Private Equity 24 Hours

Last updated: September 8, 2026, 10:07 PM ET

Dealflow

Mistral AI has nearly doubled its valuation to north of $24 billion after closing a $3.5 billion Series D led by Samsung Electronics, the largest European AI round on record. The Paris-based generative AI startup’s raise also drew participation from EQT and PSG Equity, who helped fund the €3bn round at a €21bn valuation, according to separate reporting. The Sifted account confirms the €3bn Series D figure, underscoring the continent’s appetite for frontier AI bets.

In the industrial exit lane, Warburg Pincus and Berkshire Partners have agreed to sell Consolidated Precision Products to GE Aerospace for $11.75bn, a deal highlighted by PE Hub. The Cleveland-based castings maker, with roughly 6,600 employees across more than 20 plants, has supplied GE Aerospace for over 15 years. The full PE Hub breakdown notes the divestiture marks one of the largest PE sell-downs of the year.

In UK healthcare, a consortium led by Toscafund, Three Hills, and Ares has agreed a £1.4bn buyout of Spire Healthcare, the London-listed operator of 38 hospitals and over 50 clinics across Britain. The Spire directors approved the deal, which was noted in broader PE Hub coverage alongside Main Capital’s UK platform acquisition.

Private Credit & Infrastructure

Brookfield Asset Management has landed a long-term, multi-asset mandate from the UK’s Nuclear Liabilities Fund, with an initial $1bn commitment. The mandate spans multiple asset classes, marking another significant infrastructure-tied commitment for the Canadian manager.

EQT’s infrastructure arm, ICG Infra, has agreed to acquire Westerleigh Group, the UK’s largest private operator of crematoria and cemeteries, from Ontario Teachers’ Pension Plan and USS. The PE Hub report notes Westerleigh operates 42 sites across England, Scotland and Wales.

Fundraising & Governance

Cinven has held the final close of its second Strategic Fund at roughly €2.3bn, beating its target by approximately 50% and signaling a substantial expansion of its European mid-market strategy. The oversubscription reflects strong LP demand for mid-market buyout exposure.

Spanish digital manager Crescenta has opened private equity to retail investors with a closed-end ELTIF requiring a €5,000 minimum commitment. The vehicle, launched as Spain’s first retail-dedicated PE fund, aims to democratize access to the asset class; details from PE Insights note the structure seeks to channel small-ticket inflows.

Tech & Software

Main Capital Partners has acquired a majority stake in Orgvue, the London-based provider of strategic workforce-management software — the firm's first platform deal in the UK according to PE Insights. Orgvue, which serves roughly 200 global enterprise clients including HM Government, Mars, Danone and Aviva, will anchor Main’s UK push. Additional PE Hub coverage confirms the deal’s scope and client list.

Copilot Capital has made a majority investment in Green Eagle Solutions, the Spanish renewable energy operations software company. The dedicated PE Hub report covers the investment’s strategic rationale.

Specialty Add-ons

HIG Capital’s Homewerks has completed its fourth add-on acquisition, buying GTR Technologies in the Seattle metro area. GTR supplies ventilation fans, technology switches, and access panels to the home improvement channel; PE Hub details the consolidation move.

Altaline Capital has completed a growth investment in Risk & Regulatory Consulting, the Farmington, Connecticut-based insurance consultancy. Founded in 1988—RRC employs roughly 300 staff providing actuarial, financial/IT and compliance services to insurance regulators across 44 states—the injection underscores the growth in Reg Tech.

Platinum Equity has agreed to sell De Wave to Renaissance Partners. De Wave, headquartered in Genoa, is a provider of integrated marine interior and technical systems for the cruise and yacht industries; the deal is flagged by PE Hub.

Fund Notes & Leadership

Hudson Hill Capital has closed a single-asset continuation vehicle for InXpress, the parcel and freight services provider. Managing partner Eric Rosen said the firm has “barely scratched the surface” of the opportunity; the exclusive piece is now on PE Hub. A related PE Hub item bundles the CV news with the GE Aerospace deal.

Mill Point Capital has named Michael Kaplan, a Littlejohn veteran, as managing partner. The lower-middle-market firm focuses on control investments in business services, industrials, and IT services across North America; the hire is reported alongside other updates.

Edmond de Rothschild Asset Management has appointed Zineb Bennani, formerly of Leontine, to a newly created role as Head Strategic Development for the private assets business — a hiring push outlined by PE Insights.

Pre-Seed & Early

Bluecore Energy, launched only two months ago, has raised an oversubscribed $50 million seed round, following a $10 million pre-seed. The nuclear startup is developing floating small modular reactors.

The Exploration Company raised $450 million in its latest funding round, as reported.

Private Markets Commentary

A PwC partner argues that the PE exit backlog is largely a readiness problem: general partners must ensure portfolio boards can answer diligence questions cleanly and quickly at a moment’s notice. The viewpoint in PE International highlights the gap between vendor readiness and buyer scrutiny.

Meanwhile, the Side Letter addresses a potential rule change for political donations that could reignite the pay-to-play debate, while Temasek taps OMERS for its Europe buildout and CD&R nears a final close.

People & Misc

FPE has promoted Ben Cole to partner, following a a 2024 partner appointment of Chris Kay. The London mid-market firm continues to bolster its senior ranks.

In a different corner, a Sifted essay explores how it feels to join an ultra-early startup as a cofounder one year late—a datapoint on founder identity.

Legal

Legaltech Lexroom has sealed its first two M&A deals just four months after a $50 million Series B. The deal was first reported by Sifted.