Private Equity 24 Hours

Last updated: May 28, 2026, 2:32 AM ET

Deal Flow & Acquisitions

Private equity firms pursued strategic acquisitions across retail and technology platforms, with Modella Capital agreeing to acquire Flying Tiger Copenhagen in what marks its most ambitious move to build an international high-street platform. Digital Bridge advanced its infrastructure push with a $1.05 billion acquisition of Arc Light, comprising a $650 million base purchase price plus up to $400 million in contingent consideration. Fortress bolstered its intellectual property portfolio by acquiring IPValue, which has handled licensing for over 20,000 technology patents. In the automation sector, Shore Capital-backed Ondex Automation completed an acquisition of electrical engineering firm The Fitch Company, while Ambienta's No Dig Alliance added Sweden's JS Drilling Solutions to expand its underground pipe installation capabilities.

Hg made significant moves in IP-intensive sectors with a $500 million investment in Rightsline, a provider of rights and royalties management software, as the firm positions itself amid heightened activity in this space. Main Capital-backed Xait expanded into German markets through the acquisition of software company SAE, which offers CPQ and variant management services. Lovell Minnick-backed Xactus completed an acquisition that will operate as Xeda Link, an independent subsidiary, signaling continued consolidation in specialized technology services.

Personnel Moves & Leadership Changes

Carlyle reinforced its defense technology focus by tapping Ian Fujiyama as chairman of its US/Europe-focused midmarket platform, where he sees attractive opportunities in ADG services driven by geopolitics, security priorities, and greater resilience needs. Fujiyama noted that governments are increasingly focused on cyber capabilities, AI-enabled technologies, software, and autonomy. EIV Capital promoted Jason Tracton to partner, elevating the managing director who joined in September 2022 to lead EIV Resources. Omni Partners expanded internationally with its first hire outside the UK, appointing Roald Hunvik as partner based in Oslo.

Capital Raising & Investment Activity

Venture and growth capital remained active despite market headwinds, with Triomics securing a $22 million Series B round led by Battery Ventures to bring oncology-specific AI to cancer centers. Blackstone Life Sciences committed $1.3 billion in a strategic financing collaboration with Apogee Therapeutics, combining royalty and debt components. I Squared Capital launched a new platform targeting US AI inference data center infrastructure with a commitment of up to $1 billion, reflecting growing private equity interest in artificial intelligence capacity. KKR and Capital Group prepared an Asia expansion of their hybrid credit franchise through a public-private credit fund, marking their first move outside the United States.

Straylight Capital backed loyalty rewards provider Patron Points alongside Scaleworks co-investors, while Periscope Equity invested in payments technology firm Amusement Connect. The latter transaction saw John Tarpley and Frank Licausi take on CEO and chief customer and brand officer roles respectively, partnering with longtime president Tom Jayroe to drive growth.

Impact Investing & ESG Focus

Impact-focused investors intensified due diligence requirements as limited partners seek to lock in the impact mission of companies through continuation vehicles, according to panelists at PEI Group's Impact Investor Global Summit. Dutch pension giant APG broadened its impact focus as it works with general partners to achieve a €10 billion impact private equity target, leveraging its €615 billion asset base under senior responsible investment specialist Matteo Millone. CVC Capital Partners exited its Naturgy position with a €4 billion sale of its 13.8% stake, ending an eight-year holding period in the Spanish energy group.

Market Dynamics & Technology Trends

Despite ongoing tech sector layoffs affecting 127,000 workers at US-based companies in 2025, private equity continues to find opportunity in specialized technology applications. Click House tripled annualized revenue to $250 million while charting a path toward an initial public offering within the next few years. However, concerns about AI-driven decision making have emerged, with Box CEO Aaron Levie suggesting that tech executives suffer from "AI psychosis" and hold "almost religious belief in AI productivity gains."

Venture capital expanded into traditionally uninvestable sectors, creating opportunities for specialized founders to disrupt trillion-dollar industrial markets. This shift comes as Bek Ventures, formerly Earlybird Digital East, lost four investment team members over recent months, highlighting talent pressures across the European technology ecosystem. Meanwhile, placement agents raised $82 billion in new capital for general partner clients last year, indicating strong fundraising momentum despite market volatility.

Credit Markets & Financing

CVC Credit reinforced its position in Paris-headquartered nuclear medicine specialist Curium through a new debt and equity package supporting business refinancing. Capchase, described as the "Affirm for B2B," secured $200 million in combined financing including $26 million in equity and a $174 million credit facility. The company's funding round reflects continued private equity interest in business-to-business financing platforms serving mid-market companies.

Today marks the final deadline for Startup Battlefield 200 applications, with founders competing for $100,000 in equity-free funding. The program continues attracting attention from Italian and Spanish startups demonstrating 200%+ revenue growth over the past year, suggesting resilient entrepreneurial activity despite broader economic uncertainty.