Private Equity 3 Days

Last updated: August 8, 2026, 11:39 PM ET

Private Equity

Apollo has secured a recommended £5.7bn cash offer for easy Jet, ending a four‑week bidding contest. The deal marks one of the largest European take‑privates this year. Separately, KKR agreed to acquire Medicover India, a 24‑hospital multi‑specialty network, adding scale to its healthcare portfolio. Partners Group is buying a majority stake in AVK Power Solutions, a provider of power systems for data centers that has delivered more than 20,000 projects and installed ~3.5GW across Europe. The firm is also in talks to acquire beauty brand Aroma‑Zone from Eurazeo, while CVC and Veritas Capital vie for heat‑treatment specialist Bodycote.

Sunoco is acquiring Court Square‑backed Offen Petroleum for $600m, a fuel distributor delivering ~2.5bn gallons annually to 7,000 customers. Veritas Capital is buying Greenbelt‑backed Saber Power Services, a vertically integrated power infrastructure platform. Carlyle is picking up a minority stake in Prime Capital Financial from Abry Partners, exiting a $50bn‑AUM wealth platform after three years. Wise Equity inked an agreement to acquire E‑Pharma Trento, which may pursue bolt‑on acquisitions to expand manufacturing capacity. Eir Partners invested in Claims Bridge and supported the add‑on of Dialysis PPO, planning organic and inorganic growth. Broad Sky grew Smith + Howard 4x before exiting to TPG; the professional services firm’s tax and audit advisory proved durable.

LS Power is acquiring the Brazos Valley gas‑fired plant from Constellation, satisfying a regulatory divestiture tied to Constellation’s 2025 acquisition of Calpine. GSAM is lining up data‑center contractor Divcon for sale. Verdane made a majority investment in Factbird, a Danish IoT and recurring‑software company for manufacturing intelligence. RedBird’s Affinia added Wilson Partners in a UK accounting tie‑up; Wilson advises SMEs and PE investors.

On the buyout front, ‘bear hugs’ are rising in UK take‑privates, and Partners Group’s AVK deal also reflects demand for data‑centre power assets. Accel‑KKR, Bain, and Knox Lane are betting on clinical workforce services; a radiopharmaceuticals deal was inked by Nordic Capital, which is taking private BWXT’s nuclear med biz for $800m. Private equity firms are driving tech investments in healthcare workforce services, with eight deals noted.

Debt & Private Credit

Ares Management is leading a $2.2bn direct loan to finance Med Impact Holdings’ acquisition of Puerto Rico‑based Medical Card System. The size underscores the firepower of private credit in large‑ticket M&A.

Secondaries

Pantheon is buying $523m of BlackRock TCP Capital’s private credit book in a landmark BDC continuation vehicle. The pricing came at 95% of gross fair value as of Dec 2025. Pantheon also backs the credit CV, housing over $500m of debt positions. The single‑asset secondaries market in infrastructure is blooming, but discipline and entry valuations remain critical. GP‑leds dominated H1 secondaries, driven by fundraising and expansion into new asset classes. The shorter the hold, the higher the burden when assessing quick‑flip continuation vehicles.

G Squared closed a $2.3bn seventh flagship fund, roughly double its predecessor and raised in half the time. Industriens Pension is mulling more infrastructure secondaries exposure, favoring indirect over direct investments.

Fundraising & Institutional

Allianz posted a record Q2 operating profit, fueled by €39bn of net inflows in asset management, pushing third‑party AuM to a record €2.16tn. Mega‑firms are defying fundraising headwinds, as shown in recent earnings. New Jersey sees opportunity in the slow exit market, with CIO Shoaib Khan treating re‑ups and new opportunities equally.

Italian pension fund ENPAV released an RFP for private equity co‑investment. South Korea’s MMAA seeks to commit 300bn won to domestic blind‑pool PE/VC funds, while Korea Post Insurance targets 60bn won for domestic blind‑pool VC funds.

Venture Capital & Startups

A16z has expanded its scout network in Europe, now with 30+ deal hunters. July saw active startup investors keep pace, with familiar names topping dealmaking metrics. Y Combinator is seeing a growing class of second‑time founders; a dataset of 454 repeat founders reveals interesting trends.

Europe’s top 50 most active equity investors in H1 have been ranked. The top junior VCs to watch in Europe have been named by partners. Lendable is chasing a superapp dream, constrained more by capacity than ideas. Pleo faces a culture crisis with executive exodus and sale speculation. QMUL spinouts are looking to raise. The UK has expanded its talent visa to more than 100 companies. For deal‑seeking, 7 spots in Paris are recommended for meeting founders and VCs.

Company & Platform Builds

MKP Equity‑backed Gorgeous Collective acquired Clean Your Dirty Face, its first deal since launch in 2026. Tortuga Growth Partners invested in Advanced eClinical Training out of Fund I. Nexa Equity‑backed Facility Grid acquired autonomous commissioning firm Ping Cx, introducing a new product strategy. 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.

People Moves

Bernard Arnault installed Aymeric Le Clere as CEO of Financière Agache, the €3.1bn holding vehicle that anchors the Arnault family’s control of LVMH.