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: 5/3/2026
- Type: Acquisition/Merger
- Sector: Consumer Discretionary
- Transaction Value: $6.3B
- Participants: Long Lake
Long Lake Management has agreed to acquire American Express Global Business Travel for $9.50 per share in an all-cash transaction valued at approximately $6.3 billion, representing a 60% premium to Amex GBT's closing price prior to announcement, with major shareholders including American Express, Expedia, Qatar Investment Authority, and BlackRock supporting the deal. The acquisition, backed by General Catalyst and Alpha Wave, aims to combine Long Lake's applied AI capabilities with Amex GBT's global corporate travel platform to modernize the business travel experience.
- Transaction Date: 5/5/2026
- Type: Acquisition/Merger
- Sector: Communication Services
- Transaction Value: $5.38B
- Participants: Vodafone
Vodafone has agreed to acquire CK Hutchison's 49% stake in VodafoneThree for £4.3 billion in cash, taking full ownership of the UK's largest mobile operator at an implied enterprise value of £13.85 billion. The buyout, coming roughly a year after the merger of Vodafone UK and Three UK, accelerates Vodafone's ability to build out the UK's best 5G network and capture the £700 million in annual cost and capex synergies targeted by FY30.
- Transaction Date: 5/6/2026
- Type: Acquisition/Merger
- Sector: Information Technology
- Transaction Value: $5B
- Participants: AMETEK
AMETEK has agreed to acquire a portfolio of instrumentation businesses from Indicor in an all-cash transaction valued at approximately $5.0 billion, adding a group of mission-critical industrial and scientific measurement solutions that generate approximately $1.1 billion in annual sales. The deal, which will be integrated into AMETEK's existing Electronic Instruments and Electromechanical Groups, expands AMETEK's differentiated instrumentation portfolio with businesses generating substantial recurring revenue from consumables, services, and aftermarket support.
- Transaction Date: 5/4/2026
- Type: Buyout/Private Equity
- Sector: Industrials
- Transaction Value: $3B
- Participants: Hubbell
Hubbell has agreed to acquire NSI Industries, a leading manufacturer of electrical fittings, connectors, components, and wire management products, from Sentinel Capital Partners for $3.0 billion in cash — representing approximately 15.5x anticipated 2026 EBITDA — adding a business with approximately $570 million in anticipated 2026 revenue to its Electrical Solutions portfolio. The deal strengthens Hubbell's position across high-growth electrification verticals including light industrial, data center, and network infrastructure applications, and is expected to be accretive to adjusted EPS in 2026.
- Transaction Date: 5/6/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $2.45B
- Participants: Bayer
Bayer has agreed to acquire Perfuse Therapeutics for a total potential value of up to $2.45 billion — comprising $300 million upfront and additional development, regulatory, and commercial milestone payments — adding PER-001, a Phase II small molecule endothelin receptor antagonist being developed for glaucoma and diabetic retinopathy. The deal strengthens Bayer's ophthalmology pipeline with a potentially first-of-its-kind neuroprotective treatment targeting two of the world's leading causes of blindness, which together affect an estimated 220 million people globally.
- Transaction Date: 5/5/2026
- Type: Buyout/Private Equity
- Sector: Financials
- Transaction Value: $2.35B
- Participants: Bullish
Bullish, an institutional digital asset platform, has agreed to acquire Equiniti, a global transfer agent serving nearly 3,000 blue-chip issuer clients and processing $500 billion in annual payments, from Siris Capital for $4.2 billion — comprising $1.85 billion in assumed debt and approximately $2.35 billion in Bullish stock. The combination creates the first fully integrated blockchain-enabled transfer agent platform, positioning the combined entity to lead the shift toward tokenized securities by unifying Equiniti's regulated transfer agent infrastructure with Bullish's end-to-end tokenization, trading, and media capabilities across capital markets.
- Transaction Date: 5/3/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $2.2B
- Participants: UCB
UCB has agreed to acquire Candid Therapeutics, a clinical-stage biotech developing novel T-cell engagers for autoimmune diseases, for up to $2.2 billion — comprising $2 billion upfront and up to $200 million in contingent milestone payments. The deal adds cizutamig, a potentially best-in-class BCMA-targeting bispecific antibody currently in Phase 1 studies across more than 10 autoimmune indications, to UCB's immunology pipeline as part of its broader platform-driven strategy to achieve immune reset in severe, antibody-mediated autoimmune diseases.
- Transaction Date: 5/5/2026
- Type: Buyout/Private Equity
- Sector: Industrials
- Transaction Value: $2.025B
- Participants: VSE Corporation
VSE Corporation has completed its acquisition of Precision Aviation Group, a global provider of aviation MRO, distribution, and supply chain services, from GenNx360 Capital Partners for approximately $2.025 billion in cash and equity. The deal adds PAG's 29 locations, 10,000+ global customers, and approximately $615 million in 2025 adjusted revenue to VSE's platform, creating a scaled independent aviation aftermarket pure-play with expanded engine, component, avionics, and proprietary repair capabilities across commercial, business and general aviation, rotorcraft, and defense end markets.
- Transaction Date: 5/4/2026
- Type: Buyout/Private Equity
- Sector: Information Technology
- Transaction Value: $1.65B
- Participants: Lattice
Lattice Semiconductor has agreed to acquire AMI, the leader in platform firmware and infrastructure manageability for cloud and AI, from THL Partners for $1.65 billion in a cash and stock transaction, combining Lattice's low-power FPGAs with AMI's firmware and manageability solutions to create the industry's most complete secure management and control platform. The deal, which is expected to be immediately accretive to gross margin, free cash flow, and non-GAAP EPS, adds over $200 million in expected 2026 revenue and supports Lattice's trajectory toward a $1 billion+ annual revenue run rate by year-end 2026.
- Transaction Date: 5/5/2026
- Type: Acquisition/Merger
- Sector: N/A
- Transaction Value: $1.4B
- Participants: KKR
KKR has completed its acquisition of Arctos Partners, the largest institutional investor in professional sports franchise stakes and a leading GP solutions platform managing approximately $16 billion in AUM, in a transaction valued at $1.4 billion in initial consideration plus up to $550 million in additional performance-tied equity. The deal establishes KKR Solutions, a new business led by Arctos co-founder Ian Charles that combines Arctos' sports investing and GP solutions platforms with a scaled multi-asset class secondaries business KKR plans to build over time.
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.
