Private Equity 24 Hours

Last updated: August 4, 2026, 5:31 AM ET

Deals and Acquisitions

Mutares has completed its largest deal to date with the $450 million acquisition of Sabic's engineering thermoplastics business. will be rebranded as Nex Point Materials, employs approximately 2,800 people and generates about $2.5 billion in annual revenue. Apollo has agreed to acquire Maverick Water Group, a Houston-based operator of alternative non-potable water systems, from Crosstimbers Capital Group. EnCap Flatrock sold Momentum Midstream to Williams for $5.5 billion. CVC and Partners Group have agreed to tender their entire holdings in Żabka Group into a voluntary offer from Alimentation Couche-Tard, marking a full exit from Poland's largest convenience retailer. KKR is set to acquire a 50% stake in Total Energies' European onshore solar and wind business for €1.8 billion. is expanding its Canadian footprint with the acquisition of Triple Diamond Truck and Trailer Repair. Cortec Group reportedly preparing A1 Garage Door Service for sale, a portfolio company focused on residential garage door maintenance services. McNally Capital announced a majority investment in Tenica, as demand for defense and intelligence services grows.

Venture Capital and Startup Funding

Robotics startups have collectively raised more capital in the first six months of the year than in the previous two years combined. Exclaim Robotics in Zurich, has emerged from stealth mode, successfully raising $4.95 million in funding. Plural has backed a $43 million round for Ore Energy, a startup focused on next-generation batteries. Menlo Ventures with $3 billion in new capital, is focusing on larger deals driven by the AI wave and is closely watching its relationship with Anthropic. June, a startup aiming to simplify AI adoption, has secured $20 million in pre-seed funding.

Fundraising and Investor Strategies

Adams Street Partners has raised over $5 billion in capital commitments for its latest Secondaries Investment Program, anchored by the $2.7 billion close of its Global Secondary Fund. The specialist impact investing firm has secured an additional $100 million and held a second close for its debut dedicated secondaries fund. NYSTRS has set its private equity pacing for FY 2027, aiming to commit up to $2.7 billion to the asset class. PEI Group's latest podcast miniseries analyzes the Global Investor 150 ranking to understand the investment strategies of the world's largest private equity investors. PE Club has transformed a network of former private equity executives into an LP platform, attracting LPs who are typically serial entrepreneurs, ex-CEOs, and partners from large European private equity firms. KKR is exploring the launch of a GP-led strategy, believing it can build a significant business in this market segment. Ardian has arranged new unitranche financing for Arche MC2, supporting a shareholding reorganization that will place Montefiore Investment and Activa in joint control of the French software publisher.

Market Trends and Outlook

Graphite's Mike suggests that the rise of AI-generated content could lead to a re-rating of data assets that are "rights-clean". many businesses are currently valued as ordinary information or subscription companies, despite owning critical inputs for AI development. Secure user-friendly AI development requires data that is not siloed, as isolated data provides only a partial view of the picture. The skills developed in product management roles may be as crucial for leadership in tech as traditional roles like COO or CFO. Permira has agreed to sell Bio Catch, a behavioral-based fraud intelligence provider, to Visa for $2.4 billion. Permira also achieved a partial exit from its investment in Reformation, a sustainable fashion company, which raised $210.9 million in an IPO priced at the lower end of its range.