Private Equity 24 Hours

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

Private Equity Dealmaking and Fund Activity

Trimlite, backed by Wynnchurch, has acquired doormaker Barnett Millworks, expanding its reach into the Southeast market and enhancing its North American customer service capabilities. Wind Point Partners has purchased ECI, a managed services provider for alternative asset managers and regulated financial firms, from H.I.G. Capital. Advent HarbourVest have agreed to acquire FNZ Bank in Germany, which serves over 50,000 financial advisers, 200 asset managers, and more than 400 distribution partners. EIP OceanSound-backed Convey has acquired Selectron, a company specializing in government and utility software for omnichannel communications and engagement. BV Investments is partnering with the leadership team of workforce compliance service provider Thomas & Company to support its growth. Sheridan Capital has acquired Carolina Components Group, a provider of custom-engineered bioprocessing assemblies. KKR is set to take Integer Holdings private in a $5.7 billion all-cash transaction, marking a significant carve-out in the medical device sector. TSG Consumer has acquired a majority stake in body care brand Saltair, valuing the company at the top of its category. Waterland has taken a majority stake in Danish industrial services firm Norisol, which posted an operating margin exceeding 13% in 2025 and anticipates revenue surpassing DKr1 billion in 2026. AshGrove has invested in 10x Banking, a provider of cloud-native core banking technology designed to modernize legacy financial infrastructure. Nordic Capital is acquiring BWX Technologies' medical business for up to $800 million, signaling a significant bet on the radiopharma sector. Apollo is acquiring Maverick Water Group, an operator of alternative non-potable water systems, from Crosstimbers Capital Group. EnCap Flatrock sold Momentum Midstream to Williams for $5.5 billion, concluding a deal involving a large-scale natural gas system with over 4,000 miles of pipelines. Mutares has finalized its largest deal to date, acquiring SABIC's engineering thermoplastics business in the Americas and Europe for $450 million.

Venture Capital Investments and Valuations

A16z has backed Happy Robot at a valuation of $1.2 billion. Global venture funding reached $65 billion in July, marking a 100% year-over-year increase and setting a record for the highest number of billion-dollar venture rounds in a single month. The European Union has officially launched its €5 billion tech superfund. Zurich-based Exclaim has emerged from stealth, raising $4.95 million. Plural has backed a $43 million round for next-generation battery startup Ore Energy. Bending Spoons completed its first acquisition since its IPO, agreeing to a $2.25 billion deal for Airtable.

Fund Launches and Secondaries Market Activity

LGT Capital has launched its debut credit secondaries strategy, focusing on LP-led, GP-led, and opportunistic deals with an emphasis on senior lending. MetLife Investment has closed its third managed fund, raising approximately $1.2 billion for its private equity partners fund, with Lexington Partners acting as the lead investor. Adams Street doubled its fund size with its latest flagship secondaries raise, securing $2.7 billion as part of a $5 billion program aimed at a 50/50 split between LP-led and GP-led deployments, with a focus on North America and Europe. Apollo is reportedly halfway to its target for Fund XI, which has a fundraising goal of $22 billion to $25 billion and began its capital raise in February.

Sector Focus and Emerging Trends

Private equity is showing increasing interest in naval-centric investments, driven by the U.S. Navy's substantial budget, which exceeds the GDP of over 75% of the world's countries. Graphite's Mike suggests that the rise of AI content could lead to a re-rating of targets with "rights-clean" data, as these businesses represent critical inputs for AI development. European robotics startups have collectively raised more capital in the first six months of the year than in the preceding two years combined. Nscale will provide computing resources to AI researchers at Oxford, UCL, and Imperial.

Investor Sentiment and Operational Insights

Limited partners are increasingly seeking to enshrine better reporting standards from general partners. GPs have expressed concerns that impact investing is being unfairly associated with ESG challenges. Blue Owl is strengthening its talent pool in Tokyo. The changing landscape of private equity's largest allocators is being analyzed in the fourth installment of PEI Group's podcast miniseries.