Last updated: March 20, 2026, 8:30 PM ET
Private Equity Deal Flow & Strategy
KKR announced plans to divest Cool IT, a specialist in data center liquid cooling technology, in a transaction valued at $4.75 billion, with the acquisition expected to finalize in the third quarter of 2026, signaling continued appetite for high-growth infrastructure plays. Concurrently, TPG is actively rebuilding its presence in the Japanese market by adding its first dedicated secondaries professional for TPG New Quest, reinforcing a multi-asset expansion strategy across the region. This activity contrasts with broader trends in venture funding, where the week's largest U.S. deals were noticeably smaller than preceding weeks, though cybersecurity and artificial intelligence startups continued to secure outsized financing rounds.
In vertical consolidation, LLR Partners portfolio company Viventium, a human capital management provider focused on the post-acute care sector, acquired Perks4Care, a platform specializing in caregiver rewards programs, demonstrating a push toward value-added services within niche healthcare technology segments that attracted good-sized financings.