators from the rest. A Side Letter notes that reputational risk remains a barrier for defence interest among LPs. An analysis of the secondaries arms race details how employee liquidity is becoming fundamental to private businesses. In Nordic fintech, FlatPay soars while the rest of the sector searches for its next act.
People & Hires
Hamilton Lane’s Mario Giannini, described as the “sane” and prescient voice, will retire in 2027, relinquishing his duties as executive co-chairman. Ara Partners has hired ACON Investments CFO Masumi Waida as its finance chief. The Italian private pension fund CNPADC has issued a request for proposal seeking investment consultants.