Private Equity 3d Briefing
×Private Equity Deals
Permira pehub.com and Warburg Pincus's sale of Evelyn Partners to Nat West for £2.7 billion highlights the ongoing M&A evolution in UK wealth management. Lone View pehub.com-backed Cargo Sprint acquired Dray Dog, expanding its presence in the cargo industry software market. HKW acquired Handling Systems and Conveyors Inc HKW pehub.com, which serves the aerospace and defense, industrial manufacturing, and transportation sectors. Hg pehub.com-backed Cube acquired regulatory tech firm 4CRisk. Renovus-backed Angeion acquired legal services firm Med Quest Angeion pehub.com, a legal services firm. Eurazeo pehub.com completed the exit of its minority stake in Ex Nihilo to L Catterton.
Fundraising & Investments
Tikehau Capital pe-insights.com closed its second private debt secondaries fund, surpassing its target and securing over $1 billion. Preqin founder Mark O’Hare's family office has built a significant stake in an Hg vehicle pe-insights.com. Bain Capital pe-insights.com is exploring a potential $3 billion-plus exit for Dessert Holdings, considering either a sale or an IPO. Temasek and ADIA will be cornerstone investors in the Clean Max IPO pe-insights.com, backed by Brookfield, with a $341 million offering. Bank of America is allocating $25 billion of its balance sheet to private credit expansion pe-insights.com.
Market Trends & Analysis
Over half of GPs are launching a CV to return capital to existing LPs secondariesinvestor.com, according to a Bain study. Houlihan's Géraud Estrangin noted that space tech is a top target for investors seeking dual-use growth Houlihan pehub.com. Blackstone pehub.com is focusing on residential services with Champions Group, while Mid Europa and SK Capital are active in medical component manufacturing. Ares Management pe-insights.com priced its second European direct lending CLO, a €303.95 million-equivalent transaction.
M&A Activity & Strategy
Peak Rock pehub.com is set to acquire UL Solutions’ employee health and safety software business. Johnson & Johnson is exploring a potential sale of its De Puy Synthes unit pe-insights.com, with private equity firms circling. Blue Owl pe-insights.com sold a $1.4 billion loan portfolio to pensions and an insurer to manage redemptions. Plutus Partners is open to secondaries opportunities secondariesinvestor.com across private real estate, debt, and equity.
Sports and Other Sectors
India’s Indian Premier League pe-insights.com is emerging as a private equity target, with interest from global firms including KKR, Blackstone, Partners Group, and CVC Capital Partners. Morgan Stanley's secondariesinvestor.com PCA global head has left the bank. Evercore's Nigel Dawn discusses the outlook for activity in 2026 and key trends shaping secondariesinvestor.com the secondaries market.