Deal Flow
Deal flow coverage: platform acquisitions, add-ons, buyouts, take-privates, secondary transactions, GP-led continuation vehicles, and strategic minority investments across private markets.
Banks prepare $3.1bn debt package for CD&R and McKesson Option Care acquisition
Goldman Sachs, Bank of America and Barclays are preparing $3.1bn of leveraged loans and bonds to support CD&R and McKesson’s Option Care Health deal.
Saudi PIF secures $3bn credit facilities guaranteed by Italy’s SACE
Saudi Arabia’s Public Investment Fund has secured $3bn in credit facilities guaranteed by Italy’s export credit agency SACE, including a conventional tranche and a green tranche.
Dropbox plans $350M acquisition of Tigris Data in biggest deal since 2007 founding
Dropbox says it will buy Sunnyvale-based Tigris Data for $350 million as it expands into AI infrastructure via DBX Agent Cloud, according to Crunchbase News.
Blackstone-led group agrees $3.1bn investment in Mitsubishi’s LNG Canada interest
Blackstone-managed funds and Canadian institutional investors will acquire a 49.9% noncontrolling stake in a Mitsubishi subsidiary tied to LNG Canada, according to Private Equity Wire.
Brookfield picks KB Kookmin Bank to lead KRW10.7tn loan for Naver AI computing buildout
Brookfield selected KB Kookmin Bank to lead a KRW10.7tn syndicated loan to finance AI computing infrastructure for Naver, according to Private Equity Wire.
Apollo launches €10bn European Credit Co private credit platform
Apollo Global Management is launching European Credit Co, a €10bn private credit platform backed by investors including Abu Dhabi Investment Council.
Thrive Holdings agrees $7.6bn all-cash acquisition of ADT
Thrive Holdings has agreed to acquire home security provider ADT for $7.6bn in an all-cash deal at $10 per share, valuing ADT at $15.3bn including debt.
Canada to invest CAD1.6bn in Cohere in planned CAD7bn funding round
Canada will invest CAD1.6bn in Toronto-based AI company Cohere as part of a funding round targeting CAD7bn ($5bn) in commitments, according to Private Equity Wire.
Bain Capital in talks on about $500m private credit financing for CPPIB-backed RMZ
Bain Capital is in advanced talks to provide roughly $500m in private credit financing to Indian developer RMZ Corp, according to Private Equity Wire.
I Squared Capital in advanced talks for ~$2bn acquisition of Orizon Aerostructures
I Squared Capital is in advanced discussions to buy US aerospace manufacturer Orizon Aerostructures at an approximate $2bn valuation.
Blackstone-backed QTS seeks about $800m via private debt placement
QTS Realty Trust is seeking to raise about $800m through a private debt placement via a special-purpose issuer, according to Private Equity Wire citing Bloomberg.
Apollo to buy minority stake in Mubadala Capital with about $5bn commitments
Apollo Global Management agreed to acquire a minority stake in Mubadala Capital as part of a strategic partnership involving approximately $5bn in investment commitments.
Apollo, TPG and Blackstone held preliminary buyout talks with Universal Music
Universal Music Group held preliminary take-private discussions with Apollo, TPG and Blackstone earlier this year, though no formal sale process has been launched.
KKR founders’ family offices join consortium buying 42% of Valencia CF at €1.25bn value
Pitchwise Holdings, joined by the family offices of KKR co-founders Henry Kravis and George Roberts, is acquiring 42% of Valencia CF in a deal valuing the club at €1.25bn.
Bain Capital to retain ~40% stake as Bon Secours nears $6bn Surgery Partners deal
Bain Capital is set to keep an approximately 40% stake in Surgery Partners as Bon Secours Mercy Health nears a take-private at around a $6bn enterprise valuation.
Partners Group-backed EyeCare Partners nears creditor deal to cut debt by up to $400m
EyeCare Partners is nearing a creditor agreement that could reduce about $2bn of debt by up to $400m via asset sales and discounted repayments, according to Private Equity Wire.
Blackstone leads $300m private credit package for Arlington’s Gooch & Housego buyout
Blackstone led a $300m private credit financing package backing Arlington Capital Partners’ take-private acquisition of UK aerospace and defence components maker Gooch & Housego.
Permira to sell credit intelligence firm Octus to LSEG for $3.5bn cash
Permira agreed to sell New York-based credit intelligence provider Octus to LSEG for $3.5bn in cash, with closing expected in the first half of 2027.
Vinci Compass to acquire AustralRe for ~BRL336m to form permanent capital unit
Vinci Compass is acquiring Brazilian reinsurer AustralRe for approximately BRL336m to launch Vinci Permanent Capital Solutions, according to Private Equity Wire.
CVC weighs Verisure take-private a year after €13.7bn Stockholm IPO
CVC Capital Partners is considering a bid to take Verisure private after the home security provider’s €13.7bn IPO in Stockholm, according to Private Equity Wire.
EQT in advanced talks to acquire Qiagen in buyout valued at more than $10bn
EQT has reportedly made a binding offer exceeding $50 per share for Qiagen in a potential buyout valued at more than $10bn, with KKR also submitting a bid.
Centerbridge and Mubadala in talks on ~£1bn deal for Canaccord Wealth UK
Centerbridge Partners and Mubadala are in talks to acquire Canaccord Genuity’s UK wealth management business in a transaction valued at about £1bn.
Forward Consumer Partners agrees to acquire Welly from Unilever
Forward Consumer Partners has agreed to acquire US first-aid brand Welly from Unilever, with the transaction expected to close in Q4 2026.
Charlesbank invests in WSHB non-legal operations in deal valued at about $700m
Charlesbank Capital Partners invested in Wood Smith Henning & Berman’s non-legal operations via a management services organisation, in a transaction valued at about $700m.
Trive Capital closes sale of EarthLink to WaveDivision, TPO and Stephens Capital Partners
Trive Capital said it closed the sale of EarthLink to a family office consortium including WaveDivision Capital, The Pritzker Organization and Stephens Capital Partners, alongside management.
SAS Group acquires majority stake in Afrikelp, exiting RMB Ventures
Stirling Square Capital Partners-backed SAS Group has acquired a majority stake in South African ag-biotech company Afrikelp, providing an exit for RMB Ventures.
Carlyle agrees to acquire about $7.7bn Truist unsecured personal loan portfolio
Carlyle has agreed to acquire an approximately $7.7bn portfolio of unsecured personal loans from Truist Financial, with completion expected in Q4 2026.
EQT agrees to acquire Cleanaway in A$9.3bn deal; shares jump nearly 20%
EQT has agreed to acquire Cleanaway Waste Management in a transaction valuing the business at about A$9.3bn including debt, according to Private Equity Wire citing Reuters.
SoftBank considers Allied Universal acquisition valued near $30bn including debt
SoftBank Group is weighing an acquisition of Warburg Pincus- and La Caisse-backed Allied Universal that could value the business at close to $30bn including debt.
Bluegem to acquire Italian frozen foods group Rispo from Europe Capital Partners
Bluegem is set to acquire Rispo Group, an Italian maker of frozen specialties, from Europe Capital Partners, according to PE Hub.
Thoma Bravo-owned Proofpoint agrees to buy Varonis in $6.3bn all-cash deal
Proofpoint, owned by Thoma Bravo, has agreed to acquire Varonis Systems for about $6.3bn in cash, with closing expected in the first half of 2027.
Lone Star and Atlas explore bids for International Paper’s European packaging unit
Lone Star and Atlas Holdings are exploring bids for International Paper’s European packaging business at a valuation reported to be under $6bn, according to Private Equity Wire.
Gryphon-backed Vivify Specialty Ingredients acquires AuNutra Industries
Gryphon Investors’ Vivify Specialty Ingredients has acquired AuNutra Industries, a Chino, California-based supplier of nutritional ingredients, according to PE Hub.
Apollo’s £5.7bn easyJet buyout seen generating about £334m in advisory fees
Bankers and advisers on Apollo Global Management’s £5.7bn acquisition of easyJet are expected to receive about £334m in fees, according to Private Equity Wire.
Frazier Healthcare’s LUX Infusion acquires Suite Health in Colorado
Frazier Healthcare’s LUX Infusion entered Colorado through its acquisition of Suite Health, according to PE Hub.
EQT agrees to acquire Stockbridge for $375m upfront, up to $550m with earnout
EQT has agreed to buy US real estate investment manager Stockbridge for $375m upfront, with performance-related payments that could lift total consideration to $550m.
PE Hub: Vista agrees to carve out identity and access management business
Vista Equity Partners agreed to carve out an identity and access management business, according to PE Hub.
Apollo’s £5.7bn easyJet takeover faces opposition from European unions
Apollo’s proposed £5.7bn acquisition of easyJet faces European union opposition as the airline targets completion by end of Q1 2027.
Searchlight’s IPS buys Bold Renewables from Right Lane
Searchlight’s IPS has acquired Bold Renewables from Right Lane, according to PE Hub.
Clear Channel completes ~$6.2B acquisition by Mubadala Capital; CEO transition follows
Clear Channel Outdoor said its ~$6.2B acquisition by Mubadala Capital has closed after regulatory and stockholder approvals, with Wade Davis becoming CEO and the stock set to be delisted.
Permira’s The Knot Worldwide strikes deal to acquire wedding platform Zola
Permira’s The Knot Worldwide has struck a deal to acquire wedding platform Zola, according to PE Hub.
LSEG in talks to acquire Permira-backed Octus in deal valued at about $3.5bn
LSEG said it has confirmed talks to buy Octus from Permira in a potential transaction valued at approximately $3.5bn, with no final agreement reached.
JPMorgan and Goldman limit underwriting on $5bn Volta AI infrastructure financing
JPMorgan Chase and Goldman Sachs are arranging a $5bn Volta Infrastructure Holdings financing package while limiting underwriting to a $1.3bn term loan, according to Private Equity Wire.
Blackstone leads $1bn private credit financing for Leidos-Analogic merger
Blackstone is leading a $1bn private credit financing backing the combination of Leidos and Analogic security enterprise solutions businesses.
Bumble in advanced talks on ~$1bn take-private with newly formed Ithaca Holdings
Bumble is in advanced talks to be acquired by Ithaca Holdings in a take-private deal valuing the company at about $1bn, according to Private Equity Wire citing The Wall Street Journal.
Aurelius agrees to acquire Nokia’s Enterprise Campus Edge business
Aurelius has agreed to buy Nokia’s Enterprise Campus Edge business, with closing expected in the first half of 2027 and financial terms undisclosed.
GTCR and Elliott in advanced talks to acquire CCC Intelligent Solutions
GTCR and Elliott Investment Management are in advanced discussions to acquire CCC Intelligent Solutions, with a possible agreement announcement as soon as next week, according to Private Equity Wire.
Cinven-owned Omnes Education seeks to refinance about €700m of debt
Omnes Education is seeking to refinance approximately €700m of debt, with bank borrowings due in 2028 and €216m of convertible bonds due in 2029.
Ardian and Oak Holdings 1 consortium explore financing for INWIT take-private
Ardian and an Oak Holdings 1-led consortium are working on financing for a potential take-private of Italy’s INWIT, which had a market cap of about €6.3bn at Friday’s close.
Adelis agrees sale of Danish IT provider netIP to Synova
Adelis has agreed to sell Danish managed IT services provider netIP to Synova, according to PE Hub.
