Private Equity 3d Briefing
×Deal Activity
KKR pe-insights.com is exploring a sale of BMC Helix that could value the AI-driven IT service provider at $1.5 billion. Conoco Phillips pe-insights.com is exploring a potential $2 billion sale of selected Permian Basin assets as private equity firms eye the opportunity. Kinderhook pehub.com agreed to take home health and hospice firm Enhabit private for $1.1 billion at $13.80 per share in cash. KKR pe-insights.com outbid rivals to secure a majority stake in XCL Education Holdings in a $1.3 billion deal. Vistria pehub.com acquired insurance holding company Lumen Holdings, which underwrites commercial property and liability across more than 30 states.
Fundraising & Investment
Qatar Investment Authority pe-insights.com committed several hundred million dollars to 5C to expand its private credit operations. Broadband internet provider Vero Networks pehub.com raised $500 million from Hamilton Lane, Braemont Capital and Delta-v Capital. Goldman Sachs-backed CSD pehub.com acquired autism services firm Behavior Change Institute, expanding its behavioral health portfolio. Frazier Healthcare-backed Rev Spring pehub.com acquired healthcare tech firm Trust Commerce from Waud Capital Partners.
Industry Trends
Global private equity dealmaking pe-insights.com rebounded sharply in 2025 with buyout deal value surging to $904 billion, as "12 is the new 5" reshapes returns expectations. Europe pehub.com is drawing capital as dealmakers weigh US tariff uncertainty, with strategic interest increasing for UK wealth management assets. Over 40% of GPs secondariesinvestor.com expect to launch continuation vehicles in the next two years, with mid-market sponsors turning to larger CVs to hold trophy assets.
Portfolio Moves
Crestview-backed One Magnify pehub.com acquired Optimal's performance marketing business to expand its AI-enabled marketing solutions. EQT-backed Scale Microgrids pehub.com scooped up Reload to strengthen its advanced energy solutions portfolio. Haveli pehub.com backed software firm Sirion to accelerate product innovation and global expansion. L Squared pehub.com snapped up Functional Devices with existing leadership retaining significant ownership.
Strategic Partnerships
Bluestone Equity Partners pe-insights.com announced a three-year partnership with USA Archery ahead of the 2028 Games, strengthening its sports portfolio. Ardian pe-insights.com partnered with Legal & General to provide private equity access to 5.6 million UK defined contribution savers. Green Heron pehub.com invested in Regency Plumbing Contractors, with the executive team retaining significant ownership.
Industry Events
Thoma Bravo's Holden Spaht and New York's Anastasia Titarchuk pehub.com discussed AI disruption perspectives at PEI Group's NEXUS 2026 summit. PEI pehub.com kicked off its NEXUS 2026 conference while releasing new Commitment Issues podcast content. ECI Partners pehub.com welcomed Marijn Pangemanan as new investment director and Scarlett Salamon as investor relations analyst.
Market Exits
Turning Rock pehub.com exited food company Ameri Qual, which is majority owned by the Harlan family. GHK Capital pehub.com acquired architecture, engineering and consulting firm CPL, which employs over 500 people across 25 offices in eight states. Evercore secondariesinvestor.com tapped Adams Street Partners for its new APAC secondaries head following Shane Gong's departure.
Sector Focus
Permira's pehub.com long hold of Evelyn Partners showcases UK wealth management's M&A evolution ahead of its £2.7 billion sale to Nat West. Sports pe-insights.com emerged as a serious private equity target, with the Indian Premier League attracting global firms including KKR. Mid-market GPs secondariesinvestor.com are running continuation vehicles equivalent to 50% or more of their latest flagship funds as they seek to hold trophy assets.