Private Equity 3d Briefing
×Deals & Exits
KKR pe-insights.com is preparing a potential $1 billion IPO for Global Medical Response, appointing banks to lead the process. Gemspring Capital pehub.com completed its exit, selling security firm Security 101 to Morgan Stanley. Kinderhook Industries pehub.com agreed to take home health provider Enhabit private for $1.1 billion, offering $13.80 per share. Parex Resources pehub.com submitted a rival $500 million cash bid for Frontera Petroleum’s Colombian assets, challenging a prior deal with Catalyst. Miura pehub.com and Mindful Capital agreed to sell ceramic tile maker Italcer to Wienerberger. Turning Rock pehub.com exited food producer Ameri Qual. Bain Capital pe-insights.com and Lone Star Funds advanced to the second round in the $1.9 billion auction for Mitsubishi Electric’s auto unit.
Market Dynamics & Trends
LP-GP alignment pehub.com has "never been more complicated," according to panelists at PEI Group's NEXUS 2026, citing scarce exits and compressed returns. Private equity pe-insights.com now accounts for over 40% of London office acquisitions, having tripled its footprint in three years via a $1.68 billion retrofit push. Family office capital pe-insights.com is driving more than half of large-scale U.S. hotel deals, as seen in Gencom's New York buying spree. Josh Harris pehub.com of 26North warned that mixing retail and accredited investor capital could create a "recipe for problems" and industry backlash. Europe pehub.com is drawing increasing capital as dealmakers weigh U.S. tariff uncertainty, with Permira noting heightened strategic interest in assets like Evelyn Partners.
Secondaries & Continuation Vehicles
GIC secondariesinvestor.com emerged as lead buyer for a majority of Meridiam’s €2 billion+ continuation vehicle portfolio, comprising 22 infrastructure assets. Brookfield pehub.com sold 16.4 million shares in a C$459 million secondary offering for Rockpoint Gas Storage. Lazard secondariesinvestor.com reported that 40% of mid-market GPs' continuation vehicles in 2025 were equivalent to 50% or more of their latest flagship fund size. Bain secondariesinvestor.com found 40% of GPs expect to consider a CV within two years, primarily to return capital to existing LPs. OMERS pe-insights.com reported $8.2 billion net income for 2025, though its private equity returns lagged the broader portfolio's 6% net return. Evercore secondariesinvestor.com hired Adams Street Partners to lead its new APAC secondaries practice.
Sector Investments & Platform Build-Ups
Ardian pe-insights.com partnered with Legal & General to open private equity access to 5.6 million UK defined contribution savers. Qatar Investment Authority pe-insights.com committed several hundred million dollars to 5C to expand its private credit capabilities. Jada Fund of Funds pe-insights.com, a PIF unit, plans to ramp up private credit as Stride targets a $200 million deployment in Saudi Arabia. Blackstone pe-insights.com and General Atlantic were among investors in Citigroup’s $2.5 billion Banamex stake sale. Ambienta pehub.com portfolio company No Dig Alliance acquired Suomen Putkisto Palvelu, doubling down on water infrastructure. Hg launched a new initiative to drive AI adoption across its portfolio companies.
Healthcare & Industrials Consolidation
Frazier Healthcare-backed pehub.com Rev Spring acquired healthcare tech firm Trust Commerce from Waud Capital Partners. Vistria pehub.com acquired insurance holding company Lumen Holdings, which underwrites across 30+ states. Arcline pehub.com invested in defense supplier Hydraulics International Inc. Ventus Industrial pehub.com, backed by a PE firm, hired retired Vice Admiral William Hilarides to lead its defense industry growth. Goldman Sachs-backed pehub.com CSD acquired autism services provider Behavior Change Institute.
Technology & Software Deals
KKR pe-insights.com is exploring a potential $1.5 billion sale of BMC Helix, testing the market for AI-driven IT service assets. Haveli pehub.com invested in contract management software firm Sirion. Crestview-backed pehub.com One Magnify acquired Optimal’s performance marketing business. EQT-backed pehub.com Scale Microgrids acquired Reload. L Squared Capital pehub.com acquired Functional Devices, with management reinvesting. Bay Hawk pehub.com invested in Gridco, where founders remain majority shareholders.
Middle-Market & Add-On Activity
Main Capital Partners-backed pehub.com TMA acquired HR tech firm STYR, its third deal since December. Ambienta pehub.com portfolio company No Dig Alliance completed its second add-on with Suomen Putkisto Palvelu. Topspin pehub.com injected capital into fitness equipment manufacturer Grid. Victor Capital pehub.com backed Specialty Fenestration Group, parent of Quikserv and US Bullet Proofing. Kava Equity pehub.com acquired drywall contractor The Berg Group. Green Heron pehub.com invested in Regency Plumbing Contractors. GHK Capital pehub.com acquired architecture and engineering firm CPL.
Sports & Consumer
Bluestone Equity Partners pe-insights.com announced a three-year partnership with USA Archery ahead of the 2028 Games. Shamrock Capital pehub.com acquired creative agency Mutiny from Trailer Park Group. ASC-backed pehub.com Campus Works merged with college consultant Dynamic Campus.