michaelschoeck

Blackstone, Novacap, La Caisse said to be selling industrial companies; GenNx360 fetches 13.5x multiple for aviation MRO

Another edition of "on the block" coverage, this week focusing on industrial technologies; a power generation equipment supplier that Blackstone is in discussions to sell to a TPG fund group; GenNx360 agrees to sell an aviation MRO company to a strategic for more than $2 billion; highlights from Deloitte’s latest M&A survey.

More industrial tech companies on the block

Baker Hughes, Madison Industries, and Novacap and La Caisse are said to be selling industrial tech providers that are likely to command high multiples.

EQT nabs secondaries firm Coller Capital for $3.2bn; Carlyle’s Robert Schmidt points to open IPO window following Medline listing

EQT makes a splash in the secondaries market in buying Coller Capital; a huge IPO deep dive involving Blackstone, Carlyle, and Hellman & Friedman-backed Medline; highlighting Bridgepoint-owned ECP’s sale of three Midwest power plants to a strategic; deal activity in the automotive market increases in 2025.

William Blair’s Matthew Zimmer sees M&A uplift with pent-up PE portfolio companies to exit; Blackstone said to collect final bids for Sabre Industries

A Q&A with William Blair’s global head of investment banking Matthew Zimmer, who shares that there’s 30,000 or more PE-backed portfolio companies in need of an exit; an update on Blackstone taking final round bids for utility pole manufacturer Sabre Industries; takeaways from Deloitte’s 2026 divestiture survey.

William Blair's Matthew Zimmer: 'Engaged-deal backlog is the biggest it's ever been'

Zimmer pointed to a glut of 30,000 PE portfolio companies awaiting market checks, up from 22,000 or 24,000 four years ago. PE holdings are now stretching out to seven years.

ECP closes $26.6bn Calpine exit to Constellation; Glut of midstream pipeline deals to come in 2026, dealmakers say

Soaring power demand from data centers has put PE and infrastructure investors in the catbird seat for new returns; a look at the power infrastructure market; the closing of Energy Capital Partners’ blockbuster exit of independent power producer Calpine.

Mature midstream and budding LNG markets primed for 2026 capital injections, dealmakers say

Soaring power demand from data centers has put PE and infrastructure investors in the catbird seat for new returns, spurring more midstream M&A deals and development capital into LNG.

Carlyle and H&F to sell Vantage to Howard Hughes in $2.1bn deal; Companies for sale year-end review; Holiday videos from Blackstone and Apollo

A look back at companies-for-sale coverage in 2025; Howard Hughes Holdings agrees to buy Vantage from Carlyle and Hellman & Friedman for $2.1 billion; year-end videos from Apollo and Blackstone.

Exclusive: GI Partners, TA Associates to launch Netsmart sale process in early 2026, sources say

The sale process represents the second time the co-investors have attempted to exit the $250m EBITDA healthcare tech company over the past two years.

Arsenal eyes add-ons for pharma packaging firm ThermoSafe; Riverside exits fire safety platform CertaSite to API

ThermoSafe is a provider of temperature-controlled pharmaceutical packaging based in Arlington Heights, Illinois.