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 November alone, we added more than 4,000 new private company transactions, bringing the total to over 13,000 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.
1. Soulpower Acquisition Corporation - Reverse Merger
- Transaction Date: 11/24/2025
- Industry: Financial Services
- Type: Acquisition / Merger
- Transaction Value: $8.1B
- Participants: Soulpower Acquisition Corporation, SWB LLC, Sichenzia Ross Ference LLP, Ellenoff Grossman & Schole LLP, Polaris Advisory Partners LLC
Soulpower Acquisition Corporation signed a business combination agreement with SWB LLC to take the newly formed SOUL WORLD BANK™ public at a valuation of approximately $8.1 billion. The deal will merge Soulpower with SWB, bringing in a large portfolio of global real-world assets and a strategic partnership with Animoca Brands to launch a new financial services and stablecoin-issuing platform.
2. Klarna’s Fair Financing loans - Asset Purchase
- Transaction Date: 11/18/2025
- Industry: Consumer Finance
- Type: Acquisition / Merger
- Transaction Value: $6.5B
- Participants: Elliott Management Corporation and Klarna Group
Klarna has entered a two-year agreement for Elliott Investment Management–managed funds to purchase its U.S. Fair Financing loan portfolio, enabling the facilitation of $6.5 billion in loans. The deal provides Klarna with scalable off-balance-sheet funding to support its rapidly growing U.S. consumer credit business while maintaining ownership of underwriting and servicing.
3. Brighthouse Financial - Take-Private
- Transaction Date: 11/6/2025
- Industry: Insurance
- Type: Buyout / Private Equity
- Transaction Value: $4.1B
- Participants: RBC Capital Markets, Aquarian Holdings, Brighthouse Financial Inc, Skadden, Arps, Slate, Meagher & Flom LLP, Wells Fargo, Goldman Sachs & Co. LLC, and Debevoise & Plimpton LLP
Aquarian Capital agreed to acquire Brighthouse Financial in an all-cash deal valued at $4.1 billion, with shareholders receiving $70.00 per share. Brighthouse will remain a standalone business within Aquarian’s portfolio, with continued investment to accelerate growth in its annuities and life insurance platform.
4. JTC PLC - Take-Private / Public-to-Private
- Transaction Date: 11/10/2025
- Industry: Capital Markets
- Type: Buyout / Private Equity
- Transaction Value: $3B
- Participants: Berenberg Bank UK Ltd, Permira, CPP Investments, JTC PLC, Jefferies Prime Brokerage, Deutsche Bank Investment banking, Robert W. Baird, Clifford Chance LLP, Sidley Austin LLP, and Linklaters
Permira-backed Papilio Bidco agreed to acquire JTC PLC for £2.3 billion (EV £2.7 billion), offering shareholders 1,340 pence per share in cash, a 49.4% premium to the pre-offer price. The take-private will give JTC access to greater capital and strategic flexibility for technology investment and large-scale M&A, with the deal expected to close in Q3 2026.
5. Legato Merger Corp. III - Reverse Merger
- Transaction Date: 11/12/2025
- Industry: Financial Services
- Type: Acquisition / Merger
- Transaction Value: $1.8B
- Participants: Legato Merger Corp. III, TD COWEN, DLA Piper LLP (US), Einride, Conyers Dill & Pearman LLP, Graubard Miller, Lindskog Malmström Advokatbyrå AB, and Appleby (Cayman) Ltd.
Einride will go public through a merger with Legato Merger Corp. III at a $1.8 billion valuation, with the deal expected to provide $219 million in gross proceeds, plus an additional $100 million PIPE raise targeted. The transaction positions Einride to scale its electric and autonomous freight platform globally, backed by strong ARR growth and commercial traction with over 25 enterprise customers.
6. Guild Holdings Company - Take-Private / Public-to-Private
- Transaction Date: 11/28/2025
- Industry: Consumer Finance
- Type: Buyout / Private Equity
- Transaction Value: $1.3B
- Participants: Bayview Asset Management, LLC, Sullivan & Cromwell, Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Simpson Thacher & Bartlett LLP, and Guild Holdings Company
Bayview Asset Management has completed its $1.3 billion all-cash acquisition of Guild Holdings Company, purchasing all outstanding shares for $20.00 per share and taking the company private. Guild will now operate as an independent entity within Bayview’s MSR Fund, alongside Lakeview Loan Servicing, creating one of the largest integrated mortgage origination and servicing platforms in the U.S.
7. Trucordia - Debt/Equity
- Transaction Date: 11/18/2025
- Industry: Insurance
- Type: Credit
- Transaction Value: $1.3B
- Participants: The Carlyle Group
Trucordia will receive a $1.3 billion strategic investment from Carlyle’s Global Credit platform, valuing the company at $5.7 billion and enabling the repurchase of minority investor units to simplify governance and reduce leverage. The investment strengthens Trucordia’s balance sheet and provides long-term financial flexibility to support its growth strategy in the insurance brokerage sector.
8. Cloudwalk - Structured Credit
- Transaction Date: 11/6/2025
- Industry: Financial Services
- Type: Credit
- Transaction Value: $780M
- Participants: BTG Pactual Wealth, UBS Consenso, Banco Bradesco, Itaú Unibanco, Banco Santander (Brasil) SA, Fundos de Investimento em Direitos Creditórios - FIDCs, and Banco BV SA
CloudWalk, the fintech behind InfinitePay, raised $780 million through FIDC funds from 87 institutional investors to support the expansion of credit card receivables financing for merchants across Brazil. The company has now raised $2.7 billion across 11 FIDCs, reinforcing its position as a leading payments and financial infrastructure provider.
9. Ethniki Insurance - Strategic Acquisition
- Transaction Date: 11/27/2025
- Industry: Insurance
- Type: Acquisition / Merger
- Transaction Value: $651.14M
- Participants: Piraeus Bank S.A, Piraeus Financial Holdings S.A., CVC Capital Partners Fund VII, UBS Group AG, Milliman Advisors, Milbank LLP, Moratis Passas, Potamitis Vekris, Latham & Watkins LLP, and Bernitsas Law
Piraeus Bank has completed its €600 million all-cash acquisition of Ethniki Insurance, taking full ownership of Greece’s largest insurer and significantly expanding its financial services platform. The deal strengthens Piraeus’ capital position and diversifies its revenue base, positioning the combined group for enhanced growth across banking, protection, and investment solutions.
10. Blue Acquisition Corp. - Reverse Merger
- Transaction Date: 11/19/2025
- Industry: Financial Services
- Type: Acquisition / Merger
- Transaction Value: $450M
- Participants: Blue Acquisition Corp., Blockfusion USA, Inc., Ellenoff Grossman & Schole LLP, Appleby (Cayman) Ltd., Winston & Strawn LLP, Kirkland & Ellis LLP, and ING Social Impact Investments B.V.
Blockfusion will go public through a merger with Blue Acquisition Corp. at a $450 million pre-money equity value, positioning the company to accelerate its transition into a next-generation, clean-energy-powered AI/HPC data center. The transaction aims to deliver up to $200 million in proceeds to fund Blockfusion’s expansion to more than 100 MW of Tier 3, high-density compute capacity at its strategically located Niagara facility.
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.
