Private Equity 24 Hours

Last updated: June 24, 2026, 8:30 PM ET

AI & TECHNOLOGY INFRASTRUCTURE

Abu Dhabi's MGX raised nearly $50bn for one of the largest funds ever dedicated to artificial intelligence, signaling aggressive investment in AI infrastructure and technology. This follows Blackstone's preparation to pour $30bn into Japan's AI data center sector over the next three to five years, underscoring a global push to build out the physical and digital backbone for AI development. In a related move, DeepMind backed a robotics accelerator that has now secured $11.7 million in seed funding, indicating growing interest in the foundational technologies powering AI. The drive for AI is also influencing traditional sectors, with Orangewood Partners, Great Hill, and Bessemer betting on franchises that leverage AI for customer feedback and service in restaurants and retail.

FUNDRAISING & FUND STRATEGIES

Valor Equity Partners is seeking to raise $2.5 billion for its seventh fund, a move that signals continued investor appetite for private equity. Meanwhile, Dutch manager Main Capital successfully raised €5.25bn for its fund focused on software and IT services, with its managing partner noting that their focus on "mission-critical companies" insulates them from broader market volatility. The European fund finance sector is evolving, with panellists at an FFA conference noting an increased appetite from institutional investors and a proliferation of bespoke structures that have accelerated change in fund finance. This shift towards a multi-instrument, life-cycle approach is also reflected in State Street's observation that limited partners are seeking greater exposure to private markets.

DEALS & ACQUISITIONS

Providence Equity Partners is in exclusive talks to sell its theatre group ATG Entertainment to Ari Emanuel's Mari Group for approximately $6 billion, marking a significant exit in the entertainment sector. In technology services, LightBay Capital is backing IT managed services provider Centre Technologies, which serves over 750 clients across Texas and Oklahoma. Elsewhere, HiGro Group-backed Daida has acquired intelligent document processing firm Scan-Optics, expanding its business process and digital workflow services. The automotive sector saw One Equity-backed PGW acquire Windshield Surgeons, a distributor of automotive replacement glass.

HEALTHCARE & TECHNOLOGY INVESTMENTS

Chicago Pacific Founders is supporting health tech firm Attune to accelerate its platform roadmap and expand its omnichannel capabilities. In a move to clean up medical records, XCures has secured $46 million in Series B financing, utilizing AI to streamline patient data. This followsThoma Bravo's investment in Padoa, a European provider of occupational health and safety software, which serves employers and employees across France and Europe.

GOVERNMENT & INFRASTRUCTURE TECHNOLOGY

ACP-backed Schneider Geospatial is expanding its offerings with the acquisition of govtech firm New England Geo Systems, bolstering its suite of GIS-based Saa S solutions for government clients. In the engineering sector, New Mountain has invested in RRC Companies, appointing Dr. Hisham Mahmoud as chairman of the board.

PRIVATE MARKETS & CONTINUATION VEHICLES

Painswick Capital views single-asset continuation vehicles as a core private equity business, with its firm strategy built around this thesis. This approach to asset management is gaining traction as investors seek to manage portfolios effectively.

STRATEGIC INVESTMENTS & EXPANSIONS

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. In a strategic private credit deal, Temasek's Sea Town and Oman's sovereign fund have anchored a $255 million investment in Vinpearl. Meanwhile, HIG Capital has appointed Carlos Couret as managing director and head of lower mid-market private equity in Spain, signaling a focus on expanding its presence in the Spanish market.

INDUSTRY EXPANSIONS & ADD-ONS

Inflexion-backed Ranger Fire and Security has made two add-on acquisitions, Scion Communications and Emerald Fire Technology, to broaden its service offerings. In the logistics sector, Quad-C has invested in Armstrong Transport Group, with the executive management team retaining significant ownership.

SOFTWARE & IT SERVICES

Apheon has invested in software and IT services business Easi, alongside Thoma Bravo's investment in Padoa. In Italy, Ambienta has taken a stake in GFF, a developer of natural flavors for food and beverage clients.

SECONDARY MARKETS

South Korean investment bank KB Securities is open to partnerships in both LP-led and GP-led secondary transactions, particularly within South Korea, Japan, Hong Kong, Singapore, and the U.S.

EXITS & DIVESTITURES

Ara Partners is set to sell advanced magnetics company Vacuumschmelze to Energy Fuels in a $1.9 billion transaction. Vacuumschmelze holds over 400 patents and serves more than 1,000 customers.