Searchlight Capital Partners has sold Euclid Transactional, a provider of representations and warranties insurance (RWI), to CRC Group, marking a strategic exit that contributed to the firm returning over $4 billion to investors. The deal comes as PE firms increasingly leverage RWI to navigate complex M&A transactions, with Searchlight expanding Euclid's international presence before the sale.
Founded in 2021, Euclid grew from 80% North American focus to 50% international under Searchlight's ownership, opening offices in Germany, France, and Singapore. The firm fended off two suitors before running a formal sale process. Meanwhile, Monomoy Capital Partners agreed to acquire Jiffy Lube from Shell in a deal valued at approximately $1.3 billion, highlighting PE's growing appetite for automotive service businesses.
KPMG's 2026 M&A Deal Market study reveals private equity firms are leading M&A optimism, with 75% expecting increased deal volume next year. The survey of 300 dealmakers shows PE firms favor full acquisitions and mid-market deals below $1 billion, while expressing heightened concerns about antitrust regulations compared to corporate buyers.
Source: PE Hub · Summarized by HeadlinesBriefing