Private Equity 3 Hours

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

European & Asia-Pacific Deal Flow

Private equity activity across Europe showed consolidation in professional services and infrastructure sectors as firms pursued strategic bolt-on acquisitions. Axcel-backed AGRD Partners expanded its Nordic legal footprint by acquiring Iceland’s BAA Fjeldco, adding to its existing network of Scandinavian law firms including Allié and Synch. Separately, Mutares finalized the divestiture of Relobus, a major Polish public bus transport operator, selling the asset to infrastructure fund Infracapital. The momentum continues in specialized services, with HIG Capital-backed Avanta Salud announcing its intention to acquire Iberian occupational health provider Vitaly Group to bolster its presence in the Spanish and Portuguese healthcare markets.

Large-Cap Buyouts & Asset Management Shifts

Major asset managers continued to reshape portfolio companies through complex take-privates and strategic mergers. EQT secured a breakthrough in its bid to take Intertek private, a London-listed ATIC services provider, amidst broader comments from Mubadala’s Zouhir Regragui that capital allocation is currently being dictated by supply-demand imbalances in private markets. In the U.S., Apollo agreed to acquire Emerald Holding and Questex in separate transactions, signaling plans to merge the two B2B events businesses into a single entity valued near $1.5bn. Meanwhile, European tech focus remains strong, evidenced by the anticipation surrounding AI leaders gathering at the Nexus Luxembourg 2026 summit, drawing significant interest from global growth equity funds.