Private Equity 3 Days

Last updated: July 14, 2026, 11:30 AM ET

Private Equity Dealmaking Accelerates Across Sectors

Private equity firms continued their active dealmaking, with a focus on consolidation and strategic acquisitions. Gryphon Investors backed SMG's acquisition of Cross Safety, expanding into health, safety, and environmental services with operations in the US and Mexico. In the veterinary sector supported Vetn Care's purchase of Holistic Veterinary Care, while led an investor group to acquire a controlling stake in pharmacy Pantherx Rare from Nautic Partners, General Atlantic, and The Vistria Group. Bond Vet, also backed by Warburg Pincus, merged with Small Door Veterinary to manage over 55 clinics. ACP’s portfolio company Marco acquired industrial products supplier Rocket Seals, and Broadwing-backed Lehr scooped up emergency vehicle upfitting assets from Pro Logic ITS. In the industrial space acquired C&D Trojan Battery from KPS, and purchased powder spray producer Powder Alloy to establish a specialty materials platform. Mill Point completed its acquisition of Total Safety Supplies & Solutions from Littlejohn & Co., while exited HVAC provider Custom Air to Service Logic Holdings Canada after an eight-year holding period that included five add-on deals.

ArchiMed took biopharma firm Esperion Therapeutics private for $1.1 billion, targeting cardiometabolic and rare disease therapies. Inflexion is set to acquire Primed Group, a German provider of single-use medical consumables, from Paragon Partners. This marks Inflexion’s sixth investment in the DACH region and third in healthcare. Lightyear Capital backed tax and accounting firm Prosperity Partners, with Unity Partners retaining a minority stake. Main Capital-backed Whitevision signed an add-on acquisition of Documation, its second UK acquisition this year, broadening its document automation technology. Battery Ventures-backed ORTEC completed its add-on acquisition of TOBA HR Solutions, expanding its regional healthcare client base. In packaging and logistics, Odyssey Investment invested in Trans Pak to support its growth, and Odyssey also participated in a broader industry consolidation.

Consolidation and Strategic Stakes in Media and Services

Consolidation trends were evident in the media and professional services sectors, with major players acquiring significant stakes. KKR agreed to acquire a 51% stake in Thomson Reuters’ global print business for $500 million, with Thomson Reuters retaining a 49% equity stake in the joint venture. Apollo and Clearlake were also noted as buyers in the ongoing private markets firm consolidation. In the professional services realm, Gen Nx360 appointed Adam Feuer as operating partner, and named Jason Burmer as managing director and head of business development. In Europe expressed attractiveness in the water treatment sector, citing significant investment needs and labor constraints.

Secondaries Market Activity and LP Strategies

The secondaries market continues to mature as a capital formation tool, facilitating liquidity and repositioning for growth. CalPERS reported a 17% private equity return, while Ardian is closing a CV on a 2.5-year-old asset. Asante REF:2