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News•Feb 27, 2026
BlackRock’s GIP and EQT Line up Potential $12.4bn AES Takeover
BlackRock’s Global Infrastructure Partners (GIP) and private equity firm EQT are in advanced talks to acquire AES Corp for roughly $12.4 billion, a deal that could be announced as early as next week after AES shares jumped 6.8% in New York. AES, a diversified power generator with wind, solar, gas, coal and regulated utility assets, supplies renewable electricity to major tech companies such as Google, Microsoft and Amazon. GIP, which oversees about $170 billion in assets, and EQT, fresh from raising €21.5 billion for its latest infrastructure fund, view the transaction as a bet on rising electricity demand from AI‑driven data centres. The acquisition would rank among the year’s largest infrastructure deals and underscores private‑capital appetite for energy‑transition assets.
By Private Equity Insights (Substack)
News•Feb 27, 2026
Advent Among Suitors as Senior Draws $1.78bn Takeover Interest
Senior plc, a British aerospace component maker, saw its shares surge 22.5% to a seven‑year high after rejecting multiple takeover approaches and confirming that Advent International is among several suitors. Two higher cash offers were also turned down, and two...
By Private Equity Insights (Substack)
News•Feb 27, 2026
Calpers Unfazed by AI-Driven Software Risks in $1.8tn Private Credit Market
Calpers, the $615 billion California public‑employees pension, holds about 4 percent of its assets in private credit, a market now worth $1.8 trillion. UBS analysts warn AI could destabilize software borrowers, pushing default rates from 3‑5 percent to as high as 15 percent. Despite these...
By Private Equity Insights (Substack)
News•Feb 27, 2026
Advent Seals Takeover of Southeast Europe’s Fast-Growing Tbi Bank
Advent completed its takeover of tbi bank, a fast‑growing mobile‑first challenger bank operating in Bulgaria, Romania and Greece. Advent manages roughly €85 billion ($92 billion) in assets and has made 448 investments across 44 countries. tbi serves 2.7 million customers, operates a network...
By Private Equity Insights (Substack)
News•Feb 27, 2026
Saudi AI Boom Draws Buyout Interest as QST Explores Strategic Options
Saudi joint venture Quantum Switch‑Tamasuk (QST) is exploring strategic options, with Rothschild advising on a potential transaction that could value the firm at well over $500 million. QST runs two 9 MW data centres in Dammam, forming part of Saudi Arabia’s broader...
By Private Equity Insights (Substack)
News•Feb 27, 2026
Blackstone Private Credit Fund Prices $400m 2029 Bond Amid Software Volatility
Blackstone's Secured Lending Fund priced a $400 million 2029 private‑credit bond at a 2 percentage‑point spread over Treasuries, wider than its earlier 2025 issuances that traded around 1.5 percentage points. The pricing follows a fresh markdown on the fund’s large Medallia loan, now...
By Private Equity Insights (Substack)
Deals•Feb 27, 2026
Advent Completes Acquisition of Tbi Bank
Advent, a private equity firm with €85bn in assets under management, has completed its acquisition of tbi bank, a mobile‑first challenger bank operating in Bulgaria, Romania and Greece. The deal expands Advent’s footprint in Central and Eastern Europe and will...
Private Equity Insights (Substack)
Deals•Feb 27, 2026
Blackstone Secured Lending Fund Issues $400M 2029 Bond Amid Software Volatility
Blackstone Secured Lending Fund priced a $400 million 2029 investment‑grade bond, offering a spread of 2% over Treasuries. The issuance, one of nine US investment‑grade deals that day, reflects heightened investor caution toward software‑linked credit exposure amid AI‑driven volatility. Proceeds...
Private Equity Insights (Substack)
News•Feb 26, 2026
Carlyle Sets $200bn Inflow Target by 2028 as Turnaround Gains Traction
Carlyle Group announced a $200 billion capital‑inflow target by 2028, aiming to boost fee‑related earnings to $1.9 billion and raise earnings per share above $6. The private‑equity firm, now managing about $477 billion in assets, also approved a $2 billion share‑repurchase program to reinforce...
By Private Equity Insights (Substack)
News•Feb 26, 2026
Toyota Moves to Unwind $19bn in Cross-Shareholdings Amid Reform Drive
Toyota announced a plan to unwind roughly $19 billion of cross‑shareholdings, accelerating a reform agenda launched in 2024. The divestment could expand if more shareholders participate, and Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are set to sell about...
By Private Equity Insights (Substack)
News•Feb 26, 2026
Arcmont Secures $1.62bn for Complex European Private Credit Strategy
Arcmont has closed a €1.62 billion raise for its second Capital Solutions fund, a vehicle aimed at complex European private‑credit opportunities. Launched in 2020, the strategy has already deployed nearly €2 billion across more than 50 transactions, focusing on junior capital, market...
By Private Equity Insights (Substack)
Deals•Feb 26, 2026
Arcmont Raises $1.62bn for Capital Solutions Fund II
Arcmont announced it has secured $1.62bn in commitments for its Capital Solutions Fund II, a European private credit strategy targeting complex credit opportunities. The fundraise attracted a diversified global investor base of pension funds, endowments, insurance companies, family offices, and...
Private Equity Insights (Substack)
News•Feb 25, 2026
Blackstone and Centerbridge Among Bidders Circling $1bn MarineMax Opportunity
MarineMax, the Clearwater‑based marina operator, has circulated confidentiality agreements as Blackstone, Centerbridge and other investors evaluate a potential acquisition valued around $1 billion. The company, which runs 65 marinas, 70 dealerships and serves high‑net‑worth boaters, is currently priced at roughly $628 million,...
By Private Equity Insights (Substack)
News•Feb 25, 2026
Valuation Differences Halt EQT’s Oxford Biomedica Takeover Push
EQT presented two cash offers and an unlisted‑share alternative to Oxford Biomedica, but the biotech’s board deemed each proposal undervalued and declined further talks. The earlier strategic interest had pushed Oxford Biomedica’s stock to its highest level since 2022, yet...
By Private Equity Insights (Substack)
News•Feb 25, 2026
Novacap Closes $3.8bn Tech Fund VII, Surpassing Target by over $1bn
Novacap announced the closing of its seventh technology fund at $3.8 billion, surpassing its original target by more than $1 billion. The fund, the firm’s largest to date, lifts total assets under management above $12 billion. It will focus on middle‑market North American...
By Private Equity Insights (Substack)
News•Feb 25, 2026
L Catterton Partner Todd Bartee Takes Helm at Tonal as Private Equity Reshapes Connected Fitness
L Catterton operating partner Todd Bartee has been appointed CEO of Tonal, succeeding Darren MacDonald after just 17 months. Tonal, the AI‑driven home strength‑training system, now counts over 175,000 members who have collectively lifted more than 235 billion pounds. L Catterton,...
By Private Equity Insights (Substack)
News•Feb 25, 2026
BTG Funds to Invest $1.05bn in Raízen as Shell and Cosan Advance Recap Plan
BTG‑managed funds have pledged roughly $1.05 billion to support Raízen’s restructuring, joining Shell and Cosan in a multi‑billion‑realignment of Brazil’s largest downstream fuel distributor. The plan separates Raízen Energia’s sugar‑ethanol arm from its fuel‑distribution business and converts about 35% of existing...
By Private Equity Insights (Substack)
News•Feb 25, 2026
CVC-Owned Syntegon Raises $1.89bn Debt to Fund $648m Shareholder Dividend
German packaging machinery maker Syntegon, owned by CVC Capital Partners, secured $1.89 billion of new debt to fund a $648 million shareholder dividend. The refinancing extended its institutional leveraged loans by four years and increased their size to cover the payout, supplementing...
By Private Equity Insights (Substack)
Deals•Feb 25, 2026
Novacap Closes $3.8bn Tech Fund VII, Exceeding Target by Over $1bn
Novacap announced the closing of its seventh technology-focused fund, raising $3.8bn and surpassing its target by more than $1bn. The fund will target middle‑market North American B2B software and technology‑enabled services businesses. UBS acted as the exclusive global placement agent...
Private Equity Insights (Substack)
Deals•Feb 25, 2026
One River Acquires LGT Capital's Quant Arm to Expand AUM to $3bn
One River announced the acquisition of LGT Capital's quantitative investment solutions arm, adding an eight‑person team, new systematic strategies and close to $1 billion in assets. The deal, valued at an undisclosed amount, will see the acquired business operate as One...
Private Equity Insights (Substack)
Deals•Feb 25, 2026
Syntegon Secures $1.89bn Debt Financing to Fund €648m Shareholder Dividend
German packaging machinery maker Syntegon, owned by CVC, raised $1.89bn in institutional leveraged loans to fund a €648m shareholder dividend. The refinancing extends the loan term by four years and is supplemented by cash on the balance sheet. The deal...
Private Equity Insights (Substack)
Deals•Feb 25, 2026
General Atlantic Tests $550bn ByteDance Valuation in Secondary Stake Sale
General Atlantic, a long‑time investor in ByteDance, is marketing a portion of its stake in the Chinese tech giant at a $550 billion valuation, a 66% increase from its last employee buyback. The firm aims to complete the secondary transaction by...
Private Equity Insights (Substack)
Deals•Feb 24, 2026
Jada Partners with Stride Ventures to Deploy $200M in Saudi Private Credit
Saudi sovereign wealth fund unit Jada has entered a partnership with India-based Stride Ventures to deploy $200 million in private credit to Saudi SMEs over the next two years. The deal aims to boost the kingdom’s private credit market and...
Private Equity Insights (Substack)
Deals•Feb 24, 2026
Bain Capital and Lone Star Advance in $1.9bn Bid for Mitsubishi Electric's Auto Unit
Private equity firms Bain Capital and Lone Star have emerged as leading bidders in a $1.9bn race to acquire Mitsubishi Electric's automotive components unit, which makes inverters, motors, navigation and entertainment systems for hybrid and electric vehicles. The auction is...
Private Equity Insights (Substack)