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Markets Edge

Issued Sunday, August 23, 2026 · 00:00 UTC Edition 8/day editions · 6 papers From the chopped neck Latest Issue Archive Corporate AccountsArt Forgotten
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ISABELLA'S ISLAY M&A Intelligence Aug 22, 8:02 PM EDT

KKR takes Integer Holdings private in $5.7B all-cash deal

KKR will take medical-device manufacturer Integer Holdings private in an all-cash deal valued at about $5.7 billion.

ReadingConsolidation in unsexy infrastructure plays is accelerating. Founders calling themselves growth-stage need to know their window is closing.
WatchThe next three hospital-supply or surgical-equipment acquisitions will trend $3B-$8B. Watch for Q4 announcements.
Read full analysis → Original ↗
m&aprivate equityhealthcareconsolidation
HENRI IV Venture Intelligence Aug 22, 8:02 PM EDT
BlackSun Private Equity
MSN ↗

BlackSun Private Equity closes $1B sports and media fund

Recently launched BlackSun Private Equity, with principals from politics, sports and entertainment, is launching its first fund with $1 billion raised.

ReadingSports rights are becoming a PE category, not a vanity play. Capital is moving to proven operators with regulatory relationships.
WatchWithin 90 days, BlackSun announces its first three acquisitions. All in streaming or broadcast rights. None under $250M.
Read full analysis → Original ↗
private equitysportsmediafunding
MACALLAN 1926 M&A Intelligence Aug 22, 8:02 PM EDT
Bernhard Capital
NOLA.com ↗

Bernhard Capital with $6.5B AUM bucking PE slowdown with acquisitions

The Baton Rouge-based private equity firm, with nearly $6.5 billion in assets under management, is defying trends with new acquisitions, exits and plans to start a new fund.

ReadingRegional PE that stays active in down markets compounds faster than those that pause. Watch who's actually deploying capital in Q4.
WatchBernhard's next fund close announcement. It will be larger than the last.
Read full analysis → Original ↗
private equityacquisitionsm&aportfolio
LOUIS XIII Capital Markets Aug 22, 8:02 PM EDT
Skyways Air Services / Hy-Tech Engineers
Financial Express / Outlook Money / MSN ↗

Five IPOs over ₹5,500 crore hit Indian market; Skyways Air leads

Skyways Air Services, Hy-Tech Engineers and three others have launched subscription periods, with mainboard and SME issues slated across the week.

ReadingIssuers still accessing public markets at these valuations signals confidence in domestic demand. Watch which verticals get oversubscribed.
WatchSME segment absorption. If allocations exceed 4x, mid-market IPOs will flood September.
Read full analysis → Original ↗
ipocapital marketsindiaequity
PAPPY 23 M&A Intelligence Aug 22, 8:02 PM EDT
EverBank
MSN ↗

Five PE owners clash on strategy; EverBank exit timeline accelerates

Private-equity firms who bought EverBank three years ago are now looking for an exit after disagreements over strategy after their 2023 purchase.

ReadingConsortium deals in financial services don't survive past year three. The buyer with the strongest portfolio company will control the exit price.
WatchWho walks. The departing PE firm's next announcement will confirm sector thesis.
Read full analysis → Original ↗
private equityexitfinancial servicesportfolio
JOHNNIE BLUE Capital Markets Aug 22, 8:02 PM EDT
Crypto ETF Ecosystem
FinanceFeeds / Yahoo Finance ↗

Bitcoin ETF outflows $144.6M; institutional flows shift to Solana alts

US spot Bitcoin ETFs recorded $144.6M in net outflows on August 10, reversing a week that had pulled in roughly $854M, while data shows institutional traders favor altcoins over Bitcoin.

ReadingInstitutional capital is rotating into Solana and alts now that Bitcoin ETFs democratized the entry. Watch who's front-running the next altcoin ETF approval.
WatchSolana or Ethereum ETF applications. If approved within 60 days, outflows from single-asset Bitcoin products will accelerate.
Read full analysis → Original ↗
cryptoetfinstitutionalaltcoins
WELL POUR Luxury Sector Aug 22, 8:02 PM EDT
Hermès / LVMH / Kering
Observer / Seeking Alpha / Reuters ↗

Hermès scarcity shields family wealth; LVMH organic growth lags peers

Hermès' scarcity model continues to insulate the Dumas family from broader luxury slowdown, while LVMH sees 5% revenue decline and growth lagging competitors including Gucci's beat on Kering.

ReadingHermès isn't winning because of design. It's winning because the waitlist stabilizes demand. Watch who raises prices next.
WatchLVMH announces portfolio restructuring or acquisitions to offset organic decline. Within Q3.
Read full analysis → Original ↗
luxurylvmhhermeskering
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