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Private Equity 3 Hours

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12 articles summarized · Last updated: LATEST

Last updated: May 11, 2026, 8:30 AM ET

Mid-Market Deal Flow & Exits

Private equity dealmaking saw several new transactions emerge, including Apollo Global Management’s move to acquire live events firms Emerald Holding and Questex for a reported $1.5 billion, taking Emerald private. In the Nordic region, Altor announced plans to acquire a majority stake in Sertion, a specialist in complex pipework services for infrastructure, while concurrently launching an offer for AI-powered sleep tracking application maker Sleep Cycle Altor launches offer. Elsewhere, LDC completed an exit in the construction data sector, selling building cost and carbon data provider BCIS to Bowmark Capital, while Paceline plans to sell its railroad equipment leasing firm RELAM, targeting a closing date by the end of May 2026.

Sector Focus: Industrials & Services

The drive into specific services and infrastructure continues, with Pollen Street Capital moving to acquire a majority stake in a newly formed home services group combining Hometree and OVO Energy’s Home Services division. This activity comes as managers express confidence in certain segments; KKR highlighted that employee ownership contributed to a recent 15x exit outcome, suggesting strong incentive alignment is paying off even as mid-market managers observe pockets of stress elsewhere. In contrast, Dynasty Equity’s Don Cornwell noted that business models are finally aligning with the high passion levels seen in sports investments, citing holdings like Liverpool FC and TMRW Sports.

Investor Mandates & European Strategy

Limited partners are adjusting their commitments based on recent performance and macroeconomic outlooks. DBJ Asset Management indicated plans to actively increase its private equity exposure, with intentions to pursue new General Partner partnerships starting in 2026. Across Europe, capital deployment is being eyed for strategic resilience, as M&G believes private markets can effectively bolster energy resilience, finance manufacturing conversions, and catalyze the technology sector, particularly near defense spending initiatives. This focus on high-growth European scaleups contrasts with specialized technology funding areas, where sources suggested European quantum development is currently centered around large SPAC mergers and megaround financing SPACs and megarounds.