Deals
Medline, the medical supply manufacturer backed by Blackstone, Carlyle, and Hellman & Friedman, is targeting a $55bn valuation in a US IPO which would make it one of the largest PE-backed listings ever, according to a report by Reuters.
L’Oréal has agreed to double its stake in Galderma Group to 20% as it deepens its exposure to the fast-growing injectable aesthetics market, according to a report by Bloomberg. The shares are being acquired from an investor consortium led by private equity firm EQT, although financial terms were not disclosed. Based on Galderma’s share price, a 10% stake is valued at about CHF3.9bn ($4.9bn).
Global private equity firm Advent International has ended talks to acquire a 31% stake in Whirlpool of India from its US parent, Whirlpool Corp, after failing to reach agreement on pricing, according to a report by Reuters citing unnamed sources familiar with the matter.
US private capital giant KKR is reportedly in advanced discussions to acquire a majority stake in Arctos Partners, a private equity firm specialising in minority investments in professional sports teams, according to a report by the Financial Times.
US private equity firms are set to post a second year of recovery in exit activity, with total realised value in 2025 already surpassing last year, according to a report by Reuters citing new data from PitchBook. Buyout firms completed roughly 1,300 exits through October, generating an estimated $621.7bn, compared with 1,369 exits worth $379.6bn across the whole of 2024.
Bridgepoint has reinvested in Brevo, a European customer engagement software brand, as part of the company’s latest €500m financing round. As a result of the round, Brevo has officially become a unicorn for the first time. Bridgepoint has reinvested as a minority shareholder through Bridgepoint Development Capital V, a lower middle-market fund focused on supporting fast-growing businesses across Europe.
Smiths Group has agreed to sell its airport security scanning division, Smiths Detection, to CVC Capital Partners in a transaction valuing the business at £2bn, according to a report by Bloomberg.
Digita Group has reached an agreement to be acquired by GI Partners. Digita is one of the largest independent, diversified tower companies in the Nordics, with nationwide tower portfolios across both Finland and Iceland. It also has a longstanding partnership with Yle, Finland’s public TV and radio broadcaster.
AUB Group shares fell sharply on Monday after EQT and CVC Asia Pacific ended a takeover pursuit that saw the Australian insurance broker valued at AUD5.25bn ($3.44bn), according to a report by Reuters.
Perwyn, a European private equity investor, has entered an agreement to exit its holding in Interact Software (Interact) to funds managed by Castik Capital, realising a 3.2x multiple on invested capital.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
