hebel. today · 6 November 202627 / 74

Business · Venture Capital Insights

Industrial-style consolidation replaces venture growth bets

Creadev, the investment arm of the Mulliez retail family, has abandoned traditional venture-style growth in favor of ruthless cross-border consolidation, acquiring companies like MYDAWA and Lapaire to integrate their fulfillment backbones and regulatory rails.…

Creadev, the investment arm of the Mulliez retail family, has abandoned traditional venture-style growth in favor of ruthless cross-border consolidation, acquiring companies like MYDAWA and Lapaire to integrate their fulfillment backbones and regulatory rails (Finance Historian). Rather than waiting for liquidity, the firm uses its industrial balance sheet to trigger restructuring and take operational control when assets face regional stalls (Finance Historian). This shift mirrors a broader trend in private equity where firms like Partners Group exert deep influence over childcare chains like KinderCare through controlling majority shares (zero2eight zero2eight covers early care…). Meanwhile, private credit funds are scaling rapidly by deploying capital across dozens of sports infrastructure and stadium projects annually, capturing stable contractual interest payments that remain detached from on-field performance (Sebastian Amieva from Mergers And Acquisitions Newsletter™).

  • Global secondary market transactions reached $124 billion in the first half of 2026 as fund managers seek exit liquidity.
  • Half of US venture capital deal value in 2025 went to just 0.05% of completed deals, reflecting extreme capital concentration (Bryan Hanley from Second Layer VC).
  • Stifel Bank will integrate Meow’s stablecoin treasury and payment platform for its venture and fund banking clients starting in early 2027 (Ben Lakoff from Deal Flow Digest).

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Sources

  1. Ben Lakoff, Deal Flow Digest ✎ Written by a personStifel Bank’s integration of Meow’s stablecoin platform shows how traditional banking is adopting crypto-native rails for fund clients.

  2. Sebastian Amieva, Mergers And Acquisitions Newsletter™ ✎ Written by a personPrivate credit funds target sports stadium infrastructure to secure long-duration, lower-volatility returns through contractual revenue streams.

  3. Finance HistorianCreadev’s investment philosophy prioritizes industrial-style governance and EBITDA over the high-burn growth models typical of venture capital.

  4. Bryan Hanley, Second Layer VC ✎ Written by a personData shows that half of US venture capital deal value in 2025 was concentrated in just 0.05% of completed deals.

  5. zero2eight zero2eight covers early care…Partners Group maintains controlling influence over childcare chains, showing how private equity dictates operations through majority shareholdings.

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