Private Equity 24 Hours

Last updated: June 15, 2026, 2:30 PM ET

AI‑Focused Credit & Corporate Finance* Apollo and Blackstone sealed a $35bn private‑credit facility to back Anthropic’s next‑generation AI chips, underscoring private‑equity firms’ appetite for large‑scale tech financing. The same week, Birkenstock prepared a €900m bond to fund shareholder buybacks, marking the German footwear maker’s first debt issuance in over five years and reflecting L Catterton‑backed sponsors’ use of capital markets to return cash to investors.**

Major Exits and Valuations

Morgan Stanley completed a $1.6bn sale of Brazos Delaware II, delivering an 8x 2027 EBITDA multiple and highlighting the firm’s continued monetisation of legacy credit assets. Shortly after, H.I.G. Capital sold CRO Celerion for $1.8bn to THL Partners, a deal that reinforces the premium placed on clinical‑research platforms amid heightened demand for outsourced drug development services.

Healthcare Continuation and Growth Capital

Abry Partners closed a $780m continuation fund for Centauri Health, allowing the firm to retain a top‑performing health‑services asset while providing liquidity to existing investors. In a parallel move, Prime Radiant deployed $50m into Cellares, its inaugural growth‑equity investment, signalling confidence in emerging cell‑therapy manufacturing technologies.

Fintech Consolidation and Activist Pressure

Nuvei’s $2.75bn take‑private of Payoneer expands the Advent‑backed payments operator’s global footprint and creates a platform for cross‑border transaction synergies. Meanwhile, Elliott built a near‑5% stake in Bunzl and is urging the distributor to launch sizable buybacks and evaluate a breakup, illustrating how activist investors continue to shape capital‑return strategies in mature consumer‑goods businesses.

Strategic Stake‑Builds and University Partnerships

L Catterton entered exclusive talks to acquire a stake in Hyrox, the fast‑growing extreme‑fitness brand, reflecting private‑equity interest in health‑and‑wellness categories with strong consumer loyalty. At the same time, Otro Capital invested in Crimson Brand Partners to manage commercial operations for Utah Athletics, showcasing how PE capital is being deployed to monetise collegiate branding and sponsorship assets.

Credit Vehicle Fundraising

Blue Owl led a €355m credit continuation vehicle for Veld Capital, providing follow‑on capital to capitalise on an already robust pipeline of European middle‑market deals. Complementing this, Argosy doubled its fund size with a $145m raise, targeting small‑deal secondary opportunities and signaling persistent investor appetite for niche, lower‑ticket assets.

Leadership Realignments in Legacy Institutions

Partners Group co‑founder Urs Wietlisbach split his family office to create a separate investment vehicle, a succession move that may inspire similar restructurings among veteran private‑equity families seeking generational continuity and strategic focus.