Today's Private Equity Pulse
Blackstone closes $13.1B Asia fund, its biggest ever
Blackstone announced the closing of its third Asia private‑equity vehicle, Blackstone Capital Partners Asia III, at $13.1 billion, surpassing its $10 billion target and more than doubling the capital of its predecessor. The fund is the firm’s largest Asia‑focused raise and Blackstone has deployed over $7 billion across 12 deals in the region in the past two years.
Also developing:
By the numbers: Metatron Private Equity acquires Green Circuits Inc.
Business Valuation: How to Find Your Business’s Value
A business valuation translates a company’s history, brand and market position into a cash figure, serving investors, owners, banks and tax authorities. The article outlines why valuations are essential for M&A, shareholder buy‑ins, ESOP updates, divorce settlements and tax planning. It reviews the main valuation approaches—discounted cash flow, net asset/book value, liquidation value and market multiples—highlighting how purpose and business condition dictate the method. Ultimately, valuations are estimates that guide strategic and investment decisions.
Percheron Capital Closes $3.1 B Fund III at Hard Cap for Essential Services
Percheron Capital announced the closing of its third fund with $3.1 billion in commitments, hitting the hard cap after an oversubscribed raise. The new capital lifts the firm’s assets under management to more than $7.5 billion and positions it to accelerate acquisitions...
Council Capital Buys MedicalServiceQuotes.com to Expand Healthcare Procurement Platform
Council Capital announced the acquisition of MedicalServiceQuotes.com, a platform‑as‑a‑service that streamlines ancillary services and pharmacy benefits for payers and employers. Backed by private‑equity firm PMPK, the deal deepens Council Capital’s foothold in technology‑enabled healthcare cost management.
Self Labs Acquires Loam to Build Privacy‑First Identity Infrastructure for the Agentic Internet
Self Labs announced the acquisition of Loam, merging its privacy‑first proof‑of‑humanity platform with Loam's agentic workflow expertise. The deal brings Loam founder Birju Shah on board as COO and positions Self to offer full‑stack identity infrastructure for AI‑driven applications.
Eleco Sells Veeuze to 3A Consult in €1.5 M Deal, Refocusing on Core Software
Eleco plc has transferred its German visualisation subsidiary Veeuze GmbH to 3A Consult UG in a management buy‑out that includes a nominal upfront payment, a profit‑share cap of €250,000 and a €1.5 million financing package. The move eliminates a unit that...
Cisco Moves to Acquire AI Security Firm Astrix for Up to $350 Million
Cisco is negotiating a purchase of Astrix Security, an Israeli AI‑focused cybersecurity startup, for a price range of $250‑$350 million. The acquisition would add non‑human identity protection to Cisco’s SecureX platform and give the company a foothold in the fast‑growing energy‑grid...
KKR’s CoolIT Sale Triggers $4.75 B Payout to 600 Employees
KKR and its Abu Dhabi sovereign‑wealth partner sold CoolIT Systems to Ecolab for $4.75 billion, a deal that will cash out equity granted to roughly 600 employees. The payout follows KKR’s practice of giving all acquisition staff a stake, a model...
Freedom Holding to Acquire 99.3% of Turkish Bank, Expanding Central Asian Footprint
Freedom Holding Corp. has signed an agreement to acquire 99.32% of Turkish Bank, giving the Kazakh financial group near‑total control of the Istanbul‑based lender. The transaction, which excludes the bank’s UK and Cyprus units, will require Turkish regulator sign‑off and...
Diyafa Acquires Majority Stake in Richard Kering’s Luxury Hospitality Portfolio
Abu Dhabi‑based Diyafa, an International Holding Company associate, completed a deal to acquire a majority stake in Richard Kering’s luxury hospitality portfolio, encompassing The Ivy Brasseries, Caprice Holdings’ fine‑dining brands and Pearly Clubs’ private members’ venues. The transaction positions Diyafa...
Build Trust Networks For
Why networks are one of the most underrated advantages in the lower middle market, and how to build them. We explore how trust, introductions, persistence, and long-term generosity can create better deal flow, stronger relationships, and a real competitive edge for...
Mutares Raises $115M and Buys Two Magna Divisions to Accelerate US Expansion
Munich‑based private‑equity firm Mutares completed a €105 million ($115 million) rights issue and bought Magna’s European lighting and car‑top systems divisions, together expected to generate $320 million in 2025 revenue. The capital will fund a second U.S. office and a €4.8 billion ($5.2 billion) acquisition...
Denver Broncos Owners Buy 40% Stake in Colorado Rockies for $672 M
Penner Sports Group, the investment arm of Denver Broncos co‑owners Greg Penner and Carrie Walton Penner, agreed to purchase a 40% minority stake in the Colorado Rockies for roughly $672 million, based on a $1.68 billion valuation. The deal gives the Rockies cash...
Dynamix Corp Pays $50 Million Breakup Fee After $1.6 B Ether Machine SPAC Collapse
Dynamix Corp terminated its $1.6 billion merger with the Ether Machine SPAC on April 8, 2026, triggering a $50 million breakup fee due April 23. The payment, equal to roughly 22% of Dynamix’s $232 million market capitalization, offers short‑term cash but does not solve a...
Negotiations End with Agreement, Not Endless Final Offers
21 hours of talks. No deal. And Vance just called it his “final and best offer.” That is not how successful negotiations end.
Leonard Green Nears $3 Billion Deal for Cumming Group, FT Says
Private‑equity firm Leonard Green & Partners is nearing a deal that would acquire construction‑project consultancy Cumming Group for about $3 billion, including debt, according to the Financial Times. Cumming, currently owned by New Mountain Capital, advises on large‑scale infrastructure programmes such...
Nvidia-Backed SiFive Secures $400 Million, Valued at $3.65 Billion
SiFive, the open‑source RISC‑V chip designer, closed a $400 million financing round that lifts its valuation to $3.65 billion. Nvidia participated alongside Atreides Management and a slate of private‑equity and venture firms, positioning the startup for a push into AI data‑center CPUs.
Capital One Completes $5.15 B Acquisition of Brex, Boosting AI‑native Payments
Capital One has closed a $5.15 billion cash‑and‑stock acquisition of fintech Brex, adding an AI‑native payments suite to its portfolio. The deal pairs Brex’s automation‑first software with Capital One’s underwriting scale, positioning the bank to compete more aggressively in the B2B...
Bill Ackman's Pershing Square Files IPO Prospectus and Launches $17.7 Bn Universal Music Bid
Bill Ackman’s Pershing Square filed a dual‑track IPO prospectus to create a closed‑end fund and list its hedge‑fund management company, while simultaneously submitting a $17.7 bn takeover offer for Universal Music Group. The moves, announced within weeks of each other, have...
Amazon Mulls Globalstar Deal as Satellite Stock Jumps 8%
Amazon is reportedly evaluating an investment or acquisition of Globalstar, prompting an 8% rally in the satellite firm’s shares. Analysts cite Globalstar’s worldwide spectrum licenses as a fast‑track for Amazon’s low‑Earth‑orbit broadband ambitions, while competitors such as Iridium and SpaceX...
Private-Equity Funds’ Woes Mean Bargains for Savvy Investors
Listed private‑equity funds are trading at deep discounts—often 30% or more—to net asset value (NAV) as investors doubt exit prospects after a multi‑year slump. Exits have begun to recover, reaching $1.3 trillion in 2025, the second‑largest year on record, and continuation...
PE Fundraising Consolidates, Smaller Funds Face Drying Capital
PE fundraising is consolidating. As funds struggle with distributions, It’s getting harder for smaller funds as fundraising dries up.
Bold Claim of No Weekend Deal Quickly Silenced
Muting those spiking the football on their "bold" call that there would be no deal this weekend.
Hospital M&A Hits Six‑Year High with 22 Deals Worth $14.5B in Q1 2026
Kaufman Hall reports 22 hospital merger and acquisition announcements in the first quarter of 2026, the most since early 2020, representing $14.5 bn of transacted revenue. The wave is fueled by divestitures, for‑profit buyers and strategic positioning ahead of upcoming policy...
Caring Cashes Out £1.4bn, Echoes Oliver’s Army
Richard Caring sells Ivy, Annabel’s and Scott’s for £1.4bn One is reminded of Oliver’s Army. https://t.co/0GLnGNUAMr
SMFG Finalizes $2.5 B Air Lease Deal, Secures 47.5% Voting Stake
Sumitomo Mitsui Financial Group (SMFG) has closed its acquisition of U.S. aircraft lessor Air Lease Corporation, taking a 47.51% voting stake and 37.51% economic interest. The deal, first announced in September 2025, marks SMFG’s biggest cross‑border leasing transaction and deepens...
Saturday Rewind: Blocking the Broadcast 'Behemoth'
California Attorney General Rob Bonta observed former President Donald Trump at a Supreme Court hearing on his birthright citizenship challenge, noting Trump appeared only to intimidate the justices. Bonta linked that courtroom moment to a broader fight against media consolidation,...
Veris Residential Targets $3.13 Bn Cash Merger at $19 per Share, Pending Shareholder Vote
Veris Residential, Inc. has announced a cash merger agreement to be acquired for $19 per share, valuing the transaction at roughly $3.13 billion. The deal, structured through a newly formed AC Residential REIT LLC, relies on a $2.08 billion bridge loan and...
OpenAI Acquires TBPN, Merging AI with Trusted Media Reach
OpenAI announced the acquisition of TBPN, a media‑tech company with a highly engaged audience of founders, investors and operators. The deal bundles AI expertise, content creators and a distribution channel, prompting marketers to reassess how they reach niche audiences. Financial...
IntelliAM Acquires RBM to Boost E‑Commerce Asset Management in Scotland’s Central Belt
IntelliAM has bought the assets and business of RBM Lubrications & Monitoring Solutions, bringing seven employees and £25,000 of engineering assets into its Scottish operation. The deal, based on RBM’s £648,331 revenue in the year to July 2025, formalises a seven‑year...
Mountain Lake Acquisition Corp. II Targets $3.25 B SPAC Deal with Quantum‑Tech Firm Terra Quantum
Mountain Lake Acquisition Corp. II has filed a letter of intent to combine with Terra Quantum AG in a $3.25 billion transaction. The deal would take Terra Quantum public via a SPAC, giving it a balance‑sheet boost to scale quantum‑algorithm, software...
Would Danone Sell Its Lifeway Stake?
Danone, which owns about 23% of kefir maker Lifeway Foods, has made two failed acquisition bids totaling $283 million and $307 million in 2024. After a lawsuit and a series of negotiations, the companies signed a cooperation agreement in October 2025 that...
Federated Hermes Completes $331 M US Multifamily Platform Acquisition
Federated Hermes has closed an $331 million deal for an 80% stake in U.S. multifamily manager FCP, adding a $3.5 billion portfolio of 75,000 units. The transaction bolsters the firm’s global alternatives arm and marks its largest U.S. real‑estate platform push to...
Blackstone Takes Minority Stake in Rowan Digital Infrastructure
Blackstone has acquired a significant minority stake in Rowan Digital Infrastructure, a fast‑growing sustainable hyperscale data‑center developer. The investment, structured through funds represented by Simpson Thacher, is aimed at expanding Rowan's U.S. campus pipeline, though the financial terms were not disclosed.
Your Question Sets Your Growth Ceiling
single location owners ask: “how do i grow?” portfolio owners ask: “what do i buy next?” the question determines the ceiling.
Ignore Debt Seniority, Destroy Acquisition Value
Buffett's hierarchy before making any acquisition: 1️⃣ Can the business pay its own way? 2️⃣ If we borrow, who now sits above the shareholder? 3️⃣ Is the upside worth that demotion? Most acquirers never ask #2. That's why most acquisitions destroy value.
Edison Partners Exits Bindplane with Sale to Dynatrace
Edison Partners agreed to sell its stake in telemetry startup Bindplane to Dynatrace, with the transaction slated to close later this month. Financial terms were not disclosed, but the deal underscores Dynatrace’s push into AI‑driven observability and Edison’s track record...
Blackstone Launches $2 Billion Data‑Centre REIT Targeting AI‑Driven Assets
Blackstone Inc. filed to list the Blackstone Digital Infrastructure Trust, a REIT‑style vehicle that will raise about $2 billion to acquire built‑to‑lease data‑centre assets tied to the AI boom. The trust will target properties valued between $250 million and $1.5 billion, offering yields...
Seagate Sells Lyve Cloud to Wasabi, Refocuses on Mass‑capacity Hardware
Seagate Technology has agreed to sell its Lyve Cloud cloud‑storage business to Wasabi Technologies, receiving equity in the buyer. The divestiture lets Seagate concentrate on its core mass‑capacity hard‑drive and SSD portfolio while Wasabi expands its pure‑play cloud offering.
MGA Consolidation Accelerates as K2 Targets $2.3B Premium Run Rate
MGA mergers are picking up pace, led by K2 Insurance Services' aggressive expansion to $2.3 billion in written premiums for 2026. The wave of deals reflects carriers’ and private‑equity firms’ push for scale and technology, while regulators and policyholders worry about...
Restaurants Still Profitable: Caring Nets £1.4B Sale
Apparently, there is still money to be made from restaurants. If you’re Richard Caring. He’s sold the Ivy Collection, Annabelle’s and Scott’s etc to an Abu Dhabi investment fund for £1.4 billion. News via propel. https://t.co/EKrWHA7ken
Oaklins Reports 44 Mid‑Market M&A Deals in Q1 2026, Cross‑Border Activity Surges
Oaklins released its Q1 2026 mid‑market M&A report, revealing 44 transactions across 22 sell‑side mandates and 13 buy‑side acquisitions. More than half involved cross‑border partners and the technology, media and telecom (TMT) sector led with 11 deals, underscoring robust deal...
Working Capital Errors Sabotage Sales, Not Profit
Why Working Capital Mistakes Kill Business Sales. It’s not profit that breaks deals—it’s what buyers discover after. https://t.co/1vSKngieRj #SmallBusiness #DealMaking #SMB https://t.co/5QAEud5N3L
Decamillionaire Fireside Chat: Due Diligence Tools, Strategies and Case Studies | Marc Halpern
In this fireside chat, Marc Halpern, co‑founder of the Deep Due Diligence Investors Club, explains how his group uses a rigorous, three‑layer framework—sponsor (the jockey), opportunity (the horse), and macro environment (the track)—to evaluate private‑placement deals. He describes their AI‑driven...
Megadeal Rumored for Russian VTB Bank and E-Commerce Major Wildberries
Russia's state‑controlled VTB Bank and e‑commerce giant Wildberries are reportedly in talks about a merger or equity swap that could reshape the country's digital finance landscape. Wildberries generated roughly $67 bn in gross merchandise value in 2025, a 49% year‑on‑year increase,...
Blackstone and TPG Finalize $6.3 B Hologic Buyout, Appoint Former Baxter CEO Joe Almeida
Blackstone and TPG have closed a $6.3 billion takeover of medical‑device maker Hologic, taking the company private at up to $79 per share. The firms also installed José (Joe) E. Almeida, former Baxter CEO, as Hologic’s new chief executive, signaling a...
Commvault Stock Jumps Over 10% as Sale Rumors Trigger Investor Frenzy
Commvault Systems saw its shares climb more than 10% after Reuters reported the board is seriously considering a sale. The company has retained Goldman Sachs, and private‑equity firm Thoma Bravo is among the rumored suitors, sparking a rapid buying spree.
Energy Vault Secures 850 MW Battery Portfolio in Japan, Boosting Global Footprint
Energy Vault Holdings announced the acquisition of an 850 MW battery energy storage system (BESS) portfolio in Japan, including 350 MW of projects slated for construction in late 2027. The deal pushes the company's owned and operated assets past the 1 GW mark...
Sumitomo Forestry Bets Big on US Housing Market, Eyeing Local Majors
Japanese construction giant Sumitomo Forestry announced a $4.2 billion acquisition of U.S. builder Tri Pointe Homes, expanding its North‑American footprint. The purchase is expected to increase Sumitomo's U.S. housing supply by roughly 60%, giving it a sizable platform in a market facing...
WPP Explores Sale of Flagship PR Agency Burson
WPP is exploring a sale of its flagship public‑relations agency Burson, formed in 2024 from the merger of BCW and Hill & Knowlton and employing about 6,000 people worldwide. The potential divestiture would represent a near‑complete exit from the PR sector and...
EPR Properties Buys Six Six Flags Parks, Deepening Experiential Real Estate Play
EPR Properties announced the acquisition of six Six Flags amusement parks, expanding its experiential real‑estate portfolio. The deal, structured with Enchanted Parks and other partners, moves the REIT beyond traditional triple‑net leases toward operating relationships in high‑traffic leisure venues.