Private Equity 24 Hours

Last updated: July 16, 2026, 2:30 PM ET

PE Deal Activity & Valuations

Private equity firm Advantage Partners plans to target Japanese companies that are shielded from foreign takeovers, focusing on domestic firms central to the country's economic security. Meanwhile, KKR and Energy Capital Partners have increased their takeover bid for DCC to £5.81 billion, valuing the Irish energy distributor at £67.97 per share. In a significant residential property move, H.I.G. Capital has launched a €1 billion German residential platform called Highground Living.

Sector-Specific Acquisitions

Health Wave Partners has acquired Alamar Senior Living, a memory care community managed by Age Well Senior Living. Serent-backed Raintree has acquired Spike Technologies, a healthcare AI firm. Verdane acquired stakes in four Trifork Labs technology businesses, including Axoniq, Dawn Health, Frameo, and XCI. In the building products sector, CCMP is selling BGIS to Veritas, while building products companies continue to attract PE buyers like CD&R and Truelink.

Healthcare & Technology Investments

One Equity is set to acquire Epic Piping, a pipe fabrication and distribution firm, from seller Bernhard Capital Partners. Zoetis announced plans Vital Rads, a vet teleradiology services firm owned by Thrive Pet Healthcare, which is backed by TSG Consumer Partners. In the technology space, Verdane also acquired minority stakes in over 10bp technology businesses focused on energy-industry digitalization and transport innovation.

Fundraising & Investor Strategies

Germany's KENFO intends to increase its allocation to private markets to 30% from 25% over the next two years, although it plans to reduce its private equity exposure. In the secondaries market, M&G is building its infrastructure secondaries exposure and targeting continuation vehicles (CVs). Partners Group has warned that evergreen outflows could reach $20 billion, with private equity accounting for two-thirds of its underperforming assets.

Emerging Trends & Market Dynamics

AI-powered travel agency Fora has achieved unicorn status, raising $60 million in a Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion. EQT's €5 billion Scaleup Fund is reportedly in talks to lead a funding round for Mistral. The secondaries market is increasingly being used to reconcile competing investor objectives, with a broadening investor base flocking to the asset class, developments that are seen as permanent.

LP Scrutiny & Governance

The wide range of performance measurement methods used by large limited partners (LPs) indicates that the industry has yet to reach a consensus. LP scrutiny on fund governance has intensified amid adversity, with LPs seeking greater control, sharper economics, and stronger protections against succession and zombie fund risks as fundraising pressures mount. LPs also continue to benchmark their PE investments using a variety of approaches as analyzed by PEI.

Real Estate & Infrastructure Secondaries

Real estate secondaries are becoming a permanent channel for capital flow as managers seek liquidity without relinquishing prized assets. The secondaries market is also proving to be a key liquidity tool in private credit, although most LPs are still opting to cash out amid rising market scrutiny.

European Dealmaking & Startups

Bridgepoint has agreed to acquire a majority stake in GBA Group, a Hamburg-based laboratory testing business, from Ardian. Montagu's Christoph Leitner-Dietmaier views deal complexity as a "source of opportunity" as reported by PE Hub. In the startup scene, Munich robotics startup Microagi raised $55 million in Germany's largest ever seed round. European rounds are getting bigger, but fewer companies are closing them according to Sifted.

Other Notable Transactions

Guardian is selling manufacturer Precision Roll Solutions to American Roller Company. Tailwater is backing Pickton Gas Storage, which is led by the former management team of Nor Tex Midstream Partners. Inspirit Equity-backed Sizemore is set to acquire Carlson Building Maintenance. Oridian-backed ACR has acquired reusable bags provider Redi Bag USA. Ridgewood and Coogee Bay have acquired senior relocation services firm Caring Transitions. Arrow Global has added Milan real estate developer Borio Mangiarotti.