Private Equity 3 Hours

Last updated: August 4, 2026, 11:32 AM ET

Private Equity Dealmaking and Fundraising

Nordic Capital agreed to acquire BWX Technologies' medical business for approximately $800 million. This transaction is a strategic bet on the radiopharmaceuticals sector, with Nordic Capital aiming to expand BWXT's capabilities and market presence. Separately, Met Life Investment Management has closed its third managed secondary fund, Met Life Investment Private Equity Partners Fund III, with $1.2 billion in capital raised. Lexington Partners was the lead investor in this transaction, which involved a portfolio of funds and co-investments with a net asset value of $1.8 billion.

Apollo is reportedly halfway to its fundraising target for Fund XI, a flagship fund aiming to raise between $22 billion and $25 billion. The firm began its capital raise for this fund in February. In other investment news, BV Investments has partnered with the leadership team of workforce compliance service provider Thomas & Company to support its future growth. AshGrove has also invested in 10x Banking, a company that offers cloud-native core banking technology designed to help financial institutions modernize their infrastructure.

Venture Capital and Strategic Investments

Andreessen Horowitz (a16z) has backed Happy Robot, valuing the company at $1.2 billion. The European Union has officially launched its €5 billion technology superfund, signaling a significant commitment to boosting its tech sector. Private equity firms are also showing increased interest in naval shipbuilding contracts. This growing interest is exemplified by Sheridan Capital Partners' acquisition of Carolina Components Group, a supplier of custom-engineered bioprocessing assemblies. Additionally, KKR is set to take Integer Holdings private in a deal valued at $5.7 billion.