Private Equity 24 Hours

Last updated: August 6, 2026, 2:31 PM ET

Deal Activity and Portfolio Add-ons

Nexa Equity has backed Facility Grid's acquisition of autonomous commissioning company Ping Cx, marking a strategic shift for Facility Grid towards three integrated offerings: FG Construct, Validate, and Sustain. Arlington Capital TRP Infrastructure has completed five add-on acquisitions to establish a new highway plastics division, consolidating these targets into a platform named Gulf Highway Materials. LS Power is set to acquire the Brazos Valley gas-fired power plant from Constellation, a transaction that fulfills a regulatory divestiture commitment linked to Constellation's 2025 acquisition of Calpine. Veritas Capital is acquiring Saber Power Services, a company backed by Greenbelt, which specializes in building, modernizing, and maintaining critical electrical systems. Partners Group is in negotiations to acquire the beauty business Aroma-Zone from Eurazeo, while CVC and Veritas Capital are reportedly vying for Bodycote, a provider of heat treatment and metallurgical services. RedBird’s Affinia has added Wilson Partners, a UK-based accounting firm advising SMEs, individuals, and private equity investors, through a tie-up backed by Fordhouse. Bain Capital has agreed to acquire Gong cha, a beverage chain known for its tea drinks, from TA Associates. KKR-backed FGS has acquired the bipartisan government affairs firm Rich Feuer Anderson, its second such acquisition following the purchase of Tarplin, Downs & Young in September 2025.

Sector Focus: Infrastructure and Power

Arlington-backed TRP's formation of a new highway plastics division through five add-on deals highlights a focus on infrastructure assets. LS Power's acquisition of a gas-fired power plant from Constellation underscores activity in the energy infrastructure sector. Veritas Capital's acquisition to acquire Saber Power Services, a vertically integrated power infrastructure services platform, further emphasizes this trend. Partners Group's acquisition of AVK Power Solutions, which has delivered over 20,000 projects and installed approximately 3.5GW of power for data centers in Europe, points to significant investment in power and data center infrastructure. Industriens Pension a Danish retirement scheme, is considering increasing its exposure to infrastructure secondaries, favoring indirect investments and having committed to all five infra secondaries vehicles managed by Pantheon.

Private Equity Fundraising and Strategy

The GP-led secondary market demonstrated significant dominance in the first half of the year, driven by fundraising success and expansion into new asset classes, despite broader market volatility. G Squared has secured $2.3bn for its seventh flagship fund, which is double the size of its predecessor and was raised in half the time, indicating robust investor appetite for venture secondaries. Italian pension fund ENPAV is seeking private equity co-investment opportunities through a Request for Proposals (RFP). MMAA intends to commit 300bn Korean won to domestic blind pool private equity and venture capital funds for 2026. Korea Post Insurance plans to commit 60bn Korean won to domestic blind pool venture capital funds in 2026. Mega-firms are largely navigating fundraising and exit headwinds effectively, while OMERS is reportedly planning a fivefold increase in its private equity portfolio, showcasing strategic portfolio expansion and adaptation. Jersey's Division of Investment, led by CIO Shoaib Khan, is actively reviewing both re-ups and new investment opportunities in the private equity space, viewing them with equal importance despite the absence of immediate liquidity concerns.

Technology and Services Sector Deals

Sachs Asset Management is reportedly seeking a buyer for data center contractor Divcon, while Broad Sky has completed the sale of its professional services firm Smith + Howard to TPG. Broad Sky grew Smith + Howard fourfold before its exit to TPG, with CEO Tyler Zachem noting the durability of tax and audit advisory services. Verdane has made a majority investment in Factbird, a Danish IoT and recurring software company that provides manufacturing intelligence services. Moove has raised $250M to support its expansion in fleet management for the autonomous vehicle industry, with plans to eventually own robotaxis. Lightspeed partners have discussed their social media and podcast strategies, highlighting innovative approaches to talent acquisition and firm visibility.

Market Trends and Investor Intentions

Apollo has secured a recommended cash offer for easy Jet valuing the airline at approximately £5.7bn in what is described as a landmark European take-private deal. The UK has expanded its talent visa program to include over 100 companies, potentially facilitating the attraction of skilled professionals. The European equity investor landscape in the first half of 2026 shows significant activity across various firms. Paris is identified as a key hub for founders and venture capitalists, with seven notable locations for networking and deal-making. Y Combinator observed a notable increase in repeat founders participating in its cohorts, suggesting a growing trend of entrepreneurs embarking on second ventures. Ares Management is leading a $2.2bn direct loan package to facilitate Med Impact Holdings' acquisition of Medical Card System, a Puerto Rico-based entity, demonstrating activity in the private credit market supporting healthcare acquisitions. KKR has agreed to acquire Medicover India, the Indian hospital operations of Medicover AB, expanding its healthcare portfolio with a scaled multi-specialty network.