Private Equity 3 Days

Last updated: June 16, 2026, 11:30 PM ET

Deal Activity in Software & AI

SpaceX secured a $60 billion purchase of Cursor, giving the launch‑provider a foothold in the fast‑growing AI‑assisted coding market and marking the year’s largest startup M&A transaction. The deal follows a wave of enterprise software bets, exemplified by Rubicon’s minority investment in case‑management platform CaseWorthy, which will help the provider scale its Saa S offering across nonprofit and government clients. Meanwhile, Flatirons backed by Teleo acquired Scope AR, an enterprise‑AI platform that streamlines complex procedural workflows for aerospace and defense customers, underscoring private equity’s appetite for niche AI tools that can be integrated into larger industrial ecosystems.

Manufacturing & Infrastructure Consolidation

DelCam‑backed Space Age Electronics bought SprinkGuard, expanding its portfolio of fire‑ and life‑safety equipment and strengthening its position in the U.S. safety‑systems market. In Europe, CVC took a majority stake in prosthetics maker WillowWood, aiming to accelerate product development across liners, feet and knees as the aging‑population market expands. Parallel to these moves, Lead Edge Capital acquired electric‑components procurement platform Elektrik, a play that aligns with growing private‑equity interest in the supply chain infrastructure that underpins data‑center construction.

Exit Strategies and Recapitalizations

H.I.G. Capital sold CRO Celerion to THL Partners for $1.8 billion, delivering a sizable return on a health‑tech asset that had become a key contract‑research organization. A similar exit unfolded when HIG Capital divested its stake in retail‑commerce agency Bluebird as founders and Bertram Capital completed a recapitalization, allowing the firm to refocus on core portfolio sectors. Across the Atlantic, Morgan Stanley completed the exit of Brazos Delaware II for $1.6 billion, an 8‑times‑EBITDA multiple that highlights the premium investors are willing to pay for stable, cash‑generating private‑credit assets.

Strategic Acquisitions in Consumer & Services

LongRange Capital agreed to buy Pizza Hut for $1.5 billion, excluding the China franchise, marking one of the largest recent transactions in the troubled quick‑service segment and providing the firm with a global brand platform for turnaround initiatives. In the UK, EQT’s potential take‑private of Intertek attracted roughly £5 billion in bank financing proposals, reflecting strong lender confidence in a product‑testing business with diversified industrial clients. Complementing these moves, Blackstone‑owned Ancestry lined up a $2.25 billion loan to refinance debt, a financing structure that could free cash flow for further acquisitions in the genealogy and consumer‑data space.

Sector‑Focused Fundraising and Portfolio Expansion

Francisco Partners completed the acquisition of EfficientIP, adding DNS, DHCP and IP‑address‑management security software to its cyber‑infrastructure portfolio as enterprises tighten network controls. At the same time, Cathay Capital took a majority stake in product‑data SaaS firm Equadis, tapping a customer base that includes Procter & Gamble and Nestlé and reinforcing the trend of private‑equity backing of niche cloud platforms. Finally, L Catterton entered exclusive talks to invest in fitness brand Hyrox, signalling continued confidence in high‑growth, experience‑driven consumer businesses despite broader macro‑economic uncertainty.