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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 Private Markets, 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.
- Transaction Date: 8/31/2026
- Type: Acquisition/Merger
- Sector: Financials
- Transaction Value: $17B
- Participants: AON GP
Aon has agreed to acquire USI Insurance Services, a leading insurance brokerage and risk management consulting firm, from KKR and its co-investors for $17 billion in an all-cash transaction — representing approximately a 6.0x return on KKR's original 2017 equity investment. USI, which nearly tripled its revenue under nearly a decade of KKR ownership through organic growth and more than 90 strategic acquisitions, will generate an estimated $2.0 billion of ANI for KKR upon closing. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals.
- Transaction Date: 9/2/2026
- Type: Acquisition/Merger
- Sector: Energy
- Transaction Value: $13.9B
- Participants: Shell plc
Shell has completed its acquisition of ARC Resources, a Montney basin producer in British Columbia and Alberta, following all required shareholder, court, and regulatory approvals. ARC shareholders received CAD $8.20 in cash plus 0.40247 Shell shares per ARC share, valuing the deal at approximately $13.9 billion in equity ($3.3 billion cash, $10.6 billion in new Shell shares) and $16.5 billion in enterprise value including ~$2.5 billion in assumed net debt. The acquisition adds roughly 370 kboe/d of immediate production and supports a 4% production CAGR through 2030, with Shell expecting annualized synergies of around $250 million within a year of closing and free cash flow accretion from 2027 onward. The transaction has already closed.
- Transaction Date: 9/8/2026
- Type: Acquisition/Merger
- Sector: Industrials
- Transaction Value: $11.75B
- Participants: GE Aerospace
GE Aerospace has agreed to acquire Consolidated Precision Products (CPP), a manufacturer of engineered castings for commercial aerospace and defense, from Warburg Pincus and Berkshire Partners for $11.75 billion — $7 billion in cash, the remainder in new debt — valuing CPP at roughly 18x 2027 EBITDA including expected synergies (26x without). The deal expands GE Aerospace's castings capacity to meet demand across commercial engines, aftermarket, and defense, and is expected to be accretive to adjusted EPS and free cash flow in year one. The transaction is expected to close in the second half of 2027, subject to regulatory approvals.
- Transaction Date: 9/3/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $10.9B
- Participants: AbbVie Inc
AbbVie has completed its acquisition of Apogee Therapeutics, a clinical-stage biotech developing novel biologics for inflammatory and immunological diseases, for $135.11 per share in cash — a total equity value of approximately $10.9 billion. The deal adds Apogee's pipeline of differentiated clinical-stage assets, led by zumilokibart (targeting IL-13 in atopic dermatitis) and APG273 (a zumilokibart-TSLP antibody combination in asthma), strengthening AbbVie's immunology portfolio and expanding its clinical presence in respiratory disease. The transaction is expected to be accretive to AbbVie's adjusted diluted EPS beginning in 2032; the deal has already closed following shareholder and regulatory approvals.
- Transaction Date: 9/1/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $10B
- Participants: Vertex Pharmaceuticals Inc
Vertex has completed its acquisition of Crinetics Pharmaceuticals, a global pharmaceutical company focused on endocrine diseases, for $85.00 per share in cash — a total equity value of approximately $10.0 billion, or $8.8 billion net of estimated cash acquired. The deal adds PALSONIFY (paltusotine), the first once-daily oral therapy for acromegaly, and atumelnant, a Phase 3 ACTH receptor antagonist for congenital adrenal hyperplasia, with the combined assets holding peak potential for more than $5 billion in annual revenue; the transaction is expected to become accretive to non-GAAP operating income in 2029. The acquisition closed September 1, 2026, establishing rare endocrine diseases as Vertex's fifth growth pillar alongside cystic fibrosis, hematology, acute pain, and renal disease.
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- Transaction Date: 9/3/2026
- Type: Acquisition/Merger
- Sector: Consumer Discretionary
- Transaction Value: $9.6B
- Participants: N/A
The Estate of Paul G. Allen has completed the sale of the Seattle Seahawks to an ownership group led by the Khosla family, with Vinod Khosla taking the title of Chair, following NFL owners' approval on August 26. The deal, whose financial terms were not disclosed, includes a group of co-owners spanning private equity firms (Carlyle, Sixth Street, Dynasty Equity) and individual investors including Mark Stevens, Penny Pritzker, and the Aramburuzabala family. The transaction has already closed, with the Khosla family set to be formally introduced at a press conference on September 9 at Lumen Field.
- Transaction Date: 9/10/2026
- Type: Growth Equity
- Sector: Utilities
- Transaction Value: $9B
- Participants: N/A
ONEOK has closed a $9 billion minority equity investment from Apollo, funding its $4.425 billion acquisition of Brazos Midstream's Permian Midland Basin assets while enabling ~$5 billion in debt extinguishment. Apollo receives a nonvoting Class B interest capped at a 7.0% IRR for nine years, with ONEOK holding a buyout option starting in year eight. The Brazos deal (~7.5x 2027 EBITDA including synergies) expands ONEOK's Permian footprint and is expected to close in Q4 2026; the equity investment has already closed, cutting pro forma leverage to roughly 3.25x debt-to-EBITDA.
- Transaction Date: 9/9/2026
- Type: Acquisition/Merger
- Sector: Real Estate
- Transaction Value: $8.1B
- Participants: Independence Realty Trust Inc
Independence Realty Trust (IRT) and Centerspace have agreed to merge in an all-stock deal, creating a combined multifamily REIT with a pro forma equity market cap of approximately $5.0 billion and enterprise value of approximately $8.1 billion across more than 44,000 apartment units. Centerspace shareholders will receive 3.800 shares of IRT stock per share, leaving IRT stockholders with ~78% and Centerspace shareholders ~22% of the combined company; the deal is expected to be roughly 5% accretive to 2027 Core FFO per share, supported by ~$24 million in annualized synergies. The transaction is expected to close as early as Q4 2026, subject to shareholder approvals.
- Transaction Date: 9/2/2026
- Type: Acquisition/Merger
- Sector: Information Technology
- Transaction Value: $6.6B
- Participants: KKR, Singapore Telecommunications
A KKR-led consortium including Singtel has completed its acquisition of the remaining 82% stake in ST Telemedia Global Data Centres (STT GDC), a leading Asia Pacific and UK/Europe data centre colocation provider, from founding shareholder ST Telemedia for S$6.6 billion (approximately US$5.1 billion) — an implied enterprise value of roughly S$13.8 billion (US$10.9 billion) including leverage and committed capex. Upon closing, KKR and Singtel hold 75% and 25% stakes respectively in STT GDC, which operates 2.3GW of design capacity across 12 markets and has grown its development pipeline from 1.4GW to over 1.7GW since the consortium's initial 2024 preference share investment. The transaction has already closed, following regulatory approvals.
- Transaction Date: 9/3/2026
- Type: Acquisition/Merger
- Sector: Utilities
- Transaction Value: $4.4B
- Participants: Flex Ltd
Flex has agreed to acquire EPC Power, a provider of intelligent power conversion solutions for data center and grid applications, for $4.4 billion, funded through a combination of debt and equity. EPC Power, which has more than 15 GW deployed across 62 countries and is expected to generate approximately $800 million in 2026 revenue with EBITDA margin expanding to roughly 30% in 2027, will join Flex's Cloud and Power Infrastructure segment, positioning Flex for next-generation 800V data center power architectures ahead of a planned spin-off of that segment into an independent public company in Q1 2027. The transaction is expected to close in Q4 2026, subject to customary regulatory approvals and closing conditions.
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 Private Markets, 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 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, request access to Dakota Private Markets.
