Private Equity 3 Hours

Last updated: April 20, 2026, 2:30 PM ET

Private Equity Deal Flow & Exits

Blackstone's potential exit from sandwich chain Jersey Mike’s Subs is materializing via an initial public offering that could value the company at approximately $8 billion, signaling a significant liquidity event for the asset manager. Concurrently, deal activity saw RedBird Capital acquire Affinia, a fully-integrated UK accounting services platform, demonstrating continued private equity interest in professional services infrastructure across Europe. In the technology sector, CuspAI securing funding at a unicorn valuation—reportedly raising $200 million—suggests high-growth AI startups remain attractive targets despite broader capital market caution 3.

In middle-market transactions, Steele Solutions expanded its footprint through the acquisition of Maysteel Industries, a move facilitated by its backer, Revelar-backed firm. Under Revelar's ownership, Steele Solutions has actively pursued inorganic growth, augmenting its existing product categories via targeted mergers and acquisitions to build out its specialized manufacturing base. These transactions underscore a bifurcated market where established consumer brands and niche industrial/tech roll-ups continue to draw substantial capital commitment 2, 3, 4.