Private Equity 24 Hours

Last updated: March 24, 2026, 8:30 PM ET

Dealmaking Activity Accelerates Across Sectors

Private equity deal execution saw activity spanning infrastructure, consumer goods, and technology, with several large transactions surfacing globally. Apollo Global Management and Bain Capital are reportedly leading a €4 billion bidding race to acquire Continental’s Conti Tech industrial unit, positioning the two giants at the forefront of a major European automotive component carve-out. Meanwhile, Advent International is expanding its consumer footprint by agreeing to purchase a majority stake in premium body care brand Salt & Stone for $165 million, an exit that sees minority investor Humble Growth depart the register after investing earlier this year. In a significant move in Asia, Apollo-managed funds entered into an agreement to acquire Nippon Sheet Glass in a transaction valued at approximately $3.7 billion, marking what is cited as the largest private equity investment in Japan by the firm.

Technology, Software & Digital Infrastructure Investments

Investment targeting software and digital platforms remained strong, interspersed with strategic exits and fundraises tailored for generational shifts in technology. Kleiner Perkins successfully closed fundraising efforts generating $3.5 billion, which will be split between $1 billion earmarked for early-stage backing via KP22 and $2.5 billion designated for growth equity investments, signaling continued commitment to the AI sector. In contrast, a recent partial exit by Advent from its stake in review platform Trustpilot resulted in a sharp share decline after the firm sold £46 million worth of stock at a discounted price. Elsewhere, TPG and Allianz X jointly spearheaded a $350 million capital infusion into telematics firm Cambridge Mobile Telematics, with participation also secured from State Farm, while GTCR-backed Ascent Sports Group furthered its media platform build by acquiring sports technology firm LiveBarn.

Mid-Market & Sector-Specific Acquisitions

Mid-market players continued to execute bolt-on acquisitions and platform investments across niche industries, including environmental services, food production, and government technology. Goldner Hawn acquired Lone Star Environmental Companies, which services the Houston and San Antonio areas, demonstrating focus on regional infrastructure services. In the food sector, Main Post invested in pretzel producer Stellar Snacks, a brand boasting extensive distribution across major U.S. retailers like Costco and Target. Furthermore, Princeton Equity Group provided backing to the children’s education franchisor KidStrong, which currently supports over 85,000 members across its 184 centers in the U.S. and Canada. The government technology space saw TSCP invest in Karpel, a provider whose clients include public defender and prosecutor offices nationwide, while Southfield took a stake in recruitment firm Metric Search, specializing in medtech and data center talent placement.

Venture Capital Focus on Emerging Markets & Diversity

Venture capital activity showed particular interest in early-stage companies in emerging markets and funds dedicated to underrepresented founders. Accel and Prosus collaborated to select six early-stage startups for their inaugural India cohort, providing each company with between $500,000 and $2 million out of more than 2,000 applications received. Concurrently, diversity-focused funds are making progress toward their targets; BKR Capital and BRK Capital both announced that their respective Fund IIs have closed $20 million Canadian, moving toward their stated $50 million targets for investing in Black founders. In the realm of specialized acquisitions, GPI portfolio company Hopper OS, an intelligent healthcare operating system, acquired healthcare data firm Efferent to bolster its continuum of care capabilities.

Asset Disposals and Real Estate Moves

Firms are actively managing existing portfolios through disposals, often following initial value creation strategies. Blackstone is looking to realize gains from its recent Paris acquisition by marketing a portfolio of Parisian apartments, seeking to divest assets valued around €100 million from the larger €700 million purchase. In the energy transition space, Generate Capital completed the sale of greenhouse operator Equinox Growers to Taylor Farms, an asset supporting regional food supply chains. Separately, reports indicate that Turnspire Capital Partners, which is expected to collect first-round bids in mid-April for its water utility provider USG Water Solutions, is marketing the asset to a broad set of private equity buyers.

IPO Pipeline & Secondaries Market Dynamics

The pipeline for large-scale exits remains active, though market conditions present friction. CVC Capital Partners and Silver Lake have commenced investor outreach for a potential initial public offering of their business process outsourcing firm, RAC, targeting a valuation near $6.7 billion. Concurrently, the secondaries market faces headwinds; according to Bain & Co., the overhang in Asia-Pacific persists as the number of portfolio companies held for over five years rose by 18% in 2025. Furthermore, concerns over artificial intelligence are reportedly disrupting secondaries processes, while half of general partners surveyed admitted their own AI initiatives are falling short of expectations.