Duvel Moortgat Acquires American Craft Beer Pioneer
Duvel Moortgat, via its U.S. arm Firestone Walker, is buying Stone Brewing from Japan’s Sapporo, adding the iconic craft label to its portfolio. The deal follows Duvel’s recent purchase of the Trumer pilsner brand, expanding its presence in the American market. Stone’s flagship beers, including Stone IPA and Hazy IPA, will be brewed at Duvel’s two existing U.S. breweries. CEO Michel Moortgat sees the acquisition as a bargain opportunity as the U.S. share of Duvel’s revenue fell from 36% to 30%.
Construction M&A Activity Continues in 2026
Construction M&A surged at the end of 2025 and has accelerated into 2026, as both traditional builders and construction‑technology firms pursue acquisitions to broaden digital capabilities. Procore bought AI firm Datagrid, Autodesk added data‑visibility startup Rhumbix, and Trimble snapped up...
Repay Attracts $1B Takeover Offer
Repay Holdings received an unsolicited $1 billion takeover proposal from Forager Capital Management, offering $4.80 in cash per share—a 75% premium to the 30‑day volume‑weighted average price. Forager, which already owns a 13% stake, disclosed the offer in an SEC filing...
Forward’s Matt Leeds Targets Powerful Brands in Consumer; Reviewing José E. Feliciano’s Investment Strategy as He Reportedly Nears Deal for...
Forward’s private equity leader Matt Leeds outlined a strategy to target high‑visibility consumer and retail brands, emphasizing deals that combine strong digital footprints with scalable revenue. He highlighted the sector’s resilience and the opportunity to consolidate fragmented brands under a...
Hillhouse Targets $8bn Asia-Focused Fundraising
Hillhouse Investment Management is launching an $8 billion fundraising drive, targeting a $7 billion Asia buyout fund and a $1‑1.5 billion growth vehicle, while committing $1‑2 billion of its own capital. The campaign, aimed at Middle‑East sovereign wealth funds, endowments and family offices, seeks...
Laird Superfood Buys US Peer Terrasoul
Laird Superfood used fresh private‑equity capital to acquire Texas‑based Terrasoul Superfoods, expanding its portfolio of nuts, seeds, and baking ingredients. The deal, funded by Nexus Capital Management, lifted the firm’s ownership to roughly 71.7% after an additional $60 million equity infusion,...
Coller to Expand Under EQT’s Ownership; Plots 2026 Launch for Next Fundraising Cycle
Coller Capital, now owned by private‑equity giant EQT, announced a strategic expansion into real‑asset secondary investments and the launch of an insurance‑linked securities platform. The firm will also pursue a new credit raise to fund these initiatives. Coller’s next flagship...
AI Investor Glasswing Adds 14 Experts to Its Tech Advisory Councils
Glasswing Capital, a venture firm focused on artificial‑intelligence startups, announced the addition of 14 senior executives and domain experts to its technology advisory councils. The new members bring deep experience from leading AI research labs, cloud providers, and enterprise software...
Ex-Nuveen APAC Chief Builds New Investment Firm, Eyes GPs
Simon England‑Brammer, former Nuveen APAC chief, has launched a new investment firm aimed at allocating capital to private credit and private equity strategies. The venture, operating under a low‑profile approach, is already establishing a track record and attracting a growing...
Standard Life’s Aegon UK Acquisition Is ‘Good News for Bigger GPs’
Standard Life has agreed to acquire Aegon UK, creating a life‑and‑pensions powerhouse with roughly £480 billion of assets under management (about $610 billion). The transaction underscores a broader wave of consolidation among both limited partners and asset managers. By merging two of...
Warburg Pincus Ready to Write €200m Cheques for European Defence Companies
Warburg Pincus, the New York‑based private equity firm, has unveiled a dedicated strategy to invest up to €200 million (approximately $218 million) in European defence, security and strategic‑resilience companies. The initiative follows heightened geopolitical risk and a wave of defence budget increases...
SK Considers ‘Various Strategic Options’ to Raise Financing for BESS Developer Key Capture Energy
South Korean conglomerate SK Group, via its SK Innovation E&S arm, is exploring strategic options to raise roughly US$350 million for battery‑storage developer Key Capture Energy. The capital raise, reportedly overseen by Nomura Greentech, remains unconfirmed. KCE, which operates 623 MW of...
OpenAI to Commit up to $1.5bn to PE-Linked Venture
OpenAI is in talks to pour up to $1.5 bn into a new joint venture, DeployCo, backed by leading private‑equity firms. The venture, valued at roughly $10 bn, will see OpenAI contribute an initial $500 m with an option for an additional $1 bn,...
EQT Launches AI Infrastructure Strategy
EQT announced a dedicated AI Infrastructure strategy to fund the physical backbone needed for exploding artificial‑intelligence workloads. The firm estimates roughly $4 trillion in global capex will be required over the next five years to expand data centres, power systems and...
CVC and GTCR Make Joint Take-Private Bid for Teleflex
Private equity firms CVC Capital Partners and GTCR have submitted a joint proposal to acquire medical‑device maker Teleflex and take it private. The offer, valued at roughly Teleflex’s $5.5 billion market capitalization, comes as the company finalizes a $2.03 billion divestiture of...
Azalea Weighs Launch of Evergreen Private Equity Vehicle
Azalea, the private‑equity platform backed by Temasek, is preparing to launch an evergreen‑style fund as early as this year, subject to market conditions. Unlike traditional closed‑end funds, the evergreen structure will allow investors to subscribe and redeem continuously. The product...
PE-Backed Kpler Launches Minority Stake Sale at $5bn Valuation
Kpler, the Brussels‑based commodities intelligence platform backed by Insight Partners and Five Arrows, has launched a sale of a significant minority stake that could value the company at roughly $5 billion. Evercore is advising the process, though the exact percentage on...
Aussie Wealth Manager Warns PE Evergreens Have Overpromised on Liquidity
Gavin Ezekowitz, CIO of BFA Global Investors, warned that private‑equity evergreen funds in Australia have overstated their ability to provide liquidity to investors. He highlighted that many unlisted funds lack clear redemption mechanisms, leaving investors vulnerable during market stress. The...
India to Attract Major Share of EQT's $15.6-billion Asia Fund: EQT India Head
Private equity firm EQT says India will continue to capture the largest slice of its newly raised $15.6 billion Asia fund, roughly a third of total capital. The firm’s co‑investment model multiplies available equity by 1.6 times, expanding the deal‑making pool. Recent...
Feud Between AI Power Startup Fermi and Its Fired CEO and Top Shareholder Heats up over Proposed Sale
AI‑power startup Fermi, once valued at nearly $20 billion, now trades below $3.2 billion after missing anchor tenants for its massive Project Matador data‑center campus in the Texas Panhandle. Founder and top shareholder Toby Neugebauer, who controls roughly 40% of the stock,...
The Pulse of Private Equity – 4/20/2026
Private‑equity take‑private transactions surged in the first quarter of 2026, with total deal value climbing to $64.3 billion. That represents a 13.0 % increase quarter‑over‑quarter and a 53.3 % jump year‑over‑year. Despite the value surge, the number of deals slipped to 13 from...
Bloomberg: Leveraged Lending Insights – 4/20/2026
Retail investors are flowing back into leveraged loan funds after two months of net redemptions. The Invesco Senior Loan ETF (BKLN) posted a $265 million net inflow through April 21, reversing the $125 million outflow recorded in March. This follows a sharp February...
Topgolf Rival Chain Files for Chapter 11 Bankruptcy
Topgolf’s parent Callaway sold a 60% stake in the brand for $660 million, valuing Topgolf at $1.1 billion—down roughly 45% from its 2020 $2 billion equity value. Meanwhile, Craft Putt LLC, a two‑location mini‑golf and taproom chain, filed Chapter 11 bankruptcy in Kansas, listing...
Teledyne Technologies Inc (TDY) Q1 2026 Earnings Call Transcript
Teledyne Technologies reported record fourth‑quarter sales, with revenue up 7.3% year‑over‑year and a full‑year forecast of about $6.37 billion, matching consensus. Non‑GAAP earnings rose 14.1% in the quarter, and free cash flow hit a historic $339.2 million, lowering net leverage to 1.4 times....
Sook Defends Nexstar-Tegna, Slams DirecTV
Nexstar Media Group is pressing ahead with its $6.2 billion acquisition of Tegna despite a federal injunction filed by DirecTV and eight Democratic‑leaning states. CEO Perry Sook dismissed the lawsuit, arguing that Nexstar competes more with tech giants like Google, Amazon...
GCI Buying Quintillion
GCI announced it will acquire Alaskan fiber infrastructure firm Quintillion in a deal valued at $310 million. The transaction merges Quintillion’s 1,800+ miles of subsea and terrestrial fiber, plus roughly 1,500 miles of planned expansion, with GCI’s statewide network. GCI will...
Hitachi to Sell Home Appliance Business to Electronics Retailer Nojima
Hitachi Ltd announced it will spin off its home‑appliance division and sell an 80.1% stake to electronics retailer Nojima Corp for about 110 billion yen ($693 million). Hitachi Global Life Solutions will retain the remaining 19.9% and keep the Hitachi brand, while...
Nevada PERS Hands Control of Clearlake Assets to Adviser over Conflict of Interest
Nevada's Public Employees' Retirement System (PERS) will give its external investment adviser full discretion over its holdings in Clearlake Capital Partners, including the authority to sell the assets on the secondary market. The shift follows internal concerns about a conflict...
MBA Group Acquires Textplode, Adding RCS Capability and Strengthening Mobile Messaging Infrastructure
MBA Group completed its acquisition of Textplode on March 31, 2026, boosting the combined turnover to up to £135 million (about $171 million) and expanding its workforce to 325. The deal brings more than a decade of proprietary SMS infrastructure and software into MBA’s...
Banker's Healthcare Raises $396 Million From Consumer Loans
Bankers Healthcare Group (BHG) is launching a $396 million asset‑backed securities (ABS) program, the BHG 2026‑1CON, backed by 4,243 consumer loans to high‑income professionals such as physicians, engineers and attorneys. The deal, managed by Goldman Sachs, will issue five tranches (A‑E) with...
Standard Life Merger with Aegon UK Is ‘Good News for Bigger GPs’
Standard Life and Aegon UK announced a merger that will create a life‑and‑pensions powerhouse with roughly £480 billion of assets, equivalent to about $610 billion. The combined entity will rank among the largest European pension managers, reflecting a broader wave of consolidation...
Covenant Trends – 4/13/2026
Covenant Trends released its April 2026 report highlighting the proportion of loans that permit uncapped synergies and cost‑savings EBITDA adjustments. The data shows roughly 45% of sponsored‑bank loans allow such adjustments, compared with about 30% of non‑sponsored loans over the...
Studio71 Sold to Fixated, Giving Company Network of 1,000-Plus Digital Creators
Los Angeles‑based Fixated has purchased creator‑media company Studio71, merging their talent representation, production and distribution capabilities. The combined entity now serves over 1,000 digital creators across platforms such as YouTube, TikTok and Twitch, and inherits Studio71’s podcast network and long‑standing...
HIG Seeks Bids for Capstone Logistics, Sources Say; Roofing Deals Draw Angeles Partners, Sumeru, Osceola and Huron
HIG Capital has launched a sale process for its logistics subsidiary, Capstone Logistics, and will collect first‑round bids by early May. Capstone, a third‑party logistics provider with roughly $300 million in annual revenue, is being positioned at an estimated $1.2 billion valuation....
EXEC: Apparel, Footwear and Accessories M&A Retracted DD in 2025 Due to Tariff Impact
M&A activity in the Apparel, Footwear & Accessories sector fell 13.6% in 2025, dropping to 152 deals – the first year‑over‑year decline since 2022. The slowdown was driven by lingering tariff uncertainty, especially on China and Southeast Asia, which caused...
PDI Picks – 4/20/2026
Secondaries activity accelerated in 2025, with transaction volume and fundraising both posting double‑digit gains. A recent poll shows 33% of investors expect deployment to slow markedly in 2026, while 54% foresee faster or slightly faster activity. The mixed outlook highlights...
Apollo Is the Latest Fund to Bet on European Hostels
Institutional investors are pouring capital into European hostels, with more than $1 billion deployed in the past 30 months. Apollo Global Management closed a senior €874 million (about $1 billion) loan secured by a&o Hostels’ 44 properties and roughly 30,000 beds. The financing...
Pat McGrath Labs Bankruptcy Exit Plan Approved
Pat McGrath Labs will emerge from Chapter 11 bankruptcy after a U.S. judge approved a refinancing plan on April 17. Investment firm GDA Luma committed an additional $35 million, bringing its total backing to $65 million and creating a new holding company for the brand. Founder Dame...
Secondaries Becoming a Fixture of Managing Capital for Partners Capital’s LP Clients
Partners Capital, an outsourced chief investment officer (OCIO) firm, is urging its limited‑partner (LP) clients to actively engage in the secondary market. The firm is positioning its clients as both buyers and sellers of secondary fund interests, despite some traditional...
Exclusive: HIG to Take First-Round Bids for Capstone Logistics in Next Few Weeks, Sources Say
Harbor Investment Group (HIG) is set to solicit first‑round bids for Capstone Logistics within the next few weeks, according to sources. Capstone, a third‑party logistics provider, generated roughly $215 million of EBITDA in its latest fiscal year. Its scale may deter...
Renovations, Roll-Ups and AI Roll-Outs Form PE Playbook for Booming Roofing Sector
Private equity firms are converging on the rapidly expanding roofing services market, deploying a playbook that blends renovation-focused roll‑ups with artificial‑intelligence‑driven operational upgrades. Notable investors such as Huron Capital, Angeles Equity Partners, Sumeru Equity Partners and Osceola Capital are financing...
Asyad Group and Ligentia Join Forces to Accelerate Global Growth and Enhance Technology-Driven Supply Chain Solutions
Asyad Group announced the acquisition of UK‑based Ligentia Group, creating a logistics powerhouse with operations in 24 countries and 76 cities. The deal integrates Ligentia’s Ligentix digital control‑tower platform, enhancing real‑time visibility and predictive analytics for clients. Combined, the firms...
EQT Raises $15.6bn Apac Fund
EQT’s BPEA Private Equity Fund IX has hit its hard cap, securing $15.6 billion in total commitments, including $14.9 billion of fee‑generating assets under management. The fund will pursue control investments across technology, healthcare, industrial technology, services and technology services. Early transactions...
Primark Owner Warns of Impact of War in Iran on Outlook — Making It One of the First European Retailers...
Associated British Foods (AB Foods) announced a spin‑off of its flagship clothing chain Primark, creating two separate FTSE 100 constituents. The group reported first‑half sales of £9.47 billion (≈$12.1 billion), slightly below analysts’ £9.52 billion (≈$12.2 billion) estimate, and earnings per share of 70.7 p, a...
UK Mid-Market Buy-and-Build Activity Drops 61% in 2025 After 2024 Peak
UK private‑equity and venture‑capital platforms saw bolt‑on acquisitions plunge 61% in 2025, falling from a record 114 deals in 2024 to roughly 44 deals. The slowdown was most pronounced in technology, insurance and education, while business services, financial services and...
Brookfield Eyes Circa $20bn First Close for Fund VI – Exclusive
Brookfield Asset Management is launching its sixth flagship infrastructure fund, targeting roughly $30 billion CAD (~$22.2 billion USD) in total commitments. The firm aims for a first close of about $20 billion CAD (~$14.8 billion USD) in the third quarter of 2024. The capital...
Fire Safety Pipeline Fills with Data Center Build-Out and Regulation Among Drivers; Ardian Sells Stake in Quality Management Company
Ardian has sold its minority stake in Trigo, a transportation‑sector quality management firm, to Montyon Capital. The transaction marks Ardian's latest private‑equity exit amid a broader wave of capital reallocation toward high‑growth infrastructure and data‑center projects. Trigo, which provides compliance...
Oracle Cerner: Potential Acquirers of Oracle Health
Oracle is weighing a divestiture of its Cerner acquisition, now branded Oracle Health, to free cash for a $50 billion AI‑infrastructure spend and to service a $124 billion debt load. The $28.3 bn health‑tech asset has seen customer churn, with 57 acute‑care systems...
Ardian to Exit Trigo to Montyon Capital
Ardian, the French private‑equity firm, announced it will exit its investment in Trigo by selling the stake to Montyon Capital. Trigo provides inspection, quality engineering, and industrial performance‑management services to manufacturers. The deal, whose financial terms were not disclosed, fits...
TA Associates in Talks to Take Advanced Medical Solutions Private
Private‑equity firm TA Associates is in advanced discussions to acquire Advanced Medical Solutions (AMS), a developer and manufacturer of tissue‑healing technologies. The potential transaction would take AMS private, ending its public‑market status. While financial terms have not been disclosed, analysts...