Private Equity 24 Hours

Last updated: September 2, 2026, 6:08 AM ET

Deal Completion Wave

Private equity firms closed a flurry of major transactions over the past 24 hours, headlined by Permira and CPP Investments finalizing their $3.7bn acquisition of fund administrator JTC. The deal, also reported at £2.7bn, positions the platform for AI-driven growth and US expansion. In a separate fund administration play, Inflexion expanded Baker Tilly into a broader Benelux platform spanning 25 offices and roughly 1,500 professionals across the Netherlands, Belgium and Luxembourg. The move follows Inflexion's earlier minority investment in the Dutch entity, with the Luxembourg arm also added to the network.

Mega-Deals and Exits

Apollo struck a quick flip of Kelvion, selling the thermal management maker to SLB for $4.1bn just seven months after acquiring it. Meanwhile, Yellow Wood agreed to acquire Nestlé's Holistic Health vitamins platform for $1bn. In the restaurant space, LongRange completed its Pizza Hut buyout, a deal that excludes Mainland China. Ares Management also closed its largest-ever real estate fundat ¥612bn ($4bn), doubling down on Japan logistics development, marking a record close for the firm.

Fundraising and New Vehicles

A new €100m deeptech fund is being launched by an ex-NGP Capital investor, targeting Europe and the US with backing from Jungheinrich. EQT also finalised its Coller Capital acquisition, unveiling a dedicated secondaries segment. In fundraising news, General Atlantic led a $75m roundin coffee chain Blank Street at a $650m valuation, while Félix, an AI-powered WhatsApp remittance platform, secured $200M in Series C co-led by Andreessen Horowitz and General Catalyst. The funding environment for women-led firms also remains a focus, with Buyouts checking back on its inaugural Women in PE list.

Sector-Specific Investments

Mutares completed its acquisitionof Trepel and Mafi, suppliers of aircraft ground handling and heavy-duty transport equipment serving customers in more than 115 countries. Gemspring-backed Midland Industries acquired Pegasus Supply Group, a supplier of industrial and electronic connection products across the US and Canada. GI Partners also closed a majority investmentin Otodata, a provider of remote monitoring and vehicle tracking technology. In healthcare, Aria Care Partners acquired Precision Mobile Care,which delivers mobile onsite dental care to Utah skilled nursing residents. Valeas Capital and Kudu-backed Sequoia Financial also acquired BSW Wealth Partners,which managed approximately $2.3bn in client assets as of June 30.

Startups and Venture Activity

Femtech startup Ipremom raised €15m in seed fundingfor early detection of pregnancy complications. In a notable venture milestone, After Query became Y Combinator's fastest-ever unicorn,now valued at$3.2B just five months after its $30M Series A. Thrive Capital's Josh Kushner also defended his involvementin the FIFA mess, hiring Elon Musk's go-to lawyer.

Market Trends and Analysis

While climate tech investments have declined, Nordic energy startups are powering ahead,according to new data. Sifted's latest Nordics leaderboardshows Neko Health topping growth rankings. In real estate tech, proptech funding is holding upbut investors are shifting bets toward AI-driven constructionand property operations companies,with deals outside the US leading. Shein's long-delayed listing landed 73% belowits 2022 peak, splitting private backers into winners and losers based on when they bought in. Finally, a new PE rankingplaces Goldman at the top of secondaries fundraisers,while Partners Group faces an earlier-than-expected C-suite shakeup.