Private Equity 24 Hours

Last updated: August 6, 2026, 8:31 AM ET

Dealmaking Activity

Veritas Capital set to acquire Saber Power Services, a platform focused on building, modernizing, and maintaining critical electrical systems. In a sponsor-to-sponsor transaction, Bain Capital has agreed to purchase the global bubble tea brand Gong cha from TA Associates. KKR is acquiring Medicover India, a network of 24 hospitals, from Medicover AB, expanding its healthcare portfolio. Partners Group in talks to acquire beauty business Aroma-Zone from Eurazeo. CVC Capital and Veritas Capital Fund IX are reportedly vying for Bodycote plc, a heat treatment and metallurgical services provider, with competing proposals valuing the company at £1.56 billion. Broad Sky exited its investment in Smith + Howard, a tax and audit advisory firm, which it grew fourfold during its ownership. RedBird’s Affinia acquired Wilson Partners, a UK-based accounting firm serving SMEs, private individuals, and private equity investors. ContextLogic, PE-backed entity, is acquiring chemicals manufacturer gChem from Eagle Tree for $850 million, marking its second operating business acquisition. GSAM is reportedly preparing to sell Divcon Controls, a provider of building management and electrical power monitoring systems for data centers. Veritas Capital also acquiring environmental consultant Trinity Consultants from Oak Hill.

Fundraising and Investment Strategies

G Squared secured $2.3 billion for its seventh flagship fund, which is twice the size of its predecessor and was raised in half the time, indicating a robust venture secondaries market. Partners Group is committing over $1 billion in equity to acquire a majority stake in AVK Power Solutions, a UK-based data center power specialist, anticipating significant demand for data center power in Europe. Korea Post plans to commit 60 billion Korean won to domestic blind-pool venture capital funds in 2026. Carlyle's chief Harvey Schwartz noted strong earnings in Q2 2026, driven by capital realizations, with the firm's US buyout strategy distributing capital at more than double the industry rate. Schwartz also that Carlyle increasingly views Alp Invest as a corporate finance business rather than a standalone secondaries unit. Jersey's Division of Investment is actively seeking both re-ups with existing managers and new opportunities in the current slower exit market, despite not facing liquidity concerns.

Sector Trends and Investor Interest

The market for music-related investments is exceptionally active, according to industry observers. PE firms Blackstone, TPG, and EQT, are actively partnering with artificial intelligence businesses. Moove has raised $250 million to expand its role in autonomous vehicle fleet management, with aspirations to eventually own robotaxis. Lightspeed partners have shared insights into their growing social media presence and podcast strategies for connecting with founders and VCs. The San Diego Padres are nearing a franchise sale valued at an estimated $3.9 billion, potentially setting a record for Major League Baseball. Data centers and mission-critical facilities continue to attract investor attention, with companies like Divcon Controls providing essential power monitoring systems. The venture capital ecosystem is seeing a rise in repeat founders participating in programs like Y Combinator.

Market Dynamics and Exits

Mega-firms are largely navigating fundraising and exit headwinds effectively, while other firms are experiencing headaches related to carry communication, or the lack thereof. The venture capital secondaries market is heating up, attracting significant capital commitments. Carlyle's strong quarter was significantly boosted by capital realizations, demonstrating successful exit strategies from its portfolio companies. tech industry has experienced substantial layoffs, with over 127,000 workers at U.S.-based tech companies laid off in 2025, and these cuts have continued into 2026. Despite a slow exit market, New Jersey's Division of Investment is exploring both existing and new investment opportunities. The music sector is experiencing a particularly active investment environment.

Venture Capital and Emerging Funds

Ryan Moore seed investor in Draft Kings, has closed on $78.5 million for Revenant Ventures' debut fund, signaling activity in the venture capital secondaries space. The number of repeat founders going through accelerators like Y Combinator is increasing, suggesting a growing trend of experienced entrepreneurs launching new ventures. Yann LeCun prominent figure in artificial intelligence, has joined a new venture capital firm. Europe's 50 active equity investors were identified in the first half of 2026. Paris is highlighted as a key location for founders and venture capitalists to connect.