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.
- Transaction Date: 12/17/2025
- Type: Growth Equity
- Sector: Financials
- Transaction Value: $14.7B
- Participants: Founders Fund, Sequoia, GIC, Accel, Thrive
Trade Republic confirmed a €12.5bn valuation after a €1.2bn secondary share sale in which existing investors, including Founders Fund and Sequoia, increased their stakes, propelling the German trading app to decacorn status. The transaction, which brought in new investors such as Wellington, Fidelity and Khosla Ventures but no new primary capital, more than doubled the company’s 2022 valuation of around €5bn.
- Transaction Date: 12/15/2025
- Type: Buyout/Private Equity
- Sector: Health Care
- Transaction Value: $5B
- Participants: Cencora
Cencora has entered into a definitive agreement to acquire TPG’s equity interest in OneOncology, deepening its investment in the physician-led oncology platform while maintaining its independence. The transaction advances Cencora’s specialty care strategy and follows significant growth at OneOncology, which has expanded its national footprint and capabilities under TPG’s ownership.
- Transaction Date: 12/19/2025
- Type: Merger & Acquisition
- Sector: Health Care
- Transaction Value: $4.8B
- Participants: BioMarin
BioMarin has agreed to acquire Amicus Therapeutics in an all-cash transaction valued at approximately $4.8bn, or $14.50 per share, expanding its rare disease portfolio with marketed therapies for Fabry and Pompe diseases. The deal, expected to close in Q2 2026, is anticipated to accelerate BioMarin’s revenue growth and be accretive to earnings within 12 months, while strengthening its long-term financial outlook.
- Transaction Date: 12/19/2025
- Type: Growth Equity
- Sector: Financials
- Transaction Value: $4.4B
- Participants: MUFG Bank
MUFG Bank has agreed to invest approximately INR 396bn ($4.4bn) to acquire a 20% equity stake in India’s Shriram Finance via a preferential allotment, subject to regulatory approvals, making the NBFC an equity-method affiliate of MUFG. The investment is accompanied by a strategic partnership aimed at accelerating Shriram Finance’s growth in India’s MSME and retail lending markets by combining MUFG’s regional expertise with Shriram’s nationwide distribution network.
- Transaction Date: 12/16/2025
- Type: Growth Equity
- Sector: Information Technology
- Transaction Value: $4B
- Participants: Insight Partners, Fidelity, J.P. Morgan
Databricks is raising more than $4bn in a Series L round led by Insight Partners, Fidelity and J.P. Morgan Asset Management, valuing the data and AI company at $134bn as it surpassed a $4.8bn revenue run-rate with over 55% year-on-year growth. The funding will support expanded investment in AI-driven products including Agent Bricks, Lakebase and Databricks Apps, provide employee liquidity, and position the company for future AI acquisitions.
- Transaction Date: 12/15/2025
- Type: Merger & Acquisition
- Sector: Industrials
- Transaction Value: $3.3B
- Participants: WSP Global
WSP has agreed to acquire U.S.-based TRC Companies for $3.3bn in cash, a milestone deal that will make WSP the largest engineering and design firm in the U.S. and significantly strengthen its Power & Energy, infrastructure and advisory capabilities. The acquisition, expected to close in Q1 2026, is forecast to be accretive to earnings and will be financed through a combination of debt and an approximately $850m equity raise.
- Transaction Date: 12/15/2025
- Type: Merger & Acquisition
- Sector: Information Technology
- Transaction Value: $2.85B
- Participants: ServiceNow
ServiceNow has completed its acquisition of Moveworks, combining ServiceNow’s agentic AI and workflow platform with Moveworks’ front-end AI assistant, enterprise search, and reasoning engine to create an AI-native entry point for employee work. The deal strengthens ServiceNow’s AI Platform by accelerating autonomous issue resolution, scaling enterprise AI adoption, and enhancing end-to-end digital workflows across IT, HR, and other functions.
- Transaction Date: 12/17/2025
- Type: Merger & Acquisition
- Sector: Consumer Staples
- Transaction Value: $2.3B
- Participants: Asahi
Diageo has agreed to sell its 65% stake in East African Breweries to Asahi Group for $2.3bn, valuing the business at $4.8bn and marking Diageo’s final major exit from African beer operations. The deal supports Diageo’s deleveraging and cost-cutting efforts, while the company will retain brand presence in the region through long-term licensing agreements for Guinness and other key brands.
- Transaction Date: 12/18/2025
- Type: Merger and Acquisition
- Sector: Financials
- Transaction Value: $2.1B
- Participants: Howard Hughes Holdings
Howard Hughes Holdings has agreed to acquire specialty insurer and reinsurer Vantage Group Holdings for approximately $2.1bn, a transaction that will anchor its transformation into a diversified holding company. Expected to close in Q2 2026, the deal will be funded through cash on hand and preferred equity from Pershing Square, and is intended to create a long-term, high-return insurance platform under Howard Hughes’ ownership.
- Transaction Date: 12/16/2025
- Type: Buyout/Private Equity
- Sector: Industrials
- Transaction Value: $1.75B
- Participants: Textainer
Stonepeak-controlled Typewriter Ascend, an affiliate of Textainer, has completed its acquisition of container leasing company Seaco from Bohai Leasing, strengthening Textainer’s position in the global container leasing market. The combination creates the world’s largest container fleet with approximately 8.3 million CEUs, enhancing scale, diversification and service capabilities for customers worldwide.
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.
