Top 10 Transactions (July 26 - August 1, 2026)

Top 10 Transactions (July 26 - August 1, 2026)
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Data sourced from Dakota Marketplace, the global LP and GP intelligence platform trusted by thousands of investment professionals. Learn More | Book a Demo

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. MarketAxess Holdings - Strategic Acquisition

  • Transaction Date: 7/30/2026
  • Type: Acquisition/Merger
  • Sector: Financials
  • Transaction Value: $6B
  • Participants: Intercontinental Exchange Inc

Intercontinental Exchange (ICE) has agreed to acquire MarketAxess, a leading institutional fixed income electronic trading platform connecting approximately 2,100 firms across 90+ countries, for $167 per share in an all-cash transaction at a total enterprise value of approximately $5.7 billion — a 33% premium to MarketAxess's closing price. The deal creates a unified end-to-end fixed income ecosystem spanning pre-trade analytics, institutional and retail electronic execution, and post-trade data across a $145 trillion global bond market, with $100 million in targeted annual run-rate expense synergies within three years and expected adjusted EPS accretion in the first full year following close in H1 2027.

2. Modular - Strategic Acquisition

  • Transaction Date: 7/29/2026
  • Type: Acquisition/Merger
  • Sector: Information Technology
  • Transaction Value: $4.3B
  • Participants: Qualcomm Incorporated, Qualcomm Technologies, Inc.

Qualcomm has completed its acquisition of Modular Inc., a leading AI-native software infrastructure company founded by Chris Lattner, combining Modular's unified platform for optimizing and deploying generative and agentic AI workloads across heterogeneous hardware — including CPUs, GPUs, NPUs, and custom ASICs — with Qualcomm's high-performance, energy-efficient silicon leadership. The deal accelerates Qualcomm's edge-to-cloud AI strategy by creating an open, developer-friendly compute layer that enables AI to run efficiently across diverse hardware architectures without rewrites, with Mojo, MAX, and Modular Cloud continuing as products and Lattner joining as Executive Vice President of Advanced AI Software and Platforms.

3. Shield AI - Series G

  • Transaction Date: 7/29/2026
  • Type: Growth Equity
  • Sector: Information Technology
  • Transaction Value: $1.5B
  • Participants: N/A

Shield AI, a San Diego-based defense technology company specializing in AI autonomy software and autonomous aircraft, has raised $1.5 billion in a Series G financing co-led by Advent International at a $12.7 billion post-money valuation, with the round including $500 million in fixed-return preferred equity and an additional $250 million delayed draw facility. The capital will fund continued development of Shield AI's Hivemind autonomy platform — selected by the U.S. Air Force for its Collaborative Combat Aircraft program and proven across 26 vehicle classes including F-16s — as well as its planned acquisition of Aechelon Technology, a high-fidelity defense simulation and synthetic reality company supporting the Pentagon's Joint Simulation Environment.

4. Eaton Fiber - Minority

  • Transaction Date: 7/29/2026
  • Type: Growth Equity
  • Sector: Communication Services
  • Transaction Value: $1.5B
  • Participants: N/A

Bain Capital's Special Situations team and Tillman Global Holdings have announced a $1.5 billion investment in Eaton Fiber, funded alongside the acquisition of Ripple Fiber, to accelerate the expansion of Verizon fiber broadband to over one million locations outside Verizon's current fiber footprint across the United States. The capital-efficient wholesale model pairs Eaton Fiber's network build, maintenance, and operation capabilities with Verizon's exclusive retail distribution and customer service responsibilities, with Verizon also acquiring Ripple Fiber's existing customers and a portion of its network in North and South Carolina as part of the transaction.

5. Commonwealth Fusion Systems - Growth Equity

  • Transaction Date: 7/30/2026
  • Type: Venture
  • Sector: Utilities
  • Transaction Value: $1B
  • Participants: N/A

Commonwealth Fusion Systems has raised $1 billion in its latest equity financing round — the largest single fusion industry raise since CFS' own $1.8 billion Series B in 2021 — bringing total capital raised to $4 billion and approximately 30% of all capital ever raised by the fusion industry. The round, backed by an expanding base of institutional investors including pension funds, sovereign wealth funds, and industrial corporate partners, will fund the final assembly of the SPARC fusion demonstration machine and continued development of the ARC grid-scale fusion power plant in Virginia, with CFS on track to deliver power to the grid in the early 2030s backed by PPAs with Google and Eni covering more than half of projected output.

6. ACCIONA Energía Wind Power Portfolio - Asset Purchase

  • Transaction Date: 7/27/2026
  • Type: Acquisition/Merger
  • Sector: Utilities
  • Transaction Value: $491M
  • Participants: Galp Energia SGPS S.A.

ACCIONA Energía has completed the sale of a 361MW portfolio of 15 operational wind farms across six Spanish provinces to Galp New Energies for an equity value of €432 million — generating an estimated capital gain of €255 million — with the transaction signed and closed simultaneously with full proceeds received at closing. The deal, which involves assets with an average operating age of 21 years, advances ACCIONA Energía's selective asset rotation strategy and brings its total renewable capacity sold since 2024 to more than 3GW across multiple countries for aggregate proceeds of €3.7 billion.

7. Yapı Kredi Turkish Asset Manager - Platform

  • Transaction Date: 7/29/2026
  • Type: Buyout/Private Equity
  • Sector: N/A
  • Transaction Value: $423M
  • Participants: Azimut Group

Yapı Kredi has agreed to sell Yapı Kredi Portföy Yönetimi, a leading Turkish asset manager with $26 billion in AUM and 8.3% market share, to Azimut Group's AZ International Holdings for approximately $425 million at an 11x adjusted 2025 P/E multiple, while simultaneously entering into a 15-year exclusive distribution agreement under which Yapı Kredi will distribute Azimut's asset management products across its 730+ branch network and 5,000+ relationship managers. The landmark transaction strengthens Yapı Kredi's CET1 capital ratio by approximately 70 basis points while creating a pioneering asset management partnership model in Turkey combining Azimut's global investment capabilities with Yapı Kredi's trusted brand and nationwide distribution infrastructure.

8. Great Bay Royalties - Strategic Acquisition

  • Transaction Date: 7/30/2026
  • Type: Acquisition/Merger
  • Sector: Financials
  • Transaction Value: $390M
  • Participants: Northampton Capital Partners

Altius Minerals has agreed to increase its effective ownership in Great Bay Renewables (GBR), a leading U.S. renewable energy royalty platform with nearly 9 GW of generation under royalty, from 29% to 50% through a tripartite transaction in which Apollo Funds sell their 50% direct interest in GBR to Northampton Capital Partners for approximately $390 million, while Altius concurrently acquires Northampton's minority interest in Altius Renewable Royalties Corp. for $168 million. The restructuring results in Altius and Northampton each holding equal 50% interests in GBR as the business reaches an inflection point in its royalty revenue trajectory amid the strongest U.S. electricity demand growth in more than a generation.

9. Allied Gold Corporation - Minority

  • Transaction Date: 7/29/2026
  • Type: Growth Equity
  • Sector: Materials
  • Transaction Value: $295M
  • Participants: N/A

Zijin Gold International Company Limited has made a strategic minority equity investment of approximately US$295 million in Allied Gold Corporation, acquiring approximately 12.8 million common shares at C$32.55 per share — representing a premium to Allied Gold's current market price — for an approximately 9.2% ownership stake. The investment, which replaces a previously announced C$5.5 billion full acquisition that was terminated due to regulatory closing conditions, will fund the ramp-up of the Kurmuk mine in Ethiopia, the phased expansion of Sadiola in Mali, and growth initiatives at Allied's Côte d'Ivoire CDI Complex.

10. Spur Intelligence - Not Disclosed

  • Transaction Date: 7/28/2026
  • Type: Growth Equity
  • Sector: Information Technology
  • Transaction Value: $200M
  • Participants: Insight Partners

Spur Intelligence, a leader in IP intelligence for identifying anonymized and obfuscated internet traffic, has secured a $200 million investment from Insight Partners to accelerate and scale operations across its platform serving security and fraud teams. The investment reflects surging demand for infrastructure-aware IP intelligence as 94% of organizations report encountering anonymizing VPNs or residential proxies in security incidents, with Spur's platform providing real-time visibility into VPN networks, residential proxies, and bot infrastructure through APIs, data feeds, and workflow integrations that AI models cannot replicate.

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