Know What's Happening in Private Equity
Know What's Happening in Private Equity
Lead Edge Capital launches AI‑driven secondary market fund
Lead Edge Capital announced the launch of its seventh flagship fund, targeting secondary market investments across fund‑level and direct‑secondaries. The new vehicle will use artificial‑intelligence analytics to enhance deal sourcing, pricing accuracy, and risk assessment.
Blackstone has agreed to sell its Fidere residential platform to Brookfield for €1 billion, roughly $1.08 billion. The deal ends Blackstone’s involvement in one of Spain’s largest private‑rental housing portfolios, which comprises over 10,000 units across major cities. Brookfield gains a strategic foothold in the Iberian market, adding significant rental assets to its European residential portfolio. The transaction reflects a broader shift of institutional capital toward stable, income‑generating real estate.
1/Another mega M&A deal in the BioTech and Pharma sector with the acquisition of Apellis Pharmaceuticals - $APLS by Biogen $BIIB for $41 per share in cash at closing in a $5.6B deal. In addition, Apellis stockholders will also receive...
In this episode of the Raw Selection Private Equity Podcast, former CEO Meg Pogue discusses how the psychology of change and transformation impacts private‑equity‑driven acquisitions. She explains that most employees react to change with fear because it threatens their need...
Magnum Ice Cream Netherlands has finalized the purchase of a 61.9% majority stake in Kwality Wall’s (India) Ltd, acquiring 145.44 crore equity shares from Unilever and other outgoing promoters. The deal, rooted in a Share Purchase Agreement signed on June 25 2025, reclassifies...
International Holding Company (IHC) has received regulatory clearance to buy a 41.5% stake in Sammaan Capital Limited for roughly $1 billion. The deal, executed in stages, will make IHC a promoter with board control, signaling a major private‑equity‑style entry into India's...
Unilever and McCormick are in advanced negotiations to combine Unilever's food business with the spice maker in a $15.7 bn cash‑plus‑equity deal. The transaction, structured as a Reverse Morris Trust, would give Unilever shareholders about a 65% stake in a new...
Sysco Corp. agreed to buy Jetro Restaurant Depot for $29.1 bn, pausing its share buyback to focus on de‑leveraging. The deal triggered an 11.7% drop in Sysco’s stock, while the company reaffirmed FY‑2026 sales and earnings guidance.
Allbirds will sell all assets and intellectual property to American Exchange Group for $39 million, a price far below the $348 million it raised in its 2021 IPO. The deal, pending shareholder approval, sparked a 32‑36% jump in the stock and highlights...
Galapagos NV and Gilead Sciences have signed a binding framework agreement that gives Galapagos a 50% share of the $1.675 billion upfront consideration for Gilead’s acquisition of Ouro Medicines. The deal also locks in a $500 million cash pool for Galapagos, including...
French private equity firm Abenex announced that its second small‑cap fund closed at €180 million, surpassing its original fundraising target. The final close came after more than two years of marketing to limited partners. The fund, aimed at European small‑cap companies,...
Blackstone announced that its sixth life sciences fund, BXLS VI, closed at $6.3 billion, making it the largest private fund ever raised for the sector. The fund was oversubscribed and is about 40% larger than the $4.6 billion fifth fund closed in 2020,...
Nordstrom completed a $6.25 billion take‑private in 2025, giving the founding family a 50.1% stake alongside Mexico’s El Puerto de Liverpool. In 2025 revenue rose 7% to $15.9 billion, finally surpassing its 2019 peak after pandemic‑related weakness. The private structure lets the co‑CEOs...
India’s real‑estate private‑equity inflows surged 59% in 2025, reaching $6.7 billion, driven by strong GDP growth and easing monetary conditions. Office assets led the market with $2.4 billion, while data centres and residential properties also saw sizable allocations. Foreign investors contributed roughly...
Shareholders are supreme under Japanese corporate law, but shareholders' economic interests are not. What is the distinction? Japan is (in)famous for its webs of cross-shareholdings. Suppliers, customers, financial institutions own shares in each other, and always support incumbent management with their...
BX 2026‑ALOHA has launched a $1.2 billion single‑borrower CMBS transaction. The deal, backed by a non‑recourse first‑lien mortgage, covers 36 Hawaii properties—20 retail, 15 industrial and two office assets—leasing 92.7% to over 670 tenants. KBRA assigned AAA, AA‑, and A‑ ratings...
Aurinia Pharmaceuticals announced a definitive agreement to acquire Kezar Life Sciences for $6.955 in cash per share plus a contingent value right (CVR). The deal, slated to close in Q2 2026, gives Aurinia access to Kezar’s lead immunoproteasome inhibitor, zetomipzomib, and...
BTG Eddisons Property Auctions has rebranded after acquiring Network Auctions, joining three other firms under a single national brand. The combined group, which includes Pugh, SDL Property Auctions and Mark Jenkinson, sold more than £375 million (≈$480 million) of property and land...
Macro: Organigram acquires Sanity, expands into EU; Key: 93% vote, BAT financing, 68.6% LTM rev, positive EBITDA; Risks: closing risks, earnout; Trade: buy on pullback — Viktor Kopylov, PhD, CFA. More insights: t.me/si14Kopylov
In today’s @FT Due Diligence newsletter: Private capitals disappointment era begins. an insurance intrigue, and The Decision 2.0. https://t.co/I1NYRv0vZ4 https://t.co/3VhyHDtFkB
Herbalife Ltd. agreed to buy assets of UK‑based Bioniq for $55 million, with $10 million paid at closing and up to $95 million in performance‑based earn‑outs. The acquisition is designed to expand Herbalife’s data‑driven, personalized nutrition offerings through its global distributor network.
Macro: PE buying supports LatAm consumer valuations. Advent to buy 8–10% of Natura at R$9.75; founders exit sparks governance risk. Trading insight: expect near-term volatility. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Sysco just acquired Restaurant Depot from its 94 year old founder for $29B. Every founder will eventually exit their business at some point.
Levine Leichtman Capital Partners has introduced a new small‑cap private‑equity fund aiming to raise $1.7 billion. The vehicle will target companies with enterprise values below $500 million, leveraging the firm’s sourcing network and operational expertise. Large institutional investors, especially U.S. public pension...
Weil, Gotshal & Manges announced the hiring of a former Kirkland & Ellis partner to strengthen its private‑equity practice. The new lawyer will focus on General Partner (GP)‑stakes transactions as demand for sponsor‑led deals accelerates. GP‑stakes activity has risen sharply, with...
Coatue Management disclosed a projection that AI safety startup Anthropic could reach a $1.995 trillion valuation by 2030. The firm’s model shows a $14 billion EBITDA loss on $18 billion revenue in 2026, rising to $48 billion EBITDA on $200 billion revenue by 2031. Recent...
Solid thoughts Art… Compressing “time to scale” is always a good M&a model — as is “owning a loved brand” Facebook was quickly copying WhatsApp and instagram — but decided to accelerate through an acquisition (and got two more swings...
Verizon Communications, led by CEO Dan Schulman, has reduced combined operating and capital expenses by $9 billion, closed its $20 billion purchase of Frontier Communications and announced a $25 billion share‑buyback. The moves underpin a free‑cash‑flow surge and the company’s 20th straight dividend...
Uber announced the acquisition of Blacklane, a Berlin‑based chauffeur‑hailing startup, to deepen its luxury travel portfolio. The deal, pending regulatory clearance and slated to close by year‑end, adds Blacklane’s presence in 500 cities to Uber’s newly launched Uber Elite service,...
Sysco Corp. saw its shares tumble 11.7% to $72.23 after announcing a $29.1 billion acquisition of Jetro Restaurant Depot. The deal includes $21.6 billion in cash and 91.5 million Sysco shares, and the company put its share‑buyback program on hold to prioritize rapid...
Talent agencies are increasingly leveraging high‑margin brand and marketing partnerships to outpace traditional commission‑based talent representation. Landmark deals such as CAA’s 1991 Coca‑Cola consulting contract demonstrated the profitability of corporate collaborations, a model now replicated by agencies with partners like...
Kevin Tang, newly installed CEO of Aurinia Pharmaceuticals, has revived his bid for Kezar Life Sciences with a $50 million offer of $6.95 per share, roughly matching Kezar’s $47 million market cap. The proposal follows Tang’s earlier, unsuccessful $1.10‑per‑share attempt made through...
A looming debt maturity wall is hitting AI‑focused software firms, prompting borrowers to sell debt amid fears of product obsolescence. Bank of America warns that 2026‑2027 loan maturities could trigger self‑fulfilling defaults, pressuring CLO managers to shy away from refinancings....
Private‑equity firms, anchored by Quadria Capital’s $4.2 billion under management, are pouring capital into Asia’s $5 trillion healthcare market to offset a chronic public‑spending shortfall. The surge creates fresh opportunities for consulting firms to advise on strategy, operations and market entry across...
“Private equity (PE) offers significant benefits during periods of market volatility by providing portfolio diversification & lower reported volatility, because PE investments are not publicly traded, they are less susceptible to daily market sentiment, offering a "smoothing" effect that reduces...
Private‑equity funds marketed for ISAs promise outsized returns, but the metrics used—chiefly internal rate of return—mislead retail investors. Over the past 15 years the private‑equity premium has evaporated, with a five‑year trailing edge of –4.62% versus the S&P 500. Layered fees,...
The Boston Retirement System (BRS) has issued a request for proposal for a $115 million private‑debt mandate. The pension fund is seeking an external manager to allocate capital in senior‑secured loans and ESG‑aligned credit. This RFP reflects BRS’s strategy to diversify...
AWL Agri Business is accelerating growth of its newly acquired GD Foods brand, Tops, which posted roughly $60 million in revenue after an 80% stake purchase last year. The company plans to double Tops’ topline to about $120 million and eventually push...
The article argues that the order of investor conversations is crucial when raising a search fund. Early meetings should be with people who already know the entrepreneur, allowing the founder to practice the pitch and secure soft commitments that act...
Amethis has acquired a majority stake in Côte d’Ivoire‑based power security provider Ademat, buying out SPE Capital’s controlling position. Founded in 1983, Ademat now offers the full value chain from generation to maintenance, including gas‑powered generators and solar panels. Under...
Brookfield Asset Management, Eurazeo SE and Tikehau Capital are doubling down on energy‑transition investments, allowing them to weather a wave of markdowns that has hit much of the private‑credit and equity space. Their strategy hinges on assets tied to energy...
KKR announced the closing of a $129 billion 2025 fund, the biggest private‑equity raise on record, aimed at acquiring and expanding AI‑infrastructure assets such as data centers and cloud platforms. The fund will back deals like the Arctos acquisition and a...
Nobody teaches you this in school: You can buy a $2M business with $0 down if you understand how sellers think.
Live Thursday Buying a Business? What You NEED to Know First. Tune in as we discuss what buyers often miss, how deals really work, and why having the right advisors can make or break your next business move. Set yourself...
Private equity firms are feeling a liquidity crunch that has led to a limited partner default, the first of its kind in recent years. The default is prompting secondary market participants to consider injecting additional capital to absorb the distressed...
#MondayMemory. February 3, 1986. #SteveJobs purchased the computer graphics division of Lucasfilm, which became Pixar for $5 million. (Steve Jobs Archive) #JVGpost https://t.co/iaFrkTcado
21 Stupid Things (2016): "my quick book on the stupid things I’ve seen business buyers do... [that have] led to many poor outcomes: working 80 hours a week... losing hundreds of thousands of dollars or being trapped in an [unsellable]...
Chicago‑based Echo Global Logistics announced the acquisition of ITS Logistics from GHK. The deal adds ITS’s technology‑enabled freight brokerage capabilities to Echo’s existing transportation platform. No financial terms were disclosed, but the transaction aligns with Echo’s strategy to broaden its...
Privatization with a wide ~18% spread. Insiders with majority control are buying out the company’s operations at a price slightly above its cash value. https://t.co/Pesdx9I3wK
Thinking about buying a business? Before you do, watch this. https://t.co/OXVqZ9Gl7L #BusinessBuying #Entrepreneurship #SmallBusiness #BusinessDeals https://t.co/CUEOFOdAds
