Private Equity 24 Hours

Last updated: May 27, 2026, 11:30 PM ET

Deal Activity & Platform Expansion Modella Capital’s high‑street roll‑up accelerated with the agreed purchase of Flying Tiger Copenhagen, a move that adds roughly 300 stores across Europe and deepens the firm’s focus on consumer‑goods platforms. At the same time, DigitalBridge sealed a $1.05bn acquisition of ArcLight, combining a $650 m base price with up to $400 m of contingent consideration to broaden its digital‑infrastructure portfolio in Europe and North America. The twin transactions illustrate private‑equity firms’ push to consolidate fragmented retail and data‑center assets as investors seek scale‑driven earnings growth.

Impact‑Focused Capital Deployment APG’s €10bn impact‑PE ambition was reinforced by senior specialist Matteo Millone’s announcement that the Dutch pension giant will channel additional capital into environmental and social‑mission funds, extending its existing €615bn asset base. Parallel to this, Impact‑focused LPs are tightening CV diligence after a PEI Group summit, with limited partners demanding more granular impact‑metric reporting to lock in mission alignment. The heightened scrutiny is prompting General Partners to embed ESG clauses into fund documents, a shift that could sharpen the valuation premium on impact‑oriented deals.

Credit & Refinancing Moves* CVC Credit reinforced its stake in Curium through a blended debt‑equity package that refinances the Paris‑based nuclear‑medicine specialist, providing liquidity for pipeline expansion and R&D. In a separate but related trend, CVC exited Naturgy for €4bn, selling its 13.8% holding and ending an eight‑year investment, thereby freeing capital for new credit opportunities in the energy transition space. Both actions underscore how PE credit arms are leveraging refinancing to lock in returns while redeploying capital into high‑growth sectors.**

Technology‑Enabled Financing Capchase secured a $200 m financing package, comprising $26 m of equity and a $174 m credit facility, positioning the “Affirm for B2B” startup to expand its receivables‑financing platform across Saa S companies. Meanwhile, Blackstone Life Sciences arranged up to $1.3bn of royalty and debt financing for Apogee Therapeutics, a deal that blends milestone‑linked royalties with senior debt to fund late‑stage oncology trials. These structures reflect a broader private‑equity trend of pairing capital with revenue‑share mechanisms to mitigate risk while supporting high‑margin biotech pipelines.

Mid‑Market Platform Leadership Carlyle appointed Ian Fujiyama as chairman of its US/Europe mid‑market platform, tasking him with steering cross‑border investments in sectors ranging from defense‑tech to HR software, as highlighted in his separate commentary on ADG services opportunities Carlyle’s Fujiyama on ADG services. The leadership change aims to centralise deal sourcing and accelerate execution in a market where mid‑cap buyouts are increasingly competitive. Complementing this, Omni Partners added Roald Hunvik as its first partner outside the UK, expanding the Oslo‑based firm’s footprint into Scandinavia and signalling confidence in the region’s growth‑stage pipeline.

Sector‑Specific Acquisitions Ondex Automation’s purchase of The Fitch Company adds electrical‑engineering capabilities to the Chicago‑based automation integrator, enhancing its service offering for discrete‑manufacturing clients. In the rights‑and‑royalties niche, Hg invested $500 m in Rightsline, a software provider that streamlines IP‑licensing workflows for media and biotech firms, while No Dig Alliance acquired Sweden’s JS Drilling Solutions to broaden its underground‑infrastructure services. Both moves illustrate how private equity is targeting specialized technology enablers to capture recurring‑revenue streams.

Fundraising & Placement Agent Momentum Placement agents raised $82bn for GP clients in 2025, a rebound that reflects strong limited‑partner appetite for new vintage funds despite macro‑uncertainty. This capital influx is feeding deals such as Straylight Capital’s backing of loyalty‑rewards platform Patron Points and Periscope Equity’s investment in payments‑tech firm Amusement Connect, where co‑investors are leveraging the revived fundraising environment to secure footholds in high‑growth fintech niches. The data suggest that while dry‑powder remains abundant, allocation decisions are increasingly dictated by sector‑specific growth narratives.