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Dakota has released its inaugural Software & Technology Transactions Report for July 2025, providing timely insights into capital deployment, large-scale M&A, and strategic activity across AI, cybersecurity, connectivity, and enterprise software.

This month’s report highlights landmark transactions, including multi-billion-dollar acquisitions by Synopsys, Palo Alto Networks, and Blackstone, and tracks the growing investor focus on foundational AI, agentic software, and secure digital infrastructure.

Download the July 2025 Software & Technology Transactions Report

A few big moves across sectors dominated news headlines on what proved a somewhat slow day for deals. Leading the way in tech, Thoma Bravo is circling HR software platform Dayforce in a potential $11B take-private, a deal that could reshape the HR software landscape.

In real estate, Legal & General’s Managed Property Fund is set to merge with Federated Hermes’s Property Unit Trust, creating a £4.7B ($6.3B) fund in a consolidation move amid ongoing challenges in the UK property sector. On the hospitality side of things, MCR Hotels, with backing from Apollo Funds and a group of high-profile investors including Ashton Kutcher, agreed to lead a $2.7B take-private of Soho House.

Finally, Audax made the big exit of the day, agreeing to sell defense cable provider Trexon to Amphenol for $1B, while in consumer markets, South Korean fashion platform Musinsa is lining up a potential $7.2B IPO, riding a wave of investor enthusiasm for Asian tech and e-commerce.

Read on for a full rundown of all the latest transaction news.

Tech & Telecom

M&A

Thoma Bravo in Talks to Acquire Dayforce
Thoma Bravo is reportedly in talks to acquire human resources management software platform Dayforce, which has an enterprise value of over $11B, including $1.2B in debt, and the take-private transaction could be announced in the coming weeks. The deal could face delays or falter and there is a possibility of other parties making an offer.

Enlightenment Capital-Backed Cryptic Vector Acquires Caesar Creek
Enlightenment Capital-backed Cryptic Vector acquired offensive cyber research and development services provider Caesar Creek Software. Financial terms of the transaction were not disclosed. The transaction will expand Cryptic Vector capabilities in vulnerability analysis, exploit development, reverse engineering and network security.

Verny Capital, VEON JV Sells Sky Mobile to Eldik Bank
Menacrest, a joint venture between Kazakhstan-based Verny Capital and VEON, sold Sky Mobile to state-owned financial institution Eldik Bank for an undisclosed amount. Baker McKenzie served as advisor to Menacrest for the transaction. Verny Capital’s Crowell Investments held a 49.9% stake in Menacrest, while Veon held a 50.1% indirect interest. Sky Mobile operates under the Beeline brand in Kyrgyzstan.

Valeo Networks to Acquire DoraHacks-backed SpliceNet
Siebert Williams Shank & Co.-backed Valeo Networks, an AI-enabled managed security service provider, acquired Cincinnati, OH-based managed service provider SpliceNet Consulting. Financial terms of the transaction were not disclosed. SpliceNet Consulting is backed by DoraHacks, Hack VC and Magnus Capital.

The One 23 Group Acquires Integrated Computer Solutions
Willow Creek Partners-backed The One 23 Group acquired mission IT and cybersecurity services provider Integrated Computer Solutions. Financial terms of the transaction were not disclosed. Tide Lock Partners, Greenberg Traurig and Baker Tilly advised O23G on the deal, while Rock Hall Partners and McDonald Hopkins served as advisors to Integrated Computer Solutions.

Tonka Bay Equity-Backed Corporate Technologies Acquires Cenetric
Eden Prairie, MN-based managed IT services leader Corporate Technologies acquired Cenetric, a Kansas City, MO-based managed service provider, marking its eighth overall acquisition and 18th market expansion. The deal, the third since Corporate Technologies partnered with Tonka Bay Equity Partners in July 2023, integrates Cenetric into its nationwide growth strategy.

Venture & Growth

EdgeCortix Completes Initial Close of Series B Funding
Fabless semiconductor company EdgeCortix made an initial closing of its Series B funding round with investments from Yanmar Ventures, Pacific Bays Capital, NTT Finance Corporation, SiC Power and Aero X Ventures. Existing investors SBI Investments and Global Hands-On VC also participated in the funding round. Tokyo-based EdgeCortix has raised about $100M in cumulative funding since December 2024.

IVIX Raises $60M in Series B Round
O.G. Venture Partners led a $60M Series B funding round for New York-based IVIX, an AI-powered platform to help combat financial crimes, bringing the company’s total funds to $85M. Investors include Insight Partners, Citi Ventures, Team8, Disruptive AI, Cardumen Capital and Cerca.

Bessemer Venture Partners Leads $5.5M Round for AI Startup Create
Bessemer Venture Partners led a $5.5M funding round for San Francisco, CA-based AI agentic startup Create, bringing the company’s total funding to $8.5M.

Coinbase-Backed Momentum Invests in DeAgentAI
OKX Ventures- and Coinbase Ventures-backed Momentum, a decentralized exchange in the Sui ecosystem, invested in DeAgentAI, an AI infrastructure project on the Sui blockchain. Momentum has raised $100 M in financing and has hit a $100M valuation.

Polestar Analytics Raises $12.5M in Growth Capital
Dallas, TX-based Polestar Analytics, an AI-driven data analytics company, raised $12.5M in growth capital from a consortium of US-based investors. The funding will be used to enhance the company's AI capabilities and further develop its proprietary 1Platform.

White House Considers Converting $10.9B Chip Grants Into Intel Equity
The Trump administration is reportedly in discussions to acquire a 10% stake in Santa Clara, CA-based semiconductor company Intel Corp., in a move that could make the US government its largest shareholder. The potential investment, valued at approximately $10.5B, would involve converting some or all of Intel’s $10.9B in grants from the US Chips and Science Act into equity.

Sports, Media & Entertainment

Platinum Equity Agrees to Acquire Anuvu
Platinum Equity agreed to acquire Lombard, IL-based Anuvu, a provider of in-flight entertainment and connectivity solutions for the airline and cruise industries, for an undisclosed amount. Drake Star served as exclusive financial advisor to Anuvu for the transaction. The company expects to close the transaction in the fourth quarter of 2025, pending regulatory approvals.

Batbox Raises $3M Capital From EMERGING
Growth capital fund Emerging invested $3M in Addison, TX-based immersive baseball simulation company Batbox. The new capital expands Batbox’s funding to over $10M, and the funds will be used to expand the company’s technology with a new software platform and licensing program. Batbox plans to open its first US venue in Dallas in September and license technology to other venues. 

Healthcare

M&A

Oceanpine Capital Proposes To Acquire LakeShore Biopharma
Chinese biopharmaceutical firm LakeShore Biopharma received a preliminary non-binding proposal from Oceanpine Capital and Oceanpine Investment Fund II to acquire all outstanding shares not yet currently owned by Oceanpine for 86 cents per share in cash. Oceanpine has engaged White & Case LLP as its international legal advisor. LakeShore’s board of directors is reviewing the proposal.

THL Partners Reportedly Paying $600M to Acquire Headlands From KKR
Thomas H. Lee (THL) Partners is reportedly acquiring clinical trial sites network Headlands Research from funds managed by KKR in a deal valued at $600M. The acquisition, which was announced Aug. 14 and funded by THL Fund IX, is set to strengthen Headlands Research’s ability to provide trial data to biotech and pharmaceutical companies, helping to advance new medical treatments.

Linden-backed Sage Dental Continues Florida Expansion
Sage Dental, a portfolio company of Linden Capital Partners, continued its expansion in South Florida with the acquisition of Fort Lauderdale, FL-based The Dental Group. The company is operating as Sage Dental of Oakland Park after the acquisition.

ResiDex.AI Snaps Up Kevala
Accel-KKR’s portfolio company, ResiDex.AI, acquired AI-powered workforce management platform Kevala. The improved platform integrates Quin, Kevala’s predictive staffing solution to ResiDex’s clinical documentation and care planning.

Hildred-Backed SportsMed Adds 49th Clinic
Glen Rock, NJ-based outpatient rehabilitation services provider SportsMed Physical Therapy, a portfolio company of Hildred Capital Management, acquired a new clinic in Ridgewood, NJ, bringing its total to 49 locations. Holland & Knight served as legal counsel to the deal.

Venture & Growth

Anocca Raises $46M For Pancreatic Cancer Meds Advancement
Mellby Gård led a SEK 440M ($46M) financing round for Anocca, a Swiss clinical-stage T-cell immunotherapy company. The financing would allow the company to advance VIDAR-1, a gene-edited T-cell therapy for pancreatic cancer, through early-stage clinical trials. Existing investors, along with AMF, Ramsbury and new investors, also participated in the round.

Financials

M&A

$72B RIA Cresset to Merge With Investment Consultancy Monticello Associates
Chicago, IL-based Constellation Wealth-backed RIA and multi-family office Cresset reportedly agreed to merge with Denver, CO-based investment consultancy Monticello Associates. The firm, which is controlled by its employees and is led by founder and executive chairman Grady Durham, manages $124B in assets under advisement. The planned merger is expected to close later in 2025.

Genstar Buys Majority Stake in $161B First Eagle; Blackstone, Corsair Cash Out 
Private equity firm Genstar Capital closed a majority investment in New York-based $161B investment management firm First Eagle Investments. The deal, which was first announced in March, marks the exit of previous majority owners Blackstone and Corsair. 

RWA Wealth Closes on California’s $344M Moirai Wealth
Summit Partners-backed $18B RWA Wealth Partners acquired San Francisco, CA-based RIA Moirai Wealth Management. The firm manages $344M in assets by providing services to high-net-worth and ultra-high-net-worth individuals and families. The deal strengthens RWA's presence on the West Coast, which now includes two offices and 14 employees in California, including the four-member team from Moirai Wealth. 

Merit Financial Looks to Close $800M Texas RIA Acquisition
Merit Financial Advisors is reportedly planning to close the acquisition of a hybrid $800M RIA in Texas. Merit President Kay Lynn Mayhue told Financial Advisor that the firm, which recently received a strategic minority investment from Constellation Wealth Capital, is also looking to close two outstanding letters of intents for $1B plus firms.

Echo Base Portfolio Company Acquires Omni Wallet
Omni Acquisition Corp, a multi-chain Web3 self-custodial wallet and portfolio management system and an affiliate of Echo Base Holdings, acquired the assets and team of Omni Wallet, from Omni Ltd. Web3 M&A marketplace Acquire Fi provided consultancy to Omni for the acquisition.

Norway's Sovereign Wealth Fund Selling Stakes in More Israeli Companies
Norges Bank Investment Management, Norway’s $2T sovereign wealth fund, is divesting from more Israeli companies amid public pressure over the war in Gaza. Since Aug. 8, the fund has sold its stakes in a total of 12 companies, with more under review. The fund's board stated the divestments are based on recommendations from its external ethics council and are tied to violations of international law, rather than the companies' location. As of Aug. 14, the fund's remaining investments in Israeli companies were valued at $1.9B. 

Société Générale Sells Banking Subsidiary in Mauritania
A consortium led by investors Enko Capital and Oronte acquired Société Générale's retail banking subsidiary in Mauritania. The deal is part of the French bank’s ongoing withdrawal from Africa. The new owners plan to strengthen the bank's role in financing key Mauritanian sectors, including mining, gas and agriculture. Société Générale had been the primary shareholder of the subsidiary since 2007. 

Venture & Growth

Basic Capital Closed a $25M Series A with Forerunner and Lux Capital
Forerunner and Lux Capital co-led a $25M Series A funding round for 401(k) platform Basic Capital. Existing investors SV Angel and Box Group participated in the round alongside new investors HOF Capital and Inspired Capital. 

Tote.AI Secures $22.6M For Convenience Store-Focused Point-Of-Sale System
Cota Capital led a funding round for San Francisco-based AI-native point-of-sale system Tote.AI. The funding round, which raised $22.6M for the firm, saw the participation of Storm Ventures and Cervin Ventures. Tote.AI primarily serves fuel and convenience store owners, aiming to improve store operations. 

Other News

Octane Secures $300M Forward-Flow Agreement with Moore Specialty Credit
Octane, a fintech company with a particular focus on powersports lending, secured a $300M forward-flow agreement with Moore Specialty Credit (MSC), a platform hosted by Moore Capital Management. Under the two-year, renewable deal, MSC is set to purchase up to $300M in fixed-rate powersports loans originated by Octane's in-house lender, Roadrunner Financial. The deal marks Octane's fourth such agreement and brings its total forward-flow commitments to over $2B in the past year. 

Winklevoss Twins Rides Pro-Crypto Wave Despite Heavy Losses
Gemini Space Station, the Winklevoss twins’ crypto exchange and custodian, filed for a Nasdaq IPO under the ticker GEMI, even as it reported a net loss of $282.5M for the six months ended June 30, up from $41.4M a year ago. Backed by $18B in assets and revenues driven largely by trading fees, Gemini is joining a wave of crypto firms going public amid favorable US regulation, following recent blockbuster debuts by Circle and Bullish. The Winklevoss twins also made an investment in American Bitcoin Corp, a crypto-mining venture tied to Eric and Donald Trump Jr. 

Professional Services

M&A

Hg-Backed Ideagen Makes Sixth 2025 Deal with Reactec Acquisition
British compliance and risk management software provider Ideagen acquired Reactec, a UK-based provider of wearable technology and data analytics, its sixth acquisition of 2025. Ideagen is backed by Hg Capital through its subsidiary, Rainforest Bidco Limited, while Reactec, a spin-out from the University of Edinburgh, was an early investment of the Scottish investment syndicate Archangel Investors. 

QuickStart Buys Trivera Technologies to Expand AI, Cybersecurity Offerings
Austin, TX-based QuickStart acquired training platform Trivera Technologies for an undisclosed amount. QuickStart, an IT skills workforce readiness and certification training provider, is backed by Leif, Moneta Ventures and Sattar Ventures. The transaction will expand QuickStart’s AI, cybersecurity and software engineering offerings. 

IFS Acquires 7bridges to Supercharge AI-Powered Supply Chains
EQT-, Hg Capital- and TA Associates-owned industrial AI software provider IFS acquired UK-based supply chain management solution provider 7bridges. The acquisition will allow IFS to integrate 7bridges' AI-powered simulation and analytics technology into its IFS Cloud platform, accelerating the development of next-gen AI supply chain solutions and potentially reducing transport costs by an average of 8% for customers.

Comply365 Expands Global Aviation Safety Reach with Beams Acquisition
Comply365, a Beloit, WI-based provider of operational content, safety and training management solutions for aviation, rail, defense and space industries, acquired Germany-incorporated Beams Technology GmbH, a global AI provider for aviation safety risk management. Comply365, a portfolio company of Insight Partners and Liberty Hall Capital Partners, was advised by Willkie Farr & Gallagher, while Beams’ shareholders were advised by GSK Stockmann.

Riverview Landscapes Acquires RSLA
In a strategic expansion into Long Island, NY, Riverview Landscapes, a Mansfield, MA-based provider of landscaping and snow services and a portfolio company of private investment firm Talus Holdings, announced its 17th acquisition since 2022 by completing the purchase of East Hampton, NY-based Richard Sperber Landscaping Associates (RSLA). Clendenin Anthony served as the exclusive financial advisor for RSLA in the transaction.

Edcetera Snaps Up Pulse Radiology to Boost Healthcare Training
Edcetera, a Waukesha, WI-based career education provider backed by Eden Capital, acquired the Pulse Radiology Institute (PRI), a Florida-licensed online school offering an associate degree in science specializing in magnetic resonance imaging (MRI). The acquisition will expand Edcetera's healthcare offerings and introduce a new RN to BSN nursing degree in 2026. Willkie Farr & Gallagher served as legal advisors, CohnReznick handled financial due diligence and Tree Line Capital provided debt financing for the transaction. 

Venture & Growth

Acrew Leads Medallion’s $43M Funding Round
San Francisco-based early-stage investor Acrew Capital led a $43M funding round for network management platform provider Medallion, bringing the company’s total funding to $130M. The round also saw participation from Washington Harbour Partners and insiders Sequoia Capital, GV, Spark Capital and NFDG, with the capital designated to expand Medallion's AI platform and launch its new credentialing clearinghouse, CredAlliance.

Renew Capital Backs Hypeo’s AI-Powered Creator Push
Moroccan influencer marketing company Hypeo AI secured an undisclosed investment from Renew Capital, a venture firm supporting early-stage African startups. Hypeo AI will use the funding to improve its technology, expand its network of creators and partners, and develop new AI-powered products. 

Comvest Extends Senior Credit to Juvare in Five Arrows-Backed Refi
Florida-based Comvest Credit Partners, acting as administrative agent, provided a senior secured credit facility to Juvare, an Atlanta-based provider of emergency preparedness technology. The financing supports the refinancing of Juvare by its current owner, Five Arrows, the alternative assets arm of Rothschild & Co.

Consumer & Retail

MCR Hotels, Apollo, Ashton Kutcher Lead $2.7B Take-Private of Soho House
New York-based hotel owner and operator MCR Hotels agreed to lead a take-private deal for global members' club operator Soho House & Co., with an enterprise value of approximately $2.7B. The deal is backed by more than $700M in equity financing from Apollo Funds and a consortium of investors, including actor Ashton Kutcher, and will allow existing shareholders, including Ron Burkle, Richard Caring, Nick Jones and Goldman Sachs Alternatives, to roll over their stakes.

Ezdehar Takes a 'Big Bite' of Egypt’s Kemet
Egypt-based private equity firm Ezdehar Management, through Ezdehar Mid-Cap Fund II, acquired a majority stake in Kemet, a producer of pretzels and other savory snacks, aiming to help the Cairo-based company expand its product range, boost production capacity and broaden its presence across Africa, Europe, Asia, the Middle East and Australia. Key investors in the fund include the European Bank for Reconstruction and Development, European Investment Bank, British International Investment, FMO, International Finance Corporation, Egyptian American Enterprise Fund and Belgian Investment Company for Developing Countries.

Thomas Capital-Led Group Acquires 70-Year-Old Marine Supply
Winter Haven, FL-based 70-year-old boating company Marine Supply was acquired by a group of local investors led by John Saterbo, Tom Kersting and Jeff Donalson of Thomas Capital, with the new owners planning to retain existing staff and operations, while also investing in property enhancements around the lake. Viking Mergers & Acquisitions facilitated the deal.

KKR-Backed Musinsa Gears Up for $7.2B Seoul Listing
South Korean fashion platform Musinsa is reportedly planning a potential $7.2B IPO and has invited investment banks to submit proposals for lead manager roles. KKR and Wellington Management Group jointly invested KRW 200B ($144M) in Musinsa in 2023, valuing it at KRW 3.5T ($2.5B).

Infrastructure

Pentair Taps Hydra-Stop in $290M Flow Control Deal
American water treatment company Pentair agreed to acquire Burr Ridge, IL-based specialty valve manufacturer Hydra-Stop from investment holding company Madison Industries for approximately $290M. The deal has a net transaction value of approximately $240M after accounting for an estimated $50M in tax benefits. Hydra-Stop will operate within Pentair's commercial and infrastructure business unit upon closing, which is anticipated by the end of 2025.

Energy

CIP Buzzes Through North America with Beehive Buy
Copenhagen Infrastructure Partners (CIP), through the Copenhagen Infrastructure V, acquired the full ownership of the Beehive battery energy storage system (BESS) from EDF Power Solutions North America located in Peoria, AZ. The Beehive project is set to operate under a 20-year agreement with Arizona Public Service Company, storing energy during periods of high renewable generation and releasing it during peak demand. 

Stonepeak Powers Up Middle East Push With WahajPeak
Stonepeak launched WahajPeak, a Middle East-focused renewable energy platform. The platform aims to develop utility-scale solar, wind and battery storage projects across the Gulf Cooperation Council and the broader Middle East. Led by veteran Mothana Qteishat, WahajPeak aims to capitalize on the region’s decarbonization and energy diversification goals.

Industrials & Materials

M&A

Audax Private Equity to Sell Trexon to Amphenol in $1B Deal
Audax Private Equity agreed to sell its portfolio company Trexon, a Boston, MA-based provider of interconnect and cable assemblies for the defense market, to Amphenol for about $1B in cash. Amphenol plans to fund the transaction with cash on hand and expects to close the deal in the fourth quarter. William Blair & Company and Guggenheim Securities served as financial advisors to Audax Private Equity, with Kirkland & Ellis and Fredrikson & Byron providing legal counsel.

Minebea Mitsumi, Yageo in $655M Fight for AI-Critical Shibaura
Japanese electronics manufacturer Minebea Mitsumi made its final bid for Japanese sensor maker Shibaura Electronics, matching a competing offer from Taiwan's Yageo Corp. The bid values Shibaura at approximately JPY 96.7B ($655M), in a takeover battle that has drawn nationalistic reactions due to Shibaura's critical high-precision thermistor technology used in AI development.

Lennox Seals $550M NSI Industries HVAC Buy
Lennox International, a Richardson, TX-based energy-efficient climate control solutions provider, agreed to acquire the HVAC division of NSI Industries from Sentinel Capital Partners for approximately $550M. The acquisition includes brands Duro Dyne and Supco, which manufacture critical HVAC components and accessories with distribution and manufacturing sites across North America. The deal is expected to close in the fourth quarter of 2025.

Partners Group Leads $238M Singapore Industrial Buy from CapitaLand 
Partners Group and Hillhouse Investment-backed platform EZA Hill Property Management, a Singapore-based company, are said to be part of a group purchasing four industrial and logistics properties in Singapore from CapitaLand Ascendas REIT for SGD 306M ($238M). The deal, brokered by CBRE Group, will see Partners Group taking a majority stake. 

Applied Ventures-Backed VVDN Acquires GGS
VVDN Technologies, a global provider of software and electronics manufacturing services backed by Applied Ventures, acquired GGS Engineering Services, an Indian engineering solutions company specializing in engineering R&D services for the automotive, medtech and aerospace industries. The combined entity will operate under the VVDN umbrella, with GGS's leadership and founding teams remaining in their roles.

80 Acres Farms, Soli Organic Agree to Merge
General Atlantic’s 80 Acres Farms and Arborview Capital’s Soli Organic agreed to merge to create one of the world's largest indoor farming networks. The new entity will operate under the 80 Acres Farms name and be headquartered in Hamilton, OH, combining 80 Acres Farms' GroLoop platform with Soli Organic's extensive retail footprint of over 17K locations across the US. Verbitsky Capital served as a financial advisor to Soli Organic.

Signia Aerospace Acquires Precise Flight for Safer Skies
Signia Aerospace, a global aerospace technical systems and components provider and an Arcline Investment Management portfolio company, acquired Precise Flight, a Bend, OR-based designer and manufacturer of aviation safety systems, to expand its portfolio with products that enhance flight safety and operational performance. Mesirow Financial Holdings served as exclusive financial advisor to Precise Flight during the sale.

Ares-Backed AIR Expands Semiconductor Reach with Owens Design Deal
Los Angeles-based industrial automation company Automated Industrial Robotics (AIR) acquired Owens Design, a Fremont, CA-based industrial automation company. The acquisition, funded by an investment from an Ares Management Private Equity fund and an equity investment from the Owens Design leadership team, adds to AIR's presence in the semiconductor industry and expands its workforce to over 530 employees.

Ecobat to Sell German and Austrian Recycling Units to Clarios
Following the sale of its battery distribution business to private equity firm Endless in June, Dallas-based global battery recycler Ecobat is selling its German and Austrian battery recycling and specialty lead operations to Clarios, an advanced energy storage solutions provider. Rothschild & Co. acted as financial advisor and White & Case as legal advisor to Ecobat for the transaction, which is expected to close by early 2026 pending regulatory approvals.

China’s Dongfeng Motor Seeks Buyers For Stake in Honda JV
State-owned Chinese automaker Dongfeng Motor Group is reportedly selling its 50% stake in Guangzhou, China-based Dongfeng Honda Engine, a joint venture with Honda Motor. The potential sale reflects the country’s rapid shift away from gasoline-powered vehicles and heightened competition from EV makers like BYD Co.

KKR’s Fortifi Bolsters Protein Processing With Provisur Buy
KKR-backed Fortifi Food Processing Solutions, a global food processing automation and software company based in The Woodlands, TX, agreed to acquire Provisur Technologies, a Chicago-based provider of protein processing solutions. The acquisition integrates Provisur’s brands, including AM2C, Beehive, Cashin, Formax, Hoegger, Lutetia and Weiler, into Fortifi’s downstream protein processing solutions.

Venture & Growth

BlackRock’s GIP Buys 49.99% of Eni CCUS
Global Infrastructure Partners (GIP), a part of BlackRock, struck a deal to acquire a 49.99% stake in Eni CCUS Holding, a global carbon capture, utilization and storage (CCUS) platform. The deal will accelerate the development of Eni CCUS's projects, including those in the UK, the Netherlands and a future option in Italy, by combining GIP's midstream infrastructure experience with Eni's technical capabilities.

SpinLaunch Raises $30M From ATW, Kongsberg
New York-based ATW Partners, the lead investor in SpinLaunch, led a new $30M funding round for the Long Beach, CA-based space technology company, with an additional investment from Kongsberg Defence & Aerospace. The funding will accelerate the development and commercialization of SpinLaunch’s Meridian Space low-earth orbit (LEO) satellite broadband constellation. 

Chinese EV Thermal Firm Suyan Scores Big Pre-Series A Funding
Suyan Electronics, a Chinese thermal management solutions provider for new energy vehicles, completed a pre-Series A financing round for tens of millions of yuan. The round was led by Nantong Hezhong and joined by Xuanyuan Capital, with funds designated for product development and operations. 

Other News

Blackstone-backed Legence Files For IPO
San Jose, CA-based Legence Corp., a building systems engineering, installation and maintenance firm, filed for an IPO under the ticker LGN on Nasdaq. The filing revealed a net loss of $26.5M on $1.1B in revenue for the first half of 2025. After the IPO, Blackstone will remain a controlling investor. The offering is being led by Goldman Sachs Group and Jefferies Financial Group. 

Real Estate

UK’s Longest Standing Property Funds Merge To Create $6.3B Fund
Legal & General’s Managed Property Fund and the Federated Hermes Property Unit Trust are set to merge to create a new fund with £4.7B ($6.3B) in assets. The move is the latest consolidation in the UK's property fund sector, which faced a wave of redemptions as investors exit illiquid assets. 

Polish Residential Provider Makes $660M ‘Record-Breaking’ Deal
Resi4Rent, a Polish residential rental provider owned by Echo Investment, Griffin Capital Partners, and PIMCO, agreed to sell some of its real estate assets to Vantage Development, part of TAG Immobilien, for €565M ($660M). The "record-breaking" deal in Poland's home rental market involves Resi4Rent selling 5,322 residential units to Vantage Development. The transaction, which is still pending regulatory approval, includes 18 projects across six Polish cities.

Goldman, TPG Back Fundrise with $352.7M Industrial RE Financing
The affiliate funds of Fundrise secured a $352.7M financing package from Goldman Sachs and TPG Real Estate Credit for Fundrise National Industrial Portfolio, which consists of 12 industrial buildings across the US. JLL’s Capital Markets group, with a debt advisory team, arranged the financing. 

Core Palmetto Exits Miami Gardens Plaza in $46M Deal
Core Palmetto, a Miami-based affiliate of Core Investment Management, sold its Palmetto Plaza retail center in Miami Gardens for $46M to an undisclosed buyer. The property, anchored by Aldi and Dollar Tree, was over 95% leased at the time of sale. Core originally acquired the plaza in 2021 for $33M. Marcus & Millichap represented Core in the transaction. 

$31.2M Multifamily Property Sold in Houston
14700 TP acquired Ten Pines at Summerwood, a multifamily property in Houston, for $31.2M. The property consists of 240 units in one-, two and three-bedroom plans. JLL assisted in the listing. 

Sansone, Priseda Enter $28.8M Data Center Deal
St. Louis-based real estate firm Sansone Group and cloud computing company Priseda acquired a data center for $28.83M in an off-market deal. The seller was Prosperity Drive Data Center, a partnership between Lincoln Property and Principal Real Estate Investors, with debt financing for the purchase provided by Poverni Sheikh Group. The acquisition expands both companies’s portfolios into the highly competitive data center market outside of Northern Virginia. 

Lone Star Completes First Sale From Its 42-Asset Portfolio
Lone Star Funds, through its Lone Star Real Estate Fund VI, sold the Lofts at Reynolds Village, a 201-unit apartment and retail complex in Asheville, NC, to Continental Realty Corporation. The transaction marks the first sale from a 42-asset portfolio Lone Star acquired in September 2022.

Garden-Style Apartment and Retail Property Sold in North Carolina
Crowne Garden Associates sold Crowne Gardens, a 344-unit garden-style apartment complex in Greensboro, NC, to an undisclosed buyer. The complex is situated near I-73 and I-840, making it largely accessible to residents. Colliers Atlanta represented Crowne Garden Associates in the transaction.

Former Wells Fargo Campus Sold To Anonymous Buyers
An undisclosed group of investors and developers closed the deal on the vacant buildings and parking lots of the Wells Fargo Campus in Des Moines, IA. The investors are aiming for redevelopment and revitalization of downtown Des Moines. NAI Iowa Realty Commercial represented the sellers for the bid.

Transit-Oriented Property Sold in Greater Boston Area
LJB LLC sold a mixed-use property portfolio in downtown Waltham, MA, for $9.29M to 550 Moody. The portfolio, located across six parcels, includes 18 residential apartments and five retail storefronts. NAI Glickman Kovaco & Jacobs served as brokers for the transaction.

Dragos Capital Makes Big Net-Lease Play with 18 CVS Properties 
Buffalo, NY-based private investment firm Dragos Capital acquired 18 retail properties leased to CVS Health. The transaction is part of Dragos’ expansion into triple-net lease real estate. The deal was financed by unnamed partners, including real estate groups, 1031 exchange investors and long-term owners. 

Seventh Holdings Debuts, Targets Local Service Firms
Seventh Holdings, a new Dallas-based company focused on acquiring and operating residential service businesses, officially launched following a successful capital raise led by founder Wyatt SaintClair. Seventh Holdings plans to acquire high-integrity local and regional businesses, with a particular focus on recurring residential and commercial services. 

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