Private Equity 3d Briefing
×Major Deals & Exits
Blackstone pe-insights.com is exploring a potential sale of its orthopedics unit De Puy Synthes, which could fetch over $20 billion. Bain Capital pe-insights.com is considering a dual-track process for Dessert Holdings, potentially valuing the dessert company at more than $3 billion through either an IPO or sale. Leonard Green pehub.com is taking Mister Car Wash private at $7 per share, acquiring the remaining shares it doesn't already own after its 2014 investment.
Fundraising & Capital Markets
HGGC pe-insights.com raised $3.2 billion for its fifth flagship fund, surpassing its target. Moonfare pe-insights.com closed its Co-Investment Fund II at $83 million, exceeding its fundraising goal within 12 months. Tikehau Capital pe-insights.com secured more than $1 billion for its second private debt secondaries fund, closing above target.
Secondary Market Activity
Blue Owl pe-insights.com sold a $1.4 billion portfolio of private loans to manage redemptions, while Hollyport Capital pe-insights.com hired Evercore to explore strategic options including a potential sale as secondaries scale premiums rise. Preqin founder Mark O'Hare pe-insights.com built a $200 million stake in Hg Capital Trust through his family office, accumulating a 7.2% ownership position.
Strategic Investments & Add-ons
Mid Europa and SK Capital pehub.com are leading private equity's bet on medical component manufacturing, with several firms active in the sector. CVC Capital Partners pe-insights.com is working with Goldman Sachs to explore a sale of marina operator D-Marin at approximately $1.08 billion. Ares Management pe-insights.com is preparing to expand its sports investment strategy into Europe with a dedicated fund.
Technology & Software Acquisitions
Ocean Sound Partners pehub.com acquired fintech firm Automated Financial Systems, while Hg-backed Cube pehub.com picked up regulatory tech firm 4CRisk. Scale Computing pehub.com, backed by Oaktree, acquired Adaptiv Networks to expand its edge computing and network solutions portfolio. Peak Rock pehub.com is acquiring UL Solutions' employee health and safety software business.
Healthcare & Life Sciences
Palladium Equity-backed SES pehub.com acquired chemical cleaning services firm Chem Worx, while Platinum Equity-backed SES pehub.com made a similar acquisition in the industrial and environmental services space. Renovus-backed Angeion pehub.com acquired legal services firm Med Quest, expanding its legal notice and administration services platform.
Infrastructure & Energy
Palisade Infrastructure pehub.com invested in Micro Grid Networks, with existing backer SER Capital Partners retaining majority ownership. Apollo-backed ATLAS SP Partners pe-insights.com extended a $250 million credit facility to expand SME financing. Brookfield-backed Clean Max pe-insights.com is preparing for an IPO anchored by Temasek and ADIA, targeting $341 million in capital.
Wealth Management & Financial Services
Stone Point Capital pehub.com invested in UK wealth management advice firm Amber River, while West View pehub.com invested in Benefits All In, with partner Kevin Twomey joining the board. Bregal Sagemount pehub.com invested in Harbor Compliance, appointing Chad Nuss as CEO and board member.
Market Trends & Outlook
EY-Parthenon's Nadine Mirchandani pehub.com predicts larger, high conviction deals are on the cards as acquisition prices for European SMEs fell to their lowest level since 2014 in Q4 2025. Houlihan Lokey pehub.com notes structural challenges loom over European defense deals, while space tech emerges as a top target for investors seeking dual-use growth opportunities.
Industry Personnel Moves
David Nemecek ft.com, a top Kirkland & Ellis debt lawyer, defected to Simpson Thacher after private capital groups pushed back against his tactics. Morgan Stanley's PCA chief secondariesinvestor.com left the bank, with a replacement for the global head of the PCA group yet to be named.
Regional Market Developments
Japanese VCs secondariesinvestor.com face DPI hurdles under new listing rules as the Tokyo Stock Exchange increases minimum market capitalization requirements for companies listed in its Growth Market section to ¥10 billion by 2030. Singapore-based Plutus Partners secondariesinvestor.com, a single-family office, is open to secondaries opportunities across private real estate, debt, and equity.
Market Conditions & IPO Landscape
Market conditions pehub.com have paused IPOs from Blackstone and others as investor concerns about AI disruption and stock market sell-offs in sectors including software and logistics have dampened enthusiasm. Water tech deal volume and valuations are at peak levels, according to Houlihan Lokey's latest analysis.