Private Equity 3d Briefing
×Private Equity Deals & Moves
The S&P 500 secondariesinvestor.com dropped 1.2% in its worst week since June, reflecting broader market volatility. Entrata secondariesinvestor.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued private equity activity. Ardian secondariesinvestor.com secured the Secondaries Buyer of the Year title in EMEA, while Goldman Sachs Asset Management secondariesinvestor.com dominated in the Americas. Sverica pehub.com promoted Michael Dougherty to partner and Doug Patrican to principal, alongside hiring Matt Johnson as a new principal. KKR Capital Corporation pe-insights.com, a KKR-managed private credit vehicle, reported rising troubled loans and lower fourth-quarter performance. BlackRock’s GIP pe-insights.com and EQT are in advanced discussions to acquire US power producer AES for $12.4 billion. Advent International pe-insights.com is among bidders for Senior plc, which disclosed five takeover offers totaling $1.78 billion. Zenex Animal Health pehub.com, backed by private equity, acquired Netherlands-based Vieve Pharm, recognized for phytogenic formulations.
Market Dynamics
The NEXUS conference highlighted risks like the "Goldman handful" and a "zombie apocalypse" scenario in private equity. Woven Solutions pehub.com, backed by Falfurrias, acquired government consultancy Valence. Searchlight Capital Partners pehub.com and Abry Partners will take IoT company Kore private for $726 million. DPI pehub.com named Sofiane Lahmar as its new CEO, with Lionel de Posson taking sole control of the mid-cap team. Private equity is targeting growth in hospice care platforms, with Kinderhook, Renovus, and Revelstoke pursuing investments. Advent International pe-insights.com finalized its acquisition of Southeast Europe’s fast-growing tbi bank after regulatory clearance. Saudi AI firm Quantum Switch Tamasuk is exploring strategic options, including a potential sale, amid a Saudi AI boom attracting buyout interest. Wise Equity pehub.com will invest in vending machine manufacturer FAS International, which closed 2025 with over €58 million in revenue and a 20% EBITDA margin. Blackstone’s FSK fund pe-insights.com adapts to the shifting private credit landscape, while Blackstone’s private credit fund pe-insights.com priced a $400 million 2029 bond amid software volatility. FSK’s recent filings underscore private equity’s challenges, including unraveling buyout deals.
Economic Context
Calpers remains confident in its $1.8 trillion private credit exposure despite AI-driven software risks. Volkswagen’s Everllence diesel engine unit attracted bids from Blackstone, CVC, and Brookfield, valued at around €8 billion. KKR’s $13 billion FSK fund pe-insights.com navigates the evolving private credit environment, reflecting broader sector adjustments.