Top 10 Consumer Discretionary Transactions in December 2025

Top 10 Consumer Discretionary Transactions (December 2025)

Top 10 Consumer Discretionary Transactions (December 2025)
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For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors. 

In December alone, we added more than 2,500 new private company transactions, bringing the total to over 16,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.

Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.

To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.

Below are the top 10 consumer discretionary transactions.

1. Versace - Strategic Acquisition 

  • Transaction Date: 12/2/2025
  • Industry: Textiles & Apparel & Luxury Goods
  • Type: Acquisition/Merger
  • Transaction Value: $1.5B
  • Participants: Prada

Prada Group completed its acquisition of Versace for €1.25 billion (£1.10 billion), bringing the iconic Italian fashion house under Prada’s portfolio following regulatory approval. The deal marks Versace’s exit from Capri Holdings and aims to reinvigorate the brand, with Lorenzo Bertelli set to become executive chairman.

2. Bally's Corporation - Direct Lending

  • Transaction Date: 12/9/2025
  • Industry: Hotels & Restaurants & Leisure
  • Type: Credit
  • Transaction Value: $1.1B
  • Participants: Ares, King Street, TPG

Bally’s Corporation secured $1.1 billion in new loan commitments led by Ares Management Credit, King Street Capital, and TPG Credit to refinance existing debt and support major development initiatives, including its bid for a New York commercial casino license. The financing strengthens Bally’s liquidity position and provides flexibility to fund licensing fees and large-scale projects amid a heavy debt load and ambitious expansion plans.

3. The ODP Corporation - Take-Private / Public-to-Private

  • Transaction Date: 12/10/2025
  • Industry: Specialty Retail 
  • Type: Buyout/Private Equity
  • Transaction Value: $1B
  • Participants: Atlas Holdings

Atlas Holdings completed its acquisition of The ODP Corporation in an all-cash transaction valued at approximately $1 billion, taking the office products and services provider private following shareholder and regulatory approvals. Concurrent with the closing, Craig Gunckel was appointed CEO to lead ODP’s retail and B2B businesses as the company begins its next phase as a privately held enterprise.

4. Middleby Residential - Carve-Out / Divestiture

  • Transaction Date: 12/4/2025
  • Industry: Household Durables
  • Type: Buyout/Private Equity
  • Transaction Value: $665M
  • Participants: 26North

Middleby agreed to sell a 51% stake in its Residential Kitchen business to affiliates of 26North Partners in a transaction valuing the unit at $885 million, receiving approximately $540 million in upfront cash while retaining a 49% non-controlling interest. The deal advances Middleby’s strategic shift toward becoming a pure-play commercial foodservice company and is expected to close in the first quarter of 2026, subject to regulatory approvals.

5. CityCenter Las Vegas Real Estate Assets - Recapitalization

  • Transaction Date: 12/1/2025
  • Industry: Hotels & Restaurants & Leisure
  • Type: Growth Equity
  • Transaction Value: $800M
  • Participants: Realty Income Corporation

Realty Income completed an $800 million perpetual preferred equity investment in the CityCenter Las Vegas real estate assets, including ARIA Resort & Casino and Vdara Hotel & Spa, on December 9, 2025. The transaction, completed in partnership with Blackstone Real Estate, provides Realty Income with an initial 7.4% unlevered return while allowing Blackstone to retain full common equity ownership of the MGM-operated properties.

6. Wella - Strategic Acquisition

  • Transaction Date: 12/19/2025
  • Industry: Diversified Consumer Services
  • Type: Acquisition/Merger
  • Transaction Value: $750M
  • Participants: KKR

Coty sold its remaining 25.8% stake in Wella to KKR for $750 million in upfront cash, with the potential to receive additional proceeds through a future sale or IPO of the business. The transaction completes Coty’s multi-year divestment of Wella and supports its deleveraging strategy, with proceeds expected to significantly reduce the company’s net leverage.

7. Breeze Autocare - Carve-Out / Divestiture 

  • Transaction Date: 12/1/2025
  • Industry: Specialty Retail 
  • Type: Buyout/Private Equity
  • Transaction Value: $625M
  • Participants: Valvoline

Valvoline Inc. completed its acquisition of Breeze Autocare from Greenbriar Equity Group for approximately $625 million, adding nearly 200 quick-lube and preventive maintenance stores across 17 states to its network. The transaction significantly expands Valvoline’s North American footprint and supports its strategy to accelerate network growth and long-term earnings expansion.

8. NKD Group - Add-On / Bolt-On Acquisition

  • Transaction Date: 12/10/2025
  • Industry: Broadline Retail
  • Type: Buyout/Private Equity
  • Transaction Value: $568M
  • Participants: Mr Price

Mr Price agreed to acquire Germany-based discount retailer NKD Group for up to €487 million, marking its entry into the European market through the purchase of more than 2,100 stores across seven Central and Eastern European countries. The deal, funded through a mix of cash and debt, will significantly expand Mr Price’s revenue and store footprint, though investors reacted cautiously given the scale and valuation of the acquisition.

9. easyHotel - Asset Purchase

  • Transaction Date: 12/8/2025
  • Industry: Hotels & Restaurants & Leisure
  • Type: Acquisition/Merger
  • Transaction Value: $466M
  • Participants: Tristan Capital Partners

KKR provided approximately €300 million in whole-loan financing to Tristan Capital Partners’ EPISO 6 fund to support its acquisition of the easyHotel platform and fund future expansion across Europe. The financing backs Tristan’s €400+ million purchase of the pan-European budget hotel operator and will be used to accelerate growth, new developments, and capital investment across easyHotel’s portfolio.

10. Stewart Hotel - Real Estate

  • Transaction Date: 12/23/2025
  • Industry: Hotels & Restaurants & Leisure
  • Type: Real Assets 
  • Transaction Value: $255M
  • Participants: Slate Property Group, Breaking Ground

Slate Property Group and nonprofit Breaking Ground acquired the Stewart Hotel in Midtown Manhattan for $255 million and plan to convert the former 611-room hotel into a 579-unit affordable housing development. The project will reserve all units for low-income and formerly homeless residents, with construction expected to begin late next year.

Transactions in Dakota Marketplace

At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas. 

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.

Written By: Morgan Holycross, Marketing Manager

Morgan Holycross is a Marketing Manager at Dakota.