Deals
KKR is set to generate a $3.3bn gain from the sale of USI Insurance Services to Aon in a $17bn transaction, marking another sizeable realisation for the private equity firm as deal activity and exit markets begin to improve, according to a report by Bloomberg.
Apollo-managed funds have agreed to sell thermal management specialist Kelvion to energy technology group SLB for approximately $4.1bn, including $3.4bn in cash and the assumption of around $700m of debt.
Private aviation group Vista Global Holding, which is backed by private equity firm RRJ Capital, is exploring a European initial public offering that could raise more than $1bn and value the business at over $10bn, according to a report by Bloomberg.
Apollo and KKR have formed a strategic partnership around Atlantic Aviation, with Apollo-managed funds acquiring a significant stake in the US private aviation infrastructure business at a valuation of nearly $10bn.
Advent International and payments giant Stripe have reportedly ended their pursuit of PayPal, bringing an end to a proposed take-private transaction that would have valued the fintech group at more than $53bn, according to a report by Bloomberg.
Sixth Street Partners and a consortium comprising Carlyle Group and Dynasty Equity are among the private equity investors joining the ownership group behind the $9.6bn acquisition of the Seattle Seahawks by the Khosla family, according to a report by Bloomberg.
RedBird Capital is in advanced negotiations to acquire a significant stake in digital media company Puck in a transaction that would value the business at around $250m, according to a report by the Financial Times.
Private equity firm Genstar Capital is set to sell asset manager First Eagle Investment Management to Victory Capital in a transaction valuing the business at approximately $7bn, according to a report by the Wall Street Journal.
Deal-making across Asia-Pacific slowed sharply in the first seven months of 2026, with the combined number of M&A, private equity and venture capital transactions falling 11% year-on-year, according to GlobalData.
JPMorgan and Morgan Stanley are facing a growing number of shareholder lawsuits over their roles as financial advisers on major take-private transactions, highlighting a potential new source of legal risk for banks closely tied to the private equity industry, according to a report by Bloomberg.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
