Top 10 Transactions (October 19 - 30)

Top 10 Transactions (October 19 - 30)
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Data sourced from Dakota Private Markets, the private fund performance platform powered by Dakota. Learn More | Request Access

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 Private Markets, 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. Maplebear Inc - Strategic Acquisition

  • Transaction Date: 10/29/2026
  • Type: Acquisition/Merger
  • Sector: Consumer Staples
  • Transaction Value: $17B
  • Participants: DoorDash Inc

DoorDash has agreed to acquire a majority stake in Instacart in a deal valued at approximately USD 17 billion, with stockholders receiving USD 65.00 per share, a 26% premium to the October 22, 2026 closing price. At least 75% of the consideration will be paid in cash, and stockholders can elect cash, DoorDash stock, or a combination, with stock capped at 25% of the total. DoorDash plans to keep Instacart’s brand and app. The board unanimously approved the deal, and closing is expected by the end of 2027 or in the first half of 2028.

2. DeepSeek - Not Disclosed

  • Transaction Date: 10/22/2026
  • Type: Venture
  • Sector: Information Technology
  • Transaction Value: $15B
  • Participants: N/A

DeepSeek raised venture financing of USD 14.98 billion (RMB 100 billion) at an enterprise value of roughly USD 75 billion. Investors include CATL, Tencent, Boyu Capital, CPE, Legend Capital, IDG Capital, GigaDevice, Meituan, and Geely. The round was upsized from an initial RMB 50 billion target to RMB 80 billion before reaching its final size, and it was announced and completed on October 22, 2026. The Hangzhou-based open-source AI developer plans to use the capital for AI data centers and model development as it competes with Anthropic and OpenAI, and it is preparing for an IPO.

3. Trench Group - Carve-Out / Divestiture

  • Transaction Date: 10/28/2026
  • Type: Acquisition/Merger
  • Sector: Industrials
  • Transaction Value: $9B
  • Participants: GE Vernova Inc

GE Vernova has agreed to acquire Trench Group, a global leader in high-voltage grid equipment, from Triton Partners for USD 9 billion, funded equally with cash and debt. The deal expands GE Vernova’s Electrification capabilities and geographic reach and vertically integrates an existing supplier. It is expected to close in late 2027, subject to customary regulatory approvals and employee representative consultation where required.

4. ADT Inc - Take-Private / Public-to-Private

  • Transaction Date: 10/29/2026
  • Type: Buyout/Private Equity
  • Sector: Industrials
  • Transaction Value: $7.6B
  • Participants: Thrive Holdings

Thrive Holdings has agreed to take ADT private in an all-cash deal valued at about USD 7.6 billion in equity value and USD 15.3 billion in enterprise value, with stockholders receiving USD 10.00 per share. Financing is committed solely by Apollo-managed funds, with no financing condition. The deal is expected to close in Q1 2027, subject to stockholder and U.S. antitrust approval, after which ADT will delist from the NYSE.

5. Cogentrix Energy - Strategic Acquisition

  • Transaction Date: 10/30/2026
  • Type: Acquisition/Merger
  • Sector: Utilities
  • Transaction Value: $4.7B
  • Participants: Vistra Corp

Vistra has completed its acquisition of Cogentrix Energy, 10 natural gas generation facilities totaling about 5,500 MW across PJM, ISO New England, and ERCOT, from Quantum Capital Group funds. The net purchase price was about USD 4.0 billion (roughly 7.25x 2027 expected Adjusted EBITDA), made up of about USD 2.3 billion in cash, USD 0.9 billion in Vistra stock, and USD 1.5 billion of assumed debt, less USD 0.7 billion in expected tax benefits. The deal closed following all required regulatory approvals.

Track deals like these as they happen. Request access to filter Dakota Private Markets transaction data by sector, deal type, and size.

6. Iveco Group - Strategic Acquisition

  • Transaction Date: 10/30/2026
  • Type: Acquisition/Merger
  • Sector: Consumer Discretionary
  • Transaction Value: $4.2B
  • Participants: TML CV Holdings B.V., Tata Motors Limited

TML CV Holdings B.V., backed by Tata Motors, has completed its cash tender offer for Iveco Group at EUR 14.4 per share including dividend, a transaction value of USD 4.25 billion. It now holds about 89.42% of Iveco’s common share capital, with Exor selling its minority stake. The acceptance period reopens from November 2 to 6, 2026, with settlement on November 13, and further post-offer steps such as a squeeze-out will be communicated in due course.

7. Octus (Formerly Reorg) - Carve-Out / Divestiture

  • Transaction Date: 10/22/2026
  • Type: Acquisition/Merger
  • Sector: Financials
  • Transaction Value: $3.535B
  • Participants: LSEG plc

LSEG has agreed to acquire Octus, a credit intelligence, data and workflow provider, from Permira Funds in an all-cash deal valued at USD 3.535 billion. Permira acquired Octus in 2022 and more than tripled its ARR over the hold. The transaction is subject to customary regulatory approvals and conditions.

8. Korai Flix Inc. - Reverse Merger

  • Transaction Date: 10/21/2026
  • Type: Acquisition/Merger
  • Sector: Communication Services
  • Transaction Value: $3.5B
  • Participants: APEX Tech Acquisition Inc.

APEX Tech Acquisition Inc., a blank check company, has agreed to acquire Korai Flix Inc., an AI-powered interactive entertainment platform, through a merger valuing Korai Flix at USD 3.5 billion pre-money, with no minimum cash condition. Consideration will be paid in Class A and Class B common stock, and the combined company is expected to be renamed Krflix Group Inc. and list on the NYSE. The deal is expected to close in Q1 2027, subject to shareholder and regulatory approvals.

9. Trivium Packaging - Strategic Acquisition

  • Transaction Date: 10/19/2026
  • Type: Acquisition/Merger
  • Sector: Materials
  • Transaction Value: $3.4B
  • Participants: Silgan Holdings Inc., American Industrial Partners

Silgan Holdings and American Industrial Partners have agreed to acquire Trivium Packaging at an enterprise value of USD 3.4 billion, with Silgan taking a majority stake and AIP a minority stake. The sellers are Ontario Teachers’ Pension Plan and Ardagh Group (minority stake). The deal is expected to close in mid-2027.

10. Kling AI - Not Disclosed

  • Transaction Date: 10/30/2026
  • Type: Venture
  • Sector: Information Technology
  • Transaction Value: $2.98B
  • Participants: N/A

Beijing Kling, maker of Kling AI, completed a funding round with a transaction value of approximately USD 2.98 billion (RMB 19.8 billion), announced and closed on October 30, 2026. Investors include a unit of Kingdee International, Gongqingcheng Junke, and a unit of MetaX. Kuaishou Technology will hold two-thirds of the equity and 52.45% of the voting rights through its Lucky L entity.

Transactions in Dakota Private Markets

At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Dakota Private Markets, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota 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, request access to Dakota Private Markets.

Cate Costin, Marketing Associate

Written By: Cate Costin, Marketing Associate