Top 10 Consumer Discretionary Transactions (May 2026)

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 May alone, we added more than 1,400 new private company transactions, bringing the total to over 24,000 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. AMEX Global Business Travel Group - Strategic Acquisition

  • Transaction Date: 5/3/2026
  • Industry: Hotels & Restaurants & Leisure
  • Type: Acquisition / Merger
  • Transaction Value: $6.3B

Long Lake Management has agreed to acquire American Express Global Business Travel for $9.50 per share in cash — a 65% premium to its 30-day VWAP — in an all-cash deal valued at approximately $6.3 billion, backed by General Catalyst, Alpha Wave, and Koch Equity. The deal takes the world's largest corporate travel platform private, with Long Lake planning to integrate its applied AI capabilities into Amex GBT's global travel marketplace to modernize the business travel experience.

2. Tri Pointe Homes - Strategic Acquisition

  • Transaction Date: 5/14/2026
  • Industry: Household Durables
  • Type: Acquisition / Merger
  • Transaction Value: $4.5B

Sumitomo Forestry completed its $4.5 billion all-cash acquisition of Tri Pointe Homes at $47.00 per share, making the Japanese forestry and homebuilding group the equivalent of the fifth-largest homebuilder in the U.S. with approximately 15,000 annual deliveries across 18 states. Tri Pointe will continue operating as a distinct brand under its existing management team as Sumitomo Forestry advances its goal of supplying 23,000 U.S. homes annually by 2030.

3. Lee - Asset Purchase

  • Transaction Date: 5/21/2026
  • Industry: Textiles & Apparel & Luxury Goods
  • Type: Acquisition / Merger
  • Transaction Value: $1B

Nippon Express Holdings (NX Group) entered into an agreement to acquire Metro Supply Chain from LDC Metro Holdings and La Caisse for up to CAD 2.2 billion (~$1.6 billion), adding a Canadian logistics provider with approximately 9,000 employees and 22.5 million square feet across 190 sites in North America and the UK. The acquisition expands NX Group's global logistics network across 57 countries while preserving Metro Supply Chain's Montreal headquarters and management team, with closing expected in the coming months.

4. Marc Jacobs Brand - Asset Purchase

  • Transaction Date: 5/14/2026
  • Industry: Textiles & Apparel & Luxury Goods
  • Type: Acquisition / Merger
  • Transaction Value: $500M

G-III Apparel Group and WHP Global have agreed to form a 50/50 joint venture to acquire the Marc Jacobs brand from LVMH, with G-III investing approximately $500 million to own and operate the global retail and wholesale business while WHP Global manages licensing operations. The deal adds the iconic four-decade-old fashion brand to G-III's portfolio of premium labels, with closing expected in G-III's fiscal third quarter of 2027.

5. Kids2 - Direct Lending

  • Transaction Date: 5/7/2026
  • Industry: Specialty Retail
  • Type: Credit
  • Transaction Value: $225M

Bain Capital's Private Credit Group provided a $225 million senior credit facility to Kids2, the Atlanta-based infant and toddler products platform behind brands including Baby Einstein, Bright Starts, and Ingenuity, to support continued growth and global expansion. The financing gives Kids2 flexible capital to invest in product innovation and category expansion across its 90+ country distribution footprint.

6. Pickleball Inc. - Minority

  • Transaction Date: 5/1/2026
  • Industry: Hotels & Restaurants & Leisure
  • Type: Growth Equity
  • Transaction Value: $225M

Apollo Sports Capital led a $225 million structured investment in Pickleball Inc., the new parent company unifying the Carvana PPA Tour, Major League Pickleball, and a suite of retail, software, court construction, and media assets into the largest single-operator pickleball ecosystem in existence. The combined platform generated over $140 million in 2025 revenue and sits atop a sport with 24 million U.S. players, setting the stage for expansion into content, media, and infrastructure.

7. Mr. Lube + Tires Franchisor Business - Asset Purchase

  • Transaction Date: 5/14/2026
  • Industry: Diversified Consumer Services
  • Type: Acquisition / Merger
  • Transaction Value: $168.7M

Diversified Royalty Corp. agreed to acquire the Mr. Lube + Tires franchisor business in Canada for $235 million, expanding beyond its existing royalty interest to own the full franchise operation — including franchise agreements and supplier contracts — of the country's leading quick-lube chain with 187 locations and $500 million+ in system sales. The deal is expected to grow DIV's distributable cash per share from $0.3128 to $0.3478 on a pro forma basis, backed by a business that has compounded EBITDA at 14.7% annually over the past decade.

8. Forus - Growth Equity

  • Transaction Date: 5/12/2026
  • Industry: Specialty Retail
  • Type: Venture
  • Transaction Value: $160M

Forus (formerly Tandem) raised over $160 million backed by Thrive Capital, General Catalyst, Accel, and Bain Capital Ventures to build an AI-powered network connecting doctors, pharmacies, payers, and biopharma to streamline the path from clinical decision to patient treatment. The platform automates insurance authorization, financial assistance, and fulfillment routing across every drug and payer in the U.S., with provider adoption growing 10x year-over-year for two consecutive years and five of the top 10 global biopharma companies already on board.

9. Venezia FC - Minority

  • Transaction Date: 5/7/2026
  • Industry: Hotels & Restaurants & Leisure
  • Type: Growth Equity
  • Transaction Value: $117M

Venezia FC completed a €100 million fundraise, with the largest new investment coming from a vehicle led by sports executives Tim Leiweke and Francesca Bodie — introduced to the club through co-owner Drake — with Leiweke named Co-Chairman and Bodie appointed President. The capital raise aims to strengthen the club's financial stability and support its ambitions in Serie A, including development of a new stadium in Bosco dello Sport.

10. Multiverse - Minority

  • Transaction Date: 5/14/2026
  • Industry: Diversified Consumer Services
  • Type: Growth Equity
  • Transaction Value: $70M

Multiverse, the AI and tech upskilling platform, raised $70 million led by Schroders Capital at a $2.1 billion valuation — a $400 million increase from its last round — to accelerate expansion across Europe as the company positions itself as the "AI adoption layer" bridging employers and their workforces. The raise follows 50% year-over-year revenue growth, a first cash-positive quarter, and strategic partnerships with Microsoft, Palantir, and Databricks.

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.

Morgan Holycross, Marketing Manager

Written By: Morgan Holycross, Marketing Manager

Morgan Holycross is a Marketing Manager at Dakota.