Private Equity 3 Days

Last updated: August 8, 2026, 11:43 AM ET

Mega-Deals & Take-Privates

The biggest story of the week is Apollo’s recommended £5.7bn cash offer for easy Jet, ending a four-week bidding contest and marking a landmark European take-private. In a rare dual-bidder scenario, Bodycote confirmed competing £1.56bn cash proposals from CVC and Veritas Capital for the heat-treatment specialist. Meanwhile, KKR agreed to acquire the 24-hospital Medicover India network, adding a scaled multi-specialty platform to its healthcare portfolio. On the consumer side, Bain Capital is buying bubble-tea chain Gong cha from TA Associates. Partners Group is acquiring a majority stake in AVK Power Solutions, a data-center power systems provider that has installed roughly 3.5GW across Europe. In a notable exit, Broad Sky grew professional services firm Smith + Howard 4x before selling to TPG.

Credit, Secondaries & Continuation Vehicles

The secondaries market saw a flurry of activity. Pantheon bought a $523m slab of BlackRock TCP Capital’s private credit book in a landmark BDC continuation vehicle, pricing at 95% of gross fair value. G Squared raised $2.3bn for its seventh flagship fund — twice the size of its predecessor and raised in half the time — as venture secondaries heat up. A deep dive on GP-leds’ banner first-half figures shows fundraising and expansion into new asset classes driving domination. On the infrastructure secondaries front, Industriens Pension of Denmark is mulling adding more exposure, favouring indirect commitments. Meanwhile, an analysis notes the single-asset secondaries market within infrastructure is blooming but requires discipline on entry valuations. Ares Management is leading a $2.2bn direct loan to finance Med Impact’s acquisition of Medical Card System.

Healthcare & Workforce Services

Private equity is aggressively targeting tech-enabled healthcare workforce services. Accel-KKR, Bain and Knox Lane are among firms transacting in the space, with eight deals highlighted by PE Hub. Eir Partners invested in Claims Bridge and supported the add-on of Dialysis PPO. In another healthcare-adjacent deal, Tortuga Growth Partners invested in Advanced eClinical Training out of its Fund I. Additionally, Veritas Capital is acquiring Saber Power Services from Greenbelt, a power infrastructure platform for critical electrical systems. On the radiopharma side, Nordic Capital struck an $800m take-private of BWXT’s nuclear medicine business.

Energy, Infrastructure & Industrials

Several large energy and infrastructure deals closed. Sunoco agreed to acquire Offen Petroleum from Court Square for $600m — a fuel distributor delivering 2.5bn gallons annually. LS Power will acquire the Brazos Valley gas-fired power plant from Constellation, satisfying a regulatory divestiture commitment. Goldman Sachs Asset Management is teeing up data-center power engineering firm Divcon Controls for sale. In highways, Arlington-backed TRP Infrastructure closed five add-on deals to form a new highway plastics division called Gulf Highway Materials. Wise Equity inked an agreement to acquire E-Pharma Trento, which may pursue bolt-on acquisitions.

Technology, Data & Business Services

In tech services, Copley Equity-backed FMG Leading snapped up Broadbranch Advisors. Nexa Equity-backed Facility Grid acquired autonomous commissioning company Ping Cx, launching a new AI-powered product strategy. RedBird’s Affinia added Wilson Partners in a UK accounting tie-up. KKR-backed FGS Global scooped up government affairs firm Rich Feuer Anderson. Verdane made a majority investment in Factbird, a Danish IoT and manufacturing intelligence firm. A profile of Lendable shows the fintech chasing a superapp dream, constrained more by capacity than ideas.

Venture Capital & Startup Funding

Startup investors kept July active. Three companies raised $1bn+ rounds in a big week for large checks. Moove raised $250M to become the backbone of the robotaxi industry, planning to own Waymo vehicles. Y Combinator’s repeat founder trend is rising, with a dataset of 454 repeat founders. A16z has 30+ venture scouts hunting for deals across Europe. Sifted ranked Europe’s 50 most active equity investors in H1. Lightspeed hired a new team member via Instagram DM. QMUL spinouts are looking to raise. Pleo faces a culture crisis amid executive exodus and sale speculation. The UK expanded its talent visa to more than 100 companies.

Fundraising, LP Activity & Investor Intentions

Mega-firms are defying fundraising headwinds, per Side Letter learnings from earnings. The New Jersey Division of Investment sees opportunity in the slow exit market, treating re-ups and new opportunities equally. ENPAV, an Italian pension fund, released an RFP for private equity co-investment. MMAA of South Korea is looking to commit KRW 300bn to domestic blind-pool PE/VC funds. Korea Post Insurance seeks KRW 60bn for domestic blind-pool VC funds. Carlyle picked up a minority stake in Prime Capital Financial as Abry Partners exited the $50bn AUM wealth platform. Allianz posted record Q2 operating profit, with €39bn of net inflows driving asset-management AuM to a record €2.16tn.

Sector Trends & Analysis

‘Bear hugs’ are on the rise in UK take-privates, as hostile approaches become more common. A piece on continuation vehicles argues that assessing a quick-flip CV on hold period alone is an imperfect metric. Bernard Arnault installed Aymeric Le Clere as CEO of Financière Agache, the €3.1bn holding vehicle that controls LVMH. The tech layoffs tracker shows over 127,000 workers at US-based tech companies were laid off in 2025, with cuts continuing into 2026. Finally, Sifted’s guide to 7 Paris spots for meeting founders and VCs highlights the city’s growing ecosystem. Top junior VCs to watch in Europe, according to partners, were also profiled.