Private Equity 24-Hour Briefing

Last updated: October 23, 2026, 4:40 AM ET

Mega-Deals & Take-Privates

EQT has agreed to take QIAGEN private in a €10.8bn transaction, with ADIA and CPP Investments backing the buyout of the life sciences tools group. Shell and Exxon Mobil are exploring a sale of their Infineum chemicals joint venture, a process valued at roughly $8bn that could draw private equity bidders.

Infrastructure & Real Assets

Stonepeak completed its acquisition of Chicago Parking Meters from a consortium of sellers, adding another municipal-linked asset to its portfolio. Ares Management has secured a €1.5bn equity commitment from Norges Bank Investment Management to form a European logistics partnership.

Carve-Outs & Industrial Deals

KKR agreed to acquire IEP Technologies and Newson Gale from Hoerbiger, carving out its explosion safety businesses through its Global Impact strategy. Viessmann Generations Group has taken its final minority stake in FC Bayern München, completing a long-running family investment.

Venture & Growth Backdrop

Slingshot raised $27M in seed funding to build an AI-native embedded insurer for small policies sold at checkout. Investors interviewed by Tech Crunch Venture outlined what founders need to secure a Series A today, while Crunchbase News reports acquirers are snapping up boom-era startups that have not raised money in years.

Coming Up

The QIAGEN take-private is agreed and still subject to closing, while the Infineum sale remains in its exploratory phase.