Private Equity 3 Days

Last updated: August 8, 2026, 5:43 PM ET

Mega-Deals & Take-Privates

Apollo secured a recommended cash offer for easy Jet valuing the FTSE 100 airline at £5.7bn, ending a four-week bidding contest. The deal underscores the rising use of "bear hugs" in UK take-privates. Meanwhile, Partners Group agreed to acquire a majority stake in AVK Power Solutions, a provider of power systems for data centers. KKR took control of Medicover India’s 24-hospital network, adding a scaled multi-specialty platform to its healthcare portfolio. Carlyle picked up a minority stake in Prime Capital Financial from Abry Partners, exiting one of the fastest-growing independent wealth management firms with $50bn in AUM.

Healthcare & Life Sciences

Private equity firms are pushing technology into healthcare workforce services. Eir Partners invested in Claims Bridge and supported the add-on of Dialysis PPO. A separate roundup lists eight deals where Accel-KKR, Bain and Knox Lane are active. The same theme appears in an article covering Nordic Capital’s $800m take-private of BWXT’s nuclear medicine business. In pharma distribution, Wise Equity agreed to acquire E-Pharma Trento, with plans for bolt-on acquisitions. 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, and Verdane made a majority investment in Factbird, a Danish IoT manufacturing intelligence company.

Infrastructure & Energy

Sunoco agreed to acquire Court Square-backed Offen Petroleum for $600m, a fuel distributor delivering 2.5bn gallons annually to 7,000 customers. LS Power is acquiring the Brazos Valley gas-fired power plant from Constellation, satisfying a regulatory divestiture. Veritas is acquiring Greenbelt-backed Saber Power Services, a vertically integrated power infrastructure platform. Goldman Sachs Asset Management is lining up data center contractor Divcon for sale, while Smith + Howard was grown 4x by Broad Sky before its exit to TPG. Arlington-backed TRP Infrastructure closed five add-on deals to form a new highway plastics division called Gulf Highway Materials.

Technology & Business Services

Nexa Equity-backed Facility Grid acquired autonomous commissioning company Ping Cx, adding AI capabilities. Bernard Arnault installed Aymeric Le Clere as chairman and CEO of Financière Agache, the €3.1bn holding vehicle that anchors the family's control of LVMH. Partners Group is in talks to buy beauty brand Aroma-Zone from Eurazeo; CVC and Veritas Capital are also vying for Bodycote. RedBird’s Affinia added Wilson Partners in a UK accounting tie-up. Copley Equity-backed FMG Leading snapped up Broadbranch Advisors. MPK Equity-backed Gorgeous Collective acquired Clean Your Dirty Face in its first deal since launch.

Private Credit & Secondaries

The continuation vehicle market is active. Pantheon bought $523m of BlackRock TCP Capital’s private credit book in a landmark BDC continuation vehicle. A separate Secondaries Investor report notes the vehicle will house over $500m of debt positions priced at 95% of gross fair value. G Squared secured $2.3bn for its seventh flagship venture secondaries fund, double the size of its prior vehicle and raised in half the time. GP-leds dominated H1 secondaries, driven by fundraising and expansion into new asset classes. A PE International analysis warns that shorter hold periods in continuation vehicles create higher burdens for sponsors. In infrastructure, single-asset secondaries are growing as both liquidity tools and access strategies.

Fundraising & LP Activity

Allianz posted record Q2 operating profit, with €39bn in net inflows pushing third-party asset management AuM to €2.16tn. New Jersey’s pension fund sees opportunity in the slow exit market, evaluating re-ups and new opportunities equally. Italian pension fund ENPAV released an RFP for private equity co-investments. MMAA seeks to commit 300bn Korean won to domestic blind-pool PE/VC funds. Korea Post Insurance plans 60bn Korean won for domestic blind-pool VC funds. Industriens Pension mulls adding more infrastructure secondaries exposure, having committed to all five Pantheon infra secondaries vehicles. A Side Letter notes mega-firms are defying fundraising headwinds, while OMERS plans a fivefold increase of its private equity portfolio.

Startup Funding & Venture Trends

This week’s 10 biggest funding rounds featured three startups raising $1bn or more. July saw no summer doldrums for active venture investors, with Khosla and YC leading deals. A16z now has over 30 venture scouts hunting for deals across Europe. Y Combinator’s repeat founder class is growing, with analysis of 454 repeat founders. Lendable is chasing a superapp dream, constrained more by capacity than ideas. QMUL spinouts are looking to raise capital. Pleo faces a culture crisis with executive exodus and sale speculation. Europe’s 50 most active equity investors in H1 2026 were identified. Top junior VCs in Europe were highlighted by partners. The UK expanded its talent visa to over 100 companies. For those visiting Paris, there are 7 spots to meet founders and VCs.