Private Equity 8 Hours

Last updated: July 6, 2026, 5:31 AM ET

Private Equity Dealmaking & Fundraising

Warburg Pincus exit Singular Bank, agreeing to sell its stake in the independent wealth advisory firm to a consortium led by ING. This move signals a shift for the firm, which focuses on private banking for individuals, families, and business owners. In a significant carve-out, Lone Star agreed to acquire Conti Tech, the rubber and thermoplastics division of Continental AG, for €4 billion. This deal highlights continued large-scale M&A activity within the sector, even as financing costs remain elevated.

Fundraising remains active, with CVC Capital Partners closing its European-focused mid-market fund, Catalyst III, at approximately €3 billion, nearly double its initial target. Similarly, Eurazeo surpassed its target for its largest-ever secondaries vehicle, raising €2.3 billion, more than double its predecessor fund. These successful closes indicate strong LP appetite for specialized strategies and established managers, despite broader macroeconomic uncertainties.

Opportunities in specific sectors continue to draw investor focus. Foresight is eyeing industrial decarbonization prospects, with managing partner Dan Wells citing a "strong flow of opportunities across decentralized energy systems." While macroeconomic headwinds and higher financing costs influence pricing, Wells noted that the "underlying structural drivers remain firmly intact." Meanwhile, China's private equity market is undergoing a "reset," with expectations for a more disciplined opportunity set for investors who maintain conviction in the region's long-term potential as PE activity repositions.