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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.
- Transaction Date: 9/14/2026
- Type: Buyout/Private Equity
- Sector: Financials
- Transaction Value: $7.7B
- Participants: Sequence Holdings, DFO Management (Dell Family Office)
The Baldwin Group will be taken private by Sequence Holdings and the Dell family's DFO Management in an all-cash transaction valued at approximately $7.7 billion enterprise value (4.6 billion equity purchase price plus ~$3.1 billion assumed/refinanced net debt) — roughly 20x Baldwin's trailing-twelve-month Adjusted EBITDA. Baldwin shareholders will receive $32.50 per share, an 88% premium to the unaffected price, while eligible employees will retain a minority equity stake through a rollover arrangement. The deal, unanimously approved by Baldwin's board following a special committee review, is expected to close in Q1 2027, subject to shareholder and regulatory approvals, after which Baldwin will delist from Nasdaq.
- Transaction Date: 9/22/2026
- Type: Buyout/Private Equity
- Sector: Industrials
- Transaction Value: $6.6B
- Participants: Blackstone Inc, EQT Group
Platinum Equity has completed the sale of Urbaser, a Madrid-based global environmental infrastructure platform, to Blackstone and EQT for approximately $6.6 billion (€5.6 billion), with Platinum retaining Urbaser's Argentina waste management business. The deal follows a five-year transformation under Platinum's ownership — acquired in 2021 for roughly $4.2 billion — during which revenue grew more than 60% and EBITDA 70%, driven by 20 add-on acquisitions, 13 divestitures, and €1.6 billion invested in capex and M&A. The transaction has already closed following receipt of regulatory approvals.
- Transaction Date: 9/17/2026
- Type: Growth Equity
- Sector: Information Technology
- Transaction Value: $3.9B
- Participants: N/A
This $3.9 billion Series F (at a $30.9 billion post-money valuation) is an extreme outlier in size for hardware/industrials, and given the company's stated buildout of AI factory campuses, modular Spark units, and over $140 billion in total contracted value, runway likely extends well beyond the typical 24–30 month window—plausibly 36+ months given the scale of capital deployed into energy and infrastructure buildout. Next raise, if needed, is more likely tied to capacity-delivery milestones (contracted GW energized, new campus completions) than a fixed timeline.
- Transaction Date: 9/16/2026
- Type: Growth Equity
- Sector: Health Care
- Transaction Value: $3.4B
- Participants: N/A
Apollo-managed funds, joined by KKR as a minority participant, have closed a €3 billion capital solution for Bayer, investing equity into a newly established entity holding Bayer's long-acting reversible contraceptives (LARC) business. Bayer retains majority ownership and full operational control, with no changes to its LARC strategy as a result of the investment. The transaction has already closed, forming part of Apollo's broader commitment to deploy more than $100 billion in Germany over the next decade.
- Transaction Date: 9/23/2026
- Type: Acquisition/Merger
- Sector: Consumer Discretionary
- Transaction Value: $3B
- Participants: Royal Caribbean Group
Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion — roughly 10x forward EBITDA — funded through committed debt financing from Morgan Stanley. The joint venture pairs Sandals and Beaches' all-inclusive Caribbean resort portfolio with Royal Caribbean's cruise and destination brands, with the companies' existing reservations, loyalty programs, and operations continuing unchanged while a shared board governs the partnership under co-leadership from Jason Liberty and Adam Stewart. The transaction is expected to close in early 2027, subject to customary approvals, and is expected to be accretive to earnings next year.
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- Transaction Date: 9/15/2026
- Type: Buyout/Private Equity
- Sector: Industrials
- Transaction Value: $2.8B
- Participants: Brookfield Asset Management Ltd
Brookfield has agreed to acquire 100% of Reliance Worldwide Corporation, a global manufacturer of plumbing and heating solutions, for US $3.38 per share in cash — an enterprise value of approximately US 2.8 billion. The deal strengthens Brookfield's position in industrials and the US housing ecosystem, leveraging Reliance's market leadership in push-to-connect plumbing fittings and recurring replacement demand across the Americas, EMEA, and APAC. The transaction is subject to shareholder, regulatory, and government approvals, with closing expected in Q1 2027.
- Transaction Date: 9/21/2026
- Type: Acquisition/Merger
- Sector: Information Technology
- Transaction Value: $2.4B
- Participants: Newcleo Futureable Energy
This $247 million raise (via SPAC merger with NewHold, bringing total funds raised since 2021 to over $1 billion, at a $2.4 billion pre-money valuation) is substantial for hardware/industrials, though given the capital-intensive, long-horizon nature of nuclear reactor and fuel facility development, runway likely falls within the typical 24–30 month window rather than meaningfully exceeding it—primary burn drivers being the Italian demonstrator completion and ongoing US/French regulatory engagement. Next raise, if needed, is more likely tied to regulatory/licensing milestones (ASNR's LFR safety assessment expected by end of 2026, NRC pre-application progress) or first commercial project financings than a fixed timeline.
- Transaction Date: 9/21/2026
- Type: Acquisition/Merger
- Sector: Health Care
- Transaction Value: $2.348B
- Participants: Telix Pharmaceuticals Limited
Telix Pharmaceuticals will acquire 100% of ITM Isotope Technologies Munich for total potential consideration of up to $2.35 billion — $1.65 billion upfront (1.25 billion in Telix shares, $302 million assumed debt, $96 million rollover/expenses) plus up to $700 million in milestone payments tied to FDA approvals and sales targets for ITM's lead asset, ITM-11, through 2031. The merger creates a vertically integrated radiopharmaceutical leader with pro forma 2026 revenue expected to exceed $1.3 billion, with Telix shareholders owning ~76.3% and ITM shareholders ~23.7% of the combined company. The deal is expected to close by the end of FY2026, subject to shareholder and regulatory approvals.
- Transaction Date: 9/14/2026
- Type: Credit
- Sector: Real Estate
- Transaction Value: $2B
- Participants: N/A
Vantage has closed a $2 billion financing facility, structured as a five-year revolving credit platform with extension options, to support early-stage development across its North American data center infrastructure platform. The facility, backed by an initial collateral pool of three development assets with the ability to contribute additional assets over time, was arranged by Evercore and Wells Fargo Securities with participation from a dozen insurance and institutional investors. This builds on Vantage's broader capital strategy, which has seen the company close on more than $40 billion of capital this year to support global growth and diversify funding sources.
- Transaction Date: 9/22/2026
- Type: Acquisition/Merger
- Sector: Energy
- Transaction Value: $1.7B
- Participants: Talos Energy Inc, Ridgewood Energy Corporation
Talos Energy has completed its bolt-on acquisition of Gulf of America deepwater assets jointly with an affiliate of Ridgewood Energy, acquiring from Shell for total cash consideration of $850 million (net to Talos), with Talos' final net cash consideration expected at approximately $450-500 million after accounting for interim cash flow credits. The acquired assets — a 50% working interest and operatorship in the Coulomb field plus a 25% non-operated interest in the Na Kika platform and associated fields — add roughly 23 MMBoe of proved reserves and 16 MBoe/d of production (~77% oil), funded through a combination of cash on hand and debt, including $150 million in incremental lender commitments that expand Talos' borrowing base to $850 million. The transaction has already closed.
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.
