Private Equity 24 Hours

Last updated: June 24, 2026, 11:30 AM ET

Dealmaking & Fundraisings

Providence Equity Partners is nearing a £4.5 billion ($6 sale of theatre group ATG Entertainment to Ari Emanuel's Mari Group in exclusive talks. The sector also saw Bain Capital weighing a stake in its European data centre platform Hscale, with Dubai Holding among potential investors seeking fresh capital. Meanwhile, Menlo Ventures closed two funds totaling $3 billion, the largest capital raise in its 50-year history, primarily to back AI startups at all stages following its successful bet on Anthropic. Elsewhere, Valor Equity Partners is reportedly eyeing a $2.5 billion raise for its Fund VII, a move that follows its announcement last year of an unspecified capital raise seeking significant investment. In the secondary market, Painswick Capital is building its firm around the thesis of single-asset continuation vehicles, viewing them as a distinct private equity business focused on specific assets.

Software & Tech Investments

The software sector continues to attract significant private equity attention, with Dutch manager Main Capital raising €5.25 billion for its latest fund, focusing on 'mission-critical companies' less susceptible to AI-driven market volatility establishing a London office. Thoma Bravo made a growth investment in occupational health software firm Padoa, which serves clients across France and Europe bolstering its European presence. Apheon is acquiring Belgian business software and managed IT services provider Easi, which serves over 1,500 clients expanding its IT services portfolio. In the AI-driven health tech space, Innovius Capital-led startup XCures closed a $46 million Series B round to streamline medical records leveraging artificial intelligence. Separately, ACP backed Schneider Geospatial, a provider of GIS-based Saa S solutions for government technology, through an add-on acquisition of New England Geo Systems enhancing its government tech offerings.

Infrastructure & Data Centers

Blackstone is preparing to invest $30 billion in Japan's AI data centre infrastructure over the next three to five years, signaling a major expansion into the region's digital backbone targeting data center growth. This push into AI infrastructure is a broader trend, with DeepSeek, an AI model developer, raising $11.7 million in seed funding, having been handpicked for a robotics accelerator program securing early-stage capital. The demand for such infrastructure is partly driven by the increasing need for specialized computing power, a trend noted by Gigascale Capital founder Mike Schroepfer, who highlighted infrastructure as a strategic moat.

Add-on Acquisitions & Platform Building

Huron Capital-backed Exigent, a platform focused on HVAC, plumbing, and engineering services, acquired mechanical contractor Superior Building Services expanding its service offerings. Inflexion also saw its portfolio company Ranger Fire and Security make two add-on acquisitions: Scion Communications and Emerald Fire Technology broadening its security services. Separately, Mangrove Equity launched its new platform, Peak Pavement Group, simultaneously adding HD Sealcoating & Paving Solutions and Maintain It All, LLC to the platform building a paving conglomerate. In the healthcare sector, Brightstar Capital acquired healthcare architecture firm Erdman, which will operate as an add-on to its existing portfolio company, KZF Design strengthening its healthcare design capabilities.

Sector-Specific Investments

Orangewood Partners, alongside Great Hill and Bessemer, are investing in restaurant and retail franchises, leveraging AI to transform customer feedback and service betting on franchise models. In the logistics sector, Quad-C invested in Armstrong Transport Group, with the executive management team retaining significant ownership supporting logistics growth. Reverence Capital is set to invest in CPA firm Eide Bailly, aiming to accelerate its strategy and expand innovation and client service boosting accounting services. New Mountain has invested in engineering firm RRC Companies, appointing Dr. Hisham Mahmoud as chairman of the board adding engineering expertise. In the energy sector, Ara Partners is selling advanced magnetics company Vacuumschmelze to Energy Fuels for $1.9 billion divesting a specialty materials firm.

Other Notable Activities

Platinum Equity has emerged as the sole bidder for Nestlé's water business after CD&R exited the auction process pursuing a significant consumer deal. Juggernaut Capital Partners is teaming up with former football star Gareth Bale to pursue a controlling stake in a football club, with plans to expand into golf and women's sports exploring sports investments. In credit markets, Sea Town Private Credit Fund III, managed by Temasek-owned Sea Town Holdings, and Oman's sovereign wealth fund anchored a $255 million strategic investment in Vinpearl participating in private credit. Allianz Global Investors held the first close of its Allianz Asia Pacific Secured Lending Fund III, securing $744 million in commitments for its latest private credit fund gathering capital for Asia-Pacific. The fund finance sector is experiencing accelerated change due to increased institutional investor appetite, liquidity access, and bespoke structures adapting to new market dynamics. Acorn Capital is selling Berry Aviation for $105 million to Bristow Group, a provider of vertical flight solutions exiting an aviation services company. Teleo Capital acquired pharma manufacturing intelligence platform Modersys from Applied Materials, Inc. expanding into specialized software. HIG Capital appointed Carlos Couret as managing director and head of lower mid-market private equity in Spain strengthening its Iberian presence.