Private Equity 3 Days

Last updated: August 9, 2026, 2:39 AM ET

Mega-Buyouts and Take-Privates

Apollo Global Management has landed a recommended cash offer for easy Jet, valuing the FTSE 100 airline at approximately £5.7bn after a fast-moving four-week bidding contest. The deal underscores the rising trend of “bear hugs” in UK take-privates. Separately, KKR has agreed to acquire Medicover India, adding a 24-hospital multi-specialty network to its healthcare portfolio. Carlyle is picking up a minority stake in Prime Capital Financial from Abry Partners, exiting a $50bn AUM wealth platform after three years. Partners Group has agreed to acquire a majority stake in AVK Power Solutions, a Maidenhead-based provider of power systems for data centers that has delivered more than 20,000 projects.

Private Credit and Continuation Vehicles

Pantheon has 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 as of December 2025. The new vehicle will house over $500m of debt positions, as reported by Secondaries Investor. Ares Management is leading a $2.2bn direct loan to finance Med Impact Holdings’ acquisition of Puerto Rico-based Medical Card System, according to Bloomberg.

Secondaries Market Momentum

The GP-led secondaries market dominated the first half of the year, driven by fundraising and expansion into new asset classes, as explained in Secondaries Investor. G Squared has secured $2.3bn for its seventh flagship fund, about twice the size of its previous vehicle and raised in half the time. Within infrastructure, the single-asset secondaries market is blooming, but discipline and entry valuations remain critical, according to Stafford. Danish pension fund Industriens Pension is mulling adding more infra secondaries exposure and has committed to all five Pantheon-managed vehicles.

Healthcare and Clinical Workforce Services

Private equity firms are targeting tech-enabled healthcare workforce services. Accel-KKR, Bain and Knox Lane are among those betting on the sector, with eight deals tracked by PE Hub. Eir Partners has invested in Claims Bridge and supported the add-on of Dialysis PPO. Tortuga Growth Partners has invested in Advanced eClinical Training out of its Fund I. Nordic Capital also inked a radiopharmaceuticals deal, while Accel-KKR, Bain and Knox Lane lead a clinical workforce push.

Infrastructure and Energy Deals

LS Power is set to acquire the Brazos Valley gas-fired power plant from Constellation, satisfying a regulatory divestiture commitment. Sunoco has agreed to acquire Offen Petroleum from Court Square for $600m, a fuel distributor delivering 2.5 billion gallons annually. Veritas Capital has agreed to acquire Saber Power Services from Greenbelt, a vertically integrated power infrastructure platform. Arlington-backed TRP Infrastructure has closed five add-on deals to form a new highway plastics division called Gulf Highway Materials.

Technology and Venture Capital

Verdane has made a majority investment in Factbird, a Danish IoT and manufacturing intelligence company. Nexa Equity-backed Facility Grid has acquired PingCx, an autonomous commissioning company, introducing a three-product strategy. Active startup investors kept up the pace in July, with familiar names like Khosla and Y Combinator topping dealmaking ranks. Y Combinator’s growing class of repeat founders shows second-timers are increasingly common, based on a dataset of 454 founders. A16z has expanded its European scout network to over 30 scouts hunting for deals.

European and UK Activity

Wise Equity has inked an agreement to acquire E-Pharma Trento, which may explore bolt-on acquisitions. Partners Group is in talks to buy beauty business Aroma-Zone from Eurazeo, while CVC and Veritas Capital vie for Bodycote. Red Bird’s Affinia has added Wilson Partners in a UK accounting tie-up. Bernard Arnault has installed Aymeric Le Clere as CEO of Financière Agache, the €3.1bn holding vehicle for LVMH control. The UK has expanded its talent visa to more than 100 companies. Queen Mary University of London’s spinouts are looking to raise capital. Pleo is facing a culture crisis amid an executive exodus and sale speculation. Lendable is chasing the superapp dream, constrained more by capacity than ideas.

Add-On Acquisitions and Platform Builds

Copley Equity-backed FMG Leading has snapped up Broadbranch Advisors in a deal closed at the end of July. MPK Equity-backed Gorgeous Collective has acquired Clean Your Dirty Face, its first acquisition since launching in 2026. Broad Sky has grown Smith + Howard 4x before exiting to TPG, with the business being durable in good and bad times, according to CEO Tyler Zachem. Goldman Sachs is lining up Divcon for sale.

Investor Intentions and Fundraising

Italian pension fund ENPAV has released an RFP for private equity co-investment. MMAA in South Korea seeks to commit 300bn won to domestic blind-pool PE/VC funds for 2026. Korea Post Insurance is targeting 60bn won in domestic blind-pool venture capital funds. New Jersey’s pension fund sees opportunity in the slow exit market, with CIO Shoaib Khan treating re-ups and new opportunities equally. Allianz’s Q2 was driven by €39bn asset management inflows, pushing third-party AuM to a record €2.16tn. Mega-firms are defying fundraising headwinds, as reported in PE International, while the shorter the hold period in continuation vehicles, the higher the burden, according to PE International.

Venture Funding and Emerging Managers

This week’s 10 biggest funding rounds featured three companies securing $1bn or more, with a robust lineup across sectors. The top junior VCs in Europe have been identified by partners, highlighting emerging talent.