Private Equity 3 Hours

Last updated: June 19, 2026, 5:30 AM ET

Deal Activity & Market Strategy

European private equity invested £11bn as EQT secured a takeover of testing and certification giant Intertek, a move that underscores the firm's appetite for large-scale industrial assets. Simultaneously, JF Lehman expanded its portfolio by acquiring a business focused on nuclear navy support, signaling a strategic pivot toward defense-adjacent infrastructure.

Investors are increasingly betting on scarcity as the AI build-out continues to diverge from historical tech bubbles. Analysts suggest that private capital allocations should prioritize physical infrastructure and rare assets, projecting that long-term asset inflation will favor those who control essential resources rather than speculative software plays.