Private Equity 24 Hours

Last updated: March 25, 2026, 11:30 PM ET

Dealmaking & Sector Focus: Defense, Power, and Consumer

Private equity dealmaking continues to focus on specialized technology, as Chimney Rock Equity's purchase of United Electronics Company (UEC) reflects sustained demand for maintaining radar systems across military and fleet applications. Complementing this defense appetite, Advent is preparing to deploy up to $1 billion into defense technology, signaling a major capital injection into the sector. In infrastructure, Clearlake is moving to acquire power and electric services grid Qualus from New Mountain Capital, while on the consumer front, Bansk Group will absorb wellness shots provider So Good So You, with co-founders Rita Katona and Eric Hall retaining board seats.

European Exits & Minority Stakes

Firms are actively executing value-creation strategies, with Cinven agreeing to sell a strategic minority stake in Envu to GIC, bringing in the sovereign wealth fund as a long-term partner to advance portfolio value. On the exit side, a massive clinical trial data firm sale saw the investor group offload Clario to Thermo Fisher for $8.9 billion, involving heavyweights Astorg, Nordic Capital, Novo Holdings, and Cinven. Separately, KKCG-backed Allwyn has listed on the Athens Stock Exchange following its merger with Opap, creating the world's second-largest publicly traded lottery and gaming entity.

Continuation Funds & Secondary Advisory Moves

The secondary market saw activity as TowerBrook closed a continuation fund for the business consulting firm Eisner Amper, a transaction spearheaded by Carlyle Alp Invest and supported by Hamilton Lane as co-lead. This move underscores the continued appetite for GP-led liquidity solutions, a space seeing personnel shifts, demonstrated by Jefferies recruiting senior GP-led talent from Lazard amid competitive positioning in secondary advisory services.

Software, AI, and Vertical Tech Acquisitions

Platform consolidation and vertical specialization remain strong themes, with TowerBrook purchasing French sports apparel personalization firm ID Unlimited to capitalize on the sports jersey customization trend, while simultaneously buying ID Unlimited for jersey component supply. In the IoT space, Alterra is backing Wireless Logic alongside General Atlantic and Montagu, while Accel-KKR finalized its purchase of European workforce management software provider Tamigo from Viking Growth. Further down the software stack, Etna Capital acquired digital engineering firm Code Road, and Heartwood Partners-backed Amlon expanded its industrial waste solutions footprint by taking over Lion Industrial Resources.

Venture Capital Momentum & Funding Valuations

Venture investment continues to pour into specialized tech, with AI notetaking startup Granola achieving unicorn status following a $125 million Series C round. In the generative AI sphere, legal tech firm Harvey reached an $11 billion valuation after securing $200 million in a round co-led by GIC and Sequoia. Meanwhile, TPG and Allianz anchored a $350 million strategic investment into Cambridge Mobile Telematics (CMT) to scale its AI-driven mobility platform. In healthcare tech catering to the GLP-1 drug boom, e-prescribing marketplace VITL secured $7.5 million to overhaul its cash-pay clinic services.

Specialized Fund Launches & LP Shifts

Fund managers are raising capital for targeted mandates, evidenced by Pictet closing its inaugural direct private equity fund focused on founder-led businesses at €403 million (approximately $440 . On the institutional side, the European Investment Fund (EIF) unveiled a €15 billion fund of funds aimed at backing roughly 100 growth-stage venture capital firms across the continent. Contrarily, reports suggest that high-net-worth individuals in the UK are gaining access to top-tier General Partners, while Limited Partners are reducing their allocations to African funds amid waning risk appetites.

Infrastructure & Energy Transition Plays

Large-scale infrastructure investment is targeting the energy transition, where Brookfield and La Caisse agreed to take Boralex private in a $9.7 billion transaction designed to accelerate renewable energy growth. Concurrently, the space technology sector is attracting seed funding; Arinna raised $4 million to develop ultrathin, highly efficient solar cells for spacecraft, while Swiss spacetech firm Pave Space pulled in $40 million in seed funding amidst growing concerns over space sovereignty.

VC Activity in Construction & Emerging Tech

Seed and early-stage funding remains active in critical infrastructure sectors, with Y Combinator doubling down on construction tech startup Trayd, which raised $10 million in just three weeks for its back-office operating system. Furthermore, YC graduate Glimpse secured $35 million in a Series A led by Andreessen Horowitz following a strategic pivot. Separately, due diligence startup Eunice attracted $8 million backed by Moonfire Ventures and Speedinvest, while general market M&A activity shows that OpenAI has completed nearly as many acquisitions in 2026 as it did the entirety of the previous year.