CD&R and McKesson buys Option Care Health for $5.8B. Clayton Dubilier & Rice and healthcare services company McKesson Corp. have agreed to acquire Option Care Health for $32.05 per share, implying an enterprise value of approximately $5.8 billion. CD&R will hold an approximately 51 percent majority interest, while McKesson (NYSE: MCK) will invest approximately $1.4 billion for an approximately 49 percent minority stake. The agreement also establishes a framework for McKesson to acquire CD&R's interest in the future, subject to specified conditions and regulatory approvals. Option Care Health (Nasdaq: OPCH) will remain a separate company under its existing management team. Illinois-based Option Care Health is an independent infusion therapy provider in the U.S., delivering treatments in patients' homes and through infusion centers nationwide. The company provides infusion and injectable therapies for acute and chronic conditions, including neurological and autoimmune disorders, infectious diseases and other complex conditions, as well as nutrition and specialty medication services. Its network includes more than 197 infusion suites across the country, supported by more than 5,000 multidisciplinary clinicians and serving more than 308,000 patients annually. Centerview Partners is financial advisor, Kirkland & Ellis is legal advisor and Joele Frank, Wilkinson Brimmer Katcher is strategic communications advisor to Option Care Health. BofA Securities, Barclays, Goldman Sachs, Jefferies and Wells Fargo are financial advisors to the consortium and are providing committed financing. Debevoise & Plimpton is legal advisor to CD&R, while Davis Polk & Wardwell and Reed Smith are legal advisors to McKesson. Kohlberg Acquires Majority Stake in Advanced Industrial Devices from Black Bay Advanced Industrial Devices offers engineered automation and control services for mission-critical infrastructure. To read the entire story, you must be logged in. LS Power Closes $6B Fund VI Above Target Fund VI will invest in renewable and conventional generation, energy storage, distributed energy resources and other critical energy infrastructure. To read the entire story, you must be logged in. Avance Adds Carl Stanton as Senior Partner to Expand Industrial Services Strategy Stanton has previously served as managing partner and head of private equity at Invesco Private Capital. To read the entire story, you must be logged in. Sojourner Consumer Partners Merges Lornamead Products with AMG Brands in $279M deal The merger brings together Lornamead's personal and oral care portfolio with AMG's household and personal care brands. To read the entire story, you must be logged in.

LS Power, a North American power and energy infrastructure firm, has closed its sixth fund with approximately $6 billion in commitments. Launched in January 2026, Fund VI exceeded its $4 billion target and reached its hard cap by July due to strong investor demand. The fund will invest in renewables, conventional generation, energy storage, and distributed energy resources. Approximately $1.7 billion has already been committed towards LS Power's pending acquisition of a 5-gigawatt gas-fired generation platform from Constellation Energy across Mid-Atlantic and Texas power markets. The fund attracted commitments from pension funds, insurance companies, sovereign wealth funds, and other institutional investors globally. LS Power has raised approximately $19.8 billion in equity commitments across all its investment partnerships since inception.

LS Power to buy Brazos Valley Energy Center from Constellation. The acquisition of the Brazos Valley plant will bring LS Power's US operating fleet to 14.1GW once pending deals close. LS Power has reached a definitive agreement to purchase the Brazos Valley Energy Center, a 606MW natural gas-fired combined-cycle facility in Texas, US, from Constellation for $860m. Previously known as the Jack Fusco Energy Center, the facility is located near Houston, within the Electric Reliability Council of Texas (ERCOT) power market. The sale forms part of regulatory commitments tied to Constellation's earlier acquisition of Calpine. According to Constellation, the divestiture of the Brazos Valley Energy Center is the final asset required to be sold under these commitments. Closing of the transaction is pending approval from the US Department of Justice and other customary conditions. Both companies anticipate completing the deal by the end of the year. LS Power CEO Paul Segal said: "Texas is experiencing exceptional economic growth as its pro-business policies continue to attract companies, investment and jobs from across the country. That growth is driving rapidly increasing demand for electricity, while new generation projects can take years to develop and bring online. "Acquiring and optimising proven assets is one of the fastest and most cost-effective ways to meet that need, and natural gas is well-positioned to provide the reliable, around-the-clock capacity the market requires. This acquisition reflects our 'more of everything' approach and our commitment to delivering the affordable, reliable power needed to sustain Texas' growth." The addition of the Brazos Valley plant will increase LS Power's generation portfolio in ERCOT. Following completion of this and other pending transactions, LS Power's national operating fleet is expected to reach around 14.1GW. This latest deal follows an announcement in March in which LS Power agreed to acquire a 4.35GW portfolio of five gas-fired generation assets in the Pennsylvania-New Jersey-Maryland (PJM) market from Constellation. Legal advisers to LS Power on the Brazos Valley acquisition were White & Case and Willkie Farr & Gallagher, with Houlihan Lokey and RBC Capital Markets providing financial advice. Constellation separately reported that its generally accepted accounting principles net income for the second quarter of 2026 declined to $1.42 per share, compared to $2.67 per share in the previous year. Adjusted operating earnings for the quarter rose to $2.55 per share from $1.91 per share. The company also signed an additional 920MW of long-term nuclear power purchase agreements with various investment grade customers, with these agreements set to begin between 2029 and 2032. Among these, a 176MW deal with Walmart is expected to support expansion at the Dresden Clean Energy Center in Illinois. Give your business an edge with its leading industry insights.