Private Equity 3 Days

Last updated: July 3, 2026, 8:30 AM ET

Exits & Portfolio Management

Advent nears a $3.5 billion exit from naval technology group Ultra Maritime, with Lockheed Martin reportedly leading the acquisition race. In hospitality, Eurazeo has divested its stake in Spanish hotel portfolio FST Hotels to Extendam, a European private equity specialist. Meanwhile, General Atlantic is in talks to sell a portion of its stake in sportswear brand Gymshark back to founder Ben Francis, who seeks to consolidate his ownership. IVEST and Cloverlay are set to sell the Care Bears franchise to Authentic Brands Group for an undisclosed sum, having quadrupled its revenue in three years. Riverside Company is selling organic candy brand Yum Earth to ACON Investments. Inflexion has sold aerospace supplier Avantus Aerospace to Arcline Investment. Peak Rock is exiting its investment in health tech firm Asembia by selling it to an undisclosed buyer, and has also sold geospatial services company SAM to New Mountain. KKR is nearing the sale of its ship leasing platform Ocean Yield, which holds over 70 vessels, to AP Moller. Genesis Capital has exited GTH Catering, and Xenon is exiting tomato processor Solana to Investindustrial-backed La Doria. Behrman has completed a $250 million continuation fund for Shurco.

Fundraising & Investor Intentions

Hayfin Capital Management has raised over €15 billion ($17.1 for its latest direct lending fund, signaling capital concentration among scaled players in the market. Hamilton Lane closed its sixth direct equity fund at $3.8 billion, its largest to date. Generation IM has raised $1 billion for a long-hold private equity strategy, aiming for longer investment horizons to transform market segments. Ardian is packaging secondhand fund stakes into approximately $1 billion of debt through a collateralised fund obligation. BCI is exploring a new capital solutions strategy, aiming for good returns. In secondaries, investors are increasingly comfortable with fund financing in continuation vehicles (CVs) to optimize returns. The Town of Wellesley is seeking an investment consultant for its retirement board and Other Post-Employment Benefits trust. The Massachusetts Water Resources Authority is seeking proposals for a private equity buyout mandate, planning to commit up to $20 billion. Tapestry VC has closed an $80 million third fund to back repeat European founders, anticipating a wave of AI exits. Rick Hao, a former Speedinvest partner, has closed a $50 million solo GP fund for deeptech startups. Magnify Ventures has raised $46.6 million for its second fund, with notable participation from Melinda French Gates' Pivotal Ventures.

Buyouts & Platform Investments

Blackstone has filed to take its portfolio company Jersey Mike's Subs public, potentially valuing the sandwich franchisor at up to $12 billion. Platinum Equity is investing in retailer Grand Appliance, which operates 31 locations across four states. Monomoy Capital has acquired the Jiffy Lube quick lube and car service franchise from a Shell USA subsidiary for $1.3 billion. Truelink Capital has made its first Fund II platform investment in Horwitz, a provider of mechanical, electrical, and plumbing (MEP) services. GTCR-backed Experity has acquired Exdion Healthcare. Harvest Partners is reportedly seeking first-round bids for its auto services provider Goodturn, with potential buyers offering 13x-15x EBITDA. FPE is backing BMA, a decision platform for utility companies. Parthenon has backed patient support solutions provider Momentum Life Sciences. Corten and Ampersand have acquired Beacon Intelligence, a provider of structured data on early-stage drug development. JFLCO-backed Wrist Group has acquired maritime logistics services provider MSA. Meritus Gas Partners, a portfolio company of AEA Enterprise, has acquired helium solutions firm HICO through its subsidiary Buckeye Welding Supply. WILsquare-backed Automotive Color & Supply has acquired Ohio Paint Supply. TSCP-backed Pest Co has acquired Arrow Pest Control. Martis Capital is backing healthcare marketing agency Deerfield Group. Investcorp-backed Sunrise Produce has acquired Family Tree Produce. Cathay Capital has launched Ascendia Autism Care with an initial 20 centers across eight states. Balance Point is investing in Aqua Verse, a platform for pool service brands. Voyager Interests has acquired helicopter operator Rotorcraft Leasing Company.

Sector Focus: Technology & AI

Blackstone-backed Enverus has acquired four PDS Energy Information exchange platforms, part of the US upstream industry's operating infrastructure. Nordic Capital-backed Regnology is set to acquire Fed Reporter, signaling an expansion into the US market for the regulatory technology platform. Volpi Capital has taken a majority stake in archiving software firm kgs, which serves over 375 enterprise SAP environment customers. Main Capital has acquired Auto IT, a software provider for Danish car dealerships and automotive retail stakeholders, through its portfolio company UnameIT. Ardian Semiconductor has taken a minority stake in French AI chip designer VSORA, which focuses on AI inference accelerators for data centers. Bending Spoons, the Milan-based technology group known for acquiring and revamping older tech brands, has seen its IPO surge 40% on its first day of trading, reaching an $18 billion valuation. The company has grown by acquiring brands like AOL and Eventbrite. Eleven Labs is reportedly seeking a $22 billion valuation with a fresh share sale. Deep Mind and Gensyn angels are backing Xylo in a £2.8 million raise. Meta and OpenAI alumni are seeking $400 million for a new AI lab. The emergence of AI labs like those founded by ex-Deep Mind researchers, such as Equi Libre Technologies, which is valued at over $500 million, highlights the potential in specialized AI development. The increasing focus on AI is driving significant investment, with startups in the sector announcing sizable funding rounds. The article "AI dominated dealmaking in H1" suggests this trend is a central theme for investors.

Sector Focus: Industrials & Infrastructure

KKR has agreed to acquire the North American operations of EDF power solutions for approximately $4.2 billion, with potential for additional payments up to $390 million. This is part of KKR's broader push into clean energy, with another deal involving taking control of a $1.3 billion SK renewables platform in South Korea to support the country's AI build-out. Cinven is backing the merger of its portfolio company Vitamin Well with EMPWR, a nutrition bar manufacturer, bringing Barebells' primary producer in-house. Apheon is in talks to acquire the orthopedic bone cement business Teknimed. CVC DIF, the infrastructure strategy of CVC, has agreed to sell Klara Renewables, a portfolio of six operational onshore wind farms in Poland, to Actis. RGreen Invest is backing Geogreen with a €52.4 million investment. Inflexion has announced several partner promotions, including Sachin Mitra, James Stevens, and Freddy West. Blue Wolf has appointed Vanessa Generelli CFO.

Sector Focus: Healthcare & Life Sciences

Frazier Healthcare Partners has named Stephen Krupa as executive in residence for its buyout team. THL-backed Headlands Research has acquired Clinical Trials Research, a network of clinical trial sites. Peak Rock has acquired health tech firm Asembia. Corten and Ampersand have acquired Beacon Intelligence, which provides structured data on early-stage drug development. The medical education gap presents an opportunity for private equity investors, with asset-level data showing the healthcare sector is on the mend after a challenging period.

Venture Capital & Emerging Companies

Ashton Kutcher is leaving Sound Ventures to launch a new VC firm with Morgan Beller, focusing on infrastructure supporting AI companies. Common Ventures is launching a scheme to place working-class graduates into startups. Tapestry VC has launched an $80 million fund aimed at backing repeat founders in Europe. Deep Mind and Gensyn angels are backing Xylo in a £2.8 million raise. Meta and OpenAI alumni are seeking $400 million for a new AI lab. One unicorn is emerging each week in Europe, signaling a new model for billion-dollar startups. Drone maker Quantum Systems has raised $1.2 billion and is exploring humanoid technology. Eleven Labs is reportedly targeting a $22 billion valuation with a new share sale. Bending Spoons has priced its $1.68 billion Nasdaq IPO above its range, a significant exit for its backers. The company has achieved success by acquiring and revamping older tech brands. Klarna has won a $1.97 billion antitrust lawsuit against Google.

Secondaries & Continuation Vehicles

Evercore is expanding its secondaries team in Asia with a new hire from HarbourVest. Ardian is packaging some of its secondhand fund stakes into approximately $1 billion of debt through a collateralised fund obligation. Secondaries buyers are increasingly seeking fund financing for continuation vehicles (CVs) to enhance returns. Behrman has completed a $250 million continuation fund for Shurco, with Coller Capital leading the investment REF:8