Private Equity 24 Hours

Last updated: August 12, 2026, 11:48 AM ET

Fundraising & Deployment

Accel raised $800m for its ninth early-stage Europe fund, while the firm also closed an oversubscribed $550M India fund within weeks, 19 months after its last India vehicle. HarbourVest revealed its deployment strategy for its $4.75bn flagship co-investment fund, targeting transformative trends in AI and healthcare with HCF VII. A trio of ex-LocalGlobe partners is plotting a new VC firm. The public-private Scaleup Europe fund, with a $5.7bn target, made its first investment by backing Finnish satellite company ICEYE.

Exits & Acquisitions

Providence Equity Partners agreed to sell ATG Entertainment, the operator of West End and Broadway venues, to Ari Emanuel’s MARI in a reported $6bn deal. The firm is also selling ATG to Mari in a separate report noting ATG operates 70 venues across the UK, US, Germany and Spain. Providence’s sale also draws attention to solar energy private equity interest. Goldman Sachs agreed to acquire ETFs provider Neos Investments for $2.25bn; Neos manages $30bn in assets across 19 options-based income ETFs. One Rock Capital will sell environmental services firm Enviro Serve to Clean Harbors for $470m, with the transaction expected to close in the second half of 2026. Mountaingate exited healthcare commercialization platform Relevate, having first partnered with it in 2020. Astorg completed its buyout of Thermo Fisher’s microbiology business.

Venture & Growth

ClearJet raised a $25m Series B led by Edison Partners to build an “Uber of Cargo” using AI-enabled logistics. Lovable raised $400m backed by the EU’s Scaleup Fund at a $13.3bn valuation. Drone startup Uforce is targeting upwards of a $4bn valuation in a new funding round. Fitness startup funding is rebounding, with investors seeking AI and data rather than treadmills; total investment in fitness and wellness exceeded $3.6bn in the first half of the year. Deeptech founders are dictating term sheets in 2026, with advice on securing fair deals. Lessons from Ukraine offer insights on keeping up morale among tech workers amid war.

Secondaries & Credit

CVC Credit priced Apidos LVIII, a new $550m collateralised loan obligation, extending a busy year of issuance. US investors are raising questions over credit secondaries valuations, with executives from a New York pension fund and a Dallas-based multifamily office sharing views. Hollyport maintained its independence by selling a passive stake to Blue Owl, which will ultimately represent approximately 25% of the firm’s economic interests. Valuations are under scrutiny by the SEC on multiple fronts, as noted in a Side Letter edition.

Sector Deals: Beverage & Consumer

Bain, Platinum Equity and Monogram led recent beverage deals: Monogram completed a continuation fund for beverage company Mountaintop, with Apollo S3 as lead investor. HarbourVest’s strategy also covers beverage sector deals alongside manufacturing.

Sector Deals: Healthcare & Life Sciences

Gridiron Capital is investing in van den Boom & Associates, a life sciences back-office solutions provider offering finance, accounting, HR, contract management and IT services. CHG Healthcare, a PE-backed hospital staffing firm, acquired medical staffing firm Krewe Anesthesia.

Sector Deals: Industrials & Infrastructure

Alro Steel, a metals distributor founded in 1948, landed a majority investment from Lindsay Goldberg; the Glick family will retain a significant ownership stake. THL Partners invested in pavement maintenance services firm Pave Masters, with existing investor Northern Lakes Capital selling its stake. Capitol Services, backed by Clearview, acquired corporate services provider Wolz.

Sector Deals: Loyalty & Entertainment

Blackstone and La Caisse are leading a roughly $1.8bn (C$2.5bn) minority investment for a 25% stake in Air Canada’s Aeroplan loyalty program, valuing the business at about $7.2bn (C$10bn).

Energy & Other

Solar energy is drawing private equity interest. Investors highlighted 16 energy startups to watch in Europe, according to investors.