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While we didn’t find any nordic deals we are covering plenty of others: a global infrastructure manager announced a groundbreaking terminal joint venture worth billions, a growth equity firm led a $25 million Series A for AI-native compliance infrastructure, a new retail insurance brokerage platform launched with its first partnership, and private credit kept flowing to European manufacturers while photonics and asset integrity platforms expanded through strategic acquisitions.
With private markets continuing to demonstrate resilience amid shifting macro conditions, dealmakers are finding opportunities across infrastructure, technology, and specialty industrials.
Let's break it down.
Stonepeak
United Ports Terminal Joint Venture
Stonepeak and CMA CGM Group announced an agreement to launch United Ports LLC, a U.S. joint venture to acquire 10 major CMA CGM-operated port terminals worldwide. Stonepeak will invest $2.4 billion for a 25% minority stake, while CMA CGM retains 75% ownership and full operational control. The portfolio includes key assets such as Fenix Marine Services in Los Angeles, Port Liberty terminals in New York and Bayonne, Santos terminals in Brazil, multiple Spanish facilities, and terminals in India, Taiwan, and Vietnam.
The partnership also includes potential for an additional $3.6 billion in funding for future joint terminal projects. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.
Insight Partners
AI-Native Compliance Platform Investment
Insight Partners led a $25 million Series A for Slice Global Equity, an AI-native global equity compliance and management platform for multinational companies. Fenwick and Cooley LLP participated as investors alongside existing backers TLV Partners, R-Squared Ventures, and Jibe Ventures. The round brings Slice's total funding to $32 million.
The platform automates the full equity lifecycle including cap tables, grants, exercises, multi-country compliance, and liquidity readiness. Slice's customers include unicorns such as Wiz, VAST Data, and Wayve. The company reports reducing equity ops cycle times by 60% and cutting outside local counsel fees by 80% across multiple jurisdictions.
Partners Group
Multi-Alternatives SMA Launch with BlackRock
Partners Group announced the next milestone in its partnership with BlackRock with the launch of a multi-alternatives separately managed account for U.S. wealth advisors. The first-of-its-kind solution includes three outcome-aligned profiles, giving wealth advisors the ability to better match their clients' objectives to a matching private markets allocation in a single account. \
The offering addresses barriers to private markets access including fragmented client experience and limited scalability as companies stay private longer and public markets show increasing concentration.
H.I.G. WhiteHorse
Büter Group Financing
H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, provided a new first lien, senior-secured credit facility to Büter Group, a portfolio company of NPM Capital. Based in Emmen, the Netherlands, Büter is a manufacturer of hydraulic cylinders and hydraulic lift solutions for OEMs of low- to mid-volume off-highway vehicles and attachments used across agriculture, construction, and material handling sectors.
The company employs approximately 550 people across three sites in the Netherlands and Germany. The financing supported NPM Capital's acquisition of Büter and demonstrates H.I.G. WhiteHorse's ability to invest across a wide range of sectors including manufacturing and industrials.
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TPG launches Third Wave Insurance – TPG announced the launch of Third Wave Insurance, a newly formed retail insurance brokerage platform utilizing the latest technology and innovation to drive client success. The platform is led by Founder and CEO Brian Bair. In tandem with the launch, Third Wave announced its inaugural partnership with Palmer & Cay, a leading independent insurance and employee benefits brokerage with offices across the Southeastern U.S.
Technical Toolboxes acquires HUVR – Technical Toolboxes, the global leader in critical assessment software for energy infrastructure, acquired HUVR, a pioneer in inspection data collection and digital workflows for asset integrity programs. The strategic move combines Technical Toolboxes' 30-year history and expertise with pipeline and asset engineering software with HUVR's next-generation asset data platform. Together, the companies will create a more unified workflow between inspection field data collection (API 510, 570, 653), critical engineering assessment, and data storage tailored to the needs of energy asset owners and inspectors.
Pfingsten's PLT Holdings acquires Diode Laser Concepts – Pfingsten announced its portfolio company, PLT Holdings, L.P., acquired Diode Laser Concepts Inc., a designer and manufacturer of custom, turnkey laser modules and systems. Headquartered in Medford, Oregon, DLC's products support critical applications across analytical instrumentation, medical, industrial, and defense. The acquisition marks PLT's first strategic acquisition under Pfingsten's ownership and expands the platform's product portfolio and engineering capabilities.
No major regulatory or industry developments tracked today.
Fortress Investment Group – Dawn Blankenship joined Fortress Investment Group as Managing Director in the Client & Product Solutions Group in the Dallas office. Her appointment is the latest in a series of senior appointments within the Client & Product Solutions Group as Fortress expands its geographic footprint and grows both its capital raising and investment teams.
HarbourVest Partners – Carli Doers was appointed Head of Marketing for Global Private Wealth at HarbourVest Partners. As private wealth becomes an increasingly important and rapidly growing business for the firm, Doers will lead efforts to expand digital and data-driven marketing, elevate thought leadership and education initiatives, and build integrated campaigns tailored to the needs of wealth managers and their clients.
CVC DIF – CVC DIF announced multiple senior appointments across its investment and value creation team. In the DACH region, Stefan Moosmann was appointed Head of the Frankfurt office, and Alexander Doll will join as Chairman for the DACH region in February 2026. Mark Bakker was promoted to Partner and Head of the Amsterdam-based investment team. In Madrid, Ángel García-Altozano Fesser joined as Managing Director in the Investment Team, and Bruno Esgalhado joined as Managing Director, Value Creation.
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That's the wrap. More deals coming your way tomorrow.
- Private Markets Minute Team