Private Equity 24 Hours

Last updated: May 27, 2026, 8:31 PM ET

Deal Activity Ramps Across Sectors

Private equity firms closed multiple acquisitions this week as Modella Capital agreed to purchase Flying Tiger Copenhagen in its most ambitious international high-street platform buildout yet. The London-based firm joins a wave of mid-market deals including Digital Bridge's $1.05 billion acquisition of Arc Light, featuring a $650 million base price plus up to $400 million in contingent consideration. Shore Capital-backed Ondex Automation acquired electrical engineering firm The Fitch Company to expand its automation systems integration capabilities, while Fortress acquired IP licensing company IPValue, which has handled over 20,000 technology patents.

Strategic Financing and Credit Expansion

Financing platform Capchase secured $200 million in combined debt and equity, with $26 million in equity and a $174 million credit facility to fuel growth. Blackstone Life Sciences agreed to a $1.3 billion royalty and debt package with Apogee Therapeutics, marking another strategic financing collaboration in the life sciences sector. Meanwhile, KKR and Capital Group are preparing an Asia push with their first public-private credit fund outside the United States, extending their hybrid credit franchise internationally.

Impact Investing Gains Momentum

Dutch pension giant APG is working with GPs to achieve its €10 billion impact private equity target, having broadened its impact focus under senior responsible investment specialist Matteo Millone. At the PEI Group's Impact Investor Global Summit, panelists noted that impact-focused limited partners increasingly use continuation vehicles to "lock" the impact mission of portfolio companies, requiring an added layer of due diligence in these structures. Placement agents raised $82 billion for general partner clients last year, reflecting continued momentum in fundraising support.

Personnel Moves Signal Strategic Shifts

EIV Capital promoted Jason Tracton to partner after his September 2022 arrival as managing director of EIV Resources, while Omni Partners appointed Roald Hunvik as partner in its first hire outside the UK from the Oslo office. Carlyle tapped Ian Fujiyama as chairman of its US/Europe-focused midmarket platform, leveraging his expertise in defense technology investing. Fujiyama noted that governments are increasingly focused on cyber capabilities, AI-enabled technologies, software, and autonomy, driving growth in ADG services.

Technology Investments Target Unconventional Markets

Triomics raised $22 million in Series B funding led by Battery Ventures to bring oncology-specific AI to cancer centers, while Click House tripled annualized revenue to $250 million as the database provider charts a path toward IPO within the next few years. These technology bets come amid broader market dynamics where over 127,000 workers at US-based tech companies were laid off in 2025, with job cuts continuing into 2026. The tech sector's volatility has created opportunities in historically "uninvestable" sectors, according to Crunchbase reporting.

Portfolio Company Consolidation Continues

Hg invested $500 million in Rightsline, a provider of rights and royalties management software, while Ambienta-backed No Dig Alliance acquired JS Drilling Solutions, a Sweden-based underground pipe installation business. Main Capital-backed Xait acquired Germany's SAE, which offers CPQ and variant management services, and Straylight Capital backed loyalty rewards provider Patron Points alongside co-investor Scaleworks. These add-on transactions demonstrate continued portfolio company consolidation across the private equity landscape.

Exit Activity and Realizations

CVC Capital Partners exited Naturgy with a €4 billion sale of its 13.8% stake after an eight-year holding period, ending its investment in the Spanish energy group. CVC Credit also reinforced its position in Curium, the Paris-headquartered nuclear medicine specialist, through a new debt and equity package supporting business refinancing. These exits reflect active realization strategies among European private equity firms.

Infrastructure and Data Center Focus

I Squared Capital committed up to $1 billion to launch a US data center platform targeting colocation and artificial intelligence inference workloads, joining other infrastructure-focused investors in the AI space. The commitment underscores continued private equity appetite for digital infrastructure assets amid the AI boom, with investors seeking exposure to both the compute and cooling requirements of next-generation data centers.

Market Challenges and Legal Issues

The private equity environment faces headwinds as Bek Ventures, formerly Earlybird Digital East, lost four investment team members in recent months, reflecting talent retention challenges in the sector. Legal proceedings also impacted the market as Balderton and AVP suffered an early blow in an unfair prejudice case, while broader discussions at industry events focused on investor relations optimization and record realizations among Japan's top private equity investors.