Private Equity 3d Briefing
×Fundraising & Secondaries
Fund Friday pe-insights.com highlights Tikehau Capital closing its second private debt secondaries fund above target with over $1 billion secured. Preqin founder pe-insights.com Mark O'Hare's family office accumulated a 7.2% stake in Hg Capital Trust through a $200 million investment. Secondaries Investor secondariesinvestor.com explores market capitalization trends for 2026 and beyond in its latest podcast featuring Evercore's Nigel Dawn. Investor Intentions secondariesinvestor.com reveals Singapore-based Plutus Partners is open to secondaries opportunities across private real estate, debt, and equity.
Deal Activity
Morgan Stanley's PCA chief secondariesinvestor.com departed the bank without an immediate replacement named for the global head of the PCA group. Lone View-backed Cargo Sprint pehub.com acquired Dray Dog, a provider of software for the cargo industry based in Atlanta. Peak Rock pehub.com agreed to acquire UL Solutions' employee health and safety software business, with the Chicago-based safety science firm involved in the transaction. Hg-backed Cube pehub.com picked up regulatory technology firm 4CRisk, while Renovus-backed Angeion pehub.com acquired legal services firm Med Quest, a Philadelphia-based provider of legal notice and administration services. HKW pehub.com acquired Handling Systems and Conveyors Inc, which serves aerospace, defense, industrial manufacturing, and transportation end markets.
Sector Focus
Mid Europa and SK Capital pehub.com led private equity's bet on medical component manufacturing, joining other active firms in the space. PE Hub pehub.com identified five deals showing bullish sentiment in medical component manufacturing with Avista, Mid Europa, SK Capital, and Sheridan Capital among the investors. Structural challenges pehub.com loom over European defense deals according to Houlihan's Géraud Estrangin, while Stone Point Capital pehub.com backed UK wealth management advice firm Amber River. Bain Capital pe-insights.com explores a $3 billion-plus exit for Dessert Holdings through a dual-track process involving sale or IPO.
Large-Scale Transactions
Private equity firms pe-insights.com circle as Johnson & Johnson explores a potential sale of its orthopedics unit De Puy Synthes for $20 billion-plus. Blue Owl pe-insights.com sold a $1.4 billion portfolio of private loans to pensions and insurers to manage redemptions. Eurazeo pehub.com completed its exit of a minority stake in luxury fragrance house Ex Nihilo to L Catterton. Temasek and ADIA pe-insights.com anchor a $341 million Clean Max IPO backed by Brookfield as cornerstone investors.
Market Developments
Ares Management pe-insights.com priced a $358 million European private credit CLO, its second European direct lending CLO valued at €303.95 million equivalent. Bank of America pe-insights.com committed $25 billion of its own capital to private credit expansion. Sports' Saturday pe-insights.com highlights India's Indian Premier League emerging as a serious private equity target with global firms including KKR, Blackstone, Partners Group, and CVC Capital showing interest.
Exit Activity
Stone Point Capital invested in UK wealth management advice firm Amber River. Eurazeo completed its exit from luxury fragrance house Ex Nihilo to L Catterton. Blue Owl sold a $1.4 billion loan portfolio to manage redemptions. Bain Capital explores a dual-track exit for Dessert Holdings potentially valued at over $3 billion.