Private Equity 24-Hour Briefing
×Last updated: October 6, 2026, 2:02 PM ET
Private Equity
KKR agreed to acquire Gen II Fund Services from Hg and General Atlantic for $5.1bn, a bet on the booming fund administration market. Gen II serves more than 275 investment managers. In a separate deal, CD&R and McKesson inked a $5.8bn take-private of Option Care Health, which provides home infusion services across all 50 states.
Bridgepoint-backed creator marketing firm SAMY acquired US agency Get Engaged, which connects brands with celebrities and influencers. Prelude Growth exited snack brand Made Good as the founding family bought back its minority stake in parent Riverside Natural Foods. Beach Point Capital invested in Fullers Foods, providing liquidity for Quilvest.
Lower-Mid-Market Deals
Sterling Group’s Foundation Fund acquired Slingmax Group from River Associates, a maker of engineered synthetic lifting slings. Vance Street’s Fumex platform bought Montreal air filtration firm Filtrabox, a founder-owned designer. Gryphon’s TTDS added heat transfer specialist Thermal Products in its latest add-on.
Apheon acquired a majority stake in Hager & Meisinger, a maker of high-precision dental rotary instruments. Bertram Capital backed Percopo Coatings as its fifth Ignite fund platform. FFL Partners invested in newly rebranded medical device servicer Ally Technical, which services more than 3,000 healthcare providers.
Infrastructure & Energy
Partners Group’s Middle River Power bought the 427MW Panoche Energy Center natural gas plant in California from Ares. Antin’s Stephan Feilhauer discussed opportunities in aerial firefighting as a growth driver. TZP Group, HPS and Capital Dynamics backed newly launched vacation rental platform Pavilion, combining 20 local businesses.
Tech & AI
SAP acquired Belgian AI startup Tech Wolf for an undisclosed sum. Mistral released a new flagship model as it seeks to close the gap with competitors. Spiko raised $90m in Series B funding from Index Ventures and Speedinvest.
Voice AI startup Vocca raised $20m to automate patient phone calls. Hadrian raised $40m exclusively as AI cyberattacks accelerate. A 19-year-old founder raised $11m for Ghost, maker of a $3,499 personal AI computer.
Main Capital Partners acquired German IT visibility software firm Raynet from PINOVA Capital. Ambienta-backed Maccaferri struck deals for Iterchimica and Surface Tech in asphalt additives. Fvlcrum Funds acquired defense simulation specialist Fidelity Technology Services.
People Moves
Avance hired former Invesco Private Capital PE head Carl Stanton as senior partner for industrial growth. One Rock hired former Bridgestone Americas CEO Paolo Ferrari as operating partner.
Market Trends & Regulation
The UK’s pension plumbing and why UK private and public markets need each other were examined. The NYC pension leans into credit amid a PE slump. Illinois TRS seeks secondaries market advisory services.
Is Europe’s secondaries boom serving only the 1%? The exit playbook highlights the human key to exits. AI’s most active startups are becoming serial acquirers, driving an M&A surge.
Events & Commentary
Tech Crunch Disrupt 2026 revealed its full breakout session agenda. After Factory’s public spat with Khosla, Menlo invests. Eight years at Sifted taught about tech’s bubble. Twelve Nordic fintech startups to watch were identified by VCs. Is it illegal to train frontier AI in the UK?