Private Equity 8 Hours

Last updated: August 6, 2026, 5:32 PM ET

Private Equity Dealmaking Activity

Copley Equity-backed FMG Leading has acquired Broadbranch Advisors, with the deal closing at the end of July. Sunoco is set to acquire Offen Petroleum, a Court Square-backed oil transporter, for $600 million. Offen Petroleum operates a fuel distribution network that delivers approximately 2.5 billion gallons annually to about 7,000 customers. MPK Equity-backed Gorgeous Collective has acquired Clean Your Dirty Face, marking the first acquisition for Gorgeous Collective since its launch earlier in 2026. Tortuga Growth Partners has made an investment in Advanced eClinical Training, with the investment coming from Tortuga Growth Partners Fund I, L.P. Nexa Equity-backed Facility Grid has acquired Ping Cx, an autonomous commissioning company, as part of a new product strategy. This strategy centers on three integrated offerings: FG Construct, Validate, and Sustain. Arlington-backed TRP Infrastructure has closed five add-on deals to establish a new highway plastics division, with these targets being integrated into a new TRP platform named Gulf Highway Materials.

Infrastructure and Energy Sector Investments

Significant transactions are occurring within the infrastructure and energy sectors. LS Power is acquiring the Brazos Valley gas-fired power plant from Constellation. This transaction fulfills a regulatory divestiture commitment linked to Constellation's 2025 acquisition of Calpine. Partners Group is acquiring a majority stake in AVK Power, which has delivered over 20,000 projects and installed approximately 3.5GW of power for data centers across Europe's FLAP-D markets. GSAM is lining data center contractor Divcon up for sale, according to sources.

Credit and Financial Services Transactions

Activity in private credit and financial services includes notable transactions. Ares Management is leading a $2.2 billion direct loan to support Med Impact Holdings' planned acquisition of Medical Card System, a Puerto Rico-based entity. Pantheon is backing a new credit continuation vehicle for BlackRock BDC, which will hold over $500 million in debt positions from TCPC. The pricing for this vehicle is set at 95% of its gross fair value as of December 31, 2025. Broad Sky closed the sale of its professional services firm Smith + Howard to TPG.

Investor Intentions and Market Dynamics

Investor intentions reveal a focus on private equity and infrastructure secondaries. ENPAV has released a request for proposals seeking private equity co-investment opportunities. MMAA is looking to commit 300 billion Korean won to domestic blind pool private equity and venture capital funds for 2026. The Danish retirement scheme Industriens Pension favors indirect investments in infrastructure secondaries and has made commitments to all five infrastructure secondaries vehicles managed by Pantheon. The GP-led market has shown dominance in the first half of the year, driven by fundraising and expansion into new asset classes, despite market volatility. The UK has expanded its talent visa program to include more than 100 companies. Apollo has secured a recommended cash offer for easy Jet, valuing the FTSE 100 airline at approximately £5.7 billion in a significant European take-private deal.