Private Equity 24 Hours

Last updated: June 16, 2026, 5:30 PM ET

Deal Activity Across Sectors

Rubicon injected capital into case‑management software firm Case Worthy, expanding its foothold in nonprofit and government tech services. Meanwhile, SpaceX secured a $60bn acquisition of AI‑coding platform Cursor, marking the year’s largest startup deal and giving the launch‑crazed conglomerate a direct line to enterprise software developers. In the safety‑equipment space, DelCam‑backed Space Age Electronics closed on SprinkGuard, adding fire‑suppression hardware to its portfolio and broadening its product line for commercial and industrial clients.

Exit and Recapitalisation Moves

HIG Capital divested its stake in retail‑commerce agency Bluebird as the firm underwent a founder‑led recapitalisation with Bertram Capital, unlocking liquidity after a period of rapid growth in omnichannel services. Similarly, CVC took a majority position in prosthetic manufacturer Willow Wood, positioning the private‑equity house to benefit from rising demand for advanced limb technologies driven by an aging population and insurance reimbursements. On the infrastructure front, CAI Capital‑backed GreenArrow bought HBC Company, an electrical contractor that will augment Green Arrow’s transportation‑infrastructure services across the Midwest.

Strategic Platform Acquisitions

Flatirons added Scope AR to its portfolio, giving the Boulder‑based firm a foothold in enterprise AI for aerospace, aviation and defence maintenance procedures. In the professional‑services arena, LGP acquired Cumming Group from New Mountain, expanding its advisory capabilities for over 4,000 clients, including 41 Fortune 100 firms, and reinforcing LGP’s push into high‑margin consulting assets. Across the data‑center supply chain, Lead Edge Capital snapped up Elektrik, a procurement platform for electric components, underscoring private‑equity interest in the growing power‑delivery ecosystem that underpins cloud‑computing growth.

Consumer‑Facing Transactions

Long Range Capital agreed to purchase Pizza Hut for $2.7bn from Yum! Brands, a deal that separates the struggling global chain from its parent and gives the buyer a platform to revitalize the brand through menu innovation and franchise restructuring. The transaction appears in two filings that list the price at $1.5bn for U.S. operations and $1.2bn for the rest of the world, excluding China, highlighting the fragmented valuation approach private investors now employ for legacy restaurant assets. In a complementary move, Hoffmann Family of Companies acquired Cedar Crest Ice Cream, adding a regional dairy brand to its portfolio and leveraging Oberweis Dairy’s leadership to scale distribution in the Midwest.

Technology‑Focused Growth Capital

Francisco Partners completed its purchase of Efficient IP, a provider of DNS, DHCP and IP‑address‑management security software, reinforcing the firm’s bet on network‑infrastructure cybersecurity amid rising ransomware activity. Parallel to this, Chronograph secured over $140 m from Sixth Street Growth, bolstering the fintech’s funding round and enabling further development of its real‑time payment‑tracking platform for digital‑native merchants. In the govtech space, Renovus‑backed xFact bought Stonewall, expanding its digital‑transformation suite for public‑sector clients and positioning the combined entity to capture rising municipal‑software spend.

Financing and Secondary Market Trends

EQ T’s Intertek take‑private attracted £5bn of bank financing proposals, reflecting intense lender competition to fund large‑scale leveraged buyouts in the UK testing‑services market. Meanwhile, CalPERS appointed a new alts head tasked with overseeing private‑credit, real‑estate and infrastructure allocations, signaling the pension giant’s push to capture higher yields in a low‑interest environment. Across Europe, JST began investing in infra secondaries, diversifying its university‑endowment portfolio despite staffing shortages, a move that mirrors broader sovereign‑wealth fund strategies to acquire mature, cash‑generating infrastructure assets at discount to primary market pricing.