Private Equity 8 Hours

Last updated: April 2, 2026, 5:30 PM ET

Healthcare & Technology Transactions

The healthcare sector remains a focal point for private equity deployment, evidenced by several recent takeovers designed to enhance technological capabilities and scale operations. 5CP-backed Radon acquiring Majestic Medical Solutions aims to expand its geographic reach and service offerings, while the combination of New Mountain- and Francisco Partners-backed Office Ally and Jopari Solutions seeks to modernize administrative workflows through automation and electronic processing. Concurrently, Goldman Sachs-backed Liquid Environmental expanded its non-hazardous wastewater network by purchasing New Orleans Grease Trap Cleaning, suggesting a sustained appetite for essential service infrastructure roll-ups. Furthermore, Windrose Health Investors, managing approximately $7 billion in assets, launched a new technology services team to support its healthcare investments, signaling a strategic shift toward digital integration within portfolio companies.

Mid-Market & Sector-Specific Acquisitions

Activity across the mid-market saw EagleTree Capital purchasing The Opus Group from Growth Catalyst Partners, with plans to accelerate growth through both organic initiatives and strategic tuck-in acquisitions. In M&A involving specialized services, Antin secured a deal to buy LNG service provider Sapphire Gas Solutions from Apollo, demonstrating continued investment in energy transition and infrastructure services. Elsewhere, DC Partners-backed PK Cos. acquired Pro-Surve Technical Services, merging their respective technology platforms, Intelli SPEC and Pro-Vision. Separately, American Pacific Group made a strategic investment in Dossier, a fragrance firm boasting over 150 retail and digital stock-keeping units, indicating interest in consumer brands with diversified sales channels.

Fundraising, Operations, and Personnel Moves

Firms are also securing capital and building out internal expertise as fundraising dynamics evolve. Ares Management successfully closed $5.4 billion across its value-add real estate strategies in the US and Europe, capitalizing on perceived recovery trends in property markets. On the venture side, Milwaukee-based Gateway Capital announced the first close of its $25 million Fund II, allowing it to commence new investment operations. Personnel advancements include Frazier Healthcare elevating Ryan Lucero and Christina Reszka to general partner; the firm has previously raised over $11 billion for its funds. Meanwhile, state pension systems are exploring technological efficiencies, as the Florida SBA nears selection for an AI vendor to streamline data workflows, which CIO Lamar Taylor noted could free staff to analyze complex distributions like dividend recaps and CVs.

Secondaries, Strategy, and High-Profile Exits

The structure of capital deployment and liquidity is evolving, with structured solutions gaining traction. Carlyle is reportedly executing a live deal that pushes the boundaries of structured solutions for GPs seeking fundraising or liquidity pathways. This interest in sophisticated financial engineering is mirrored by LPs' increasing focus on technology, as evidenced by Temasek's pioneering work in collateralised fund obligations dating back to 2006, which continues to attract institutional interest. In the realm of high-stakes operational turnarounds, Sycamore Partners is projecting a $4 billion profit target at Walgreens following its $10 billion take-private acquisition, aiming to effectively double the retailer's profitability. Finally, the infrastructure secondaries market is seeing new entrants, with the BNP Paribas AM Alts team holding a first close on its debut infrastructure fund after building a seed portfolio last year.