Private Equity 3d Briefing
×Major Deals & Take-Privates
Lone Star pehub.com completed the sale of SPX Flow to ITT for over $4.7 billion, marking the end of a 2022 take-private transaction. Bain Capital pe-insights.com acquired a majority stake in Swedish distributor Tingstad, expanding its European private equity portfolio. Apollo Global Management pe-insights.com is finalizing a partnership with BNP Paribas to originate private credit loans for European corporate and private equity borrowers.
Exit Activity
CCMP pehub.com has launched an early-stage sale process for facilities manager BGIS, which could fetch at least 12x EBITDA or approximately $2.2 billion. Boyne Capital pehub.com sold McKee Utility Contractors to Mastec Inc after recapitalizing the company in December 2022. BCP pehub.com sold United Utility Services to Sandbrook, while Trilogy Capital-backed SSRG pehub.com acquired Elite Residential Concierge to expand its security and risk management business.
Fund Deployments & Co-Investments
HgT pe-insights.com committed approximately $62 million to co-investments in One Stream and Septeo. Warburg Pincus pe-insights.com is preparing to invest up to $1 billion in Global Eggs, targeting an $8 billion egg empire. Orion, CGF and Exiro pehub.com formed a new company to partner with Vale on a $200 million investment in Manitoba's Thompson Mine Complex.
Portfolio Company Growth
Gemspring pehub.com expanded its investment in construction tech firm Sitemetric to support product innovation and geographic expansion. Meritus Gas pehub.com subsidiary acquired Greens Welding Supply, backed by AEA Investors. CVC and Hartenberg-backed FutureLife pehub.com purchased Herts & Essex Fertility Centre, expanding to three UK centers.
Fundraising & Strategy
Danske Bank pe-insights.com expanded its alternative investments mandate with Danish Industry to nearly $245 million. Ardian pehub.com agreed to sell its Nova Reperta stake to Tilleghem, a management consulting company. Aurelius pehub.com opened three new offices in Amsterdam, Milan, and Zurich to target SME opportunities in those markets.
Industry Insights & Leadership
At NEXUS 2026, Clearlake's José E. Feliciano pehub.com discussed AI disruption while Hellman & Friedman's Patrick Healy pehub.com addressed long hold periods and the importance of returning capital. Sverica pehub.com promoted Michael Dougherty to partner and Doug Patrican to principal, while Littlejohn pehub.com tapped Shant Mardirossian as managing director and COO to work across finance, legal, and operations teams.
Secondaries Market Recognition
Ardian secondariesinvestor.com was named Secondaries Firm of the Year in EMEA at the Secondaries Awards 2025. Goldman Sachs Asset Management secondariesinvestor.com won the same title in the Americas, while Asia-Pacific winners secondariesinvestor.com were also announced, highlighting the growing importance of the secondaries market across regions.
Tariff Impact & Valuations
Alvarez & Marsal pehub.com noted that tariff uncertainty is complicating valuations across the private equity landscape, adding another layer of complexity to deal-making in the current environment.