Private Equity 3d Briefing
×Major Deals & Acquisitions
Monomoy pehub.com is acquiring Jiffy Lube from Shell in a $1.3 billion deal, expanding its automotive service footprint beyond oil changes to include brake, battery, and tire maintenance. Global Infrastructure Partners pe-insights.com and EQT have agreed to acquire AES Corp. in an all-cash transaction valuing the equity at $10.7bn and the enterprise at approximately $15.6bn. Advent International pe-insights.com is exploring a potential sale of Ultra Maritime that could value the naval defense business at around $4 billion.
Altamont Capital Partners pehub.com has invested in Key Container, a provider of specialty and custom corrugated packaging products and services. Lone Star pehub.com has agreed to buy Lonza's Capsules and Health Ingredients division, which comprises three segments: hard empty capsules, dosage form solutions, and health ingredients. Ambienta pehub.com has acquired Pieco, a provider of high-performance water treatment and recycling solutions globally.
HIG-backed Coriant pehub.com has made its fourth acquisition with CVS following the recent launch of Coriant to merge Rainham, Zenith, and Tei. FFL Partners pehub.com has formed Pioneer HOA, a newly formed holding company for the firm's existing and future investments in homeowners association property management firms.
Market Trends & Performance
StepStone Group secondariesinvestor.com partner Matthew Roche noted that "DPI is IRR today – not the new IRR – it is IRR today," highlighting the challenges of the past four years for private equity. Level 20 pehub.com CEO Gurpreet Manku told PE Hub about improvements the industry body has noted regarding diversity in private equity, while identifying remaining challenges.
Secondaries Investor secondariesinvestor.com reports that LPs are taking an increasingly proactive approach to the secondaries market, while continuation vehicles will represent 10-20% of PE exits, according to managing partner Yann Robard at NEXUS 2026. Overbay secondariesinvestor.com managing director Sebastien Siou, a former Secondaries Investor Next Gen Leader, joined the LP portfolio-focused firm in 2024.
Fundraising & Investment Vehicles
Isembard sifted.eu has raised $50 million to bolster Europe's industrial base. Nucleus and First Momentum sifted.eu have backed Telura,