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: 5/26/2026
- Type: Acquisition/Merger
- Sector: Information Technology
- Transaction Value: $3.5B
- Participants: Terra Quantum
Terra Quantum, a Switzerland-based quantum technology company offering quantum computing, quantum security, and AI-driven optimization solutions, has agreed to go public through a business combination with Axiom Intelligence Acquisition Corp 1 at an equity valuation of approximately $3.5 billion, with the combined company expected to trade on Nasdaq under the ticker "TQ." The transaction is expected to deliver up to approximately $190 million in gross proceeds to fund R&D, enterprise sales expansion, strategic acquisitions, and geographic growth across North America, Europe, the Middle East, and Asia-Pacific, with existing Terra Quantum shareholders retaining approximately 92% ownership upon closing.
- Transaction Date: 5/25/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $2.4B
- Participants: Jardine Matheson
Permira has agreed to sell I-MED Radiology Network, Australia's largest diagnostic imaging services provider, to Jardine Matheson Holdings for a total enterprise value of AUS$3.4 billion, following a seven-year ownership period during which I-MED expanded to 215 clinics performing over seven million patient procedures annually and became one of the earliest and most ambitious adopters of AI in radiology globally through its Harrison.ai joint venture. The deal marks a strong exit for Permira as it continues a record period of distributions in 2026, with Jardine Matheson acquiring a market-leading healthcare platform with plans to support further expansion in I-MED's core Australian and New Zealand markets as well as new geographies.
- Transaction Date: 5/26/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $1.55B
- Participants: Eli Lilly
Lilly has agreed to acquire Vaccine Company for up to $1.55 billion, adding a proprietary In Vivo Nanoparticle vaccine technology platform with a Phase 1-ready five-antigen Epstein-Barr Virus candidate that could prevent not only acute infectious mononucleosis but also the long-term neurological and oncological consequences linked to EBV infection, including multiple sclerosis and several malignancies.
- Transaction Date: 5/26/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $1.5B
- Participants: Eli Lilly
Lilly has agreed to acquire Curevo for up to $1.5 billion, adding amezosvatein, a next-generation shingles vaccine that matched immune response against the current standard of care in Phase 2 trials while reducing side effects by more than half, potentially expanding vaccination rates and reducing downstream risks of stroke and dementia at a population level.
- Transaction Date: 5/26/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $780M
- Participants: Eli Lilly
Lilly has agreed to acquire LimmaTech Biologics for up to $780 million, adding a proprietary vaccine platform targeting antimicrobial-resistant bacterial pathogens including S. aureus, N. gonorrhoeae, and C. trachomatis, with a lead Phase 1 program targeting S. aureus — the leading cause of surgical-site infection.
- Transaction Date: 5/26/2026
- Type: Acquisition/Merger
- Sector: Industrials
- Transaction Value: $350M
- Participants: Global-e
Global-e Online has agreed to acquire Passport Global, a U.S.-based cross-border e-commerce logistics company, for $350 million in upfront consideration — split roughly equally between cash and Global-e shares — plus up to $75 million in contingent consideration tied to 2026 performance. The deal adds Passport's asset-light multi-carrier logistics network and non-Merchant of Record capabilities to Global-e's platform, strengthening its end-to-end cross-border e-commerce offering across fulfillment, delivery, returns, and customs brokerage, with Passport expected to generate approximately $100 million in 2026 revenues.
- Transaction Date: 5/26/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $270M
- Participants: Olympus
Olympus has agreed to acquire BioProtect, an Israel-based medical device company, for $270 million, adding its biodegradable Balloon Spacer system — designed to protect healthy tissue during prostate cancer radiation therapy and already used in more than 11,000 procedures worldwide since its 2023 commercial launch. The deal expands Olympus' oncology and urology portfolio as prostate cancer remains the second most diagnosed cancer in men globally, with an estimated 1.5 million new diagnoses annually and a growing rectal spacer market projected for strong expansion over the next decade.
- Transaction Date: 5/26/2026
- Type: Acquisition/Merger
- Sector: Energy
- Transaction Value: $259M
- Participants: Northern Oil and Gas
Northern Oil and Gas has agreed to acquire a 25% non-operated undivided interest in Parallax Energy's Light-Oil Duvernay Shale assets in Alberta, Canada for approximately CA$350 million (~US$259 million), marking NOG's strategic entry into Canada with ~75,000 net acres, ~500 gross drilling locations, and approximately 4,000 Boe per day of expected 2027 production at breakevens below $50 WTI. The transaction, funded through a combination of NOG common stock (~CA$113 million) and cash, is accompanied by a long-term Joint Development Agreement with Parallax and is expected to be accretive across key per-share metrics while adding approximately 20 years of high-quality, low-cost light oil inventory.
- Transaction Date: 5/26/2026
- Type: Growth Equity
- Sector: Industrials
- Transaction Value: $250M
- Participants: N/A
Claude responded: Stord, an Atlanta-based commerce fulfillment platform combining physical infrastructure, software, and AI, has raised $250 million in a Series F round at a $3 …Stord, an Atlanta-based commerce fulfillment platform combining physical infrastructure, software, and AI, has raised $250 million in a Series F round at a $3 billion valuation led by existing investors including Strike Capital, Kleiner Perkins, Founders Fund, and Franklin Templeton. The capital will advance Stord Labs, a dedicated physical AI and robotics lab building agentic AI and automation against live fulfillment operations across nearly 100 facilities processing over $15 billion in annual GMV — as the company, which has grown revenue approximately 10x over four years, positions itself as the physical intelligence layer enabling independent brands to compete with Amazon's consumer experience.
- Transaction Date: 5/26/2026
- Type: Acquisition/Merger
- Sector: Information Technology
- Transaction Value: $225M
- Participants: I Squared Capital
I Squared Capital has agreed to acquire a portfolio of ten data center facilities from Cogent Communications for $225 million in cash, seeding a new U.S. AI inference and edge colocation platform spanning approximately 53 megawatts of installed power capacity and 259,000 square feet across nine major markets including Chicago, Atlanta, Phoenix, and Los Angeles. I Squared has committed up to $1 billion to grow the platform through capital investment and additional acquisitions, targeting the accelerating demand for high-density, low-latency infrastructure as AI shifts from the training phase into everyday inference workloads.
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.
