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Private Equity 24 Hours

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7 articles summarized · Last updated: LATEST

Last updated: May 2, 2026, 8:30 AM ET

Private Equity Dealmaking & Exits

AnaCap finalized its exit from the French private banking sector, selling the Milleis Group—which includes Milleis Banque and asset manager Cholet Dupont Asset Management—to LCL and Crédit Agricole Assurances. This move follows a flurry of activity in healthcare buyouts, exemplified by ArchiMed’s agreement to acquire Esperion Therapeutics in an all-cash transaction valued at $1.1 billion, though the deal is not expected to close until the third quarter of 2026. Meanwhile, Searchlight agreed to take a stake in B2B events organizer Closer Still Media, which is currently backed by Providence Equity Partners, indicating continued appetite for specialized business services assets.

Venture Capital & New Entrants

In the broader private capital sphere, defense technology secured the week’s largest funding rounds, highlighted by space security startup True Anomaly raising $600 million as part of a broader trend seeing substantial capital flow into defense tech and AI applications across fintech and marketing sectors. Separately, the direct-to-consumer brand Musely secured $360 million in non-dilutive capital from General Catalyst specifically earmarked for super-charging customer acquisition efforts without incurring equity dilution. Furthermore, the industry welcomed the official launch of a new private equity firm, Mako, co-founded by former United Airlines chairman and CEO Oscar Munoz, signaling continued fundraising momentum among established industry veterans.

Firm Strategy Amid AI Shift

TPG views the current shift toward artificial intelligence as an "offensive weapon" for private equity deployment, noting that its software portfolio holdings have managed to deliver 20% year-on-year growth despite accelerating AI-driven disruption across industries. This strategic focus on high-growth technology sectors contrasts with earlier defensive positioning, suggesting managers are aggressively seeking opportunities to integrate AI capabilities into portfolio companies to drive value creation.