Private Equity 3d Briefing
×Major Takeover Battles
Blackstone pe-insights.com, CVC and Brookfield are vying for Volkswagen's $9.44 billion Everllence carve-out. The diesel engine unit has drawn preliminary bids valuing it around €8 billion. Global Infrastructure Partners pe-insights.com and EQT are in advanced discussions to acquire US power producer AES in a $10.7 billion deal. The co-investors include California Public Employees' Retirement System and Qatar Investment Authority.
Strategic Expansions
Aurelius pehub.com has opened three new offices in Amsterdam, Milan and Zurich to tap substantial potential in the local SME sector. Coller Capital pe-insights.com has formed a distribution partnership with Mediobanca Private Banking to offer its flagship evergreen secondaries products to Italian investors. HgT pe-insights.com has committed approximately £46m, equivalent to around $62m, to new co-investments in One Stream and Septeo.
Portfolio Moves
Boyne Capital pehub.com has sold McKee Utility Contractors to Mastec Inc after partnering with management to recapitalize McKee in December 2022. Falfurrias-backed pehub.com Woven Solutions has acquired government consultancy Valence, a Reston, Virginia-based provider of software for the national security community. CVC pehub.com and Hartenberg-backed Future Life is acquiring Herts & Essex Fertility Centre, expanding its UK presence to three centres.
Fundraising & Awards
Fund Friday pe-insights.com highlights top fundraising news in private equity, with FS KKR Capital Corporation reporting increased activity. The Secondaries Awards 2025 recognized Goldman Sachs Asset Management secondariesinvestor.com as Secondaries Firm of the Year in the Americas, Ardian secondariesinvestor.com in EMEA, and top Asia-Pacific winners. Sverica pehub.com has promoted Michael Dougherty to partner and Doug Patrican to principal, while hiring Matt Johnson as a principal.
Market Insights
Alvarez & Marsal pehub.com notes that tariff uncertainty is complicating valuations across the sector. Calpers pe-insights.com remains confident in its private credit exposure despite rising AI-driven software risks in the $1.8 trillion market. Bain Capital pehub.com has announced an investment in Tingstad, a Swedish family-owned specialist distributor of non-food consumables serving Ho Re Ca, culture, facilities management, grocery, and retail sectors.
Industry Events
At NEXUS 2026, Hellman & Friedman's pehub.com Patrick Healy told PEI Group's Philip Borel that "reality is rarely defeated" and emphasized the firm's focus on returning capital through multiple tools. The conference also featured discussions about market dynamics and the "Goldman handful" phenomenon. Advent International pe-insights.com is among potential bidders for Senior plc, which disclosed it has received five takeover approaches valuing the company at $1.78 billion.