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Private Equity 24 Hours

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9 articles summarized · Last updated: LATEST

Last updated: July 6, 2026, 5:30 AM ET

Fundraising & Dealmaking Activity

Private equity firms are demonstrating continued appetite for dealmaking and fundraising, with several significant transactions and capital raises announced. Lone Star has agreed to acquire Conti Tech, the rubber and thermoplastics unit of Continental, for €4 billion Lone Star agrees. In a separate development, Warburg Pincus is set to exit its stake in Singular Bank, a private banking specialist, selling to a consortium led by ING Warburg Pincus to exit. Foresight is actively pursuing opportunities in industrial decarbonization, with managing partner Dan Wells noting a "strong flow of opportunities across decentralized energy systems," despite macroeconomic headwinds and higher financing costs Foresight eyes industrial decarbonization.

Capital raising remains robust, particularly for mid-market and secondaries strategies. CVC Capital Partners announced the final close of its European-focused CVC Catalyst III fund, amassing approximately €3 billion, nearly double its initial target CVC closes mid-market fund. Additionally, Eurazeo surpassed its fundraising goal for its largest-ever secondaries vehicle, Fund V, which raised over €2.3 billion, more than double its predecessor fund Eurazeo surpasses target.

Market Trends & Valuations

The current market environment is characterized by a dynamic interplay of AI-driven innovation and a recalibration of valuations, particularly in the technology sector. Despite a general investor caution influenced by economic uncertainty and elevated financing costs, underlying structural drivers for investment remain strong Foresight’s Dan Wells. The surge in artificial intelligence has been a significant catalyst, leading to the creation of nearly 90 new unicorns globally so far this year, as investor enthusiasm for AI-related startups intensifies Almost 90 new unicorns. Meanwhile, within China, the private equity market is undergoing a reset, potentially offering a more disciplined investment landscape for investors who maintain conviction in the region Chinese PE: retreat repositioning. Even lesser-known companies like Bending Spoons, the owner of AOL and Vimeo, have built substantial portfolios serving over a billion users, illustrating the scale of impact from privately held tech entities What Bending Spoons?.