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 material transactions.
1. Envalior - Strategic Acquisition
- Transaction Date: 9/23/2025
- Industry: Chemicals
- Type: Merger & Acquisition
- Transaction Value: $1.42B
- Participants: Lanxess AG, Advent International Corporation
LANXESS has announced it will exercise its contractual right to offer the sale of its 40.94% stake in Envalior to joint venture partner Advent International, with the transaction potentially effective April 1, 2026 and a base valuation of approximately €1.2 billion. The final outcome and scope of the sale, which includes mechanisms for EBITDA-based price adjustments, will be confirmed by March 2026, with further sale opportunities extending through 2028.
2. Hemlo Gold Mine - Natural Resources
- Transaction Date: 9/10/2025
- Industry: Metals and Mining
- Type: Real Assets
- Transaction Value: $1.09B
- Participants: Barrick Mining Corporation, Carcetti Capital Corporation, CIBC World Markets Inc., Davies Ward Phillips & Vineberg, Blake, Cassels & Graydon LLP
Barrick has agreed to sell its Hemlo Gold Mine in Canada to Carcetti Capital Corp., soon to be renamed Hemlo Mining Corp., for up to $1.09 billion in a deal that includes cash, equity, and tiered future payments. The transaction, expected to close in Q4 2025, marks Barrick’s strategic shift toward its Tier One gold and copper portfolio while reinforcing its commitment to shareholder returns.
3. Water Management business unit - Strategic Acquisition
- Transaction Date: 9/23/2025
- Industry: Construction Materials
- Type: Merger & Acquisition
- Transaction Value: $1B
- Participants: Norma Group SE, Advanced Drainage Systems Inc, Centerview Partners, Jefferies Investment Banking, Davis Polk & Wardwell LLP, Squire Patton Boggs (US), Hengeler Mueller
NORMA Group has signed an agreement to sell its Water Management business unit to Advanced Drainage Systems, Inc. for an enterprise value of $1.0 billion, with the transaction expected to close in Q1 2026. This divestment marks a key step in NORMA Group’s transformation into a focused industrial supplier, enabling the company to eliminate net debt, invest in growth areas, and potentially return capital to shareholders.
4. Entek - Secondary Buyout
- Transaction Date: 9/17/2025
- Industry: Chemicals
- Type: Buyout/Private Equity
- Transaction Value: $800M
- Participants: I Squared Capital, Endeavour Capital, William Blair, Troutman Pepper Locke LLP, Holland & Knight LLP, Kirkland & Ellis LLP
I Squared Capital has agreed to acquire a majority stake in ENTEK Technology Holdings for $800 million, supporting the launch of the U.S.’s first gigafactory for wet-process lithium-ion battery separators in Terre Haute, Indiana. Backed by a $1.3 billion U.S. Department of Energy loan and federal tax credits, the investment positions ENTEK to lead in domestic battery manufacturing, energy security, and job creation.
5. ThermoSafe business - Carve-Out / Divestiture
- Transaction Date: 9/8/2025
- Industry: Containers & Packaging
- Type: Buyout/Private Equity
- Transaction Value: $725M
- Participants: Sonoco Corporation, Arsenal Capital Partners, Morgan Stanley, Freshfields, Kirkland & Ellis LLP
Sonoco has agreed to sell its ThermoSafe business to Arsenal Capital Partners for up to $725 million, completing its strategic transformation into a focused global metal and fiber packaging leader. Proceeds from the deal, expected to close by year-end 2025, will be used to reduce debt and strengthen Sonoco’s streamlined operational focus.
6. ISamhwa Co., Ltd. - Secondary Buyout
- Transaction Date: 9/4/2025
- Industry: Chemicals
- Type: Buyout/Private Equity
- Transaction Value: $528M
- Participants: KKR, TPG
KKR has completed the acquisition of South Korean cosmetics packaging leader Samhwa Co., Ltd. from TPG at a valuation of approximately KRW733 billion (US$528 million), marking a new chapter for the company’s global growth. With KKR’s backing, Samhwa aims to expand its position as a top-tier supplier of high-end packaging solutions in the booming global beauty market.
7. IvanHoe Mines - Minority
- Transaction Date: 9/17/2025
- Industry: Metals & Mining
- Type: Growth Equity
- Transaction Value: $500M
- Participants: Qatar Investment Authority
Ivanhoe Mines has secured a US$500 million investment from the Qatar Investment Authority through a private placement, granting QIA a 4% stake in the company. The proceeds will fund Ivanhoe’s global critical minerals exploration and development, reinforcing its role in the energy transition and advanced technology supply chains.
8. Infra.Market - Series G
- Transaction Date: 9/18/2025
- Industry: Construction Materials
- Type: Growth Equity
- Transaction Value: $83M
- Participants: Tiger Global Management, Nexus Venture Partners, Accel Management, Evolvence India, NK Squared
Infra.Market is raising ₹731.5 crore (around $83 million) in a Series G round led by its founders via Silverline Homes, joined by Tiger Global, NK Squared, Accel, Nexus Ventures, and Evolvence at a flat $2.8 billion valuation. The fresh funding, ahead of a planned IPO filing, reflects strategic stake consolidation by the founders and follows a recent $150 million debt raise to fuel growth across its building materials platform.
9. AMSilk GmbH - Series B
- Transaction Date: 9/9/2025
- Industry: Chemicals
- Type: Venture
- Transaction Value: $61M
- Participants: AT Newtec GmbH, Novo Holdings A/S, MIG Capital AG
AMSilk has raised €52 million in strategic financing, combining equity and convertible bonds, to accelerate the industrial scale-up of its sustainable silk-based biomaterials. Led by ATHOS and supported by MIG Capital and Novo Holdings, the funding will enable AMSilk to meet growing global demand across fashion, automotive, and consumer care sectors as it transitions to full-scale commercial production.
10. Nitricity - Series B
- Transaction Date: 9/10/2025
- Industry: Chemicals
- Type: Venture
- Transaction Value: $50M
- Participants: Fine Structure Venture, World Fund, Khosla Ventures, Chipotle Cultivate Next, Change Forces, Susquehanna Sustainable Investments, Energy Impact Partners
Nitricity has raised $50 million in a Series B round to scale its breakthrough technology that transforms almond waste into organic, climate-smart fertilizer, just ahead of breaking ground on its first commercial plant in California. Led by World Fund and Khosla Ventures, the funding will support Nitricity’s U.S. and European expansion, with its sustainable Ash Tea product already seeing high demand and strong yield results from organic farmers.
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.
