Private Equity 24 Hours

Last updated: April 7, 2026, 5:30 PM ET

Mega-Deals & Sector Consolidation

Large-cap private equity activity saw major movement with Blackstone and TPG closing the take-private buyout of women’s health firm Hologic, a transaction bolstered by significant minority investments from the Abu Dhabi Investment Authority and GIC. Separately, Blackstone joined with Tinicum to strike a $1.85 billion agreement to acquire UK-listed aerospace and defense supplier Senior, signaling continued appetite for specialized industrial assets. In the energy transition space, Energy Capital Partners re-acquired EnergySolutions from Tri Artisan Capital Advisors, capitalizing on a noted surge in nuclear investment activity across the sector.

Middle Market Transactions & Add-Ons

Add-on activity remained brisk across specialized verticals, with several platform companies executing bolt-on acquisitions. H.I.G.-backed Vernacare successfully scooped up Eakin Surgical, a UK manufacturer of single-use surgical instruments, while Heartwood-backed VitalSpace acquired manufacturer BIG Enterprises to expand its modular solutions platform. In the professional services and software sphere, Keensight Capital saw two portfolio companies advance: DimoMaint made its first add-on by acquiring Camileia, a cloud-based workplace management system provider, and Keensight-backed Aconso purchased Centric Germany, which specializes in SAP-based HR extensions.

Strategic Exits & Sector Focus

Firms continued to realize value through strategic sales, notably in the industrial and specialized services arenas. Ardian agreed to divest its majority stake in Acousti Engineering to Gamut Capital Management, a firm specializing in acquiring transformed platforms. In healthcare services, BPOC sold medical device firm Midwest Products & Engineering to Graham Partners, while the broader focus on infrastructure and defense appeared in the news via Agilitas agreeing to sell Integris Composites, a provider of lightweight survivability products, to Triton Partners. Meanwhile, Sound Growth Partners expanded its focus on roofing services, recently acquiring roof preparation specialist RK HydroVac, demonstrating targeted investment in essential maintenance sectors.

Firm Strategy, Governance, and Credit Markets

In governance and strategic positioning, H.I.G. Capital appointed long-time executive Brian Schwartz as CEO, while Doug Berman was promoted to co-president to serve alongside Rick Rosen. The broader GP stakes market is evolving, with LPs showing interest in investing directly into GPs rather than through traditional fund structures, potentially shifting the secondary market dynamic. Concurrently, liquidity concerns are prompting major asset managers to shore up their credit offerings; Blackstone successfully raised $10 billion for its latest opportunistic credit fund, while Morgan Stanley is preparing a new private credit vehicle to capitalize on market dislocation and liquidity squeezes.

Advisory Moves & Sector Shifts

The advisory segment saw consolidation as Oaktree-backed GA Group acquired G2 Capital Advisors, broadening GA Group’s offerings across advisory, valuation, and liquidation services. Personnel changes were also noted, with Jared Barlow departing as a longstanding partner at Kline Hill, where he oversaw firm and investment operations since the firm’s 2015 founding. Furthermore, investment is flowing into critical infrastructure; Black Bay provided a capital infusion to Gulf Coast Midstream Partners to advance Phase I of the Nash Energy Storage Hub, and First Reserve invested in electric grid products provider Lindsey Systems.

Wealth & AI Investment Trends

The convergence of private wealth and technology is driving capital toward riskier, earlier-stage technology bets, particularly in artificial intelligence. Family offices are increasingly bypassing traditional venture capital routes to gain direct exposure to AI startups. This trend parallels activity from deep-tech venture funds, such as Zero Shot, which has ties to OpenAI and aims to raise a $100 million fund while already deploying capital. Separately, Pershing Square is attempting to unlock value at Universal Music Group by pitching a merger at a 78% premium, while infrastructure investors are expressing skepticism that current valuations for infrastructure CVs represent the best achievable prices.