Private equity news covering buyouts, PE firms, leveraged transactions, portfolio companies, and private investment trends.
Apollo Global Management is negotiating to purchase Johnson & Johnson's DePuy Synthes orthopedics division for roughly $20 billion. The deal supports J&J's strategy to spin off the unit and focus on higher-growth areas, while offering Apollo access to a major medical device franchise with substantial recurring demand.
The Guardian reports that the energy portfolios of twenty major private equity firms generate 1.5 billion tons of greenhouse gases annually, surpassing most nations' emissions. The analysis contends these opaque entities hold significant fossil fuel assets powering data centers, arguing the industry lacks sufficient scrutiny regarding its climate impact.
Sources say CPPIB and Brookfield Asset Management are launching a $50-billion Maple Fund to invest in Canadian infrastructure and strategic sectors. Each partner will contribute up to $25 billion over five years for equity investments in projects worth at least $5 billion. The fund aims to allow other investors to partner on a case-by-case basis.
The article argues that Europe's private equity dealmaking revival is uneven, with mid-market firms struggling to exit stakes in faltering companies. While splashy transactions signal a return to M&A activity, the region's mid-sized businesses and their lenders are largely being left behind.
PSG Equity closed its third European fund, PSG Europe III, at over €4.4 billion in total committed capital, surpassing its predecessor. The fund focuses on scaling European software and technology companies, including recent investments in Mistral AI and BrightAnalytics.
The article argues that private equity sponsors are consolidating radiopharmaceutical companies despite limited exit track records. It contends that operational hurdles, including scarce isotope supplies and specialized facility requirements, complicate the sector's development and potential for successful sponsor exits.
Apollo Global Management is reducing operations at Eliant, its invoice finance joint venture, by winding down mid-market accounts receivable products. This strategic retreat comes after a challenging period for inventory financing and heightened regulatory scrutiny, though the company will maintain its primary inventory lending business.
Reviewing William D. Cohan’s book "Money to Burn," the piece argues that Apollo Global Management founder Leon Black suffered a tragic downfall due to his close association with Jeffrey Epstein. The commentary traces Apollo’s origins from Drexel Burnham Lambert’s junk bond innovations to its current crisis, suggesting Black’s blindness to ethical red flags led to his ruin.
Private equity executives are warning that funds raised during the recent market boom are likely to fall short of promised returns. This highlights growing concerns about the performance of recent private equity investments and potential underperformance in current portfolios.
Walgreens announced plans to close roughly 1,200 U.S. locations by 2027 following its August 2025 privatization deal with Sycamore Partners. The closures allow CVS to absorb displaced customers without direct competition, leveraging regulations that mandate orderly prescription transfers to nearby pharmacies.