Private equity news covering buyouts, PE firms, leveraged transactions, portfolio companies, and private investment trends.
New Mexico Public Regulation Commission examiners declined to investigate a $200 million TXNM stock sale to Zimmer Partners, allowing Blackstone's $11.5 billion acquisition of TXNM Energy to proceed. Examiners ruled Zimmer acted independently, distinguishing it from a previous illegal transaction involving Blackstone.
ASSA ABLOY has agreed to sell its Public Key Infrastructure (PKI) unit to Vista Equity Partners. The divested business includes IdenTrust, HydrantID, and ZeroSSL, generating MUSD 58 in sales in 2025. The transaction is expected to close in the fourth quarter of 2026.
Swiss private equity firm Partners Group Holding AG is restricting hedge funds from purchasing debt in its struggling portfolio companies to support a €6 billion refinancing effort. The Zug-based manager is using loan clauses to stop opportunistic investors from buying down the debt of Emeria SASU, Ammega Group BV, and Breitling AG, despite the risk of reducing the buyer pool.
Penske Automotive Group agreed to a $16.3 billion buyout deal to take the company private, led by Penske Corporation and Mitsui & Co. Shareholders will receive $212 per share in cash, representing an 8.84% premium over the previous closing price.
The Financial Times reports that private equity interest threatens the planned London stock market float of a former DS Smith business unit. The article highlights how investor dynamics may alter the company's strategic path toward public listing.
Aldaron has raised approximately $885 million for its inaugural fund, bringing total assets near $1 billion. Co-founded by former Palantir and Carlyle Group executives, the private-equity firm focuses on applying artificial intelligence to increase revenue within its acquired companies.
Private equity firm General Atlantic plans a potential $10 billion initial public offering in early 2027 to fund expansion. The firm, which manages $129 billion in assets, previously paused IPO talks due to economic conditions before restarting advisory work with major banks.