Private Equity 3d Briefing
×Fundraising & Exits
HGGC pe-insights.com surpassed its fundraising target by securing $3.2 billion for its fifth flagship fund. Moonfare pe-insights.com closed its Co-Investment Fund II at $83 million, exceeding its target within 12 months. Tikehau Capital pe-insights.com closed its second private debt secondaries fund above target, securing more than $1 billion.
Major Deals
Blackstone pe-insights.com is preparing a potential sale of its orthopedics unit De Puy Synthes, with private equity firms circling the $20 billion-plus deal. Bain Capital pe-insights.com is considering a sale or IPO of its portfolio company Dessert Holdings in a dual-track process valued at over $3 billion. 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.
Acquisitions
Cargo Sprint pehub.com, backed by Lone View, acquired Dray Dog, a provider of software for the cargo industry. Cube pehub.com, backed by Hg, picked up regulatory tech firm 4CRisk. Angeion pehub.com, backed by Renovus, acquired legal services firm Med Quest. Peak Rock pehub.com will acquire UL Solutions' employee health and safety software business. Handling Systems and Conveyors Inc pehub.com was acquired by HKW.
Investment Activity
Amberjack pehub.com acquired waste management firm Cima Services. Somersault pehub.com, backed by Hidden River, acquired six California Little Gym locations. Micro Grid Networks pehub.com secured an investment from Palisade Infrastructure. West View pehub.com invested in Benefits All In. Amber River pehub.com, a UK wealth management advice firm, received investment from Stone Point Capital.
Sector Focus
Several private equity firms are investing in medical component manufacturing, with Mid Europa pehub.com and SK Capital among the active players. Ocean Sound Partners pehub.com picked up fintech firm Automated Financial Systems. Scale Computing pehub.com, backed by Oaktree, acquired Adaptiv Networks. SES pehub.com, backed by Palladium Equity, acquired chemical cleaning services firm Chem Worx.
Secondary Markets
Blue Owl pe-insights.com sold a $1.4 billion portfolio of private loans to pensions and an insurer to manage redemptions. 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. Eurazeo pehub.com completed an exit of its minority stake in Ex Nihilo to L Catterton.
Fundraising Trends
FTV Capital pehub.com promoted Adam Hallquist to partner, where he will lead investments for FTV Ascend with a focus on vertical software, payments, and financial technology. Bregal Sagemount pehub.com invested in Harbor Compliance, appointing Chad Nuss as CEO and board member. Platinum Equity-backed pehub.com SES acquired chemical cleaning services firm Chem Worx.
Market Developments
Bank of America pe-insights.com committed $25 billion of its own capital to private credit expansion. Ares Management pe-insights.com priced its second European direct lending CLO, a €303.95 million-equivalent transaction. Apollo Global Management-backed pe-insights.com ATLAS SP Partners extended a $250 million, two-year credit facility to expand SME financing.
Sports & Entertainment
Ares Management pe-insights.com is preparing to expand its sports investment strategy into Europe with a dedicated fund. Indian Premier League pe-insights.com has emerged as a serious private equity target, with global firms including KKR, Blackstone, Partners Group, and CVC Capital showing interest.
Market Challenges
Japanese VCs face DPI hurdles under new listing rules as the Tokyo Stock Exchange increases minimum market capitalization for companies listed in its Growth Market section to ¥10 billion by 2030. High hopes for the IPO market have been dashed, at least temporarily, spooked by investor concerns about AI disruption and the stock market sell-off in sectors including software and logistics.
Wealth Management
Stone Point Capital invested in Amber River, an independent UK wealth management advice firm. The residential services segment continues to attract private equity interest, with Blackstone pehub.com leaning on Champions Group for growth in this area.