Private Equity 8 Hours

Last updated: August 20, 2026, 7:31 PM ET

M&A Activity

Battle Investment Group has completed the sale of TRS Services to Allied Power Group, marking another consolidation move in the industrial services sector. TRS Services, founded in 1998, provides maintenance, repair, and overhaul services for industrial gas turbine components from two facilities in Houston.

Huron Capital's Albireo Energy has acquired the regional divisions of Powers, a family-owned building automation systems provider headquartered in central Arkansas. The seller serves commercial, institutional, and industrial clients across the South, though financial terms were not disclosed.

Vesey Street-backed Orthopaedic Solutions Management has picked up Orlando Orthopaedic Center in its 23rd acquisition, including OOC's affiliated ambulatory surgery center, Orlando Orthopaedic Outpatient Surgery Center. The deal expands OSM's healthcare portfolio footprint in Florida.

OceanSound Partners-backed Certerra has acquired Skyrise Engineering and Testing in Florida. Founded in 2022, Skyrise has grown into one of South Florida's most trusted geotechnical and materials testing firms, led by founders Eric Stern and Richard Fesdjian.

Fundraising

Jefferies Credit Partners is targeting $1.16bn (€1bn) for a new private credit secondaries fund that will trade private credit loans in the secondary market, according to Bloomberg sources. The fundraising reflects growing investor appetite for yield-generating assets amid persistent market volatility.

Secondaries builds the infrastructure as Blackstone Strategic Partners anchored EQT's new AI Infrastructure Fund. The transaction demonstrates how secondaries markets continue creating blueprints for ambitious capital deployment strategies.

Technology & Innovation

UK chip startup Fractile is in talks to raise funding at a $6.5bn valuation, according to reports. The potential round underscores investor enthusiasm for European semiconductor companies focused on artificial intelligence applications.

Starling has unveiled a weekly AI rollout as the fintech race intensifies among neobanks. The accelerated deployment schedule reflects competitive pressures to capture market share through advanced technological capabilities.

Partnerships & Leadership

Adit Singh, an early Cerebras investor, has joined Mayfield as an infrastructure partner. At Mayfield, Singh will focus on semiconductor, cybersecurity, and physical AI investments, bringing deep technical expertise to the firm's venture capital strategy.

Regulatory & Market Trends

Charlesbank's $700m WSHB deal tests the last wall keeping private equity out of law, as Charlesbank Capital Partners is in advanced talks to acquire a stake in Wood Smith Henning & Berman (WSHB), a US law firm, in a transaction worth about $700m, according to a report by the FT. The proposed deal could reshape traditional partnership structures in legal services.

Transparency becomes key for private equity investors as the market grapples with greater risk and increased regulatory scrutiny. Limited partners increasingly demand detailed reporting and clearer governance frameworks before committing capital to new funds.