David Chau Takes ABC 7pm Finance as Private Equity Raids the ASX
ABC named David Chau to replace Alan Kohler on 7pm finance as private equity buyouts of ASX firms surge and ASIC cracks down on private credit funds.
Private equity has moved from a specialized corner of finance into a dominant force reshaping entire industries. These firms raise pools of capital from institutional investors, pension funds, and wealthy individuals to acquire companies, restructure or grow them, and eventually sell for a profit. What was once concentrated in traditional buyouts of struggling manufacturers now stretches into sports franchises, real estate, energy infrastructure, and financial services firms once thought immune to outside ownership.
The sector matters now because its influence has become impossible to ignore. Private equity firms are increasingly the dominant buyers in high-profile deal categories, and the exit routes they choose—whether public offerings, sales to strategic buyers, or secondary deals to other PE firms—ripple through markets and public perception alike. At the same time, years of aggressive dealmaking during low-interest-rate conditions have left many firms holding portfolios of aging, underperforming investments that are difficult to sell or take public, creating pressure across the industry to find liquidity.
Readers will find coverage here spanning major acquisitions and buyout announcements, the politics and controversies surrounding specific deals and sponsors, structural challenges like aging portfolios and exit bottlenecks, and the expansion of PE capital into new sectors such as professional sports, energy, and consumer finance. We also track how regulatory scrutiny, interest-rate shifts, and investor sentiment are influencing fundraising and deal activity. Whether you're following the money behind a stadium sale or trying to understand why an IPO market remains sluggish, this hub connects the dealmaking decisions of private equity to their broader economic and political consequences.
ABC named David Chau to replace Alan Kohler on 7pm finance as private equity buyouts of ASX firms surge and ASIC cracks down on private credit funds.
American Tower shares rose as much as 8.6% after SpaceX agreed to buy Grain Management's 800 MHz spectrum for a reported $8B, pointing to new tower demand.
Partners Group Private Equity bought back 15,899 shares into treasury and added €10m to its buyback as investors voted 99.89% to wind down the trust.
Private equity firms facing an exit drought are using private credit loans for dividend recaps while credit funds cap redemptions and defaults climb.
Grant Thornton UK's chief executive says Cinven's 60% stake and £1.5bn valuation sharpen audit quality because the buyout firm must eventually sell the firm.
Sullivan & Cromwell hires Kirkland partners for a private equity push as buyout exits, debt walls and take-private bids reshape the industry.
GTCR is reportedly in buyout talks with SPS Commerce, sending shares up 7% Friday after months of activist pressure and a Morgan Stanley sale review.
Thoma Bravo paid steep lender concessions to refinance Proofpoint's $5bn debt, exposing AI-driven strain across software buyouts.
KKR is selling USI Insurance to Aon for $17bn and will clear about $3.3bn after tax, the first major payoff from a unit that invests the firm's own capital.
PayPal stock fell 13% after reports that Advent and Stripe dropped their pursuit of a takeover of the payments company.
Private equity now drives 61% of sports M&A since 2019, highlighted by a $2.6B Yankees-Apollo deal and growing regulatory pushback elsewhere.
A canceled offshore wind deal delivers a $900 million benefit to a private equity firm led by a major Trump donor.
New state laws on private equity healthcare deals took effect in 2026, and PitchBook data shows physician practice deals on pace to fall by about half this
Vistria closed its majority investment in Curi Capital on Oct. 1, 2026. Curi Holdings and WPCG keep stakes, and the $14B RIA plans acquisitions. Terms
Retail private credit funds capped withdrawals at 5% through 2026 as requests hit 10-14%, while the SEC voted to widen retail access to private assets.
Private equity faces an $860B backlog of unsellable firms, even as exit activity and select deals show signs of recovery.
Apollo's $2.6B Yankees deal, Arctos's Falcons stake and a record $12.5B Lakers sale show private equity pouring into sports even as exits remain scarce.
Apollo's £5.7bn easyJet deal and Silver Lake's Workday talks show buyout firms buying cheap listed companies while IPO exits stall and private credit gets
KKR's Arctos buyout, Apollo's $2.6B Yankees financing and new NFL stake sales show private equity and private credit are now a permanent part of pro sports.
Apax Partners sold 8M OPENLANE shares for about $277.6M, cutting its stake to roughly 7% from 13.4%, while OPENLANE bought back 727,590 of the shares.
EverBank's private equity owners are weighing a sale or IPO after clashing over strategy since their 2023 buyout.
Fitch's U.S. private credit default rate hit a record 6.3% in August as stalled PE exits drove maturity extensions, PIK use and BDC non-accruals higher.
Apollo, Blackstone, Brookfield and CVC are going after Britain's £1tn+ pension pool through insurer deals that channel buyout assets into private credit.
Private equity's expanding reach into sports, finance, defense and health care is drawing record deals and new regulatory scrutiny.