Private Equity 3 Days

Last updated: August 8, 2026, 5:41 AM ET

Take-Privates & Mega Deals

Apollo secured a recommended £5.7bn cash offer for easy Jet, ending a four-week bidding contest and marking a landmark European take-private. The move comes as ‘bear hugs’ rise in UK take-privates. In a separate contested process, Bodycote confirmed receiving competing £1.56bn cash proposals from CVC and Veritas Capital. Meanwhile, Clearlake co-founder José Feliciano nears a record $3.9bn MLB deal to acquire the San Diego Padres. EQT's €5bn Scaleup Europe Fund debuted with a €450m cheque into ICEYE, valuing the satellite operator at €10bn.

Healthcare & Pharma

Wise Equity agreed to acquire E-Pharma Trento, which may pursue bolt-on acquisitions. KKR took control of Medicover India, a 24-hospital multi-specialty network. Ares Management is leading a $2.2bn direct loan to finance Med Impact's acquisition of Medical Card System. Tortuga Growth Partners invested in Advanced eClinical Training out of its Fund I. Veritas Capital agreed to acquire environmental consultant Trinity Consultants from Oak Hill. Eir Partners invested in Claims Bridge and supported the add-on of Dialysis PPO. Private equity firms are targeting tech in healthcare workforce services across eight deals, with Accel-KKR, Bain and Knox Lane active.

Energy, Power & Infrastructure

Sunoco will acquire Court Square-backed Offen Petroleum for $600m – the target delivers 2.5bn gallons of fuel annually. LS Power is acquiring a Brazos Valley gas-fired plant from Constellation to satisfy a regulatory divestiture. Partners Group is taking a majority stake in AVK Power Solutions, which has installed ~3.5GW of data center power in Europe. Goldman Sachs Asset Management is teeing up Divcon Controls for sale – Divcon provides building management systems for data centers. Veritas Capital is acquiring Greenbelt-backed Saber Power Services, a vertically integrated power infrastructure platform. Arlington-backed TRP Infrastructure closed five add-ons to form a new highway plastics division. Nordic Capital completed an $800m take-private of BWXT’s nuclear medicine business.

Secondaries & Continuation Vehicles

Pantheon bought $523m of BlackRock TCP Capital’s private credit book in a landmark BDC continuation vehicle, priced at 95% of gross fair value as of December 2025. The vehicle will house over $500m of debt positions, as Secondaries Investor reports. GP-leds dominated H1 secondaries figures, with expansion into new asset classes driving growth. On hold periods, shorter holds create higher burdens for continuation vehicles. G Squared closed a $2.3bn fund VII for venture secondaries in record time. Carlyle’s Harvey Schwartz says cyclical tailwinds will persist for “next several years”. Infra single-asset secondaries are blooming as a liquidity tool and access strategy. Industriens Pension may add more infra secondaries exposure, favouring indirect investments. Revenant Ventures raised $78.5m for a debut VC secondaries fund from a Draft Kings seed investor.

Fundraising, LPs & Investor Intentions

Allianz posted record Q2 operating profit, with €39bn of net inflows to asset management pushing third-party AuM to a record €2.16tn. TPG nears a $17bn target for its TPG X healthcare fund. Mega-firms are defying fundraising headwinds. New Jersey's pension fund sees opportunity in a slow exit market, as CIO Shoaib Khan says re-ups and new opportunities are on equal footing. Carlyle realisations drove strong earnings, with US buyout distributing capital at double the industry rate. Hamilton Lane says evergreen hesitancy is temporary. Apollo downplays manager consolidation a year after acquiring a GP. Italian pension fund ENPAV released an RFP for private equity co-investment. Korean MMAA seeks 300bn won commitments to domestic PE/VC funds. Korea Post Insurance looks to commit 60bn won to domestic blind-pool VC funds. Boston Retirement Systems issued an RFP for up to $85m in private equity.

Mid-Market M&A & Add-Ons

Bernard Arnault installed Aymeric Le Clere as CEO of Financière Agache, the €3.1bn holding vehicle for LVMH control. Carlyle picked up a minority stake in Prime Capital Financial as Abry Partners exited after growing the wealth platform to $50bn AUM. Broad Sky grew Smith + Howard 4x before exiting to TPG. Copley Equity-backed FMG Leading snapped up Broadbranch Advisors. Nexa Equity-backed Facility Grid acquired autonomous commissioning company Ping Cx to boost AI offerings. MPK Equity-backed Gorgeous Collective acquired Clean Your Dirty Face, its first add-on. RedBird’s Affinia added Wilson Partners in a UK accounting tie-up. Partners Group is in talks to buy beauty brand Aroma-Zone from Eurazeo. Bain Capital is acquiring Gong cha from TA Associates. KKR-backed FGS Global scooped up government affairs firm Rich Feuer Anderson. ContextLogic will acquire chemicals manufacturer gChem from Eagle Tree for $850m. Verdane made a majority investment in Danish IoT company Factbird.

Venture & Growth Equity

This week’s 10 biggest funding rounds included three $1bn+ financings. Active startup investors kept up the pace in July, with familiar names topping the metrics. Moove raised $250M to become the backbone of robotaxi fleet operations. WindBorne Systems raised $37M Series B for AI weather forecasting. Robinhood will list a fund letting retail investors back Y Combinator startups. Legaltech Wordsmith raised a $14m Series B extension from Index and FT Ventures. MagicSchool AI raised $63M from VCs for an edtech AI platform built by an educator. YC’s repeat founder class is growing, with 454 repeat founders analyzed. A16z has 30+ venture scouts hunting for deals across Europe. Yann LeCun joined a new VC firm. Europe’s top 50 equity investors in H1 2026 were ranked. Lightspeed found a new hire via Instagram DM. Lendable is chasing a superapp dream. QMUL spinouts are looking to raise. Pleo’s culture crisis is marked by executive exodus and sale speculation.

Sector Spotlight: Music, AI & Tech

The music industry is “exceptionally active”, says Reed Smith’s Josh Love, with biggest deals and AI potential. AI is also improving weather prediction; can Wind Borne make it lucrative? Your AI strategy may be destroying exit value, warns a strategic adviser. Clearlake is partnering with OpenAI, while Thoma Bravo sells Command Alkon to FP. UK talent visa expanded to more than 100 companies. Top junior VCs in Europe were named by partners. Founder praise language decoded: “sweaty, insane, cracked”. And seven Paris spots to meet founders and VCs.