Private Equity 24-Hour Briefing
×Last updated: October 7, 2026, 9:36 PM ET
Mega-Deals & Take-Privates
CD&R and McKesson agreed a $5.8bn take-private of Option Care Health, underscoring appetite for large healthcare buyouts. KKR, meanwhile, struck a $5.1bn deal to buy Gen II Fund Services from Hg and General Atlantic, adding a major independent fund administrator to its platform. CVC and GBL raised their offer for Recordati to €53 a share in what they called a "best and final" bid for the Italian pharmaceutical group.
Exits & Divestitures
Blackstone agreed to sell its B2B events business Clarion to Informa for $3.0bn, with Clarion's more than 100 specialist brands changing hands. Apposite Capital completed its first Healthcare III exit with the sale of Crest Optics to Evident. In energy, Old Ironsides and EnCap Flatrock's Brazos sealed a $4.4bn Midland asset sale to ONEOK.
Infrastructure & Energy
GIP and CPP Investments each took a 50% stake in a new AT&T fibre joint venture. Partners Group-backed Middle River Power agreed to buy a California gas plant from Ares, extending its independent power footprint.
Healthcare & Services
Integrity Care Group, backed by Goldman Sachs, completed a deal for 15 NextCare clinics across three states. Altaris completed the carve-out of Clarivate's life sciences and healthcare business, which provides AI-enabled data intelligence tools. Spectrum Equity made its first institutional investment in hospital data firm Symmetric, which maintains a database of nearly 20 million healthcare records.
Senior Living & Real Estate-Adjacent
BDT & MSD agreed to acquire Sunrise Senior Living from PSP Investments, a portfolio of more than 230 communities across the US and Canada.
Mid-Market & Services Deals
Carlyle and CVC's CFGI agreed to acquire Texas advisory firm BAO Consulting, which provides accounting and CFO services. North Branch Capital backed industrial maintenance provider Callaway Industrial Services, while Align Capital Partners' Advantage Investigations completed an add-on of NorStar Investigations. Searchlight and Fitzroy agreed to acquire credit manager Kredinor from Spare Bank 1 Gruppen.
Sustainability & Water
Eurazeo made a play in water efficiency, acquiring a majority stake in Miya, which helps utilities cut non-revenue water losses. The move was paired with a separate Miya Water transaction announced alongside Blackstone's Clarion sale.
Fundraising & LP Allocations
Fundraising rose in Q3, according to preliminary PEI Group data. Boka is targeting $300m for its third defence fund, with final close aimed for Q1. The £108bn LGPS Central pool committed an additional £2bn to private markets over the period.
Venture & Growth Funding
Endeavor Catalyst raised $320 million to back founders outside Silicon Valley. Mecka AI, which trains humanoid robots using human motion data, secured $60M from Sequoia. Rivercell raised a $25m seed to build a world model for human cells. North America's startup funding fell in Q3 as AI megarounds faded, with investors deploying $92 billion across seed through growth stages.
Market Outlook & Commentary
Analysts warned that AI public listings are raising the bar for investors, with scrutiny intensifying around these offerings. Hybrid structures are gaining traction in secondaries, as explored in Going hybrid. European defence tech faces a reality check as valuations are tested, while Aleph Alpha and Mistral releases raise hopes for Europe's sovereign AI push.