Private Equity 24 Hours

Last updated: June 18, 2026, 8:30 AM ET

Private Equity Dealmaking

A flurry of take-private transactions and platform acquisitions dominated the landscape this week as firms sought to deploy capital into specialized sectors. Altaris agreed to acquire the health tech firm Simulations Plus in a deal valued at $375m, with stockholders set to receive $18.50 per share. Meanwhile, Arcline is taking private the tech company Astro Nova in an enterprise-value transaction worth $272m, offering shareholders $29 per share. In the software space, a Blackstone-led consortium has seized control of customer-experience provider Medallia from Thoma Bravo, a move that follows a reported $5bn loss for the former owner on the asset.

Infrastructure and Energy

Pension funds and private equity firms are doubling down on infrastructure as a core growth pillar. CPP Investments committed $715m to scale the Ctrl S data center platform in India, reflecting the growing appetite for digital infrastructure in emerging markets. Energy assets are also seeing significant capital inflows, as I Squared Capital teamed up with the U.S. International Development Finance Corporation to establish a $3bn platform for critical power infrastructure across South and Southeast Asia. Supporting this trend, New Mountain Capital invested in power engineering firm Commonwealth Associates to capitalize on the rising demand for electricity grid upgrades.

Strategic Add-ons and Growth Capital

Portfolio companies are aggressively pursuing M&A to consolidate market share. Audax-backed Belmont Medical Technologies expanded its footprint by acquiring Arcos Inc, while DFW-backed Singlepoint Healthcare picked up the infusion services provider Healix. Industrial and specialized services are also in favor, with Peak Rock-backed Rochester Midland purchasing the water treatment firm Clarity Chem, and Stephens Group-backed Aptus Aero adding aircraft repair firm EMC Aerospace to its portfolio. Elsewhere, KPS Capital invested in the infrastructure products provider Jennmar, allowing existing shareholder Falcon Point Partners to retain a minority stake.

Secondaries and Fundraising

The secondaries market continues to mature as a vital liquidity tool for institutional investors. GIC is finalizing the sale of roughly $2bn in private credit assets, signaling a broader trend of sovereign wealth funds tapping the booming secondaries space for portfolio rotation. Market expansion remains a priority for intermediaries, as Flexstone agreed to acquire the secondaries firm Glouston, a move designed to accelerate growth by combining the two platforms into a $15bn-plus assets-under-management entity. Fundraising for flagship vehicles also continues, with Charterhouse surpassing its €1.5bn target as it prepares for a final close on its twelfth fund.

Venture and Tech Transitions

The venture capital ecosystem is recalibrating following high-profile exits and internal restructuring. PayPal Ventures is shuttering its corporate investment arm after a decade of activity, marking a shift in the company’s broader restructuring efforts. Meanwhile, the AI sector continues to draw massive interest, as General Atlantic is in talks to lead a $2bn-plus financing round for Chinese video generation firm Kling AI. Other segments of the tech market remain active, as Investcorp took a strategic stake in the UAE-headquartered IT distributor Metra, and BGF invested in the adventure travel business Wild Frontiers. In a notable board appointment, Roelof Botha joined the board of SpaceX, filling a vacancy at the company shortly after its public market debut.

Market Trends and Governance

Institutional focus is shifting toward long-term sustainability and the implications of rapid technological change. ICG’s Louis Dawant emphasized that inclusion strategies are essential for building resilient investment businesses, as GPs exert increasing influence over management teams and talent acquisition. Strategic advisors are warning that boards must proactively confront disruptive forces like quantum computing and AI rather than waiting for financial performance to decline. These considerations are becoming more complex for fund managers, who must navigate tougher fundraising timelines by maintaining closer, more transparent relationships with limited partners who are scrutinizing every stage of the capital allocation process.