Private Equity 24 Hours

Last updated: July 7, 2026, 2:30 PM ET

Private Equity Dealmaking & Fundraising Activity

Private equity firms demonstrated continued appetite for acquisitions across diverse sectors, from IT services and healthcare to industrial equipment and niche consumer brands. Agellus Capital-backed Compass MSP acquired IT firm The Logic Group, expanding its managed IT and cybersecurity offerings. Renovus-backed TJP bolstered its life sciences commercial operations by acquiring FX2 Virtual. In the industrial services space, Investcorp-backed KSS picked up Strack Scale Service, a provider of industrial weighing system calibration, while Allied Industrial-backed Mat Tech acquired Hook Set Transportation, an industrial hauling company. Thirty-5 Capital-backed Paddletek acquired performance paddle company PIKKL, and Sentinel scooped up cake decorations supplier Deco Pac from Kohlberg in a strategic move.

Unity Partners made a dual acquisition, buying Meaden & Moore's, a professional services firm focused on forensic services for the insurance and legal sectors. This move aligns with a broader trend of private equity firms entering the accounting and professional services space, with Unity Partners expecting further add-on acquisitions. Meanwhile, HCPI divested Epicurean Butter to Solina USA, marking an exit for the firm that had partnered with the butter producer's founders in 2019.

Strategic Investments & Portfolio Company Expansions

Several private equity firms made strategic investments to fuel growth and expansion for their portfolio companies. GTCR-backed Corza Medical is set to sell biosurgery business unit to EQT, a deal that includes the Tacho Sil product portfolio. Advent International took a minority stake in Italian space and defense propulsion group Avio, aiming to support the company's solid rocket motor expansion. Lightyear invested in HR tech firm Corestream to support its growth, while NMS-backed Surplus Solutions acquired health tech firm DCM Bio Services, strengthening its equipment lifecycle management solutions for the life sciences industry as part of its strategy. Arlington further consolidated its naval services platform by combining Eptec Defence with AMP United to form Highwater to enhance its capabilities.

Sector-Specific Deals and Emerging Trends

The energy sector saw significant activity, with I Squared set to acquire Milestone Environmental from SK Capital. Milestone Environmental operates disposal facilities for oil and gas drilling waste across active U.S. energy basins. In the European market, Apheon acquired French frozen snack group Alma, with plans for expansion into Benelux, Germany, and the UK. Thoma Bravo closed a merger combining Hypergene with Stratsys, uniting financial planning and analysis software with governance, risk, and compliance tools across Scandinavia and Germany to create a comprehensive platform.

Venture Capital & Emerging Technologies

The venture capital landscape continues to be dominated by artificial intelligence, with North American startup funding shattering records in the first half of 2026, reaching a staggering $392 billion driven by AI innovation. Chemistry Ventures, launched by alums of Bessemer, Index Ventures, and Andreessen Horowitz, is raising $500 million for its second fund to capitalize on this trend. AI law startup Norm secured a $120 million Series C round led by Khosla Ventures, achieving a unicorn valuation of $1.2 billion as legal tech integrates with AI. Google also backed Proxima Fusion with a €411 million raise, while Hive raised $15 million for its "silicon brain" technology designed to cut the hourly cost of running machines by 80% underscoring AI's efficiency gains.

Fundraising and Secondaries Market Dynamics

In fundraising, Patria's head of secondaries, Patrick Knechtl, noted that dealflow in the secondaries market remains active as Distribution-to-Paid-In (DPI) issues persist. The firm's focus on smaller secondaries deals helped its latest fund close on $677 million ahead of its target. On the GP side, Temasek-linked Azalea joined the evergreen fund structure, while a European GP successfully surpassed its initial hard-cap, indicating sustained investor interest despite broader headwinds as detailed in the latest side letter.

Sports & Alternative Investments

Private equity is increasingly exploring alternative asset classes, with Blue Owl Capital taking a minority stake in the Cleveland Cavaliers basketball team through its Home Court Partners fund. This marks the sixth NBA franchise the vehicle has backed since its inception signaling sports as a growing alternative.

Talent & Firm Appointments

Firms are also bolstering their teams with strategic hires. AEA Investors appointed Adam Biren as partner and head of capital formation for the Americas, based in its New York office to lead fundraising efforts. Halifax tapped Rob Holcomb as an operating executive, bringing his analytics background from Johnson & Johnson to the firm to support portfolio operations. Bridge Growth appointed Prosper Vignone as senior principal to its investment team, focusing on sourcing, due diligence, and deal execution to drive deal flow.