TELEO Capital Management, LLC, a lower mid-market private equity firm specialising in acquiring corporate carve-outs and other complex transactions across enterprise software and tech-enabled services, has closed TELEO Capital Fund II at its hard cap of $350m in Limited Partner capital commitments.
European private equity investor Perwyn has entered an agreement to exit its majority holding in Lowe Rental to MML Keystone, realising a 5.3x multiple on invested capital. Perwyn will also be reinvesting in the company.
Equipped AI, a provider of loan management and portfolio intelligence software for private credit and alternative firms, has launched a strategic growth partnership with P Capital Partners, a Nordic private credit investor with €3.5bn in assets under management.
IT services firm ManTech International Corp has launched a $2.3bn leveraged financing package — comprising a $2.15bn term loan B and a $150m delayed-draw facility — in a bid to refinance existing private credit debt, according to a report by Bloomberg citing an unnamed person familiar with the matter.
Duke Energy Corp and Xcel Energy Inc are in discussions with private credit lenders to finance portions of their long-term infrastructure investment programmes, in what could mark a significant shift for the US utilities sector, according to a report by Bloomberg citing executives from the firms.
Blackstone has been granted additional time to evaluate a potential takeover bid for UK-listed self-storage operator Big Yellow Group plc, amid growing uncertainty around tax policy changes expected in the upcoming UK autumn budget, according to a report by Bloomberg.
Apollo Global Management’s sports investment arm, Apollo Sports Capital, has agreed to acquire a roughly 55% stake in Spain’s Atletico Madrid, valuing the La Liga club at approximately €2.5bn, according to a report by Reuters.
Japanese financial services group Orix Corp has partnered with the Qatar Investment Authority (QIA) to launch a $2.5bn Japan-focused private equity fund, targeting succession-driven deals and corporate carve-outs across the country’s mid- to large-cap market, according to a report by Reuters.
KKR has agreed to sell its aerospace and defence parts business, Novaria Group, which supplies components and manufacturing processes for aircraft, drones, and submersibles. to Arcline Investment Management in a $2.2bn deal.
Global alternative asset manager ICG has appointed David Scudellari as Senior Advisor for Canada. He will be based in New York, reporting to Alan Isenberg, ICG’s Global Head of Client Solutions.
12 November, 2026 – 5:00 pm
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