Private Equity 24 Hours

Last updated: June 15, 2026, 8:31 AM ET

Deal Activity & Portfolio Moves

L Catterton-backed Birkenstock prepared a €900 million bond sale to fund share buybacks, marking the German footwear maker's first debt offering in over five years as private equity owners seek liquidity. Meanwhile, Sycamore Partners' auction of Boots lost a bidder when Australia's Sigma Healthcare withdrew from the process for the UK pharmacy chain, narrowing the field for one of Europe's largest retail assets. In a contrasting move, Inflexion completed a majority investment in Ranger Fire and Security while Hyperion Equity Partners made a substantial re-investment, and separately, Oakley Capital abandoned its pursuit of London-listed Gamma Communications after deciding not to make an offer for the telecoms business.

Credit Markets & Capital Raising

Blue Owl Capital led a €355 million credit facility for Veld Capital that includes follow-on capital to capitalize on an existing pipeline, reflecting continued private credit demand for growth-oriented strategies. On the exit front, Aurelius sold SEG Electronics to Arteche Group, divesting the protection relay manufacturer that serves more than 300 customers across 50 countries in the medium-voltage power grid sector. Separately, Partners Group co-founder Urs Wietlisbach carved out a separate family office unit in a succession planning move, creating distinct management structures for the Swiss private equity billionaire's wealth.

Technology & Healthcare Transformations

Healthcare investors navigate a shifting landscape as dealmakers from Arlington Capital, Bain Capital, EQT, and Permira adjust strategies amid tech transformation and reimbursement changes reshaping the sector. The Saa S model faces fundamental changes as AI and large language models force founders to prioritize measurable business outcomes and defensible workflow ownership over traditional software delivery. This shift comes as U.S. companies capture nearly 80% of global AI funding in 2026, a stark divergence from pre-boom years when European and Asian startups commanded larger shares of early-stage capital.

Emerging Growth & Climate Tech

Orbio raised $21 million in a Series A led by Dawn Capital to automate hiring and onboarding for frontline workers, targeting the underserved segment of hourly and shift-based employment. European tech gains momentum with renewed investor confidence and founder ambition, suggesting a potential reversal from years of capital scarcity on the continent. Amazon launches a search for next-generation climate technology startups, signaling major tech companies' continued push into environmental solutions. The moves occur as the UK tests military AI deployment at startup speeds, reflecting government efforts to accelerate defense technology adoption amid broader public sector innovation initiatives.