Private Equity 3d Briefing
×Major Fundings & Exits
Lone Star pehub.com completed its $4.7 billion sale of SPX Flow to ITT, marking the private equity firm's exit from the industrial technology company it acquired in 2022. Boyne Capital pehub.com sold McKee Utility Contractors to Mastec Inc, following its 2022 recapitalization of the infrastructure services provider. BCP pehub.com divested United Utility Services to Sandbrook, transferring the utility support services business.
New Investments
Bain Capital pe-insights.com acquired a majority stake in Swedish distributor Tingstad, expanding its European portfolio in non-food consumables. 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. Orion pehub.com, CGF, and Exiro formed a $200 million consortium to invest in Manitoba's Thompson Mine Complex alongside Vale, creating a new entity called Exiro Nickel Company.
Industry Developments
HG Capital Trust pe-insights.com deployed approximately $62 million into co-investments in One Stream and Septeo, demonstrating continued appetite for software assets. CCMP pehub.com has initiated an early-stage sale process for facilities manager BGIS, with potential valuations reaching 12 times EBITDA or about $2.2 billion. Aurelius pehub.com opened three new offices in Amsterdam, Milan, and Zurich to expand its presence in European SME markets.
Fund Performance & Strategy
Littlejohn pehub.com appointed Shant Mardirossian as managing director and COO, creating a new leadership role to work across finance, legal, operations, and investor relations. Coller Capital pe-insights.com formed a distribution partnership with Mediobanca Private Banking to expand evergreen secondaries access in Italy. The Secondaries Awards 2025 recognized Ardian secondariesinvestor.com as EMEA Firm of the Year, Goldman Sachs Asset Management secondariesinvestor.com in the Americas, and highlighted top performers across Asia-Pacific regions.
Market Outlook
Alvarez & Marsal pehub.com noted that tariff uncertainty is complicating valuations across the private equity landscape. Industry leaders at NEXUS 2026 discussed AI disruption, long hold periods, and the challenge of distinguishing genuine alpha from imitators. The funding boom's aftermath continues to impact software companies, with over $50 billion invested in firms that haven't raised capital in four or more years, creating what some call the "Saa Spocalypse."
Sector-Specific Moves
CVC pehub.com and Hartenberg-backed Future Life acquired Herts & Essex Fertility Centre, expanding its UK fertility clinic network to three locations. 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 tech firm Sitemetric, providing additional capital for product innovation and geographic expansion.