Private Equity 24 Hours

Last updated: May 4, 2026, 8:30 AM ET

Private Equity Dealmaking & Exits

Firms continued portfolio adjustments across sectors, with SK Capital completing an exit from Phoenix Flavors & Fragrances Inc., selling the specialty materials company to Turpaz Industries Ltd. Simultaneously, platform companies executed bolt-on acquisitions; Riata Capital-backed COEO Solutions acquired managed technology provider S-NET Communications to enhance its offerings for multi-location mid-market enterprises. In infrastructure consulting, Grovecourt-backed Traffic & Mobility Consultants expanded its footprint by purchasing Florida-based Chindalur Traffic Solutions, specializing in transportation planning and engineering services Grovecourt-backed Traffic & Mobility Consultants acquires.

Wealth Management & Technology Investments

Investment activity sustained momentum in financial services and specialized technology, as Integrum, Lightyear, and Ontario Teachers’ committed additional capital to wealth management advisor Allworth Financial, confirming prior backers' continued confidence. Separately, venture capital perspectives are shifting toward foundational technology, with one investor noting a focus on the "boring parts of AI" Nicolas Sauvage is betting, assembling a portfolio that now includes technologies gaining broader VC interest. This focus contrasts with broader European sentiment, where investors are taking a different approach to artificial intelligence compared to Silicon Valley Europe is zagging on AI, while VCs continue to assess promising startups in the future of compute space 11 future of compute startups.