Private Equity 8 Hours

Last updated: March 24, 2026, 10:30 AM ET

Private Equity Dealmaking: New Investments & Exits

Activity across the private equity sector showed a mix of new platform investments and portfolio sales, with deal flow spanning infrastructure, software, and specialized services. Turnspire Capital Partners is reportedly preparing to collect first-round bids in mid-April for its municipal water utility service provider, USG Water Solutions, after acquiring the asset in 2023. In platform acquisitions, Princeton Equity Group announced its backing of KidStrong, an education program provider that has expanded to 184 centers supporting over 85,000 members across the US and Canada since beginning franchising in 2019. Similarly, Main Capital has invested in Gingco Systems, a developer specializing in modular software for intelligent workplace and resource management, while Southfield is taking a stake in Metric Search, a recruitment firm focused on medtech life sciences and data center staffing.

Buyout firms are also active in sector roll-ups and strategic bolt-ons, particularly in technology and infrastructure. The GTCR-backed Ascent Sports Group, established in January 2026 as a technology and media platform, acquired sports tech firm LiveBarn to expand its media footprint. Elsewhere, TSCP has invested in Karpel, a government technology firm whose client base includes public defender and prosecutor offices nationally. On the infrastructure front, Hull Street agreed to purchase two power generation facilities from Rockland: the Lee County Generating Station in Illinois and the Tait Electric Generating Station in Ohio.

European activity saw strategic divestitures and major carve-outs nearing completion. Blackstone, as part of its value creation strategy following a €700 million acquisition in Paris, is now targeting a €100 million disposal of a portfolio of Parisian apartments, appointing Knight Frank to market the assets. In the Nordic region, Altor has inked an agreement to acquire electrical installation services provider Eltera from Valedo, a deal that follows Altor’s broader interest in the sector where the UK’s CMA finalized new pet care reforms relevant to PE ownership. Meanwhile, Generate Capital completed a sale, offloading greenhouse operator Equinox Growers to Taylor Farms, an asset supporting regional food supply chains.

Large-scale European auctions remain highly contested, with mega-funds vying for industrial assets. Apollo Global Management and Bain Capital reportedly lead the €4 billion bidding race to acquire Continental’s Conti Tech industrial unit, signaling strong appetite for substantial manufacturing carve-outs. In the secondary market, GI Partners is advancing sale talks for its residential services platform, American Residential Services, which could secure an enterprise valuation around $3.5 billion. Exits were more mixed; Advent booked a partial exit from its investment in Trustpilot, selling a £46 million stake that coincided with a sharp decline in the digital review platform’s share price following the discounted placement.

In sector-specific moves, Blackstone is evaluating a potential $200 million to $300 million investment in the Indian Premier League, marking a potential first foray into sports investment through that deal. Separately, Blue Fire Equity, which recently made its first platform investment by acquiring Jovian Concepts in March, is focusing its strategy on defense and government technology sectors. Furthermore, in executive appointments, O2 has tapped Rob Hays as its new Investor Relations head, formerly a managing director at Clean Bridge Securities.