Private Equity 24-Hour Briefing
×Last updated: July 6, 2026, 11:31 PM ET
Deal Activity & Fundraises
Private equity firms continued their dealmaking pace this week, with a focus on industrial and technology sectors. NMS-backed Surplus Solutions scooped up pehub.com health tech firm DCM Bio Services, while Rotunda-backed RMH Systems acquired pehub.com material handling integrator Top Shelf. In a significant move, CVC agreed to sell premium marina operator D-Marin to Infra Via Capital Partners, following CVC’s earlier acquisition of ingredients group Irca from Advent. Argosy took a controlling stake pehub.com in logistics firm K&L Freight Management, specializing in time-sensitive freight services.
Blackstone acquired Dresser Utility Solutions from First Reserve, marking the first deal from its new energy transition fund. Permira is backing Iberian engineering group Quadrante in its second Energy Transition deal Permira invest pehub.com, while Avance backed pehub.com infrastructure firm Lexxel. EQT is expanding its Asian mid-market presence with the acquisition of parking technology group Orikan EQT to acquire. In a large transaction, Lone Star Funds agreed pehub.com Conti Tech from Continental for €4bn. Capmont is carving out Dyneon, a fluoropolymer manufacturer, from 3M Deutschland Capmont carve out pehub.com.
In the secondaries market, Eurazeo successfully closed its fifth secondaries program at €2.3bn, surpassing its €2bn target. Separately, CVC closed its mid-market fund Catalyst III at €3bn, nearly double its target. Investor intentions signal a growing appetite for specific strategies, with JRT Partners looking to increase privateequityinternational.com exposure to secondaries.
Sector Focus & Investor Strategies
Energy transition remains a key theme for investors. Blackstone Energy Transition Partners pehub.com completed its first deal with the acquisition of Dresser Utility Solutions. Foresight is actively pursuing opportunities in industrial decarbonization and decentralized energy systems, noting a continued strong flow of opportunities despite macroeconomic headwinds Foresight’s Dan Wells pehub.com.
The technology sector also saw notable activity. Bridgepoint backed pehub.com Skello, an AI-powered HR management software provider, with a €200m investment. Thought Machine, an AI-driven core banking technology firm, achieved $100m in annual recurring revenue and aims to double it before a potential IPO Thought Machine hit $100m sifted.eu.
Novo Holdings is targeting pehub.com energy investments and larger deal sizes, while also exploring carving out an allocation for private equity GPs. Mubadala Capital has opened its $25bn credit platform to outside investors for the first time Mubadala Capital opens.
Market Commentary & Trends
Commentary from industry leaders highlights evolving market dynamics. The illusion of uniform success in private equity is fading, with managers needing to adapt to new realities Private equity model isn’t broken privateequityinternational.com. The shape of a fund matters, but trust between managers and investors is paramount in fundraising new rules fundraising pehub.com.
Despite a challenging environment, Japan’s GPIF pension fund saw privateequityinternational.com its PE portfolio grow by 26%, adding approximately $1.4bn year-on-year. Venture capital limited partners are increasingly concentrating investments in megafunds, potentially sacrificing higher returns for perceived safety VC LPs concentrate investments news.crunchbase.com. Cleantech startup funding has stabilized in the first half of the year, with investors pouring $15 billion into seed through growth-stage rounds for sustainability-focused companies Cleantech startup funding stabilizes news.crunchbase.com.
In other news, Bruin Capital is selling pehub.com golf simulation company Full Swing to Versant Media for $530m. Advent-backed Cobham Ultra pehub.com its undersea warfare solutions provider Ultra Maritime for $3.45bn. Castlelake secured board backing for a potential $7.3bn take-private of easy Jet. Warburg Pincus is exiting pehub.com Singular Bank, with a consortium led by ING set to acquire its stake.