Private Equity 24 Hours

Last updated: July 14, 2026, 2:30 PM ET

Deal Activity and Sector Focus

Private equity firms continued to engage in a flurry of dealmaking across various sectors. ArchiMed agreed to take biopharma firm Esperion Therapeutics private for $1.1 billion. In a significant move within the print media sector, KKR is acquiring a 51% stake in Thomson Reuters’ global print business for $500 million, creating a joint venture where Thomson Reuters retains a 49% stake. Warburg Pincus-led investors are set to acquire a controlling stake in pharmacy Pantherx Rare from sellers Nautic Partners, General Atlantic, and The Vistria Group. The healthcare sector also saw Inflexion agreeing to acquire Primed Group, a German provider of single-use medical consumables, from Paragon Partners. Innovatus-backed Meet The People acquired ad agency The Loomis Agency, including its digital marketing arm. In transportation Green Arrow acquired three transportation tech firms.

Consolidation and Strategic Investments

The ongoing consolidation within the private markets is evident with several firms actively acquiring others. KKR, Apollo, and Clearlake are among those buying other private markets firms, with KKR’s deal for Thomson Reuters’ print unit being a prime example. Beyond larger transactions, a series of bolt-on acquisitions signal strategic expansion. Gryphon-backed SMG acquired health, safety, and environmental services firm Cross Safety, including its operations in the US and Mexico. Great Point-backed Vetn Care acquired Holistic Veterinary Care, a community of veterinary hospitals. ACP-backed Marco completed the acquisition of industrial products supplier Rocket Seals. Main Capital-backed Whitevision signed an add-on acquisition of Documation, its second UK deal this year. Battery Ventures-backed ORTEC acquired TOBA HR Solutions, expanding its regional healthcare client base.

Growth Capital and Partnerships

Several firms provided growth capital and formed new partnerships to fuel expansion. Kaltroco invested in school dental program Smile America Partners, supporting its continued growth. Lightyear Capital backed tax and accounting firm Prosperity Partners, with Unity Partners retaining a minority stake. IMB Partners invested in heavy civil contractor Strategic Land Services, which performs critical civil work for electric grid expansion and maintenance. In a unique funding arrangement Customer Value Fund is providing $1 billion to David Beckham’s health drink startup IM8, focusing on longevity vitamin drinks rather than equity. Cybersecurity startups are also seeing robust funding, with Q2 2026 seeing privacy and cybersecurity startups attract $4.4 billion in seed- to growth-stage financing.

Secondaries Market and Operational Roles

The secondaries market is increasingly being utilized as a sophisticated capital formation tool, allowing investors to unlock liquidity and reposition platforms. Asante is building its APAC secondaries business with an ex-Evercore hire responsible for originating and leading transactions in the region. In terms of operational leadership, Banyan promoted Simon Gélinas to managing director and investments head, where he will oversee day-to-day investment functions. Vance Street appointed Jason Burmer as managing director and business development head. Gen Nx360 tapped Adam Feuer as an operating partner, bringing experience from One Rock Capital Partners.

Fundraising and Valuations

While specific fund closes were not detailed for most, indications of fundraising ambitions and valuations emerged. Temasek-linked Vertex is scaling back ambitions with its new growth fund, Vertex Growth III, aiming for $250 million, making it significantly smaller than its predecessor. Hermes agent maker Nous Research is reportedly in talks for new funding at a $1.5 billion valuation, seeking at least $75 million with participation from Robot Ventures and USV. Several European startups are also raising capital, including defense tech Project Q landing a €15 million Series A and rival Promptwatch raising a €6 million seed round.

Exits and Mergers

CAI Capital exited its investment in HVAC provider Custom Air to Service Logic Holdings Canada, having grown the business through five add-on acquisitions. In the veterinary sector Bond Vet merged with Small Door Veterinary, creating an entity that will manage over 55 clinics across multiple US regions and plans further expansion.