Private Equity 24 Hours

Last updated: September 26, 2026, 6:06 AM ET

Private Equity Deal Activity

Audax agreed to sell specialty wire and cable firm GCG to Rexel, with GCG on pace to exceed $1.1 billion in 2026 revenue. Bay Pine-backed Relation Insurance acquired assets of Pennsylvania agency LaPlaca, which provides business insurance and employee benefits. Clearlake’s Prime Source Brands added JACLO in its 12th acquisition since 2020, expanding its portfolio of decorative plumbing fixtures. Oaktree agreed to sell Italian power firm COL Group to Eaton for €810 million, with COL employing over 400 people across four product lines. Inflexion agreed to invest in French nail care brand Manucurist, which sells plant-based, vegan products from its Paris base.

Occupational Healthcare Investments

Phoenix, Quad-C, and Thoma Bravo targeted occupational health amid rising demand for workplace illness and injury prevention services. Private equity firms backed occupational healthcare in six deals, with Thoma Bravo, New Spring, and Phoenix Equity among the active investors. High Post Capital hired David Walsh to lead a new aerospace and defense vertical, leveraging his background as a former US Navy intelligence officer and former managing partner.

Corporate Takeovers and Fundraising

Madison Dearborn to take Marygold private in a two-share deal, targeting the holding company of Walnut Creek, California-based commodity ETF provider Marygold. British AI neocloud Nscale secured $3.36B in convertible financing ahead of a potential US IPO, with backing from Third Point, Nvidia, and other investors. The week’s 10 biggest funding rounds were led by cybersecurity, AI, and health sectors, reflecting continued investor focus on high-growth technology areas. Tech layoffs outpaced 2025, reaching at least 94,046 from January through August, up 16.8% year-over-year as major companies shift spending toward AI.