Private Equity 3d Briefing
×Deal Activity & Valuations
KKR pe-insights.com is testing the software market with a potential $1.5 billion sale of BMC Helix, the AI-driven IT service management platform. Private equity firms pe-insights.com are eyeing a $2 billion Permian asset sale as Conoco Phillips streamlines its portfolio. Kinderhook pehub.com agreed to take home health and hospice firm Enhabit private for $1.1 billion at $13.80 per share. Vistria pehub.com acquired insurance holding company Lumen Holdings, which underwrites commercial property and liability across 30 states. Turning Rock pehub.com exited food company Ameri Qual, majority owned by the Harlan family.
Strategic Acquisitions
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. 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. Haveli pehub.com backed software firm Sirion to accelerate product innovation and global expansion. Green Heron pehub.com invested in Regency Plumbing Contractors, with the executive team retaining significant ownership.
Industry Trends & Market Outlook
Bain pe-insights.com reported global buyout deal value surged to $904 billion in 2025, with "12 is the new 5" reshaping returns as GPs extend hold periods. Over 40% of GPs secondariesinvestor.com expect to launch continuation vehicles within two years, with 50% or more of mid-market flagship assets potentially being held in CVs, according to Lazard. Ardian pe-insights.com opened private equity to 5.6 million UK DC savers through a partnership with Legal & General. Evercore secondariesinvestor.com appointed Adams Street Partners' new APAC secondaries head following Shane Gong's departure.
Capital Markets & Fundraising
Broadband internet provider Vero Networks pehub.com secured $500 million from investors including Hamilton Lane, Braemont Capital, and Delta-v Capital. Qatar Investment Authority pe-insights.com committed several hundred million dollars to 5C to expand its private credit operations. KKR pe-insights.com outbid rivals to secure a majority stake in $1.3 billion XCL Education Holdings. ECI Partners pehub.com welcomed Marijn Pangemanan as new investment director while appointing Scarlett Salamon as investor relations analyst.
Sector-Specific Developments
GHK Capital pehub.com acquired architecture, engineering and consulting firm CPL, which employs over 500 people across 25 offices in eight states. L Squared pehub.com snapped up Functional Devices, with Mark Fernandes and the existing leadership team investing alongside and continuing to lead the business. Bluestone Equity Partners pe-insights.com strengthened its sports portfolio with a three-year partnership with USA Archery ahead of the 2028 Games.
AI & Technology Impact
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. Scale Microgrids continues expanding its advanced energy solutions through strategic acquisitions. The software market remains active with multiple large transactions including KKR's potential $1.5 billion BMC Helix sale.
Market Sentiment & Conference Insights
PEI pehub.com tees off its 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. Lincoln International pehub.com noted Europe is drawing capital as dealmakers weigh US tariff uncertainty, with Permira's long hold of Evelyn Partners showcasing UK wealth management's M&A evolution.