Private investment major Apollo Global Management has acquired a majority stake in The State Group (TSG), a provider of electrical, mechanical, and automation services, as part of its Impact and Clean Transition investment strategy.
Medline Industries, a leading medical supplies provider owned by private equity firms Blackstone, Carlyle, and Hellman & Friedman, is preparing for a US initial public offering (IPO) in 2025, with the aim of raising more than $5bn, according to a report by Reuters.
Unilever has scrapped plans to sell its €15bn ice cream division, which includes the Ben & Jerry’s, Magnum, and Wall’s brands, to private equity firms, opting instead to spin off the business into a separate publicly listed company, according to a report by the Financial Times.
Private equity firm Cinven is to make a majority investment in Grant Thornton UK, one of the leading diversified professional services firms offering audit, tax, and advisory services in the UK, with the firm’s UK Partners retaining a significant holding in the business.
Thompson Street Capital Partners, the private equity owner of US fast-casual restaurant chain Freddy’s Frozen Custard & Steakburgers, is exploring a potential sale of the business at a valuation of over $1bn, including debt, according to a report by Reuters.
Sentinel Capital Partners, a private equity firm that invests in promising mid-market companies, has acquired NSI Industries, a provided of branded products for the electrical and HVAC markets, from PE firm Odyssey Investment Partners.
Drone manufacturer AeroVironment is to acquire BlueHalo, a defence and space technology firm primarily owned by private equity firm Arlington Capital Partners, in an all-stock deal valued at approximately $4.1bn, according to a report by Reuters.
Spanish pharmaceutical company Grifols (GRLS.MC) has rebuffed a potential takeover bid from Canadian investment firm Brookfield, arguing that the €6.45bn ($6.8bn) proposal significantly undervalues the company’s growth prospects and long-term potential, according to a report by Reuters.
Private investment house Ardian has sold its 49% stake in Autopista Trados 45 (Trados) to Abertis, an international motorway operator headquartered in Spain. Abertis was already the majority shareholder in Trados.
Private equity giant Blackstone is to acquire Jersey Mike’s Subs in a deal that reportedly values the US sandwich chain at approximately $8bn, including debt. Founder and CEO Peter Cancro will retain a significant equity stake and continue to lead the business.
12 November, 2026 – 5:00 pm
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