Private Equity 3d Briefing
×Deal Activity
CD&R pe-insights.com secured shareholder approval and EU clearance for its $6.2 billion acquisition of packaging company Sealed Air. Baird pehub.com invested in Auto Loto to expand its automated worker safety solutions. Renovus-backed Definian pehub.com acquired data analytics consultancy Incite, bolstering its Chicago-based data solutions platform.
Several add-on deals closed across sectors. North Current-backed On Track pehub.com picked up Carey’s Seamless Gutters & Overhead Doors, expanding its residential services footprint. Charlesbank-backed Velocity One pehub.com snapped up aerospace supplier Kaney Aerospace. Genstar-backed Docupace pehub.com acquired fintech firm Invest Edge, enhancing its AI-enabled back-office software for wealth managers.
Fundraising & Strategy
Novacap pe-insights.com closed its Technologies Fund VII at nearly $3.8 billion, exceeding its $2.75 billion target by over $1 billion. Otro Capital pehub.com is pursuing a broader sports ecosystem after closing a $1.2 billion fund, having already backed entities like Formula 1’s Alpine Racing. One River pe-insights.com expanded to $3 billion in assets under management by acquiring LGT Capital’s quantitative investment unit.
Exit Environment
Tri West Capital pehub.com exited Peloton Computer Enterprises through a recapitalization led by the Carlyle Group. Verdane pehub.com made a £186 million bid for fintech fund Augmentum Fintech, marking a take-private move. KKR pe-insights.com is lining up a potential $1 billion IPO for Global Medical Response after appointing banks.
LP-GP Dynamics
CalPERS pehub.com is demanding improved transparency from its GPs, with CEO Marcie Frost stating better portfolio company data visibility is crucial for risk management. A NEXUS 2026 panel pehub.com highlighted how lack of exits and compressed returns are complicating LP-GP alignment. Ardian pe-insights.com partnered with Legal & General to open private equity to 5.6 million UK defined contribution savers.
Market Insights & Trends
AI disruption dominated discussions at NEXUS 2026 pehub.com, where Clearlake’s José E. Feliciano outlined frameworks for picking winners and losers. Thoma Bravo’s Holden Spaht pehub.com and New York’s Anastasia Titarchuk also weighed in on how GPs and LPs are viewing the shift. Ardian’s Wilfred Small secondariesinvestor.com noted the secondaries market has evolved into one focused on "cherry picking" high-quality portfolios.
The exit environment is poised for improvement. Blackstone’s Verdun Perry pehub.com forecast 30%-40% growth in exit activity for 2026, which should boost secondaries volume. Azalea Investment Management secondariesinvestor.com expects more GPs to use continuation vehicles to crystallize LP liquidity. Meanwhile, private equity’s share of London office acquisitions has more than tripled, driven by a $1.68 billion retrofit push pe-insights.com.
Sector-Specific Moves
Healthcare saw multiple transactions. Sovereign Capital pehub.com acquired Apollo Home Healthcare. Frazier Healthcare-backed Rev Spring pehub.com bought healthcare tech firm Trust Commerce from Waud Capital Partners. Kinderhook pehub.com agreed to take home health and hospice provider Enhabit private for $1.1 billion.
Industrial and business services deals were frequent. Wynnchurch pehub.com will acquire Arcosa’s barge business for $450 million. Vistria pehub.com bought insurance holding company Lumen Holdings. Aquiline-backed Relation pehub.com acquired Thorn Creek Insurance Services. Ambienta’s No Dig Alliance pehub.com bought Suomen Putkisto Palvelu, a manhole rehabilitation specialist.
Technology and infrastructure attracted capital. Brookfield-backed Radiant pehub.com merged with AI infrastructure platform Ori Industries. EQT-backed Scale Microgrids pehub.com acquired Reload. Haveli pehub.com invested in software firm Sirion to accelerate product innovation. Parex pehub.com submitted a rival $500 million bid for Catalyst-backed Frontera’s Colombian upstream business.
Capital Deployment
Qatar Investment Authority pe-insights.com committed several hundred million dollars to 5C to expand private credit. PIF unit Jada pe-insights.com plans to ramp up private credit with Stride targeting a $200 million Saudi deployment. BTG funds pe-insights.com will invest $1.05 billion in Brazilian energy firm Raízen as Shell and Cosan advance a recapitalization plan.
Family offices are increasingly active. Gencom pe-insights.com accelerated its New York hotel buying spree with family office backing, with more than half of large hospitality transactions now driven by such capital.