Top 10 Transactions (March 2 - 7, 2026)

Top 10 Transactions (March 2 - 7, 2026)

Top 10 Transactions (March 2 - 7, 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. The AES Corporation - Take-Private

  • Transaction Date: 3/2/2026
  • Type: Buyout/Private Equity
  • Sector: Utilities
  • Transaction Value: $10.7B
  • Participants: GIP, EQT

A consortium led by Global Infrastructure Partners (a part of BlackRock) and EQT Infrastructure, with co-underwriters CalPERS and QIA, agreed to acquire The AES Corporation for $15.00 per share in cash at a total enterprise value of approximately $33.4 billion, representing a 40.3% premium to AES' 30-day volume weighted average share price. The take-private transaction, expected to close in late 2026 or early 2027, will provide AES with enhanced financial flexibility to accelerate its clean energy growth strategy across the Americas.

2. Thoma Bravo - Direct Lending

  • Transaction Date: 3/7/2026
  • Type: Credit
  • Sector: N/A
  • Transaction Value: $5B
  • Participants: Blackstone, Ares

Thoma Bravo secured approximately $5 billion in private credit financing, led by Blackstone as largest lender and Ares Management as administrative agent, to support its buyout of third-party logistics provider WWEX Group and its planned merger with shipping-software company Auctane. The combined entity is expected to be valued at approximately $11.6 billion with pro forma EBITDA of $693 million and net revenue of around $1.5 billion, bringing together two Texas-based logistics and shipping technology companies under Thoma Bravo's ownership.

3. SPX Flow - Strategic Acquisition

  • Transaction Date: 3/2/2026
  • Type: Acquisition/Merger
  • Sector: Industrials
  • Transaction Value: $4.775B
  • Participants: ITT

ITT Inc. completed its acquisition of SPX FLOW from Lone Star Funds for total consideration of $4.775 billion in cash and equity, combining SPX FLOW's highly engineered process technologies and premier brands with ITT's Industrial Process segment to create a robust global flow technologies platform. The transaction, which adds $1.3 billion in SPX FLOW revenue and is expected to generate $80 million in run-rate cost synergies by year three, accelerates ITT's 2030 portfolio transformation strategy four years ahead of plan.

4. Naturgy Energy Group - Strategic Acquisition

  • Transaction Date: 3/3/2026
  • Type: Acquisition/Merger
  • Sector: Utilities
  • Transaction Value: $3.25B
  • Participants: N/A

BlackRock sold its remaining 11.4% stake in Spanish energy firm Naturgy for approximately €2.79 billion ($3.25 billion), disposing of roughly 110.8 million shares at €25.20 per share through an accelerated bookbuild managed by J.P. Morgan and Goldman Sachs. The sale follows BlackRock's December divestiture of a roughly 7% stake for $2 billion, with the firm's original position in Naturgy having been inherited through its 2024 acquisition of Global Infrastructure Partners.

5. CPM - Secondary Buyout

  • Transaction Date: 3/3/2026
  • Type: Buyout/Private Equity
  • Sector: Industrials
  • Transaction Value: $2.1B
  • Participants: Rosebank Industries

Rosebank Industries agreed to acquire MW Components and CPM from American Securities for a combined enterprise value of $3.05 billion, funded through a £1.9 billion institutional capital raise and new debt facilities. The deal combines two leading U.S. industrial businesses with combined revenues of approximately $1.2 billion and advances Rosebank's "Buy, Improve, Sell" strategy, with the company targeting 6-7 percentage points of operating margin improvement across both platforms.

6. Lumentum Holdings - Minority

  • Transaction Date: 3/2/2026
  • Type: Growth Equity
  • Sector: Information Technology
  • Transaction Value: $2B
  • Participants: Nvidia

NVIDIA announced a multiyear strategic partnership with Lumentum Holdings, including a $2 billion investment and a multibillion purchase commitment for advanced laser components, to accelerate the development of next-generation optical interconnect technology for AI data centers. The collaboration will support Lumentum's expansion of U.S.-based manufacturing capacity through a new fabrication facility, as both companies work to advance silicon photonics and optics technologies critical to scaling large-scale AI infrastructure.

7. Arizona Sonoran Copper Company - Strategic Acquisition

  • Transaction Date: 3/2/2026
  • Type: Acquisition/Merger
  • Sector: Materials
  • Transaction Value: $1.48M
  • Participants: Hudbay Minerals

Hudbay Minerals agreed to acquire Arizona Sonoran Copper Company in an all-share transaction valued at approximately US$1.48 billion, offering a 30% premium to ASCU shareholders, to gain full ownership of the Cactus copper project in southern Arizona. The acquisition creates the third largest copper district in North America by combining Cactus with Hudbay's existing Copper World project, positioning Hudbay to more than double its annual copper production from approximately 125,000 tonnes today to over 250,000 tonnes by 2030.

8. Ookla - Strategic Acquisition

  • Transaction Date: 3/3/2026
  • Type: Acquisition/Merger
  • Sector: Information Technology
  • Transaction Value: $1.2M
  • Participants: Accenture

Accenture entered into an agreement to acquire Ookla, a global leader in network intelligence and connectivity analytics, from Ziff Davis for undisclosed terms. The acquisition integrates Ookla's portfolio of brands — including Speedtest, Downdetector, Ekahau, and RootMetrics — into Accenture's capabilities, enabling it to offer end-to-end network intelligence services to communications service providers, hyperscalers, and enterprises as AI-driven connectivity demands accelerate.

9. Barrenjoey - Merger

  • Transaction Date: 3/2/2026
  • Type: Acquisition/Merger
  • Sector: N/A
  • Transaction Value: $1.1B
  • Participants: Magellan

Magellan Financial Group agreed to acquire Barrenjoey Capital Partners in a transaction valued at approximately A$1.62 billion ($1.1 billion), implying a 15x price-earnings multiple, with Magellan shareholders owning 58.2% of the combined entity upon close. The deal combines Magellan's roughly A$40 billion asset management platform with Barrenjoey's advisory, capital markets, and research capabilities, as Magellan looks to restore scale and broaden its earnings mix following a significant decline from its 2021 peak of over A$100 billion in AUM.

10. Core Scientific - Direct Lending

  • Transaction Date: 3/5/2026
  • Type: Credit
  • Sector: N/A
  • Transaction Value: $1B
  • Participants: Morgan Stanley

Core Scientific completed the initial closing of a $500 million 364-day loan facility provided by Morgan Stanley, with an accordion feature allowing total commitments to expand to up to $1.0 billion, priced at SOFR plus 250 basis points. The proceeds will be used to fund data center development activities, including equipment purchases, pre-development costs, and energy procurement, as the company accelerates its high-density colocation infrastructure buildout.

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