Private Equity 3 Hours

Last updated: April 9, 2026, 5:30 PM ET

Private Equity Deal Flow & IPO Activity

Avista acquired Bentech Medical from sellers Greyrock and Hermitage Equity Partners, continuing the trend of middle-market healthcare consolidation observed this quarter. Concurrently, Gryphon-backed Caylent expanded its footprint by purchasing Pronetx, an Amazon Web Services partner, signaling PE focus on bolstering cloud service provider capabilities. Meanwhile, Madison Dearborn-backed Aevex, a drone technology firm based in Solana Beach, California, is testing public market appetite by setting its initial public offering pricing terms, suggesting a window remains open for high-growth defense technology exits.