Know What's Happening in Private Equity
Know What's Happening in Private Equity
Lead Edge Capital launches AI‑driven secondary market fund
Lead Edge Capital announced the launch of its seventh flagship fund, targeting secondary market investments across fund‑level and direct‑secondaries. The new vehicle will use artificial‑intelligence analytics to enhance deal sourcing, pricing accuracy, and risk assessment.
Private equity‑backed companies are hunting CFOs who go beyond traditional finance stewardship. Recruiters cite four non‑negotiables: acting as an operational copilot, possessing advanced AI expertise, being transaction‑ready, and showing a strong backbone. With roughly 21,000 PE‑backed firms in the U.S. and $1.2 trillion of deal value last year, the CFO market is fiercely competitive. Candidates must prove they can accelerate value creation, not just close the books quickly.
Novartis announced a deal worth up to $3 billion to acquire SNV4818, a pan‑mutant‑selective PI3Kα inhibitor aimed at hormone‑receptor‑positive, HER2‑negative breast cancer. The transaction includes $2 billion upfront and potential milestones exceeding $1 billion, with closing expected in early 2026. Collegium Pharmaceutical agreed...
LS Power announced a $5 billion acquisition of PJM gas assets from Constellation Energy, underscoring a significant private‑equity‑driven push into energy infrastructure. The deal, highlighted by PE Hub, adds to LS Power’s growing portfolio of power‑sector holdings.
Savvy Games Group, the gaming arm of Saudi Arabia’s Public Investment Fund, is set to acquire Moonton, the creator of Mobile Legends: Bang Bang, for an estimated $6 billion. The deal, reported by Bloomberg, follows Savvy’s $4.9 bn purchase of Scopely and...
The @ebay acquisition of @depop from @etsy makes so much sense, especially because EBay has been trying to build its customer base and reach younger demographics. #ebay #depop #etsy #fashion #business
Houlihan Lokey’s LP Compass survey of nearly 60 active secondary market participants finds 86% expect private‑equity secondaries volume to eclipse last year’s $225 million record in 2026. Growth is attributed to a slowdown in distributions, expanding non‑buyout strategies, and heightened participation from...
Precision Aerospace & Defense Group and FACT II Acquisition Corp announced a $310 million business combination, turning the defense‑supplier roll‑up into a publicly traded entity via a SPAC. The deal, disclosed in December, positions Precision to build an EBITDA‑positive network of critical...
Private equity firms are intensifying their focus on healthcare benefit management, announcing five new deals this quarter. Investors such as InTandem, NMS Capital and WestView Capital are targeting platforms that serve both employers and employees. The transactions aim to consolidate...
Bain Capital secured Reserve Bank of India approval for a Rs 4,385 crore (≈$525 million) investment that will give it between 18% and 41.66% of Manappuram Finance, making the U.S. private‑equity firm a joint promoter with existing owners. The clearance removes the final...
TPG Capital has appointed a senior executive to lead a renewed private‑equity push in Japan, marking the firm’s first dedicated leadership role in the market in years. The hire coincides with TPG NewQuest’s launch of its inaugural Japan‑based secondaries executive,...
New York‑listed shuttle tanker owner KNOT Offshore Partners (KNOP) announced it has terminated negotiations with its parent, Knutsen NYK Offshore Tankers, over an unsolicited take‑private proposal first floated in October 2025. A conflicts committee of independent directors, assisted by external...
Mayer Brown’s March 2026 memo urges acquirers to replace traditional non‑compete covenants with forfeiture‑for‑competition (FFC) clauses after Delaware courts increasingly invalidate non‑competes on reasonableness grounds. An FFC ties a supplemental cash benefit to the seller’s agreement not to compete, and because...
U Mobile Ownership Shift: A Strategic Masterstroke or a Debt-Fueled Gamble? Some asked: Local Triumph or Sovereign Risk? Corporate finance perspective, let me explain the A, B, & C: A. Positives B. Negatives C. Neutral ↓↓↓
“If you plan to sell in the next few years... identify excess inventory and use it up. Go to a just-in-time system if possible. Remember, we want to maximize profits while minimizing the required capital. This makes your business look...
Private equity (PE) has traditionally been a peripheral player in agtech, deterred by long commercialization cycles and low recurring revenue. In 2024‑2025 PE activity nudged upward, yet less than 10% of the 60+ agtech M&A deals involved a financial buyer,...
Key tools to run a broker & proprietary search simultaneously. The problem is not realizing this is a business system. https://t.co/TkOPkMEB8f #SmallBusiness & Deal Making #SMB https://t.co/DwMbyj3qjL
I wish I could agree with The Ankler position on the PSKY acquisition of WBD “one good push and the thing unravels.” But money changes everything. Pretty much always. Governments flex a lot… rarely pull a trigger. Do we really think...
Norway’s IKM Gruppen announced the acquisition of Rotterdam‑based Hendrik Veder Group, creating the new entity IKM Hendrik Veder. The deal adds a 225‑year‑old rope and wire specialist with 79 employees to IKM’s 4,000‑strong, 15‑country operation. The combined company will broaden...
Bankers have opened the bidding window for Wasserman, the Los Angeles‑based sports and entertainment powerhouse now operating under the name The Team. Moelis & Co. is steering the process, while a roster of potential acquirers – including private‑equity firms Permira,...
In early March 2026 Netflix announced a landmark acquisition of InterPositive, an AI‑driven filmmaking startup founded by Ben Affleck, for up to $600 million, largely cash with earn‑out provisions. The deal gives Netflix immediate access to tools that can correct lighting,...
A new survey by Private Funds CFO reveals that general partners (GPs) are encountering significant frictions in fund finance. Sponsors express frustration over heavy information requirements and the cumbersome process of comparing lending term sheets. The study indicates that redundant...
Sumitomo Mitsui Finance and Leasing Company (SMFL) announced plans to expand its infrastructure portfolio, concentrating on transport‑related assets and movable transportation funds. The strategy signals a shift toward higher‑growth, capital‑intensive projects such as rail, road, and logistics platforms. SMFL aims...
Over the past 15 months, a cohort of secondary‑market participants has actively placed limited‑partner (LP) stakes for sale. Unlike typical LP sellers, these players adopt a highly disciplined, methodical approach that mirrors the rigor of their own buying processes. Their...
Co‑investing is experiencing a resurgence, described as its "Trafalgar moment," as limited partners (LPs) increasingly allocate capital alongside general partners (GPs) rather than pursuing pure direct deals. While high‑profile investors have publicly pivoted away from direct investing, the underlying willingness...
Sir James Dyson has purchased a 50 % stake in Bath Rugby, the reigning Premiership champions, and pledged multi‑million‑pound funding to clear debt and build a new stadium. The deal pairs Dyson with current owner Bruce Craig, who will remain chairman,...
env zero, a leading IaC governance platform, has merged with CloudQuery, a cloud asset management specialist, forming a unified cloud intelligence solution under the env zero brand. The combined offering merges continuous cloud asset discovery with automated infrastructure provisioning, promising end‑to‑end lifecycle...
Rollover equity lets sellers reinvest part of their sale proceeds into the acquiring entity, giving them a minority stake and a potential "second bite of the apple" when the business is later sold. Private equity firms use it to reduce...
In this episode, Brookfield Asset Management’s President of Private Equity, David Nowak, discusses how the firm’s owner‑operator culture and “earn your seat” ethos shape its private‑equity strategy. He explains Brookfield’s deep alignment with LPs—investing its own capital alongside theirs—and its...
Sumitomo Life announced a plan to allocate roughly $1.9 billion to private credit investments over the next few years. The insurer will concentrate on mid‑market, senior‑secured loan opportunities, leveraging domestic partnerships to source deals. This move follows a broader shift among...
Bain Capital’s special situations team has taken a strategic growth stake in Duravent Group, the Egeria‑backed provider of venting and air‑quality solutions. The investment is described as “significant,” indicating a sizable capital infusion. In a separate transaction, Ronin Capital completed...
Just finished a conversation with a true operator. "Being boots on the ground. Getting punched in the face."- type of guy. (As he described himself...= He scaled his firm organically from zero to $20M in sales. Then sold it to a strategic,...
BNP Paribas Asset Management Alternatives closed a $722 million infrastructure secondaries fund, marking its second fund close in a single month. The vehicle targets secondary market transactions in the growing infrastructure sector. The rapid close underscores strong investor appetite for diversified,...
Adenia Partners announced the first close of its Adenia Entrepreneurial Fund I at a hard cap of $180 million, surpassing the original $150 million target in under a year. The fund targets control investments in small and lower mid‑cap African companies, the...
Thoma Bravo and Hellman & Friedman are actively modelling a takeover of FactSet after AI‑related worries knocked the stock 39% in six months. The same AI‑induced discount has made Morningstar and Gartner attractive targets, but private‑equity firms are wrestling with...
The March 19 InsideArbitrage Event Driven Monitor highlighted several high‑profile merger‑arbitrage moves, including SunOpta’s April 16 shareholder meeting following an Ontario court order and Saltchuk’s cash tender offer for Great Lakes Dredge’s 5.25% senior notes due 2029. The Department of...
Investment bank Houlihan Lokey reports that technology has slipped down the list of preferred sectors for corporate venture secondary transactions. Managing Director Michael Pilson told Secondaries Investor that investors are increasingly gravitating toward sectors such as healthcare, consumer, and industrials....
The Lead Left published SPP Capital Partners’ March 2026 Middle Market Deal Terms snapshot, comparing deal components, leverage and pricing for micro, small and mid‑cap companies against March 2025. The data show modest tightening of leverage ratios and a compression of EBITDA...
Covenant Trends released its March 16 2026 data set highlighting the average EBITDA adjustment cap applied to synergies and cost‑saving initiatives in loan agreements. The chart shows the cap hovering around the low‑teens percentage range and climbing steadily year‑over‑year. The release includes...
U.S. private‑equity firms recorded a solid rebound in 2025, delivering the second straight year of exit growth. Exit value climbed to roughly $150 billion, positioning the year just behind the 2021 peak. Deal count surpassed 1,200 transactions, erasing the multi‑year slump...
U.S. primary market leveraged loan yields rose to 8.09% in March, the highest level since April 2025. The increase reflects broader pricing pressure on first‑lien institutional term loan Bs with a three‑year repayment horizon. Single‑B rated credits led the yield...
US leveraged loan issuance has stalled after a sharp February slowdown, with weekly launches falling from the $30 b levels seen in January to just $12.1 b through the week ending March 18. The dip reflects heightened market volatility that continues to deter...
The article highlights investor‑relations (IR) factors that boards must weigh when considering a Delaware exit (DExit) and reincorporation elsewhere. It stresses candidly assessing current shareholder relationships, starting the evaluation early, and avoiding surprises through proactive engagement. Companies should conduct a...
John Jenkins highlights key considerations for sellers contemplating equity rollovers in M&A transactions. The blog stresses that call options embedded in buyer agreements can allow the acquirer to repurchase the seller’s rolled‑over stake, often at below‑market prices and over extended...
Worthington Steel to buy Kloeckner for $1.3bn, creating the No. 2 North American metal service center. https://www.metalnomist.com/2026/03/worthington-steel-to-buy-kloeckner-for.html
"Jeff Bezos is in early talks to raise $100 billion for a new fund that would buy up manufacturing companies and seek to use AI technology to accelerate their path to automation." https://t.co/UmA1I3g0xp
The February 2026 Tech M&A episode breaks down 394 tech transactions, highlighting five mega‑deals—including a $9.9 billion deal and a $9.2 billion acquisition of InPost by FedEx—while showing that startups still account for 45% of deals and cross‑border activity hits 35%. It...
The best news may be in the rearview... Bears encroach on bullish dealmaking market https://t.co/Gc2v7KSjbQ
Crunchbase called it. Three months ago, we flagged @BVNKFinance as a likely acquisition target, & @Mastercard just announced plans to acquire it for up to $1.8B. That’s the power of predictions — you can spot opportunities early & move before competitors....
In this brief episode, the host debunks five persistent myths that erode founder value in tech M&A: the belief that companies are bought rather than sold, the ineffectiveness of soft overtures, the flawed serial approach to buyer outreach, outdated bid...
I’m growing a little tired of all the hype and nonsense around the word #startup... Entrepreneurship has reached a point of mass popularity... [In reality,] buying a business is the easiest way to own a profitable one." –Smarter than...
