Private Equity 3 Days

Last updated: July 7, 2026, 8:30 AM ET

Deal Activity & Fundraises

Private equity firms have been active across various sectors, with notable transactions including HCPI's sale of Epicurean Butter to Solina USA and Sentinel's acquisition of cake decorations supplier Deco Pac from Kohlberg Sentinel scoops up. Unity Partners acquired Meaden & Moore Advisors, positioning itself at the intersection of accounting and insurance services Unity Partners buys. In the healthcare sector, EQT agreed to acquire Corza Medical's biosurgery business, including the Tacho Sil product portfolio, from GTCR EQT buys Corza, EQT to acquire. Summit Partners exited Dreampath Diagnostics to Halma, a company that provides systems for pathology labs to track tissue samples Summit Partners exits. NMS-backed Surplus Solutions acquired health tech firm DCM Bio Services, while Rotunda-backed RMH Systems purchased material handling integrator Top Shelf NMS-backed Surplus. Argosy took a controlling stake in logistics firm K&L Freight Management, which specializes in time-sensitive freight services for various industries Argosy takes stake.

Energy & Infrastructure

The energy transition continues to draw significant private equity interest. Blackstone, Blackstone Energy acquired Dresser Utility Solutions from First Reserve through its new energy transition fund. Permira is making a strategic investment in Iberian engineering group Quadrante, marking its second deal under its Energy Transition strategy Permira backs Iberian, Permira invest. Foresight is actively pursuing opportunities in decentralized energy systems, with a strong flow of deals despite macroeconomic headwinds Foresight eyes. HIG agreed to acquire a majority stake in German infrastructure engineering and construction firm Terras Group HIG agrees to. Avance is backing infrastructure firm Lexxel, with the founders reinvesting alongside the firm Avance backs. Capmont is carving out Dyneon, a fluoropolymer manufacturer, from 3M Deutschland, serving sectors including semiconductors and electric vehicles Capmont carve.

Technology & Software

Technology remains a key focus for private equity, with AI continuing to drive investment. North American startup funding reached a record $392 billion in the first half of 2026, significantly boosted by AI North American Startup. Thoma Bravo closed a merger combining Hypergene, a financial planning and analysis platform, with Stratsys, a governance, risk, and compliance software provider Thoma Bravo closes. Bridgepoint provided a €200 million minority investment to Skello, an AI-powered HR management software provider for frontline workers Bridgepoint backs. IQM investors applauded its public market debut IQM investors applaud, while Hive raised $15 million for its AI 'silicon brain' technology Hive raises $15m. Google has backed Proxima Fusion in a €411 million funding round Google backs Proxima. Thought Machine achieved $100 million in annual recurring revenue and aims to double it before a potential IPO Thought Machine just.

Consumer & Retail

Consumer-focused businesses are also attracting deal-making activity. Apheon is acquiring French frozen snack group Alma, aiming for expansion into Benelux, Germany, and the UK Apheon’s acquires. CVC has agreed to sell its stake in premium marina operator D-Marin to Infra Via Capital Partners CVC sells premium, CVC agrees sale. Bruin Capital is selling golf simulation company Full Swing to Versant Media for $530 million Bruin Capital.

Financial Services & Healthcare

In financial services, KKR and TA Associates-backed Swedish wealth manager Söderberg & Partners has agreed to acquire Benchmark Capital, a UK financial advice business, from Schroders KKR and TA. Warburg Pincus is exiting Singular Bank, a private banking and wealth advisory firm, with ING leading a consortium to acquire its stake Warburg Pincus. Sports franchises are emerging as a new alternative asset class, with Blue Owl Capital acquiring a minority stake in the Cleveland Cavaliers through its Home Court Partners fund Blue Owl buys. Mubadala Capital has opened its $25 billion credit platform to outside investors following the transfer of its credit business Mubadala Capital opens.

Fundraising & Investor Intentions

The fundraising environment continues to evolve, with some firms surpassing targets. Eurazeo closed its fifth secondaries program at €2.3 billion, exceeding its €2 billion goal Eurazeo closes fifth, Eurazeo surpasses. CVC closed its European mid-market fund Catalyst III at €3 billion, nearly double its target CVC closes mid-market. Investor intentions show a growing interest in secondaries, with Singaporean family office JRT Partners looking to increase exposure to this market Investor Intentions: JRT. Danish investment manager Novo Holdings is expanding its planetary health portfolio and considering allocations for private equity GPs to manage, while also eyeing energy and Asia Denmark’s Novo Holdings. The Japanese Government Pension Investment Fund (GPIF) saw its PE portfolio climb 26% in the past year, growing by approximately $1.4 billion GPIF’s PE portfolio.

Exits & Divestitures

Several firms have completed or are planning exits. Advent is backing Avio, an Italian space and defense propulsion group, with a minority stake to support expansion Advent takes 7%. Advent-backed Cobham Ultra plans to sell its undersea warfare solutions provider Ultra Maritime for $3.45 billion Advent-backed Cobham. Lone Star Funds has agreed to acquire Conti Tech, the industrial materials arm of Continental, in a €4 billion deal Lone Star Funds, Lone Star agrees. CVC has agreed to sell its stake in D-Marin, a premium marina operator, to Infra Via Capital Partners CVC sells premium, CVC agrees sale.

Market Trends & Commentary

Commentary from industry participants suggests a shift in market dynamics. GPs targeting retail capital are navigating a delicate balance, while one European GP has successfully surpassed its initial hard-cap Side Letter: Retail. The illusion of uniform success in private equity is fading, with the model itself not broken but requiring a more disciplined approach Private Take: Bad. The ongoing debate around AI's impact continues, with discussions on its potential to revolutionize various sectors, including disease cure Can AI really. Cleantech startup funding has stabilized, with $15 billion invested in seed-through-growth rounds in the first half of the year, driven by growing energy demand Sector Snapshot: Cleantech. Venture capital LPs have been concentrating investments in megafunds, potentially sacrificing higher returns for perceived safety amidst economic uncertainty A Year Of. China's private equity market is undergoing a reset, potentially leading to a more disciplined opportunity set for investors Chinese PE:.

Potential Transactions

Castlelake has secured board backing for a potential £5.5 billion take-private of the UK budget carrier easy Jet, valuing the airline at approximately $7.3 billion Castlelake wins easy Jet. Lone Star Funds is set to acquire Conti Tech from Continental in a significant €4 billion industrials deal Lone Star Funds to buy, Lone Star agrees acquire.