Private Equity 8 Hours

Last updated: August 11, 2026, 2:47 PM ET

Fundraising & Deal Flow

Apollo Sports Capital agreed to invest $2.6bn in Yankee Global Enterprises, the parent of the New York Yankees, for refinancing and growth. Thoma Bravo completed a $466m take-private of Kneat, a digital validation software provider that has now been delisted from the Toronto Stock Exchange. Scaleup Europe, a public-private fund targeting $5.7bn, made its first investment in Finnish satellite company ICEYE. Blue Owl acquired a passive 25% economic stake in tail-end specialist Hollyport, which will remain independent. A broader deal roundup also covered these transactions.

Secondaries & Continuation Vehicles

Monogram completed a continuation fund for beverage company Mountaintop, with Apollo S3 as lead investor. Ardian co-CEO Mark Benedetti said most mispricing opportunities lie in European assets and secondaries, as more European families seek international expansion partners.

Industrial Services & Manufacturing

Lindsay Goldberg took a majority stake in metals distributor Alro Steel, with the founding Glick family retaining significant ownership. THL Partners invested in pavement maintenance firm Pave Masters, buying out Northern Lakes Capital. Godspeed-backed BNP Group acquired cost management firm US Cost Incorporated from Schneider S.E. Clearlake-backed PrimeSource Brands acquired Starborn Industries, a specialty building products provider. Vance Street-backed Keltec acquired AJF Filtration, expanding its filtration solutions. Altamont-backed Big Top Manufacturing acquired Coast to Coast Contracting, adding engineered fabric structures. CCMP Growth-backed Airo acquired Legrande’s Enterprises, a plumbing and HVAC firm for multifamily developers. New Heritage invested in Power Rail, a manufacturer and distributor of aftermarket locomotive parts.

Healthcare & Professional Services

DuneGlass-backed Phase 1 Equity acquired a North Dakota orthodontic practice, expanding its doctor-owned platform. Baymark acquired healthy meal prep company Meal Prep Sunday, its 66th acquisition. Quad-C invested in Paradigm, an occupational safety platform formed from Code Red Safety, Concept Controls, and Haz Tek. Trinity Hunt backed management consulting firm Fisher Management Partners, with leadership remaining.

Venture & AI

Monashees, a leading Latin American VC, is opening a San Francisco office to bridge into Silicon Valley. In an opinion piece, Bob Morse argues that AI-native companies redesign workflows, not just add technology layers.

LP & Institutional News

Plymouth County Retirement Association issued an RFP for a North American private equity manager. PE International’s Side Letter notes that sovereign wealth funds are leading AI investing, PE talent is moving to Spain, and big deals bolster African deal data.