Private Equity 24 Hours

Last updated: August 6, 2026, 9:33 PM ET

Private Equity Deal Roundup: Big-Ticket Buyouts and Strategic Add-Ons Dominate

Apollo has secured a recommended cash offer for easy Jet valuing the FTSE 100 airline at approximately £5.7bn and ending a fast-moving four-week bidding contest for the European carrier. The landmark take-private represents one of the largest European private equity deals of the year, underscoring Apollo's appetite for travel and consumer-facing assets. In healthcare, KKR has agreed to acquire Medicover India, the Indian hospital operations of Nasdaq Stockholm-listed Medicover AB, adding a 24-hospital multi-specialty network to its healthcare portfolio. The deal gives KKR a significant platform in India's rapidly growing private healthcare market. Meanwhile, Ares Management is leading a $2.2bn direct loan to finance Med Impact Holdings' planned acquisition of Puerto Rico-based Medical Card System, according to Bloomberg. This private credit package highlights the continued dominance of direct lenders in financing large-scale healthcare transactions.

Infrastructure and Energy Assets Draw Heavy Interest

LS Power set to acquire the Brazos Valley gas-fired power plant from Constellation, with the transaction satisfying a regulatory divestiture commitment tied to Constellation's 2025 acquisition of Calpine. The deal underscores the ongoing reshuffling of power generation assets as regulatory conditions shape portfolio decisions. Partners Group acquiring a majority stake in AVK Power Solutions, a company that has delivered more than 20,000 projects and installed approximately 3.5GW of power for data centers across Europe's FLAP-D markets. This investment reflects the surging demand for power infrastructure driven by data center expansion. Veritas is also moving into the power space, agreeing to acquire Greenbelt-backed Saber Power Services, a vertically integrated power infrastructure services platform that helps customers build, modernize and maintain critical electrical systems. Additionally, Goldman Sachs Asset Management is lining up data center contractor Divcon for sale, according to sources, as private equity firms continue to circle the power-hungry data center supply chain. Partners Group also in talks to buy beauty business Aroma-Zone from Eurazeo, while CVC and Veritas Capital are vying for Bodycote, a heat treatment and metallurgical services provider.

Secondaries Market Heats Up with Record Fundraising

G Squared secured $2.3bn for its seventh flagship venture secondaries fund, a vehicle about twice the size of its previous fund that took half as long to raise. The rapid fundraising signals intensifying investor appetite for venture secondaries as a way to gain exposure to late-stage private companies. Pantheon is backing a new BlackRock BDC credit continuation vehicle that will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025. This transaction highlights the growing use of continuation vehicles to manage mature credit portfolios. The GP-led market's domination in the first half of the year is being driven by more than just market volatility, with fundraising and expansion into new asset classes also fueling growth. Assessing a quick-flip continuation vehicle on the asset's hold period alone remains an imperfect metric, according to industry analysts.

Platform Building and Add-On Acquisitions Accelerate

Equity-backed FMG Leading has snapped up Broadbranch Advisors, with the deal closing at the end of July. Sunoco is acquiring Court Square-backed oil transporter Offen Petroleum for $600m, a target that operates a fuel distribution network delivering approximately 2.5 billion gallons annually to approximately 7,000 customers. Equity-backed Gorgeous Collective has acquired Clean Your Dirty Face, marking the first acquisition for the platform since its launch earlier in 2026. Tortuga Growth Partners has invested in Advanced eClinical Training out of its Tortuga Growth Partners Fund I, L.P. Nexa Equity-backed Facility Grid has acquired autonomous commissioning company Ping Cx, introducing a new product strategy centered on three integrated offerings — FG Construct, Validate, and Sustain. Arlington-backed TRP has closed five add-on deals to form a new highway plastics division, with the targets being folded into a new platform called Gulf Highway Materials. Verdane has made a majority investment in Factbird, a Danish IoT and recurring software company providing manufacturing intelligence services. RedBird's Affinia added Wilson Partners in a UK accounting tie-up, with Wilson Partners advising small and medium-sized enterprises, private individuals, and private equity investors across the UK.

Professional Services and Talent Mobility

Broad Sky has grown Smith + Howard four times over before exiting the professional services firm to TPG, with Broad Sky CEO Tyler Zachem noting that "the business is durable; tax and audit advisory are needed in good and bad times." The sale to TPG marks a significant return for Broad Sky, which had built the firm through strategic acquisitions and organic growth. In a related development, the UK has expanded its talent visa program to more than 100 companies, a move that could ease hiring for professional services and technology firms.

LP Activity and Investor Intentions

New Jersey Division of Investment is looking at re-ups and new private equity opportunities on equal footing, despite being spared liquidity concerns, according to CIO and director Shoaib Khan. The pension fund sees opportunity in the slow exit market to build positions at attractive valuations. Italian pension ENPAV has released an RFP for private equity, seeking co-investment opportunities. Korea Post is seeking to commit 60bn Korean won to domestic blind-pool venture capital funds for 2026. Meanwhile, MMAA looking to commit 300bn Korean won to domestic blind-pool private equity and venture capital funds. Danish retirement scheme Industriens Pension is mulling adding more infrastructure secondaries exposure, favoring indirect over direct investment in secondaries and having made commitments to all five infra secondaries vehicles managed by Pantheon. Mega-firms are largely defying fundraising and exit headwinds, while OMERS is plotting a fivefold increase of its private equity portfolio, according to industry reports. Carry communication, or a lack thereof, is causing headaches for some LPs. Y Combinator seeing a growing class of second-time founders, with a dataset of 454 repeat founders revealing interesting insights about the return of the repeat founder. Europe's 50 most active equity investors in H1 2026 have been identified, providing a roadmap of where capital is flowing across the continent. For those looking to connect with founders and VCs, seven key spots in Paris have been highlighted as prime meeting locations.