Private Equity 3 Days

Last updated: May 18, 2026, 5:30 PM ET

Healthcare & Industrials

Salt Creek acquired medical device packaging firm MML Diagnostics, promoting operations chief Geoffrey Pestes to CEO, while Wynnchurch-backed EMS purchased aluminum distributor American Metals Supply, expanding its footprint in industrial distribution. Separately, Triton is exiting Swedish healthcare provider Aleris through a strategic sale, and Sverica is selling agentic AI firm Win Wire to NTT Data, marking a continued push by private equity into AI-enabled services.

Tech & Deep Tech

EQT won the mandate to manage the EU’s new €5bn Scaleup Europe deep-tech fund, outbidding Atomico, with a focus on quantum computing and AI. Sequoia backed AI agents scaleup Dust in a $40m Series B, and Eclipse celebrated its $2.5bn Cerebras win as validation of its physical-world tech thesis, even as Crunchbase reported a slowdown in quantum computing startup funding despite strong deal counts.

Energy & Infrastructure

Kimmeridge, CPP Investments, and Mubadala anchored the $13bn Commonwealth LNG project as Caturus reached final investment decision, securing $9.75bn in project financing. The year’s largest energy deal saw Next Era Energy agree to acquire Dominion Energy in an all-stock transaction valued at approximately $66.8bn, underscoring private capital’s aggressive reshaping of the U.S. power sector.

Exits & Secondary Trends

L Catterton exited Everlane at a sharp reset, selling the DTC apparel brand to Shein for roughly $100m—a fraction of its prior valuation. In music rights, Pophouse acquired Tina Turner’s catalog to develop IP and streaming revenue, reflecting PE’s growing appetite for uncorrelated entertainment assets. Meanwhile, pay for secondaries distribution specialists lagged the broader alts market, with median compensation hitting $739k versus $800k.

Fundraising & Strategic Moves

Citi and BlackRock’s HPS launched a €15bn EMEA private credit programme focused on direct lending to sponsor-owned borrowers. Bain Capital and General Atlantic are among bidders for Gong Cha as TA Associates targets a $2bn exit, while EQT and IDG Capital advanced to the next round in the auction for Swiss healthcare firm Poly Peptide. Side Letter noted Bain’s mega-fund highlighting APAC’s appeal and Vista opening a Middle East office.