Private Equity 24 Hours

Last updated: June 16, 2026, 8:30 PM ET

Deal Activity & Sector Expansion

Rubicon injected capital into case‑management software provider Case Worthy, bolstering the firm’s capacity to serve non‑profit and government clients as demand for digital social‑service tools surges. In parallel, SpaceX secured a $60bn AI‑coding acquisition, buying Cursor to embed generative‑code capabilities into its aerospace software stack, a move that underscores the growing convergence of AI and high‑tech manufacturing. Meanwhile, DelCam‑backed Space Age Electronics purchased SprinkGuard, adding fire‑safety hardware to its portfolio and expanding its footprint in the life‑safety market.

Strategic Exits & Recapitalizations

HIG Capital divested its stake in retail‑commerce agency Bluebird as founders teamed with Bertram Capital for a founder‑led recap, reflecting a broader trend of PE firms exiting mature, cash‑generating service businesses. Similarly, CVC acquired a majority interest in prosthetics manufacturer Willow Wood, positioning the firm to leverage CVC’s global distribution network to accelerate growth in the medical‑device segment. On the advisory side, LGP completed the purchase of Cumming Group from New Mountain, adding a large‑scale construction‑consulting platform that serves over 4,000 clients, including 41 Fortune 100 firms, to its infrastructure portfolio.

Infrastructure & Data‑Center Play

Lead Edge Capital bought Elektrik, an electric‑components procurement platform that supplies data‑center operators, highlighting private‑equity interest in the power‑supply chain that underpins the cloud boom. In Europe, Cathay Capital took a controlling stake in product‑data Saa S firm Equadis, whose client roster features Procter & Gamble and Unilever, further cementing the firm’s focus on B2B software that fuels supply‑chain digitization. Complementing these moves, EQT’s Intertek take‑private attracted £5bn of bank financing proposals, indicating aggressive lender competition to fund take‑private transactions in quality‑testing services that benefit from heightened regulatory scrutiny.

Consumer Brands & Turnarounds

Long Range Capital agreed to acquire Pizza Hut for $1.5bn, excluding the China franchise, marking one of the largest recent purchases of a legacy restaurant chain and signaling confidence in the brand’s ability to rebound under a focused private‑equity owner. In the dairy space, Hoffmann Family of Companies purchased Cedar Crest Ice Cream, appointing Oberweis Dairy CEO Renato DePaolis to lead the integration, a strategy aimed at consolidating regional ice‑cream assets for scale efficiencies. Additionally, Gemspring‑backed Residence bought influencer‑marketing agency GateMaker, expanding its creator‑network capabilities and tapping the growing spend on performance‑based digital advertising.

Funding Trends & Market Outlook

Blackstone‑owned Ancestry lined up a $2.25bn loan to refinance debt, reflecting continued reliance on bespoke credit solutions to manage balance‑sheet leverage in high‑growth consumer‑data businesses. Across the Atlantic, Alantra Private Equity added two dental laboratories to its AIVORIQ platform, boosting the platform’s revenue base to roughly €40 million and illustrating the appeal of fragmented health‑service niches. Finally, Jardine Matheson shifted to a private‑equity model with a $500 m buyback, underscoring a broader move among conglomerates to adopt active‑investment structures that can unlock value through targeted asset sales and capital recycling.