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 February alone, we added more than 1,700 new private company transactions, bringing the total to over 19,000 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 financial transactions.
- Transaction Date: 2/12/2026
- Industry: Capital Markets
- Type: Buyout/Private Equity
- Transaction Value: $13.5B
- Participants: Nuveen, Schroders plc, BNP Paribas Corporate & Institutional Banking, Clifford Chance LLP, Wells Fargo Advisors, Barclays Investment Bank, J.P. Morgan Investment Bank, Slaughter and May
Nuveen, LLC agreed to acquire Schroders plc in a board-recommended cash deal valued at approximately £9.9 billion (£5.90 per share), creating a combined active asset management firm with nearly $2.5 trillion in AUM. The transaction, expected to close in Q4 2026, will position London as the Combined Group's non-US headquarters and is subject to Schroders shareholder approval and regulatory clearance.
- Transaction Date: 2/3/2026
- Industry: Banks
- Type: Acquisition / Merger
- Transaction Value: $12.3B
- Participants: Webster Financial Corporation, Banco Santander S.A., J.P. Morgan Securities LLC, Wachtell, Lipton, Rosen & Katz, Piper Sandler & Co., Centerview Partners, Goldman Sachs Group Inc, Bank of America Merrill Lynch Investment Banking, Davis Polk & Wardwell LLP, Uría Menéndez
Banco Santander agreed to acquire Webster Financial Corporation in a cash-and-stock transaction valued at approximately $12.3 billion, with Webster stockholders receiving $48.75 in cash and 2.0548 Santander ADSs per share — a 16% premium to Webster's 10-day VWAP. The deal, expected to close in the second half of 2026, will integrate Webster into Santander's U.S. operations, with Webster CEO John Ciulla leading the combined bank as CEO of Santander Bank NA.
- Transaction Date: 2/6/2026
- Industry: Insurance
- Type: Acquisition/Merger
- Transaction Value: $7B
- Participants: Debevoise & Plimpton LLP, American International Group Inc, Onex Partners, Convex, Goldman Sachs & Co. LLC, Latham & Watkins LLP, Torys LLP, Morgan Stanley, Wachtell, Lipton, Rosen & Katz, Evercore Private Funds Group, Weil Gotshal & Manges LLP
AIG acquired a 35% equity stake in Convex Group for approximately $2.1 billion and a 9.9% stake in Onex Corporation for approximately $642 million, as part of a coordinated deal that values Convex at $7 billion and positions Onex as Convex's majority shareholder with a 63% interest. The transactions also include AIG committing $2 billion to Onex-managed private equity and credit strategies over three years, with the deals having closed in early 2026.
- Transaction Date: 2/2/2026
- Industry: Insurance
- Type: Acquisition/Merger
- Transaction Value: $1.7B
- Participants: Radian Group Inc, J.C. Flowers & Co., La Caisse, Oak Hill Advisors, Qatar Investment Authority, Enstar Group, Goldman Sachs & Co. LLC, Guy Carpenter Japan Inc, Skadden, Arps, Slate, Meagher & Flom LLP, RBC Capital Markets Investment Banking
Radian Group completed its $1.7 billion primarily all-cash acquisition of Inigo Limited, a Lloyd's specialty insurer, marking Radian's transformation from a U.S. mortgage insurer into a global multi-line specialty insurer. The deal, valued at 1.5x Inigo's projected year-end 2025 tangible equity, is expected to double Radian's total annual revenue and deliver mid-teens EPS accretion in the first full year.
- Transaction Date: 2/11/2026
- Industry: Capital Markets
- Type: Buyout/Private Equity
- Transaction Value: $1.3B
- Participants: Deutsche Börse Group, General Atlantic
Deutsche Börse Group agreed to acquire General Atlantic's remaining 20% minority stake in ISS STOXX for €1.1 billion, priced at approximately 20x ISS STOXX's adjusted EBITDA, payable in two tranches in February and March 2026. The buyout gives Deutsche Börse full ownership of the data, analytics, and index provider and is expected to be low single-digit accretive to Cash EPS in the first full year.
- Transaction Date: 2/11/2026
- Industry: Insurance
- Type: Acquisition / Merger
- Transaction Value: $500M
- Participants: Jackson Financial Inc, TPG Inc, Debevoise & Plimpton LLP, Weil Gotshal & Manges LLP, Skadden, Arps, Slate, Meagher & Flom LLP
TPG and Jackson Financial closed a long-term strategic investment management partnership under which TPG will manage a minimum of $12 billion in AUM for Jackson — targeting $20 billion — focused initially on Investment Grade Asset Based Finance and Direct Lending. As part of the deal, TPG made a $500 million minority equity investment in Jackson (~6.5% stake), and Jackson received approximately 2.3 million shares of TPG Class A common stock.
- Transaction Date: 2/18/2026
- Industry: Financial Services
- Type: Growth Equity
- Transaction Value: $385M
- Participants: Blue Owl Capital, Sixth Street, Neuberger Berman Group, SLW Management, Morgan Stanley Investment Management (Eaton Vance), Franklin Templeton Investments, TIAA Ventures, HarbourVest Partners
Vestwell raised $385 million in Series E funding led by Blue Owl Capital and Sixth Street Growth, with participation from Neuberger Berman, Morgan Stanley, Franklin Templeton, TIAA Ventures, HarbourVest, and others, doubling the company's valuation since its 2023 Series D and bringing total capital raised to $660 million. The financing will support Vestwell's expansion of its savings infrastructure platform, which currently serves more than 2 million active savers and administers over $50 billion in assets.
- Transaction Date: 2/3/2026
- Industry: Financial Services
- Type: Growth Equity
- Transaction Value: $304M
- Participants: Advent International Corporation
Advent International agreed to invest approximately $304 million (Rs27.5 billion) in Aditya Birla Housing Finance Limited, acquiring a 14.3% equity stake while parent company Aditya Birla Capital retains an 85.7% interest. The transaction, subject to shareholder and regulatory approval, will support ABHFL's continued expansion in India's mortgage market, where the company currently manages approximately $4.65 billion in assets.
- Transaction Date: 2/11/2026
- Industry: Capital Markets
- Type: Acquisition / Merger
- Transaction Value: $275.5M
- Participants: Cenlar Fsb, PennyMac Financial Services Inc, Santander US Capital Markets LLC, Goodwin Procter LLP, Houlihan Lokey Inc, Sullivan & Cromwell
PennyMac agreed to acquire the subservicing business of Cenlar Capital Corporation in an all-cash transaction for $172.5 million upfront plus up to $85 million in contingent consideration over three years, adding up to $740 billion in UPB and 2 million loans to bring PennyMac's total servicing portfolio to over $1 trillion. The deal, expected to close in the second half of 2026, will position PennyMac as the second largest mortgage servicer overall and one of the largest subservicers in the U.S.
- Transaction Date: 2/20/2026
- Industry: Consumer Finance
- Type: Credit
- Transaction Value: $200M
- Participants: i80 Group
Yendo secured a $200 million funding commitment from i80 Group to fuel originations of its AI-enabled, asset-backed credit card products, following the company's earlier $50 million Series B. The warehouse facility will support Yendo's expansion of its vehicle-secured credit card, which uses proprietary AI to offer consumers credit limits averaging eight times higher than traditional unsecured products at prime-like rates.
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.
