Private Equity 3d Briefing
×Market Moves
The S&P 500 pehub.com fell 1.2% marking its first two-week loss since June, reflecting broader market volatility. Entrata pe-insights.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued private equity activity in tech. Peak Rock pehub.com is acquiring UL Solutions’ employee health and safety software business, highlighting the sector's focus on healthcare tech.
Deal Activity
KKR outbids rivals to secure a majority stake in $1.3bn XCL Education, demonstrating strong demand for Southeast Asian education assets. Renovus-backed Angeion pehub.com is acquiring legal services firm Med Quest, expanding its footprint in legal administration. Cube pehub.com, backed by Hg, picks up regulatory tech firm 4CRisk, showcasing growth in compliance solutions.
Macro Trends
Europe is drawing capital as dealmakers weigh US tariff uncertainty, according to Lincoln International, with Permira finding increased strategic interest in Evelyn Partners. Bank of America pe-insights.com commits $25bn of balance sheet to private credit expansion, signaling institutional support for the sector. Temasek and ADIA pe-insights.com anchor a $341m Clean Max IPO backed by Brookfield, indicating strong institutional appetite for sustainability-focused deals.
Regional Focus
Lone View-backed Cargo Sprint pehub.com acquires Dray Dog, a provider of software for the cargo industry based in Atlanta. HKW pehub.com acquires Handling Systems and Conveyors Inc, serving aerospace, defense, and industrial manufacturing. Mid Europa and SK Capital pehub.com lead PE’s bet on medical component manufacturing, alongside Sheridan Capital, as the sector sees heightened activity.
Fundraising & Strategy
Over half of GPs expect to mull a CV in the next two years, according to Bain, with returning capital to LPs cited as the primary driver. Preqin founder Mark O’Hare pe-insights.com builds a $200m stake in a Hg vehicle through his family office, reflecting strategic family office engagement. Eurazeo pehub.com completes an exit of its minority stake in Ex Nihilo to L Catterton, concluding a luxury fragrance portfolio exit.
IPOs & Exits
J&J explores a $20bn-plus sale of its orthopedics unit De Puy Synthes, attracting private equity interest. Avista, Mid Europa, SK Capital and Sheridan Capital pe-insights.com are among the PE firms investing in medical component manufacturing, highlighting the sector's strategic importance.