Private Equity 3d Briefing
×Major PE Deals
General Atlantic pe-insights.com and Blackstone are among investors in Citigroup's $2.5 billion sale of a 24% stake in its Mexican unit Banamex. KKR pe-insights.com has outbid rivals to secure a majority stake in XCL Education Holdings in a $1.3 billion deal. Meanwhile, private equity firms are eyeing a potential $2 billion sale of selected Permian Basin assets from Conoco Phillips pe-insights.com.
Exit and Buyout Activity
Kinderhook pehub.com is taking home health and hospice firm Enhabit private in a $1.1 billion transaction. Turning Rock pehub.com has exited food company Ameriqual, which is majority owned by the Harlan family. In other exits, Permira pehub.com and Warburg Pincus completed the sale of London-based Evelyn Partners to Nat West in February at an enterprise value of £2.7 billion.
Industry Trends
Bain pe-insights.com reports global buyout deal value surged to $904 billion in 2025, with "12 is the new 5" reshaping returns. Water infrastructure is drawing increased interest pehub.com from private equity firms keen to tap into a market with several attractive features. Meanwhile, Europe pehub.com is drawing capital as dealmakers weigh US tariff uncertainty.
Secondary Market Developments
The secondaries market saw 85 continuation vehicles close in 2025, with 40 more launching or being considered Secondaries Investor secondariesinvestor.com. Evercore secondariesinvestor.com has tapped Adams Street Partners for a new APAC secondaries head following the departure of former managing director Shane Gong. A study shows 40% of GPs secondariesinvestor.com expect to consider continuation vehicles in the next two years.
Portfolio Additions
Main Capital-backed pehub.com TMA has acquired HR tech business STYR, marking TMA's third transaction since partnering with Main Capital. Ambienta's pehub.com portco No Dig Alliance has bought Suomen Putkisto Palvelu, a specialist in manhole rehabilitation and underground water pipe services. EQT-backed pehub.com Scale Microgrids has acquired Reload, while Crestview-backed pehub.com One Magnify acquired Optimal's performance marketing business.
Technology and Healthcare Focus
Haveli pehub.com has backed software firm Sirion, with the investment aimed at accelerating product innovation. KKR pe-insights.com is testing the software market with a potential $1.5 billion sale of BMC Helix. In healthcare, Frazier Healthcare-backed pehub.com Rev Spring has acquired healthcare tech firm Trust Commerce, while Goldman Sachs-backed pehub.com CSD acquired autism services firm Behavior Change Institute.