Private Equity 3d Briefing
×Major Private Equity Deals
BlackRock's GIP pe-insights.com and EQT are in advanced discussions to acquire US power producer AES in a potential $12.4 billion deal. Meanwhile, Volkswagen AG pe-insights.com has received preliminary bids valuing its diesel engine unit Everllence at around €8 billion from major private equity firms including Blackstone, CVC and Brookfield. In another significant transaction, Searchlight and Abry pehub.com have agreed to take IoT company Kore private for $726 million at $9.25 per share.
Fundraising & Credit Market Activity
KKR pe-insights.com is adapting its $13 billion FSK fund to the shifting private credit landscape as the market faces challenges. Separately, Blackstone pe-insights.com has priced a $400 million 2029 bond through its publicly traded private credit vehicle amid software market volatility. Arcmont Asset Management has completed the final close of Capital Solutions Fund II pe-insights.com and associated vehicles, securing $1.62 billion for a complex European private credit strategy.
Firm Appointments & Leadership Changes
Sverica pehub.com has promoted Michael Dougherty to partner and Doug Patrican to principal, while also having recently hired Matt Johnson as a principal. DPI pehub.com has named Sofiane Lahmar as its new CEO, who has been a senior partner at the firm since joining in 2010. In contrast, Astorg pehub.com is facing leadership changes as mid-cap co-head Edouard Pillot is set to leave the firm, with Lionel de Posson taking sole control of the team.
Secondary Market & Exit Activity
Advent International pe-insights.com has finalized its acquisition of tbi bank after receiving regulatory clearance from European authorities. Meanwhile, EQT pehub.com has sold its remaining shares in Azelis for €190 million, after previously holding a stake in the specialty chemicals and food ingredients service provider. In the secondary market, CPP Investments secondariesinvestor.com is considering secondaries sales to "trim older exposure" as the pension giant aims to deploy about C$20 billion into private equity this year.
Industry Trends & Sector Focus
The private equity industry is showing growing interest in hospice care platforms pehub.com, with firms like Kinderhook, Renovus and Revelstoke pursuing investments in this sector. The Saudi AI boom pe-insights.com is drawing buyout interest as Quantum Switch Tamasuk evaluates strategic options, including a potential sale. Meanwhile, Clearlake's José E. Feliciano pehub.com commented that "doing a buyout of a software business right now is probably a four-letter word" due to current market conditions.
New Investments & Platform Building
Advent International pe-insights.com is among potential bidders for Senior plc, which has disclosed receiving five takeover approaches valued at $1.78 billion. Wise Equity pehub.com is investing in vending machine manufacturer FAS International, which closed 2025 with revenues exceeding €58 million. In the professional services space, Renovus-backed SolomonEdwards pehub.com has acquired consulting and recruiting firm CFO's Domain to expand its platform.