US corporate defaults on privately placed debt increased in the second quarter of 2025, according to Fitch Ratings’ latest Private Credit Monitor, which recorded a rise in default rates among middle-market borrowers.
Clearlake Capital-backed Quest Software has initiated a second debt reshuffle in three months, launching a new exchange offer designed to ease its mounting debt burden by rearranging creditor repayment priorities, according to a report by Bloomberg.
Cruxy, a growth intelligence and strategy firm used by private equity firms and their fintech portcos, has appointed Rich Drew as Senior Director as it looks to scale operations and deepen engagement with strategic clients.
British Columbia Investment Management Corporation (BCI) has returned to the secondaries market with a planned sale of approximately $2bn worth of private equity interests, according to a report by Bloomberg citing sources familiar with the matter.
Centerbridge Partners has agreed to acquire US-based financial software provider MeridianLink in an all-cash deal valued at $2bn, taking the Nasdaq-listed company private just four years after its IPO, according to a report by Reuters.
Apollo Global Management is in advanced talks to acquire German cooling equipment manufacturer Kelvion from buyout firm Triton, according to a report by Bloomberg citing unnamed people familiar with the matter.
Pacific Equity Partners (PEP) is reportedly in advanced negotiations to acquire a controlling interest in Spark New Zealand’s data centre business, in a transaction that could value the unit at over NZD600m ($357m), according to a report by Bloomberg.
S4 Capital, the digital advertising group founded by Sir Martin Sorrell, has confirmed it is in early-stage discussions regarding a potential merger with MSQ Partners, a multi-disciplinary marketing group backed by One Equity Partners, according to a report by Reuters.
Bain Capital is evaluating strategic options for Ahlstrom, the Finnish specialty materials manufacturer, including a potential sale or initial public offering that could value the business at up to €8bn, according to a report by Bloomberg citing sources familiar with the matter.
Kainos Capital, a food and consumer-focused private equity firm, has appointed Ryan Horstman as Chief Financial Officer, succeeding David Knickel, who served as Kainos’ Chief Financial Officer since inception and remains an Advisor to the firm.
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