Private Equity 8 Hours

Last updated: June 23, 2026, 2:30 PM ET

Dealmaking Activity & Sector Focus

Platinum Equity is the sole remaining bidder for Nestlé's water business after CD&R withdrew, signaling continued interest in large-scale consumer asset sales. The firm is also acquiring manufacturer Tangent Technologies, expected to close in the third quarter of 2026. Meanwhile, CVC Capital Partners is exploring a potential €6 billion exit from Cooper Consumer Health, with Stada reportedly circling as a buyer. The live events sector is also witnessing significant private equity attention, with Apollo, Hellman & Friedman, and Platinum Equity investing in the space, which is projected to exceed $1.2 trillion by 2032. In technology, Apheon is set to acquire Belgian managed IT services provider Easi, which serves over 1,500 clients.

Fundraising & Investment Strategies

Allianz Global Investors has secured $744 million at the first close of its third Asia Pacific private credit fund, Allianz Asia Pacific Secured Lending Fund III. In the secondaries market, Pantheon has surpassed its fundraising target for its infrastructure secondaries fund, with Ardian also raising a flagship fund of considerable size. Reverence Capital is investing in accounting firm Eide Bailly to fuel its expansion and service innovation. L Catterton has taken a significant minority stake in clean haircare brand RŌZ, and Great Hill is investing in pet grooming franchise Woof Gang Bakery & Grooming, with Garnett Station Partners remaining a key investor.

Healthcare & Niche Markets

Brightstar Capital has acquired Erdman, a healthcare architecture firm, which will operate as an add-on to its portfolio company KZF Design. In the life sciences sector, PE-backed Life Science Connect is forming a biopharma outsourcing platform through the acquisition of Pharma Source and CDMO Live. Incline Equity has invested in West Physics, a provider of testing services for medical imaging equipment. Juniper Capital is backing AV systems design firm Bug ID, with founder Matt Lavine retaining a substantial equity stake.

Capital Allocation & Market Sentiment

The Virginia pension fund has reduced its private equity target allocation for the first time in over 15 years, citing volatility concerns. This cautious approach contrasts with other market participants, as KKR-owned Arctos partners with a college sports district for a $288 million development project, highlighting continued appetite for specific growth areas. In Japan, a tax overhaul may provide a short-term boost to M&A transactions ahead of 2027 changes. Additionally, limited partners are observing a growing trend of general partners utilizing side letters and bespoke special purpose vehicles, which is creating operational challenges.

Public Offerings & Firm Movements

Italian software acquirer Bending Spoons, employing a private equity-style model, is seeking to raise as much as $1.62 billion in an initial public offering. In a significant executive move, TPG has appointed Axel André as its new CFO, effective July 2026, while current CFO will lead the firm's wealth business. Meanwhile, drone startup Stark has confirmed a €500 million fundraising round backed by investors including Sequoia and Founders Fund, indicating ongoing venture capital support for technology innovation.