Private Equity 3d Briefing
×Deal Activity
Private equity pe-insights.com has more than tripled its share of London office acquisitions over the past three years, now accounting for a majority of purchases as firms commit $1.68 billion to retrofit buildings. Across the Atlantic, Gencom pe-insights.com is accelerating its New York hotel buying spree with backing from a family office, highlighting the growing role of such capital in large-scale hospitality deals. KKR pe-insights.com outbid rivals to secure a majority stake in $1.3 billion XCL Education Holdings, marking a major bet on the global education sector. In defense, Arcline pehub.com is investing in Hydraulics International Inc, a supplier to U.S. and allied forces, while Shamrock pehub.com snapped up creative agency Mutiny from Trailer Park Group.
Funds & Investors
PIF unit Jada pe-insights.com plans to ramp up its private credit deployment as Stride targets a $200 million allocation in Saudi Arabia. Qatar Investment Authority pe-insights.com has committed several hundred million dollars to 5C to support its private credit expansion. OMERS pe-insights.com reported $8.2 billion in net income for 2025, though its private equity returns lagged the broader portfolio's 6% net investment return. Ardian pe-insights.com has partnered with Legal & General to open private equity investments to 5.6 million UK defined contribution savers, a significant distribution channel push.
Exits & IPOs
KKR pe-insights.com is lining up a potential $1 billion IPO exit for Global Medical Response, having appointed banks for a U.S. listing. Separately, KKR pe-insights.com is exploring a sale of BMC Helix, its AI-driven IT service management software asset, which could fetch around $1.5 billion. Miura pehub.com and Mindful Capital agreed to sell Italcer to Austria's Wienerberger. Gemspring pehub.com sold Security 101 to Morgan Stanley, exiting its 2021 investment. Turning Rock pehub.com exited food company Ameri Qual, and Kinderhook pehub.com announced a $1.1 billion take-private of home health firm Enhabit.
Sector-Specific Buying
Family office capital is fueling Gencom's New York hotel acquisitions. The defense sector continues attracting PE, with a retired vice admiral joining Ventus Industrial pehub.com as PE backs shipbuilding and related industries. In healthcare, Frazier Healthcare-backed pehub.com Rev Spring acquired Trust Commerce, while Goldman Sachs-backed pehub.com CSD bought autism services firm Behavior Change Institute. Ambienta pehub.com sees water infrastructure in vogue, with its portco No Dig Alliance buying Suomen Putkisto Palvelu. Vistria pehub.com acquired insurance holding company Lumen Holdings. EQT-backed pehub.com Scale Microgrids scooped up Reload, and Bluestone pe-insights.com strengthened its sports portfolio with a USA Archery pact ahead of the 2028 Games.
Portco Add-Ons & Growth Capital
PE-backed platforms are actively consolidating. Main Capital-backed pehub.com TMA picked up HR tech business STYR, its third deal since December. Ambienta portco pehub.com No Dig Alliance completed an add-on in manhole rehabilitation. Crestview-backed pehub.com One Magnify acquired Optimal’s performance marketing business. Topspin pehub.com injected capital in fitness equipment manufacturer Grid. Bay Hawk pehub.com invested in Gridco, with founders retaining majority ownership. L Squared pehub.com snapped up Functional Devices, whose leadership reinvested. Green Heron pehub.com backed Regency Plumbing Contractors, and GHK Capital pehub.com acquired architecture firm CPL.
Industry Trends & Secondaries
Europe pehub.com is drawing capital as dealmakers weigh U.S. tariff uncertainty, with Permira noting increased strategic interest for assets like Evelyn Partners. Bain pe-insights.com reported global buyout deal value surged to $904 billion in 2025, noting the market shift where "12 is the new 5" for holding periods. On secondaries, 40% of GPs secondariesinvestor.com expect to consider a continuation vehicle in two years, per Bain, with mid-market sponsors increasingly running CVs equivalent to 50% or more of their flagship size. Secondaries Investor secondariesinvestor.com logged 85 closed CVs last year. OMERS's results showed private equity lagging, while Evercore secondariesinvestor.com hired Adams Street Partners for its new APAC secondaries head.