Know What's Happening in Private Equity
Know What's Happening in Private Equity
Sunway Group launches $2.7B bid to acquire IJM
Sunway Group has offered a cash‑and‑share proposal worth roughly $2.7 billion to buy builder IJM. The offer values each IJM share at RM3.15, with 10% paid in cash and the remainder in newly issued Sunway shares. Major shareholders including the Employees Provident Fund and Permodalan Nasional Berhad, together holding about 33% of IJM, have so far rejected the bid.
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 details sector‑specific trends: horizontal tech leads in volume and value with EBITDA multiples around 2.9×, supply‑chain management commands the highest multiples, and the internet and vertical sectors see near‑12‑month‑high valuations. The podcast also spotlights notable acquisitions across AI, fintech, health‑tech, gaming, and infrastructure, illustrating how private equity, VC exits, and non‑tech acquirers are reshaping the landscape.
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
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are bought rather than sold, the ineffectiveness of soft overtures, the flawed serial approach to buyer outreach, outdated bid...
The article explains how investors can boost risk‑adjusted returns by properly sizing positions rather than merely finding ideas. It introduces a simple upside‑to‑downside framework, illustrates it with PayPal and Perimeter Solutions, and ties the ratio to a practical allocation rule...
Glade Brook Capital Partners announced the closing of its Gondola Fund at over $1 billion in March 2026, marking the firm’s largest publicly disclosed vehicle to date. A concurrent Form D filing for Strategic Growth V LP on February 5, 2026 showed zero commitments, so...
Early analysis shows Q1 2026 fundraising markedly slower than in prior years, with capital commitments dropping double‑digit percentages versus the same period last year. The downturn follows higher interest rates, lingering supply‑chain issues, and heightened geopolitical risk, tightening liquidity for...
AmperCap Acquisition Company (ticker APMCU) filed its S‑1 to launch a $125 million special purpose acquisition company IPO. The filing, submitted on March 18, 2026, positions AmperCap among the latest wave of SPACs seeking to capitalize on renewed investor appetite. The...
Franchise FastLane, a franchise development organization backed by private‑equity firm Southfield, announced the acquisition of consulting firm Franchise Creator. The deal adds brand‑strategy and operational consulting to FastLane’s existing franchise‑development services. Financial terms were not disclosed, but the move expands...
Justin Ishbia's private‑equity firm is nearing a deal to acquire a 47‑acre former Amtrak rail yard in Chicago’s South Loop, reviving prospects for a new White Sox stadium as the current Rate Field lease expires in 2029. The site, adjacent...
In this episode Jacob Oros interviews Eric Brenner, a seasoned financial advisor who has completed 11‑12 acquisitions of wealth management, tax, and accounting firms. Brenner explains how the market has shifted from a handful of buyers to intense competition, driven...
The article examines why investors are flocking to credit‑secondaries, highlighting the asset class’s ability to purchase high‑quality debt portfolios at steep discounts. Buyers benefit from immediate cash‑flow generation, bypassing the traditional J‑curve associated with primary credit funds. Market participants also...
The SPAC market is reviving as oil prices stay near $100 and geopolitical tensions keep supply tight, creating a sweet spot for alternative‑fuel producers. Renewable natural gas, ethanol and renewable diesel firms can charge commodity‑level prices while offering domestic, low‑carbon...
Private Capital Advisory (PCA) groups, which specialize in secondary transactions for limited partners and continuation funds for general partners, have become one of the fastest‑growing segments of investment banking. Deal volume in private‑equity secondaries has risen about 20% CAGR from...
Tech24, a commercial foodservice equipment repair and maintenance provider, announced the acquisition of Pacific Standard Service. The deal, backed by private equity, broadens Tech24’s geographic reach and service capabilities. Pacific Standard Service adds a substantial customer base and skilled technicians...
Google has reportedly raised its bid for cloud‑security firm Wiz to about $32 billion, eclipsing its earlier $23 billion offer and setting a record for cyber‑security acquisitions. The deal would give Google ownership of a full CNAPP stack—including infrastructure, container, API, and...
The Delaware Court of Chancery rejected HoldCo’s request for an injunction to block Comerica’s merger with Fifth Third, finding the deal‑protection provisions lawful and not coercive. HoldCo, which had initially championed the transaction, could not demonstrate a colorable claim or irreparable...
Idealist led a C$50 million growth‑equity round in Solugen, a biotech firm that creates sustainable chemicals for agriculture using engineered enzymes. The Canada Growth Fund joined as a co‑investor, providing additional capital to accelerate Solugen’s commercial rollout. The funding is earmarked...
Why is real estate private equity so lucrative? Because you basically get a 2x return on your capital before the deal even starts Let’s take a sample deal: $10MM purchase price. The deal will be purchased with a $7.5MM loan and $2.5MM of...
H.I.G. Capital (HIG) was named PE Hub’s Small‑Cap North America Deal of the Year for its successful exit from Koozie, a consumer‑goods platform. The award highlights HIG’s ability to generate strong returns in the lower‑middle market. Meanwhile, Ronin Capital completed...
BlackRock’s private‑credit arm HPS announced it has raised $6.6 billion for a new junior capital fund, with a target of $10 billion in committed capital. The vehicle will focus on customized junior debt solutions for mid‑market companies across a range of industries....
SouthernCarlson, a fastener and construction‑supply distributor backed by private‑equity firm Truelink, announced the acquisition of specialty distributor Greenwald Supply Direct. The deal adds Greenwald’s niche product lines and customer base to SouthernCarlson’s existing portfolio. Integration is expected to broaden geographic...
Beacon Software announced its executive team, naming Nilam Ganenthiran as Co‑Founder and CEO and Divya Gupta as Co‑Founder and CTO. The firm also disclosed a strategic partnership with Lightspeed, bringing partners Bejul Somaia, Isaac Kim, and Amish Desai to its...
The Delaware Supreme Court affirmed the Delaware Chancery Court’s ruling that the standard three‑year statute of limitations applies to fiduciary‑duty claims arising from de‑SPAC transactions. The court applied Delaware’s long‑standing occurrence rule, holding that the limitations clock starts when the...
In this episode of the Private Equity Funcast, co‑founder Ryan Milligan walks through the end‑to‑end process of buying a company, from sourcing deals to closing them. He explains how deal sourcing has evolved from simple phone calls in the 70s...
Bain Capital announced a new investment in climate‑tech firm Duravent Group, joining existing backer Egeria. The capital infusion is aimed at scaling Duravent’s renewable‑energy storage solutions and accelerating commercial rollout. Bain’s involvement underscores the private‑equity firm’s growing focus on sustainable...
Astro Pak, a specialist in high‑purity and precision cleaning, announced the acquisition of Clean Sciences. The transaction is financially supported by Stephens Group, which backs Astro Pak’s growth strategy. By integrating Clean Sciences’ capabilities, Astro Pak broadens its service portfolio...
Behrman Capital has appointed Eric Smith as an operating partner, adding seasoned operational expertise to its investment platform. In his new role, Smith will counsel both the firm’s investment team and the executives of its portfolio companies on management and...
Good read on Biopharma M&A by RBC , little mention to Betaville, Bloomberg, FT , oand ofc the standout $RVMD Our biopharma team is out with an M&A discussion piece - given the importance of M&A to the sector, it is...
Private equity giant KKR is investing up to $310 million to acquire a majority stake in Allfleet, the electric‑bus platform of India’s PMI Electro Mobility Solutions, aiming to deploy more than 5,000 e‑buses. Warburg Pincus has taken a controlling interest in...
Partech has closed its inaugural impact fund, raising €300 million. The capital will be deployed to European B2B technology firms that are reshaping global value chains. The close occurs amid what the firm calls one of the most challenging fundraising environments...
Case Study: Spotting Opportunity in Underutilized Businesses: A Seaside Retail Example I recently had an interesting conversation that highlights a great opportunity for those of you looking to buy a business rather than start one from scratch. The Situation A friend of mine...
The most important concept for allocators to understand in private equity is that IRRs are numbers used in marketing and not representative of investor retuns In the below example, a 20% "IRR" is actually equal to an 11.9% annualized return (and...
InfraVia announced the closing of its sixth European infrastructure fund, reaching an €8 billion hard‑cap. The fundraising was heavily supported by non‑European limited partners, underscoring growing global appetite for European assets. Founder and CEO Vincent Levita cited Europe’s regulatory stability and...
The White House, Oracle and Silver Lake won't answer questions about a $10 billion payment that was apparently required to secure the TikTok sale. It's unprecedented. And officially undisclosed. U.S. investors and biz leaders should want answers. https://t.co/Y0n8MTHFKa
RBC: Revolution, Xenon, Arrowhead among top #biotech takeover targets https://t.co/h1toH9szrU by @realJacobBell $ARWR $XENE $RVMD $DYNE
Thoma Bravo and Hellman & Friedman are evaluating a potential acquisition of FactSet after AI‑related concerns drove the company's shares down 39% in six months. The drop has halved the firm's EV/EBITDA multiple and cut its market value to $8.4 billion,...
The mindset requirement that most small business searchers completely miss. When you need sales skills to buy something valuable. https://t.co/I65QEUaTVu #SmallBusiness & Deal Making #SMB https://t.co/6EkB5eHA9j
$OSUR is a cash box with a diagnostic business attached. Altai Capital is pushing for a full strategic review/sale. Activist has also nominated two directors for the upcoming AGM. Altai's SOPT in the screenshot. https://t.co/tAJzNe8cMy
L Catterton is launching a $400 million India Fund I, backed by a $200 million greenshoe, to double down on the country’s consumer sector. The firm will target founder‑led, differentiated brands in structurally attractive categories while shunning businesses that chase top‑line growth without...
Debevoise released a practical guide on special committees in conflict transactions, detailing when to form them, member selection, and operational protocols. A key focus is the appointment of legal and financial advisors, emphasizing that the committee—not the company—must independently choose...
Australia's sovereign wealth fund, the Future Fund, announced the resignations of David Bluff and Tammi Fisher, who jointly oversaw private equity and real assets. Their departure adds to a recent wave of senior leadership exits at the fund. The exits...
On March 18, 2026, MidOcean Energy announced that it had secured more than $1.2 billion in financing, led by private‑equity firm EIG and backed by 16 partner investors, to fund offshore wind developments across the U.S. and Europe.
On March 18, 2026, OpenAI disclosed it is negotiating a $10 billion joint venture with top private‑equity firms to commercialize its enterprise AI suite. TPG would act as anchor investor, joined by Advent International, Bain Capital and Brookfield Asset Management, while...
California’s $613 billion public‑employees pension fund, CalPERS, is delivering near‑term outperformance in private equity after rebalancing its allocation toward venture‑capital, growth‑stage deals, co‑investments, and secondary transactions. The strategic shift emphasizes higher‑return, lower‑duration assets while leveraging co‑investment opportunities to capture excess returns....
Nevada's Public Employees' Retirement System (PERS), managing roughly $74.9 billion, announced it will unwind its exposure to Clearlake Capital after identifying a potential conflict of interest. The conflict arises from Clearlake’s recent agreement to acquire Pathway Capital Management, which overlaps with...
Moody's reports that structured finance is becoming essential for originating investment‑grade private credit. Alternative asset managers are creating joint ventures, using minority equity positions to package and distribute IG debt. This approach broadens investor access to higher‑quality credit while providing...
Canal+ and PPF, each holding roughly 29.3% of Viaplay after a €0.36 billion recapitalisation, are exploring a joint move to take the Nordic streamer private. The proposal would give the two investors close to 60% combined control, consolidating their influence over...
Before you ever open a 200-page PPM, real diligence starts somewhere else. You have to vet the people behind the deal. Talk to past investors. Understand their track record. See how they communicate when things go right, and wrong. Documents matter, but trust is built...
Private Equity back at a weekly pivot that defined the 2022 highs and the 2024 & 2025 lows. Deals get done here. $PSP $BX $KKR $APO https://t.co/LYslqtcmIZ
A recent survey reveals that general partners (GPs) are under mounting pressure to modernize their operations as operational resilience becomes a strategic priority. Challenges stem from increasingly complex technology integration, escalating data management demands, and a tightening talent market. The...
