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: 5/12/2026
- Type: Acquisition/Merger
- Sector: N/A
- Transaction Value: $6.5B
- Participants: Dubai Holding
Dubai Holding, a firm controlled by Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum, has acquired a 22.27% stake in Emaar Properties from the Investment Corporation of Dubai for approximately $6.5 billion, bringing its total ownership in the developer of the Burj Khalifa to 29.73%. The transaction reshuffles ownership of one of Dubai's most strategically important corporate assets between two state-linked entities, tightening the ruler's direct control over Emaar at a sensitive moment for Dubai's property market.
- Transaction Date: 5/13/2026
- Type: Acquisition/Merger
- Sector: Materials
- Transaction Value: $5.1B
- Participants: Equinox Gold
Equinox Gold and Orla Mining have agreed to combine in an at-market all-share transaction valued at approximately $5.1 billion, with Orla shareholders receiving one Equinox share per Orla share, creating a new North American senior gold producer with an $18.5 billion implied market capitalization and expected 2026 production of 1.1 million ounces anchored by three long-life Canadian gold mines. The combined company has a clear path to more than 1.9 million ounces of annual production from an internally funded North American growth pipeline, with approximately $1.4 billion in expected 2026 free cash flow and 22.7 million ounces of proven and probable mineral reserves.
- Transaction Date: 5/13/2026
- Type: Growth Equity
- Sector: Industrials
- Transaction Value: $5B
- Participants: Thrive Capital, Andreessen Horowitz
Anduril Industries has raised $5 billion in a Series H round led by Thrive Capital and Andreessen Horowitz at a $61 billion valuation — the largest defence tech raise of the year — as the company more than doubled revenue to $2.2 billion in 2025 and aggressively scales production of autonomous systems, counter-drone technology, and software-defined defence infrastructure. The capital will be used to expand manufacturing capacity and R&D as Anduril positions itself as a faster-moving alternative to traditional defence primes, arguing that mass-produced autonomous systems and industrial-scale output are essential to Western military readiness ahead of what it describes as a "window of maximum danger" around 2027.
- Transaction Date: 5/11/2026
- Type: Venture
- Sector: Information Technology
- Transaction Value: $4B
- Participants: TPG, Advent, Bain, Brookfield
OpenAI has launched the OpenAI Deployment Company, a new majority-owned business unit backed by more than $4 billion in initial investment from 19 global partners led by TPG, Advent, Bain Capital, and Brookfield, designed to embed specialized Forward Deployed Engineers into enterprises to build and deploy AI systems across critical workflows. In connection with the launch, OpenAI has agreed to acquire Tomoro, an applied AI consulting firm, bringing approximately 150 experienced engineers to the Deployment Company from day one to accelerate enterprise AI deployment for clients including Tesco, Virgin Atlantic, and Supercell.
- Transaction Date: 5/12/2026
- Type: Buyout/Private Equity
- Sector: Energy
- Transaction Value: $3.75B
- Participants: Keyera Corp
Plains All American Pipeline has completed the sale of its Canadian NGL business to Keyera Corp. for net cash proceeds of approximately $3.3 billion, finalizing the company's transformation into a pure-play crude oil midstream company with integrated assets spanning from Canada to the U.S. Gulf Coast. The proceeds will be used primarily to repay outstanding indebtedness, with Plains expecting its leverage ratio to trend toward the middle of its 3.25–3.75x target range following the close.
- Transaction Date: 5/14/2026
- Type: Acquisition/Merger
- Sector: Energy
- Transaction Value: $2.17B
- Participants: Eneos
ENEOS Holdings has agreed to acquire Chevron's downstream fuels and lubricants marketing businesses across Singapore, Malaysia, the Philippines, Australia, Vietnam, and Indonesia — including a 50% stake in the Singapore Refining Company — for approximately $2.17 billion, with closing expected in 2027. The deal advances ENEOS' strategy to capture Southeast Asian petroleum demand growth as Japan's domestic market declines, while adding the trusted Caltex brand and strengthening its Asia-Pacific supply chain and trading capabilities.
- Transaction Date: 5/12/2026
- Type: Buyout/Private Equity
- Sector: Industrials
- Transaction Value: $2.1B
- Participants: Rosebank Industries
American Securities has completed the sale of CPM Holdings, a global leader in highly engineered processing equipment for oilseed, animal feed, renewable energy, and plant-based food applications, to Rosebank Industries for approximately $2.1 billion — representing roughly 12x 2025 EBITDA — following a seven-year ownership period during which CPM expanded its aftermarket and recurring revenue offerings and grew its presence in renewable energy. The deal is part of Rosebank's simultaneous acquisition of both CPM and MW Components from American Securities for a combined $3.05 billion, as the London-listed industrial acquirer pursues its "Buy, Improve, Sell" strategy targeting 6–7 percentage points of operating margin improvement across both businesses.
- Transaction Date: 5/12/2026
- Type: Venture
- Sector: Health Care
- Transaction Value: $2.1B
- Participants: Thrive Capital
Isomorphic Labs, an AI-first drug design and development company founded by DeepMind CEO Sir Demis Hassabis, has raised $2.1 billion in a Series B round led by Thrive Capital with participation from Alphabet, GV, MGX, Temasek, CapitalG, and the UK Sovereign AI Fund. The proceeds will scale the company's AI Drug Design Engine (IsoDDE) and accelerate its pipeline of therapeutic programs toward the clinic, building on strategic partnerships with Novartis, Lilly, and Johnson & Johnson as Isomorphic pursues its mission to apply AI-driven drug discovery at global scale.
- Transaction Date: 5/11/2026
- Type: Acquisition/Merger
- Sector: Communication Services
- Transaction Value: $1.5B
- Participants: Apollo
Apollo has agreed to acquire both Emerald Holding and Questex in separate all-cash transactions — with Emerald valued at approximately $1.5 billion at $5.03 per share, representing a 42% premium to its unaffected share price — with the intention of combining the two companies to create a leading North American B2B experiential events and media platform with approximately 160 events across complementary end markets. The combined business pairs Emerald's category-leading trade shows with Questex's differentiated events portfolio and year-round digital engagement model, positioning the platform to capitalize on growing demand for in-person professional gatherings in an increasingly AI-driven world.
- Transaction Date: 5/11/2026
- Type: Growth Equity
- Sector: Energy
- Transaction Value: $1B
- Participants: Blackstone, Haliburton
VoltaGrid, a behind-the-meter power generation company serving AI data centers and industrial applications, has secured a $1 billion strategic equity investment from Blackstone Tactical Opportunities and Halliburton — comprising $775 million in primary capital and $225 million in secondary purchases — while simultaneously agreeing to acquire key supplier Propell Energy Technology to vertically integrate its manufacturing capabilities. The combined transactions strengthen VoltaGrid's ~7.5 GW order book through 2030 by securing supply chain control and adding Propell's ~1,000-person engineering and manufacturing workforce, with plans to expand Propell's Texas facilities to approximately 300 MW per month of production capacity.
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.
