Multiple major M&A transactions and bankruptcies dominated the deal landscape. NextEra Energy agreed to acquire Dominion Energy for $66.8 billion in an all-stock deal. Shein acquired Everlane for $100 million, while Authentic Brands Group bought Lee from Kontoor Brands. IMAX is exploring a potential sale. West Marine, Del Monte Foods, Warrior Technologies, and Bitcoin Depot filed for Chapter 11 bankruptcy. Other notable deals include Medtronic's acquisition of SPR Therapeutics for $650 million and KKR's sale of CIRCOR Aerospace to Parker Hannifin for $2.55 billion.

Parker-Hannifin (PH) announced a $2.55 billion acquisition of CIRCOR International's Commercial and Defense Aerospace business, owned by KKR. The deal is expected to close in H2 2026 and adds complementary flight-critical motion and flow control systems. Parker projects the business to generate $270 million in 2026 sales with margins above 40% before synergies, and expects the deal to be immediately accretive to EPS and cash flow. The company also raised its full-year 2026 guidance.

FS KKR Capital Corp (FSK), a business development company, trades at a significant discount to book value (58 cents on the dollar) despite a 15.3% yield. Despite two recent dividend cuts and rising non-accruals in its loan portfolio, KKR is backing the stock with a $600 million capital commitment including preferred stock purchases, share buybacks, and fee waivers. The author argues this management support and potential mean reversion could deliver 36% total returns.

Ken Griffin, founder of Citadel, warns that wealthy investors may not fully understand the risks of private credit investments, particularly the liquidity mismatch between investor expectations and actual fund duration. With the $3.5 trillion private credit industry facing mounting redemption pressures, major firms like Blue Owl Capital and BlackRock have already limited withdrawals from flagship funds. Despite emerging stress signals, capital raising continues as firms launch new vehicles targeting wealth management clients.

Thrive Capital has acquired a sub-10% stake in the San Francisco Giants through a new permanent holding company called Thrive Eternal, which focuses on assets that cannot be replicated by technology. Former Disney CEO Bob Iger has rejoined Thrive Capital as an advisor and will be involved in the sports investment strategy. The deal reflects a broader trend of private equity and venture capital firms investing in professional sports franchises as the global sports market is projected to grow from $463 billion in 2024 to $863 billion by 2033.

TPG Inc. achieved record performance in 2025 with $303B in AUM, 23% growth, and $51B in new capital raised, but its stock fell 40% in early 2026 amid geopolitical tensions, AI concerns, and industry-wide liquidity worries. Despite strong fundamentals and a 5.5% dividend yield, analysts maintain a Moderate Buy rating with a $64 price target, suggesting the selloff may be overdone for patient investors.

Contrarian investors identify three beaten-down sectors with buying opportunities: financials (American Express, KKR, Apollo Global Management, Blue Owl Capital, Robinhood), healthcare (Molina Healthcare, Oscar Health, Hims Hers Health), and software (Microsoft, Oracle, ServiceNow, Figma). They recommend avoiding energy stocks, which have rallied too far on momentum and FOMO despite potential long-term gains.

Blue Owl Capital stock fell 1.89% after announcing it would cap redemptions at 5% for two of its funds due to elevated withdrawal requests. The move reflects broader concerns in the private credit sector, with peers like Apollo Global Management and Ares Management implementing similar restrictions. The sector faces headwinds from geopolitical tensions and concerns about AI's impact on software companies in private credit portfolios.

Coder, an AI development infrastructure platform, announced a $90 million Series C funding round led by KKR, with participation from QRT and Uncork Capital. The funding will support platform innovation for enterprise AI workflows and geographic expansion. Coder has achieved 300% YoY bookings growth and 184% net dollar retention, driven by customer expansion as enterprises adopt AI-assisted development tools.

KKR announced plans to acquire Japanese electronic materials maker Taiyo Holdings at 4,750 yen per share, representing a 117-140% premium to historical averages. The deal has support from Taiyo's board and major shareholders representing 42.2% of shares. KKR shares traded 0.54% higher in premarket, though the stock faces longer-term headwinds with a 21.5% decline over 12 months.

Apollo Global Management is in advanced talks to acquire private jet fixed-base operator Atlantic Aviation from KKR & Co. in a deal valued at approximately $10 billion. Apollo is partnering with GIC Pte to purchase a controlling stake, while KKR plans to retain its interest through fresh investment. The transaction is expected to close in Q3 and represents one of KKR's largest recent realizations, generating roughly 15 times its original equity investment.

Private equity firms KKR, CD&R, and PAI Partners are advancing their bid for a 50% stake in Nestlé's water and premium beverages division, valued at $5.75 billion. The division includes brands like Perrier and S.Pellegrino. Other bidders include Blackstone, Bain Capital, and Platinum Equity. Bankers are arranging debt financing of €2-3 billion for the potential transaction.