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 September alone, Dakota Marketplace added more than 2,000 new private company transactions, bringing the total to over 5,000 searchable deals across sectors, industries, and transaction types.
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. OneDigital - Strategic Investment (Stone Point & CPP Recaptilization)
- Transaction Date: 9/19/2025
- Industry: Financial Services
- Type: Buyout / Private Equity
- Transaction Value: $7B
- Participants: Stone Point Capital, CPP Investments, Evercore, Ardea Partners, Barclays, J.P. Morgan Securities LLC, RBC Capital Markets, Kirkland & Ellis LLP, Simpson Thacher & Bartlett LLP, Paul Weiss Rifkind Wharton & Garrison LLP
OneDigital, an insurance brokerage and financial services platform, announced a majority investment from Stone Point Capital and CPP Investments, valuing the company in excess of $7 billion. The transaction represents a private equity recapitalization, with Stone Point and CPP acquiring a majority stake from Onex Partners, which will remain a minority owner. The investment will support OneDigital’s next phase of multi-vertical growth across employee benefits, retirement, wealth management, and property & casualty.
2. Tamara - Structured Credit
- Transaction Date: 9/15/2025
- Industry: Financial Services
- Type: Structured Credit / Financing Facility
- Transaction Value: $2.4B
- Participants: Goldman Sachs Group Inc, Citi Group Private Bank, Apollo Global Management
Saudi fintech startup Tamara secured up to $2.4 billion in structured credit financing from Goldman Sachs, Citi, and Apollo funds to expand its credit and payment products. The deal refinances a prior $500 million facility and includes an initial $1.4 billion, with an additional $1 billion available over three years pending approvals.
3. Grupo Financiero Banamex, S.A. de C.V. - Strategic Acquisition
- Transaction Date: 9/24/2025
- Industry: Banks
- Type: Acquisition / Merger
- Transaction Value: $2.3B
- Participants: Citigroup Inc.; Skadden, Arps, Slate, Meagher & Flom LLP (U.S. legal for Citi); Creel, García-Cuéllar, Aiza y Enríquez, S.C. & White & Case, S.C. (Mexican legal for Citi); Paul, Weiss, Rifkind, Wharton & Garrison LLP (U.S. legal for Chico family); Bufete Robles Miaja, S.C. (Mexican counsel for Chico family)
Citi has agreed to sell a 25% equity stake in Grupo Financiero Banamex to a vehicle controlled by Fernando Chico Pardo and his family at 0.80× local book value. The agreement implies a price of ~MXN 42 billion (~USD 2.3 billion). The transaction is subject to regulatory approval and customary closing conditions, with expected completion in the second half of 2026. Upon closing, Chico Pardo is set to become Chair of Banamex.
4. Esure - Strategic Acquisition
- Transaction Date: 9/30/2025
- Industry: Insurance
- Type: Acquisition / Merger
- Transaction Value: £1.295 billion (≈ €1.51 billion / ~$1.6 billion)
- Participants: Allen & Overy, Bain Capital, ageas SA, BofA Securities, Inc., Fenchurch Advisory Partners LLP, Goldman Sachs International, Weil Gotshal & Manges LLP
Ageas has completed its £1.295 billion (€1.51 billion) acquisition of esure, following receipt of all regulatory approvals. The deal positions Ageas among the top three personal-lines insurers in the UK, expanding its distribution channels and customer reach while enhancing scale, technology, and cash-generation capabilities.
5. Inigo Limited - Strategic Acquisition
- Transaction Date: 9/18/2025
- Industry: Insurance
- Type: Acquisition / Merger
- Transaction Value: $1.7B
- Participants: Radian Group Inc.; Inigo’s incumbent shareholders (J.C. Flowers & Co., Caisse de dépôt et placement du Québec, Oak Hill Advisors, Qatar Investment Authority); Goldman Sachs & Co. LLC and Guy Carpenter (financial advisors), Skadden, Arps, Slate, Meagher & Flom LLP (legal counsel to Radian), RBC Capital Markets
Radian announced a definitive agreement to acquire Inigo Limited, a fast-growing Lloyd’s specialty insurer, in a primarily all-cash transaction valued at $1.7 billion (adjusted based on Inigo’s tangible equity, not to exceed that cap). The transaction will be funded from Radian’s liquidity and excess capital and is expected to close in Q1 2026, subject to regulatory approvals and closing conditions. The deal is projected to double Radian’s annual revenue, deliver mid-teens EPS accretion, and ~200 basis points of ROE accretion. Concurrently, Radian plans to divest its Mortgage Conduit, Title, and Real Estate Services businesses as part of its strategic shift.
6. Fortegra Group, Inc. - Strategic Acquisition
- Transaction Date: 9/26/2025
- Industry: Insurance
- Type: Acquisition / Merger
- Transaction Value: $1.65B
- Participants: Warburg Pincus, Tiptree Inc, DB Insurance, Barclays PLC, BofA Securities, Inc., Goldman Sachs Investment Banking, Ropes & Gray LLP, Sidley Austin LLP, Latham & Watkins LLP
DB Insurance announced it will acquire 100% of U.S.-based specialty insurer Fortegra Group, Inc. from Tiptree Inc. and Warburg Pincus for approximately $1.65 billion in cash, marking the largest-ever U.S. market entry by a Korean non-life insurer. The transaction will be funded with DB Insurance’s internal resources and is subject to customary regulatory and shareholder approvals. It is expected to close in mid-2026. The acquisition provides DB Insurance with a global growth platform in property and casualty insurance, while Fortegra gains a strong capital partner to accelerate its expansion across the U.S. and Europe.
7. Apollo Group Holdings Limited - Strategic Acquisition
- Transaction Date: 9/2/2025
- Industry: Insurance
- Type: Acquisition / Merger
- Transaction Value: $555M
- Participants: Alchemy Partners, Skyward Specialty Insurance Group Inc, Barclays, Reynolds Porter Chamberlain (RPC) LLP, Evercore Inc, Howden Capital Markets, Willkie Farr & Gallagher LLP
Skyward Specialty announced it has entered into a definitive agreement to acquire 100% of Apollo Group Holdings Limited for $555 million, of which $184 million will be paid in stock to employees and strategic investors, and $371 million in cash (backed by committed debt financing). The transaction is expected to deliver double-digit adjusted operating EPS accretion in the first full year and add over $1.5 billion in managed premium. Apollo is a U.S.-centric specialty underwriting platform operating at Lloyd’s, managing syndicates 1969 and 1971. The deal is expected to close in Q1 2026, pending regulatory approvals.
8. Automic Group - Strategic Acquisition
- Transaction Date: 9/3/2025
- Industry: Capital Markets
- Type: Acquisition
- Transaction Value: $474M (Reported)
- Participants: Advent International Corporation, Five V Capital Pty, Allens, Goldman Sachs Group Inc
Advent International signed a definitive agreement to acquire Automic Group, a registry and financial infrastructure technology provider in Australia and New Zealand. The deal was announced Sept 3, 2025. The terms were not disclosed by Advent, but external reports value the deal at A$725 million (~US$474 million). Automic serves over 1,400 companies and funds, offering registry, fund administration, shareholder analytics, share plan services, and more. The acquisition is Advent’s first in Australia after opening its Sydney office, and the transaction is expected to close by year-end 2025, subject to regulatory approvals. Legal advisor Allens is advising Advent.
9. Center for Research in Security Prices, LLC - Strategic Acquisition
- Transaction Date: 9/23/2025
- Industry: Capital Markets
- Type: Acquisition / Merger
- Transaction Value: $375M
- Participants: Morningstar (GP), The University of Chicago
Morningstar announced it will acquire the Center for Research in Security Prices (CRSP) from the University of Chicago for $375 million. CRSP is a long-established provider of historical market data and index services, with over $3 trillion in fund assets benchmarked to its indices. The transaction is expected to close in Q4 2025, subject to customary conditions and regulatory approvals. The agreement also provides for continued researcher access to CRSP data for UChicago scholars after closing.
10. Parafin - Credit / Forward-Flow Financing
- Transaction Date: 9/29/2025
- Industry: Financial Services
- Type: Credit
- Transaction Value: $360M
- Participants: Cross River
Parafin announced a forward-flow agreement with Cross River Bank under which Cross River’s Principal Finance Group will commit to purchasing up to $360 million in assets from Parafin. This deal is structured as a credit / purchase commitment to provide Parafin with off-balance-sheet capital, strengthening its ability to expand embedded lending solutions and support growth across its platform partners.
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.
