Private Equity 3d Briefing
×Market Moves
CVC pehub.com and Hartenberg-backed Future Life are acquiring Herts & Essex Fertility Centre, expanding into the UK’s specialist fertility market. The deal consolidates three specialist centres under one PE-backed platform.
Aurelius pehub.com has opened offices in Amsterdam, Milan, and Zurich, signaling its push into European SME-focused private equity. These locations align with its strategy to target growth sectors in Central and Eastern Europe.
Bain Capital pehub.com is acquiring Tingstad, a Swedish distributor of non-food consumables, despite tariff uncertainty complicating valuations. The firm serves diverse sectors like Ho Re Ca and retail, broadening Bain’s logistics and distribution portfolio.
Fundraising & Market Trends
BlackRock’s GIP pe-insights.com and EQT are in advanced talks to acquire AES, a $12.4bn US power producer, reflecting growing PE interest in infrastructure assets.
FS KKR Capital pe-insights.com, KKR’s private credit arm, reported strong fundraising amid a $1.8tn private credit market, though concerns about AI-driven software risks persist.
Calpers remains confident in private credit despite rising risks, underscoring institutional resilience.
Personnel Shifts
Sverica promoted Michael Dougherty to partner and Doug Patrican to principal, while hiring Matt Johnson as principal, reflecting its growth in Nordic-focused private equity.
DPI pehub.com named Sofiane Lahmar CEO, leveraging his 14-year tenure as a senior partner since joining in 2010.
Astorg’s mid-cap co-head Edouard Pillot is departing, with Lionel de Posson assuming sole control of the team.
Regional Expansion
Blackstone pe-insights.com, CVC, and Brookfield are bidding for VW’s $9.44bn Everllence carve-out, targeting the diesel engine unit’s €8bn valuation.
Aurelius’s new offices in Amsterdam, Milan, and Zurich highlight its focus on European SME opportunities, particularly in logistics and healthcare.
Advent International pe-insights.com finalized its acquisition of tbi bank, a fast-growing Southeast European lender, after securing regulatory approval.
Industry Recognition
The Secondaries Awards 2025 secondariesinvestor.com named Goldman Sachs Asset Management Secondaries Firm of the Year in the Americas, while Ardian secondariesinvestor.com claimed the EMEA title. Asia-Pacific winners were announced separately.
Francisco Partners
completed a $2.2bn take-private of Jamf, showcasing continued PE activity in tech-enabled services.
Searchlight and Abry pehub.com acquired IoT firm Kore for $726m, using $9.25/share to take the company private.
Woven Solutions pehub.com, backed by Falfurrias, acquired Valence, a government consultancy, expanding its national security software niche.
Zenex Animal Health pehub.com, PE-backed, acquired Vieve Pharm, a Dutch firm specializing in phytogenic animal care solutions.
Macro & Policy
Japan may intervene to buy yen amid speculation, while Ecuador plans a $4bn bond sale, impacting emerging market liquidity.
is working with Goldman Sachs on an IPO, though details remain under wraps.
The S&P 500 fell 1.2% after a volatile week, signaling broader market caution.
Blackstone
and rivals are eyeing hospice care platforms, with Kinderhook, Renovus, and Revelstoke active in the space.
SpaceX (not in provided — excluded per instructions.
Closing
Private equity remains active across healthcare, infrastructure, and tech, with tariff-driven volatility and AI risks shaping deal dynamics. Regional expansion in Europe and Southeast Asia underscores global diversification trends.