Private Equity 3 Days

Last updated: May 28, 2026, 8:31 PM ET

Major Transactions & Strategic Exits

A flurry of large-scale exits and acquisitions defined the private equity landscape over the past three days, with Bain Capital agreeing to sell Australian aged-care operator Estia Health to Stonepeak following a December 2023 acquisition, while DigitalBridge announced a $1.05 billion takeover of power and infrastructure investor Arc Light Capital that includes $650 million in base consideration plus up to $400 million in contingent payments. The same week, KKR completed a $2.55 billion divestiture of Circor's aircraft components business to a strategic buyer, and Prospect Capital finalized a $328 million sale of Valley Electric to MYR Group with closing expected in July 2026. These moves come as CVC Capital Partners exited its eight-year Naturgy position through a €4 billion placement of the Spanish energy company's 13.8% stake, according to reporting that cited Goldman Sachs.

Fundraising & Capital Deployment

Fundraising activity remained robust across multiple strategies, with Actis securing $2.5 billion at first close of its $6 billion flagship energy fund, while Eurazeo's Elevate team raised over €1 billion in the first close of its fifth mid-market buyout vehicle, matching the predecessor fund's total size in a single tranche. Blackstone Life Sciences committed up to $1.3 billion to Apogee Therapeutics in a strategic financing collaboration, and PGIM allocated $4 billion to US residential land-banking transactions through a partnership with Domain Real Estate Partners. In the secondary market, Seine Capital closed its debut fund above target by 20%, exceeding initial goals as the firm founded by Fabrice Moyne continues building its secondaries franchise.

Technology & Infrastructure Deals

The technology sector saw significant momentum with ClickHouse tripling annualized revenue to $250 million as the database provider charts a course toward IPO, and Stord raising $250 million at a $3 billion valuation to compete against Amazon's fulfillment network. Hg invested $500 million in Rightsline, a provider of rights and royalties management software, while Main Capital-backed Xait acquired Germany's SAE to expand its CPQ and variant management capabilities. The infrastructure push extended to I Squared Capital launching a US data center platform targeting AI inference workloads with up to $1 billion in backing, and Modella Capital extending its UK high-street platform through the acquisition of Flying Tiger Copenhagen.

Healthcare & Specialty Sector Activity

Healthcare investments dominated the specialty deal flow, with New Mountain-backed Swoop acquiring prescription management platform Nimble to strengthen its healthcare engagement offerings, and ACP completing a purchase of medical technology firm Heritage Imaging where CEO Dr. Steve Coppess will retain leadership. Frazier acquired behavioral health pharmacy firm Altruix from Wind Rose, serving patients with severe mental illness and substance use disorders, while Vista Equity-backed Poppulo bought employee communication platform Sociabble from Ardian-backed investors. In the pharmaceutical services space, CVC Credit reinforced its Curium position through a debt and equity package supporting the nuclear medicine specialist's refinancing.

AI Partnerships & Strategic Alliances

Artificial intelligence partnerships accelerated across portfolio companies, with EQT securing a Google Cloud agreement to deploy agentic AI across more than 300 portfolio companies, and Mistral striking industrial AI deals with BMW and Airbus to expand European cloud capabilities. Triomics raised $22 million in Series B funding led by Battery Ventures to bring oncology-specific AI to cancer centers, while General Catalyst backed YC alum Lucis in a $20 million Series A investment. The broader AI theme surfaced in discussions about predictive AI dangers and AI's potential impact on parenting, reflecting growing scrutiny of the technology's societal implications.

Personnel & Leadership Changes

Executive appointments signaled shifting priorities across major firms, with Carlyle tapping Ian Fujiyama as chairman of its US/Europe-focused midmarket platform amid growing interest in ADG services driven by cyber, AI-enabled capabilities, and defense technologies. Ardian promoted Mark Benedetti to co-CEO after his two-decade tenure and current role chairing the executive committee since September 2023. Operating partner additions included Transom hiring Jeff Haight to oversee value creation initiatives, and Omni Partners appointing Roald Hunvik as its first partner outside the UK based in Oslo. EIV Capital elevated Jason Tracton to partner after joining in September 2022 to lead EIV Resources.

European Expansion & Geographic Moves

European presence expanded through strategic office openings and platform investments, with KKR establishing a Milan office to deepen Italian investment activity as part of broader localization strategy across Europe. Inflexion backed the launch of German insurance broker Mittelstands-Assekuranz-Partner with Cremer Assekuranz joining as first strategic partner, while