Private Equity 3d Briefing
×Fundraising & Investment
Tikehau Capital pe-insights.com closed its second private debt secondaries fund above target, securing more than $1 billion. Bank of America pe-insights.com is committing $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 valued at $358 million.
Major Exits & IPOs
Blackstone-backed Clean Max pe-insights.com is preparing an IPO with Temasek and ADIA as cornerstone investors in the $341 million offering. Bain Capital pe-insights.com is exploring a $3 billion-plus exit for Dessert Holdings through a dual-track process involving both sale and IPO options. Eurazeo pehub.com completed its exit of a minority stake in luxury fragrance house Ex Nihilo to L Catterton.
Acquisitions & Portfolio Moves
Lone View-backed Cargo Sprint pehub.com acquired Dray Dog, a provider of software for the cargo industry based in Atlanta. Peak Rock Capital pehub.com agreed to acquire UL Solutions' employee health and safety software business. Hg-backed Cube pehub.com picked up regulatory technology firm 4CRisk, a provider of automated regulatory intelligence and change management solutions. 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 markets.
Sector Focus: Medical Component Manufacturing
Mid Europa and SK Capital pehub.com led private equity's bet on medical component manufacturing, joining other firms active in the space. Avista, Sheridan Capital pehub.com and others are investing in this sector as demand for medical components continues to grow.
Secondaries Market
Blue Owl Capital pe-insights.com sold a $1.4 billion portfolio of private loans to pensions and insurers to manage redemptions. Preqin founder Mark O'Hare pe-insights.com built a $200 million stake in Hg vehicle through his family office, accumulating a 7.2% position in Hg Capital Trust. Plutus Partners secondariesinvestor.com, a Singapore-based single-family office, is open to secondaries opportunities across private real estate, debt, and equity.
Sports & Entertainment
India's 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 Partners expressing interest in the cricket league.
Wealth Management
Stone Point Capital pehub.com invested in Amber River, an independent wealth management advice firm in the UK. Structural challenges pehub.com loom over European defense deals, according to Houlihan Lokey, while space tech has become a top target for investors seeking dual-use growth.
Leadership Changes
Morgan Stanley's PCA chief secondariesinvestor.com left the bank, with a replacement for the global head of the PCA group not yet named. The group will continue to operate as usual during the transition.