August 07

Blackstone Strikes $6B Enverus Deal, ESPN and NFL Join Forces

Welcome to Dakota's Daily Transaction News

Dakota Transactions is a daily newsletter delivering a comprehensive summary of the top stories and transactions in sponsor-backed M&A, growth and venture investments, portfolio company debt and deal financing, and more across the Tech & Telecom; Sports, Media & Entertainment; Healthcare; Financials; Professional Services; Consumer & Retail; Infrastructure; Energy; Industrials & Materials; and Real Estate sectors.

Access to full articles and the entire Dakota Transactions News archive is available to Dakota Marketplace subscribers. Book a demo today to learn more and stay ahead of the competition!

Tech & Telecom

Blackstone will acquire energy data platform Enverus from Hellman & Friedman and Genstar for >$6B, expanding its energy analytics portfolio. TA Associates may sell ERP software provider Unit4 for ~$4.7B, while TPG is buying Australian SaaS firm Infomedia for $422M. NielsenIQ purchased Brazil’s Mtrix for supply chain visibility. OpenAI targets a $500B valuation in a secondary sale led by Thrive Capital. AI startups Runway and Luma seek $500M and $1.1B raises, respectively. Other notable rounds included Lorikeet’s $35M Series A, Fundamental Research Labs’ $33M, Tavily’s $25M, SubZero Labs’ $20M, and multiple AI- and automation-focused early-stage financings.

Sports, Media & Entertainment

ESPN will acquire NFL Network, RedZone, and NFL Fantasy from the NFL in exchange for a 10% equity stake, boosting its upcoming direct-to-consumer offering. The UK CMA approved Omnicom’s $13B acquisition of Interpublic. ProSiebenSat.1’s board endorsed MFE-MediaForEurope’s takeover bid, targeting €150M in synergies. Kuvi.AI acquired Web3 game infrastructure provider Altura. Funding activity included SuperGaming’s $15M Series B to expand its title “Indus,” Kontext’s $10M seed for contextual advertising, Bobble AI’s $1.5M Series D extension, and Shortgun Games’ $1M seed for India’s first story-driven shooter franchise. Strategic M&A reflects consolidation across sports media, advertising, and gaming infrastructure.

Healthcare

Novartis is weighing a $5.7B takeover of Avidity Biosciences. Datavant acquired Ontellus to form a Legal & Insurance vertical. KKR recapitalized DentalXChange; Keystone Capital formed Gillson Sciences via Azzur Labs and Micro Measurement Labs buys. EyeSouth Partners entered Michigan via Sunvera Group acquisition. Arlington Capital’s AVS Bio bought IPA Europe; LSOMS’ Pinnaql acquired Validation & Engineering Group; Ultimo purchased FSI. Notable financings included Blackstone’s $500M credit facility for MannKind, Cosmos Health’s $300M convertible notes, Positive Development’s $51.5M Series C, Trust AI’s $6M seed, and Neurogram’s $3M seed. Heartflow upsized its IPO to $300M at a $1.46B target valuation.

Financials

AlTi Global is exploring a take-private sale with JPMorgan. RIA consolidation continued: Aspen Standard Wealth bought MG Financial; Arax’s Ashton Thomas acquired Kobo Wealth; ALKEME purchased Innovative Insurance Group. Deluxe acquired CheckMatch from J.P. Morgan’s Kinexys; Germany’s dwpbank bought fintech lemon.markets. Ares Capital extended $550M to Highstreet Insurance Partners; Stavtar Solutions raised $55M from Elephant; Capitolis added strategic bank investors; India’s DPDzero raised $7M; Lava secured $5.8M. Carlyle reported a 26% YoY increase in distributable earnings, fueled by $3.7B in PE exits. Capital flows favored insurance, fintech infrastructure, and private wealth platforms.

Professional Services

Blackstone launched a $3.5B tender offer for TechnoPro, its largest Japan investment. Normec expanded into the US via three lab acquisitions; Dubin Research acquired Immersion Legal; Cherry Bekaert bought Jameson & Company CPAs; HR Path acquired PredictiveHR; Prosperity Partners bought Pipaya; Milrose Consultants purchased ARC; Hazeltree acquired Siman Systems. Major funding included Rillet’s $70M Series B led by a16z and ICONIQ, Vendict’s $10M Series A, and August’s $7M seed for AI legal tech. Deals reflect strong cross-border expansion in testing, inspection, compliance, HRIS, and AI-enabled professional service platforms.

Consumer & Retail

Hoffmann Family acquired Elmer Chocolate, with leadership retaining stakes. BV Investment Partners bought a majority stake in The Millennium Alliance. Yomeishu Seizo is exploring a delisting amid buyout proposals; Atour Lifestyle plans a Hong Kong secondary listing to raise hundreds of millions. Strategic activity reflects brand heritage investments, event-driven B2B growth, and cross-border capital market positioning. Consumer-facing M&A continues to target specialty brands, peer-to-peer platforms, and Asian hospitality operators hedging US market risk.

Infrastructure

FTAI Infrastructure will acquire Wheeling & Lake Erie Railway for $1.05B, backed by $2.25B in capital from Ares and debt financing. Apollo Funds will take a majority stake in Stream Data Centers, with capital committed for 650 MW of near-term capacity across major US metros. Both transactions underscore investor appetite for essential freight and data infrastructure with scalable growth potential.

Energy

CORE Energy raised $22.8M to advance nuclear and defense manufacturing. HYLENR secured $3M for Low Energy Nuclear Reaction systems. YPF will buy 45% of two Vaca Muerta shale oil fields from TotalEnergies for up to $500M. Activity indicates continued cross-border capital flows into nuclear innovation and Latin American unconventional oil assets, balancing energy security with technological advancement.

Industrials & Materials

Rocscience acquired Rockfield for advanced energy and mining modeling software. OCI merged with GMS Piling Products; IWS acquired Seaside Waste Services; Guardian Logistics partnered with Canopy Capital and Plexus Capital. Evok Innovations led a $30M Series A2 for DISA Technologies; DAS secured a $15M equity facility; Raise closed a $7.8M seed; EVeez raised $5.4M; LiORA received $3M; Cautio raised $3M; EON Space Labs secured $1.2M. Industrial M&A is leaning toward integrated platforms and high-tech manufacturing, while VC targets robotics, clean tech, and aerospace innovation.

Real Estate

Saudi developer Almajdiah priced a $336M IPO 107x oversubscribed. Accor is weighing a US IPO for Ennismore; Cove Capital acquired a San Antonio build-to-rent community; Bow River bought Brookside Commons in Kansas City; LogProstyle and Inmark Global formed a Japan-focused real estate JV. CBRE listed Cincinnati’s Garfield Suites for sale amid foreclosure. Capital is flowing toward residential build-to-rent, mixed-use hospitality, and distressed asset repositioning, with notable public market activity in Saudi Arabia and hospitality IPO pipelines.

To explore more transactions, book a demo of Dakota Marketplace!

Written by: Dakota

Subscribe

The Database For Cold Outreach to Reach Institutional and RIA Investors