Private Equity 8 Hours

Last updated: August 5, 2026, 5:32 PM ET

Dealmaking and Acquisitions in Private Equity

KKR-backed FGS acquired Rich Feuer Anderson, a bipartisan government affairs firm, marking FGS's second such acquisition. Bodycote plc confirmed that it has received two competing cash offer proposals, one from CVC and another from Veritas Capital Fund IX, as detailed in a Rule 2.4 statement to the London Stock Exchange. Veritas is also set to acquire environmental consultant Trinity Consultants from Oak Hill, which originally purchased Trinity in 2021. In a significant transaction, PE-backed Context Logic is acquiring chemicals manufacturer gChem from Eagle Tree for $850 million.

Venture Capital and Strategic Investments

Moove has raised $250 million to bolster its role in the autonomous vehicle fleet management sector, with plans to eventually own Waymo robotaxis. Lightspeed partners Machiz and Claire Zau discussed their social media strategies and podcast, Lightwork, on the Equity studio. Yann LeCun has joined a new venture capital firm backed by 244 limited partners. Clearlake is partnering with OpenAI, following a trend of private equity firms like Blackstone, TPG, and EQT actively engaging with AI businesses. Ryan Moore venture capital investor and seed investor in Draft Kings, has closed on $78.5 million for Revenant Ventures' debut fund.

Fund Performance and Asset Management

Carlyle's chief Harvey Schwartz indicated on the firm's Q2 2026 earnings call that the company increasingly views Alp Invest as more of a corporate finance business than a standalone secondaries unit. Carlyle's strong earnings quarter was driven by significant realisations, with its US buyout strategy distributing capital at more than double the industry rate. GSAM is reportedly preparing Divcon Controls for sale, with Divcon providing building management and electrical power monitoring systems for data centers and other critical facilities.

High-Value Transactions and Market Trends

Clearlake co-founder Behdad Eghbali is nearing a record $3.9 billion deal for the San Diego Padres, which would represent the most expensive franchise sale in Major League Baseball history. The music industry is experiencing an "exceptionally active" market, according to Reed Smith's Josh Love, with Thoma Bravo planning to sell Command Alkon to FP.