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Private Equity 3 Hours

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3 articles summarized · Last updated: LATEST

Last updated: April 24, 2026, 5:30 AM ET

European Tech & AI Consolidation

Private equity activity in European artificial intelligence saw a major development as Aleph Alpha struck a $20 billion merger deal with Canadian counterpart Cohere, signaling accelerated consolidation in the generative AI sector. This move, which combines two major European and North American foundation model developers, comes as infrastructure funding continues to flow into the region; separately, Verda secured €100 million in new capital specifically earmarked for building out European hyperscaler capacity, with plans to onboard over 100 new staff and enter new geographic markets.

Industrial & Gaming Transactions

In parallel dealmaking, the industrial services sector saw activity as an Allied Industrial-backed platform, CES Power, finalized three acquisitions in Ireland—namely GH Energy Rental, Event Power, and Purecore—to expand its footprint. Furthermore, advisors anticipate a wave of coming transactions within the private equity-backed video gaming space, with Drake Star forecasting sizable M&A activity in that segment shortly, suggesting a continued appetite for digital entertainment assets despite broader market caution.