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  Carveouts

  CVC snaps up Smiths Group airport scanner unit in $2.7B carve-out

  December 3, 2025

  The 170-year-old conglomerate has been under pressure from activist investors to shed non-core assets.

  Article

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  Asia

  Qatar’s investment in Japan shows governance reforms are working

  November 13, 2025

  PE dealmaking has exploded since the government set its sights on boosting corporate profitability.

  Article

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  Carveouts

  PE sees opportunity in potential Warner Bros. Discovery breakup

  November 6, 2025

  The iconic studio’s cable business and IP could be highly attractive to the right buyer, investors say.

  Article

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  Private Wealth

  Madison Dearborn buys back NFP wealth businesses from Aon in $2.7B deal

  September 3, 2025

  The mid-market PE firm regains control of wealth platforms it once sold, to be consolidated and operated by NFP and Wealthspire executives.

  Article

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  Carveouts

  European PE carveouts slow down after bumper year

  July 18, 2025

  The region had 341 such deals this year, worth a combined €26.3 billion.

  Article

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  Private Equity

  Intel sells Altera to Silver Lake in PE’s largest carveout in 5 years

  April 14, 2025

  Silver Lake takes majority control of Intel’s FPGA unit amid market volatility and Intel’s strategic revamp.

  Article

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  Private Equity

  Asset managers swoop Family Dollar in $1B steal

  March 26, 2025

  The deal reflects Dollar Tree’s strategic shift, while financial buyers continue to capitalize on corporate carve-outs.

  Article

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  Private Equity

  Honeywell explores aerospace divestiture amid maintenance backlog

  December 16, 2024

  As aerospace demand increases, Honeywell evaluates selling its aerospace unit following Elliott Investment Management’s push for strategic shifts.

  Article

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  Carveouts

  Mid-market PE shop wins $550M PPG unit as carveout deals climb

  October 17, 2024

  Global paint maker PPG sells non-core unit to middle market industrials investor AIP as carveout deals jump in Q3.

  Article

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  Middle Market

  Carveout deals stage a comeback

  July 3, 2024

  Carveouts accounted for a significant portion of middle-market deals in Q1, rebounding from slow activity last year and surpassing a historical average.

  Article

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  Buyouts

  Francisco Partners, Clearlake to buy software carveout for $2.1B

  May 6, 2024

  Francisco Partners and Clearlake Capital Group team up for the purchase of Synopsys’ Software Integrity Group.

  Article

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  Private Equity

  PitchBook Analyst Note: PE Rediscovers Divestitures as a Value Creation Strategy

  April 14, 2024

  This analyst note explores the recent rise in divestiture transactions by PE buyers.

  Research

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  Private Equity

  Carveouts, add-ons key as PE firms strategize for 2024

  December 18, 2023

  Dealmakers expect PEs to focus on portfolio management next year, using strategies like add-ons and carveouts to bolster their portfolio companies.

  Article

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  Carveouts

  HighVista nearly doubles AUM with Abrdn win

  July 19, 2023

  Alternative asset manager HighVista Strategies is expanding into lower middle market PE through its acquisition of abrdn’s US private markets business.

  Article

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  Private Equity

  European PE carveouts stymied by poor valuations

  June 27, 2023

  The anticipated uptick in European carveouts as a share of overall European PE deal activity has yet to materialize.

  Article

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  Carveouts

  B2B, IT deals stand out among European PE carveouts as activity slows

  August 18, 2022

  Companies in the B2B and IT sectors accounted for some of the biggest PE-backed European corporate carveouts in 2022 so far, as sellers seek to shore up their balance sheets by shedding noncore assets.

  Article

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  Carveouts

  Carveouts present boom-or-bust chance for PE

  November 29, 2018

  The percentage of North American and European carveouts being conducted by buyout firms is rising for a variety of reasons.

  Article

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  Private Equity

  Carving out opportunities in PE

  May 20, 2018

  Somewhat quietly, PE-led carveout acquisitions in North America and Europe have reached high levels in recent years.

  Article

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