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 underwriting capacity, capital and extensive market footprint. Together they aim to embed personalized, claim‑automation‑ready policies at the point of booking, rather than as a post‑purchase add‑on. The collaboration is timed with a strong rebound in Asian travel, positioning both firms to capture a rapidly expanding market.
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...
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...
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...
Spectator Made £6.6m Loss in Year Paul Marshall Paid £100m for Title
British weekly The Spectator posted a pre‑tax loss of £6.6 million ($8.4 million) for 2024 after Sir Paul Marshall’s Old Queen Street Ventures paid £100 million ($127 million) for the title. The 15‑month sale process cost the magazine £11.4 million ($14.5 million), turning a £2.6 million profit...
Lime Rock Unveils Succession Strategy, Co-Founders to Step Back After Almost 30 Years
Lime Rock Partners, a private‑equity firm specializing in oil and gas assets, announced a formal succession plan as its co‑founders step back after nearly three decades. Jeffrey Schofield has been appointed president and will assume day‑to‑day management responsibilities. The transition...
Carlyle Agrees Majority Investment in MAI Capital at $2.8bn-plus Valuation
Carlyle has agreed to a majority investment in MAI Capital, valuing the private‑credit manager at more than $2.8 billion. The deal underscores Carlyle’s push into high‑yield lending platforms as private‑credit assets surge. At the same time, peers such as Blue Owl,...
Blackstone Explores $500m IPO for AGS Health in India
Blackstone is in early talks to launch a Mumbai‑based IPO for its AGS Health unit, targeting up to $500 million in proceeds. The offering would combine primary shares and secondary sales, with a valuation goal of roughly $3 billion. AGS Health, founded...
Corum Advises Twikey in Majority Acquisition by Smile Sail
Corum Group announced that Smile Sail has taken a majority stake in Belgian fintech Twikey, a platform that streamlines recurring payments across Europe. The investment comes from Smile Sail’s €275 million (~$302 million) evergreen private‑equity fund and will finance Twikey’s next growth...
Nike Bats Away Converse Sale Talk as Authentic Brands Circles Struggling Label
Nike confirmed it is not currently negotiating a sale of Converse, even as Authentic Brands Group has signaled interest. Converse revenues have plunged, falling 35% in the third quarter to $264 million after consecutive quarterly drops. Nike’s overall third‑quarter revenue held...
Hapag-Lloyd Raises Baxi Stake to 50%
Hapag‑Lloyd has raised its equity in Indian logistics group JM Baxi to a 50 percent stake, confirming the move in its 2025 annual report. The carrier now controls the newly created JM Baxi Container Holdings through a board majority, while retaining...
Cooley Maintains Top Rankings in Global M&A and Private Equity
Cooley’s global M&A and private‑equity practices retained top positions in Bloomberg’s Q1 2026 league tables. The firm ranked #1 worldwide in both life‑science and technology deal counts, #3 overall M&A, and #2 in private‑equity transactions. It advised on high‑profile deals...
China’s Coffee Market Splits in Two as Luckin Moves Upmarket and Mixue Digs Deeper
Centurium Capital is acquiring Blue Bottle’s global retail stores for under $400 million, giving Luckin Coffee a premium brand to complement its low‑price model. Mixue Bingcheng is piloting freshly ground coffee in select outlets, installing $4,800 automatic machines to broaden its...
Popular Pizza Chain Sold During 80th Anniversary
Buddy's Pizza, the Detroit‑style pizzeria founded in 1946, has been acquired by a Detroit‑based investment group led by Saber Ammori, Andrew Dickow and Kevin Denha. The transaction closes as the brand celebrates its 80th anniversary, and the new owners stress...
Covenant Trends – 3/30/2026
Covenant Trends released its March 30, 2026 update, spotlighting the latest share of loans that contain asset‑sale sweep step‑down provisions. The accompanying chart shows a modest but steady rise in the percentage of such loans over the past two years, signaling lenders...
The Pulse of Private Equity – 3/30/2026
Private equity exit activity in the United States has shifted toward fewer, larger deals. According to PitchBook data through December 2025, the number of exits exceeding $1 billion is 9.7 % below the pre‑pandemic average, even as total exit value stays near...
Nihon PMI Partners on Tapping Into Japan’s Home-Based Healthcare Market
Nihon PMI Partners announced a strategic push into Japan’s rapidly expanding home‑based healthcare sector. CEO Satoshi Hamada highlighted that the nation’s aging population and a policy‑driven shift from hospital to community care are creating sizable investment openings. The firm plans...
T Capital Partners on Unlocking Value in Japan’s Mid-Market
T Capital Partners, led by Koji Sasaki and Toshihide Matsuda, is targeting Japan’s small and mid‑cap companies, which they view as ripe for operational transformation. The firm believes the mid‑market segment, often overlooked by larger private‑equity funds, holds significant upside...
KKR on How Capital Solutions Are a Structural Growth Opportunity
KKR’s Strategic Investments Group is championing capital‑solutions strategies that pair companies with flexible, partnership‑oriented financing. Blaine MacDougald, co‑head of the group, stresses that these solutions are built on aligned value creation, allowing firms to pursue growth without the constraints of traditional...
CVC DIF on Europe’s Mid-Market Moment
CVC DIF’s Gijs Voskuyl highlights Europe’s mid‑market as a sweet spot for private‑equity investors, offering a blend of attractive entry points and strong value‑creation potential. The firm argues that investors with a genuine on‑the‑ground presence and repeatable execution capabilities can unlock...
Morgan Stanley Infrastructure Partners on Ample Opportunities and Diverse Exits
Morgan Stanley Infrastructure Partners (MSIP) says limited‑partner interest in mid‑market infrastructure is surging as the sector offers a broader array of deals and multiple exit pathways. Alberto Donzelli highlighted that the expanding pipeline spans renewables, transport and digital assets, giving...
Success in Mid-Market Infra Requires Disciplined Growth – Actis
Actis’s head of infrastructure for Central and Eastern Europe argues that the mid‑market infrastructure segment should be defined by the constraints investors face rather than by ticket size. Success, he says, depends on disciplined, incremental growth rather than relying on...
Ridgewood Infrastructure on Acquiring with Purpose, Growing with Precision and Exiting with Intent
Ridgewood Infrastructure’s Ross Posner highlights the lower mid‑market as a sweet spot for infrastructure investors. He argues that deals in this segment deliver compelling returns across acquisition, growth, and exit phases. Ridgewood’s strategy centers on purposeful acquisitions, precise operational scaling,...
The New Normal: Joint Ventures, Longer Commitments, and the Rise of Earn-Outs
Veterinary practice transactions are moving from outright buyouts to partnership‑focused structures. Joint ventures now outnumber full acquisitions, and sellers are expected to stay involved for four to five years after closing. Earn‑outs are increasingly linked to post‑closing EBITDA rather than...
Pharma Goes on $25.5B, Eight-Day Acquisition Spree
Pharmaceutical companies launched an eight‑day acquisition blitz, with six firms announcing deals worth about $25.5 billion. Two of those transactions involve upfront payments exceeding $5 billion each, underscoring the aggressive pace. The deals focus on securing biotech pipelines and specialty drug assets...
Pineal Capital Management Issues Open Letter to the Board of Teladoc Health, Inc.
Pineal Capital Management, a shareholder of Teladoc Health, issued an open letter urging the board to act on what it sees as a severely undervalued stock trading at roughly 4.18× EV/EBITDA. The firm highlights a 90% share price decline, doubled...
AI Disruption Fears Hitting Secondaries Portfolios Along With War
AI‑driven disruption and heightened geopolitical risk are prompting secondary market investors to re‑evaluate private‑equity fund portfolios. Sellers face tighter pricing as buyers demand deeper due‑diligence on AI‑exposed assets. War‑related supply chain shocks further compress valuations, especially in consumer‑focused funds. The...
Angeles Equity Partners Taps Derek Rush as VP for the Investment Team
Angeles Equity Partners announced the appointment of Derek Rush as Vice President of its investment team. Rush will lead the evaluation, execution, and management of investments across the industrials sector. The hire expands the firm’s senior investment bench as it...
McCormick & Co., Unilever Reach Acquisition Agreement
McCormick & Co. announced an agreement to acquire the majority of Unilever’s Food business, creating a combined company with roughly $20 billion in annual sales. Unilever shareholders will receive shares representing 65% of the new entity’s equity, valued at $29.1 billion, plus...
Merger Checklist: 34 Action Steps
The CPA Trendlines article outlines a 34‑step merger checklist aimed at CPA firms, emphasizing that full integration can take three to four years but critical administrative tasks must be tackled in the first months. It advises firms to begin integration...
Aurelius to Sell Airline Catering Business LSG APAC
Aurelius, the private‑equity firm that bought LSG Asia‑Pacific from Deutsche Lufthansa in 2023, announced plans to sell the airline catering subsidiary. The move follows a broader strategy to streamline Aurelius’ portfolio and capitalize on the post‑pandemic recovery in airline services....
SAIL Leadership Buyout Signals New Growth Phase
Canadian outdoor retailer SAIL Outdoors completed a management‑led buyout, placing President Isabelle Lemay, CFO Stefania Cella and VP of Marketing Catherine Venne in majority control, backed by Fonds de solidarité FTQ. The transition follows a 2020 creditor‑protection filing, operational streamlining...
Consolidation, Partnerships and Growth: Supplement Industry Deals of Q1 2026
In 2025 the supplement sector experienced a surge of consolidation, with numerous mergers, acquisitions, and strategic alliances reshaping the market. At the same time, consumer preferences shifted toward personalized, convenient self‑care products, prompting brands to launch targeted formulations and messaging....
ArcLight in Deal to Buy 2.2 GW From InfraBridge, Mainly Gas
ArcLight Capital Partners announced a deal to purchase roughly 2.2 GW of primarily gas‑fired power assets from InfraBridge, including a 1,362‑MW stake in the Lackawanna plant and a 584‑MW Canadian facility. The acquisition would lift ArcLight’s PJM Interconnection portfolio from about...
Maven Exits AccessPay to Accel-KKR
Maven Capital has sold its stake in AccessPay to private‑equity firm Accel‑KKR. The transaction values the B2B payments platform at roughly $200 million. AccessPay provides software that links corporate back‑office finance systems directly to banking networks, automating payments and reconciliations. Maven’s...
Carlyle to Buy Majority Stake in MAI Capital; Investcorp-Backed Resultant Picks up Liberty Advisor Group
Carlyle agreed to buy a majority stake in MAI Capital Management, a private‑credit specialist managing roughly $5 billion of loan assets. Investcorp‑backed Resultant acquired Liberty Advisor Group, a Chicago boutique that advises private‑equity firms and Fortune 500 companies on M&A transactions. Greenbelt...
Closed Loop Partners Acquires Metal Processing Company
Closed Loop Partners, the New York‑based circular‑economy investor, has acquired a majority interest in Sutter Metals, a regional metal‑processing firm operating in Washington state. The partnership will fund expansion of processing capacity, geographic reach, and a buy‑and‑build M&A strategy targeting...
Carlyle to Acquire Majority Stake in MAI Capital
The Carlyle Group announced it will acquire a majority stake in MAI Capital Management for a valuation exceeding $2.8 billion, with the transaction slated to close in the second quarter of 2026. MAI, which oversees more than $72 billion in assets and...
Mirza International Acquires Solethreads to Enter Semi-Premium Footwear Segment
Mirza International has acquired 100% of Gurugram‑based casual‑footwear startup Solethreads, marking its entry into India’s fast‑growing semi‑premium footwear segment. Solethreads, founded in 2020, has raised over $7 million and achieved a monthly run rate of about $638,000, with presence in 600...
Palico Reduces Fees to 5bps for $50m-Plus Sales
Palico, a digital LP-led secondaries marketplace, announced it will lower its transaction fee to 5 basis points for sales exceeding $50 million. The fee reduction aims to attract larger institutional secondary deals, a segment the platform has previously serviced with smaller...
RIA Sellers Seek to Mitigate Market Impact on Payout Potential
RIA sellers are re‑engineering earn‑out structures as market volatility threatens payout forecasts. Buyers are increasingly stripping market‑driven asset appreciation from revenue models and inserting catch‑up clauses that grant sellers extra time to meet targets if markets dip. Negotiations now prioritize...
Canyon Acquires Columbine Poudre Home Care, Bloom at Home
Colorado-based Canyon Home Care & Hospice announced the acquisition of Columbine Poudre Home Care and its affiliate Bloom at Home, extending its service footprint across northern Colorado. The deal, whose financial terms were not disclosed, brings together two culturally aligned...
Crown Reserve Acquisition Corp. I and Carvix, Inc. Announce Definitive Business Combination Agreement
Crown Reserve Acquisition Corp. I announced a definitive business combination with Carvix, Inc., valuing the automotive‑technology platform at an implied $1 billion enterprise value in an all‑stock deal priced at $10 per share. The transaction hinges on at least $80 million of PIPE...
In the World of Stripe: Acquisitions, Agentic AI, and Stablecoins
Stripe, now valued at roughly $159 billion after a 74% jump from the prior year, is reportedly in early‑stage talks to acquire PayPal. The potential deal would give Stripe immediate access to PayPal’s 439 million active consumer and merchant accounts and its...
Blackstone Closes $6.3B BXLS VI Fund, Making It the Largest Life Sciences Vehicle
Blackstone announced the final close of its Life Sciences VI fund at a hard cap of $6.3 billion, roughly 40% larger than the prior vehicle. The BXLS platform, launched in 2018, now manages about $15 billion and invests across the entire drug...
Blackstone Strikes €1bn Sale of Fidere Residential Platform to Brookfield
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...