Private Equity 3 Days

Last updated: August 8, 2026, 2:37 AM ET

Mega-Deals & Take-Private Activity

Apollo secured a recommended £5.7bn cash offer for easy Jet, ending a four-week bidding contest for the FTSE 100 airline. The deal marks one of the largest European take-privates this year. Separately, Bodycote confirmed two competing conditional cash proposals from CVC and Veritas Capital, each valuing the heat-treatment specialist at £1.56bn. Clearlake co-founder Jose Feliciano is nearing a record $3.9bn deal for the San Diego Padres, the most expensive franchise sale in MLB history. Partners Group agreed to acquire a majority stake in AVK Power Solutions, a Maidenhead-based provider of power systems for data centers that has delivered over 20,000 projects and installed ~3.5GW across Europe's FLAP-D markets. Bain Capital agreed to acquire bubble-tea chain Gong cha from TA Associates. KKR-backed FGS acquired bipartisan government affairs firm Rich Feuer Anderson, its second such deal. Carlyle picked up a minority stake in Prime Capital Financial as Abry Partners exited the $50bn-AUM wealth platform. Veritas agreed to acquire environmental consultant Trinity Consultants from Oak Hill. PE-backed ContextLogic acquired chemicals manufacturer gChem from Eagle Tree for $850m, adding its second operating business. Sunoco agreed to acquire Court Square-backed Offen Petroleum for $600m; Offen distributes 2.5bn gallons of fuel annually to ~7,000 customers.

Healthcare & Life Sciences

KKR agreed to acquire Medicover India, the 24-hospital Indian operations of Nasdaq Stockholm-listed Medicover AB. Ares Management is leading a $2.2bn direct loan to finance Med Impact Holdings' acquisition of Medical Card System. Nordic Capital inked a radiopharmaceuticals deal, with tech advances driving the $800m take-private of BWXT's nuclear medicine business. Accel-KKR, Bain and Knox Lane are among PE firms targeting tech investments in healthcare workforce services, with eight deals tracked. Eir Partners invested in Claims Bridge and supported the add-on of Dialysis PPO. Tortuga Growth Partners invested in Advanced eClinical Training out of its Fund I. Wise Equity inked an agreement to acquire E-Pharma Trento, which may pursue bolt-on acquisitions for new technologies.

Tech, AI & Venture Capital

EQT's Scaleup Europe Fund made its first investment, co-leading a €450m round into Finnish satellite imaging company ICEYE at a €10bn valuation, debuting a €5bn fund. Moove raised $250M to scale autonomous vehicle fleet management, planning to eventually own Waymo robotaxis. G Squared secured $2.3bn for its seventh flagship secondaries fund, about twice the size of its predecessor and raised in half the time. Robinhood will list a fund that lets retail investors back Y Combinator startups. Veritas acquired Greenbelt-backed Saber Power Services, a vertically integrated power infrastructure services platform. Nexa Equity-backed Facility Grid acquired autonomous commissioning company Ping Cx, introducing a new product strategy. Verdane made a majority investment in Factbird, a Danish IoT and recurring software company. MagicSchool AI raised $63M from VCs, founded by an educator. WindBorne Systems raised a $37M Series B for AI weather forecasting. Legaltech Wordsmith raised a $14m Series B extension from Index and FT Ventures. Yann LeCun joined new VC firm 224 Ventures. A16z has over 30 venture scouts hunting for deals across Europe. Pleo faces a culture crisis with executive exodus and sale speculation. Lendable is chasing a superapp dream, constrained more by capacity than ideas. Y Combinator's repeat founders are growing, with 454 repeat founders analyzed. Khosla and YC topped ranks as most active startup investors in July.

Secondaries & Fundraising

Pantheon bought $523m of BlackRock TCP Capital's private credit book in a landmark BDC continuation vehicle, priced at 95% of gross fair value. GIC is preparing to offload around $1bn of PE fund stakes on the secondary market. Carlyle views Alp Invest as a corporate finance business; cyclical tailwinds will persist for the next several years. Single-asset secondaries in infrastructure are blooming, but discipline on entry valuations is critical. GP-leds dominated the H1 secondaries market, driven by fundraising and new asset classes. Revenant Ventures, the seed investor in Draft Kings, closed on $78.5m for a debut VC secondaries fund. Nextalia raised €1.1bn for its second flagship fund in five months, pushing its Italian platform past €3.4bn with commitments from over 200 investors. TPG nears a $17bn target for TPG X and its third healthcare fund, part of a $94bn platform. Allianz posted record Q2 operating profit, with €39bn of net inflows at its asset management arm pushing third-party AuM to a record €2.16tn. Hamilton Lane says evergreen hesitancy is only temporary, as some investors house capital before funding SMAs. Boston Retirement Systems issued an RFP for up to an $85m PE mandate. ENPAV released an RFP for PE co-investment. MMAA seeks 300bn Korean won for domestic blind-pool PE/VC funds. Korea Post Insurance targets 60bn Korean won for domestic blind-pool VC funds. Industriens Pension mulls adding more infra secondaries exposure.

Infrastructure, Energy & Industrials

LS Power will acquire the Brazos Valley gas-fired power plant from Constellation, satisfying a regulatory divestiture commitment. Partners Group is in talks to buy beauty brand Aroma-Zone from Eurazeo. GSAM is teeing up Divcon Controls for sale; Divcon provides building management systems for data centers. Arlington-backed TRP Infrastructure closed five add-on deals to form a new highway plastics division called Gulf Highway Materials. Copley Equity-backed FMG Leading snapped up Broadbranch Advisors. RedBird's Affinia added Wilson Partners in a UK accounting tie-up. Broad Sky grew Smith + Howard 4x before exiting to TPG. Music industry is seeing some of the biggest deals ever, with AI improving administration and royalty processing. Clearlake partnered with OpenAI, while Thoma Bravo sells Command Alkon to FP.

Regional & Institutional Moves

Bernard Arnault installed Aymeric Le Clere as CEO of Financière Agache, the €3.1bn holding vehicle anchoring LVMH control. UK 'bear hugs' are on the rise in take-privates. UK expands talent visa to over 100 companies. New Jersey Division of Investment sees opportunity in the slow exit market. Carlyle realisations drove strong earnings, with US buyout distributing capital at double the industry rate. Mega-firms defy fundraising headwinds; OMERS plots a fivefold increase of its PE portfolio. Apollo downplays manager consolidation a year after acquiring a GP. Europe's top 50 equity investors in H1 2026 were ranked. 7 Paris spots to meet founders and VCs were identified. QMUL spinouts are looking to raise. Startup slang decoded. AI strategy may destroy exit value if not careful. Njord Partners says AI is now part of how the firm operates. Advent agreed to acquire FNZ Bank, an independent wealth management infrastructure provider in Germany. MPK Equity-backed Gorgeous Collective acquired Clean Your Dirty Face, its first deal since the platform launch.