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.
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.
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.
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.
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.
Evernorth completes Armada Acquisition Corp. II deal; to trade as XRPN on Nasdaq
Evernorth said it completed its business combination with Armada Acquisition Corp. II and expects Nasdaq trading to begin Oct. 12, 2026 under XRPN.
LongWater takes majority stake in Blastco
LongWater has taken a majority stake in Blastco, a Channelview, Texas-based industrial services provider founded in 1983, according to PE Hub.
Gallant Capital’s Duncan Solutions completes sale of Pioneer Credit Recovery
Gallant Capital’s Duncan Solutions has completed the sale of Pioneer Credit Recovery, according to PE Hub.
PE Hub: Apollo, Kohlberg and Montagu pursue surgical equipment providers
PE Hub reports Apollo, Kohlberg and Montagu are pursuing surgical equipment providers and that a radiopharma boom aided Trilantic North America’s $945m SOFIE Biosciences exit.
TKO Hotels submits $2.0B all-cash offer for Service Properties Trust hotel portfolio
TKO LLC said it submitted a formal written offer to buy Service Properties Trust’s entire hospitality portfolio for $2.0 billion in cash.
Apollo’s £5.7bn proposed easyJet acquisition targets early 2027 close
Apollo Global Management’s proposed £5.7bn acquisition of easyJet is expected to complete in early 2027, with regulatory approval still outstanding.
Weston family agrees $8.9bn deal to acquire Boots from Sycamore Partners
Wittington Investments will acquire Boots' UK and Ireland retail operations in a $8.9bn deal with Sycamore Partners and the Pessina family, with completion expected in Q1 2027.
KKR agrees to acquire Gen II Fund Services in deal valuing business at $5.1bn
KKR agreed to acquire Gen II Fund Services from Hg, General Atlantic and minority shareholders in a $5.1bn transaction, according to Private Equity Wire.
CVC raises Recordati take-private offer to €10.5bn and €53 per share
CVC and Groupe Bruxelles Lambert lifted their cash offer for Recordati to €10.5bn, raised the price to €53 per share, and extended the acceptance period to 23 October.
Oura puts Nasdaq IPO on hold, citing uncertainty in the IPO market
Oura has delayed its planned Nasdaq IPO amid IPO-market uncertainty; the company had aimed to sell 50 million shares at $40 to $44 each.
Athos-backed beauty platform Tresalis acquires British fragrance brand Vyrao
Tresalis, a new beauty platform backed by German investment firm Athos, has acquired British fragrance brand Vyrao, with founder Yasmin Sewell staying on as chief brand officer.
KKR targets South Korea’s AI supply chain after deploying around $3bn in 2026
KKR is looking to expand investment activity in South Korea after deploying around $3bn in 2026, targeting opportunities tied to AI infrastructure, according to Private Equity Wire.
Carlyle weighs Highway Roop Precision Technologies IPO that could raise up to $400m
Carlyle is preparing a potential IPO of its Indian auto-parts platform Highway Roop that could raise up to $400m, with a possible first-half next-year listing.
Tikehau faces rival strategic bids in Tapí restructuring talks
Tikehau Capital is competing with strategic buyers as Tapí Group negotiates a financial restructuring involving nearly €150m of bank debt, according to Private Equity Wire.
DCC Energy shareholders approve more than £5.7bn takeover by KKR and ECP
DCC Energy shareholders backed a more than £5.7bn acquisition by KKR and ECP, with completion expected in Q1 2027 subject to remaining conditions.
Ingenia rejects Warburg Pincus’s improved AUD2.06bn cash takeover proposal
Ingenia Communities Group rejected Warburg Pincus’s improved AUD2.06bn all-cash proposal at AUD5.05 per share, citing undervaluation and a condition tied to its planned Peet acquisition.
Partners Group explores €800m private credit continuation vehicle
Partners Group is considering a roughly €800m continuation vehicle to extend holdings in private credit loans, according to Private Equity Wire, citing a Bloomberg report.
Korea Investment Corp explores sale of more than $1bn in private equity stakes
South Korea’s sovereign wealth fund KIC is exploring a potential secondary sale of private equity investments worth more than $1bn, with PJT Partners advising, according to Private Equity Wire.
Electra Therapeutics raises $350M in upsized Nasdaq IPO for SIRP-targeting drugs
Electra Therapeutics priced an upsized IPO at $15 per share, raising $350 million and debuting on Nasdaq as ETRA to fund clinical research in precision immunology.
Haymaker Acquisition Corp V closes $287.5m IPO of 28.75m units on NYSE
Haymaker Acquisition Corp V said it closed a $287.5m IPO of 28.75m units at $10.00 each, with units trading on NYSE under HYACU, according to PR Newswire.
Advent to invest $328.5m for 24.9% stake in India’s Yatharth Hospitals
Advent International is investing INR31.5bn ($328.5m) in Yatharth Hospitals for a 24.9% stake, according to Private Equity Wire citing Reuters.
Apollo in talks to expand SoftBank Vision Fund 2 NAV loan to as much as $9bn
Apollo is discussing a potential increase of SoftBank’s Vision Fund 2 NAV-backed facility from $5.4bn to up to $9bn, according to Private Equity Wire.
Mutares exits Cimos in management buyout backed by Vero Automotive
Mutares has exited automotive supplier Cimos in a management buyout backed by Vero Automotive, according to PE Hub.
Blackstone weighs sale of Clarion Events’ Asia unit at $600m–$700m: report
Blackstone is preparing to sell Clarion Events’ Asian operations and is working with Goldman Sachs, with valuation discussions at $600m to $700m, according to Private Equity Wire.
Blackstone and Brookfield lead rival consortia pursuing GFL Environmental
Blackstone, KKR and Energy Capital Partners are exploring a GFL Environmental deal as Brookfield Asset Management and IFM Investors pursue a rival bid, according to Private Equity Wire.
Authentic Brands Group could pursue IPO as early as first half of next year
Authentic Brands Group CEO Matthew Maddox said the licensing company is “ready to go” for an IPO, according to Dealbreaker citing Bloomberg TV.
EQT plans up to $50bn India deployment by 2030 with data centres a core focus
EQT is planning to deploy up to $50bn in India by 2030, with around $30bn expected for data-centre infrastructure, according to Private Equity Wire citing Bloomberg.
Blackstone-backed Crux AI lines up $22bn chip financing from 10-bank consortium
Crux AI is set to receive $22bn in bank financing to support purchases of Google TPUs, according to Private Equity Wire, citing a Bloomberg report.
Skalar launches with seed round and General Catalyst debt partnership for CAC financing
New York-based Skalar publicly launched Thursday with an undisclosed seed round led by Monashees and a debt financing partnership with General Catalyst’s Customer Value Fund.
KKR in exclusive talks for Logoplaste after Apax exits auction
KKR has emerged as the preferred bidder for Portuguese packaging company Logoplaste in a potential deal worth more than €1.7bn including debt, according to Private Equity Wire.
Brookfield agrees all-cash acquisition of Reliance Worldwide valued at about AUD4.1bn
Brookfield Asset Management agreed to acquire Reliance Worldwide Corporation in an all-cash deal valuing the Australian plumbing products maker at about AUD4.1bn ($2.9bn).
EQT and Norges Bank IM form consortium to bid for Acciona Energia
EQT and Norges Bank Investment Management have formed a consortium to pursue Acciona Energia, which LSEG data puts at about €11.9bn enterprise value including debt.
Thatch raises $108M Series C at $1B valuation led by The General Partnership and Index
Health benefits platform Thatch said it raised $108 million in a Series C round, bringing its valuation to $1 billion, according to Dealbreaker.
FountainVest and HSG weigh bids for Alpinestars in potential €1bn deal
FountainVest and HSG are among investors considering bids for Alpinestars in a process that could value the company at around €1bn, according to Private Equity Wire.
