Private Equity 3 Days

Last updated: May 28, 2026, 2:35 PM ET

Major Transactions

Private equity activity intensified across sectors this week as investors deployed capital across healthcare, infrastructure, and technology assets. DigitalBridge agreed to acquire power and infrastructure investor Arc Light Capital for $1.05 billion, with the deal including a $650 million base price plus up to $400 million in contingent consideration. The transaction comes as the data center sector attracts heightened interest amid AI infrastructure demand. Meanwhile, Bain Capital is selling Estia Health to Stonepeak, marking a relatively quick exit after acquiring the Australian aged care operator in December 2023. In the healthcare space, Blackstone Life Sciences committed up to $1.3 billion in royalty and debt financing to Apogee Therapeutics, while New Mountain-backed Swoop acquired prescription management platform Nimble to expand its healthcare engagement capabilities. Fortress entered the IP licensing arena by acquiring IPValue, which has handled licensing for over 20,000 technology patents.

Capital Raising & Fund Performance

Fundraising momentum continued with several firms reaching significant milestones. Actis, the sustainable infrastructure arm of General Atlantic, secured $2.5 billion at first close of its $6 billion flagship energy fund. PGIM committed $4 billion to US residential land-banking transactions through a partnership with Domain Real Estate Partners, representing a substantial allocation to asset-based lending strategies. Eurazeo raised more than €1 billion at first close of its fifth mid-market buyout vehicle, PME V, matching the predecessor fund's final size in a single tranche. On the exit front, CVC Capital Partners sold its entire 13.8% stake in Spanish energy group Naturgy in a €4 billion placement, ending an eight-year holding period. Permira agreed to an A$3.4 billion exit from I-MED Radiology, while Bowmark and Bridgepoint sold Helio Intelligence to ECI in a deal valuing the political intelligence provider's market position.

Strategic Partnerships & Geographic Expansion

European expansion remained a priority for major buyout firms. KKR opened a new Milan office, marking a significant step in its localization strategy across Europe, while also planning a public-private credit fund extension into Asia with Capital Group. EQT partnered with Google Cloud to accelerate AI deployment across more than 300 portfolio companies, giving them streamlined access to Google's agentic AI platform. The firm also won a mandate to manage the EU's €5 billion Scaleup Europe deep-tech fund and will become majority owner of a merged US electric-vehicle charging business combining its portfolio company Voltera with Revel Transit. Inflexion backed the launch of Mittelstands-Assekuranz-Partner, a German multi-specialist insurance broker that includes Cremer Assekuranz as its first strategic partner.

Healthcare & Specialty Services

Healthcare investments dominated deal flow as firms targeted specialized platforms. Apollo acquired a minority stake in residential HVAC firm Apex Service Partners, with existing investor Alpine Investors also making an additional investment to support growth. ACP acquired medical tech firm Heritage Imaging, retaining CEO Dr. Steve Coppess to lead the company alongside current management. Frazier acquired behavioral health pharmacy firm Altruix from Wind Rose, serving patients with severe mental illness, substance use disorders, and intellectual disabilities. Bregal Sagemount backed health tech firm LSPedia to support product innovation and global expansion. The surge in healthcare activity coincides with Carlyle's Ian Fujiyama noting that governments are increasingly focused on cyber, AI-enabled capabilities, and next-generation defense technologies driving growth in ADG services.

Technology & AI Infrastructure

AI-focused investments continued accelerating across multiple fronts. I Squared Capital committed up to $1 billion to launch a US data centre platform targeting colocation and artificial intelligence inference workloads. ClickHouse tripled annualized revenue to $250 million while charting a path toward IPO, and Stord raised $250 million at a $3 billion valuation as an Amazon fulfillment competitor. Triomics secured $22 million from Battery Ventures to bring oncology-specific AI to cancer centers. The activity reflects broader trends noted by Mistral's partnerships with BMW and Airbus in an 'industrial AI' push, while Paris emerges as potentially the most important AI city outside Silicon Valley as Europe's startup ecosystem matures.

Personnel Moves & Leadership Changes

Senior appointments signaled strategic shifts across major platforms. Ardian promoted Mark Benedetti to co-CEO, elevating a 20-year veteran who has chaired the executive committee since September 2023. Carlyle