Private Equity 3 Hours

Last updated: May 4, 2026, 2:30 PM ET

Dealmaking & Portfolio Activity

Middle-market activity saw PE-backed Vasco expand its sports facility footprint by absorbing both Howard B. Jones & Son Inc., a tennis and pickleball contractor, and Court Surfaces of Florida, signaling continued consolidation in specialized recreational infrastructure. Separately, Carlyle Group acquired two health tech firms, Knack RCM and Equalize RCM, with founders of both companies rolling over a portion of their proceeds, suggesting confidence in the combined entity's growth trajectory post-acquisition. In divestitures, SK Capital concluded the sale of its API manufacturing assets, Noramco, Extractas Biosciences, and Purisys, to Siegfried Holding, while the firm maintains control over its finished-dose CDMO business, Halo Pharmaceuticals.

Capital Markets & Personnel

In primary offerings, Lewisville, Texas-based emergency medical service provider GMR has set its IPO pricing terms, moving toward a public debut in a market receptive to stable, essential service providers. Meanwhile, the secondary market saw recognition for rising talent, with professionals from Step Stone, LGT Capital Partners, and Kirkland & Ellis featuring prominently on Private Equity International's "Future 40 Leaders" list, indicating where future deal flow influence may reside.