Private Equity 24 Hours

Last updated: June 18, 2026, 2:30 PM ET

Private Equity M&A and Take-Privates

The market for public-to-private transactions remains active as Altaris agreed to acquire health tech firm Simulations Plus in a deal valued at $375M, offering stockholders $18.50 per share. Meanwhile, exit activity is showing signs of life as Platinum Equity prepares to divest HVAC equipment supplier Heat Controller, a business it originally brought into its portfolio via the 2024 acquisition of Motors & Armatures, Inc. Despite record levels of dry powder capital held by firms, the rate of companies testing the market remains high even as actual deal closures proceed at a measured pace.

Industrial and Infrastructure Consolidation

Private equity firms are aggressively targeting infrastructure and industrial assets to bolster their portfolios. KPS Capital has invested in Jennmar, a provider of infrastructure products, while allowing previous backer Falcon Point Partners to retain a significant minority stake. In the UK, FSG has acquired the manufacturer Custom Alloy Corporation to expand its high-specification forging capabilities for aerospace and defense markets. Further demonstrating this industrial focus, Riverside Company has invested in Asset Intel, a software firm that helps government agencies manage critical infrastructure, while Bertram Capital-backed Ridgeline Roofing continues its consolidation strategy by snapping up Freedom Roofing & Construction.

Healthcare and Specialized Services

Specialized service providers are seeing significant M&A interest as firms seek to capture niche market share. Avista-backed EBI has acquired the bone healing unit Xstim from Precision Medical Products, strengthening its position in bone growth stimulation solutions. In the healthcare services sector, DFW-backed Singlepoint Healthcare has purchased infusion services provider Healix to expand its care offerings for patients with inflammatory diseases. This sector activity is mirrored in the software space, where Infoshare has picked up DEF Software, a provider serving more than 60 municipal councils across the UK.

Fundraising and Market Strategy

Firm fundraising cycles are reaching key milestones, as Charterhouse has surpassed its €1.5bn target for its latest flagship fund, with a final close for Charterhouse Capital Partners XII anticipated after the summer. This activity occurs against the backdrop of a growing focus on infra secondaries by institutional players like Allianz Global Investors, who see significant value in the undercapitalized sub-asset class. While structural elements require careful navigation in this space, firms are increasingly prioritizing inclusive leadership practices to build resilient investment teams and influence better management outcomes. Meanwhile, firms are strengthening market coverage through strategic personnel moves, such as Arsenal Capital appointing a dedicated head of industrial growth business development.

Technology and Venture Growth

The broader technology ecosystem continues to see capital deployment despite shifting valuation models. EQT is set to acquire satellite deployment technology firm Exolaunch to capitalize on the growing demand for mission management in space. In the software startup space, Flagright has raised $12.5m to fuel its expansion into the US market, while BGF has invested in adventure travel provider Wild Frontiers to support its global operations. As firms evaluate the impact of AI, experts warn that boards must confront disruption rather than waiting for performance to decline, especially as AI lowers the barrier to software entry and shifts the definition of defensibility for early-stage companies.

Global Market Observations

Exit environments remain a point of discussion, with Nordic Capital set to acquire the finance platform Liberis as part of a broader trend of firms seeking liquidity. As the industry looks for new opportunities, investors are actively tracking European industrial tech businesses, with 64 startups currently identified as high-potential. Market observers note that Europe may benefit from regulatory shifts in the AI space, while venture capital veterans like Chi-Hua Chien are betting that the most successful AI winners will be those providing practical utility rather than just selling AI tools. In a notable development for corporate governance, Roelof Botha has joined the board of directors at SpaceX, filling a vacancy following the company's recent high-profile IPO. Finally, the pipeline of spinouts continues to grow as university-linked startups prepare for their next funding rounds, while firms like Charterhouse enjoy a return to form amidst a changing competitive landscape for long-standing European asset managers.