Private Equity 24 Hours

Last updated: March 25, 2026, 8:30 AM ET

Dealmaking & Exits

A consortium of marquee financial sponsors, including Astorg, Nordic Capital, Novo Holdings, and Cinven, finalized the divestiture of clinical trial data firm Clario to Thermo Fisher for a substantial $8.9 billion, signaling continued appetite for high-value healthcare IT assets. In smaller but active exit activity, Industrial Opportunity Partners sold Royston, a retail fixtures provider acquired in 2018, to LSI for $325 million, while Advent partially exited its position in Trustpilot, selling a stake worth £46 million, though the share price subsequently declined following the discounted offering. Elsewhere in portfolio management, KKCG-backed Allwyn completed its listing on the Athens Stock Exchange following a merger with Opap, establishing the combined entity as the second-largest listed global lottery and gaming operator.

Platform Acquisitions & Sector Consolidation

The technology and industrial sectors saw varied investment activity, with Heartwood Partners-backed Amlon acquiring Lion Industrial Resources to bolster its industrial waste solutions platform, and Chimney Rock Equity securing United Electronics Company (UEC), whose services are heavily utilized in supporting aircraft and ground-based vehicles. Sports technology saw a flurry of deals as TowerBrook acquired ID Unlimited, a French firm specializing in jersey personalization patches for major leagues, while GTCR-backed Ascent Sports Group purchased LiveBarn, an emerging sports technology and media platform established earlier this year. Furthermore, private equity continued to invest in the software space, with Main Capital taking a stake in Gingco Systems, a developer of modular enterprise resource management software.

Strategic Growth & Sector Investments

Major institutional players are deploying significant capital to scale AI-driven platforms and specialized services. TPG and Allianz led a massive $350 million strategic investment into Cambridge Mobile Telematics (CMT), an AI mobility platform, with participation from State Farm, demonstrating a concerted push toward connected vehicle data infrastructure. In a similar vein of specialized investment, Alterra backed Wireless Logic in conjunction with existing investors General Atlantic and Montagu, focusing on the Internet of Things business ecosystem. Meanwhile, the beauty sector drew attention as Advent agreed to acquire a majority stake in premium brand Salt & Stone for $165 million, expanding its exposure in high-growth consumer goods.

Fundraising Milestones & Capital Deployment

Venture and private equity fundraising maintained momentum, though some specialized credit funds faced pressure. Kleiner Perkins successfully raised $3.5 billion across new funds, allocating $1 billion to its early-stage KP22 fund and $2.5 billion for growth-stage companies, signaling strong LP confidence in AI-focused strategies. In contrast, Ares Management imposed withdrawal caps on its $10.7 billion Strategic Income Fund, an indication of the broader stress facing private credit amid increased redemption requests. Focusing on emerging managers, both BKR Capital and BRK Capital announced they are targeting $50 million for their respective Fund IIs, aiming to increase capital deployed toward Black founders, having already secured $20 million Canadian towards their targets.

Specialized Tech & Geopolitical Context

The technology ecosystem saw targeted capital injection into compliance and specialized hardware. Crypto compliance startup Eunice secured $8 million in backing from investors including Speedinvest and Moonfire Ventures, reflecting the ongoing need for regulatory technology solutions. In the burgeoning spacetech arena, Swiss firm Pave Space raised a $40 million seed round amid heightened global concerns regarding space sovereignty. Looking at M&A velocity, OpenAI has executed nearly as many acquisitions this year as it did across all of last year, utilizing M&A as a key strategy to rapidly integrate new capabilities and maintain a competitive edge against rivals. Furthermore, the Middle Eastern capital base is reportedly undergoing a "rebalancing" due to the ongoing regional conflict, potentially shifting the flow of the region’s $5.4 trillion sovereign wealth fund assets inward.