Private Equity 3 Hours

Last updated: July 16, 2026, 5:30 AM ET

European PE Deals Advance

CVC Capital Partners and Groupe Bruxelles Lambert have secured backing from Recordati's board for their €51.29 per share takeover offer, with independent directors formally endorsing the bid for the Italian drugmaker. Separately, agreed acquire in German laboratory testing business GBA Group, a deal that spans environmental, food, and life sciences markets. expanded portfolio by adding Milanese real estate developer Borio Mangiarotti, known for its work in urban regeneration.

UK Firm Takes Photonics Private

Partners set optical specialist Gooch & Housego private in a £345.6 million transaction. The U.K.-based firm focuses on designing, testing, and manufacturing optical components for the aerospace, defense, industrial, and life sciences sectors. This move comes as Montagu's Christoph Leitner-Dietmaier noted that carve-out complexities can create advantages in the private equity space. The acquisition of GBA Group by Bridgepoint also highlights the ongoing activity in complex carve-out scenarios.