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TMT Sector Spotlight: Buying opportunities emerge, as AI dominates software investing

Apax, Clearlake, EQT, Francisco Partners, Hg, Permira, Thoma Bravo and Vista spoke with PEI Private Equity about defensible moats, AI-native companies and vibe coding.

10 min read · 26 October 2026

Permira co-CEO Brian Ruder: Software assets offer opportunity for ‘really interesting vintages’; L Catterton invests in AI-powered shopping platform

Our latest Sector Spotlight, on AI and the TMT sector, looking at how private equity firms are adapting to a new world where old assumptions and playbooks in software investing no longer apply; L Catterton invests in Glance, an AI-powered personal shopping platform; Pitchwise Holdings agrees to buy shares in Spanish soccer team Valencia CF.

5 min read · 26 October 2026

Bain Capital to stay on as HealthSpan agrees $5.7bn Surgery Partners take-private

The Brentwood, Tennessee-based company runs more than 200 surgical locations across 30 states with about 5,000 affiliated physicians.

2 min read · 26 October 2026

Pitchwise Holdings agrees deal for 42% Valencia CF stake from Meriton

Valencia CF is a football club that is moving to Nou Mestalla, a stadium expected to seat more than 70,000.

1 min read · 26 October 2026

L Catterton agrees strategic investment in AI shopping platform Glance

The Bengaluru-based, InMobi-backed company uses agentic AI to recommend products to consumers across smartphones and connected TVs.

2 min read · 26 October 2026

Apollo strikes deal for minority stake in Mubadala Capital

The alternative asset management arm of Mubadala Investment Company manages more than $60 billion across five strategies in its core alternatives business.

2 min read · 26 October 2026

Silversmith hires Court Square’s Jean Gulliver to lead investor relations

Gulliver has helped raise more than $10 billion in capital commitments over her career.

1 min read · 26 October 2026

Eurazeo names Christophe Bavière sole chairman of executive board and CEO

Eurazeo is a Paris-based investment group with €40bn in assets under management.

2 min read · 26 October 2026

Hg to acquire majority stake in renewables software firm 3E from ReNew

3E is a provider of renewable energy asset performance management software and technical advisory services.

2 min read · 26 October 2026

Main Capital Partners acquires majority stake in German software provider 4ALLPORTAL

4ALLPORTAL is a Gütersloh-based provider of product information, digital asset and master data management software with more than 100 enterprise customers.

2 min read · 26 October 2026

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