Private Equity 3d Briefing
×Market Activity & Deal Flow
KKR pe-insights.com is exploring a sale of BMC Helix that could value the AI-driven IT service at $1.5 billion. Kinderhook pehub.com agreed to take home health and hospice firm Enhabit private for $1.1 billion, with stockholders receiving $13.80 per share in cash. KKR pe-insights.com outbid rivals to secure a majority stake in $1.3 billion XCL Education Holdings, marking another major education sector play.
EQT-backed Scale Microgrids pehub.com scooped up Reload, expanding its advanced energy solutions portfolio. Crestview-backed One Magnify pehub.com acquired Optimal's performance marketing business, strengthening its AI-enabled marketing capabilities. Frazier Healthcare-backed Rev Spring pehub.com acquired healthcare tech firm Trust Commerce from Waud Capital Partners, enhancing its healthcare payment solutions.
Broadband internet provider Vero Networks pehub.com raised $500 million from an investor group led by Hamilton Lane, Braemont Capital and Delta-v Capital. L Squared pehub.com snapped up Functional Devices, with the existing leadership team reinvesting alongside the private equity firm. Haveli pehub.com backed software firm Sirion, providing capital to accelerate product innovation and global expansion.
Sector Focus & Strategic Moves
Goldman Sachs-backed CSD pehub.com acquired autism services firm Behavior Change Institute, expanding its evidence-based autism and behavioral health services. Vistria pehub.com acquired insurance holding company Lumen Holdings, which underwrites commercial property, builders' risk, and multiple lines across 30 states. 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. Turning Rock pehub.com exited food company Ameri Qual, which is majority owned by the Harlan family. Bluestone Equity Partners pe-insights.com announced a three-year partnership with USA Archery ahead of the 2028 Games, strengthening its sports portfolio.
Industry Trends & Outlook
Global private equity dealmaking pe-insights.com rebounded sharply in 2025, with buyout deal value surging to $904 billion. Over half of GPs launching continuation vehicles cited returning capital to existing LPs as their primary motivation, with 40% expecting to consider CVs in the next two years. Mid-market sponsors are increasingly turning to larger CVs, with CV-on-CV transactions expected to become more prevalent.
Europe pehub.com is drawing capital as dealmakers weigh US tariff uncertainty, according to Lincoln International. Permira's pehub.com long hold on Evelyn Partners showcases UK wealth management's M&A evolution, with Nat West agreeing to buy the firm from Permira and Warburg Pincus at a £2.7 billion enterprise value. The industry's recovery appears to be gaining traction as more GPs put money to work and speed up distributions to investors.
Fundraising & Investment Strategy
Ardian pe-insights.com opened private equity to 5.6 million UK DC savers through a partnership with Legal & General, democratizing access to alternative investments. Qatar Investment Authority pe-insights.com committed several hundred million dollars to 5C to expand its private credit platform. ECI Partners pehub.com welcomed Marijn Pangemanan as new investment director while appointing Scarlett Salamon as investor relations analyst.
Evercore secondariesinvestor.com tapped Adams Street Partners for a new APAC secondaries head following Shane Gong's departure. Thoma Bravo's Holden Spaht and New York's Anastasia Titarchuk pehub.com discussed how GPs and LPs view AI disruption at PEI Group's NEXUS 2026 summit. Top private equity news pe-insights.com highlighted India's Indian Premier League emerging as a serious target, with global firms including KKR, Blackstone, Partners Group, and CVC Capital circling the asset.
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 showing interest. Bluestone Equity Partners strengthened its sports portfolio with a three-year partnership with USA Archery ahead of the 2028 Games. The sports sector continues to attract private equity investment as firms seek stable, brand-driven assets with global appeal.