Private Equity 3 Days

Last updated: June 16, 2026, 11:31 AM ET

Deal Activity in Technology & Services

Acquired enterprise AI platform Scope AR as part of a broader push into aerospace and defense content tools, while bought advisory firm Cumming Group to deepen its reach across more than 4,000 clients, including 41 Fortune 100 companies. The twin moves underline private‑equity firms’ appetite for high‑margin, knowledge‑intensive businesses that can cross‑sell services across regulated sectors. In Europe, prepped Oncourse for sale after carving out the residential warranty and repair claims provider from American Water’s Homeowner Services Group, signalling that niche consumer‑service assets remain attractive exit targets despite broader market volatility.

Infrastructure and Data‑Center Plays

Acquired Elektrik to capture electric‑components procurement for data‑center build‑outs, reflecting a growing trend of PE backing the supply chain that underpins cloud expansion. Parallelly, secured £5bn bank financing proposals for a potential take‑private of Intertek, the UK testing group, highlighting lenders’ willingness to fund large‑scale take‑privates that provide stable cash flow and global service platforms. Both transactions illustrate how infrastructure‑linked tech continues to draw deep‑pocket capital amid rising demand for digital capacity.

Consumer Brands and Food‑Service Transactions

Snapped up Pizza Hut for $1.5bn (excluding and later confirmed a $2.7bn bulk purchase from Yum! Brands, marking one of the biggest recent deals in the restaurant space and giving Long Range Capital a high‑profile platform for turnaround initiatives. Meanwhile, acquired Cedar Crest Ice Cream through Hoffmann Family of Companies, adding a legacy dairy brand to a portfolio already featuring Oberweis Dairy, a move that leverages synergies in distribution and brand management within the frozen‑dessert niche.

Fintech, Health‑Tech and Gov Tech Expansions

Secured $140 m from Sixth Street for fintech Chronograph, reinforcing the firm’s growth trajectory in payment‑processing tools. In the public‑sector arena, bought govtech firm Stonewall to broaden xFact’s digital‑transformation services for municipalities, while invested in Fellow Health Partners to support a platform serving over 500 clinicians across 50 health systems, underscoring PE’s focus on scalable, technology‑enabled health services.

Strategic Capital Moves and Secondary Market Activity

Raised $2.25bn loan to refinance debt at Ancestry, the Blackstone‑owned genealogy business, reflecting a broader trend of leveraging low‑cost financing to optimise balance sheets. Closed $780 m continuation fund for Centauri Health Solutions, allowing Abry Partners to retain a top‑performing healthcare asset amid a tightening IPO market. In the secondary space, appointed new alts head at CalPERS to oversee a $250bn portfolio, signalling a more sophisticated, multi‑strategy approach to private‑equity secondaries and credit.

Exit Activity and Fundraising Highlights

Exited Brazos Delaware II for $1.6bn delivering an 8 × EBITDA multiple, a benchmark that may shape fund‑level expectations for future buyout exits. Closed $35bn private‑credit deal to fund Anthropic’s AI‑chip venture, demonstrating how large‑scale credit vehicles are being deployed to finance high‑growth, capital‑intensive technology plays. Finally, announced Jardine’s $500 m buyback and asset sales as the Hong Kong conglomerate repositions itself as a de‑facto private‑equity platform, highlighting a wave of corporate transformations aimed at unlocking value through active investment strategies.