Private Equity 3 Days

Last updated: July 17, 2026, 11:30 AM ET

Private Equity Sector Activity

Private equity has seen significant investment in the ambulance and medical transport services sector, with among the firms pursuing deals. Archi Med announced the closing of its $1.1 billion take-private of Esperion Therapeutics, a biopharmaceutical company. Meanwhile, Aston Martin is reportedly in discussions with funds including BlackRock-owned HPS Investment Partners to raise fresh debt. Charterhouse Capital Partners is set to Batibig, which generates over €500 million in annual revenue, and is also acquiring an emergency building repairs business. H.I.G. Capital has launched a new German residential platform, Highground Living, valued at €1 billion.

Dealmaking and Acquisitions Across Industries

EQT has raised its tender offer for Japanese internet platform operator Kakaku.com to ¥3,450 ($21. per share. Assurances du Crédit Mutuel (ACM) and Wafra are expanding their stakes in Ardian, while AXA sells its 10% holding. EQT's €5bn Scaleup Fund is reportedly in talks to lead a funding round for Mistral AI. Bridgepoint has agreed to acquire a majority stake in GBA Group, a laboratory testing business, from Ardian Bridgepoint buys majority stake in Germany's GBA Group. Montagu's Christoph Leitner-Dietmaier described deal complexity as a 'source of opportunity'. Recordati's board has backed an offer from CVC Capital Partners and Groupe Bruxelles Lambert at €51.29 per share. Arlington Capital is set to take Gooch & Housego private in a.

Technology and AI Investments

AI startups continue to attract substantial seed funding, potentially making it more challenging for pre-seed stage companies to secure investment. However, venture funding into fintech startups climbed nearly in H1 2026, with investors concentrating on AI and financial infrastructure. Travel agency Fora has reached unicorn status, raising a $60 million Series D round valuing the company at $1 billion. In Germany, robotics startup Microagi raised a record €55 million seed round. Blackstone, Hellman & Friedman, and Anthropic have launched an AI services provider called Ode with Anthropic, backed by, and others. Verdane has acquired stakes in four Trifork Labs technology businesses, including event-sourcing specialist Axoniq and digital health business Dawn Health. KKR is marketing Europe's first debt deal backed by PayPal's buy now, pay later loans KKR markets Europe's first debt deal backed by PayPal buy now, pay later loans.

Fundraising and Investor Strategies

Germany's KENFO plans to raise its allocation to private markets from 25% to 30% over the next two years, while trimming its exposure to private equity Germany's KENFO to lift private markets allocation to 30%. Partners Group has warned that evergreen outflows could reach, with private equity accounting for two-thirds of its underperforming assets. CalPERS has reported a preliminary net investment return of 14.8% for the year ending June 30, 2026, with private equity being a significant contributor. Carlyle Alp Invest has closed its second single asset-focused fund on $1.7 billion, surpassing its target. Louisiana Teachers are exploring a private equity secondaries sale to reduce their allocation to buyout assets and cull 'inactive' GP relationships.

Sector-Specific Deals

KKR, Ares are among private equity firms investing in emergency medical services. Charterhouse is set to acquire an emergency building repairs business, Batibig, generating over €500 million in annual revenue. Health Wave Partners has acquired memory care community Alamar Senior Living. Serent-backed Raintree has acquired the healthcare AI firm Spike Technologies. Trive Capital has sold its HIP services provider Kittyhawk to Machine Sciences.

Geographic and Market Trends

In Asia, investors poured $42.8 billion into startup funding rounds in Q2 2026, with China's $7.4 billion DeepSeek raise leading the surge. Europe's VC landscape sees an increasing trend of VCs taking on roles at their startups. European rounds are getting larger, but fewer companies are closing them. Advantage Partners plans to focus on Japanese domestic companies shielded from foreign takeovers Advantage Partners to target Japanese firms shielded from foreign takeovers.

Capital Markets and Financing

Apollo Global Management is reportedly in advanced talks to provide nearly $3 billion in financing for the New York Yankees. Ardian has arranged a unitranche facility to support Astorg's leveraged buyout of Barkene, a French provider of mission-critical technical services Ardian arranges unitranche financing for Astorg's buyout of Barkene. M&G is building its infrastructure secondaries exposure, targeting continuation vehicles (CVs) for assets needing more time and capital for growth.

Secondary Market Activity

Carlyle AlpInvest has closed its second single asset-focused fund on $1.7 billion, exceeding its target and its predecessor fund. Real estate secondaries are seeing increased deal flow as institutional investors seek exposure to in-demand asset classes. Serone, a credit manager, has launched a buyout secondaries strategy with hires from Ardian and UBS. High Vista has promoted Ramit Malhotra to principal for its GP-led secondaries team, launched earlier this year.

Venture Capital Dynamics

Founders Fund has hired former OpenAI executive Ryan Beiermeister as a partner. Greylock has capped its new fund at $1.5 billion, aiming to focus on a smaller number of investments per fund to be a more impactful partner to founders. Yann LeCun launched and then quit a new VC fund, with the reasons behind his departure explored. Corporate Venture Capital is showing a concentration of power at the top of the market, with smaller funds potentially feeling the impact.

Specific Deal Highlights

One Equity is set to acquire pipe fabrication and distribution firm Epic Piping from Bernhard Capital Partners. Stone Point Capital and Further Global have acquired Kroll, formerly Duff & Phelps, from Permira. Pophouse has acquired a stake in Iron Maiden's music and NIL rights. Ardian has acquired a majority stake in Pflegia, a digital healthcare recruitment platform. Gemspring-backed Amplix has acquired tech sourcing and procurement firm One Connect.