Top 10 Transactions June 29 - July 3, 2026

Top 10 Transactions June 29 - July 3, 2026
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The data behind this list comes from Dakota Marketplace, the global private markets intelligence platform used by thousands of investment professionals to research LPs, GPs, and private companies. Built by fundraisers for fundraisers, Dakota Marketplace delivers complete, accurate, and daily-updated intelligence across every allocator channel — from family offices and RIAs to sovereign wealth funds and public pensions. 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. Lhoist North America - Strategic Acquisition

  • Transaction Date: 6/29/2026
  • Type: Acquisition/Merger
  • Sector: Materials
  • Transaction Value: $13.5B
  • Participants: Martin Marietta Materials Inc

Martin Marietta Materials has agreed to combine with Lhoist North America in a $13.5 billion cash and stock transaction — comprising $7.0 billion in cash and $6.5 billion in Martin Marietta shares — immediately establishing the company as the leading national producer of lime solutions with over 2 billion tons of high-quality limestone reserves representing more than 200 years of useful life. The deal adds LNA's $1.8 billion in gross sales and $786 million in 2025 adjusted EBITDA across 20 quarries and 45 distribution terminals strategically positioned in Sun Belt metropolitan corridors, with approximately $85 million in targeted annual run-rate cost synergies and expected EPS and margin accretion in the first full year following close.

2. Rocket Lab Corporation (RKLB) - Bridge Loan

  • Transaction Date: 6/29/2026
  • Type: Credit
  • Sector: Industrials
  • Transaction Value: $3.6B
  • Participants: Deutsche Bank, Wells Fargo

Rocket Lab has agreed to acquire Iridium Communications for approximately $8.0 billion in a cash and stock transaction at $54 per share — comprising $27.00 in cash and Rocket Lab shares — creating a fully vertically integrated space company spanning launch, spacecraft manufacturing, globally-coordinated L-band spectrum, and a proven LEO satellite communications network serving over 2.55 million active subscribers worldwide. The deal gives Rocket Lab immediate recurring revenue from Iridium's $871.7 million in 2025 revenue and 57% OEBITDA margins, while positioning the combined company to build next-generation satellite IoT, direct-to-device, and resilient PNT services for government, defense, aviation, and commercial markets.

3. Kartos Therapeutics - Strategic Acquisition

  • Transaction Date: 6/29/2026
  • Type: Acquisition/Merger
  • Sector: Health Care
  • Transaction Value: $1.75B
  • Participants: Ipsen S.A.

Ipsen has agreed to acquire Kartos Therapeutics for $450 million upfront plus up to $1.3 billion in additional regulatory and sales-based milestone payments, adding navtemadlin — an investigational oral MDM2 inhibitor currently in the global Phase III POIESIS trial — to its hemato-oncology pipeline as a potential add-on therapy for myelofibrosis patients with a suboptimal response to standard of care ruxolitinib. Early clinical data showed that 42% of patients achieved meaningful spleen volume reduction and 71% demonstrated driver variant allele frequency reduction at Week 24, positioning navtemadlin as a potential disease-modifying treatment for a condition where median overall survival after ruxolitinib discontinuation is just one to two years.

4. Cantor Equity Partners II - SPAC Merger

  • Transaction Date: 7/1/2026
  • Type: Acquisition/Merger
  • Sector: Financials
  • Transaction Value: $1.25B
  • Participants: Securitize Capital

Securitize, the world's leading tokenization platform with over $4 billion in assets brought onchain, has completed its business combination with Cantor Equity Partners II and begun trading on the NYSE under the ticker "SECZ" at a $1.25 billion pre-money equity value, becoming the first publicly listed securities-focused tokenization infrastructure company. The transaction, which included $225 million in committed PIPE financing from blue-chip institutional investors, positions Securitize to accelerate its end-to-end regulated tokenization platform — partnering with BlackRock, Apollo, KKR, and Hamilton Lane — as it targets a $19 trillion addressable market for tokenization of real-world assets across equities, fixed income, and alternatives.

5. Alexander Mann Solutions - Divestiture

  • Transaction Date: 6/29/2026
  • Type: Buyout/Private Equity
  • Sector: Industrials
  • Transaction Value: $1.1B
  • Participants: Korn Ferry

Korn Ferry has agreed to acquire AMS, a UK-headquartered recruitment process outsourcing and talent consulting firm owned by OMERS Private Equity, for approximately £850 million ($1.1 billion) in cash and stock, adding AMS's approximately $650 million in annual fee revenue and $100 million in adjusted EBITDA across operations in more than 120 countries. The deal combines Korn Ferry's executive search and organizational consulting capabilities with AMS's RPO, early careers, contingent workforce, and skills creation expertise to create a global talent and organizational consulting leader with more than 16,000 colleagues and over $1.5 billion in estimated fees remaining under existing long-term contracts.

6. Theravance Biopharma - Strategic Acquisition

  • Transaction Date: 6/29/2026
  • Type: Acquisition/Merger
  • Sector: Health Care
  • Transaction Value: $929M
  • Participants: Zymeworks

Zymeworks has agreed to acquire Theravance Biopharma for approximately $929 million in cash at $17.00 per share, adding YUPELRI, the first and only once-daily nebulized LAMA for COPD maintenance treatment, which generated $266.6 million in U.S. net sales in 2025 with 12% year-over-year growth and patent protection through April 2039. The deal is financed through a $350 million non-recourse note from OMERS Life Sciences secured against YUPELRI cash flows, with Zymeworks' effective net investment expected to be reduced by roughly 50% after accounting for Theravance's existing cash and a $100 million milestone payment expected from Royalty Pharma in Q1 2027.

7. Cardinal Midstream Partners - Divestiture

  • Transaction Date: 6/29/2026
  • Type: Acquisition/Merger
  • Sector: Energy
  • Transaction Value: $752M
  • Participants: San Mateo Midstream

San Mateo Midstream, Matador Resources' 51%-owned Delaware Basin midstream joint venture with Five Point Infrastructure, has agreed to acquire Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash, adding a 320 MMcf/day cryogenic gas processing complex in Loving County, Texas and approximately 145 miles of gathering pipelines that effectively complete San Mateo's northern Delaware Basin infrastructure footprint. The deal expands San Mateo's designed natural gas processing capacity to over one billion cubic feet per day and adds nine new third-party customers, with Cardinal assets expected to generate up to $110 million in annualized adjusted EBITDA by 2028 when the plant complex reaches full capacity.

8. AI² Robotics - Late Stage Round

  • Transaction Date: 6/29/2026
  • Type: Venture
  • Sector: Industrials
  • Transaction Value: $700M
  • Participants: N/A

AI² Robotics, a Shenzhen-based embodied AI company, has raised approximately 5 billion yuan (~$700 million) in a new funding round at a valuation exceeding 20 billion yuan (~$2.8 billion), making it the Greater Bay Area's first embodied AI unicorn and doubling its valuation from 10 billion yuan in just four months across 12 funding rounds in a single year. The capital raise — backed by national industrial funds, provincial AI funds, insurance firms, and strategic investors including CP Group, Pharmaron, and Moutai Group — is driven by NeuroVLA, the company's brain-inspired embodied intelligence architecture that mimics the human nervous system's three-layer computational hierarchy to deliver high-efficiency, event-driven robotics control at significantly lower power consumption than traditional AI architectures.

9. Edna May Gold Project - Asset Purchase

  • Transaction Date: 6/29/2026
  • Type: Acquisition/Merger
  • Sector: Materials
  • Transaction Value: $206.7M
  • Participants: Forrestania Resources Limited

Ramelius Resources has agreed to sell its Edna May Gold Hub in Western Australia to Forrestania Resources for $300 million in total consideration — comprising $200 million in upfront cash and $100 million in Forrestania shares subject to an 18-month escrow — realizing value from a non-core asset that has been on care and maintenance since April 2025 following 760,000 ounces of gold production under Ramelius' ownership since 2017. The deal allows Ramelius to focus capital on its Mt Magnet transformation and Rebecca-Roe development while retaining ongoing exposure to Edna May's upside through its expected substantial shareholding in Forrestania.

10. Reed Semiconductor - Series B

  • Transaction Date: 6/29/2026
  • Type: Growth Equity
  • Sector: Information Technology
  • Transaction Value: $100M
  • Participants: N/A

Reed Semiconductor, a provider of turnkey power solutions for AI infrastructure, has completed an upsized, oversubscribed $100 million funding round with participation from leading global semiconductor companies, bringing new capital to accelerate product development, broaden market reach, and enhance operational scale. The round reflects strong investor confidence in Reed's positioning as the power demands of next-generation AI systems continue to accelerate, with the Warwick, Rhode Island-based company focused on delivering high-performance power solutions to the rapidly growing AI infrastructure market.

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