Private Equity 3d Briefing
×Fundraising & Investment
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 target within 12 months. Tikehau Capital pe-insights.com secured more than $1 billion for its second private debt secondaries fund, closing above target.
Major Exits & IPOs
Bain Capital pe-insights.com is exploring a $3 billion-plus exit for Dessert Holdings through a dual-track process involving either a sale or IPO. Blackstone pehub.com and other firms have paused IPO plans due to market conditions, with investor concerns about AI disruption and stock market sell-offs affecting sectors like software and logistics. Temasek pe-insights.com and ADIA are anchoring a $341 million IPO for Clean Max, backed by Brookfield.
Strategic Acquisitions
Morgan Stanley secondariesinvestor.com is undergoing leadership changes as its PCA chief departs, though the group will continue operating normally. CVC Capital Partners pe-insights.com has tapped Goldman Sachs to explore a potential $1.08 billion disposal of marina operator D-Marin. Ares Management pe-insights.com is preparing to expand its sports investment strategy into Europe with a new fund.
Healthcare & Medical Manufacturing
Johnson & Johnson pe-insights.com is preparing a potential sale of its orthopedics unit De Puy Synthes, which could fetch more than $20 billion and has attracted interest from private equity firms. Mid Europa pehub.com and SK Capital are among several PE firms actively investing in medical component manufacturing, with five recent deals highlighting the sector's attractiveness. HPS Investment Partners pe-insights.com and Sixth Street have provided a roughly $700 million private credit facility to support sponsor-led healthcare growth.
Technology & Software
Ocean Sound Partners pehub.com has acquired fintech firm Automated Financial Systems, with Edward Jenkins joining as CEO. Hg-backed Cube pehub.com has acquired regulatory technology firm 4CRisk, expanding its automated regulatory intelligence capabilities. Oaktree-backed Scale Computing pehub.com has acquired Adaptiv Networks, strengthening its edge computing and network solutions portfolio.
Industrial & Environmental Services
Peak Rock Capital pehub.com is acquiring UL Solutions' employee health and safety software business. Platinum Equity-backed SES pehub.com has acquired chemical cleaning services firm Chem Worx, expanding its industrial and environmental services platform. Amberjack pehub.com has acquired waste management firm Cima Services, which supports complex projects across the Gulf Coast.
Wealth Management & Professional Services
Stone Point Capital pehub.com has invested in UK-based independent wealth management advice firm Amber River. Renovus-backed Angeion pehub.com has acquired legal services firm Med Quest, expanding its legal notice and administration services. Bregal Sagemount pehub.com has invested in Harbor Compliance, appointing Chad Nuss as CEO and board member.
Infrastructure & Energy
Micro Grid Networks pehub.com has secured investment from Palisade Infrastructure, with existing backer SER Capital Partners retaining majority ownership. Apollo-backed ATLAS pe-insights.com has extended a $250 million, two-year credit facility to expand SME financing in Ireland.
Consumer & Retail
Leonard Green pehub.com is taking Mister Car Wash private for $7 per share, having made its initial investment in 2014 and currently owning 67 percent of the company's outstanding shares. Hidden River-backed Somersault pehub.com has acquired six California Little Gym locations, expanding its position as the largest franchisee within The Little Gym system.
Market Trends & Challenges
Argos Index pehub.com reports that acquisition prices for European SMEs fell in Q4 2025 to their lowest level since 2014. EY-Parthenon notes that larger, high-conviction deals are on the cards as the market evolves. Japanese VCs secondariesinvestor.com face DPI hurdles under new listing rules, with the Tokyo Stock Exchange increasing minimum market capitalization requirements for companies listed in its Growth Market section to ¥10 billion by 2030.
Secondaries & Alternative Assets
Blue Owl Capital pe-insights.com has sold a $1.4 billion portfolio of private loans to pensions and insurers to manage redemptions. Hollyport Capital pe-insights.com has hired Evercore to explore strategic options, including a potential sale, as secondaries scale premiums rise. Preqin founder Mark O'Hare pe-insights.com has built a $200 million stake in Hg Capital Trust through his family office, accumulating a 7.2 percent ownership position.
Sports & Entertainment
Ares Management is preparing a European sports fund as it accelerates its push into private wealth management. CVC Capital Partners is working with Goldman Sachs on the potential disposal of marina operator D-Marin, highlighting continued interest in sports and leisure assets.
Logistics & Transportation
Lone View-backed Cargo Sprint pehub.com has acquired Dray Dog, expanding its software offerings for the cargo industry. HKW pehub.com has acquired Handling Systems and Conveyors Inc, which serves aerospace, defense, industrial manufacturing, and transportation end markets.
Real Estate & Property Services
West View pehub.com has invested in Benefits All In, with partner Kevin Twomey joining the company's board of directors. Eurazeo pehub.com has completed its exit of a minority stake in luxury fragrance house Ex Nihio to L Catterton, marking a successful exit in the consumer sector.