Private Equity 3d Briefing
×Major Transactions
Lone Star pehub.com completed the $4.7 billion sale of SPX Flow to ITT, marking the private equity firm's exit from the industrial technology company it acquired in April 2022. Bain Capital pe-insights.com agreed to acquire a majority stake in Swedish distributor Tingstad through its European Private Equity platform, expanding its portfolio in the non-food consumables sector. BCP pehub.com sold United Utility Services to Sandbrook, transferring a provider of utility infrastructure support services to the infrastructure investor.
Warburg Pincus pe-insights.com is preparing to invest up to $1 billion in Global Eggs, targeting an $8 billion valuation for the egg production empire. Boyne Capital pehub.com sold McKee Utility Contractors to Mastec Inc, following the private equity firm's recapitalization of the utility contractor in December 2022.
Fundraising & Strategic Moves
Ardian pehub.com agreed to sell its stake in Nova Reperta, a management consulting company, to Tilleghem. CCMP pehub.com has entered an early-stage sale process for facilities manager BGIS, with the Canadian municipal service provider potentially selling for at least 12x EBITDA, valuing the deal at approximately $2.2 billion.
HgT pe-insights.com deployed approximately $62 million into co-investments in One Stream and Septeo, committing around £46 million to these software companies. Aurelius pehub.com opened three new offices in Amsterdam, Milan, and Zurich to expand its presence in European SME markets.
Industry Insights & Awards
At NEXUS 2026, Clearlake's José E. Feliciano pehub.com discussed AI disruption in private equity while Hellman & Friedman's Patrick Healy pehub.com emphasized the importance of returning capital through various tools. Alvarez & Marsal pehub.com noted that tariff uncertainty is complicating valuations across the industry.
The Secondaries Awards 2025 recognized top performers across regions: Goldman Sachs Asset Management secondariesinvestor.com won Secondaries Firm of the Year in the Americas, Ardian secondariesinvestor.com took the title in EMEA, and regional winners were announced for the Asia-Pacific market secondariesinvestor.com.
Market Dynamics
Over $50 billion news.crunchbase.com went to software companies from the venture capital boom that haven't raised funding in four or more years, highlighting the extended funding gaps affecting late-stage tech investments. Coller Capital pe-insights.com formed a distribution partnership with Mediobanca Private Banking to expand evergreen secondaries access in Italy.
Trilogy Capital-backed pehub.com SSRG acquired Elite Residential Concierge, adding to its security and risk management portfolio. Gemspring pehub.com expanded its investment in construction technology firm Sitemetric to support product innovation and geographic expansion.
Orion, CGF and Exiro pehub.com partnered in a $200 million investment in Manitoba's Thompson Mine Complex, forming Exiro Nickel Company alongside Vale. Meritus Gas pehub.com subsidiary acquired Greens Welding Supply, expanding the AEA Investors portfolio company's industrial gas distribution capabilities.
Danske Bank pe-insights.com scaled its alternatives mandate to $245 million with Danish Industry, expanding its alternative investments offerings. 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.