Private Equity 24 Hours

Last updated: June 18, 2026, 5:30 AM ET

Private Equity & M&A

Private equity firms are aggressively deploying capital into specialized healthcare and industrial services, as evidenced by Altaris acquiring Simulations Plus in a $375m take-private deal that offers shareholders $18.50 per share. This trend extends to the medical technology sector where Belmont Medical Technologies picked up Arcos Inc and Singlepoint Healthcare acquired Healix to bolster their respective infusion and patient-management service platforms. Meanwhile, CVC Catalyst secured a majority stake in Willow Wood, a leader in prosthetic components, as private equity continues to consolidate mid-market health assets.

Industrial infrastructure remains a primary focus for long-term capital, with KPS Capital investing in Jennmar to support its expansion, while TPG acquired Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners. Furthering this industrial push, New Mountain Capital invested in Commonwealth Associates to capitalize on the surging demand for power grid engineering services, and Arcline took AstroNova private in a transaction valuing the enterprise at approximately $272 million. These moves mirror the broader consolidation seen in the aviation sector, where Aptus Aero snapped up EMC Aerospace and KKR committed an additional $1.4bn to Altavair to expand its aircraft leasing and lending portfolio.

Software, Tech & AI Infrastructure

The market for AI and software assets is undergoing a major shift, highlighted by a Blackstone-led consortium taking control of Medallia from Thoma Bravo in a deal that crystallizes a $5bn loss for the latter. In the carveout space, Montagu agreed to acquire BMC Helix to capture demand for agentic AI Service Ops platforms, while Clearlake-backed Quest Software acquired Anetac to enhance its cybersecurity offerings. These deals coincide with massive capital deployment in data centers, as CPP Investments committed $715m to Ctrl S to scale its digital infrastructure footprint in India.

Venture capital strategies are evolving as PayPal Ventures shutters its operations following a decade of investment, even as other players double down on the sector. General Atlantic is in early talks to lead a $2bn-plus round for Kling AI, while CuspAI eyes a $2.6bn valuation with backing from high-profile investors. The shift toward specialized AI infrastructure is attracting significant talent and capital, illustrated by three ex-Palantir engineers raising $60m for an agentic operating system and Roelof Botha joining the board of SpaceX following the company's recent public market debut.

Secondaries, Fundraising & Market Dynamics

The private credit and secondaries markets are seeing record-breaking activity as firms seek liquidity and portfolio optimization. GIC is finalizing a $2bn sale of private credit assets, tapping into the booming secondaries market, while Flexstone agreed to acquire Glouston to create a platform managing over $15 billion in assets. These transactions reflect a broader push by Blackstone to launch Sable Pointe, a new credit platform focused on the rapidly growing field of asset-based lending.

Fund managers are navigating a difficult environment, as GPs adopt new strategies to keep LPs engaged amidst extended fundraising timelines and increased investor scrutiny. Despite these pressures, Clearlake Capital recently closed a $14.8bn raise, proving that scale and evergreen structures remain attractive in the current climate. This focus on long-term institutional stability is mirrored in the strategic steps taken by Investcorp in the MENA region, where it took a stake in IT distributor Metra, and H.I.G. Capital's exit from The Bluebird Group, which was facilitated by a recapitalization led by Bertram Capital.

Industry Trends & Leadership

Diversity and inclusion have moved from a peripheral concern to a core component of investment thesis construction, with ICG’s Louis Dawant emphasizing that capital allocation now influences leadership and management team formation. This evolution in the workforce is mirrored by Black founders turning to venture investing to address funding gaps and influence the venture capital ecosystem. Firms are also emphasizing internal growth, noted by Gen Nx360 Capital promoting Pratik Rajeevan to partner following his work on over 40 platform and add-on transactions.

As the industry looks toward future growth, Carta’s Hamza Shad points to an open IPO window for AI infrastructure businesses, suggesting a potential exit path for many current portfolio companies. The debate over the future of the European tech sector continues, with Mistral CEO pitching open-source AI as a defense against state intervention, while others look to Nordic Capital’s $8.9bn exit of Clario as a benchmark for how pharma digitalization can drive massive returns. These cultural and technical shifts are further supported by Trinity Hunt-backed Allvia acquiring Smith Communication Partners, as specialized services platforms continue to scale their operations across the continent.