Private Equity 24 Hours

Last updated: July 13, 2026, 8:30 PM ET

Private Equity Sector Activity

Nous Research, an agent maker for Hermes, is in talks to secure new funding at a $1.5 billion valuation, aiming to raise at least $75 million from investors including Robot, USV, and other prominent figures. Warburg-backed Bond Vet has merged with Small Door Veterinary, creating an entity that will manage over 55 clinics across Northeast, Mid-Atlantic, and Midwest markets, with plans for further expansion. In a significant acquisition, Atlas Holdings-backed Stryten Energy has acquired C&D Trojan Battery from KPS, expanding Stryten's operational footprint to 15 battery manufacturing and component facilities across the U.S., employing 3,700 individuals. AE Industrial Partners has established a specialty materials platform with its acquisition of powder spray producer Powder Alloy. Broadwing-backed Lehr has completed its tenth add-on acquisition by purchasing emergency vehicle upfitting assets from Pro Logic ITS, strengthening its presence in the Southeast. Mill Point Capital has finalized its acquisition of Total Safety Supplies & Solutions from Littlejohn & Co.'s portfolio company, Total Safety US. HIG Capital’s OB Streem has completed the acquisition of Med Frigo in Greece, a move that integrates cold-chain facilities and refrigerated fleets for aquaculture producers exporting across Europe.

Deal Exits and Portfolio Management

CAI Capital has exited its investment in HVAC provider Custom Air, selling the company to Service Logic Holdings Canada. CAI had overseen Custom Air for eight years, during which it completed five add-on acquisitions to broaden its geographic reach and service offerings. Wynnchurch Capital has exited its investment in flow control specialist Flo Works, selling the company to Ferguson for $1.6 billion. The transaction valued Flo Works at 10 times its trailing twelve-month adjusted EBITDA, including anticipated synergies of approximately $45 million.

Secondaries Market Growth and Advisory Moves

The secondaries advisory space is seeing significant talent movement. Ardea Partners has hired a managing director from PJT for its secondaries advisory team, marking a trend of personnel shifts across advisory and buyside firms. Moelis is building out its LP-led secondaries business by recruiting a team from Evercore, including a vice-president who will join as a managing director to spearhead the initiative. A podcast featuring senior leaders from LGT Capital Partners, Dawson Partners, and Pomona Capital discusses how current market conditions are driving more sellers into the secondaries market.

Strategic Investments and Sector Focus

Arctos has debuted its GP financing strategy with a $6.2 billion fund, a strategy expected to remain relevant across fundraising cycles, according to managing partners Ian Charles and Charlie Tingue. Sixth Street is exploring Asian sports deals as part of its regional expansion, having already investigated opportunities in Japan and India. Nordic Capital views the water treatment sector as attractive, citing the substantial investment required for water and wastewater infrastructure, alongside challenges in skilled labor and specialized equipment. Bridgepoint has agreed to acquire a majority stake in Danish defense company UMag, a founder-led business spun out of the Technical University of Denmark in 2018. Ardian is set to acquire a majority stake in German battery-tech firm Munich Electrification, a company founded in 2014 with approximately 300 employees, with founders retaining a minority stake and management investing alongside Ardian.

AI and Technology Investments

Nous Research, an agent maker for Hermes, is in talks to secure new funding at a $1.5 billion valuation, aiming to raise at least $75 million from investors including Robot, USV, and other prominent figures. Anthropic has recruited Monzo cofounder Tom Blomfield to its AI compute team. Helsing, backed by Goldman Sachs and Lightspeed Venture Partners, has raised $1.8 billion. Sapphire Ventures partner Anders Ranum discussed how institutional capital is navigating the valuation gap between public market software multiples and private market valuations for AI startups.

UK Policy and Infrastructure

The UK pension schemes' shift towards private markets is supported by policy, regulation, and infrastructure, but the pace of this transition will hinge on fee structures and closing the growth capital gap, according to senior figures. Nscale's £2 billion UK data center project is experiencing delays due to grid issues.

Global Investment and Rebranding

The Korean pension fund KBIZ is seeking to commit 300 billion won to domestic blind-pool PE/VC funds in 2026. Comvest Private Equity has rebranded as Vesterra Capital Partners. Moldova's next prime minister is noted as a private equity enthusiast.