Private Equity 3d Briefing
×Fundraising & Capital Markets
HGGC pe-insights.com raised $3.2 billion for its fifth flagship fund, surpassing its target. Moonfare pe-insights.com closed Moonfare 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 above target. Preqin founder pe-insights.com Mark O'Hare's family office accumulated a 7.2% stake in Hg Capital Trust, building a $200 million position.
Major Exits & Sales
Blackstone pehub.com and other firms have paused IPOs due to market conditions spooked by AI disruption concerns. Bain Capital pe-insights.com is considering a sale or IPO of Dessert Holdings, potentially valued at over $3 billion. Eurazeo pehub.com completed an exit of its minority stake in Ex Nihilo to L Catterton. Blue Owl pe-insights.com sold a $1.4 billion portfolio of private loans to manage redemptions.
Acquisitions & Investments
Leonard Green pehub.com will take Mister Car Wash private for $7 per share, owning 67% of the company. Lone View-backed Cargo Sprint pehub.com acquired Dray Dog, a provider of software for the cargo industry. Renovus-backed Angeion pehub.com acquired legal services firm Med Quest. Hg-backed Cube pehub.com picked up regulatory tech firm 4CRisk. Peak Rock pehub.com will acquire UL Solutions' employee health and safety software business.
Industry Focus: Medical Component Manufacturing
Mid Europa pehub.com and SK Capital Partners are among PE firms actively investing in medical component manufacturing. Avista pehub.com, Sheridan Capital and others are also targeting this sector. The space has seen multiple deals as firms bet on healthcare infrastructure growth.
Secondary Markets & Strategic Reviews
Hollyport Capital pe-insights.com hired Evercore to explore strategic options including a potential sale, as secondaries scale premiums rise. Bank of America pe-insights.com committed $25 billion of its own capital to private credit expansion. Ares Management pe-insights.com priced a $358 million European private credit CLO. HPS Investment Partners pe-insights.com and Sixth Street provided roughly $700 million in private credit to back sponsor-led healthcare growth.
Wealth Management & Financial Services
Stone Point Capital pehub.com invested in UK wealth management advice firm Amber River. Apollo-backed ATLAS pe-insights.com extended a $250 million credit facility to expand SME financing. Bregal Sagemount pehub.com invested in Harbor Compliance, appointing Chad Nuss as CEO and board member.
Infrastructure & Industrial
West View pehub.com invested in benefits administration platform Benefits All In, with partner Kevin Twomey joining the board. Amberjack pehub.com acquired waste management firm Cima Services. Palladium Equity-backed SES pehub.com acquired chemical cleaning services firm Chem Worx. Platinum Equity-backed SES pehub.com also acquired Chem Worx.
Technology & Software
Ocean Sound Partners pehub.com picked up fintech firm Automated Financial Systems, with Edward Jenkins joining as CEO. Oaktree-backed Scale Computing pehub.com acquired Adaptiv Networks, an edge computing and network solutions provider. Micro Grid Networks pehub.com secured investment from Palisade Infrastructure while retaining SER Capital Partners as majority owner.
Sports & Entertainment
Ares Management pe-insights.com is preparing to expand its sports investment strategy into Europe with a dedicated fund. 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.
Leadership Changes
Morgan Stanley secondariesinvestor.com saw its PCA chief depart the bank, with a replacement for global head of the PCA group yet to be named.
Market Outlook
The Tokyo Stock Exchange's new listing rules increasing minimum market capitalisation to ¥10 billion by 2030 could have knock-on implications for secondaries activity, affecting Japanese VCs' DPI hurdles.