Top 10 Transactions April 20 - 24, 2026

Top 10 Transactions April 20 - 24, 2026

Top 10 Transactions April 20 - 24, 2026
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The private company data space is vast, fragmented, and often overwhelming. Deal sourcing teams are faced with endless streams of announcements, filings, atSnd rumors, making it difficult to pinpoint the transactions that actually matter.

That’s why inside Dakota Marketplace, we’ve zeroed in on this space. We’ve created a centralized resource where deal sourcers can easily find and track the exact deals they’re looking for.

In this article, we’ve curated 10 top transactions from last week that stood out in the marketplace and signal key trends shaping the deal landscape. By the end of this, you’ll have a better understanding of these deals.

1. TopBuild - Strategic Acquisition

  • Transaction Date: 4/19/2026
  • Type: Acquisition/Merger
  • Sector: Industrials
  • Transaction Value: $17B
  • Participants: QXO

QXO has agreed to acquire TopBuild Corp., the largest distributor and installer of insulation and related building products in North America, for approximately $17 billion in a mix of roughly 45% cash and 55% QXO stock, representing a 23% premium to TopBuild's closing price prior to announcement. The deal makes QXO the second largest publicly traded building products distributor in North America with more than $18 billion in combined revenue, and is expected to generate approximately $300 million in synergies by 2030.

2. Project Prometheus - Growth Equity

  • Transaction Date: 4/24/2026
  • Type: Venture
  • Sector: Information Technology
  • Transaction Value: $10B
  • Participants: J.P Morgan Chase, Blackrock

Jeff Bezos's physical AI lab Project Prometheus has closed a $10 billion funding round at a valuation of approximately $38 billion, with JP Morgan, BlackRock, DST Global, and Arch Venture Partners among the participants. The company, co-founded with former Google Life Sciences executive Vik Bajaj, builds AI to assist engineering and manufacturing across sectors including aerospace, computing, and automobiles, and is separately exploring raising tens of billions more through a holding company to acquire businesses likely to be disrupted by AI.

3. Kelonia Therapeutics - Strategic Acquisition

  • Transaction Date: 4/20/2026
  • Type: Acquisition/Merger
  • Sector: Health Care
  • Transaction Value: $7B
  • Participants: Eli Lilly

Eli Lilly has agreed to acquire Kelonia Therapeutics, a clinical-stage biotech pioneering in vivo CAR-T cell therapy, for up to $7.0 billion — comprising $3.25 billion upfront and up to $3.75 billion in contingent clinical, regulatory, and commercial milestone payments. The deal adds Kelonia's proprietary iGPS platform and lead asset KLN-1010, an investigational in vivo anti-BCMA CAR-T therapy for multiple myeloma that has shown encouraging early clinical results, with the potential to dramatically simplify and broaden patient access to CAR-T therapies by eliminating the complex ex vivo manufacturing process.

4. Anthropic - Minority

  • Transaction Date: 4/20/2026
  • Type: Growth Equity
  • Sector: Information Technology
  • Transaction Value: $5B
  • Participants: Amazon

Anthropic and Amazon have expanded their cloud and infrastructure partnership, with Anthropic committing more than $100 billion over ten years to AWS technologies to secure up to 5 gigawatts of compute capacity for training and deploying Claude across Trainium2 through Trainium4 chips. As part of the expanded collaboration, Amazon is investing an additional $5 billion in Anthropic today — with up to $20 billion more in the future — building on the $8 billion previously invested, as Anthropic's annualized revenue has surpassed $30 billion, up from approximately $9 billion at the end of 2025.

5. Paragon Mall Singapore - Asset Purchase

  • Transaction Date: 4/20/2026
  • Type: Acquisition/Merger
  • Sector: Information Technology
  • Transaction Value: $3B
  • Participants: Capitaland (CPIT)

CapitaLand Integrated Commercial Trust (CICT) has agreed to acquire Paragon, a fully occupied freehold integrated retail, office, and medical development on Singapore's Orchard Road, for S$3.9 billion, while simultaneously divesting Asia Square Tower 2 for S$2.48 billion — redeploying capital from a leasehold office asset at a 3.0% exit yield into a higher-yielding freehold property at 3.9%. The paired transactions are expected to be 2.1% DPU accretive for unitholders while maintaining CICT's pro forma aggregate leverage at a prudent 39.2%.

6. Serra Verde Group - Strategic Acquisition

  • Transaction Date: 4/20/2026
  • Type: Acquisition/Merger
  • Sector: Materials
  • Transaction Value: $2.8B
  • Participants: USA Rare Earth

USA Rare Earth has agreed to acquire Serra Verde Group, owner of the Pela Ema rare earth mine in Brazil, for approximately $2.8 billion in consideration comprising $300 million in cash and roughly 126.8 million newly issued shares. The deal creates a fully integrated rare earth platform spanning mining through magnet manufacturing, with Serra Verde representing the only large-scale producer of all four magnetic rare earths outside Asia and projected to generate $550–$650 million in annualized EBITDA by end of 2027 at Phase 1 nameplate capacity.

7. Day One Biopharmaceuticals - Strategic Acquisition

  • Transaction Date: 4/23/2026
  • Type: Acquisition/Merger
  • Sector: Health Care
  • Transaction Value: $2.5B
  • Participants: Servier

Servier has completed its acquisition of Day One Biopharmaceuticals for $21.50 per share in cash, representing a total equity value of approximately $2.5 billion and a 68% premium to Day One's closing price prior to announcement. The deal adds OJEMDA (tovorafenib), an FDA-approved treatment for pediatric low-grade glioma, to Servier's oncology portfolio, along with a clinical-stage pipeline including an ADC and additional targeted therapies in rare cancers.

8. Asia Square Tower 2 - Asset Purchase

  • Transaction Date: 4/20/2026
  • Type: Acquisition/Merger
  • Sector: Materials
  • Transaction Value: $2.8B
  • Participants: USA Rare Earth

CICT has agreed to sell Asia Square Tower 2, a leasehold office asset held since 2017, to IOI Marina View for S$2.48 billion — a 9.9% premium to its December 2025 market valuation — with net proceeds to be redeployed into higher-yielding assets and balance sheet strengthening.

9. Sila Realty Trust - Strategic Acquisition

  • Transaction Date: 4/20/2026
  • Type: Acquisition/Merger
  • Sector: Real Estate
  • Transaction Value: $2.4B
  • Participants: Blue Owl Capital

Blue Owl has agreed to acquire Sila Realty Trust, a healthcare-focused net lease REIT, for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion, representing a 19% premium to Sila's closing price prior to announcement. The deal gives Blue Owl a portfolio of 137 healthcare properties across 65 U.S. markets spanning the continuum of care, underpinned by long-term triple-net leases and strong tenant fundamentals.

10. Rupert Resources - Strategic Acquisition

  • Transaction Date: 4/20/2026
  • Type: Acquisition/Merger
  • Sector: Materials
  • Transaction Value: $2.12B
  • Participants: Agnico Eagle Mines

Agnico Eagle Mines has announced three simultaneous transactions to consolidate the Central Lapland Greenstone Belt in northern Finland — acquiring Rupert Resources for C$2.9 billion, Aurion Resources for approximately C$481 million, and B2Gold's 70% stake in the Fingold joint venture for $325 million — giving it full control of roughly 2,492 square kilometres anchored by its existing Kittila mine and the Ikkari gold project. The combined Finland platform is expected to produce approximately 500,000 ounces of gold annually, with up to C$500 million in potential operating and development synergies from shared infrastructure and the elimination of overlapping ownership structures across the district.

Transactions with 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 is constantly monitoring the news for real-time updates on platform investments, add-ons, divestitures, and more. Each day, we deliver these highlights directly to your inbox through our transactions newsletter.

Inside Dakota Marketplace, the transactions tab gives you access to structured, filterable data complete with dates, deal structure, sectors, and financials, so you can build a feed tailored to your specific interests.

Whether you're evaluating a new investment opportunity or tracking trends in a target sector or segment, 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.

Cate Costin, Marketing Associate

Written By: Cate Costin, Marketing Associate