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.
IonQ Forecasts $225‑$245 M 2026 Revenue, Backs It with Skywater Acquisition
IonQ announced 2026 revenue guidance of $225‑$245 million, a $370 million backlog and a cash pile of $3.3 billion. The company also disclosed a deal to acquire Skywater Technology, offering $15 in cash and $20 in IonQ stock per share, underscoring its aggressive expansion in hardware and services.
Steve Jones Takes Ownership of Skyview Networks In Buyout
Steve Jones has completed a buyout of Skyview Networks, the Scottsdale‑based audio technology and syndication firm he has led for seven years, assuming the roles of President, CEO, and Chairman. Founder Ken Thiele and key shareholders supported the transition and will...
Permanent Equity Unveils Comprehensive Multi‑Fee Structure
After years of resisting industry norms, we’ve decided to modernize @PermanentEquity. Going forward, we will charge: a 2% management fee on committed capital a 2% management fee on invested capital a 2% management fee on appreciated capital a 1% transaction fee a 1% monitoring fee a 1%...
Santander Plans SRTs on UK, US Loans Amid Acquisition Spree
Banco Santander is arranging two large synthetic risk transfers (SRTs) to offload more than $1.33 billion of UK commercial‑real‑estate loans and about $2 billion of US corporate loans. The moves aim to free capital ahead of its $12 billion acquisition of Webster Financial...
Platinum Equity-Backed Cook & Boardman Picks up Systems Integrator Assurance Media
Cook & Boardman, backed by private‑equity firm Platinum Equity, announced the acquisition of systems integrator Assurance Media. The deal adds Assurance Media's expertise in security system integration to C&B's existing portfolio of access and security solutions. The transaction underscores C&B's...
Concentric and Summer Street Exit Their Investment in Frontier Waste Solutions
Concentric and Summer Street have sold their stakes in Frontier Waste Solutions, a solid waste and recycling firm, completing a full exit from the company. The divestiture appears to be a secondary‑market transaction, though the buyer and price were not...
Acquire Smartly, Scale Fast: Boost Valuation Through Strategic Buying
In this episode, Jeremy breaks down the art of buying versus starting from scratch, teaching you how to identify the right businesses to acquire, mitigate risks, and exponentially increase your valuation through strategic scale and financial engineering. Tune in now: 📺 :...
Family Offices Outline Concerns over Rise of Zombie Funds
Family offices are increasingly vocal about the growing problem of “zombie” private‑equity funds that linger beyond their investment period. Stonehage Fleming and GreenBear Group have called for aging funds to be wound down promptly to avoid valuation disputes and investor...
Quincy Jones Estate Sells MJ Catalog Rights to Investors
The Quincy Jones estate sold a large portion of his music rights to HarbourView Equity Partners, which included an interest in Michael Jackson’s albums: Off The Wall, Bad, and Thriller. Jackson’s catalog is believed to be one of the most valuable...
Seeking Reliable Metric for OpenAI Secondary Share Pricing
is there a reliable metric on the price of secondary shares for a big startup like OpenAI?
Exclusive: Dhan Parent to Acquire Elevation Capital-Backed Infinyte Club
Raise Fintech Ventures, the parent of stock‑broking platform Dhan, is set to acquire wealth‑tech startup Infinyte Club in a 100% cash‑and‑stock deal valuing the company at roughly $13‑15 million. Infinyte, founded in 2023, raised over $3.6 million from Elevation Capital...
Bank of Hope to Buy SMBC Commercial Unit
Bank of Hope announced an all‑cash acquisition of SMBC Manubank’s California commercial banking unit, adding eight Southern California branches, roughly $2.5 billion in commercial and CRE loans and $2.7 billion in deposits. The deal, slated to close in the second half of...
XRG and OMV Launch Borouge International, a $500 M EBITDA Synergy Polyolefins Giant
XRG, ADNOC’s international investment arm, and Austria‑based OMV closed a series of deals on March 31, 2026 that created Borouge International, a new polyolefins champion formed by merging Borouge Plc, Borealis and the acquisition of NOVA Chemicals. The venture promises more than...
Intel Gives Bullish CPU Outlook With $14.2B Ireland Fab Deal
Intel announced a $14.2 billion buyback of Apollo’s minority stake in the Fab 34 joint venture, ending the 2024 agreement where Apollo paid $11 billion for a 49% share. By regaining full ownership, Intel signals a stronger balance sheet and confidence in its...
Investor Intentions: Westfield Retirement Board Issues RFP for Private Equity
The Westfield Retirement Board, a U.S. public pension fund, has issued a formal request for proposals (RFP) to recruit private equity investment managers. The RFP signals the board’s intent to allocate a sizable portion of its portfolio to private equity,...
UK Pension Providers Back £200m Fund Aimed at Supercharging Homegrown Startups
The British Growth Partnership has raised a £200 million (~$250 million) fund, backed by pension providers Aegon UK, Cushon and M&G, to channel more domestic capital into UK venture‑capital funds. The British Business Bank serves as the partnership’s GP and also invested,...
Infra Secondaries Buoyed by Strong Pricing Despite Capital Constraints – II Global Summit
Infrastructure secondaries are experiencing robust pricing despite a notable shortage of available capital. At the PEI Group Infrastructure Investor Global Summit 2026, Macquarie’s Wandy Hoh warned that the sector’s dry‑powder is insufficient to fund a full year of projected deal...
SpaceX Rumored to Acquire Globalstar at SatShow 2026
"Rumors that SpaceX will buy GlobalStar were the buzz at SatShow 2026 last week." https://t.co/YuUnHqkpoE “I think everyone’s convinced that there will be a sale of Globalstar,” @TMFAssociates , founder of the satellite research firm TMF Associates, told @malleven33
Distribution Beats Product Quality in Market Success
People vastly underestimate the power of distribution It's why strategic acquirers always pay the most - they can have your product in 10,000 retail doors overnight It's also the reason to beware of sleeping giants. Slack was obviously the better product, but...
Aprio Acquires CAVU Advisors
Aprio announced the acquisition of CAVU Advisors, a Maryland‑based firm specializing in federal contracting advisory services. The deal adds CAVU’s expertise in Unanet, Deltek, and government‑market operations to Aprio’s integrated platform of accounting, tax, cybersecurity, and legal services. With the...
Crocs Paid Half Its Market Cap for Tiny HeyDude Sales
Last year, the Crocs brand sold ~129 million pairs of shoes - or nearly 6x greater than the ~22 million pairs that were sold under the HeyDude brand. In early 2022, Crocs paid ~$2.5 billion for HeyDude. The company's market cap is...
Molex Completes Acquisition of Smiths Interconnect
Molex has finalized its purchase of Smiths Interconnect, the largest deal in its history, adding ruggedized connectors, RF components and semiconductor‑test expertise to its portfolio. The combined company now operates more than 90 manufacturing sites across 22 countries and employs...
L Squared Wraps up Continuation Fund for Manufacturer BTX Precision
L Squared has completed a continuation fund for BTX Precision, a specialist manufacturer, with HarbourVest Partners acting as the lead investor. The transaction provides liquidity to BTX’s current shareholders while allowing the company to remain under private‑equity ownership for an...
Goodbye Partner Track, Hello “F2E”: James Bohannon of Belzberg & Co.
James Bohannon of Belzberg & Co. highlighted the fast‑growing “Finance to Entrepreneurship” (F2E) movement, where seasoned finance professionals abandon partner‑track roles in private equity or investment banking to buy and run lower‑middle‑market companies. He explained how F2Es differ from traditional...
CalPERS’ Marcie Frost, Bain Capital’s Jennifer Davis, Thoma Bravo’s Jennifer James and Others Named to PE Hub and Buyouts’ Women...
CalPERS’ Marcie Frost, Bain Capital’s Jennifer Davis, Thoma Bravo’s Jennifer James and several other senior women were named to PE Hub and Buyouts’ Women in Private Equity list. The accolade spotlights the increasing presence of female leaders across major private‑equity...
PE-VC Exits Down 40 per Cent in FY26
Private equity and venture capital exits in India slumped 40% year‑over‑year, falling to $18.8 billion across 223 deals in FY26. Total PE‑VC funding also dipped 10% to $33.9 billion, with mega deals above $100 million shrinking in both count and value. AI attracted...
Windjammer Snaps up Manufacturer PrecisionX
Windjammer Capital Partners has completed the acquisition of PrecisionX, a specialist manufacturer of high‑precision components. The deal follows Core's initial minority investment in February 2023, positioning Windjammer as the controlling owner. PrecisionX will join Windjammer's growing portfolio of advanced‑technology manufacturers....
Debtwire Middle-Market – 3/30/2026
The VanEck BDC Income ETF (BIZD) posted a dividend yield of 13.4% on March 30, up 157 basis points from the end of 2025. This rise reflects a broad repricing of business development companies, many now trading below net asset value as...
IHC Invests $1 Billion for Majority Stake in India's Sammaan Capital
Global investment firm IHC has secured regulatory approval to acquire a 41.5% stake in Sammaan Capital Limited for roughly $1 billion (INR 8,850 cr). The deal, executed in stages, positions IHC as a promoter with board control, signaling a major push into India's...
When And How To Sell Your Company
In this episode, the hosts discuss the complexities of selling a private‑equity‑backed company, covering when to exit, why timing matters, and the role of market conditions, management goals, and fund‑level liquidity needs. They explain the typical five‑year investment horizon, how...
Eir Partners Invests in Health Tech Firm Long Tail
Eir Partners has announced a strategic investment in health‑tech firm Long Tail. The capital infusion will fund continued product innovation, expansion of Long Tail's proprietary data network, and scaling of its capabilities to satisfy rising demand across health systems. While...
Godspeed Backs Galt Aerospace
Godspeed Capital announced a strategic investment in Galt Aerospace, a supplier of modern defense aerospace solutions to the U.S. Marine Corps, Navy and Air Force. The backing provides Galt with fresh capital to accelerate research, development and production capacity. The...
HIG Scoops up Aviation Security Services Firm GEG
Security services firm HIG announced the acquisition of aviation security specialist GEG from Swedish security giant Securitas AB. The transaction adds GEG’s airport screening and cargo inspection capabilities to HIG’s existing portfolio, expanding its footprint across major U.S. hubs. While...
Benchmark Starts Coverage on Digital Assets Firm Securitize
Benchmark has started analyst coverage of Miami‑based fintech Securitize, assigning a Buy rating and a $16 price target. The firm is set to list on Nasdaq via a merger with SPAC Cantor Equity Partners II. Securitize commands roughly 70% of the...
MSIG Takes Stake in Ancileo to Win Asia’s Travel Insurance Battle
MSIG Asia has taken an undisclosed equity stake in Singapore‑based travel insurtech Ancileo, forming a regional partnership to accelerate travel‑insurance distribution across Asia‑Pacific. The deal pairs Ancileo’s B2B2C platform—designed for seamless integration with airlines, OTAs and other travel sellers—with MSIG’s...
UFA Completes $48.2 Million Acquisition of AgraCity Assets
UFA completed a $48.2 million acquisition of AgriCity’s crop‑protection assets, including a finished fertilizer blender at Belle Plaine, registrations, IP and a packaging facility in Saskatoon. CEO Fred Toon emphasized that the deal uniquely guarantees farmers who were owed product by...
AI in Private Equity: Use Cases Across the Deal Lifecycle
AI is reshaping private equity across the entire investment lifecycle, from deal sourcing to exit planning. Firms that deploy AI for document processing report 50‑80% faster deal times and 35‑85% productivity gains in due diligence. A recent survey shows 82%...
Beijing’s GL Capital Holds $385m First Close for Latest Flagship
Beijing‑based GL Capital announced a $385 million first close for its flagship GL China Opportunities Fund V, representing roughly 48% of the $800 million target. The fund, launched in September 2025, will focus on buyout investments across China’s high‑growth sectors. GL Capital...
Inox Clean Energy Completes Acquisition of Vibrant Energy
Inox Clean Energy has completed the acquisition of Vibrant Energy for an enterprise value of roughly ₹5,000 crore (about $600 million), adding a 1,337 MW renewable portfolio spanning five Indian states. The deal closed in a record four months despite a volatile global...
Podcast: Adam Back and Sean Bill on Bitcoin Standard Treasury’s $4bn Deal with CEPO
Bitcoin Standard Treasury (BST) announced a $4 billion combination with Cantor Equity Partners I (NASDAQ: CEPO), a SPAC that closed last July. The deal merges BST’s extensive Bitcoin holdings and a novel Bitcoin PIPE with Cantor’s public‑market platform, creating one of the...
Press Release: AccessPay Accelerates Growth with Majority Investment From Leading Software Investor, Accel-KKR
AccessPay, a UK‑based bank integration and payment automation SaaS, has secured a majority investment from private‑equity firm Accel‑KKR. The capital infusion will fund product development, scale operations and enable strategic acquisitions, positioning AccessPay to meet rising demand for AI‑ready finance...
OceanSound Collects $3.4 Billion for Government and Enterprise Technology Bets
OceanSound Partners announced the closing of its third flagship fund, raising approximately $3.4 billion, roughly twice the size of its prior vehicle. The New York‑based firm, led by founder and CEO Joe Benavides, will deploy the capital into technology companies serving...
NY Life Insurance Arm Apogem Capital Seals $1.43bn Hard Cap Close for New Secondaries Fund
Apogem Capital, the private‑equity arm of New York Life Insurance, announced a hard‑cap final close of $1.43 billion for its latest secondaries fund. The fund will focus on acquiring secondary stakes in private‑equity portfolios, offering liquidity to existing limited partners. The capital...
Keurig Dr Pepper Completes Acquisition of JDE Peet’s and Appoints CEO
Keurig Dr Pepper has completed its acquisition of 96.22% of JDE Peet’s, moving to split the combined business into two publicly traded companies. The coffee arm, encompassing Keurig, Jacobs, Douwe Egberts, L’OR and Peet’s, will generate roughly €14 billion (about $15.3 billion) in annual...
France’s Budget Cuts Hit Ardian‑Backed AD Education and Fortress‑Owned Firms
Macron’s tightened apprenticeship funding has forced AD Education’s debt to trade at 67 cents on the euro, just months after Ardian‑backed firm raised €700 million. The policy shift also rattles Fortress Investment‑owned Brightline Trains Florida and retailer Poundstretcher, underscoring sovereign fiscal risk...
AI Boom Fuelling Demand for Private Equity Investment in Law Firms, Experts Say
Law firms are turning to private‑equity to fund AI and other technology upgrades, with UK mid‑size firms leading the trend. A recent MHA‑Law Society survey shows seven out of ten firms have been approached by PE firms and 65% already...
617 Collective Acquires Zanahoria Azul to Bolster Creator‑Economy Reach
617 Collective announced the purchase of Miami influencer talent agency Zanahoria Azul, adding a curated Hispanic creator roster to its portfolio. The deal, terms undisclosed, gives Zanahoria Azul access to 617’s capital and shared services while preserving its brand and...
InsideArbitrage Special Situations Newsletter: April 2026
InsideArbitrage’s April 2026 Special Situations newsletter updates its Deal‑in‑the‑Works (DITW) pipeline, now cataloguing 1,109 potential transactions dating back to 2017. The report highlights a renewed “relief rally” as the CNN Fear & Greed Index plunged into single‑digit territory on March 30,...
McCormick to Acquire Unilever’s Select Foods for $44.8 Bn in Cash‑Equity Deal
McCormick & Co. announced a deal to combine with Unilever Plc.'s Select Foods business, paying $15.7 bn in cash and issuing equity worth $29.1 bn. The transaction values Unilever Foods at about $44.8 bn and is slated to close by mid‑2027 pending approvals.
Shift Up Acquires Shinji Mikami's Unbound Studio to Co‑Develop Next AAA Title
Shift Up announced the purchase of Shinji Mikami's Unbound studio, pledging to co‑develop and publish the veteran creator's next large‑scale game. The deal deepens the Korean developer’s portfolio after the success of Stellar Blade and signals a high‑profile partnership that...