Private Equity 24 Hours

Last updated: September 24, 2026, 2:02 PM ET

Private Equity

Dealmaking

Private equity firms continued their aggressive pursuit of carve-out opportunities, with Carlyle leaning into this strategy as competition intensifies. The firm's co-head of Americas noted that industrials, defense, and healthcare sectors stand to benefit from corporate divestitures. Meanwhile, Bridgepoint agreed to acquire a majority stake in Altano, a German equine veterinary group operating 110 clinics, as Ufenau exits its investment.

In the infrastructure space, CVC took a minority stake in CDN77, an engineering-led internet infrastructure firm that runs its own global edge network across 230 locations with 330Tbps capacity. Tikehau Capital-backed EYSA acquired B2B corporate mobility platform Joinup, which manages taxis, parking, EV charging and carpooling for corporate clients.

Arcline's Dwyer Omega agreed to acquire SOR Controls Group, a Kansas-based instrumentation maker founded in 1946 that designs electronic and mechanical instruments. Atlantic Street Capital inked a majority investment in GLP, a Toronto-based HVAC distributor founded in 1958, alongside GHK-backed WSB picking up an engineering firm and LLR backing an energy management business.

Fundraising and Capital Markets

Bain Capital-backed Eco Ceres targets a $1 billion Hong Kong IPO, testing the market for a landmark climate bet in renewable fuels. The renewable fuels producer is seeking to go public amid growing investor appetite for climate-related investments. Separately, PKA's IIP platform raised $3.2 billion for private equity with a European tilt, with PKA committing DKK6.4 billion ($980 million) to the platform.

Growth investor DTCP secured a €455 million first close for its defense fund, with plans for future funds. VC firm Bessemer now has another $5.75 billion to invest, primarily in AI, noting that AI-native companies are growing faster than any technology wave.

Technology and AI

Gaming startup funding levels up to around $2 billion so far in 2026, a modest increase from prior years. A UK startup is building AI's next enterprise category, raising $104 million for an AI risk-to-resolution platform. Dextr AI raised $6.7 million in seed funding to build AI agents for hotel voice and reservation systems.

Anthropic stated it's not trying to eat startups' lunch, while Deep Mind alum Simon Kohl argued that pushing the frontier is best done outside Big Tech. AI safety startups are mapped across 37 companies building Europe's trust layer.

Cybersecurity

Phoenix struck a deal to sell cybersecurity firm Logiq to IBM. Logiq, based in the UK, provides cybersecurity to defense and government clients. Keensight Capital-backed Nomios entered the Iberian peninsula by acquiring Portuguese cybersecurity firm Orbcom, founded in 2002. Main Capital Partners also acquired a majority stake in Nordic software group Confirma, based in Stockholm and founded in 2019.

Healthcare and Services

Riverside agreed to add mental health provider Converge to its Altius platform. Converge provides employee assistance programs and critical incident support. New State Capital Partners' The Expo Group acquired experiential agency toddstreet, which produces product launches and annual meetings.

People Moves

Quad-C tapped former Graham Partners operating partner Dan Soroka for a supply chain role, bringing over 30 years of experience. Stephens Group promoted value creation vice president Lindsey Joseph to principal; Joseph is a former Boston Consulting Group consultant.

Regulation and LP Dynamics

LPs are rethinking the key person clause, looking beyond founders and titles to include people truly essential to fund operations. A side letter highlights a climate catch-22 where LPs face risk blindness.

Fintech and Payments

Revolut customers were hit by a fresh security breach via a US stock broker. Separately, Revolut unveiled facial recognition payments in the UK.

Events and Conferences

Tech Crunch Founder Summit 2026 is set for a full-day gathering in Boston on November 4. Two days remain to save up to $200 on a Tech Crunch Disrupt 2026 pass.

Market Commentary

European tech is warming to New York markets, as Sifted explores whether the city is opening to European tech companies. Northern Gritstone CEO defends exiting to US acquirers, arguing it isn't a failure. Sifted also offers company coverage browsing for readers.