Private Equity 24 Hours

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

European Investment Landscape and Fund Activity

Nextalia has raised over €1.1 billion for its second flagship fund, Nextalia Private Equity II (NPE , securing commitments from more than 200 investors in the five months since its February launch. This fundraising effort pushes the Italian platform's total assets past €3.4 billion. The European investment market has seen the launch of 144 new funds this year, reflecting a dynamic environment. The European Union has officially opened its €5 billion tech superfund for business. 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. LGT Capital Partners has launched its debut credit secondaries strategy, aiming to invest in LP-led, GP-led, and opportunistic deals with a focus on senior lending. Met Life Investment Management has closed its third managed secondary transaction, raising approximately $1.2 billion for the Met Life Investment Private Equity Partners Fund III, with Lexington Partners serving as the lead investor. This transaction saw the insurer divest a portfolio of funds and co-investments with a net asset value of $1.8 billion.

Technology and AI in Finance and Operations

Revolut's founder Nik Storonsky, is reportedly in discussions regarding a new share deal that could value the fintech company at $500 billion. Storonsky is also facing a lawsuit concerning a €350 million superyacht. Artificial intelligence is becoming an integral part of how firms operate, with Arvid Trolle of Njord Partners noting it as a "natural part" of the firm's activities and a "key part" of operational improvements. observing resilience in the value segment, including the exit market. In the realm of AI research compute, Nscale is set to provide access to Oxford, UCL, and Imperial College researchers. The impact of AI on physical environments is also being explored, with a call for "bravery to change the process." Fintech startup Moss has been crowned Europe's newest unicorn following a €30 million Series C funding round. Bending Spoons entered into a $2.25 billion deal to acquire Airtable, marking its first acquisition since its initial public offering.

Private Equity Dealmaking Across Sectors

Advent HarbourVest have agreed to acquire FNZ Bank in Germany, a significant move for the independent wealth management banking and infrastructure provider. FNZ Bank connects over 50,000 financial advisers, 200 asset managers, and more than 400 distribution partners across Germany. Thoma Bravo 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 geographical reach into the Southeast market and enhancing its North American customer service capabilities. Wind Point Partners has acquired ECI, a managed services provider to alternative asset managers and regulated financial firms, from H.I.G. Capital. EIP and Ocean Sound-backed Convey has acquired Selectron, a provider of government and utility software, in a deal that combines companies offering omnichannel communications and engagement operating systems. TSG Consumer has taken a majority stake in body care brand Saltair, valuing the company at the top of its category. Waterland has acquired a majority stake in the Danish industrial services firm Norisol, which specializes in technical insulation, scaffolding, and marine solutions and posted an operating margin exceeding 13% in 2025. Nordic Capital is acquiring BWX Technologies' medical isotopes business for up to $800 million in a strategic move into the radiopharma sector. Ash Grove is backing 10x Banking, a provider of cloud-native core banking technology for financial institutions. BV Investments is partnering with the leadership team of workforce compliance service provider Thomas & Company to support its future growth.

Venture Capital and Valuations

Global venture continued its strong performance in July, reaching $65 billion, a 100% increase year over year, and marking the highest number of billion-dollar venture rounds ever recorded in a single month. Oxylabs has achieved a valuation of $3.6 billion after a decade of declining venture capital investment. Andreessen Horowitz (a16z) has backed Happy Robot at a valuation of $1.2 billion. The venture capital landscape is also seeing a push for better GP reporting standards from limited partners, with some GPs feeling that impact investing is being unfairly associated with ESG concerns.

Defense and Medical Sector Investments