Private Equity 24 Hours

Last updated: July 13, 2026, 5:30 PM ET

Consolidation and Platform Building Drive PE Activity

Warburg Pincus-backed Bond Vet is merging with Small Door Veterinary, creating an entity that will oversee more than 55 clinics across the Northeast, Mid-Atlantic, and Midwest. Atlas Holdings-backed Stryten Energy has acquired C&D Trojan Battery, a KPS Capital Partners portfolio company, expanding Stryten's operational footprint to 15 U.S. battery manufacturing and component facilities. AE Industrial Partners announced its acquisition of Powder Alloy, a producer of powder spray, establishing a new specialty materials platform. Broadwing-backed Lehr has acquired emergency vehicle upfitting assets from Pro Logic ITS, marking its tenth add-on acquisition and extending its reach into the Southeast. In a significant exit, Wynnchurch Capital sold its flow control specialist Flo Works to Ferguson for $1.6 billion, representing a 10x LTM adjusted EBITDA multiple. Mill Point Capital completed its acquisition of Total Safety Supplies & Solutions from Littlejohn & Co.'s portfolio company, Total Safety US.

Secondaries Market Sees Strategic Hires and Growth

The secondaries advisory space is experiencing a surge in talent acquisition. Ardea Partners has hired a managing director from PJT Partners to bolster its secondaries advisory capabilities. Moelis & Company is building out its LP-led secondaries business with a team recruited from Evercore, including a vice president who will join as a managing director. The increasing activity in the LP-led secondaries market is being driven by current market conditions that are encouraging sellers, according to industry leaders.

European Markets Attract Diverse PE Investments

HIG Capital's OB Streem has acquired Med Frigo in Greece, adding the company's cold-chain facilities and refrigerated fleet to its operations. Nordic Capital the water treatment sector due to significant investment needs and constraints in skilled labor and specialized equipment. Bridgepoint has agreed to acquire a majority stake in Danish defense company UMag, a spin-out from the Technical University of Denmark. Ardian is set to purchase a majority stake in German battery-tech firm Munich Electrification, with founders retaining a minority share. Meanwhile, Nscale's planned £2 billion UK data center project is facing delays due to grid issues, highlighting infrastructure challenges. In the UK, pension schemes' shift towards private markets is supported by policy and regulation, though the pace depends on fee structures and growth capital availability.

GP Financing and AI Investments Gain Traction

Arctos Partners has debuted its GP financing strategy with $6.2 billion, aiming to maintain relevance through various fundraising cycles. The artificial intelligence sector continues to draw significant investor interest, with Anthropic recruiting Monzo cofounder Tom Blomfield for its AI compute team. Helsing has raised $1.8 billion in funding backed by Goldman Sachs and Lightspeed Venture Partners. Sapphire Ventures partner Anders Ranum is advising on navigating the valuation gap between public and private AI companies.

Global Expansion and Sector Focus

Sixth Street is exploring Asian sports deals as part of its regional expansion, with initial interest in Japan and India. In South Korea, KBIZ is seeking domestic blind-pool PE/VC funds for 2026, planning to commit 300 billion won. The political landscape in the UK is also seeing interest in private equity, with Moldova's next prime minister identified as a PE enthusiast according to PE International.