Private Equity 8 Hours

Last updated: September 24, 2026, 2:03 PM ET

Dealmaking & Carve-Outs

The Carlyle Group is sharpening its focus on corporate carve-outs as competition for assets intensifies, with its co-head of Americas private equity noting that industrials, defence and healthcare are particularly fertile sectors. In a notable transaction, Bridgepoint has agreed a majority deal for equine veterinary group Altano, which operates 110 clinics across Germany, as Ufenau exits the business. Meanwhile, Arcline’s Dwyer Omega is acquiring SOR Controls Group, a Kansas-based instrumentation maker founded in 1946, in a move that expands its industrial measurement portfolio. On the services side, The Expo Group, a portfolio company of New State Capital Partners, has bought experiential agency toddstreet, which produces product launches and annual meetings.

HVAC, Engineering & Energy Services

Atlantic Street Capital has placed a majority investment in GLP, a Toronto-based HVAC distributor founded in 1958, as part of a broader bet on specialty building systems. In a parallel transaction, GHK-backed WSB has picked up an engineering firm, while LLR Partners has backed an energy management business, underscoring PE appetite for infrastructure-adjacent services. Quad-C has also tapped former Graham Partners operating partner Dan Soroka, who brings over 30 years of experience, for a new supply chain role.

Fundraising & LP Dynamics

Denmark’s PKA has raised $3.2 billion for its IIP platform, committing DKK6.4bn ($980m) of its own capital, with a pronounced tilt toward European private equity. The fundraise comes as limited partners are rethinking the key person clause, pushing to look beyond founders and named titles to include the individuals truly driving portfolio performance. A separate side letter analysis highlights a "climate catch-22" facing LPs, who risk blindness to systemic environmental risks even as they demand more sustainable allocations.

Tech, Security & Gaming

Phoenix has sold UK-based cybersecurity firm Logiq to IBM, a deal that underscores the strategic value of defense-grade security assets. In startup funding, gaming companies have raised around $2 billion so far in 2026, a modest uptick that signals cautious investor optimism. Meanwhile, Dextr AI has emerged from stealth with $6.7 million in seed funding to build AI agents for hotel voice and reservation systems, targeting operational inefficiencies in hospitality.

European Tech & Security Incidents

Is New York warming to European tech? A Sifted analysis explores how an increasing number of continental startups are crossing the Atlantic to tap US capital and customers. The news comes as Revolut customers have been hit by a fresh security breach via the fintech’s US stock broker service, raising fresh concerns about data protection at the digital banking giant.

Personnel Moves & Events

Stephens Group has promoted value creation vice president Lindsey Joseph, a former BCG and Accenture consultant, to principal. For those tracking the private markets calendar, Tech Crunch is hosting its Founder Summit in Boston on November 4, while Disrupt 2026 passes are still available at a $200 discount for two more days. Sifted also offers a company coverage database for deeper dives into European startups.