Private Equity Firm
Appears in 5 stories · Last updated Jul 31, 2026
As of July 2026: Co-owner of TK Elevator; selling to Kone
Finland's Kone agreed in April 2026 to buy Germany's TK Elevator for €29.4 billion. The deal pairs €5 billion in cash with 270 million new Kone shares, which would create a company with 3.2 million units under maintenance and roughly €20.5 billion in combined annual revenue. Shareholders approved the share issuance on June 3, clearing the first major internal hurdle.
Updated Jul 31
As of July 2026: Seller
The gear that finds enemy submarines comes largely from one mid-sized firm, Ultra Maritime. On July 6, 2026, Lockheed Martin agreed to buy it for $3.45 billion.
Updated Jul 6
As of June 2026: Owner of Nuvei
Payoneer went public in 2021 at a $3.3 billion valuation. On June 15, 2026, it agreed to sell itself to Nuvei for about $2.75 billion in cash, less than its debut price.
Updated Jun 15
As of May 2026: Controlling shareholder exiting investment
Olaplex went public in September 2021 at a valuation north of $15 billion, riding a wave of consumer enthusiasm for its patented bond-repair hair treatments. In four and a half years, the company faced lawsuits alleging hair loss, a banned ingredient scandal, and relentless competition. German consumer goods conglomerate Henkel agreed to buy it for $1.4 billion—roughly a tenth of its IPO value.
Updated May 30
As of May 2026: Lead buyer in Heidrick take‑private and active consolidator across sectors
Before the market opened on December 11, Ares Management — a private-credit powerhouse with nearly $600 billion under management — slid into the S&P 500, replacing Kellanova. Kellanova completed its $35.9 billion sale to Mars that day.
Updated May 10
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