Private Equity 3 Hours

Last updated: April 13, 2026, 5:30 AM ET

Private Equity Dealmaking Shifts & Strategy Retreats

Eurazeo agreed to buy industrial maintenance firm Netco from Ardian, continuing a trend of specialized asset transfers within the mid-market sector, according to reports. This transaction comes as large funds seek specific edges, evidenced by Warburg Pincus launching a dedicated European defense investment platform to capitalize on geopolitical spending shifts. Separately, Thoma Bravo is winding down its growth equity strategy, choosing to run off its existing Growth Fund rather than raising a successor vehicle following the departure of the unit's two co-heads, signaling a strategic retreat from that particular investment style.