Private Equity 24 Hours

Last updated: August 19, 2026, 11:40 PM ET

Energy & Infrastructure

KKR has made a $9bn bid for UGI, the US natural gas and electricity distributor, in a move targeting data centre-driven power demand. EQT is exploring a potential $500m exit from its Vietnamese English-language school assets, according to Bloomberg sources. EQT has also entered the sports franchise arena, acquiring a majority stake in Australia's Melbourne Storm rugby league club at a A$150m ($106m) valuation. Midas Atlantic and Najafi have signed a deal for Panasonic's power and battery unit, which supplies components to industrial and automotive customers in Germany and Slovakia. Turnspire has acquired rail services provider Hulcher, which operates over 3,000 specialized units across 28 service centers serving all six North American Class I railroads.

Technology & Software

Rillet has raised $100M in a Series C round at a $1B valuation, becoming a unicorn just two years after emerging from stealth, led by Iconiq following a doubling of its ARR in three months. PSG has invested in XBE, a construction software provider, with founder and CEO Sean Devine and Banneker Partners retaining significant ownership. Oakley has moved to acquire Graphwise, an AI platform serving over 200 blue-chip customers with knowledge graph and semantic layer technology for enterprise AI. CataCap has acquired a majority stake in B4Restore, a Danish provider of backup, storage and business continuity services operating from Danish data centers.

Healthcare & Business Services

Dental365 is set to hit the auction block in 2027, with potential valuation based on $75M-$100M of EBITDA generated over the last year, according to sources. Risepoint has acquired the North American operations of healthcare edtech firm Keypath, backed by Vistria and Sterling Partners. Genstar and Stone Point are each taking co-controlling stakes in fintech firm Ascensus, investing new capital to hold equal positions. Oncourse Home Solutions, providing warranties for water, sewer, gas, electric lines, plumbing and home systems for over two million customers across 48 states, has struck an exit deal with Genstar Capital from Apax. Aventia has acquired civil engineering firm Bryant Hammett & Associates, backed by Bernhard Capital. Diamond Wipes has been acquired by River Associates, serving brands, retailers and distributors across North America. Cleanwater1 has been sold by Baird Capital to Veralto, supplying water and wastewater quality management, chemical feed systems and gas-phase filtration technologies. Industrial Electronic Systems has been added to Blackford Capital's platform in a second add-on, designing and installing fire alarm, security and life safety systems across the Western US.

Cybersecurity & Data

Sophos is focusing on existing lenders to refinance or extend more than $2bn of loans, with Thoma Bravo weighing concessions after attempts to secure private credit backing fell through. B4Restore provides data protection services including backup, storage and business continuity from Danish data centers. bf1systems has been sold by BGF to Lagercrantz, having grown revenue to £17.8m and counting McLaren, Lamborghini and Porsche among its clients.

Consumer & Media

BookMyShow has secured a minority investment from KKR, betting on India's live entertainment boom. Silicon2 has received an approximately 9% stake investment from CVC, valuing the South Korean beauty products distributor at about $2.1bn as K-beauty conquers Western shelves. Weave has agreed to be acquired by Francisco Partners for $650m, marking a return to household products investing led by Bain, River Associates and Kainos.

Venture Capital & Startups

Travis Kalanick has raised $1.7bn for his new robotics company Atoms and is reflecting on the role VCs have played in his career, stating that only 1% are helpful. Atoms represents Kalanick's latest venture after his Uber exit. The University of California system has sold $1bn of private equity fund stakes to Harbour Vest Partners at a discount, according to Bloomberg reporting. 250 companies have joined the unicorn ranks through August 15 this year, up from 193 in 2025, with leading sectors including robotics, AI labs, healthcare and biotech, financial services and AI.

Fundraising & Secondary Markets

ICG has backed Onex's Ryan again in a continuation fund process, marking three years since Onex first moved the tax services provider into a single-asset continuation fund. The University of California has offloaded $1bn of private equity stakes to Harbour Vest Partners in a secondary transaction.