Private Equity 24-Hour Briefing
×Last updated: October 14, 2026, 11:42 PM ET
Continuation Funds & Secondaries
Gen Nx360 Capital Partners has closed a $285m continuation fund led by Churchill, moving Whitsons Culinary Group into a single-asset vehicle. A parallel report on the same transaction describes the Churchill-led structure in more detail, with the Hauppauge, New York-based provider of customized dining services serving as the anchor asset in the deal, as covered in the PE Hub write-up.
Separately, Permira is in talks to sell credit intelligence provider Octus to the London Stock Exchange Group for $3.5bn, a deal that would represent a sizeable exit for the sponsor. Further detail on the potential sale and the broader bidding dynamics around Recordati is available in PE Hub's coverage, which notes that Palliser Capital has confirmed it does not support the CVC and GBL bid for the Italian pharmaceutical group.
Large Transactions
Blackstone has agreed a $1.5bn sale of ZO Skin Health to Galderma, with the dermatology business, founded by Zein Obagi, generating roughly $330m in net revenue. The deal marks a meaningful realization for Blackstone's healthcare portfolio at a time when aesthetic and dermatology assets continue to attract strategic buyers.
In healthcare services, BlackRock's HPS Investment Partners is set to buy out Welsh Carson's $2.8bn stake in Humana's Center Well clinics, consolidating control over a sizeable piece of the insurer's care delivery platform.
Mid-Market Activity
Brynwood's West Madison has acquired the maker of Bob's Big Boy dressings from Salt Creek, a Flavor of California-linked licensee formed in 2018 that holds the rights to produce and sell the branded products.
Archimed has taken a majority stake in Brazilian wastewater treatment specialist Genetica, which develops and manufactures biological products for industrial applications. Ara Partners has likewise taken a majority position in Pacific Ag, the crop residue harvester that collects corn stover and wheat straw.
Rockbridge Growth Equity's Formativ Group has bought AI and technology consultancy Saige Consulting, which advises public and private sector organizations on modernizing their operations. Blackford Capital's Habco has acquired century-old Virginia electrical contractor EG Middleton, a business employing around 120 people, more than 100 of them electricians.
Audax Private Equity's AKAM has added New York property manager Matthew Adam Properties, which manages 85 residential properties, to its platform. BBH Capital Partners has taken a minority stake in loan servicer Goal Solutions, which provides servicing, asset management and SPV administration. PSG Equity has backed the combination of Be-Cloud and Quality Hosting into a pan-European cloud platform serving SMBs with Microsoft cloud and managed services.
Fundraising & Fund Structures
Adams Street Partners has launched a $363.5m evergreen venture and growth fund aimed at qualified wealthy investors, extending its venture platform into the private wealth channel. Archi Med, meanwhile, is detailing its €1.5bn deployment plans following the final close of its fourth small-cap healthcare fund, with AI reshaping the sector's investment thesis.
Fund performance is under scrutiny, with the smallest managers struggling to dispose of ageing assets. Australia's regulator has also flagged significant concerns over unlisted asset valuations in its latest superannuation surveillance report, citing persistent valuation risks. Searchlight Capital has hired Investcorp's Sebastian Inger as a London partner, bringing more than 15 years of private equity investment experience.
Venture & Startups
Crunchbase data shows 38 companies joined the unicorn board in September, led by semiconductor, fintech and space technology companies. Stella & Dot's founder has raised $5m for Marklo, an AI marketing startup. Nvidia has announced billion-dollar investments in European tech, while a new UK fund for refugee founders launched with Atomico backing.
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