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. Soulpower Acquisition Corporation - Reverse Merger
- Transaction Date: 11/24/2025
- Type: Merger and Acquisition
- Sector: Financials
- Transaction Value: $8.1B
- Participants: SWB LLC
Soulpower Acquisition Corporation has signed a definitive agreement to merge with SWB LLC in an $8.1 billion transaction that will take SWB public as SWB Holdings and launch the new global financial services and stablecoin platform SOUL WORLD BANK™. The deal includes major real-world asset contributions, a strategic partnership with Animoca Brands to develop a cross-border stablecoin, and a $5 billion committed equity facility to support future growth. Following closing, expected in early 2026, the combined company will trade under the ticker SOUL, led by CEO Justin Lafazan, and aims to build an AI-driven, tokenization-enabled international banking ecosystem.
2. Ampere Computing Holdings - Strategic Acquisition
- Transaction Date: 11/26/2025
- Type: Merger & Acquisition
- Sector: Information Technology
- Transaction Value: $6.5B
- Participants: SoftBank Group
SoftBank Group has acquired Ampere Computing in an all-cash $6.5 billion deal, making the semiconductor and AI-compute company a wholly owned subsidiary while retaining the Ampere name and leadership team. The acquisition strengthens SoftBank’s expanding AI infrastructure strategy, alongside initiatives like Cristal Intelligence and Stargate, by adding Ampere’s high-performance Arm processors and sustainable AI compute capabilities. Following regulatory approvals and final closing in late 2025, Ampere will be fully integrated into SoftBank’s consolidated financials and continue operating from its Santa Clara headquarters as a core driver of SoftBank’s AI ambitions.
3. Ampiron - Joint Venture
- Transaction Date: 11/26/2025
- Type: Growth Equity
- Sector: Utilities
- Transaction Value: $3.7B
- Participants: Apollo, RWE
RWE and Apollo Global Management have closed their partnership to support long-term investment in Amprion, one of Germany’s major transmission system operators, by forming a joint venture that now holds RWE’s 25.1% stake. Apollo contributed €3.2 billion in equity, which the partners will reinvest over the next decade to fund Amprion’s large-scale grid expansion needed for Germany’s energy transition. RWE retains operational control of the joint venture—as well as management of the Amprion stake—while consolidating the JV into its financial statements following regulatory approval.
4. National Storage REIT - Take-Private
- Transaction Date: 11/26/2025
- Type: Buyout/Private Equity
- Sector: Real Estate
- Transaction Value: $2.61B
- Participants: Brookfield, GIC
A Brookfield and GIC-led consortium has submitted a A$4.02 billion offer to acquire National Storage REIT, valuing the company at A$2.86 per share—a 26.5% premium and potentially Australia’s largest-ever real estate take-private. The bid highlights accelerating private-capital interest in the self-storage sector, driven by resilient, non-cyclical demand, and gives Brookfield a strategic position in a market where National Storage’s 270+ sites and 10% stake in Abacus Storage King offer meaningful consolidation leverage. National Storage has granted exclusive due diligence through 7 December, positioning the deal as a major milestone in Australia’s evolving real estate landscape if finalized.
5. Vantage Data Centers (Asia Pacific Platforms) - Minority
- Transaction Date: 11/23/2025
- Type: Growth Equity
- Sector: Real Estate
- Transaction Value: $1.6B
- Participants: GIC, Abu Dhabi Investment Authority (ADIA)
Vantage Data Centers has finalized a $1.6 billion investment from GIC and ADIA and used part of the capital to acquire Yondr’s 300MW+ hyperscale campus in Johor, Malaysia. The transaction expands Vantage’s APAC platform to 1GW of planned and operational capacity across key regional markets. The Johor acquisition enhances connectivity to major hubs like Singapore and strengthens Vantage’s ability to meet rapidly growing AI and cloud infrastructure demand.
6. Green Dot Corporation - Strategic Acquisition
- Transaction Date: 11/24/2025
- Type: Mergers & Acquisitions
- Sector: Industrials
- Transaction Value: $1.1B
- Participants: Smith Ventures, CommerceOne
Green Dot Corporation announced a pair of strategic transactions in which Smith Ventures will acquire and privatize Green Dot’s non-bank fintech operations, while CommerceOne Financial Corp. will acquire Green Dot Bank and form a new publicly traded bank holding company. Green Dot shareholders will receive $8.11 in cash plus shares in the newly formed bank holding company, while Smith Ventures purchases the fintech assets for $690 million, with part of the proceeds reinvested into the bank to strengthen capital and liquidity. The deals, expected to close in Q2 2026, create a streamlined fintech business paired with a well-capitalized sponsor bank, positioning both entities for expanded growth across digital banking and embedded finance.
7. Cinven - Direct Lending
- Transaction Date: 11/25/2025
- Type: Credit
- Sector: N/A
- Transaction Value: $807M
- Participants: Crédit Agricole CIB, Citi, Mizuho, UBS
Banks are arranging a €700m+ leveraged loan to support Cinven’s acquisition of a majority stake in Spanish private university Universidad Alfonso X El Sabio, adding momentum to a strong year-end pipeline of buyout financing. Crédit Agricole CIB, Citi, Mizuho, and UBS are leading the transaction. The loan will form a core component of the capital structure backing Cinven’s investment.
8. X-Energy Reactor Company - Series D
- Transaction Date: 11/24/2025
- Type: Growth Equity
- Sector: Energy
- Transaction Value: $700M
- Participants: Jane Street, Ares Management, ARK, Corner Capital, Emerson Collective
X-energy has closed an oversubscribed $700 million Series D round led by Jane Street, bringing in major new investors such as ARK Invest, Point72, and XTX Ventures alongside existing backers including Ares and Emerson Collective. The capital will accelerate commercialization of the company's Xe-100 advanced small modular reactors and TRISO-X fuel, supporting a commercial pipeline exceeding 11 GW across projects with Dow, Amazon, and Centrica. The funding strengthens X-energy’s supply chain, deployment partnerships, and fuel-fabrication capabilities as it scales next-generation nuclear solutions to meet rising global energy demand.
9. Ethniki Insurance - Strategic Acquisition
- Transaction Date: 11/27/2025
- Type: Merger & Acquisition
- Sector: Financials
- Transaction Value: $651.14M
- Participants: Piraues Bank
Piraeus Bank has completed its €600 million all-cash acquisition of Ethniki Insurance from CVC Capital Partners and National Bank of Greece, taking full ownership of one of the country’s largest and oldest insurers. The deal strengthens Piraeus Group’s capital position—expected to reach a ~19% total capital ratio at year-end 2025—and significantly diversifies its revenue by integrating a market-leading insurer with 1.8 million customers and €850 million in GWP. The acquisition positions Piraeus as a more comprehensive financial services provider across banking, protection, and investment solutions ahead of a broader strategic outlook planned for early 2026.
10. Koch Filter - Strategic Acquisition
- Transaction Date: 11/24/2025
- Type: Merger & Acquisition
- Sector: Industrials
- Transaction Value: $450M
- Participants: Atmus Filtration
Atmus Filtration Technologies has agreed to acquire Koch Filter Corporation for $450 million in cash, expanding Atmus into industrial air filtration and strengthening its presence across HVAC, data centers, and power generation markets. Koch Filter generated $156 million in FY2025 revenue, and the deal is expected to be accretive to Atmus’ adjusted earnings and margins in 2026, with high-single-digit ROIC targeted by 2028. The acquisition adds a broad portfolio of mission-critical filtration products and long-standing customer relationships, positioning Atmus for accelerated growth once the transaction closes in early 2026.
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.
