Private Equity 24 Hours

Last updated: July 7, 2026, 5:30 AM ET

Private Equity Dealmaking & Strategy

Private equity firms continued to pursue a diverse range of investments and exits across sectors, signaling ongoing activity despite varied market conditions. Apheon is expanding its footprint in the frozen snack sector by acquiring French group Alma, with plans to target markets in Benelux, Germany, and the UK acquires Alma. In the software space, Thoma Bravo finalized a merger combining Hypergene's financial planning and analysis tools with Stratsys's risk and compliance software, extending their reach across Scandinavia and Germany closes merger. The space and defense industry saw significant interest as Advent took a 7% stake in Italian propulsion group Avio to support its expansion efforts takes stake.

Meanwhile, Summit Partners exited its investment in Dreampath Diagnostics, a pathology lab sample tracking system provider, to Halma exits Dreampath. EQT is set to acquire Corza Medical’s biosurgery business, which offers products for surgical bleeding control acquires biosurgery. In a notable move within the AI and automation sectors, Hive raised $15 million for its "silicon brain" technology aimed at reducing machine operating costs by 80% raises $15m. NMS-backed Surplus Solutions expanded its life sciences equipment lifecycle management business with the acquisition of health tech firm DCM Bio Services scoops up DCM BioServices, and Rotunda-backed RMH Systems bolstered its material handling and automation capabilities by acquiring integrator Top Shelf snaps up Top Shelf.

Further illustrating sector diversification, Argosy took a controlling stake in logistics firm K&L Freight Management, which specializes in time-sensitive freight for food & beverage, life sciences, and energy industries takes controlling stake. Avance backed infrastructure firm Lexxel, with the company's founders reinvesting alongside the PE firm backs infrastructure firm. Capmont is carving out Dyneon, a fluoropolymer manufacturer serving semiconductor, medical technology, and aerospace sectors, from 3M Deutschland carves out Dyneon. HIG agreed to acquire a majority stake in Germany’s Terras Group, an infrastructure engineering and construction services provider for mobility, energy, and digital sectors acquires Terras Group.

Energy Transition & Industrials

The energy transition and industrial sectors saw substantial activity, with major players making strategic acquisitions and divestitures. Blackstone is acquiring Dresser Utility Solutions, a provider of natural gas and water measurement equipment, from First Reserve through its new energy transition fund acquires Dresser. Permira is investing in Iberian engineering group Quadrante, marking its second deal under its Energy Transition strategy backs Quadrante. Lone Star Funds is set to acquire Conti Tech, Continental's industrial materials arm, in a €4 billion deal buys Conti Tech.

In a strategic carve-out, Advent-backed Cobham Ultra is selling its undersea warfare solutions provider Ultra Maritime for $3.45 billion sells Ultra Maritime. CVC agreed to sell premium marina operator D-Marin to Infra Via Capital Partners, exiting an investment in a business with 28 marinas across the EMEA region sells D-Marin. CVC also reportedly bought ingredients group Irca from Advent after its revenue quadrupled buys ingredients group. Novo Holdings, manager of Novo Nordisk Foundation's $36 billion investments, is expanding its planetary health portfolio and considering allocations for private equity GPs, while also targeting energy investments and larger deal sizes eyes PE GPs.

Technology & Software Investments

Technology and software remained a focal point for private equity, with deals spanning HR management, parking technology, and fusion energy. Bridgepoint provided a €200 million minority investment to Skello, an AI-powered HR management software provider for frontline workforces in Europe backs Skello. EQT is acquiring parking technology group Orikan, signaling a push into the Asia Pacific mid-market acquires Orikan. Google provided backing to Proxima Fusion in a €411 million funding round backs Proxima Fusion.

Venture Capital & Fundraising

Venture capital and fundraising dynamics are evolving, with a focus on specialized strategies and investor intentions. Eurazeo announced the final close of its fifth-generation private equity secondaries program at €2.3 billion, surpassing its €2 billion target closes secondaries programme. Mubadala Capital opened its $25 billion credit platform to outside investors for the first time, following the transfer of its credit business opens credit platform. JRT Partners, a Singaporean family office, intends to increase its exposure to secondaries, seeking opportunities in the US, Australia, and Western Europe increase PE secondaries exposure. CNPADC is seeking experienced investment consultants across various asset classes seeks investment consultants.

The cleantech sector saw stabilization in funding, with $15 billion invested in seed-through-growth rounds in the first half of the year cleantech funding stabilizes. Meanwhile, a commentary on private equity fundraising highlights the enduring importance of trust between managers and investors over fund structure new rules fundraising. Another perspective suggests that venture capital LPs have concentrated investments in megafunds due to economic uncertainty, potentially sacrificing higher returns for perceived safety investor intentions shift. A discussion on private equity's model posits that it is not broken, but the illusion of uniform success is fading private equity model debated.

Public Markets & Exits

Activity in public markets and exits included a successful debut and a potential take-private deal. IQM investors applauded its debut on public markets, indicating a positive reception applauds debut. Castlelake secured the easy Jet board's support for a potential $7.3 billion take-private of the UK budget carrier wins board backing. Bruin Capital is selling golf simulation company Full Swing to Versant Media for $530 million sells Full Swing.

Other Notable Transactions

Various other transactions indicate continued deal flow across different industries. Nordic-based Novo Holdings is reportedly exploring private equity GP allocations and targeting energy and Asia targets energy Asia. Asante Capital partners Fraser van Rensburg and Warren Hibbert discuss fundraising dynamics under the theme "The new rules of fundraising," emphasizing trust over fund structure new rules fundraising. CVC is selling its stake in D-Marin, a premium marina operator, to Infra Via Capital Partners agrees sale. A commentary suggests that private equity participants are grappling with "bad habits" from the era of easy money, affecting fundraising and deal-making strategies bad habits discussed. GPIF, Japan's $1.8 trillion pension fund, saw its PE portfolio grow by 26% year-on-year, amounting to approximately $1.4 billion in gains despite a challenging environment PE portfolio climbs.