Private Equity 3d Briefing
×Major Deals & Exits
KKR pe-insights.com is exploring a sale of BMC Helix that could value the AI-driven IT service provider at $1.5 billion. Meanwhile, KKR pe-insights.com has agreed to acquire a majority stake in XCL Education Holdings in a $1.3 billion deal, outbidding rivals for the education platform. Kinderhook pehub.com will take home health and hospice firm Enhabit private for $1.1 billion, with stockholders receiving $13.80 per share in cash. Turning Rock pehub.com has exited food company Ameri Qual, marking another private equity exit in the consumer sector.
Platform Expansions & Acquisitions
EQT-backed Scale Microgrids pehub.com scooped up Reload to expand its advanced energy solutions portfolio. L Squared pehub.com snapped up Functional Devices, with Mark Fernandes and the existing leadership team investing alongside and continuing to lead the business. Frazier Healthcare-backed Rev Spring pehub.com acquired healthcare tech firm Trust Commerce from Waud Capital Partners. Goldman Sachs-backed CSD pehub.com acquired autism services firm Behavior Change Institute, expanding its evidence-based behavioral health services platform.
Investment Activity & Fundraising
Qatar Investment Authority pe-insights.com backed 5C with several hundred million dollars to expand its private credit operations. Green Heron pehub.com invested in Regency Plumbing Contractors, with the executive team retaining significant ownership. GHK Capital pehub.com acquired architecture, engineering and consulting firm CPL, which employs over 500 people across 25 offices in the Northeast, mid-Atlantic and Southeast regions. Vistria pehub.com acquired insurance holding company Lumen Holdings, which underwrites commercial property, builders' risk, and other lines across more than 30 states.
Fundraising & Liquidity Innovations
Bain pe-insights.com reported that global buyout deal value surged to $904 billion in 2025, with the "12 is the new 5" dynamic reshaping returns as longer hold periods become normalized. Ardian pe-insights.com partnered with Legal & General to provide private equity access to 5.6 million UK defined contribution savers, marking a significant retail expansion. ECI Partners pehub.com welcomed Marijn Pangemanan as new investment director while appointing Scarlett Salamon as investor relations analyst.
Secondary Market & Portfolio Management
Evercore secondariesinvestor.com tapped Adams Street Partners for a new APAC secondaries head following Shane Gong's departure in January 2025. Lazard secondariesinvestor.com found that 40% of GPs expect to consider continuation vehicles in the next two years, with mid-market sponsors increasingly using larger CVs to hold trophy assets and accelerate distributions. Over half of GPs cited returning capital to existing LPs as the primary reason for launching CVs, according to Bain's latest research.
Industry Events & Market Sentiment
PEI pehub.com tees off NEXUS 2026 conference while releasing new Commitment Issues podcast content. Cohn Reznick's Jeremy Swan weighed in on the SCOTUS tariff decision's implications for private equity. Europe pehub.com is drawing capital as dealmakers weigh US tariff uncertainty, with Lincoln International noting increased strategic interest for UK wealth management assets like Evelyn Partners, which Permira held for an extended period before selling to Nat West at a £2.7 billion enterprise value.
Sports & Entertainment
Bluestone pe-insights.com strengthened its sports portfolio with a three-year partnership with USA Archery ahead of the 2028 Games. The Indian Premier League has emerged as a serious private equity target, with global firms including KKR, Blackstone, Partners Group, and CVC Capital circling the cricket league for potential investments.