Private Equity 3 Hours

Last updated: May 19, 2026, 2:30 PM ET

Deal Activity & Valuations Closed a $7‑per‑share buyout as Leonard Green finalized the take‑private of Mister Car Wash, lifting the car‑wash chain to an enterprise value of $3.1 billion. The low‑multiple price reflects Leonard Green’s strategy to consolidate fragmented services businesses while leveraging steady cash flow for debt repayment. In a parallel move, secured a packaging distributor acquisition when Kelso‑backed Novvia added APC Packaging to its roster of rigid‑container and life‑sciences distributors, expanding its footprint in a niche market that has seen rising demand for specialty packaging amid biotech growth.

Strategic Exits & Fund Wins Exited a sports‑franchise stake as Blue Owl co‑founder Doug Ostrover sold his remaining share in the Washington Commanders back to the Josh Harris‑led ownership group, a transaction prompted by mounting pressure in the private‑credit market that has constrained liquidity for large‑ticket investors. Meanwhile, captured a €5 billion EU super‑fund when EQT was awarded the continent’s flagship growth‑capital vehicle, positioning the firm to deploy capital across Europe’s tech and sustainability sectors and underscoring the firm’s expanding role in large‑scale public‑private partnerships.