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A&D dealmaking to face more scrutiny after midterm elections; Aurelius to carve out Resonac’s graphite business unit

Reported by Private Equity International
Nov 12, 2026· 2 min read
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Key Takeaways
  • • DealSage CEO and co-founder Mario Mancuso outlines his view that aerospace and defense (A&D) dealmaking may face more scrutiny if a Democrat-led Congress takes shape after the midterm elections.
  • • Aurelius has agreed to acquire the Graphite business unit of Resonac, a carve-out transaction.
  • • Mutares has agreed to sell Guascor Energy to Oaktree's Power Opportunities strategy, per the same publisher summary.
  • • The source provides headline-level detail on these transactions; deal values were not specified in the available text.
Summary
PE Hub Wire's commentary, authored by Nina Lindholm, centers on the outlook for aerospace and defense dealmaking as the U.S. midterm elections approach. DealSage CEO and co-founder Mario Mancuso discusses his expectations for the sector and the potential impact of a Democrat-led Congress, which could bring additional regulatory and political scrutiny to A&D transactions.

The same coverage reports that Aurelius has agreed to acquire Resonac's Graphite business unit, a carve-out from the Japanese chemicals company. The source material does not disclose the purchase price or other transaction terms.

In a separate transaction, Mutares has agreed to sell Guascor Energy to Oaktree's Power Opportunities strategy. Guascor Energy operates in the energy sector, and the deal reflects continued portfolio rotation by European mid-market private equity firm Mutares. Financial terms were not disclosed in the available source.

Taken together, the items point to active deal flow across industrials and energy, with the A&D regulatory outlook a key variable for sponsors evaluating defense-sector exits and acquisitions.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Private Equity International A&D dealmaking to face more scrutiny after midterm elections; Aurelius to carve out Resonac’s graphite business unit