Private Equity 3d Briefing
×Market Moves
The S&P500 dropped 1.2% pehub.com in its worst week since June, marking a significant pullback after volatile trading. Entrata pehub.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued private equity activity in tech. Meanwhile, Japan may intervene to buy yen pehub.com amid speculation, while Ecuador is eyeing a $4B bond sale return.
Deals
Crestview-backed One Magnify acquired Optimal’s performance marketing business pehub.com, a Detroit-based AI-enabled marketing solutions provider. EQT-backed Scale Microgrids scooped up Reload pehub.com, expanding its advanced energy solutions portfolio. L Squared snapped up Functional Devices pehub.com, with existing leadership retaining control. KKR is testing the software market with a potential $1.5bn BMC Helix sale pe-insights.com, while Conoco Phillips is exploring a $2bn Permian asset sale. Frazier Healthcare-backed Rev Spring acquired healthcare tech firm Trust Commerce pehub.com, and Vistria acquired insurance holding company Lumen Holdings pehub.com, covering commercial property and liability across 30 states.
Strategy & Markets
KKR outbid rivals to secure a majority stake in $1.3bn XCL Education pe-insights.com, a significant move in the education sector. Permira’s long-held stake in Evelyn Partners showcases UK wealth management’s M&A evolution pehub.com, following its February sale to Nat West. A Bain study reveals 40% of GPs expect to mull a CV in the next two years secondariesinvestor.com, as mid-market sponsors seek liquidity solutions.
Infrastructure & Innovation
Green Heron invested in Regency Plumbing Contractors pehub.com, with the executive team retaining leadership. GHK Capital acquired architecture and engineering firm CPL pehub.com, a provider with 500+ employees across eight states. Haveli backed software firm Sirion pehub.com, accelerating product innovation and global expansion. Broadband provider Vero Networks racked up $500m from investor groups pehub.com, led by Hamilton Lane and Braemont Capital.
Capital Markets
Ardian opened private equity to 5.6m UK DC savers through Legal & General pe-insights.com, while Qatar Investment Authority committed several hundred million dollars to expand private credit pe-insights.com. Turning Rock exited food company Ameri Qual pehub.com, majority-owned by the Harlan family. Goldman Sachs-backed CSD acquired autism services firm Behavior Change Institute pehub.com, a provider of evidence-based behavioral health services. Broadband internet provider Vero Networks racked up $500m from investor groups pehub.com, led by Hamilton Lane and Braemont Capital. Kinderhook took home health and hospice firm Enhabit private for $1.1bn pehub.com.
Secondary Markets
Europe is drawing capital as dealmakers weigh US tariff uncertainty pehub.com, per Lincoln International, while Permira’s hold on Evelyn Partners showcases UK wealth management’s M&A evolution pehub.com. A Bain report notes 40% of GPs expect to mull a CV in the next two years secondariesinvestor.com, as mid-market sponsors seek liquidity solutions. Europe drawing capital as dealmakers weigh US tariff uncertainty pehub.com highlights Lincoln International’s analysis, with Permira and Warburg Pincus selling Evelyn Partners to Nat West.
Executive Moves
Evercore tapped Adams Street Partners for a new APAC secondaries head secondariesinvestor.com, following Shane Gong’s January 2025 departure. ECI Partners welcomed Marijn Pangemanan as new investment director. Bain’s latest report notes 40% of GPs expect to mull a CV in the next two years, with over half citing capital return as the primary reason for launching a CV.