Know What's Happening in Private Equity
Know What's Happening in Private Equity
Lead Edge Capital launches AI‑driven secondary fund
Lead Edge Capital announced its seventh flagship vehicle, targeting secondary market investments across fund‑level and direct‑secondaries. The fund will use artificial‑intelligence analytics to improve deal sourcing, pricing accuracy and risk assessment, aiming to capture value in a shifting market.
The March 3 2026 InsideArbitrage Event‑Driven Monitor reports a flurry of high‑profile M&A activity, including Global Infrastructure Partners and EQT’s $33.4 billion acquisition of AES at a 13.2% discount and a co‑founder‑led consortium’s $3.9 billion purchase of Select Medical at a 10% premium. Pending deals such as Paramount‑Skydance’s bid for Warner Bros. Discovery could reshape streaming, while a non‑binding $10‑$11 per‑share proposal targets Reservoir Media. The roundup also highlights notable insider purchases and a wave of share‑repurchase programs, most prominently ADT’s $1.5 billion buyback covering roughly 26% of its market value.
![[Update & Reveal] John Wood Group: Buyer Lock-In via Lending Pays Off: Double-Digit Gains Since January](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://substackcdn.com/image/fetch/$s_!B5NZ!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F32978d04-1cd9-421d-91c4-d4ab686c7abd_577x577.png)
John Wood Group’s merger with Sidara has cleared all antitrust and regulatory hurdles, confirming the buyer’s lock‑in strategy that began with a $250 million loan injection. The regulatory green light on March 3 triggered a share price rise to 28.70 pence, delivering double‑digit...
Select Medical Holdings agreed to be taken private for $3.9 billion by a consortium led by co‑founder Robert Ortenzio, senior executive Martin Jackson, and private‑equity firm WCAS. The deal offers $16.5 in cash per share, a 10% premium to the prior...
Consilium, a specialty re/insurance broker, has launched a dedicated policy for private‑equity firms within its Professional & Executive Risks division. The product, crafted with in‑house legal counsel, covers professional liability, crime, directors‑and‑officers, cyber and portfolio‑company risks under a single solution....
Japanese healthcare private‑equity pioneer NPMI announced the launch of its second vehicle, NPMI Fund II. The fund is being pitched to global limited partners and could be up to six times larger than the inaugural fund, according to Private Equity...
Friday: RedBird helps Paramount pry Warner Bros. away from Netflix. Monday: RedBird helps Artists Equity ink major streaming deal with Netflix.
DealRoom launched a Roll‑Up Bundle aimed at private‑equity‑backed companies that run multiple acquisitions simultaneously. The bundle adds Enhanced Permissions, Multi‑Room Updates, Template Rooms, and a Project Management Suite to automate repetitive M&A tasks. By centralizing access controls, standardizing deal rooms,...
![How to Improve Your M&A Process Using Agile [Must Read]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://cdn.prod.website-files.com/5a710020b54d350001949426/5e975c0ed4e0eadb8569babe_Artboard%201-100.avif)
Kison Patel’s new book *Agile M&A* proposes a project‑management framework that brings responsiveness, collaboration, and continuous improvement to the traditionally rigid M&A process. In a recent interview, Patel explains how techniques such as backlogs, short stand‑up meetings, and cross‑functional squads...
DealRoom Pipeline introduces a unified platform for M&A deal management, consolidating emails, documents, notes, and task tracking in one view. The solution offers customizable Kanban or spreadsheet‑style pipelines, allowing teams to filter deals by priority, region, or financial metrics. Integrated...
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National Express has completed roughly 30 acquisitions of family‑owned transportation firms, largely by contacting private sellers directly. The company balances the benefits of broker‑mediated deals—more organized processes—with the flexibility of unrepresented negotiations, where early valuation ranges help manage inflated seller...
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DealRoom released a practical guide outlining ten actionable tips to streamline M&A deal management. The advice ranges from creating reusable template rooms and assigning stakeholder followers to leveraging dynamic work‑lists, audit logs, and automated dashboard reports. By optimizing document handling,...
In a recent podcast, Anirvan Sen of Fifth Chrome argues that post‑merger integration should prioritize growth capabilities and revenue synergies over traditional cost‑cutting targets. He advocates a blueprint‑style integration plan that starts at the strategy stage, mapping key customer journeys...
Fiber provider Fidium launched a $664.6 million asset‑backed securities program, issuing three tranches (A‑2, B, C) slated to close on March 31. The trust holds conduits, cables, equipment and contracts covering about 351,000 subscribers across eight states, with Maine, New Hampshire and Texas...
SouthCraft Home Builders announced it will operate as SouthCraft by Empire Homes, reflecting its 2025 acquisition by Empire Homes. Matt Roesch, a veteran homebuilder, was named division president to steer the rebranded unit. The new brand leverages Empire’s scale and...
BNP Paribas highlights the growing appeal of alternative evergreen structures, such as run‑off evergreens and rolling‑vintage umbrella funds, among institutional investors. These vehicles differ from traditional closed‑end drawdown funds by allowing continuous capital commitments and periodic vintage refreshes. The bank...
RMG ML Sports Holdings and Mercator Acquisition Corp have each filed S‑1 registration statements to launch new special purpose acquisition companies (SPACs). RMG ML Sports will trade under the ticker SHOTU and focuses on sports‑media and technology investments, while Mercator...
HGGC announced that its fifth fund, Fund V, was oversubscribed, driven by a strong track record of returning capital to investors. The firm highlighted that over the past two to three years it has distributed significant cash back to limited...
Episode 56 of the Special Situations Report features Ehsan Ehsani, executive director at Crescendo Partners and Columbia Business School adjunct, promoting his new book "Finding Value in Numbers." The interview delves into quantitative investing tools, the Kelly Criterion for portfolio...
Canadian facilities‑management firm BGIS has entered an early‑stage sale process led by private‑equity sponsor CCMP. Sources indicate the transaction could be priced at roughly 12 times EBITDA, valuing the business near $2.2 billion. The move reflects heightened interest in stable, cash‑generating...
BC Partners' Europe chairman Nikos Stathopoulos says tariffs are the top risk for private equity. He adds that despite regulatory complexities, Europe currently serves as a safe‑haven for investors. The firm highlights that tariff volatility threatens deal pricing and exit...
Amadeus IT SA is in advanced talks to acquire Idemia Public Security for an estimated €2‑3 billion, a move that would combine the airline‑tech group’s travel‑focused biometric suite with Idemia’s law‑enforcement and border‑control capabilities. Idemia PS brings core biometric algorithm IP...
The Private Equity International (PEI) Awards 2025 honored firms that excelled in emerging markets, underscoring a shift toward Middle East opportunities. Global general partners (GPs) are now scrutinizing the Gulf’s evolving regulatory and economic landscape. Limited partners (LPs) report difficulty...
February 2026 saw a surge in SPAC‑related corporate actions, with 45 vehicles filing deadline extensions and redemption requests climbing 30% year‑over‑year to $1.2 billion. Twelve de‑SPAC mergers closed, delivering a median post‑merger share price uplift of roughly 15%. The activity reflects...
Alexa Boghosian has joined Lightspeed Venture Partners as a Partner in its Growth Private Equity group, focusing on majority stakes in software and tech‑enabled services platforms. She brings a particular interest in healthcare technology and AI‑enabled services, aiming to build...
How MBAs look at a 27 year old HVAC business in Omaha with no website:
Littlejohn & Co. announced Shant Mardirossian as its first managing director and chief operating officer. The newly created position will report directly to the firm’s managing partners and coordinate finance, legal, compliance, operations, and investor‑relations functions. Mardirossian’s mandate includes driving...
Europe’s infrastructure market underperformed this quarter, dragging down OMERS’ overall portfolio returns. The Canadian pension fund reported weaker earnings as its European assets lagged behind more resilient regions. Quinbrook Infrastructure Partners announced the appointment of a new Managing Director for...
Private equity firm Bain Capital announced it will acquire a majority stake in Tingstad, the Gothenburg‑based Swedish distributor of non‑food consumables. The deal, advised by Jefferies and others, keeps founder Paul Jigberg and the management team on board with a...
Global Eggs announced a private‑equity investment of up to $1 bn from Warburg Pincus. The deal values the multinational egg producer at roughly $8 bn. The company, founded in 2018, now runs more than 50 farms across the United States, South America and...
Spent a long weekend with a group of folks in the mountains of Switzerland. All top people in their fields: a senior position in investment banking, CFO of a bank, serial acquirers, PE investors, etc. Some of the obvious observations: 1. Everyone’s busy,...
it’s your promotion year at Blackstone and Jon Gray calls and asks if you wanna buy some SaaS loans at 98 cents: https://t.co/7xdf7c8YNt https://t.co/CvnV13BVpL
The firm’s Annual Review has been published, showcasing the winners of its 2025 award program. In a separate commentary, Moody’s analysts highlighted liquidity issues rather than performance when evaluating Blue Owl’s credit profile. Bridgepoint announced an expansion of its investment...
Databricks today disclosed audited GAAP financials. That's the sort of thing a company does when it's prepping to go public.
"Another great way to do smaller deals and reduce risk is to do leases on used equipment. Just like cars, most of the depreciation on equipment happens in the first few years." –Invest Local (2014) https://t.co/l2EObkfURN https://t.co/X97c95CkJd
Spanish ice‑cream group Grupo Alacant, backed by private‑equity firm InvestIndustrial, announced it will acquire Ireland’s Silver Dairy Ventures (Silver Pail). The deal, terms undisclosed, is projected to generate roughly €300 million in annual revenue for the combined entity. Silver Pail, based in Fermoy...
Today's M&A notes - $WBD to be acquired by $PSKY for $31.00, 147.2% premium, $110bn - $AES to be acquired by GIP / EQT / CalPERS / QIA for $15.00, 35.5% premium, $33.4bn - $ASCU.to to be acquired by $HBM.to for 0.242x shares,...
Henry Costa Partners, a specialist merchant bank serving European financial institutions, announced two senior appointments. Jeanie Kim joins as partner and head of Advice & Principal Investments, while Katherine Rainwood becomes partner and group Chief Operating Officer. The hires broaden...
Sweden’s Skandia, through head of private equity Stefan Fällgren, outlined its criteria for selecting a replacement general partner (GP) in a brief video. The insurer emphasized that a GP must demonstrate a strategy capable of delivering outperformance over an extended...
UK Private Capital, representing private‑equity and venture‑capital firms, is urging the British government to introduce a Scaleup Reinvestment Relief (SRR). The proposal would create a capital‑gains‑tax reinvestment relief for gains that are ploughed back into qualifying UK‑headquartered scaleups, growth‑equity funds...
Metrics Credit Partners' Andrew Lockhart highlighted the robustness of Australia’s real estate debt market, noting that the pipeline remains strong despite recent macroeconomic pressures. He cited a pipeline of roughly AUD 15 billion in senior and mezzanine loans slated for issuance...
Park Square Capital’s Robin Doumar warns that private‑debt markets have shifted from a focus on broad exposure to rigorous selection. As more capital chases a limited pool of borrowers, pricing pressure and credit quality concerns intensify. Doumar stresses that investors...
Credit managers who apply disciplined, thoughtful deployment strategies are poised to capture gains as private credit allocations continue to expand, according to Brinley Partners’ Kerry Dolan and Rex Chung. The firm highlights that rising institutional interest in private credit underscores...
Private credit managers are widening their product menus and deal structures as borrowers demand more flexibility and creative financing, according to Latham & Watkins partners. The industry is moving from deep, niche lending toward a broader suite of solutions, including...
Oak Hill Advisors predicts 2026 will be a robust year for distressed‑credit investments, citing a surge in corporate debt maturities and lingering macro‑economic headwinds. Partners Joseph Goldschmid and Christopher Kenny say the firm is actively sourcing high‑yield, non‑investment‑grade opportunities as...
Kartesia Asset Finance’s Fabrice Fraikin argues that private‑credit‑backed asset‑backed finance (ABF) is entering a rapid expansion phase in 2026. He highlights that while capital inflows are surging, the sector’s success hinges on meticulous underwriting and granular data analysis. Fraikin warns...
Polus Capital Management has purchased a 26.54 percent stake in Arqiva from Macquarie, becoming the company’s largest external shareholder. Polus, which manages roughly $14 billion in assets, highlighted Arqiva’s role in the UK’s national communications backbone and its stable, sustainable growth trajectory....
