Private Equity 24 Hours

Last updated: September 9, 2026, 2:16 PM ET

Dealmaking

Private equity deal activity remained brisk across sectors, with several notable platform builds and exits. Windsong Global added hair wellness brand Vegamour to Belle Brands, its multi-brand beauty platform, as the consumer-focused firm continues its rapid assembly since 2024. In a significant $1.6bn exit, Cerberus Capital Management sold Tenet Equity, the triple net lease financing platform it founded five years ago, to CBRE Investment Management, banking a hefty return. Warburg Pincus and Berkshire Partners are selling Consolidated Precision Products to GE Aerospace in a deal valued at $11.75bn, marking one of the largest exits this year.

In the industrial sector, Glen Oaks Capital and Tecum Capital acquired Stan Chem, which combines resin and coatings makers Stan Chem Resins and Dux Coatings, serving architectural, industrial and specialty markets from its East Berlin, Connecticut base. Point 41 Capital acquired Safe-Way Garage Doors from CW Industrial Partners; the Warsaw, Indiana-based company has manufactured customizable residential and commercial overhead garage doors since 1959. Align Capital's MKB Company acquired Siltworm, an Indiana-based maker of proprietary rolled filter products that control sediment and reduce erosion using biodegradable fill material.

New Water Capital acquired Lid Works, a Plant City, Florida-based manufacturer of custom food, beverage and specialty lids for quick-serve and convenience store brands, in a family-owned deal. Apax Funds acquired Next Gen Security from Dunes Point Capital; the Exton, Pennsylvania-based company designs, installs and maintains integrated security systems including video management, access control and intrusion detection. HIG Capital made a significant investment in Click Here Digital, a Baton Rouge-based performance marketing firm serving automotive, legal and government clients since 1993.

Healthcare & Life Sciences

Healthcare investing continues to draw attention, though the sector faces mounting pressure. Great Point Partners exited MLM Medical Labs, a central and specialty lab services provider supporting clinical trials and drug development, in a sale to Labcorp. Eir Partners acquired Accumulus Technologies, a San Francisco-based cloud platform connecting more than 75 regulatory authorities with life sciences companies worldwide. Albaron Partners exited Prime Psychiatry, which provides outpatient and interventional psychiatric care including TMS and Spravato treatments across Dallas-Fort Worth and Austin, in a sale to Beacon Behavioral.

Frazier Healthcare Partners named a former McKesson strategy chief as senior partner, adding firepower to the PE firm that has invested in more than 200 companies since 1991. The broader healthcare investment landscape is in critical condition, according to industry analysts tracking margin compression and regulatory headwinds.

Technology & Software

Technology deals dominated the news flow. HOF Capital completed a €1bn purchase of Porsche's stakes in Bugatti Rimac and Rimac Group, with Rimac Group retaining its 55% controlling stake in Bugatti Rimac as HOF's consortium replaces Porsche as shareholder. Thoma Bravo made a strategic growth investment in Tanda, an Australian workforce management, payroll and HR platform built for shift-based employers, marking the company's first outside investment.

Keensight-backed ACTICO merged with Axe Finance, which provides credit and risk management software to more than 45 financial institutions across 29 countries. Main Capital Partners agreed to acquire a majority stake in VWE Automotive, a provider of software, data and workflow solutions to more than 10,000 automotive-sector customers in the Netherlands. Cloud NC, a UK-based manufacturing software startup, announced a $20 million B extension round, bringing its lifetime total raised to $128 million.

In venture, Paris-based Mistral AI nearly doubled its valuation to more than $24 billion with a Samsung Electronics-led $3.5 billion Series D fundraise, another record European AI round. Separately, the chief of Mistral's robotics division is seeking €200m for a new AI startup, per exclusive reporting. Ex-Google Deep Mind scientists raised €3.2m to build software for fusion startups. Loft Orbital struck a billion-dollar deal with UAE's Marlan Space to build an AI-powered satellite constellation.

Norwest partner Sean Jacobsohn shared the sales test he gives founders before investing, discussing where he still sees openings in the crowded market for finance software.

Fundraising & Leadership

Fundraising activity picked up momentum. Peterson Partners raised $510m for a continuation fund supporting Kelso Industries, a Draper, Utah-based mechanical, electrical and plumbing services provider operating across more than 40 states. EQT launched EQT Nexus Asia, an evergreen strategy giving eligible individual and institutional investors access to its Asia Pacific private capital platform through a single vehicle.

CVC set out the next phase of its leadership succession, appointing Todd Sisitsky, currently president of rival TPG, and Peter Rutland, its own president, as co-chief executives by Q1 2028. Tikehau Capital appointed Piero Migliorini as head of private equity Italy, with Martino Mauroner named co-head of Italy alongside Daniele Germano in a leadership reshuffle. Harbour View Equity Partners, a multi-strategy investment firm focused on music, sports, media and entertainment with approximately $3.88 billion in regulatory assets under management, hired a Cambridge Associates alum as managing director.

Buyouts & Growth

West Bridge-backed Koto completed its first acquisition with the Stereo Creative deal, bringing a portfolio of long-standing client relationships across sport, entertainment and technology including Nike, Arsenal, FIFA and EA Sports. ECI Partners agreed an investment in Shaw Gibbs, a top 35 UK accountancy, tax and advisory practice serving around 25,000 clients, as Apiary Capital exits. Lime Tax, a startup that acquired four companies in its first eight months, raised €36m to buy more.

Market Commentary

Apollo co-president Scott Kleinman said at an industry event that exits aren't the problem — pricing is. The real obstacle is sellers being unwilling to accept the price the market is offering, a dynamic that continues to constrain deal flow despite ample dry powder. The comment underscores a broader standoff between buyer and seller expectations that has defined the current private equity environment.

Regional Highlights

In the DACH and CEE region, Prague-based SME lender Flowpay topped the latest Sifted ranking of the fastest-growing startups, with the full data behind the region's growth now available. Elsewhere, private equity firms including Carlyle, Dynasty Equity and Sixth Street continue to explore minority stake investments in the NFL's Seattle Seahawks, while New Water Capital's Lid Works acquisition was among the deals drawing attention alongside Carlyle and Clearlake's reported interest in cybersecurity targets.

Culture & Operations

On a lighter note, guidance on team offsites suggests candle making, line dancing and no hard booze as firms rethink how to build culture in a hybrid work era.