Investors in July concentrated capital into infrastructure mega-funds and AI platforms, signaling long term conviction even amid elevated rates. The July 2025 Dakota Monthly Roundup covers a $25B infrastructure close, $23B+ in AI raises, and investor positioning trends across private equity, credit, and real assets.
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Abu Dhabi’s Mubadala Capital closed its CAD 12.1B ($8.76B) take-private transaction of CI Financial, cementing a massive $430B+ asset management footprint that includes Corient Private Wealth in the US.
In sports, the NBA greenlit the $6.1B sale of the Boston Celtics to a star-studded investment group led by Symphony Technology Group’s Bill Chisholm, with Sixth Street, Aditya Mittal and others joining the roster.
Over in energy, Centrica and Energy Capital Partners are teaming up to buy the UK’s Grain LNG terminal from National Grid for £1.5B ($2B), splitting ownership 50/50.
In music rights, Chord Music Partners, backed by Universal Music Group and Dundee Partners, has raised $2B+ for acquisitions, eyeing a total of $3B to $4B.
And in healthcare, THL Partners will acquire clinical trial site network Headlands Research from KKR, adding another major player to its portfolio.
Read on for a full rundown of all the latest transaction news.
Arcadea Group-backed Vellox Group acquired ADSoftware (ADS), a French IT firm specializing in software for aircraft maintenance and Continuing Airworthiness Management Organization (CAMO). The acquisition allows Vellox to expand its capabilities into the maintenance sector. Source
Technology investment firm Seroda Ventures made a majority investment in Google Cloud pure-play consulting firm Evonence. Under the transaction, Evonence will merge with Seroda-incubated system integrator Cloudnyx.ai. The combined company will operate under the Cloudnyx.ai brand and will be led by Vijay Shah, the founder and CEO of Evonence. Financial terms were not disclosed. Source
Summit Partners-backed Invicti acquired application security company Kondukto for an undisclosed amount. The transaction would allow Invicti to combine its application security testing capabilities with Kondukto’s application security posture management. Source
Reflection AI, a New York-based startup founded by former DeepMind researchers, is reportedly in talks to raise over $1B to develop open-source large language models, with an aim to compete with models like DeepSeek, Mistral and Meta. Investors in Reflection AI’s previous funding rounds include Sequoia Capital, Lightspeed Venture Partners, CRV and SV Angel. Source
Private equity firm Thoma Bravo reportedly held talks with private credit lenders to raise $600M in debt to finance its $2B acquisition of hospitality software company Olo. Thoma Bravo agreed to acquire Olo and take the company private for $10.25 a share in a cash transaction, which is set to close by the end of the year. Source
Silver Point Capital-backed Bending Spoons raised €500M ($585M) in debt, including a €350M leverage loan, to complete another acquisition by early 2026. JPMorgan Chase & Co. led the debt round, while book runners included BNP Paribas and Credit Agricole. Source
Toronto-based AI startup Cohere raised $500M in a new funding round led by Radical Ventures and Inovia Capital, boosting its valuation to $6.8B from $5.5B. The financing round, which also included existing investors Nvidia and AMD Ventures, will be used to compete with rival enterprise AI firms like OpenAI and Anthropic. 1, 2
Brain-computer interface technology startup Merge Labs reportedly plans to raise $250M at a $850M valuation. OpenAI’s venture arm OpenAI Startup Fund is expected to lead the funding round with the biggest investment. Source
New York-based AI holding company Titan raised $74M in funding led by General Catalyst. The company also acquired RFA, a managed service provider for the financial services industry. Financial terms of the acquisition were not disclosed. Source
California-based autonomous IT platform company XOPS raised $40M in a funding round co-led by Activant Capital and FPV Ventures. Andrew Steele, partner at Activant Capital, and Pegah Ebrahimi, cofounder and managing partner of FPV, will join XOPS board. Source
Continua AI, an AI agent platform for group conversations, raised $8M in a seed funding round led by Google Ventures. Bessemer Venture Partners and angel investors also participated in the round. Source
New York-based Infinity Loop, an AI-based enterprise contract management platform, raised $5M in a seed funding round led by Glasswing Ventures and TIAA Ventures. Plug and Play and Restive Ventures also participated in the round. Infinity Loop plans to use the funding to accelerate go-to-market expansion. Source
London-based Archestra, which provides tools for secure enterprise AI, raised $3.3M in a pre-seed funding round led by Concept Ventures. Zero Prime Ventures, Celero Ventures, RTP Global and Aloniq participated in the funding round. Source
HG-backed Visma, a provider of cloud-based business software solutions, has reportedly selected Goldman Sachs Group, Morgan Stanley and UBS Group to arrange its potential IPO in 2026. The company plans to list its shares in London. Lazard is serving as financial advisor to Visma. Source
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The NBA's board of governors approved the $6.1B sale of the Boston Celtics to an investment group led by William "Bill" Chisholm, a co-founder of Symphony Technology Group (STG). The new ownership group includes private equity firm Sixth Street, ArcelorMittal CEO Aditya Mittal, Related Companies president Bruce Beal, Jr., current Celtics owner Rob Hale and current Celtics governor and CEO Wyc Grousbeck. The sale is expected to close shortly. Source
Major League Baseball team Minnesota Twins Chairman Joe Pohlad said the ownership of the team will remain with the Pohlad family, a decision that came 10 months after the planned sale was announced. The Minnesota Twins have an outstanding $425M in debt, much of which was incurred due to the impact of the pandemic. To strengthen the team for the future, the Pohlad family is in the process of adding two new limited partnership groups, pending approval from the league. Sources 1, 2
Universal Music Group- and Dundee Partners-backed music rights platform Chord Music Partners raised over $2B in investible capital to acquire music rights. The funding round, which is expected to close in October and reach a total of $3B to $4B, was fueled by equity investments from family offices and pension funds. New investor Searchlight Capital Partners reportedly contributed $400M in equity. Chord’s current portfolio includes music from The Weeknd, Lorde, David Guetta and more. Sources 1, 2
Private equity firm THL Partners agreed to acquire Headlands Research, a multinational network of clinical trial sites, from funds managed by KKR. McDermott Will & Schulte and Paul, Weiss, Rifkind, Wharton & Garrison served as legal advisors to THL, with Jefferies acting as lead financial advisor. Edgemont Partners also acted as a financial advisor to THL. KKR and Headlands were advised by Houlihan Lokey as exclusive financial advisor and Kirkland & Ellis as legal advisor. Source
Hildred Capital’s portfolio company, AleraCare, merged with PURE Health, a BUILD Capital Partners-backed medical group specializing in care for patients with complex chronic and autoimmune conditions. The deal, expected to close in late 2025, aims to create an affordable and accessible infusion and specialty care platform that improves patient outcomes. Legal counsel for AleraCare was provided by Holland & Knight, while Kunzler Bean & Adamson and Cantor Fitzgerald provided legal and financial advice to PURE Health, respectively. Source
Vivos Holdings, an Emprise Group portfolio company, completed its merger with Nice-Pak Products, creating one of the largest providers of health and wellness solutions. The transaction also expands Vivos’ global network and product innovation. Source
Wood Dale, IL-based healthcare company Singlepoint Healthcare, a portfolio company of DFW Capital Partners, acquired IV Solutions, a provider of clinical pharmacy and home infusion services. The acquisition, advised by The Braff Group, is intended to establish an integrated care model for Singlepoint, whose initial platform includes The Boster Center for Multiple Sclerosis and IV Solutions. Source
Citizen Health, a patient-powered platform for rare disease care, raised $30M in Series A funding, led by 8VC and with participation from Transformation Capital and Headline. With the new capital, which brings its total funding to $44M, Citizen Health plans to expand its team and launch its first AI Advocate tool to empower patients and accelerate drug discovery. Source
Retension Pharmaceuticals successfully closed a $15M Series B financing round to advance the clinical development of its drug candidate, RTN-001. New and existing investors, including Green Park & Golf Ventures, participated in the round. The firm is set to begin a Phase 2b clinical trial in late 2025 for patients with uncontrolled and resistant hypertension, a condition where current treatments are often ineffective. Source
Healthtech startup Dozee is set to raise $10M in debt funding from Stockhausen International. The company, known for its remote health monitoring solutions like its contactless smart mat, aims to use the new capital for business operations and development, and to fund its international subsidiaries. Source
Soulmates Ventures led a €1M ($1.2M) pre-seed investment round for Estonian medtech startup Better Medicine, with participation from Specialist VC, UT Ventures and angel investors. The raise brings Better Medicine’s total funding to over €5M ($5.8M), including €2.25M ($2.6M) in private capital and €3.7M ($4.3M) in grants, notably a €2.5M ($2.9M) award from the European Innovation Council earlier this year. Source
FCA Venture Partners led a Series A funding round for IgniteData, a private healthtech company specializing in automating clinical trial data workflows. The round was joined by existing investors SpringTide and Oncology Ventures. IgniteData aims to advance its flagship product IgniteData Archer. Source
Evolve Orthopedic Partners, a physician-led management services organization (MSO) backed by Zenyth Partners, officially launched. The company aims to help orthopedic practices and surgery centers grow by managing their non-clinical operations. OrthoNY, a orthopedic group in New York's Capital Region, is Evolve's first partner. Provident Healthcare Partners, an investment banking firm, advised OrthoNY on the recapitalization, which helps the organization continue to provide high-quality musculoskeletal care across its eight clinics and three surgery centers. Sources 1, 2
Aquestive Therapeutics secured a $75M funding agreement with RTW Investments. The financing is contingent upon the US Food and Drug Administration's (FDA) approval of Anaphylm, the company's sublingual film for treating severe allergic reactions. If approved, the funding will help Aquestive launch Anaphylm and support the company through 2027. Source
Financials
Abu Dhabi-based Mubadala Capital closed its acquisition of Canada’s CI Financial Corp. in a CAD 12.1B ($8.76B) take-private transaction. The transaction, which was announced in November 2024, valued CI Financial’s equity at approximately CAD 4.7B ($3.4B). CI Financial continues to operate independently under its current leadership and brand names. Mubadala Capital now manages, advises, and administers for clients and limited partners over $430B in combined assets through its asset managers and strategic partners, including CI and its affiliates. Source
Fund administrator Alchelyst and Lyra Client Solutions, a technology-enabled client servicing organization spun out from Apollo Global Management, announced a merger. Backed by Motive Partners and Apollo, the merged entity will provide differentiated capabilities across fund administration and client servicing. The combined company will be led by Alchelyst founder and CEO Joan Kehoe. Source
Fairfax Financial Holdings completed its acquisition of The Keg Royalties Income Fund following an independent formal valuation and fairness opinion provided by Fort Capital to the Fund’s trustees. The transaction, carried out through Fairfax subsidiary 1543965 B.C. Ltd., values the Fund at approximately CAD 324M ($234M) and included an accrued distribution. With the deal’s closing on Aug. 12,the Fund’s units have been delisted from the Toronto Stock Exchange. Sources 1, 2
HCAP Partners exited its equity stake in fintech platform Saphyre. The exit comes after Saphyre secured a $70M growth equity investment led by FTV Capital. HCAP Partners first invested in Saphyre in 2021 and supported its growth to become a leading provider of pre- and post-trade automation for major financial institutions. Source
Aquiline Capital Partners-backed RIA SageView Advisory Group acquired Oakbrook Terrace, IL-based institutional retirement plan consulting and wealth management firm Capital Strategies Investment Group (CAP STRAT). The firm, which manages $25B in assets, absorbs its team into SageView with its leadership team becoming managing directors. CAP STRAT worked with Turkey Hill Management as its investment banker and Hogan Lovells as legal counsel. SageView worked with Kilpatrick Townsend & Stockton as legal counsel. Source
Independent wealth management firm PWL Capital acquired Regina, Saskatchewan-based boutique advisory practice TCM Financial Studio. The firm focuses on providing personalized service and innovative planning for physicians, incorporated professionals and families nationwide. Financial terms of the deal were not disclosed. Source
Canadian asset manager CI Financial’s US wealth management arm Corient acquired Dallas, Texas-based $1.54B Messick Peacock & Associates. The firm was previously affiliated with Raymond James. Terms of the deal were not disclosed. The asset and wealth management investment banking team of Raymond James served as financial advisor to Messick Peacock. Source
Transak, a leader in fiat-to-crypto infrastructure, raised $16M in a strategic funding round led by Tether and IDG Capital. The new capital is set to expand the company’s stablecoin payments stack and scale its operations into new markets. Transak's platform allows users in over 75 countries to easily convert between fiat and stablecoins using local payment methods. Source
Cache, a company making tax-efficient diversification tools more accessible, raised $12.5M in a Series A funding round led by Bill Trenchard of First Round Capital. The funding comes as Cache demonstrated exceptional market traction, surpassing $625M in total assets just over a year since launch. Source
California-based early-stage investor Autotech Ventures led an $11M Series B extension for Bumper, a UK-based “buy now, pay later” (BNPL) fintech for car servicing and repairs. The round, which included investments from Jaguar Land Rover’s InMotion Ventures, Suzuki Global Ventures, Porsche Ventures, and Shell Ventures, will support Bumper's European expansion and new original equipment manufacturer offerings. Source
Shivalik Small Finance Bank (SSFB), a small finance bank that transitioned from an urban cooperative bank, raised $11M in equity capital. The funding round was led by SMBC Asia Rising Fund, the corporate venture capital arm of Sumitomo Mitsui Banking Corp., with participation from existing investors including Accel and Lightspeed Ventures. Source
YOLO Ventures, with participation from Andressen Horowitz, Volt Capital, WndrCo, Arbitrum Gaming Catalyst, and Tusk, led a $7.8M seed funding round for fintech company Coverd. Source
Flourish Ventures led a $4.9M seed funding round for Kenyan fintech firm HoneyCoin. Visa, LAVA, TLCom Capital, Antler, 4DX, and Stellar Development Foundation participated in the round . Source
Crypto payments network Mesh secured additional funding from PayPal Ventures, Coinbase Ventures, and other investors, bringing its total capital to over $130M. The company, whose technology powers PayPal's "Pay with Crypto" service, is set to expand its stablecoin payments infrastructure and scale its operations globally. Source
US exchange operator Miami International Holdings (MIAX) completed its IPO, raising $345M. The IPO gives MIAX a market value of $1.8B, with its shares set to trade on the New York Stock Exchange under the ticker symbol MIAX from Aug. 14. Source
BlueSnap, a global payment orchestration platform backed by Parthenon Capital and Great Hill Partners, announced a new integration with Commerce, the parent company of BigCommerce. The integration allows merchants to unify ecommerce and ERP systems, providing a single platform to streamline payments, automate accounts receivable and improve the overall buyer experience. Source
Professional Services
Audax Private Equity sold GovOS, an Austin, TX-based provider of transaction and compliance software for state and local governments, to Neumo, a new company formed by Arlington Capital Partners via the merger of Avenu Insights & Analytics and Intellectual Technology. Audax, which acquired GovOS in 2020, grew the company through three add-on acquisitions and leadership changes. Shea & Company and Guggenheim Securities were financial advisors for Audax, with Ropes & Gray acting as legal counsel. Source
Global investment firm The Riverside Company agreed to divest Performance Systems Integration (PSI), a Portland, OR-based fire and life safety services provider, to Summit Fire & Security. During Riverside's ownership, PSI completed 16 strategic add-on investments, grew its employee count and expanded its service area across five states. Baird, Bundy Group and Fairmount Partners served as advisors. Source
New Canaan, CT-based Gridiron Capital acquired ABC Legal Services, a Seattle-based national provider of service of process (SOP) and court filing solutions, from Aquiline Capital Partners. Greenberg Traurig and Houlihan Lokey served as legal counsel and financial advisor, respectively, to Gridiron, while Ropes & Gray served as legal counsel for ABC Legal and Aquiline, with Harris Williams as financial advisor. Source
Ardian-backed HR Path, a Paris-based global HR consulting and information system (HRIS) solutions firm, acquired Australia-based RKM Consulting, a company specializing in advising and implementing HRIS systems with a focus on SAP SuccessFactors. The acquisition strengthens HR Path's presence in the Australian and New Zealand markets, following its 2019 acquisition of DDG and the opening of its Australian office in 2024. Source
LawnPRO Partners, a collective of lawn care companies majority-owned by private equity firm HCI Equity Partners, acquired New Hampshire-based Concord Custom Lawn Care, which has served southern New Hampshire since 2002. As a result of the acquisition, Concord Custom Lawn Care's owner, Tim Doyle, will retire, and all other employees will be retained. Source
MES Life Safety, a Platte River Equity portfolio company, acquired WC Fire Safety, a fire protection services company based in Orlando. The acquisition strengthens MES Life Safety's presence in the Southeast, allowing it to offer comprehensive fire safety solutions while preserving WC Fire Safety's customer-focused service model and expertise. Source
Valsoft Corporation, a software company specializing in vertical markets supported by Portage Capital Solutions, PROPELR Growth and Viking Global Investors, acquired Diffusion Solutions Intégrées (Progression), the company behind the ProgressionLIVE platform, a mobile-friendly solution that helps service-based businesses in industries like HVAC and plumbing manage operations. Progression is set to operate autonomously under its current leadership, leveraging Valsoft's expertise to support its growth in the field service market. Source
Ontario Teachers’ Pension Plan (OTPP) late-stage venture arm, Teachers’ Venture Growth (TVG), invested $40M in Darwinbox, an AI-powered human capital management platform, through a mix of primary and secondary transactions. The deal, which follows Darwinbox’s $140M round in March led by Partners Group and KKR, gives TVG a stake alongside existing investors including Microsoft, Salesforce, Peak XV, Lightspeed and TCV. Avendus Capital advised Darwinbox on the transaction. Source
British venture capital firm Northzone led a $27M Series B funding round for Topline Pro, a New York-based AI-powered engine for home service businesses, with participation from new investors Tactile Ventures and Industry Ventures, alongside existing investors Forerunner Ventures, Bonfire Ventures, TMV, Flybridge and BBG Ventures. The investment will help Topline Pro further develop its AI agents for marketing, sales and operations to serve small local businesses. Source
New York-based Pivot Investment Partners led a $12M pre-Series B funding round for Docyt, a Mountain View, CA-based company that offers an AI-powered accounting automation platform. The investment, which also included existing investors, will be used to scale Docyt's new High Precision Accounting Intelligence (HpAI) engine, which is designed to automate complex accounting workflows for firms and multi-entity businesses. Source
Houston-based venture capital firm Integr8d Capital led an $8M funding round for Thread, a New York-based AI service desk platform for managed service providers (MSPs), with participation from Headline, MSP veterans David Bellini, Adam Slutskin and Vince Kent. The capital will be used to scale the company's operational footprint and product innovation in AI dispatch, multi-agent automation and real-time resolution. Source
Early stage investor Callapina Capital led a $1.5M funding round for Indian deep-tech company Aeronero, which produces clean drinking water from the atmosphere. The funding round also saw participation from SAN ANGELS, Jamwant Ventures and angel investors. The capital will be used to expand the company’s operations and development efforts for its Air Water solutions. Source
Los Angeles-based ECGI Holdings’ investment arm Uplist Ventures finalized a strategic investment in AuraChat.ai, an Irvine, CA-based AI sales and marketing automation platform. The deal precedes AuraChat's September 2025 launch of its competitive-intelligence upgrade, AuraConnect 2.0. Source
Consumer & Retail
Eurazeo entered exclusive negotiations to sell Ultra Premium Direct (UPD), a French direct-to-consumer online pet food company, to INSPIRED PET NUTRITION (IPN). The acquisition of UPD would create a major independent international pet food platform in Europe. The deal, which is subject to regulatory and labor approvals, is expected to be finalized in the fourth quarter of 2025. Source
Florida-based holding company Fundamental Brands acquired Amala Beauty, a luxury skincare brand backed by venture firm Cullom Capital, for an undisclosed amount. The acquisition is expected to drive Amala’s growth and expansion into direct-to-consumer and retail channels. Source
TMRW, an Indian digital-first fashion venture of the Aditya Birla Group, is set to raise $50M from investor ServiceNow Ventures. The capital will be used to expand TMRW's portfolio of brands, which include Bewakoof, WROGN, The Indian Garage and Nobero, and to integrate ServiceNow's artificial intelligence platform to enhance operations and customer experience. Source
Infrastructure
Hong Kong’s CK Hutchison Holdings does not expect the potential sale of its 43 global ports, including two in the strategic Panama Canal, to a BlackRock-backed consortium to be completed this year. Still, the company is optimistic about the prospects for a deal, which has become a proxy for the rivalry between the US and China, after inviting a Chinese investor into the buyers’ group. CK Hutchison is expected to net more than $19B if the sale goes through. Source
InfraRed Capital Partners is acquiring Rogers Communications' data centres business, which includes nine Tier 2 and 3 data centers across key Canadian cities. InfraRed expects to close the transaction by the end of 2025. Financial terms of the deal were not disclosed. InfraRed is a part of SunLife’s institutional alternatives and traditional asset management business SLC Management. Source
Indian digital infrastructure firm Shreetech Data raised $4.5M from Aarii Ventures, the investment arm of the Kothari family, and Cello Family Office. The company, which provides end-to-end infrastructure solutions and has executed over 100 data center projects, will use the funds to expand its operations in data centers, power infrastructure and in-house equipment manufacturing. Source
Venture capital firms Burnt Island Ventures and Emerald co-led a $4M Series A funding round for Waterly, a Crystal Lake, IL-based water and wastewater management platform, with the funds earmarked for scaling the company's team to support various water systems. Source
Energy
British energy company Centrica and Summit, NJ-based energy investor Energy Capital Partners (ECP) jointly acquired UK’s Grain LNG terminal from National Grid Plc for an enterprise value of £1.5B ($2B). Centrica will invest £200M ($271M) for a 50% equity stake, while ECP will own the remaining half in a transaction that involved £1.1B ($1.5B) in project finance debt. Slaughter and May served as legal counsel for Centrica. Sources 1, 2
Southwest Airlines Renewable Ventures, a subsidiary of Southwest Airlines, is selling SAFFiRE Renewables to low-carbon ethanol production company Conestoga Energy for an undisclosed amount. The transaction includes SAFFiRE's exclusive license to deacetylation and mechanical refining pretreatment technology from the U.S. Department of Energy's National Renewable Energy Lab, all intellectual property and the pilot facility. Chief Technology Officer Marykate O’Brien and Director of Engineering Nitin Kolhapure will also transition to Conestoga. Source
Industrials & Materials
Vietnamese electric vehicle manufacturer VinFast Auto announced a deal to sell its spun-off R&D unit, Novatech Research and Development SJC, to founder and CEO Pham Nhat Vuong for about $1.5B. VinFast will initially own a 38% stake in Novatech, which will hold the R&D assets. The transaction is a move by Vuong, a key investor who has already committed over $2B of his own funds to the company, to support VinFast's long-term growth. Source
Seattle-based private equity firm Rainier Partners and its portfolio company Wilmar, a Kent, WA-based distributor of hand tools, announced the acquisition of EZRED, a designer and manufacturer of lighting and tools for the automotive aftermarket based in Denville, NJ. Fairmount Partners served as the financial advisor to EZRED. Source
Agility Retail Group, a partner company of San Francisco Equity Partners (SFEP), acquired Wisconsin-based Infinity Retail Services, a retail fixture designer and manufacturer. Infinity founders, Kevin and Wendy Jansen, retained significant equity as Agility Retail completes its eighth acquisition since its founding. Source
NIU Invest SE, a Europe- and US-based investment company led by Austrian investor Cevdet Caner, completed the acquisition of a majority stake in Critical Metals, which holds a 70% stake in the Molulu Project, a cobalt and copper mining asset in the Democratic Republic of Congo. The transaction gives NIU a majority 60.34% stake in the London-listed Critical Metals. The Molulu Project, previously mined by artisanal miners, was acquired by Critical Metals in September 2022. Source
Sani-Matic, a Hamilton Robinson Capital Partners' portfolio company based in Sun Prairie, WI, that designs and manufactures sanitary process cleaning systems and solutions, acquired Clearwater, FL-based industrial cleaning systems manufacturer Douglas Machine. Stout acted as financial advisor for the acquisition, which will expand Sani-Matic's hygienic cleaning solutions for the food, beverage, pharmaceutical and personal care industries. Source
North American specialty construction supplies distributor White Cap acquired Beaver's Source, a concrete accessories distributor based in Laredo, TX, expanding its product offerings and strengthening its presence in the Laredo market. White Cap is backed by private equity firms Clayton, Dubilier & Rice (CD&R) and The Sterling Group, with CD&R holding a 65% ownership stake and The Sterling Group holding the remaining 35%. Source
Woodside, CA-based private equity firm Salt Creek Capital acquired American Anchor Bolt, a producer of custom anchor bolts based in Houston. Madison Street Capital served as the exclusive financial advisor for the transaction. The acquisition aligns with Salt Creek's strategy of acquiring profitable, lower middle-market companies and specializing in ownership transitions of family-owned businesses. Source
Omegro, a portfolio company of Volaris and a subsidiary of Constellation Software, acquired UK-based fleet management and telematics software provider Verilocation for an undisclosed sum. Verilocation, which was previously acquired by Lyceum Capital-backed Isotrak in 2017, will continue to operate independently after the deal. Source
European mid-market private equity firm IK Partners, through its IK X Fund, acquired a majority stake in Francks Kylindustri, a Swedish provider of commercial and industrial refrigeration systems with 50 sites across the Nordics, from Segulah V, a fund advised by Amplio Private Equity AB. Source
Partners Group will sell its majority stake in CapeOmega, a low-carbon maritime platform with a fleet of 10 LNG carriers, to Norwegian shipowner Ocean Yield AS and KKR-managed vehicles. Partners Group, advised by Wikborg Rein Advokatfirma AS, successfully pivoted CapeOmega from an offshore energy infrastructure owner to its current maritime platform after acquiring it in 2019, with the transaction expected to close in the third quarter of 2025. Source
Sector-focused private equity firm ATL Partners completed the sale of a majority stake in global logistics company GCL to Providence Equity Partners. ATL will retain a minority stake. Jefferies, J.P. Morgan Securities and Moelis & Company were financial advisors, with Gibson, Dunn & Crutcher serving as legal counsel. Source
Pocasset, MA-based nutrient management solutions provider Axius Water acquired S&N Airoflo, a Greenwood, MS-based surface aeration systems supplier. The acquisition integrates S&N Airoflo's proprietary floating brush rotors, which reduce power consumption by 30% to 60%, into Axius Water's portfolio, which was founded in 2019 by investors KKR's Global Impact Fund and XPV Water Partners. Source
Danish early-stage investor KOMPAS VC led a $10M Series A funding round for Israel-based fabless semiconductor startup NeoLogic, with M Ventures, Maniv Mobility and lool Ventures also participating. NeoLogic, which develops energy-efficient CPUs for AI servers, will use the funds to expand its engineering team and continue development. Source
Toronto-based property technology venture capital fund Groundbreak Ventures led a pre-seed funding round of over $1M for Crewscope, a Canadian startup specializing in AI software for hourly construction and industrial teams. The investment will support Crewscope's North American expansion and was made in partnership with EllisDon, a major Canadian general contractor. Source
Real Estate
Unite Group, a UK-based student housing provider, agreed to acquire rival Empiric Student Property in a cash and share deal worth approximately £723M ($978M). The acquisition is expected to create a larger, more efficient company to capitalize on the strong student housing market. Following the deal, Unite shareholders will own about 90% of the combined company. Source
Mesa, a membership platform for homeowners, raised $24M in a strategic funding round from key partners like Lowe's, Paramount Residential Mortgage Group and Trinity Capital, bringing the company's total funding to over $33M. Mesa is set to accelerate product development and expand its platform, which aims to make homeownership more affordable and rewarding by offering homeowners rewards for everyday purchases and mortgage payments. Source
Four Corners Property Trust (FCPT) acquired four new Burger King properties from Ampler Restaurant Group for $8.1M. The properties, located in Ohio, Kentucky and Virginia, are under long-term, triple-net leases with a weighted average of 19 years remaining, and the transaction was priced at a 6.8% cap rate. Source
RXR and a unit of Liberty Mutual Group are expanding their credit partnership to deploy up to $1B in the US apartment sector. The venture offers various financing options, including senior loans and preferred equity, to address the refinancing needs of apartment properties. Source
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