Private Equity 3d Briefing
×Major Deals & Investments
KKR pe-insights.com is exploring a potential $1.5 billion sale of BMC Helix as the firm tests the software market with its AI-driven IT service assets. In a separate move, KKR pe-insights.com outbid rivals to secure a majority stake in XCL Education Holdings in a $1.3 billion deal, highlighting the firm's aggressive expansion in the education sector. Meanwhile, Kinderhook pehub.com agreed to take home health and hospice firm Enhabit private for $1.1 billion, offering stockholders $13.80 per share in cash.
EQT-backed pehub.com Scale Microgrids acquired Reload to expand its advanced energy solutions portfolio, while L Squared pehub.com snapped up Functional Devices with the existing leadership team reinvesting alongside the private equity firm. Frazier Healthcare-backed pehub.com Rev Spring acquired healthcare tech firm Trust Commerce from Waud Capital Partners, strengthening its healthcare payments platform.
Fundraising & Strategic Moves
Ardian pe-insights.com partnered with Legal & General to provide private equity exposure to 5.6 million UK defined contribution savers, marking a significant expansion of PE accessibility. Qatar Investment Authority pe-insights.com committed several hundred million dollars to 5C to expand its private credit operations, while Broadband internet provider pehub.com Vero Networks secured $500 million from an investor group led by Hamilton Lane, Braemont Capital, and Delta-v Capital.
Evercore secondariesinvestor.com appointed Adams Street Partners' executive to lead its new APAC secondaries business following Shane Gong's departure, signaling continued growth in secondary market advisory services. ECI Partners pehub.com welcomed Marijn Pangemanan as new investment director and Scarlett Salamon as investor relations analyst, strengthening its investment team.
Industry Trends & Market Analysis
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 expectations across the industry. The firm's analysis shows mid-market sponsors increasingly turning to continuation vehicles, with 40% of GPs secondariesinvestor.com expecting to consider CVs in the next two years. Lazard secondariesinvestor.com noted that most CVs run by mid-market GPs in 2025 are equivalent to 50% or more of their latest flagship funds.
Europe pehub.com is drawing capital as dealmakers weigh US tariff uncertainty, with Lincoln International reporting increased strategic interest in cross-border transactions. The report highlights how firms like Permira pehub.com are showcasing UK wealth management's M&A evolution through longer hold periods, as evidenced by their recent sale of Evelyn Partners to Nat West at a £2.7 billion enterprise value.
Sector-Specific Developments
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. Green Heron pehub.com invested in Regency Plumbing Contractors, with the executive team retaining significant ownership. Vistria pehub.com acquired insurance holding company Lumen Holdings, which underwrites commercial property, builders' risk, and various liability coverages across more than 30 states.
Goldman Sachs-backed pehub.com CSD acquired autism services firm Behavior Change Institute to expand its evidence-based autism and behavioral health services portfolio. Haveli pehub.com backed software firm Sirion with investment to accelerate product innovation and global market expansion. Turning Rock pehub.com exited food company Ameri Qual, which remains majority owned by the Harlan family.
Sports & Entertainment
Bluestone Equity Partners pe-insights.com announced a three-year partnership with USA Archery as the national governing body prepares for the 2028 Games, strengthening its sports portfolio. The Indian Premier League continues to emerge as a serious private equity target, with global firms including KKR pe-insights.com, Blackstone, Partners Group, and CVC Capital circling the cricket league for potential investments.