Know What's Happening in Private Equity
Know What's Happening in Private Equity
Kernel to acquire Enselco Holding for $348M, expanding Ukrainian agribusiness footprint
Kernel Holding announced a $348 million acquisition of Enselco Holding, adding a 190,000‑hectare land bank, grain elevators and a railcar fleet. The deal deepens Kernel’s vertical integration across farming, processing, storage and logistics and reflects confidence in the reopening of a stable Black Sea export corridor.
Also developing:
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 findings indicate that a majority of GPs plan significant technology upgrades within the next twelve months. Respondents also highlight investor expectations for greater transparency and robust infrastructure as drivers of change.
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...
Gradient, the seed‑stage AI venture capital firm that spun out of Google last year, closed its inaugural fund with a $220 million final close. The capital will be deployed to back early‑stage artificial‑intelligence startups across sectors. Gradient’s backing reflects both Google’s...
Private equity firms are facing a growing bottleneck in their exit pipeline as IPO markets stay muted, M&A activity slows, and secondary‑sale demand wanes. Elevated interest rates and tighter credit conditions are compressing valuations, forcing managers to hold assets longer...
Limited partners (LPs) are staying upbeat on private debt despite recent negative headlines. A new Private Debt Investor feature highlighted that LPs are “shutting out the noise,” maintaining or expanding allocations. Chart data from 2018‑2026 shows a growing share of...
OpenAI is exploring a $10 billion joint venture with private‑equity partners to fund its next‑generation AI models and commercial rollout. At the same time, L Catterton announced a $313 million investment in Japan’s consumer sector, while Apollo is negotiating a minority stake in...
Highline Hospitality Partners (HHP) has purchased the Hilton DFW Lakes Executive Conference Center, a 397‑room hotel on 29 lakeside acres near Dallas‑Fort Worth International Airport. The acquisition expands HHP’s portfolio to 18 hotels, more than 5,000 rooms and roughly $1.5 billion...
Serial Acquirers, Stockholm and The Story of 47 Acquisitions Per Year Why serial acquirers remain one of the most powerful business models in the world. The best of them have acquired as many as 275 companies and traded at valuations as high...
In this episode, Kevin Hong shares his journey from being a fired search fund CEO to founding CapRate Capital, where he has closed over $50 million in lower‑middle‑market private equity deals. He explains how he built a fragmented cap table to...
The March 17, 2026 SPAC News Roundup highlights a resurgence in special‑purpose acquisition company activity, with Q1 IPO volume climbing 12% year‑over‑year. New SEC guidance on de‑SPAC disclosures is reshaping transaction structures, while tech‑centric targets continue to dominate recent merger announcements. Investor...
Hong Kong‑based Gaw Capital is establishing a new growth fund aimed at the Gulf region. The fund will reallocate capital that was previously earmarked for investments in the United States and Europe back to Gulf home markets. Andrei Rotaru, head...
Cooley’s latest memo delivers a concise playbook for handling insider‑conflict transactions under Delaware and Nevada corporate law. Targeted at companies approaching or completing an IPO, the guide stresses that rigorous process and transparent disclosure outweigh post‑hoc legal defenses. It outlines...
IJM says no to a massive takeover offer, a corporate mafia victim speaks out, and Pharmaniaga finally escapes the danger zone. Are you paying attention to these market moves? Major Updates, March 17, 2026: 1. IJM Corp shuts down Sunway's bid. 2. Victor Chin's...
Maine’s public pension fund announced a second reduction in its private‑equity allocation within four years, signaling a strategic shift in its portfolio. The plan calls for a modest target cut and outlines the possibility of secondary‑market sales in specific scenarios....
the roll-up in 5 levels: level 1: buy 1 business level 2: buy 3 competitors level 3: regional dominance level 4: national holdco level 5: $100M–$1B exit everything else is noise
the vendor finance structure: – seller carries 100% as a note – 9–12 month payment holiday – business services its own debt – personal capital deployed: $0 legal common available
The Buyouts Emerging Manager Survey 2026, conducted with Gen II Fund Services, uncovers a tightening fundraising environment for emerging buyout managers, with capital commitments falling and deal cycles accelerating. Limited partners are increasingly demanding proven ESG integration and operational expertise, while...
One of the main reasons behind the significant backlash against private equity and private credit is some of the ways they were marketed are misleading: - Volatility laundering: Private equity claiming vol of 8% when it's actually 25%+. Private credit claiming...
The article identifies six pivotal trends reshaping the emerging manager landscape, from tighter fundraising cycles to evolving LP expectations. It highlights that limited partners now prioritize demonstrable track records and ESG credentials when allocating capital to new general partners. Niche...
New Providence Acquisition Corp. III (NPACU) announced a definitive agreement to combine with Abra, a digital‑asset platform, in a transaction valued at approximately $846 million. The merger will deliver roughly $200 million of SPAC cash proceeds to Abra and list the combined...
Apollo's John Zito on private equity: "I literally think all the marks are wrong...This next cycle is going to be a big moment in time for the private markets because people are way smarter than I think private-market participants, particularly...
Private equity firms are actively targeting HVAC service providers and component manufacturers as deal flow intensifies. Scaled residential HVAC platforms are commanding valuations of 16‑19 times EBITDA, while commercial HVAC transactions span a broader 10‑17 times EBITDA range. The disparity...
The newsletter is almost 1,800 words. We go deep with examples of sourcing and the way they use AI across their 160 portfolio companies. Lastly, we break down their real economic engine in detail: - M&A - Talent - Playbook It goes out in 4-5...
Just how bad a shape are software-focused private equity firms in? My napkin math says that if going by public comps, then for many, most of the equity has now been wiped out.
Blackford Capital has created a new HVAC, electrical and construction services platform by merging its recent acquisitions, Habco Partnership and Moro Corporation, under the Habco brand. The combined entity, led by CEO Andrew Habel, offers design‑build electrical, HVAC, structural steel...
Live on Thursday Tech to help searchers Tune in and we'll be discussing her company’s Deal Studio platform. Set yourself a reminder on YouTube here: https://t.co/5gI4ruc4gR https://t.co/alcDSDqvmx
Worth pointing out that Apollo saw the writing on the wall much earlier than the market, and moved to reduce software exposure due to potential AI risks more than a year ago now. If I was buying the dip in these...
Apollo Global Management has become the leading bidder for a stake in Syntegon, a packaging‑machinery specialist serving pharmaceutical and food markets. The potential transaction is valued at roughly €4 billion, following CVC Capital Partners' 2019 acquisition of Syntegon for about $1 billion....
Negotiations should never be face-to-face. They should always be in writing so that there is never any confusion about what is being tendered or asked- How to Sell my own Business? The Book is available on https://t.co/l2EObkfURN https://t.co/SpNTxtRla2
Glacier, backed by Davidson Kempner and Afendis Capital, has merged Gelato d’Italia and Ysco to create a €600 m private‑label ice‑cream platform across five European factories. The company positions itself as a consolidator in a fragmented market, focusing on co‑manufacturing and avoiding...
Here’s the Wall Street funded right wing culture war attack against a Trump supported bill banning private equity from buying housing. https://t.co/LDJ27H9soj
OpenAI is in advanced talks to create a joint venture with private‑equity firms TPG and Bain Capital aimed at expanding the adoption of its AI software. The proposed venture carries a pre‑money valuation of roughly $10 billion, with the PE partners...
Private equity firms are increasingly relying on side‑letter provisions that contain vague valuation language, raising concerns over transparency and LP‑GP alignment. The practice could hinder the industry’s push toward broader investor participation, often termed the "democratisation" of private equity. Meanwhile,...
The Canada Pension Plan Investment Board (CPPIB) is weighing a $1.5 billion sale of its Asian private‑equity fund stakes, including holdings in Hillhouse Investment, Bain Capital and PAG. Private‑equity assets total C$225.4 billion, roughly 25% of CPPIB’s C$780.8 billion portfolio, prompting the board...
Two Opportunities for Business Buyers and Sellers. Mastermind for buyers and a special seller bundle offer (limited availability) https://t.co/oABZ6O8WSb https://t.co/PC78ONM0nA
Infrastructure Investor’s weekly briefing highlights three major developments: data centre operators are positioning themselves to drive down electricity costs, the European Climate Platform’s sixth fund (ECP VI) has closed at $3.7 billion, and private‑equity firm EQT has entered the UK water market....
Quad‑C has appointed Dillard Watt as its new Business Development Director. Watt will partner closely with the firm’s investment teams to accelerate deal flow. His mandate includes sourcing fresh platform investments and identifying add‑on acquisition targets. The hire signals Quad‑C’s...
JF Lehman & Company has re‑entered the fundraising market with a new flagship private‑equity fund and a sophomore credit vehicle. The firm is targeting roughly $3.25 billion in commitments, including about $2.75 billion for the flagship fund and $500 million for the credit...
EQT has completed its final exit from Galderma Group AG, selling roughly 34 million shares for about CHF 4.9 billion ($5.5 billion) in what the firm calls the largest sponsor‑backed block trade on record. The accelerated book‑building process on 13 March generated CHF 1.3 billion for the...
Private equity, once the domain of pension funds, endowments and sovereign wealth vehicles, is now opening to retail investors through new fund structures. The rise of 40‑Act private funds—often organized as interval or tender‑offer vehicles—offers lower minimums, periodic liquidity and...
Air Lease Corporation will be acquired for $7.4 billion by a consortium including Sumitomo, SMBC Aviation Capital, Apollo and Brookfield, and will be rebranded as Sumisho Air Lease Corp (SALC) in early 2026. Class A shareholders receive $65 cash per share. SMBC...
In 2025 IT‑related mergers and acquisitions captured a larger slice of the overall deal market than in any prior year, according to Pitchbook data. The chart shows the IT share of total M&A value climbing to a new high, driven...
The Deal Lawyers Download podcast features Morrison & Foerster’s Mike O’Bryan outlining M&A trends for 2026. Topics include AI‑driven due diligence, evolving antitrust and national‑security review regimes, new SB 21 safe‑harbor rules, recent tax law changes, and strategies for acquihires, earnouts, and activist‑influenced...
Private equity firms are witnessing a revival of exit opportunities as the IPO market reopens, with analysts projecting that up to one‑third of all 2026 IPOs could be backed by PE sponsors. After a two‑year drought caused by volatile markets,...
Private equity firm Bain Capital has agreed to acquire the wealth‑management division of Australia’s Perpetual for an upfront A$500 million, with potential earn‑out payments of up to A$50 million. The business, Perpetual Wealth, oversees A$20‑22 billion in assets for high‑net‑worth families and will...
the closing process in 5 steps: – step 1: off market cold outreach – step 2: NDA + 3 years financials – step 3: NBIO submitted in 24 hours – step 4: LOI executed, 90 day exclusivity – step 5: due diligence, reprice, close total timeline: 90 days
There's a circular risk in private credit that nobody is stress-testing. PE firms bought software companies with leverage. Private credit funded the debt. Now AI is disrupting those same software companies, compressing their revenues. The collateral backing billions in loans is deteriorating...
the 3 things that close every no money down deal: – capabilities (your credibility stack) – capital (the structure that deploys zero) – closing (the process that controls everything)
The market is counting out private equity-owned (and private credit-financed) companies, even though they could be the firms that pursue AI most aggressively. A consortium of PE firms are in talks to integrate Anthropic's AI into their portfolio companies. https://t.co/ajG448PXen
I always tell buyers that they need to find a small business that makes money and is filled with operational problems. Learn more on How to Sell my own Business? The Book is available on https://t.co/l2EObkfURN https://t.co/61RdkEGqrU
