Private Equity 3 Days

Last updated: June 17, 2026, 11:30 PM ET

Private Equity Dealmaking

Consolidation in the healthcare sector remains a primary driver of deal volume, with Altaris acquiring Simulations Plus in a take-private transaction valued at $375M, offering shareholders $18.50 per share. This appetite for medical infrastructure extends to specialized services, as Singlepoint Healthcare acquired Healix to bolster its inflammatory disease care offerings, while Belmont Medical Technologies picked up Arcos Inc to expand its fluid-resuscitation and temperature-management capabilities. Elsewhere, CVC Catalyst secured a majority stake in Willow Wood, a manufacturer of prosthetic limbs, marking a strategic move into the high-growth niche of advanced orthotics.

The infrastructure and services space is seeing a parallel surge in activity, exemplified by KPS Capital investing in Jennmar, a provider of critical infrastructure products, with Falcon Point Partners maintaining a minority stake. Similarly, TPG is set to acquire Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners to scale its environmental services footprint. The industrial and technical sector also reflects this trend, as New Mountain Capital invested in Commonwealth Associates to support the engineering firm’s growth amid rising demand for power infrastructure, while Arcline is taking AstroNova private in a deal valuing the enterprise at approximately $272M.

Technology & AI Infrastructure

In the software and data center sphere, CPP Investments committed up to $715M to scale the Ctrl S data center platform in India, reflecting a broader institutional push into emerging digital hubs. Strategic consolidation continues as Clearlake-backed Quest Software acquired Anetac to enhance its cybersecurity portfolio, and Montagu moved to acquire BMC Helix in a carveout from BMC Software, focusing on agentic AI capabilities. Complementing this, Francisco Partners acquired EfficientIP to secure its position in the network security software market, while Lead Edge Capital acquired Elektrik, a procurement platform for electrical components, to capitalize on the ongoing data center build-out.

Venture and growth financing also show selective intensity, despite a cooling broader environment. A consortium led by Blackstone, Apollo, and KKR took control of Medallia from Thoma Bravo following a $5bn loss for the incumbent. Meanwhile, General Atlantic is in talks to lead a $2bn-plus round for Kling AI as the video generation sector attracts significant capital. In the startup ecosystem, three former Palantir engineers raised $60M from firms including Index Ventures and Iconiq for an agentic operating system, while Comand AI secured €32m from Blossom Capital and Saab to advance its battlefield software technologies.

Consumer & Services

The consumer and retail space is undergoing significant restructuring, highlighted by Long Range Capital agreeing to purchase Pizza Hut in a transaction valued at $1.2bn, excluding the brand's Chinese operations. This deal coincides with H.I.G. Capital exiting Bluebird Group through a recapitalization led by Bertram Capital, and Altor, Strawberry, and TDR Capital exiting Nordic Leisure Travel Group in a transaction valued at $846m. In the logistics and trade sector, Investcorp took a strategic stake in IT distributor Metra, a firm serving over 6,500 partners across the MENA region, while Alantra Private Equity added two dental laboratories to its AIVORIQ platform in Spain to consolidate regional capacity.

Credit & Secondaries Markets

Private credit and secondaries are experiencing a period of rapid development and capital recycling. GIC is finalizing the sale of $2bn in private credit assets to capitalize on the robust secondaries market, a sentiment echoed by Flexstone’s agreement to acquire Glouston Capital Partners, which will create a combined platform managing over $15bn in assets. Blackstone is also launching Sable Pointe Credit Strategies to expand its asset-based lending origination, and Abry Partners closed an oversubscribed $780m continuation fund for Centauri with support from Apollo and Neuberger Berman to retain its stake in the healthcare asset.

Strategic Shifts & Firm Developments

Leading managers are recalibrating their organizational structures and investment strategies to adapt to evolving market conditions. Clearlake Capital closed its eighth flagship fund at $14.8bn, emphasizing a focus on AI, while Jardine Matheson is pivoting toward a private equity model through a $500m buyback and asset disposal plan. In a move toward succession and family office evolution, Partners Group co-founder Urs Wietlisbach is splitting his family office into a separate unit. Meanwhile, PayPal Ventures has shuttered its operations after a decade and 80 investments, signaling a retreat from corporate venture arms as the company undergoes broader restructuring.

Elsewhere, the sports and infrastructure investment landscape is hardening, with I Squared Capital partnering with the US International Development Finance Corporation to launch a $3bn Indo-Pacific energy platform. KKR has committed an additional $1.4bn to aircraft leasing through its ongoing partnership with Altavair, continuing a long-term strategy that has seen over $8bn deployed in the sector. Furthermore, L Catterton is in exclusive talks for a stake in Hyrox, underscoring the growing institutional interest in extreme fitness brands as a distinct sports-IP asset class. Meanwhile, ChapsVision is set to replace Palantir in a significant contract with the French intelligence agency, and BAE Systems invested €50m in venture funds Lakestar and Expeditions to secure a foothold in the defense tech ecosystem.