Private Equity 24 Hours

Last updated: September 25, 2026, 6:01 AM ET

Private Equity Deal Activity

Atlantic Street Capital announced a majority investment in Toronto-based HVAC distributor GLP, founded in 1958, which supplies equipment and components across Canada. Bridgepoint secured a majority stake in Altano, a German equine veterinary group operating 110 clinics and practices, as Ufenau Capital exits its position. Arcventis agreed to a majority investment in Harbour Point-backed Aligned Modern Health, which operates 15 functional medicine and hormone health clinics. RS2 Healthcare Partners completed its first platform investment in KMM, a Hatboro, Pennsylvania-based medtech manufacturer of complex, tight-tolerance components. Arcline’s Dwyer Omega reached a deal to acquire SOR Controls Group, a Kansas-based instrumentation maker founded in 1946 that designs electronic and mechanical systems. New State Capital Partners’ Expo Group acquired experiential agency Toddstreet, which produces product launches, annual meetings, summits, and sales events. Phoenix finalized the sale of UK-based cybersecurity firm Logiq to IBM, a provider of security services to defense, government, and aerospace clients. Atlantic Street Capital, GHK, and LLR backed investments in HVAC, engineering, and energy management firms, including GLP and WSB. Quad-C hired ex-Graham Partners operating partner Dan Soroka for a supply chain role, bringing over 30 years of experience in purchasing, operations, and real estate. Stephens Group promoted Lindsey Joseph to principal, a former consultant at Boston Consulting Group, Accenture Strategy, and KKR.

Fundraising and LP Trends

Lightspeed targeted $250 million for a new India-focused fund targeting early-stage AI startups, aligning its fundraising cycle with global funds. PKA’s IIP platform raised DKK6.4 billion ($980 million) for European private equity, committing capital from one of Denmark’s largest pension funds. Carlyle leaned into carve-outs as dealmaking intensifies, with industrials, defence, and healthcare sectors expected to benefit. LPs rethought the key person clause in fund negotiations, moving beyond founders and titles to include individuals critical to performance. The thorny issue of LP incentivisation remained a challenge, with bonus structures varying widely among private equity’s largest limited partners. Climate risk left LPs in a catch-22, facing potential blindness to long-term exposures despite growing pressure to act.

Tech and Events

Tech Crunch Founder Summit 2026 revealed key details for its November 4 gathering in Boston, a full-day event for founders. Tech Crunch Disrupt 2026 offered a buy-one-get-one 50% off pass deal, allowing attendees to bring a colleague at half price. With two days left, Disrupt 2026 urged professionals to save up to $200 on passes, citing practical answers as reason four of five to attend. Sifted Summit returns to London next week, with five reasons to get excited about the event. Sifted invited readers to browse its company coverage, including profiles of Europe’s fastest-growing spacetech startups hiring amid a surge. European tech faced questions about New York’s receptiveness to expansion, as firms weigh transatlantic opportunities. Revolut customers were hit by a fresh security breach via a US stock broker, raising concerns about fintech vulnerability. Dextr AI raised $6.7 million in seed funding to build AI agents for hotel voice and reservation systems, emerging from stealth. Gaming startup funding levelled up in 2026, with around $2 billion raised so far this year in the sector.