Private Equity 24 Hours

Last updated: June 25, 2026, 11:30 PM ET

Dealmaking & Fundraising Activity

Private equity firms are actively deploying capital and raising substantial funds, signaling continued investor confidence. Main Capital Partners closed a record €5.25bn in software funds within six months, marking the largest buyout fundraise in the Netherlands. Meanwhile, KKR reported that its monetization activities between March 31 and June 24 exceeded $900 million, indicating a strong pace of capital returns to investors. In a significant move, Permira and Warburg Pincus are leading a group to take Clearwater Analytics private in an $8.4 billion transaction, with participation from Francisco Partners and Temasek. Adding to the sector's momentum, Carlyle launched a dedicated defense and reindustrialization fund, registered in June, to capitalize on evolving geopolitical and industrial trends.

Sector-Specific Investments

Technology and healthcare continue to attract significant private equity interest. Patronus AI, a startup focused on stress-testing AI agents founded by former Meta AI researchers, secured $50 million in funding amid what investors describe as "insatiable demand." In the digital infrastructure space, Blackstone and Bain Capital are advancing in the bidding for Fuji Media Holdings' $6.3 billion property arm, a deal that could be Japan's largest real estate transaction. Advent International is set to acquire Japan Wellbeing (JWB), a major integrated home care provider, from MBK Partners, marking its debut in the Japanese market. Furthermore, CVC plans to invest in the online chess platform Chess.com, with existing backer General Atlantic retaining a stake.

Strategic Acquisitions & Divestitures

Portfolio companies are also seeing strategic shifts and consolidations. Osprey Landscape Group, backed by Southfield, has acquired commercial landscape services firm Land Graphics. In a notable carve-out, Bain Capital is acquiring a 51% majority stake in Everllence from Volkswagen Group for €7.4 billion. Everllence specializes in propulsion, decarbonization, and efficiency products for maritime, energy, and industrial sectors. Separately, HarbourView acquired publishing rights to certain songs written by the Wolf Cousins collective, which includes prominent songwriters like Ilya Salmanzadeh and Oscar Holter. In the food sector, Quadrivio & Pambianco and Capdesia Group are acquiring Alice Pizza, Italy's largest fast-casual pizza chain, which operates 231 sites.

Financial & Operational Developments

The private equity ecosystem is evolving with new financing structures and a focus on operational enhancements. EQT has secured a sustainability-linked fund finance facility, reflecting a growing emphasis on materiality and impact in investment strategies. The secondaries market is grappling with benchmarking challenges, raising questions about how to effectively measure strategy performance against traditional private equity benchmarks Secondaries may have a benchmarking problem. In Europe, N26 has achieved profitability following a leadership shakeup, a positive development for the fintech sector. The burgeoning field of AI is seen as a competitive advantage for private equity, particularly when driven by experienced operators who can adapt to the constant emergence of new capabilities and evolving use cases The private equity AI advantage is built by operators.

UK Tech & Startup Ecosystem

Discussions around the future of UK tech investment are ongoing, with concerns about potential tax policies impacting growth. Brent Hoberman questioned whether the UK will "tax everyone to high hell" in a post-Starmer political landscape Brent Hoberman on UK tech post-Starmer: 'Are we going to tax everyone to high hell?'. Despite these concerns, the British Business Bank is actively supporting the venture capital ecosystem, backing 10 VC funds with a £90 million pot and eyeing a stake in the EU's €5 billion Scaleup Fund British Business Bank backs 10 VC funds with £90m pot and British Business Bank eyes stake in EU’s €5bn Scaleup Fund. Meanwhile, a strong year for startup M&A in the U.S. is on track for a record, with multiple multibillion-dollar transactions closing beyond high-profile deals like SpaceX's acquisition of Anysphere Cursor Deal Puts US On Track For Record Startup M&A Year.

Other Notable Transactions

Several other transactions highlight the breadth of private equity activity. HSG has completed its acquisition of luxury Italian sneaker brand Golden Goose, with Temasek and True Light Capital joining as minority shareholders. In the energy sector, Ambienta has exited its investment in Cap Vert, an environmental services provider, to Gimv. Omni-backed Infoshare has acquired 3C Consultants and Infoboss, both providers of data governance and compliance software. Bessemer-backed Mas Restaurant Group sold 43 Taco Bell locations in Ohio to Southpaw. Lastly, Blue Owl Capital is reportedly in advanced talks to acquire a minority stake in the NBA's Cleveland Cavaliers.