Private Equity 3d Briefing
×Major Deals & Exits
Lone Star pehub.com completed its $4.7 billion sale of SPX Flow to ITT, marking a successful exit from the April 2022 take-private. Boyne Capital pehub.com sold McKee Utility Contractors to Mastec Inc, following its December 2022 recapitalization partnership with management. BCP pehub.com exited United Utility Services to Sandbrook, while Ardian pehub.com agreed to sell its stake in Nova Reperta to Tilleghem.
New Investments & Takeovers
Bain Capital pe-insights.com acquired a majority stake in Swedish distributor Tingstad through its European Private Equity platform. Warburg Pincus pe-insights.com is preparing to invest up to $1 billion in Global Eggs, targeting an $8 billion egg empire. Trilogy Capital-backed pehub.com SSRG acquired Elite Residential Concierge, expanding its security and risk management footprint.
Fundraising & Capital Deployment
HgT pe-insights.com deployed approximately $62 million into co-investments in One Stream and Septeo. CCMP pehub.com is in early-stage sale processes for facilities manager BGIS, with potential valuations reaching $2.2 billion at 12x EBITDA. Coller Capital pe-insights.com partnered with Mediobanca to expand evergreen secondaries access in Italy.
Industry Events & Insights
At NEXUS 2026, Clearlake's José E. Feliciano pehub.com discussed AI disruption, while Hellman & Friedman's Patrick Healy pehub.com emphasized long hold periods and noted that "reality is rarely defeated." Alvarez & Marsal pehub.com highlighted how tariff uncertainty complicates valuations across the sector.
Secondaries Market Recognition
Goldman Sachs Asset Management secondariesinvestor.com was named Secondaries Firm of the Year in the Americas. Ardian secondariesinvestor.com took the EMEA title, while Secondaries Awards 2025 secondariesinvestor.com recognized top deals and firms across Asia-Pacific.
Operational Expansions
Meritus Gas Partners pehub.com, an AEA Investors portfolio company, expanded through its subsidiary's acquisition of Greens Welding Supply. Gemspring pehub.com increased its investment in construction tech firm Sitemetric to support product innovation and geographic expansion.
Geographic Growth
Aurelius pehub.com opened three new offices in Amsterdam, Milan, and Zurich to target substantial potential in local SME sectors. CVC and Hartenberg-backed pehub.com Future Life expanded its UK presence by acquiring Herts & Essex Fertility Centre, bringing its total to three centers.
Strategic Partnerships
Apollo Global Management pe-insights.com is close to finalizing a partnership with BNP Paribas to originate private credit loans for European corporate and private equity borrowers. Danske Bank pe-insights.com expanded its alternatives mandate with Danish Industry to $245 million.
Mining & Infrastructure
Orion, CGF, and Exiro pehub.com formed Exiro Nickel Company to make a $200 million investment in Manitoba's Thompson Mine Complex alongside Vale. This consortium approach highlights growing institutional interest in critical minerals infrastructure.
Leadership Changes
Littlejohn pehub.com appointed Shant Mardirossian as managing director and COO, where he will work closely with managing partners across finance, legal, compliance, operations, and investor relations teams.
Market Outlook
Industry leaders at NEXUS 2026 discussed various challenges facing private equity in 2026, including AI disruption, long hold periods, and the prevalence of "alpha imposters" as noted by Arctos' Ian Charles.