Private Equity 3d Briefing
×Fundraising & Investments
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. FTV Capital pehub.com promoted Adam Hallquist to partner, who will lead investments for FTV Ascend with a focus on vertical software and fintech.
Major Exits & Acquisitions
Johnson & Johnson 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. Blackstone pehub.com and others have paused IPOs amid market conditions spooked by AI disruption concerns. Bain Capital pe-insights.com is considering a sale or IPO of Dessert Holdings in a dual-track process that could value the company 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.
Portfolio Company Activity
Leonard Green & Partners pehub.com is taking Mister Car Wash private for $7 per share, having made its initial investment in 2014. 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, acquired regulatory tech firm 4CRisk. Angeion pehub.com, backed by Renovus, acquired legal services firm Med Quest. Somersault pehub.com, backed by Hidden River, acquired six California Little Gym locations.
Sector Focus: Medical Component Manufacturing
Mid Europa pehub.com and SK Capital Partners are among private equity firms actively investing in medical component manufacturing. Avista pehub.com, Sheridan Capital, and others are also pursuing opportunities in this sector, which has seen increased deal activity.
Secondaries & Market Trends
Blue Owl Capital pe-insights.com sold a $1.4 billion portfolio of private loans to manage redemptions. Mark O'Hare's pe-insights.com family office accumulated a 7.2% stake in Hg Capital Trust, building a $200 million position. Preqin founder is building a significant stake in Hg vehicles through his family office. The Tokyo Stock Exchange's new listing rules requiring minimum market capitalization of ¥10 billion by 2030 could impact Japanese VC secondaries activity.
Private Credit Expansion
Bank of America pe-insights.com is committing $25 billion of its own capital to private credit expansion. Ares Management pe-insights.com priced a €303.95 million European direct lending CLO, its second such transaction. Apollo-backed ATLAS pe-insights.com extended a $250 million credit facility to expand SME financing in Ireland.
Infrastructure & Energy
Palisade Infrastructure pehub.com invested in Micro Grid Networks, with existing backer SER Capital Partners retaining majority ownership. Temasek Holdings pe-insights.com and Abu Dhabi Investment Authority are planning to participate as cornerstone investors in Brookfield-backed Clean Max's $341 million IPO.
Wealth Management & Financial Services
Stone Point Capital pehub.com invested in Amber River, an independent UK wealth management advice firm. Bregal Sagemount invested in Harbor Compliance, appointing Chad Nuss as CEO and board member. West View pehub.com invested in Benefits All In, with partner Kevin Twomey joining the board.
Defense & Industrial
HKW pehub.com acquired Handling Systems and Conveyors Inc, which serves aerospace, defense, industrial manufacturing, and transportation end markets. Eurazeo pehub.com completed an exit of its minority stake in Ex Nihilo to L Catterton. Amberjack pehub.com acquired waste management firm Cima Services, which supports complex projects across the Gulf Coast.
Sports & Entertainment
Ares Management pe-insights.com is preparing to expand its sports investment strategy into Europe with a dedicated fund. The Indian Premier League has emerged as a serious private equity target, with global firms including KKR, Blackstone, Partners Group, and CVC Capital exploring opportunities in the cricket league.
Leadership Changes
Morgan Stanley secondariesinvestor.com's global head of the PCA group has left the bank, though the group will continue to operate as usual. A replacement has not been named.