Private Equity 3 Days

Last updated: July 24, 2026, 5:30 AM ET

Deal Activity Across Sectors

Investindustrial has agreed to invest in PA Aromatics, an Italian developer and manufacturer of flavors and fragrances. Nazca Capital has acquired Madrid Artes Digitales, a creator and producer of immersive cultural experiences. Camden-backed Triumph Higher Education has acquired the Culinary Institute of Barcelona, a private international culinary school. Blackstone is set to sell its battery storage developer Aypa Power to Brookfield in a deal valued at approximately $7 billion, with Brookfield acquiring Aypa's project portfolio and development platform. Matador Resources Company is acquiring EnCap-backed Paloma Permian for nearly $1.3 billion, also securing undeveloped acreage in West Texas and Southeast New Mexico from Ridge Runner Resources. Ridgewood Infrastructure-backed MN8 will acquire power producer Greenbacker for $375 million, adding to its portfolio of energy assets.

Strategic Investments and Acquisitions

Decathlon has invested in health tech firm Health Endeavors. New Spring-backed Vybe Urgent Care has acquired two Liberty Urgent Care PA centers, expanding its footprint in the greater Philadelphia market. Tocqueville Asset Management has secured growth capital from Leon Financial Network to generate long-term enterprise value. Tayeh Capital has invested in C-suite advisory firm Council Advisors, which comprises over 160 professionals across three practice groups. Oaktree-backed GA Group has acquired family law litigation support firm Trampe Settles. Bregal Sagemount is taking a majority stake in Luxembourg’s ATOZ Services, an administration and governance provider serving over 800 clients. Coalesce Capital has invested in cybersecurity provider Worksheet, a move that capitalizes on expanding cybersecurity spending and regulatory compliance complexities. Fundamental Advisors has acquired aerial services operator Blue Sky Helicopters, which serves utility, government, and public safety customers. Tinicum has backed specialty chemicals distributor GracoRoberts. Vesterra Capital has acquired facilities maintenance platform PHFM, establishing it as an independent provider. Bowmark Capital is becoming a shareholder in building standard SFG20, which offers a software platform for facilities managers and building owners. Camden-backed Triumph Higher Education has acquired the Culinary Institute of Barcelona. Valeas Capital Partners is investing in My Pension Expert, which has grown to around £2 billion of assets under administration since Palatine's initial investment. IK Partners is selling MDT technologies to Bregal Unternehmerkapital; MDT manufactures smart building automation components. TJC is acquiring electrical power firm Sunbelt Solomon from Trilantic North America, with Sunbelt Solomon operating 42 locations across the US, Canada, and Chile. Monomoy is reportedly in advanced talks to sell concrete manufacturer Cast-Crete, which could be valued at up to $850 million. Cinven is acquiring software firm Salsify, which has over 2,000 customers. Truehelm-backed Wildflower Health has acquired maternity and women’s pelvic health platform Every Mother. Equality Asset-backed Mindoula is acquiring Janus Healthcare Partners and Valera Health, focusing on engaging hard-to-reach individuals in healthcare. Butterfly and Graham Partners are investing in flavor maker Custom Flavors, which serves the protein & nutrition, gummies & nutraceuticals, and functional food & beverage industries. Eli Manning, the former NY Giants QB, is discussing Brand Velocity Group's investment in RCX Sports. Angeles Equity Partners has appointed Kyle Huffman as VP of finance for its operations group to support portfolio companies. RFE-backed Launch Pad has acquired home inspection firm Top to Bottom Services, part of a platform for residential inspection services. O2-backed 4M has acquired Bluegrass Commercial Cleaning and Rainbow Maintenance Services, both providers of commercial janitorial services. Bluestone has backed Delphinus Engineering, with Roby Lentz now leading the company as CEO. I Squared-backed Liberty Tire Recycling has acquired All American Tire, Tire Recycling, and Genan Inc. Falfurrias has injected capital into work risk AI firm Factor Lab, which focuses on transforming high-risk work planning. Premier Care Dental Management, a PE-backed organization, has acquired cosmetic dentistry practice Brookline Smile Artists. Searchlight and Abry have completed a take-private buyout of IoT company Kore. Carlyle’s Pooja Goyal highlighted platform-building strategies, while Kayne Anderson and Warburg Pincus are selling Wild Fire Energy for approximately $4.06 billion to Magnolia Oil & Gas Corporation. AIP, MGX, and BlackRock’s GIP are acquiring Aligned Data Centers from Macquarie Asset Management and its co-investors. Kayne Anderson and Warburg Pincus are selling Wild Fire Energy for over $4 billion, focusing on oil and gas assets in South Texas. Enlightenment Capital is investing in govtech firm Quorum to accelerate its product roadmap and expand AI capabilities.

Fundraising and Investor Trends

Blackstone is targeting up to $25 billion for its latest flagship fund, with Strategic Partners Fund X seeking $22.5 billion as the second-largest active fundraise by target. Step Stone’s VC secondaries fund has surpassed $1 billion, with Ohio's public school employees' pension committing $50 million. Partners Group has closed its fourth direct infrastructure program above $15 billion, its largest infrastructure raise to date Partners Group closes fourth direct infrastructure programme. Apollo is targeting up to $20 billion for private credit deployment in Mexico, extending its franchise into the country's infrastructure build-out Apollo targets up to $20bn of private credit deployment. Dimension Capital's third fund, at $800 million, is 60% larger than its previous vehicle, reflecting growth in science and compute. Clipway has surpassed its target, reaching $6.4 billion for its debut fund, which launched with a $4 billion target. Blackstone, Apollo, and KKR are committing $5.34 billion to Williams power projects, taking a 49% non-controlling interest Blackstone, Apollo, and KKR commit $5.34bn. Secondaries fundraising surpassed $50 billion in the first half of the year, marking the second-strongest six-month period in six years. Investors are showing increased caution, with 67% keeping allocations unchanged in H1 2026, according to PEI's report. More than half of secondaries investors are utilizing evergreen vehicles, deploying capital into a broadening range of opportunities. Townsend has raised $2 billion for real estate secondaries, deploying $1 billion with an early focus on data centers. Lead Edge and Hamilton Lane led Summit Partners’ $625 million deal for Ninja One, allowing LPs options to roll or cash out. Alaska Permanent is considering a review of its PE benchmark, with concerns raised over private debt allocations and the exclusion of energy investments.

Emerging Trends and Market Dynamics

The European startup landscape sees 14 investors joining startups, while salaries in European startups are also a point of interest. AI, dual-use technology, and spacetech are emerging as key areas for debt funding. Leverage in continuation funds is a topic of discussion, with differing views on its appropriate use. The secondaries market is experiencing record volumes, with private real estate managers actively rewriting the playbook using continuation vehicles. China's RMB secondaries market has completed its first full cycle, presenting both opportunities and risks. Sifted has acquired Onstage to expand its founder events business. There are 9 neocloud startups to watch, according to investors. The tech industry has seen significant layoffs in 2025 and 2026, with over 127,000 workers affected at U.S.-based companies. AI disruption risk is identified as a potential deal killer in some transactions. The intersection of science and compute is a booming area, as evidenced by Dimension Capital's latest fund Dimension Capital’s $80