Private Equity 24 Hours

Last updated: August 4, 2026, 2:31 AM ET

Private Equity Dealmaking and Exits

KKR is set to acquire a 50% stake in Total Energies' European onshore solar and wind business for €1.8bn. This transaction follows KKR's late 2025 acquisition of Total Energies' North American solar business for $1.25 billion. KKR is deploying insurance capital into this €1.8bn renewables portfolio, which comprises a 1.2 GW portfolio of onshore solar and wind assets across Europe. EnCap Flatrock divested Momentum Midstream to Williams for $5.5bn. Momentum operates an extensive natural gas system featuring over 4,000 miles of gathering and transmission pipelines, delivering gas to eastern Texas and the Gillis Hub in Louisiana. CVC and Partners Group are executing a full exit from Żabka Group, Poland's largest convenience retailer, as Alimentation Couche-Tard makes an $8.6bn bid. Permira has agreed to sell Bio Catch, a behavioral-based fraud intelligence provider, to Visa for $2.4bn. It safeguards over 760 million consumers across more than 350 financial institutions globally. Permira also partially exited its investment in Reformation, a sustainable fashion company, which raised $210.9m in an IPO priced at the lower end of its range. Cortec Group is preparing A1 Garage Door Service, a residential garage door maintenance provider acquired in 2019, for a sale. McNally Capital acquired a majority stake in Tenica, capitalizing on growing demand for defense and intelligence services. Amerit Fleet is expanding its Canadian presence through the acquisition of Triple Diamond Truck and Trailer Repair, a provider of MTO-certified commercial truck and trailer maintenance.

Venture Capital Funding and Startup Activity

European robotics startups have collectively raised more capital in the first six months of the year than in the preceding two years combined. Exclaim Robotics a Zurich-based company, has emerged from stealth and secured $4.95m in funding. Plural has backed a $43m round for Ore Energy, a startup focused on next-generation batteries. Menlo Ventures with $3bn in new capital, is anticipating larger deals driven by advancements in artificial intelligence. The firm's managing director, Matt Murphy, highlighted the significance of AI in shaping the firm's investment strategy and its relationship with companies like Anthropic. June, a startup backed by Marc Benioff, has raised $20 million in pre-seed funding to simplify AI deployment. Twelve investors have recently transitioned into founding new companies. The pathway from product manager to CEO is being recognized as a valuable leadership development course in the tech industry.

Secondaries Market and Fundraisings

Adams Street Partners has gathered over $5bn in capital commitments for its latest Secondaries Investment Program, including $2.7bn for its Global Secondary Fund. The secondary market has seen over $200bn in activity cleared. Blue Earth an impact investing firm, has raised an additional $100m and held a second close for its dedicated secondaries fund. KKR is reportedly considering the launch of a GP-led secondary strategy, believing it can establish a leading business in this market segment. PE Club transformed a network of former private equity executives into a limited partner platform. The firm's limited partners consist of serial entrepreneurs, former CEOs, and partners from prominent European private equity firms. Ardian has arranged new unitranche financing for Arche MC2, supporting a shareholding reorganization where Montefiore Investment and Activa will jointly control the French software publisher.

Investor Strategies and Market Trends

New York Teachers' Retirement System (NYSTRS) plans to allocate up to $2.7bn to private equity commitments for fiscal year 2027, indicating a focused pacing for the asset class. Top commercial law firms are contemplating private equity investments amidst concerns surrounding artificial intelligence. The PUSU deadline for Castlelake's pursuit of Easyjet has been extended to align with Apollo's deadline on August 7th. OMERS Private Equity's newest funds czar is a key focus, alongside strategies for engaging with general partners and the Singaporean alternative investment community.