Private Equity 3 Days

Last updated: June 19, 2026, 5:30 PM ET

Large-Cap Buyouts & Take-Privates

EQT leads the charge in the public-to-private market, securing backing from the Abu Dhabi Investment Authority and Mubadala for its £10.9bn acquisition of the FTSE 100 testing giant Intertek. This move coincides with Apollo's aggressive expansion in the software space, where a consortium including Blackstone and KKR has seized control of Medallia from Thoma Bravo, a transaction resulting in a $5bn loss for the latter. Meanwhile, Altaris targets health tech with a $375m take-private deal for Simulations Plus, offering shareholders $18.50 per share, while Arcline takes AstroNova private in a transaction valued at approximately $272 million, or $29 per share.

Infrastructure & Energy Assets

Infrastructure secondaries remain undersized relative to demand, yet institutional appetite is surging as firms like Allianz Global Investors identify a wealth of attractive opportunities in the space. In a move to bolster regional energy security, I Squared Capital has partnered with the U.S. International Development Finance Corporation to launch a $3bn Indo-Pacific energy platform. This aligns with CPP Investments' capital commitment of $715m to India’s Ctrl S Datacenters, a strategy designed to capitalize on the rapid growth of the region's digital infrastructure. Meanwhile, KKR continues aircraft leasing support with an additional $1.4bn commitment to Altavair, building upon the $8bn the two firms have deployed since their 2018 partnership.

Private Credit & Asset-Based Lending

Sable Pointe Credit Strategies represents the latest push by Blackstone into the booming asset-based lending sector, a frontier currently experiencing rapid expansion within the private credit landscape. In the Italian market, Apollo is negotiating a $574m private debt package to refinance Eolo, the fixed wireless operator held by Partners Group. This shift toward private debt is further evidenced by GIC’s potential sale of nearly $2bn in private credit assets, as the Singaporean sovereign fund seeks to capitalize on the high liquidity currently available in the secondaries market.

Fundraising & Strategy

Clearlake Capital closed its eighth flagship fund at $14.8bn, demonstrating the continuing trend of LPs funneling capital toward established managers despite a challenging macroeconomic environment. Similarly, Charterhouse Capital Partners is nearing its final close for its twelfth flagship fund, having already surpassed its €1.5bn target. As fundraising timelines stretch, GPs are facing increased scrutiny from institutional investors who are demanding more rigorous benchmarking and performance transparency, a challenge that is driving renewed focus on tax strategy as an underutilized tool in complex dealmaking.

Mid-Market & Industrial Acquisitions

Mutares has initiated a carveout of Synthomer, the supplier of acrylic acids and esters, as part of its ongoing industrial portfolio refinement. This sector consolidation is mirrored by KPS Capital’s investment in Jennmar, where existing shareholder Falcon Point Partners will maintain a minority stake, and New Mountain’s capital injection into Commonwealth Associates, aimed at supporting infrastructure demand. Elsewhere, Riverside Company has invested in Asset Intel, an infrastructure tech firm that services federal agencies and transit authorities, while Platinum Equity plans to divest its HVAC equipment supplier Heat Controller, a business acquired just last year.

Technology & AI Ventures

General Atlantic is in talks to lead a significant $2bn-plus financing round for Kling AI, a video generation firm under Kuaishou Technology, signaling the massive capital flowing into high-end generative models. This focus on deep tech is also evident in EQT’s acquisition of Exolaunch, a mission management and satellite deployment specialist, marking the firm's entry into the space sector. Meanwhile, CuspAI is tracking a $2.6bn valuation with support from high-profile investors like Jeff Bezos, and Comand AI has raised €32m from Blossom Capital and Saab to advance its battlefield software platform.

Sports, Travel & Niche Markets

MSP Sports Capital has entered the league by acquiring a majority stake in the New Zealand Sail GP Team, reflecting the broader trend of private equity firms seeking premium, high-engagement sports assets. The travel and hospitality sector is also seeing activity, with BGF investing in Wild Frontiers, an adventure travel operator that manages over 375 tours annually. Conversely, Altor and TDR are exiting Nordic Leisure Travel to Norwegian Air Shuttle, a move that highlights the ongoing rotation of assets in the European tourism sector as markets normalize.

Operational & Cultural Challenges

Cleo employees have surfaced allegations of a toxic workplace culture, describing the environment as directionless and unhappy, which serves as a reminder of the operational risks inherent in high-growth startup environments. These challenges are not limited to the tech sector; Legora has issued warnings to investors regarding unauthorized share trades, highlighting the importance of governance. Furthermore, Nabla is contending with the pressures of rapid scaling and international expansion, where the speed of the race often outpaces internal human resource development.