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 December alone, we added more than 2,500 new private company transactions, bringing the total to over 16,000 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 material transactions.
- Transaction Date: 12/14/2025
- Industry: Chemicals
- Type: Acquisition/Merger
- Transaction Value: $10.1B
- Participants: Stonepeak Infrastructure Partners, BP p.l.c., Simpson Thacher & Bartlett LLP, DLA Piper, UBS
Stonepeak has agreed to acquire a majority controlling stake in Castrol from bp in a transaction valuing the global lubricants leader at approximately $10.1 billion, with bp retaining a 35% minority interest. CPP Investments will invest up to $1.05 billion alongside Stonepeak, taking an indirect stake in Castrol, as the parties position the business for continued growth across automotive, industrial, and emerging energy applications.
- Transaction Date: 12/10/2025
- Industry: Metals & Mining
- Type: Real Assets
- Transaction Value: $2B
- Participants: Global Infrastructure Partners, BlackRock, BHP Group Ltd
BHP has agreed to a $2 billion infrastructure funding deal with BlackRock-owned Global Infrastructure Partners, forming a new entity to own Western Australia Iron Ore’s inland power network, with BHP retaining a 51% stake and GIP holding 49%. Under the arrangement, BHP will maintain full operational control while paying a long-term tariff over 25 years, allowing the miner to recycle capital and enhance balance sheet flexibility.
- Transaction Date: 12/15/2025
- Industry: Construction Materials
- Type: Acquisition/Merger
- Transaction Value: $1.84B
- Participants: Commercial Metals Company, Oaktree Capital Management, Foley Products, Moelis & Company, Akin Gump Strauss Hauer & Feld LLP
Commercial Metals Company has completed the $1.84 billion all-cash acquisition of Foley Products Company, a leading regional supplier of precast concrete and pipe products, significantly expanding CMC’s presence across the Southeast and other high-growth U.S. markets. The transaction establishes one of the largest precast concrete platforms in the country, is expected to be immediately accretive to earnings and free cash flow, and creates meaningful synergy opportunities alongside CMC’s recently closed CP&P acquisition.
- Transaction Date: 12/8/2025
- Industry: Containers & Packaging
- Type: Acquisition/Merger
- Transaction Value: $1.51B
- Participants: ProAmpac, Transcontinental Inc., Pritzker Private Capital (PPC), Constitution Capital Partners, Alvarez & Marsal Capital (AMC), Goldman Sachs Group Inc, J.P. Morgan Securities LLC, Kirkland & Ellis LLP, McCarthy Tétrault LLP
ProAmpac has agreed to acquire TC Transcontinental Packaging from TC Transcontinental for $1.51 billion, expanding its global footprint and strengthening its capabilities in sustainable flexible packaging and material science. The transaction broadens ProAmpac’s exposure to dairy, protein, medical, and pharmaceutical end markets while adding manufacturing capacity across North America, Latin America, the UK, and New Zealand, and is expected to close in early 2026.
- Transaction Date: 12/8/2025
- Industry: Chemicals
- Type: Buyout/Private Equity
- Transaction Value: $907.5M
- Participants: ContextLogic Inc, Emerald Lake Capital Management, L.P., Abrams Capital Management, L.P., BC Partners, Rothschild & Co., McDermott Will & Schulte, Ropes & Gray LLP, Proskauer Rose LLP, Kirkland & Ellis LLP
ContextLogic has agreed to acquire US Salt, a leading producer of high-purity evaporated salt products, from Emerald Lake Capital in a transaction valuing the business at $907.5 million, marking a foundational step in its transformation into a long-term business ownership platform. The deal brings a recession-resilient, infrastructure-critical materials business into ContextLogic, with Abrams Capital rolling its equity and becoming the company’s largest shareholder as the platform pursues disciplined, owner-aligned growth.
- Transaction Date: 12/1/2025
- Industry: Construction Materials
- Type: Acquisition/Merger
- Transaction Value: $675M
- Participants: Moelis & Company, Commercial Metals Company, Willkie Farr & Gallagher LLP, Eagle Corporation
Commercial Metals Company has completed the $675 million all-cash acquisition of Concrete Pipe & Precast, LLC, a leading supplier of precast concrete and pipe products across the Mid-Atlantic and South Atlantic regions. The transaction establishes a scalable precast platform for CMC, expands its exposure to infrastructure and early-stage construction demand, and is expected to be immediately accretive with additional synergy potential as part of CMC’s broader precast growth strategy.
- Transaction Date: 12/10/2025
- Industry: Chemicals
- Type: Divestiture / Sale of an Equity Stake
- Transaction Value: $600M
- Participants: Adecoagro S.A., Asociacion de Cooperativas Argentinas Coop Ltda, Nutrien Ltd, BofA Securities, Inc., Rabobank
Nutrien has completed the sale of its 50% equity stake in Argentina-based nitrogen producer Profertil to Adecoagro and Asociacion de Cooperativas Argentinas through a joint acquisition for approximately $600 million in pre-tax proceeds. The divestiture advances Nutrien’s portfolio simplification strategy and provides capital to support targeted growth investments, share repurchases, and debt reduction.
- Transaction Date: 12/1/2025
- Industry: Metals & Mining
- Type: Credit
- Transaction Value: $350M
- Participants: N/A
Endeavour Silver has announced a $300 million private placement of unsecured convertible notes due 2031, with an option for investors to purchase an additional $45 million, providing long-term, flexible financing tied to fixed interest and potential equity conversion. The proceeds will be used to refinance existing debt, advance development of the Pitarrilla project in Mexico, and support general corporate and strategic initiatives, strengthening the company’s balance sheet amid a volatile silver market.
- Transaction Date: 12/2/2025
- Industry: Metals & Mining
- Type: Real Assets
- Transaction: $305M
- Participants: TD Securities Prime Brokerage Group, Atlantic Group, Barrick Mining Corporation, Treadstone Resource Partners, Lawson Lundell
Barrick has completed the divestiture of its interests in the Tongon gold mine and related exploration properties in Côte d’Ivoire to the Atlantic Group for total consideration of up to $305 million. The transaction includes $192 million of upfront cash and up to $113 million in contingent payments tied to gold prices and resource conversions, further strengthening Barrick’s balance sheet and advancing its portfolio optimization strategy.
- Transaction Date: 12/10/2025
- Industry: Metals & Mining
- Type: Acquisition/Merger
- Transaction Value: $246.98M
- Participants: St Barbara Limited, Lingbao Gold Group Co., Ltd., Macquarie Group Limited, King & Wood Mallesons
St Barbara has agreed to sell a 50% interest in its Simberi Gold Project platform to Lingbao Gold Group for A$370 million, alongside a separate A$100 million investment by Kumul Mineral Holdings for a 20% project stake, valuing Simberi at A$800 million. The transactions fully fund St Barbara’s share of the Simberi expansion, de-risk development through strategic partners, and accelerate the project toward final investment decision and expanded production.
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.
