Private Equity 3d Briefing
×Major Fund Deployments & Exits
Ares Management pe-insights.com closed an $850 million continuation fund for Convergint Technologies amid a record $240 billion secondaries wave. Lone Star pehub.com completed its sale of SPX Flow to ITT for over $4.7 billion, marking the exit of a company it acquired in a take-private transaction in April 2022. Boyne Capital pehub.com sold McKee Utility Contractors to Mastec Inc, following a recapitalization partnership with management in December 2022.
New Investments & Acquisitions
Kyip Capital pehub.com invested in Chiron Group to develop an outpatient diagnostics platform, focusing on diagnostic, surgery, and rehabilitation services. Waterland Private Equity pehub.com acquired a majority stake in Cooper Turner Beck Group, a provider of safety-critical fastener services. Bain Capital pe-insights.com agreed to acquire 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. Ares Management also deployed $850 million in a continuation strategy for Convergint Technologies.
Portfolio Company Activity
Trilogy Capital-backed SSRG pehub.com acquired Elite Residential Concierge, a Calgary-based security and risk management business. Meritus Gas Partners pehub.com, a portfolio company of AEA Investors, acquired Greens Welding Supply through one of its subsidiaries. TDR Capital-backed David Lloyd Leisure pehub.com purchased Aspria, a high-end operator of 10 upscale member clubs across Germany, Belgium, Italy, and Spain. CVC and Hartenberg-backed FutureLife pehub.com agreed to buy Herts & Essex Fertility Centre, expanding its UK presence to three centers.
Strategic Moves & Expansion
Aurelius pehub.com opened three new offices in Amsterdam, Milan, and Zurich to target substantial potential within the local SME sector. BCP pehub.com sold United Utility Services to Sandbrook, a company supporting utilities, cooperatives, and municipalities through the full asset lifecycle. Ardian pehub.com agreed to sell its stake in Nova Reperta, a management consulting company, to Tilleghem.
Industry Insights & Leadership Changes
Coller Capital pe-insights.com formed a distribution partnership with Mediobanca Private Banking to expand evergreen secondaries access in Italy. 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. Oakley Capital pehub.com promoted four managing directors to partner: Alessandro Celli, Konstantin Synetos, Lovis von Andrian, and Mike Mutsaers.
Secondaries Market Recognition
The secondaries industry celebrated its top performers across regions, with Ardian secondariesinvestor.com named Secondaries Firm of the Year in EMEA, Goldman Sachs Asset Management secondariesinvestor.com winning in the Americas, and various firms recognized in the Asia-Pacific region secondariesinvestor.com.
Emerging Trends & Market Commentary
Private equity firms are adapting their tech playbook as AI disrupts the traditional buy-and-build model, according to Lincoln's Chris Brooks . Tariff uncertainty is complicating valuations, as noted by Alvarez & Marsal pehub.com. Over $50 billion went to boom-era software companies that haven't raised funding in four or more years, highlighting the impact of the post-2022 venture investment slowdown news.crunchbase.com.