Private Equity 3 Hours

Last updated: June 26, 2026, 8:30 AM ET

Private Equity Activity

General Atlantic has appointed tennis champion Novak Djokovic as its global strategic advisor, a move that will see him collaborate with firm leadership, portfolio companies, and investors. In a separate development, Permira is nearing an exit from its investment in Reformation, as the sustainable womenswear brand has filed for an initial public offering on the New York Stock Exchange. This filing comes after approximately seven years of backing the brand, signaling a potential lucrative return for the private equity firm.

Bain Capital and LY Corporation are preparing a rival bid for Japan's Kakaku.com, challenging EQT's existing takeover offer for the price-comparison group. This potential bidding war highlights ongoing M&A activity in the technology sector. Meanwhile, ParkSouth Ventures has backed Infinite's acquisition of Greentarget UK, a communications agency specializing in financial and professional services.

The radiology sector is attracting significant private equity interest, with firms including Archimed, HCAP, Hg, and Kain Capital pursuing multiple transactions. Additionally, Norwest has invested in East Range Group, a firm focused on high-purity water systems, with the capital infusion earmarked for expanding its workforce, capabilities, and pursuing new growth avenues. The venture capital community is also focused on increasing funding for Black founders, with six investors sharing their strategies for supporting overlooked entrepreneurs in the final installment of a series on the state of venture investment.