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 industrial transactions.
1. Air Lease Corporation - Take-Private / Public-to-Private
- Transaction Date: 9/2/2025
- Industry: Aerospace & Defense
- Type: Buyout/Private Equity
- Transaction Value: $7.4 B (equity value) / $28.2 B (enterprise value incl. debt)
- Participants: Sumitomo Corporation, SMBC Aviation Capital, Apollo Global Management Inc., Brookfield Asset Management, Citigroup Global Markets Limited, Goldman Sachs International, Davis Polk & Wardwell LLP, McCann FitzGerald, Norton Rose Fulbright, Milbank LLP, Citigroup Global Markets Japan Inc., Goldman Sachs Japan, Goldman Sachs Bank USA
Air Lease Corporation will be acquired for $7.4 billion (about $28.2 billion including debt) by a consortium led by Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield. Upon closing, it will be renamed Sumisho Air Lease and become one of the world’s largest aircraft lessors, supported by $12.1 billion in committed financing and deep capital and operational expertise.
2. NScale - Series B
- Transaction Date: 9/25/2025
- Industry: Professional Services
- Type: Venture
- Transaction Value: $1.1B
- Participants: Aker ASA, Sandton Capital Partners, Blue Owl Managed Funds, Dell Technologies, Fidelity Management & Research Company, G Squared, Nokia Corporation, NVIDIA Corporation, Point72, T.Capital
Nscale raised $1.1 billion in Europe’s largest Series B to date to scale its global AI infrastructure and GPU deployment across Europe, North America, and the Middle East. Backed by Aker, Dell, NVIDIA, and Fidelity, Nscale is building vertically integrated, AI-native data centers to power next-generation AI at global scale.
3. Figure - Series C
- Transaction Date: 9/16/2025
- Industry: Machinery
- Type: Venture
- Transaction Value: $1B
- Participants: Parkway Venture Capital, Brookfield Asset Management, NVIDIA Corporation, Macquarie Capital, Intel Capital, Align Ventures, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures, Qualcomm Ventures
Figure raised $1 billion in Series C funding at a $39 billion post-money valuation, marking a major step toward scaling its general-purpose humanoid robots for real-world deployment. Led by Parkway Venture Capital with backing from NVIDIA, Intel, and others, the funding will accelerate production, AI training, and data collection to advance Figure’s embodied intelligence platform, Helix.
4. Kelvion - Direct Lending
- Transaction Date: 9/11/2025
- Industry: Machinery
- Type: Credit
- Transaction Value: $879M (≈ €750 M)
- Participants: J.P. Morgan & Co., Deutsche Bank AG
J.P. Morgan, Deutsche Bank, and other lenders are providing €750 million (≈ $879 million) in floating-rate debt to support Apollo Global Management’s acquisition of German cooling equipment firm Kelvion from Triton. The deal values Kelvion at ≈ €2 billion ($2.3 billion) and reinforces Apollo’s industrial-infrastructure strategy.
5. Carlson Wagonlit Travel - Carve-Out / Divestiture
- Transaction Date: 9/2/2025
- Industry: Air Freight & Logistics
- Type: Buyout/Private Equity
- Transaction Value: $540M
- Participants: Global Business Travel Group Inc (Amex GBT), CWT
Amex GBT completed its $540 million acquisition of CWT, expanding its global business-travel and meetings solutions platform. The deal brings CWT customers into Amex GBT’s travel and expense ecosystem, enhancing service offerings and driving long-term shareholder value.
6. ID.me - Series E
- Transaction Date: 9/3/2025
- Industry: Commercial Services & Supplies
- Type: Growth Equity
- Transaction Value: $340M
- Participants: Ribbit Capital (lead), Ares Credit Funds, Moonshots Capital, Positive Sum
ID.me raised $340 million across a Series E and recent credit facility, pushing its valuation above $2 billion as it expands its digital identity platform to combat AI-driven fraud. The funding will accelerate its secure digital wallet and infrastructure supporting over 152 million users and 65 government agencies.
7. Rapido - Secondary Buyout
- Transaction Date: 9/23/2025
- Industry: Ground Transportation
- Type: Buyout/Private Equity
- Transaction Value: $270.4M
- Participants: Prosus, WestBridge Capital, Swiggy
Swiggy exited its stake in Rapido for ₹2,399.5 crore (≈ $270 million), securing about a ~2.5× return on its 2022 investment, with Prosus and WestBridge as key buyers. Swiggy is also restructuring Instamart into a subsidiary to sharpen focus and prepare for future fundraising in quick commerce.
8. Lila Sciences, Inc - Series A
- Transaction Date: 9/15/2025
- Industry: Professional Services
- Type: Venture
- Transaction Value: $235M
- Participants: Braidwell, Collective Global, Altitude Life Science Ventures, Alumni Ventures, ARK Venture Fund, Common Metal, Flagship Pioneering, General Catalyst, March Capital, The Mathers Foundation, Modi Ventures, NGS Super, State of Michigan Retirement System, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA)
Lila Sciences has raised a $235 million Series A round co-led by Braidwell and Collective Global to accelerate its mission of building scientific superintelligence, AI systems capable of autonomously conducting the full scientific method. With this funding, Lila will scale its AI Science Factories across Boston, San Francisco, and London, pushing the boundaries of discovery in life sciences, materials, and energy through its unified AI-powered software and robotics platform.
9. EMEA metering business - Strategic Acquisition
- Transaction Date: 9/29/2025
- Industry: Electrical Equipment
- Type: Merger & Acquisition
- Transaction Value: $215M
- Participants: AURELIUS Private Equity, Landis+Gyr Group AG
AURELIUS Private Equity agreed to acquire Landis+Gyr’s EMEA metering business for $215 million, a strategic carve-out covering electricity, gas, and thermal metering solutions across Europe, the Middle East, and Africa. AURELIUS plans to unlock growth and profitability through high-precision metering technology and operational support.
10. Dyna Robotics, Inc - Series A
- Transaction Date: 9/15/2025
- Industry: Aerospace & Defense
- Type: Venture
- Transaction Value: $120M
- Participants: RoboStrategy, CRV, First Round Capital, Salesforce, NVentures (NVIDIA), Amazon Industrial Innovation Fund, Samsung Next, LG Technology Ventures
Dyna Robotics raised $120 million in Series A funding led by RoboStrategy, CRV, and First Round Capital to accelerate development and deployment of its embodied AI robots. The DYNA-1 model is already proving commercial viability in real-world environments like hotels and restaurants, advancing toward scalable robotic autonomy and physical AGI.
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.
