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.
Is Bp Pulse Plotting an Acquisition?
The episode examines the surge in electric vehicle (EV) adoption and the parallel rise in copper cable theft, which threatens both home and public EV charging infrastructure. Former detective Mark Cannona explains how thieves target copper in signal, broadband, and hospital power cables, causing costly disruptions to rail networks, internet services, and healthcare. He highlights the lucrative market for copper, fetching £6‑£8 per kilogram, and discusses the broader impact on the transition to electric mobility.
Acquire Niche Market Leaders, Not Just Many Deals
One observation stood out from my notes on the Swedish event, where more than 35 serial acquirers shared their portfolio companies, capital allocation frameworks, and long-term acquisition strategies: The deepest edge in acquisition entrepreneurship is not buying a lot of companies. It...
91trucks Acquires Motorfloor and Trucksfloor Operator Indiyanet
India’s leading digital commercial‑vehicle marketplace 91trucks has acquired Motorfloor and Trucksfloor, the two platforms operated by Bhubaneswar‑based Indiyanet. The deal merges two of the country’s top‑traffic sites, creating a more comprehensive buying and selling experience for trucks, buses and three‑wheelers....
Intra-Asia Trade the Next Hunting Ground for M&A-Hungry Carriers
Intra‑Asia container trade emerged as the most profitable segment in 2025, with volumes nearing 50 million TEU. Taiwan’s Wan Hai Lines posted the highest operating margin at 18.9%, while Cosco’s $4.3 bn net profit was buoyed by strong intra‑Asia earnings. The region’s growth,...
Private‑Equity Firms Own 488 U.S. Hospitals, Nearing a Quarter of For‑Profit Care
Private‑equity firms now own 488 hospitals across the United States, roughly one‑quarter of the for‑profit sector. The surge reflects a decade‑long wave of deals that has funneled more than $1 trillion into healthcare acquisitions, prompting debate over financial stability versus patient...
O2 Investment Partners Brings in Ex-Levine Leichtman, HIG Capital Raising Expert Rob Hays as Head of IR
Private equity firm O2 Investment Partners appointed Rob Hays, a veteran of HIG Capital and Levine Leichtman, to lead its investor‑relations function. Hays previously held senior IR roles at Franklin Templeton, Levine Leichtman, and CleanBridge Securities. The hire follows O2’s...
Orange in Advanced Talks to Sell Globecast to Verdoso, Deal Targeted for 2026 Close
Orange SA has entered advanced talks with Verdoso to sell its Globecast media services business, with the transaction expected to close by the end of 2026. The move could reshape Orange’s B2B portfolio and free capital for core network investments,...
Orange Eyes Globecast Divestment
Orange and investment fund Verdoso have entered an exclusivity agreement to explore the sale of Globecast, Orange’s media services arm. Globecast, a 24‑year‑old provider, delivers satellite, fibre and IP‑based distribution for thousands of broadcasters, rights holders and platform operators worldwide....
Exited Founder Podcast | Rachel Murphy: Selling to a Competitor and Building a Founder Exit Playbook
In this episode, host Brian Dukes talks with serial entrepreneur Rachel Murphy about her two successful exits—first a consultancy she built in her early 20s and later a healthcare‑government services firm she grew to an eight‑figure sale. Rachel shares how...
Multiple Acquisitions Outpace Single‑business Grind for Massive Exits
while you’re spending 30 years grinding one business to sell it for 4x… someone else is acquiring 16 businesses in 7 years and exiting the entire platform at 10x.
Mid‑Market Players May Challenge SAP, Oracle in $600B M&A
With M&A potentially hitting $600B in 2026, will SAP and Oracle be the big buyers, or will new mid-market players emerge? While some startups may go public, giants like Microsoft seem less at risk due to their AI investments. ...
Asia‑Pacific PE Exits Jump 24% in 2025, Net Distributions Turn Positive in 2026
Asia‑Pacific private equity saw exit value climb 24% year‑on‑year and net cash distributions become positive for the first time since 2021, driven by strong performance in Japan and Greater China. The rebound lifts liquidity for limited partners and reshapes advisory...
Apollo Gating Investors After Moody's Downgrades KKR Private Credit Vehicle
Apollo Global Management has placed a redemption gate on its private credit fund after Moody's downgraded KKR's private credit vehicle. The move signals heightened tension in the leveraged finance market and could reshape capital‑raising and distribution strategies for credit‑focused investment...
JPMorgan Launches $8 Bn Junk‑bond Sale to Fund Record $55 Bn EA Buyout
JPMorgan Chase & Co. has kicked off an $8 bn junk‑bond issuance to fund the $55 bn leveraged buyout of video‑game maker Electronic Arts, the biggest takeover in history. The deal splits into $5.5 bn of secured notes and $2.5 bn of unsecured bonds,...
Amazon Acquires Fauna Robotics, Adding $50,000 Sprout Humanoid to Its Portfolio
Amazon has completed the acquisition of Fauna Robotics, the New York startup behind the $50,000 Sprout humanoid robot. The deal, whose financial terms were not disclosed, brings a consumer‑focused robot into Amazon’s already massive warehouse‑robot fleet of over one million...
Danone’s €1B Huel Acquisition: What Does It Signal for Functional Food?
Danone has agreed to acquire plant‑based meal‑replacement brand Huel for €1 billion, marking its biggest foray into the functional‑nutrition space. The deal integrates Huel’s digital‑first, subscription‑based model with Danone’s global manufacturing, R&D, and distribution network, accelerating the group’s “Renew” strategy to...
Apac M&A Deals Continue Momentum with Vietnam, Japan, Taiwan Buys
The Asia‑Pacific region is experiencing a second year of strong M&A activity, with 2026 building on a robust 2025. Recent transactions involve hotel, food‑delivery, and energy assets across Vietnam, Taiwan, Japan, and Thailand. Japanese corporations are accelerating purchases of Western‑oriented...
Master Seller Financing: Close Deals Your Way
The 100% Seller Finance Masterclass (How I prefer to close deals) Watch The Whole Thing & Subscribe https://youtu.be/DLQpmKqi2KU?si=DTFJWU458HOy85lO
Skilled Nursing Dealbook: Nursing Homes Change Hands in South Carolina, Florida and Mississippi
A New York private‑equity firm bought a 181‑bed skilled nursing facility in South Carolina, planning to lease it to a regional operator. A New Jersey‑based operator acquired a 120‑bed Florida facility and a 100‑bed Mississippi property, both with high occupancy...
Dominating Tiny Niches Yields Premium Valuation
This niche holding company is trading at roughly 65x earnings (2025 numbers: $234M in net sales and $38M in EBITA). It focuses exclusively on acquiring and developing industrial and service businesses in narrow market niches. Its acquisition criteria are highly disciplined... it...
Private Credit Firms Face Redemptions, Gating and First Monthly Losses
Leading private‑credit managers are confronting investor redemptions, new gating measures and rating downgrades, with the sector posting its first monthly loss in years. The strain underscores growing uncertainty in the $3 trillion private‑credit market.
Jacobs Finalizes $1.6 B Purchase of Remaining PA Consulting Stake
Jacobs has completed the acquisition of the remaining equity in PA Consulting for an upfront consideration of roughly £1.2 billion ($1.6 billion). The deal, funded with cash and Jacobs shares, is expected to be accretive to adjusted earnings per share within the...
Episode 93: Inside the Deal with Brian Allen
In this episode, Brian Allen, CEO of Certus Solutions—a leading IBM‑focused software and services firm in Australia and New Zealand— discusses the company’s two‑decade growth, its strategic sale to Aegis Group, and his post‑exit plans. He explains how a planned...
Apollo’s Vehicles Built to Absorb 5% Quarterly Redemptions
More color on today’s news via Apollo CEO: “Vehicles are designed to redeem 5% per quarter,” ceo Marc Rowan tells me. “For us, we raised approximately $750m of new money this quarter and redeemed $750 m (5%) with some amount...
From M&A in Africa to Enterprise Wireless Infrastructure, DC Moore of ATG
In this episode, host Nick Law talks with DC Moore, a former Motorola, Lockheed Martin, and McKinsey executive who spent eight years doing M&A in Africa before acquiring and running Atlantic Technology Group, an enterprise wireless and mobility solutions provider. DC...
Ares Buying 36 Industrial Properties From EQT For $650M
Ares Management is purchasing 36 industrial warehouses from EQT Real Estate for more than $650 million, marking its second major acquisition from the seller in four months. The transaction includes 7.3 million square feet of space, financed with a $500 million two‑year floating‑rate...
The Six Types of Due Diligence You Need Before Merging
The article outlines six essential due‑diligence categories that CPA firms should evaluate before merging, stressing that the scope must be tailored to each transaction. It recommends pairing a Letter of Intent with reviews of financial, tax, legal, operational, cultural, and...
Subprime Lender Goeasy Secures Debt Relief After Share Slide
Goeasy Ltd. secured debt‑relief concessions after a Q4 charge‑off surge of C$331 million ($241 million) forced its auto‑lending unit LendCare out of compliance, sending shares down over 60 % and its 6.875 % note to 79.25 cents. Lenders waived covenants, raised spreads by 100 basis...
From Family Firm to CRE Giant, 4,500% Return
He turned a family real estate business into the largest U.S. publicly traded commercial real estate company, delivering 4,500% total return for shareholders since IPO.
Victory Capital Abandons Janus Deal over Committee Opposition
Victory Capital has pulled out of Janus acquisition after not getting support from Janus’ “special committee” https://t.co/VSWcoMUQal
Behaviour Acquires The Fun Pimps, Creators of 7 Days to Die
Behaviour Interactive, Canada’s largest game studio, announced the acquisition of The Fun Pimps, the developers behind the survival‑horror hit 7 Days to Die. The title has sold more than 20 million copies since its 2013 early‑access launch and maintains a vibrant...
AI Era Sparks Surge in PE Property Deals
Sign of the (AI?) times: Currently receiving ~3 emails per week from PE trying to buy our property management business
Private‑Market Panic Unfounded, Says Alisa Wood
“Something we think about a lot, is this a market where if someone sneezes, everybody catches a cold?” Fun and timely chat with Alisa Wood @kkr, who thinks no. “Bring it on,” she says of current private-markets panic https://t.co/SgyyExco57
Mutual Benefit: How Private Equity Is Supplying Capital to US Mutuals
Private‑equity firms are increasingly channeling capital into U.S. mutual insurers, addressing longstanding funding gaps and technology shortfalls. In the past year, roughly $1.2 billion of preferred equity and mezzanine financing has been deployed across 12 mutual carriers. The capital is earmarked...
KKR Approaches First Close of Around $5bn for Third APAC Infra Fund – Exclusive
KKR is nearing the first close of its third Asia‑Pacific infrastructure fund, targeting roughly $5 billion in commitments. The firm is on pace to exceed the $6.4 billion raised for its second APAC fund, which already set a regional fundraising record. The...
Advent to Acquire Body Care Brand Salt & Stone
Advent announced the acquisition of Salt & Stone, the fast‑growing body‑care brand known for its natural, cruelty‑free products. The transaction includes the exit of Humble Growth, which made a minority investment in Salt & Stone in 2024. Financial terms were...
Main Post Invests in Pretzel Brand Stellar Snacks
Main Post, a venture capital firm focused on consumer brands, has announced an investment in Stellar Snacks, a pretzel maker. Stellar Snacks already enjoys broad retail distribution, with its products available at major chains including Costco, Target, Sprouts, Kroger, Albertsons,...
US Tech Entrepreneur Kal Somani Buys Rajasthan Royals for $1.63bn
Bundesliga International has signed a three‑year partnership with Thailand’s leading telecom provider AIS, beginning in the 2026‑27 season. The deal will stream all nine Bundesliga matches per matchday, plus marquee events, on AIS PLAY, integrating the league into the platform’s premium...
Turnspire Said to Collect Bids for USG Water Solutions; Blue Fire Equity’s Farrah Holder on Marketing and PE
Turnspire Capital Partners is set to solicit first‑round bids in mid‑April for USG Water Solutions, the municipal water‑service firm it added to its 2023 portfolio. The bid process signals a potential sale or strategic partnership for the utility provider. In...
Cerebral Acquires Cognitive Behavioral Therapy App Inflow to Expand ADHD Treatment
Cerebral, a large integrated mental‑health provider, has acquired Inflow, a CBT‑based digital therapeutic app for adult ADHD, though financial terms were not disclosed. Inflow delivers short, science‑backed daily modules and is supported by an eight‑week randomized controlled trial showing significant...
Exclusive: Bettani Farms CEO on Its Acquisitions & Plans to Stretch the Vegan Cheese Category
Bettani Farms, the former Climax Foods, raised $6.5 million and acquired Hungry Planet, Numu and Stockeld Dreamery to create a unified vegan cheese platform. Leveraging its AI‑powered Caseed ingredient, the company unveiled a high‑stretch mozzarella that mimics dairy performance, achieving a...
PSERS to Commit up to $275m Across Warwick Partners, LS Power Funds
The Pennsylvania Public School Employees’ Retirement System (PSERS) announced commitments of up to $275 million to two private‑market funds managed by Warwick Partners and LS Power. The allocations are earmarked for infrastructure and renewable‑energy projects and will be drawn down over...
What Private Equity Buyers Really Want in a Business
In this episode Jacob Oros interviews Eric Wicklant, partner at Spaceside Equity, about the firm’s private‑equity strategy for middle‑market manufacturing businesses. Spaceside targets companies with $50‑500 million in revenue, focusing on misaligned ownership structures where they can apply a 27‑tool value‑creation...
Hybrid Advisors, Faithstone Capital Eye $3bn Fund of Funds Platform Through New Joint Venture
Hybrid Advisors and Faithstone Capital Partners have formed a master joint venture, Hybrid Faithstone, to expand the Hybrid Advisors platform into a $3 billion fund‑of‑funds vehicle. The partners aim to raise and deploy the capital over the next 18 months, creating...
Early Mover AI Investor Air Street Capital Continues Rapid Fund Size Growth with $232m Fund III Close
Air Street Capital has closed its third venture fund at $232 million, almost twice the size of its second fund. The new capital will be deployed into early‑stage artificial‑intelligence startups, building on the firm’s track record of backing market‑defining technologies. The...
Urbania Acquires Binge Audio to Bridge Podcasts and TV
Montreal‑based media company Urbania announced the acquisition of Binge Audio, the independent French‑language podcast network known for hits such as "Les Couilles sur la table" and "Programme B." The deal gives Urbania a portfolio of popular podcasts with an estimated...
Inside the €1bn Huel Sale to Danone
Danone has agreed to buy UK nutrition brand Huel for €1 billion, expanding its portfolio into plant‑based, ready‑meal offerings. Huel, founded in 2014, grew through a digital‑first direct‑to‑consumer model, leveraging social media and creator partnerships to reach a global, younger audience....
Side Letter: Disrupting Secondaries
AI-related risk assessments are reshaping private‑equity secondary market processes, prompting firms to embed stricter side‑letter provisions. In Japan, limited partners are rapidly rotating commitments, creating a “musical chairs” dynamic among dealmakers. Meanwhile, a recent poll shows half of general partners...
Senate Probe of Private‑Equity Child‑Care Chains Lacks Public Detail
A Democratic senator announced a Senate investigation into the two largest for‑profit child‑care chains, focusing on private‑equity ownership and rising prices. The announcement provided no concrete figures, company names, or timeline, leaving the market to await further clarification.
Vensure Secures $450M Debt Deal to Power AI‑Driven M&A Spree
Vensure Employer Solutions closed a $450 million senior secured financing with Stone Point Capital Markets, earmarked for a rapid merger‑and‑acquisition push and the rollout of AI‑powered HR tools. The deal expands Vensure’s capacity to integrate more than 100 recent acquisitions and...