Private Equity 24 Hours

Last updated: August 4, 2026, 8:31 PM ET

Private Equity Dealmaking Activity

Thoma Bravo is set to sell Command Alkon, a software and platform technology provider for the heavy building materials industry, to Francisco Partners. Axum Capital agreed to acquire Barcode, a Los Angeles-based plant-based and hydration drink brand. Ridgemont has acquired Entact, a national provider of environmental remediation and geotechnical construction services, from JFLCO. Wynnchurch-backed Trimlite has purchased doormaker Barnett Millworks, expanding its geographic reach into the Southeast and strengthening its North American customer service capabilities. Wind Point Partners is taking over ECI, a managed services provider for alternative asset managers and regulated financial firms, from H.I.G. Capital. Advent and Harbour Vest have agreed to acquire FNZ Bank in Germany, which connects over 50,000 financial advisers, 200 asset managers, and more than 400 distribution partners. EIP OceanSound-backed Convey has acquired Selectron, a provider of government and utility software, bringing together companies that offer omnichannel communications and engagement operating systems. BV Investments is partnering with CEO Nate Kenney and the leadership team to support the next phase of growth for workforce compliance service provider Thomas & Company. Sheridan Capital has acquired Carolina Components Group, a provider of custom-engineered bioprocessing assemblies, indicating growing private equity interest in naval-centric deals. KKR is taking Integer Holdings private in an all-cash transaction valued at approximately $5.7 billion, marking a significant carve-out in the medical device sector. TSG Consumer has acquired a majority stake in Saltair, a body care brand, valuing the company at the top of its category. Waterland has taken a majority stake in Norisol, a Danish provider of technical insulation, scaffolding, and marine solutions, which posted an operating margin exceeding 13% in 2025 and expects revenue to surpass DKr1 billion in 2026. Mutares has completed its largest deal to date with the $450 million acquisition of Sabic's engineering thermoplastics business in the Americas and Europe, which will be rebranded as Nex Point Materials. Apollo has agreed to acquire Maverick Water Group, an operator of alternative non-potable water systems, from Crosstimbers Capital Group, signaling investment in Texas water infrastructure.

Fundraising and Investment Strategies

LGT Capital has launched its debut credit secondaries strategy, aiming to invest in LP-led, GP-led, and opportunistic deals with a focus on senior lending. MetLife Investment has closed its third managed secondary transaction, raising approximately $1.2 billion for Met Life Investment Private Equity Partners Fund III, with Lexington Partners serving as the lead investor. Apollo is roughly 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. Nordic Capital is acquiring BWX Technologies' medical business for up to $800 million, a significant move into the radiopharma sector. Adams Street doubled its fund size with its latest flagship secondaries raise, securing $2.7 billion for Fund 8 as part of a $5 billion secondaries program, with a focus on LP-led and GP-led deployment in North America and Europe. The PEI Group's latest podcast installment analyzes the Global Investor 150 ranking to understand the investment strategies of the world's largest private equity investors. Private equity is showing increased interest in US naval investments, supported by a US Navy budget exceeding $300 billion.

Venture Capital and Technology Investments

The European Union's €5 billion tech superfund is now officially open for business. A16z has backed Happy Robot at a valuation of $1.2 billion. Bending Spoons struck a $2.25 billion deal for Airtable, marking its first acquisition since its IPO. Global venture reached $65 billion in July, a 100% increase year over year, with a record 14 billion-dollar venture rounds. Nik Storonsky faces a lawsuit concerning a €350 million superyacht. Exclaim Robotics a Zurich-based company, has emerged from stealth mode, raising $4.95 million. Plural has backed a $43 million round for Ore Energy, a next-generation battery startup. European robotics startups have raised more in the first six months of the year than in the previous two years combined. Nscale will provide compute resources to AI researchers at Oxford, UCL, and Imperial College. AshGrove is backing 10x Banking, a provider of cloud-native core banking technology for financial institutions.

Market Trends and Commentary

Investors are seeking to enshrine better GP reporting standards, while GPs warn that impact investing is being unfairly associated with ESG concerns, according to the latest "Side Letter" from PE International. Blue Owl is bolstering its talent in Tokyo. Graphite's Mike Tilbury suggests that the rise of AI content could lead to a re-rating of assets with "rights-clean" data, as the market may not fully appreciate the value of proprietary data inputs for AI development. There are 12 investors who have recently transitioned into founders. TechCrunch Founder Summit Week in Boston offers an opportunity to host a side event and connect with over 1,100 startup founders, investors, and tech leaders.