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:
JPMorgan Chase is preparing to place more than $30 billion of leveraged‑finance debt for upcoming buyouts, including Electronic Arts, Sealed Air and a pending Qualtrics transaction. The bank’s effort follows CEO Jamie Dimon’s warnings that the credit cycle could turn sour, putting investor appetite to the test. The offerings will consist of high‑yield bonds and leveraged loans slated to launch next week. This marks one of the largest LBO‑focused debt pushes in recent years.
Yes... the holding company that has acquired 160 companies in nine years is Evergreen. Ramsey, the co-founder in the middle next to Alex and me, spends his time speaking with business owners and leading Evergreen’s new platform and add-on acquisitions. He was...
I’m genuinely interested in everyone’s thoughts. IMHO, what’s stoking fear @AcaciaCap isn’t our bid but the massive declines in everything from OTF, TCPC, FSK, OXLC, BPRE, the tripling of outflows for Cliffwater and Blue Owl, the frauds, the rise in...
Thames Water’s creditor consortium, London & Valley Water, has presented Ofwat with a "best and final" rescue package to avert a special administration regime. The deal adds roughly £3.4 billion of equity and £3.3 billion of new debt, while writing off about...
One of the biggest reasons investors get excited about serial acquirers: They solve the reinvestment problem. In most businesses, good reinvestment opportunities are limited. You fund the core projects, maybe expand capacity, invest in product… and after that, the incremental dollar usually...
Redbird’s Gerry Cardinale and Jeff Zucker expressed interest in buying Washington Post in 2023, per @nytimes: https://t.co/v5fCZ26uuf
Exit activity accelerated in January, with 148 sponsor‑backed transactions—the highest monthly count since 2023. The total deal value reached $51.6 billion, surpassing the trailing‑12‑month average by 26 %. This heightened exit velocity indicates stronger portfolio distributions for private‑equity and venture‑capital firms. Analysts...
How Much Money Do You Actually Need to Buy a Business? The answer is simpler—and more realistic. https://t.co/1vSKngieRj #SmallBusiness & Deal Making #SMB https://t.co/8co8xWB3QJ
Jared Kushner, founder of Affinity Partners and Trump’s Middle East envoy, is attempting to raise at least $5 billion for his private‑equity firm. The fundraising push focuses on sovereign‑wealth funds in the region, with Saudi Arabia’s Public Investment Fund already contributing...
Because founders are famously optimistic about the future of their business, selling their company during a growth phase may feel like giving away too much upside. A couple things to think about in this case: 1. A liquidity event is...
There is a holding company acquiring technology services businesses. Since its founding in 2017, it has completed more than 150 acquisitions. Its highest annual acquisition volume has been as many as 47 companies in a single year. Today, the company generates $1.5...
A Commonfund survey of over 200 institutional investors shows half of them view private equity as the best source of absolute or total returns in 2026, outpacing public equities (40%) and venture capital (34%). Geopolitical events dominate concerns, cited by...
Leaving aside the bad precedent (govt threatening to shut down a co unless it gets paid), the fee itself is kinda insane. The entire enterprise value was only around $14 billion. So this would be a 71% “banker’s” fee.
$PZZA is back in the rumor mill - This time Irth Capital is mentioned alongside Brookfield. - Irth already owns ~5% and reportedly tried to bid last year. - Rumored price: $47/share vs $36 today. - At ~10x EBITDA, there’s room for...
Lexington Partners’ Christophe Browne told NEXUS 2026 that a growing share of limited partners (LPs) opting to roll their interests into continuation vehicles (CVs) would signal a healthy secondary market. He emphasized that CVs should be structured in an LP‑friendly...
VCs are telling their port cos with debt to start the extension process early And PE folks are planning aggressive cuts to boost EBITDA in preparation We will see lots of layoffs here… https://t.co/t5Rfcdpvvm
New Mountain Capital has teamed with Holt to negotiate a deal exceeding $30 billion, aimed at consolidating a suite of healthcare‑technology assets. The transaction centers on a portfolio that includes data‑exchange specialist Datavant, AI‑driven diagnostics firm Machinify, and service providers Office...
Private‑equity firms are finding it increasingly difficult to exit portfolio companies, even those acquired before the recent market froth. Elevated interest rates, a slowdown in IPO activity, and a thin strategic‑buyer pool have created a bottleneck in the exit pipeline....
A special deal for anyone who wants to market and sell their business in 2026. Only 5 available and only until April 15th. https://t.co/2V05ALJWUW #SmallBusiness & Deal Making #SMB https://t.co/i6TXRgro9R
Former NBA executive Dave Checketts has launched the Cynosure | Checketts Sports Capital fund, a $1.2 billion private‑equity vehicle focused on high‑potential sports assets. The fund’s inaugural investment was a minority stake in ALK Capital, the owner of English clubs Burnley and Espanyol....
Private‑equity firms Ardian, Charterhouse, CVC and L Catterton led six recent transactions across the women’s health sector. The deals span fertility services, menopause therapeutics, breast‑cancer diagnostics, digital mental‑health platforms, and pelvic‑floor care. Collectively, the investments total roughly $1.2 billion, reflecting heightened...
ArcLight Capital Partners has agreed to buy InfraBridge’s 50 % stake in the Invenergy‑managed AMPCI Thermal Power (IATP) portfolio, a collection of 11 power generation assets delivering about 5.4 GW across North America. Invenergy will retain its ownership share and continue operating...
Lincoln International’s analysts Guillaume Suizdak and Juan Carlos Montoya note that private equity is paying record‑high multiples for companies involved in data‑center refrigeration and structural design. The HVAC sector is benefiting from a convergence of cloud‑driven data‑center expansion, stricter sustainability...
Arctos Partners has completed a $1.4 billion sale to private‑equity giant KKR, integrating its sports‑focused investment platform into KKR’s broader portfolio. Historically, Arctos allocated 80% of capital to minority stakes in U.S. franchises, but the partnership will pivot toward larger opportunities...
The Delaware Supreme Court’s *Thompson Street Capital* ruling applied the equitable doctrine “common law abhors a forfeiture” to a seller’s failure to meet notice‑of‑claims deadlines in a private‑company merger. In response, researchers found that roughly 20% of 4,200 examined private...
In this episode Mark Connelly discusses his reputation as a "for‑sale" board member, explaining that every mining company ultimately seeks a willing buyer and that his role is to maximize shareholder value through strategic exits or growth. He outlines how...
Quincy Jones' estate has sold his extensive music and publishing catalog to HarbourView Equity Partners, encompassing his production stakes in Michael Jackson’s Off The Wall, Thriller and Bad, as well as iconic compositions like “Soul Bossa Nova,” “Give Me the Night,”...
Prime exits® and American Healthcare Capital are marketing a fully integrated AI‑driven speech‑therapy platform in Northern California. The business combines a proprietary assessment and autism‑intervention suite funded by over $2.28 million in federal and corporate grants with a profitable clinical services...
A full-service ophthalmology practice in Southern California is listed for $4.5 million, projecting $3.3 million revenue in 2026. The practice delivers a balanced mix of exams, surgeries and in‑office procedures, with a 4.1‑4.2 star patient rating and strong referral networks. After recent...
Great Range Capital has appointed Ryan Moody to lead a search for a new industrial compliance platform, with Gary Baughman joining as executive chairman. The strategy focuses on acquiring fragmented, founder‑led service providers that deliver compliance, safety, environmental, testing, certification,...
There’s a niche holding company trading at roughly 65x earnings (2025 numbers: $234 million in net sales and $38 million in EBITA). The company focuses exclusively on acquiring and developing industrial and service businesses in narrow market niches. Its acquisition criteria are...
New Mountain Capital and Holt Capital have orchestrated a landmark transaction exceeding $30 billion, marking one of the largest GP‑stake sales in private equity history. The deal involves Holt acquiring a substantial portion of New Mountain's general partner interests, providing immediate...
The article outlines seven common reasons companies pursue mergers or acquisitions, emphasizing growth as the overarching motive. It cites a 2020 survey where 34 % of firms prioritized growth, and notes that cross‑border deals reached nearly $500 billion in 2019. The piece...
A conflict‑of‑interest issue has emerged around the valuation of loans in Blue Owl’s business development company (BDC) portfolio. The valuations were performed by Kroll, a firm with close ties to Deerfield, one of the borrowers in the portfolio. Critics argue...
The PEI Group’s GP‑led Secondaries report highlights rapid growth in the GP‑led segment, noting a 45% year‑over‑year increase in transaction volume during 2023. It outlines how general partners are leveraging continuation funds to retain control of high‑performing assets while offering...
I've never quite understood this either. Private credit is first in line during liquidations and they often lend 0.5x to 2.0x ARR when the transaction happens. After a few years of growth that's often <1x ARR and probably...
A 25‑year study shows a structural shift in cross‑border private‑equity flows. In 2016 foreign inbound deals to the United States jumped 32% while U.S. outbound activity fell 19%, marking the first convergence of the two series. The 2021 surge was...
Warburg Pincus is working with Citigroup to explore a sale or strategic partnership for Oona, its Southeast Asian digital insurer. The potential deal could value Oona at several hundred million dollars, though discussions are still early and may not materialise....
At NEXUS 2026, David Wachter of W Capital Partners highlighted the strategic value of structured solutions. He argued that keeping assets within flagship funds allows compounding growth and reduces exposure to a projected “K‑curve” market environment. The K‑curve scenario suggests...
I Squared Capital is close to securing roughly $10 billion for its flagship infrastructure fund, representing about two‑thirds of its $15 billion target as the first closing approaches. The fundraising surge mirrors a broader surge in private‑equity‑driven infrastructure capital, with global funds...
9 million businesses changing hands this decade the acquirer in your market is already calling owners already signing NDAs already in due diligence the sellers they close with this year were always going to sell to someone the only question was whether that someone was you
My conversation with Eric Wiklendt of Michigan based Speyside Equity. We discuss his journey and how the private equity firm has built a reputation as a highly operational lower-middle-market investor with close to $1B AUM, 38 total investments across 20 platforms,...
General Atlantic announced a strategic entry into the secondaries market through a partnership with Clipway. The joint venture aims to raise a $1 billion fund dedicated to growth‑equity and late‑stage venture capital secondary transactions. By leveraging Clipway’s technology platform, the partnership...
Private equity is about to eat its own software portfolio PE built the SaaS installed base by pushing cloud software into portfolio companies a decade ago. Now AI gives them a reason to rip it back out w/ @jaswu_ https://t.co/70prLKAdaG
How does @atomico scale data-driven venture investing across Europe? By integrating Crunchbase data into sourcing and diligence workflows. 💪 Today, 1 in 3 net-new opportunities in its pipeline originates from its data engine, with Crunchbase as the data backbone. 🔗: https://t.co/zf1JHLNAqP
Sycamore Partners has hired former Marks & Spencer CEO Archie Norman as a senior advisor. Norman will help manage existing portfolio companies and scout fresh investment opportunities across the UK and broader European consumer and retail markets. The appointment follows...
Blackstone and Hellman & Friedman are negotiating a joint venture with Anthropic to embed the startup’s generative‑AI technology across their private‑equity portfolios. The partnership would follow a Palantir‑style model that blends software licensing with consulting services to accelerate AI adoption...
The SEC issued new CDIs 166.02 and 166.03 that broaden exemptions for cross‑border tender offers. CDI 166.02 allows offerors to buy target shares after announcing a tender but before distributing offering documents, provided the purchases are disclosed and may continue...
Auréa’s partner Aparna Aiyar highlighted the growing resilience of the beauty sector, noting its outperformance of broader consumer‑discretionary categories despite macro headwinds. She emphasized a strategic focus on beauty carve‑outs and founder‑led brands as attractive investment opportunities. The segment’s low...
A Qatari‑backed investment vehicle, Irth Capital Management, has submitted a bid to take Papa John’s International private, with financial backing from Brookfield Asset Management. The pizza chain’s market value hovers around $1 billion, making it an attractive target for a leveraged...
