Private Equity 8 Hours

Last updated: June 25, 2026, 11:30 AM ET

Buyouts & Acquisitions

Permira and Warburg Pincus are taking cloud analytics provider Clearwater Analytics private in an $8.4 billion deal, supported by Francisco Partners and Temasek. In a separate transaction, CVC Capital Partners is set to invest in the online chess platform Chess.com, with existing backer General Atlantic retaining a stake. Quadrivio & Pambianco and Capdesia Group are acquiring 100% of Italy's largest fast-casual pizza chain, Alice Pizza, which boasts 231 locations. The Sterling Group is selling its sustainable building products company Tangent to Platinum Equity, while Reverence Capital Partners is backing the CPA firm Eide Bailly. Elsewhere, Advent International is making its Japan debut with the buyout of home care provider Japan Wellbeing from MBK Partners, and HSG has completed its acquisition of luxury sneaker brand Golden Goose, with Temasek joining as a minority shareholder.

Fund Activity & Strategy

Ohio's State Teachers Retirement System is prioritizing liquidity, pacing its private equity commitments for fiscal year 2027 to address a $4 billion annual deficit. In other fund news, Ambienta is exiting its investment in French environmental services firm Cap Vert to Gimv, and Tikehau is selling its stake in Aubert & Duval to aerospace giants Airbus and Safran. Bessemer-backed Taco Bell franchisee Mas Restaurant Group is selling 43 Ohio locations to Southpaw, while Omni is expanding its portfolio company Infoshare with the acquisitions of 3C Consultants and Infoboss, which provide data governance software.

Venture Capital & Growth

Health unicorn Alan has secured €480 million in a Series G funding round led by Prosus. Meanwhile, digital bank N26 has achieved profitability following a leadership shakeup, signaling a potential shift towards sustainable growth in the fintech sector. The European AI landscape is seeing founders focus on long-term development, with "the best founders aren’t building for the next funding round," according to Sifted analysis. This contrasts with a broader trend where Cursor deals are putting the U.S. on track for a record startup M&A year.

Sports & Real Estate

Blue Owl Capital is reportedly in advanced talks to acquire a minority stake in the NBA's Cleveland Cavaliers. In Japan, Blackstone and Bain Capital are advancing in the second round of bidding for Fuji Media Holdings' $6.3 billion property arm, a deal that could become the country's largest real estate transaction.

Automotive & Industrial

Bain Capital is acquiring a 51% majority stake in Everllence, a Volkswagen Group carve-out specializing in propulsion and decarbonization products for the maritime, energy, and industrial sectors, in a deal valued at €7.4 billion. This transaction was also noted in a broader PE Hub update.