Top 10 Material Transactions in November 2025

Top 10 Material Transactions | November 2025

Top 10 Material Transactions | November 2025
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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 materials transactions.

1. Sealed Air Corporation - Take-Private / Public-to-Private

  • Transaction Date: 11/17/2025
  • Industry: Containers & Packaging
  • Type: Buyout/Private Equity
  • Transaction Value: $10.3B
  • Participants: Debevoise & Plimpton LLP, Evercore Inc, Latham & Watkins LLP, BofA Securities, Inc., BNP Paribas, Citi, Goldman Sachs Group Inc, J.P. Morgan Securities LLC, Lazard, Mizuho Investment Banking, RBC Capital Markets, UBS Investment Bank, Wells Fargo, Kirkland & Ellis LLP, Sealed Air Corporation, Clayton, Dubilier & Rice

Sealed Air Corporation agreed to be acquired by investment funds affiliated with CD&R in an all-cash deal valuing the company at $10.3 billion, with shareholders receiving $42.15 per share—a significant premium to recent trading prices. The transaction, unanimously approved by Sealed Air’s board and expected to close in mid-2026, will take the company private while supporting its long-term growth strategy and continued investment in its Food and Protective businesses.

2. Hemlo Gold Mine - Asset Purchase

  • Transaction Date: 11/26/2025
  • Industry: Metals & Mining
  • Type: Merger & Acquisition
  • Transaction Value: $1.09B
  • Participants: Barrick Mining Corporation, Carcetti Capital Corporation

Barrick Mining Corporation has completed the sale of its Hemlo Gold Mine to Carcetti Capital Corp., now renamed Hemlo Mining Corp., in a transaction valued at up to $1.09 billion, including $875 million in cash, $50 million in shares, and up to $165 million in contingent payments tied to production and gold prices. The deal marks Barrick’s exit from Hemlo while maintaining strong relationships with local First Nations, as the company continues to focus on its global portfolio of tier-one gold and copper assets.

3. Chandra Asri Pacific - Direct Lending

  • Transaction Date: 11/7/2025
  • Industry: Chemicals
  • Type: Credit
  • Transaction Value: $750M
  • Participants: Global Atlantic

PT Chandra Asri Pacific has secured financing from KKR’s insurance arm, Global Atlantic, to support its US$1 billion acquisition of Esso-branded service stations in Singapore from Exxon Mobil. Global Atlantic will provide a US$750 million unitranche loan at single-digit rates, with Chandra Asri funding the remaining US$250 million through equity, after outbidding a competing lender group and shifting away from earlier bank-led financing plans.

4. ThermoSafe business - Carve-Out / Divestiture

  • Transaction Date: 11/3/2025
  • Industry: Containers & Packaging
  • Type: Buyout/Private Equity
  • Transaction Value: $725M
  • Participants: Sonoco Corporation, Arsenal Capital Partners, Morgan Stanley, Freshfields Bruckhaus Deringer LLP, Kirkland & Ellis LLP, Raymond James Investment Banking

Sonoco has completed the sale of its ThermoSafe temperature-assured packaging business to Arsenal Capital Partners for up to $725 million, including $650 million paid at closing and up to $75 million in contingent 2025 performance-based consideration. The divestiture advances Sonoco’s portfolio simplification strategy, with proceeds earmarked for debt reduction and an expected improvement in its net leverage ratio to roughly 3.4x.

5. Brooks Manufacturing - Strategic Acquisition

  • Transaction Date: 11/5/2025
  • Industry: Containers & Packaging
  • Type: Merger & Acquisition
  • Transaction Value: $140M
  • Participants: Stella-Jones Inc, Brooks Manufacturing Co.

Stella-Jones has completed its acquisition of Brooks Manufacturing Co.’s assets for approximately US$140 million, adding a leading producer of treated wood crossarms and transmission framing components to its portfolio. The deal enhances Stella-Jones’ utility infrastructure offerings, supported by Brooks’ 2024 sales of roughly US$84 million and its strategically located Washington facility.

6. Lotte Chemical Pakistan - Strategic Acquisition 

  • Transaction Date: 11/13/2025
  • Industry: Materials
  • Type: Merger & Acquisition
  • Transaction Value: $69M
  • Participants: PTA Global Holding Limited, LOTTE Chemical Corporation

Lotte Chemical has sold a 75% stake in its Pakistani subsidiary to Dubai-based PTA Global Holding for about $69 million as part of a broader effort to restructure its portfolio amid challenging petrochemical market conditions. The Karachi-based unit, which produces 500,000 tons of PTA annually, will now be led by new CEO Adnan Afridi, who plans to focus on operational efficiency, energy-saving technologies, and future growth through M&A to strengthen the company’s role in Pakistan’s polyester and packaging sectors.

7. Sortera Technologies - Growth Equity

  • Transaction Date: 11/20/2025
  • Industry: Metals & Mining
  • Type: Venture
  • Transaction Value: $45M
  • Participants: T. Rowe Price, VXI Capital, Yamaha Motor Ventures, Overlay Capital

Sortera Technologies has raised $45 million in new funding—led by T. Rowe Price–advised accounts and VXI Capital, with additional participation from Yamaha Motor Ventures, Overlay Capital, and equipment financing from Trinity Capital—to accelerate its growth as a major U.S. supplier of upcycled metals. The company also plans to open a second advanced processing facility in Lebanon, Tennessee, expanding capacity in response to strong demand following the success of its flagship Indiana operation.

8. Qorium - Series A

  • Transaction Date: 11/11/2025
  • Industry: Chemicals
  • Type: Venture
  • Transaction Value: $25.43M
  • Participants: Invest-NL, LIOF, Brightlands Venture Partners, Sofinnova Partners

Qorium has raised €22 million in new funding from Invest-NL, LIOF, existing investors Brightlands Venture Partners and Sofinnova Partners, and several high-net-worth individuals to scale its cultivated leather technology. The investment will support installation of new bioreactor systems, expansion of commercial partnerships, and the company’s transition from scientific innovation to commercial production as demand grows for sustainable, high-quality real leather made without livestock.

9. Lohum - Pre Series C

  • Transaction Date: 11/18/2025
  • Industry: Chemicals
  • Type: Venture
  • Transaction Value: $15M
  • Participants: Baring Private Equity Partners India

LOHUM, a battery technology startup focused on lithium-ion reuse and recycling, is set to raise about $15 million (Rs 131.4 crore) in a pre-Series C round led by Growth I9 Opportunity LLP with participation from existing investors such as Baring Private Equity, Singularity Growth, and Asiana Fund. The funding—earmarked for capex, marketing, and general corporate purposes—values the company at roughly $485 million post-money and follows its $54 million Series B in 2024, as LOHUM continues scaling its sustainable energy-transition materials business amid strong revenue and profit growth.

10. Endolith - Series A

  • Transaction Date: 11/13/2025
  • Industry: Metals & Mining
  • Type: Venture
  • Transaction Value: $13.5M
  • Participants: Squadra Ventures, Draper Associates, Denver Ventures, Mana Ventures, Gaingels, Essential Capital, Alumni Ventures Group LLC, Everblue Ventures

Endolith, a Denver-based microbe-mining startup, has raised $13.5 million in the first tranche of its Series A round. The funding was led by Squadra Ventures with participation from Draper Associates, Denver Ventures, Mana Ventures, Gaingels, Essential Capital, Alumni Ventures, and EverBlue Ventures.

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.

MP CTA 9/8/25

Written By: Cate Costin, Marketing Associate