Private Equity 3d Briefing
×Executive Moves & Leadership Changes
Sverica Capital Management pehub.com promoted Michael Dougherty to partner and Doug Patrican to principal, while also bringing Matt Johnson on board as a principal. Meanwhile, DPI pehub.com appointed Sofiane Lahmar as its new CEO, who has been a senior partner at the firm since joining in 2010. In another leadership shift, Astorg pehub.com confirmed that mid-cap co-head Edouard Pillot will leave the firm, with Lionel de Posson taking sole control of the team.
Fundraising & Credit Markets
FS KKR Capital Corporation pe-insights.com, a publicly traded private credit vehicle managed by KKR, reported increased troubled loans and lower fourth-quarter performance. The firm's $13 billion FSK fund is adapting to the shifting private credit landscape as market conditions evolve. Blackstone pe-insights.com priced a $400 million 2029 bond through its private credit fund amid growing volatility in software investments. Despite rising concerns, CalPERS pe-insights.com remains confident in its $1.8 trillion private credit exposure, unfazed by AI-driven software risks.
Major Takeovers & Bids
BlackRock's Global Infrastructure Partners pe-insights.com and EQT are in advanced discussions to acquire US power producer AES in a potential $12.4 billion deal. Senior plc pe-insights.com has drawn $1.78 billion in takeover interest, with Advent International among five potential bidders. Volkswagen pe-insights.com received preliminary bids valuing its diesel engine unit Everllence at around €8 billion, with Blackstone, CVC, and Brookfield participating. Searchlight Capital Partners pehub.com and Abry Partners agreed to take IoT company Kore private for $726 million at $9.25 per share.
Platform Expansions & Add-Ons
Falfurrias-backed Woven Solutions pehub.com acquired government consultancy Valence, expanding its software offerings for the national security community. Zenex Animal Health pehub.com, backed by Multiples Private Equity, picked up Netherlands-based Vieve Pharm, recognized for its expertise in phytogenic formulations for livestock, equine, and pet care markets. Wise Equity pehub.com will invest in vending machine manufacturer FAS International, which closed 2025 with revenues exceeding €58 million and an EBITDA margin above 20 percent.
Regional & Sector Focus
Advent International pe-insights.com finalized its acquisition of Southeast Europe's fast-growing tbi bank after receiving regulatory clearance from the European Commission. The Saudi AI boom pe-insights.com is drawing buyout interest as Quantum Switch Tamasuk explores strategic options including a potential sale. Private equity pehub.com is eyeing growth in hospice care platforms, with Kinderhook, Renovus, and Revelstoke among firms pursuing investments in the sector.
Industry Trends & Strategy
Private equity pehub.com is expanding its playbook into accounting and consulting firms, seeing consolidation opportunities among tens of thousands of CPA firms across the country. The sector's challenges were highlighted by the unraveling of buyout deals at FS KKR Capital Corporation pe-insights.com, offering a cautionary look at the current market environment.