Last updated: March 19, 2026, 12:30 PM ET
Deal Activity & Portfolio Company Transactions
Private equity firms are actively pursuing exits and making strategic acquisitions across various sectors, with CVC Capital Partners and Nordic Capital reportedly exploring options that could value Cary Group at upwards of €3 billion. In the healthcare space, the Blackstone-backed advisor Chartis recently acquired the health tech firm Leap AI, while in life sciences, a merger between Paratek and Radius Health, supported by B-Flexion Life Sciences, involved a substantial $1.3 billion financing package advised by Mintz. Further consolidation is evident as Sterling Equity Partners snapped up managed IT services provider Cyber Advisors to bolster its offering to small and mid-market clients, and Fort Point recapitalized environmental services firm Boston Green.
In other transactional news, Permira is preparing to exit its stake in the global private markets investment firm Altamar CAM to Mercer, while Pophouse Entertainment has taken a majority ownership alongside BMG in the music assets of Tina Turner. Additionally, sector-specific activity includes ICG backing railway maintenance provider Comcreta to fuel expansion amid increased Italian rail infrastructure spending, and Verdane and Bpifrance providing backing to telehealth company Medadom, which holds accreditation from the French Ministry of Health. Meanwhile, Audax and Keystone are reportedly testing the market for potential exits in the HVAC sector.
Secondaries, Fundraising, and Sector Trends
The secondaries market is exhibiting shifting preferences, moving away from pure technology plays as managers adjust to disruption, leading Houlihan Lokey to observe a rise in interest for other sectors. In line with this strategic evolution, High Vista Strategies has appointed Raudel Yanez as managing director to spearhead a new GP-led secondaries strategy focused specifically on the lower middle market. On the fundraising front, the European Bank for Reconstruction and Development committed $40 million to the Templeton Türkiye private equity fund, which is targeting a total close of $300 million. Furthermore, BNP Paribas Asset Management Alts provided backing to Farm Carbon, a climate-focused vehicle aiming to scale methane reduction initiatives within the agricultural sector. Consolidation complexity continues to impact limited partners, as noted in recent side letters concerning industry M&A.
Infrastructure & Tax Planning
Large-scale infrastructure plays are seeing significant movement, with LS Power agreeing to acquire approximately 4.4 gigawatts of natural gas generation capacity in Delaware and Pennsylvania from Constellation Energy for a total consideration of $5 billion. Separately, managing partners in private equity are increasingly focused on long-term wealth transfer and estate efficiency; CPA Anthony Venette advised that gifting carried interest early allows future appreciation to accrue outside of a general partner’s estate, leading to substantial tax savings and legacy planning advantages. In related news, JC Flowers secured recognition for its Small-Cap Europe Deal of the Year, while Ares led a continuation vehicle for premium frozen baked goods firm Europastry. While deal flow remains active, the industry is being reminded of broader business measurement challenges, with experts suggesting that many AI pilots fail due to a lack of focus on quantifiable business outputs rather than just implementation.