Private Equity 24 Hours

Last updated: April 7, 2026, 2:30 PM ET

Dealmaking & Exits in Healthcare & Industrials

Private equity deal flow remains active across specialized industrial and healthcare sectors, with several firms executing platform acquisitions and divestitures. H.I.G. Capital appointed long-time executive Brian Schwartz as its new Chief Executive Officer, while simultaneously, its portfolio company Vernacare acquired UK-based surgical instrument manufacturer Eakin Surgical. In the medical device space, BPOC finalized the sale of Midwest Products & Engineering to Graham Partners. Elsewhere, focusing on energy infrastructure, Energy Capital Partners re-acquired EnergySolutions from Tri Artisan Capital Advisors, citing a broader surge in investment interest surrounding nuclear power development.

Mega-buyout activity saw Blackstone and Tinicum agree to a substantial $1.85 billion deal to take UK-listed aerospace and defense supplier Senior private, while on the services front, a major transaction closed involving the take-private buyout of women’s health firm Hologic by Blackstone and TPG, which secured minority investments from the Abu Dhabi Investment Authority and GIC. Further portfolio optimization occurred as Ardian exited its majority stake in Acousti Engineering to Gamut Capital Management, with Gamut confirming the acquisition of the commercial ceiling and flooring solutions provider shortly thereafter by acquiring Acousti Engineering Company.

Specialized Sector Acquisitions & Platform Builds

Firms continue to build out vertical platforms through strategic add-on acquisitions, particularly within construction services and specialized manufacturing. Heartwood-backed Vital Space, a modular solutions platform, expanded its manufacturing capabilities by purchasing BIG Enterprises. In the building envelope sector, Sound Growth Partners acquired roof preparation services firm RK Hydro Vac, which specializes in dry/wet-vacuum services and ballast removal, joining other PE-backed roofing players like Norea Capital and Bertram Capital in that niche. Meanwhile, in the protection sector, Agilitas agreed to sell Integris Composites, a provider of lightweight survivability composite products designed for hostile environments, to Triton Partners.

The technology and professional services realms also saw movement, with Keensight Capital-backed Aconso expanding its footprint by buying Centric Germany, which offers SAP-based HR extensions. Keensight also saw its Dimo Maint unit complete its first add-on acquisition, purchasing Camileia, a provider of cloud-based integrated workplace management systems, as the professional services sector evolves amidst lagging regulation relative to AI adoption Keensight’s DimoMaint. Additionally, Mountaingate-backed WTWH Media, a B2B media company, acquired healthcare media firm Health Leaders.

Credit Markets & Investor Sentiment

The credit market is showing both signs of robust fundraising and evolving investor demands for liquidity and structure. Blackstone successfully closed its latest opportunistic credit fund, raising $10 billion as investors seek dislocation opportunities in the current environment. This fundraising trend mirrors activity from other major players, as Morgan Stanley prepares to launch its own private credit vehicle amid perceived market liquidity squeezes. Furthermore, a growing trend sees family offices bypassing traditional venture capital to secure direct, earlier exposure to AI startups, pulling private wealth into riskier bets The AI gold rush.

GP Stakes Market Maturation

The market for General Partner (GP) stakes is undergoing structural evolution driven by consolidation and changing LP preferences. Limited partners are showing increased interest in stepping outside traditional fund structures to invest directly into GPs, a move that could reshape the ownership landscape LPs go direct for GP stakes. This shift is occurring while consolidation within the PE industry creates both exit opportunities and increased competition for attractive GP stakes targets M&A reshapes the GP stakes galaxy. Emerging managers are leveraging this trend by offering ownership stakes in exchange for anchor commitments to secure initial LP capital Emerging managers serve up stakes. While GP stakes offer benefits like cash income and J-curve mitigation for private wealth investors, a fundamental challenge remains the inherent lack of liquidity in these arrangements Getting individual investors in on the GP stakes action. In related infrastructure commentary, LPs expressed doubt that current infrastructure continuation vehicles (CVs) are achieving the best possible pricing, despite them generally completing at or above fair market value LPs believe there is room for improvement.