Transaction News Summary
BlackRock’s Global Infrastructure Partners is reportedly closing in on a deal for Macquarie-backed Aligned Data Centers, valuing the Plano, TX-based operator at around $40B. The move would mark one of the largest data center transactions on record. Mubadala’s AI-focused fund MGX is also circling, underscoring how the AI boom has turned data infrastructure into one of the hottest corners of global private markets.
In sports and media, Chinese conglomerate Wanda is weighing a sale of Infront Sports & Media to a Boyu Capital- and NJF Capital-led group, marking a potential exit from the Swiss marketing firm it bought in 2015. Over in Hollywood, Paramount Skydance is reportedly acquiring The Free Press at a $150M valuation, installing founder Bari Weiss as CBS News’ new editor-in-chief, a headline-grabbing move aimed at convincing regulators of the network’s commitment to viewpoint diversity.
In financials, CVC Capital Partners struck a $1.75B deal for control of Bamboo, White Mountains’ digital homeowners’ insurance platform. The transaction hands White Mountains $840M in net proceeds while keeping a minority stake. In the UK, Royal London Asset Management launched a new £1B healthcare REIT to expand investments in purpose-built care facilities, pitching the vehicle as a magnet for third-party capital.
Read on for a full rundown of all the latest transaction news.
Tech & Telecom
Venture & Growth
Supabase Secures $100M in Series E at $5B Valuation
Supabase secured $100M in a Series E funding round, pushing the company’s valuation to $5B. The round was co-led by Accel and Peak XV, with additional participation from Figma Ventures and other returning investors. The capital will be used to accelerate the development of "Multigres," an enterprise-scale version of Supabase’s platform built for large, data-intensive applications. The company plans to reserve an allocation from the round for its community members to co-invest alongside institutional partners.
Moonlake AI Exits Stealth With $28M Seed Funding
AI research lab Moonlake AI emerged from stealth with $28M in seed funding to build reasoning models for creating interactive content. The investment round was backed by AIX Ventures, Threshold and NVIDIA Ventures, along with more than a dozen leading AI researchers and founders. The company will use the funds to advance its platform, which enables users to generate playable 3D and 2D worlds, games or simulations in minutes using natural language.
Communication Safety Startup YAL.ai Closes $12M Series A Round
YAL.ai, a communication safety startup, closed a $12M Series A funding round to scale its operations. The investment was provided by a group of undisclosed investors backing the UAE-based company's mission to prevent online scams. YAL.ai will use the fresh capital to expand its on-device, AI-powered features designed to provide a secure communication experience.
French Cybersecurity Startup MokN Raises €2.6M for US Expansion
French cybersecurity startup MokN raised about €2.6M ($3M) in an investment round led by Moonfire, with additional participation from OVNI Capital, Kima Ventures and angel investors. MokN will use the funds to fuel its international expansion into the US market and to enhance its solution with new detection capabilities. The company's technology uses honeypots and decoy access points to trick attackers into revealing stolen credentials so they can be neutralized before causing harm.
Other News
Reliance Reportedly Held Talks With Banks for Telecom Unit’s IPO
Reliance Industries reportedly started holding informal talks with banks for a potential IPO of its telecom subsidiary Reliance Jio Infocomm, in what could be India's largest-ever listing. A formal process to appoint investment bankers could start as early as November, with billionaire Chairman Mukesh Ambani previously targeting the first half of 2026 for the offering. The IPO could raise over $6B, surpassing the current record of $3.3B set by Hyundai Motor India in 2024.
Kotak-Backed Sify Infinit Taps Morgan Stanley, JPMorgan for $500M IPO
Sify Infinit Spaces, which is a data-center subsidiary of Sify Technologies and is backed by Kotak Private Equity Group, is preparing to file for a $500M IPO within the next two weeks. The IPO, potentially a first for an Indian data-center operator, will include a mix of new and existing shares to fund growth amid soaring demand for data services in the country. The company's board approved the listing plan on September 25, with a team of bookrunners that includes Kotak Mahindra Capital, Morgan Stanley, JPMorgan Chase, Citic Securities and JM Financial advising on the transaction.
Become A Sponsor Today
Reach 31,000 private equity and venture General Partners as they scan each day’s deals and position your firm as their first call on the next transaction.
Contact twunderle@dakota.com to learn more.
Sports, Media & Entertainment
M&A
PE-Led Consortium Reportedly Explores Acquisition of Infront Sports From Wanda
A consortium led by private equity firm Boyu Capital and investment firm NJF Capital is reportedly exploring a potential acquisition of Swiss sports marketing company Infront Sports & Media from Chinese conglomerate Dalian Wanda Group. The potential sale is part of Wanda's broader effort to divest assets to manage its debt. Wanda originally acquired Infront, which is the majority owner of the popular Hyrox fitness race, for €1.05B ($1.23B) from private equity firm Bridgepoint in 2015. The investor group has been in discussions with Wanda for several months, though a Wanda representative reportedly denied the talks.
Paramount Skydance to Buy Startup News Outlet The Free Press in $150M Deal
Paramount Skydance is reportedly set to acquire The Free Press in a deal that reportedly values the startup news outlet at around $150M. The company will also name The Free Press founder, Bari Weiss, as the new editor-in-chief of CBS News. In her new position, Weiss will report directly to Paramount CEO David Ellison. The move follows Ellison's takeover of Paramount in August and is seen as part of a commitment to federal regulators to ensure a diversity of viewpoints in the network's programming.
Undisclosed Investor Acquires AI Animation Platform Swoove Studios
Belgium-based 3D software company Swoove Studios was reportedly acquired by an undisclosed buyer. The sale of the AI-powered animation platform follows a strategic review initiated in Q4 2024. The company has raised a total of $11M in funding since 2020, including a $7.5M seed round backed by European angel investors. Lazarus Consulting served as the exclusive financial advisor to Swoove Studios.
Japanese Travel Firm JTB Acquires B2B Media Company Northstar Travel
Japanese travel services firm JTB completed the acquisition of Northstar Travel Group, a prominent B2B travel media and events company, from investment funds managed by EagleTree Capital and its co-investors. Northstar will operate as a wholly owned, independent subsidiary, retaining its current management team led by CEO Jason Young. BrightTower served as the financial advisor and Jones Day as legal counsel to Northstar, while SMBC Nikko provided financial advisory and Venable and Mori Hamada & Matsumoto served as legal counsel to JTB.
UK Watchdog Accepts Spreadex Plan to Divest Sporting Index Unit
The UK's Competition and Markets Authority accepted Spreadex’s proposal to divest the consumer-facing unit of Sporting Index to resolve competition concerns. The antitrust regulator previously determined that Spreadex's 2023 acquisition of the business-to-consumer arm created a monopoly in the UK's online sports spread betting market. Spreadex, along with Spreadex.com and Sporting Index, agreed to the terms of the undertaking, but a spokesperson said it “strongly disagrees with this entirely disproportionate decision" and is evaluating available options.
Venture & Growth
South Korean Gaming Giant Krafton Set to Lead $70M-$80M Investment in Kuku FM
Audio streaming platform Kuku FM is poised to raise between $70M and $80M in a new funding round led by South Korean video game publisher Krafton. The deal, which is currently at the term sheet stage, is expected to value the company at approximately $500M to $550M post-money. Existing investors, including Fundamentum Partnership and India Quotient, may also participate in the round.
Open-Source AI Platform ComfyUI Secures $17M for Cloud and UI Expansion
Comfy, the company behind open-source creative AI platform ComfyUI, raised $17M in a new funding round from a group of investors including Pace Capital, Chemistry and Abstract Ventures. The capital will be deployed to scale the company's cloud services, refine the user interface and invest in the open-source ecosystem.
Healthcare
M&A
Celltrion Bets $330M on US Biomanufacturing With ImClone Buyout
South Korea-based biopharmaceutical firm Celltrion announced its US subsidiary, Celltrion USA, agreed to acquire Imclone Systems, which holds a drug substance manufacturing facility in Branchburg, NJ, from Eli Lilly and Company for $330M. The acquisition would allow Celltrion to establish local production, mitigating future US tariff exposure. The transaction, advised by legal counsel from Weil, Gotshal & Manges on the seller’s side, is expected to close by year-end after regulatory approvals, with Celltrion planning upgrades and expansions to the facility as part of a potential $1B investment commitment.
Theratechnologies Set to Delist After CB Biotechnology Acquisition
Carlsbad, CA-based biotechnology company CB Biotechnology, an affiliate of Colbeck Capital Management-backed Future Pak, completed its acquisition of Theratechnologies, a Montreal-based specialty pharmaceutical company that addresses the unmet medical needs of HIV patients. The acquisition expands CB Biotechnology’s reach, drives further growth and enhances patient access by adding Theratechnologies' portfolio of innovative therapies. The deal is expected to result in the de-listing of Theratechnologies shares from the TSX and Nasdaq.
SportsMed Accelerates Growth With WeCare Medical PT Acquisition
SportsMed Physical Therapy, an outpatient rehabilitation and wellness company with 51 clinics across New Jersey and Connecticut, acquired its newest clinic, WeCare Medical PT and Wellness, in Maplewood, NJ. The deal, which involved Holland & Knight as legal counsel for SportsMed, reinforces the company's growth from 7 to 51 locations since partnering with New York-based Hildred Capital Management in 2018.
Venture & Growth
Spineart Raises CHF 25M to Power Robotic Spine Surgery and Global Growth
Geneva-based medtech company Spineart, specializing in advanced spine surgery solutions, secured a CHF 25M ($31.4M) capital increase from long-standing investors Gimv and EGS Beteiligungen (EGSB) to fund global expansion, innovation (including the BAGUERA C cervical disc and digital navigation/robotics) and scale the company.
Cancer Startup Volastra Secures $30M to Advance Next-Gen Therapies
Harlem, NY-based Volastra Therapeutics, a drug-discovery company specializing in new cancer treatments, raised just over $30M in a later-stage venture capital round from eleven undisclosed investors, according to a recent SEC filing. The company, which focuses on exploiting chromosomal instability for novel cancer therapies, previously secured financing led by investors including Polaris Partners, ARCH Venture Partners, Eli Lilly and Company, Droia Ventures, Catalio Capital Management, Vida Ventures, Quark Venture and Cornell University.
Angelini Fuels Serenis With €12M Boost to Power Next-Gen Digital Care
Angelini Ventures, the corporate venture firm of Italian biotech- and healthtech-focused industrial group Angelini Industries, led a €12M ($14.1M) follow-on investment in Serenis, an Italy-based mental and physical wellbeing platform, alongside co-lead investor CDP Venture Capital. The funding will accelerate Serenis' digital care services and proprietary technologies, building on its network of over 2,500 licensed professionals and support for over 170K people with approximately 1.5M sessions.
Stem Cell Startup StemInov Bags €10.6M for Pneumonia-Fighting Platform
French biotechnology drug discovery company StemInov announced a €10.6M ($12.4M) financing round to industrialize its umbilical cord-derived mesenchymal stem cell technology and advance its lead product, WhartSep, for severe pneumonia complications. Key investors included Angels Santé, Business Angels des Grandes Écoles, Alsace Business Angels, Codexial, Finovam Gestion and ILP, with public support from France 2030 (via Bpifrance) and the European Regional Development Fund (ERDF).
Evecxia Secures $5M to Advance Next-Gen OCD, Depression Therapies
Evecxia Therapeutics, a Raleigh, NC-based biopharmaceutical company focused on central nervous system disorders, closed a $5M funding round led by Collage Venture Partners, with participation from undisclosed existing investors. The funds will advance its lead drug, EVX-101, toward a Phase 2 clinical study for obsessive-compulsive disorder and support the Phase 1 study for its intravenous version, EVX-301, for major depressive disorder.
Japan’s Tres Alchemix Raises $4.4M to Accelerate AI-Powered Drug Discovery
Tres Alchemix, a Fukuoka, Japan-based early-stage biotechnology firm focused on applying AI to drug discovery, closed a $4.4M Series A financing round. The investment, which was led by DNX Ventures with participation from existing investor Waseda University Ventures, will help accelerate the development of its predictive AI platform and support the opening of a new laboratory at The Oxford Science Park.
Motor City Dental Secures Brightwood Funding to Power Acquisitions
New York-based private credit firm Brightwood Capital Advisors provided financing to Michigan-based dental platform Motor City Dental Partners (MCDP) to refinance existing debt, fund acquisitions and strengthen its balance sheet. Raymond James & Associates advised MCDP on the transaction. The financing details were not disclosed but it marked a key expansion move for MCDP, a doctor-owned dental support organization that offers centralized operational support.
Financials
M&A
CVC to Acquire Majority Stake in White Mountains' Bamboo in $1.75B Deal
White Mountains Insurance Group (WTM) agreed to sell a controlling interest in its Bamboo homeowners' insurance platform to funds advised by CVC Capital Partners in a deal valuing Bamboo at $1.75B. White Mountains expects to receive approximately $840M in net cash proceeds and will retain an approximate 15% equity stake in Bamboo, valued at $250M. Evercore and Piper Sandler & Co provided financial advisory to White Mountains while Cravath, Swaine & Moore and Willkie Farr & Gallagher provided legal counsel. Latham & Watkins advised CVC in the transaction.
Bain’s Acrisure Completes $1.1B Heartland Payroll Acquisition
Global fintech firm Acrisure, a portfolio company of Bain Capital, closed its acquisition of Heartland Payroll Solutions from Global Payments for $1.1B . The deal adds over 50,000 clients to the Acrisure ecosystem, significantly expanding its payroll and Human Capital Management (HCM) capabilities. Heartland President Vince Lombardo joined Acrisure to lead the new Auris Payroll and HCM Division.
Theatre Capital Buys Payment Platform AllPaid
Tech-focused holding company Theatre Capital acquired AllPaid, an Indianapolis-based provider of compliant digital solutions for government agencies and municipalities. Following the acquisition, Geoff Knapp, former CEO of Allied Payment Network, will become the CEO of AllPaid. LoneTree Capital provided additional equity financing for the transaction.
Synacti Acquires Majority Stake in Expat Tax Software Leader
Software-focused private equity firm Synacti acquired a majority stake in Software Spinner, the company behind MyExpatTaxes. MyExpatTaxes is a tax software solution designed to simplify complex US tax filing and reporting requirements for Americans living abroad. The deal marks Synacti's first acquisition in the international tax space. With Synacti's capital and operational support, MyExpatTaxes will continue to operate independently under its current leadership, accelerating its growth and expanding its services to reach more expatriates worldwide.
Venture & Growth
Indian Digital Insurer Coverstack Bags $11M in New Round
Indian digital insurance platform Coverstack, a part of the Coverfox Group, secured approximately $11M in a new funding round comprising both primary and secondary stake sales. The primary injection of roughly $9.2M was led by Vistra ITCL (India) Limited, acting as trustee of Elevar Ventures Partners, with a $7.8M investment, alongside $1.3M from founders Sanjib Kumar Jha and Piyush Ranjan. In a secondary transaction, Elevar Ventures Partners acquired existing shares valued at about $2.4M. The Mumbai-based firm, which provides a tech platform for digital insurance distribution to fintechs, brokers and other platforms, is now estimated to have a post-money valuation of around $54M.
AMG to Take Minority Stake in Brown Brothers Harriman’s New Subsidiary
AMG and Brown Brothers Harriman (BBH) formed a collaboration to bring the latter’s structured and alternative credit strategies to the US wealth market. As a part of the partnership, BBH created a new subsidiary, BBH Credit Partners, to house its taxable fixed income and structured credit business. AMG will provide seed capital for a set of new structured and alternative credit products advised by BBH Credit Partners, and, to enhance alignment, AMG will make a minority investment in BBH Credit Partners.
AI Compliance Platform Archive Intel Raises $6.3M Series A
Archive Intel, an AI-powered compliance platform for financial services, landed $6.3M in a Series A round led by Gray Line Partners, with participation from existing investors Social Leverage and Garuda Ventures, bringing the company’s total funding to $8.8M. The company will use the capital to expand AI engineering, grow its customer success team and accelerate the development of new compliance products.
Other News
Tata Capital $1.7B IPO Draws Global, Domestic Giants
Tata Capital’s anticipated $1.7B IPO drew interest from a high-profile roster of investors including Morgan Stanley’s Counterpoint Global, WCM Investment Management, Goldman Sachs Asset Management, White Oak Capital Partners and Nomura Asset Management. The offering will open to the broader public from October 6 through October 8, with the pricing range valuing the shadow lender at up to $15.7B.
Professional Services
M&A
Private Credit Firms Weigh £1.3B Debt Package for Potential JTC Deal
Private credit firms are reportedly considering providing a substantial debt package of about £1.3B ($1.8B) to finance a potential take-private deal for JTC Plc, the London-listed provider of fund and corporate services. The report came as JTC has engaged with Warburg Pincus and Permira. Suitors are said to be looking to secure leverage around 8x JTC's estimated £150M ($202M) in EBITDA, aiming for tight pricing of 475 basis points above Sonia.
Warburg Pincus-Backed NetDocuments Strikes Deal for OpenText's eDOCS
Utah-based NetDocuments agreed to acquire OpenText’s legal document management solution eDOCS for an undisclosed amount. The acquisition includes the technical assets, intellectual property and personnel associated with the eDOCS platform. The transaction is expected to close in early 2026, pending regulatory approvals and closing conditions. NetDocuments is backed by Warburg Pincus, Clearlake Capital and Cove Hill Partners.
Utimaco Sells LIMS Business to INVISION, PINOVA
SGT Capital-backed IT security provider Utimaco sold its Utimaco Telecom Solutions (UTS) division, a supplier of regulatory Lawful Interception Management Systems (LIMS) for telecom operators, to investment firms INVISION and PINOVA. The sale, which closed on September 30, allows UTS to operate independently and gives Utimaco's remaining Information and Data Security business a singular focus on its core competencies. PINOVA, a former Utimaco shareholder, and INVISION are committed to expanding the potential of the LIMS business, which now operates as an independent company.
Averna Capital-Backed StudyIn Closes Purchase of Indonesia's SUN Education
Averna Capital-backed international education consultancy and recruitment company Study International (StudyIn) completed the acquisition of SUN Education, Indonesia's largest study abroad agency. SUN Education operates across 27 locations with 230 employees and will continue to be led by its founders. The combined entity now operates over 125 locations in more than 40 countries, plan to increase investment in technology and personnel to enhance the global student journey. Mayer Brown advised Averna Group and StudyIn in the deal.
Venture & Growth
CVC Takes 20% Stake in Partners Group’s International Schools Partnership
CVC Strategic Opportunities acquired a 20% stake in International Schools Partnership (ISP), a global K-12 education platform majority owned by Partners Group. OMERS will also remain a minority shareholder in ISP. The new shareholder group will work with ISP’s management on the next phase of growth, focusing on initiatives like adding new schools, investing in proprietary education technology and expanding school infrastructure to enhance the student experience.
Legal AI Platform Saga Raises Over €1.5M in Seed Funding
Saga, a lawyer-centric AI platform that orchestrates the full lifecycle of legal work through transparent AI assistants and agentic workflows, closed a seed funding round of over €1.5M ($1.8M). The round was backed by undisclosed Dutch and Norwegian angel investors. Saga will use the new capital to accelerate product innovation, including the launch of the Saga Word add-in, and support further international expansion ahead of a planned Series A round in early 2026.
Consumer & Retail
M&A
LKQ Completes Sale of Self Service Segment in $410M Deal
LKQ Corporation finalized the sale of its Self Service segment (known as "Pick Your Part") to an affiliate of Pacific Avenue Capital Partners for an enterprise value of $410M. The sale is part of LKQ's strategic effort to simplify its business portfolio, reduce costs and focus on margin expansion. Proceeds from the sale will be used to strengthen the company’s balance sheet through debt repayment. Following the transaction, LKQ will report the Self Service segment as discontinued operations starting with its third-quarter 2025 financial statements.
C&S Wholesale Grocers Finalizes $1.77B SpartanNash Pick Up
Keene, NH-based C&S Wholesale Grocers completed its $1.77B acquisition of Michigan-based fellow food distributor SpartanNash Co. The transaction significantly increases C&S's scale, boosting its annual sales to approximately $30B and expanding its operations to nearly 60 distribution centers and over 30,000 employees. The combined company now serves roughly 10,000 independent grocery retail locations and runs more than 200 supermarkets. With the deal closed, SpartanNash transitions from a public to a private company.
Venture & Growth
India’s Art of Time Secures $19.7M to Expand Luxury Watch Retail Footprint
India's Art of Time, a premier omnichannel luxury watch retailer, raised INR 1.75B ($19.7M) in a fresh funding round, bringing its total funding since inception to over $22.5M. The round was backed by prominent investors, including CaratLane founder Mithun Sacheti, Freshworks founder Girish Mathrubootham and Plutus Wealth Management. Art of Time aims to expand its retail footprint — which currently includes 14 boutiques across major Indian cities — invest in technology and inventory and launch three new stores this year, including a debut in Hyderabad.
France’s Kapsera Closes Series A Funding Round
Kapsera, a French pioneer in sustainable microencapsulation for the agri-food sector, completed its Series A financing round with a new €860K ($1M) investment from Seventure Partners, adding to the €4.2M ($5M) it raised in November 2024. The funding, supported by existing investors like Demeter Investment Managers and Banque des Territoires, will accelerate the industrialization and commercialization of Kapsera's technology. The company plans to install its first industrial units at its Bordeaux site by the end of 2025. Concurrently, Kapsera will intensify R&D to broaden its range of natural microcapsules for agricultural biosolutions, human and animal nutrition.
OneRyan Global Takes Minority Stake in Mr Gatti's Pizza
OneRyan Global acquired a minority stake in the Fort Worth, TX-based pizza restaurant chain Mr Gatti's Pizza. The investment is a continuation of OneRyan's relationship with the brand, having already successfully operated multiple Mr Gatti's Family Entertainment Centers since 2022.
Other News
Princes Group Eyes £400M IPO in London
The Princes Group, the packaged food company known for brands like Princes tuna and Branston pickle, is considering raising approximately £400M ($538M) in a London IPO. The transaction would mark the UK's largest IPO by a local company in four years. The firm, a subsidiary of NewPrinces SpA, is reportedly targeting a post-fundraise market capitalization of around $1.9B. Princes Group was previously owned by Mitsubishi Corporation until 2024 when it was acquired by NewPrinces.
Infrastructure
BlackRock’s GIP in Advanced Talks for $40B Aligned Deal
BlackRock’s Global Infrastructure Partners (GIP) is reportedly in advanced talks to acquire Aligned Data Centers, a Plano, TX-based company with 50 campuses and 78 data centers in the US and South America. The Macquarie-backed company could be valued at about $40B in a transaction. MGX, an AI investment company established by sovereign wealth fund Mubadala Investment Co., is also engaged in the talks to invest independently in Aligned as part of a transaction, underscoring intense investor competition for AI infrastructure assets.
Pembroke VCT Leads $6.8M Seed Round in Data Infrastructure Firm PEAK:AIO
Data infrastructure company PEAK:AIO raised over $6.8M in a seed funding round led by Pembroke VCT with a $5M investment. The round also included participation from Praetura Ventures and an unnamed Silicon Valley investor. The company plans to use the proceeds for its global expansion and to advance its AI-first data acceleration solutions.
Energy
Terramont Expands Energy Footprint with Bull Moose Capital Deal
North American middle-market infrastructure investment firm Terramont Infrastructure Partners acquired a majority interest in Bull Moose Capital, a Canada-based provider of natural gas compression and power generation solutions, to drive geographic expansion and increase focus on larger energy infrastructure. Stikeman Elliot and K&L Gates served as legal advisors to Terramont.
OpenSolar Banks $20M as AI Push Powers $10B Solar Revolution
OpenSolar, a Sydney-based software platform used by over 25K solar installer businesses globally, secured $20M in new equity financing to advance its AI technology and expand coverage. Key investors included Titanium Ventures, Google and 2150 Sustainability Fund. The company has facilitated 6M solar system designs, resulting in $10B in solar sales since its 2017 inception.
Industrials & Materials
M&A
Quantum Space Boosts Cislunar Ambitions With Phase Four Propulsion Buy
Quantum Space, a Rockville, MD-based defense and space infrastructure company backed by Prime Movers Lab, Sporos Capital Partners, 1802 Ventures, AnD Ventures and others, acquired Phase Four's multi-mode propulsion assets and a Los Angeles-based integration and test facility to enhance the maneuverability of its Ranger spacecraft for missions from LEO to cislunar space. The newly acquired breakthrough propulsion technology allows a single system to operate in both chemical and electric modes, directly supporting national security, civil and commercial contracts.
White Cap Expands North American Reach With AFS, Anchor Deals
White Cap, a specialty construction supplies and safety products distributor backed by Clayton, Dubilier & Rice and The Sterling Group, expanded its North American footprint by acquiring Advanced Forming Solutions (AFS), a Castle Rock, WA-based concrete forming/shoring provider, and Anchor Construction Industrial Products, a Winnipeg, Canada-based distributor of construction supplies with six locations in Western Canada. The acquisitions bolster White Cap's service to professional contractors across the US and Canada.
Thyssenkrupp Reclaims Steel Stake, Eyes Indian Suitor After JV Collapse
German industrial conglomerate Thyssenkrupp saw its stock jump 6.46% after mutually agreeing with Czech industrial tycoon EP Group to scrap plans for a 50-50 joint venture for Steel Europe, with Thyssenkrupp reacquiring the 20% stake it sold to EP Group for the purchase price paid. The move clears the way for a potential acquisition by Jindal Steel International of India, which submitted a non-binding offer in mid-September to purchase all of Steel Europe. EP Group is an investment holding company controlled by billionaire Daniel Kretinsky.
Venture & Growth
Swiss Robot Maker ANYbotics Secures €127M to Scale Global Rollout
Zurich-based AI-driven robot inspection solutions company ANYbotics announced over €127M ($149.2M) in total funding, boosted by a new investment from Climate Investment (CI) to finance global expansion and the 2026 market launch of the ANYmal X Ex-certified legged robot. CI joined existing investors Aramco Ventures, Bessemer Venture Partners, NGP Capital, Qualcomm Ventures, Supernova Invest, Swisscom Ventures, TDK Ventures and Walden Catalyst Ventures.
Atomic Industries Secures $25M to Scale AI-Driven Manufacturing Platform
Detroit-based AI-powered manufacturing platform Atomic Industries closed a $25M Series A funding round to accelerate its mission of transforming physical production into a scalable utility akin to Amazon Web Services (AWS). The investment was co-led by MaC Venture Capital and DTX Ventures, with additional participation from investors including University of Michigan, S&A, Calm Ventures, Blackwing and Narya. The capital will be used to expand its "software-defined factory" footprint and enhance its proprietary AI system.
Pitz Secures $2.1M to Digitize Auto Repair in LatAm
Guadalajara, Mexico-based Pitz, an AI-driven platform transforming the automotive repair industry, closed a $2.1M pre-seed funding round to accelerate its growth and technology development. Venture capital firm BFF, Marathon, Cracks Fund by Oso Trava, 500 Startups, Amplifica, Boost VC, AngelHub and Latitud participated in the funding round. Pitz will use the capital to expand operations in Mexico and Brazil, develop advanced AI solutions for independent auto repair shops and plan for entry into the US market. The company aims to digitize over 2,500 repair shops in the next year, providing mechanics with personalized websites and automated tools for parts reordering, quoting, and customer interactions.
Real Estate
RLAM Targets Healthcare Boom With £1B REIT Launch
UK-based Royal London Asset Management Property (RLAM Property) launched a dedicated healthcare REIT to scale its UK healthcare infrastructure investment, allocating £1B ($1.3B) for future deployment following £350M ($471.8M) already invested since 2022. The REIT will be a vehicle to attract third-party capital and acquire corporate entities to expand its portfolio of purpose-built care environments, building on its integration of Shoreline Partners earlier this year.
LXP Sells Warehouse Assets for $175M
LXP Industrial Trust, a Class A warehouse and distribution REIT, sold two vacant development projects in Ocala, FL, and Indianapolis, for an aggregate gross price of $175M. LXP expects $151M in net proceeds, which will be earmarked for debt repayment and general corporate purposes.
Dollar Tree Stakes Out Phoenix With $147M Industrial Buy
Dallas-based Lincoln Property Co. completed the $147.1M sale of an industrial building, Park303 Phase 2 Building C in Glendale, AZ, to retailer Dollar Tree for its first metro Phoenix regional distribution facility. Cushman & Wakefield's Reid Wilbraham and Cooper Fratt represented Dollar Tree in the transaction.
Mast Capital, AEW Sell Miami River Apartments for $108M
Miami-based real estate investment and development firm Mast Capital and Boston-based real estate investment firm AEW Capital Management sold Remi on the River, a new 342-unit apartment community in the Miami River District, to Valeris Capital for an undisclosed price, with multiple media outlets reporting a sale figure of $108M. The deal was brokered by Robert Given, Troy Ballard and Michael Mulkern of CBRE.
SmartStop Supercharges Portfolio with APSM Deal
SmartStop Self Storage REIT closed its acquisition of Arizona-based Argus Professional Storage Management (APSM), creating a combined portfolio of over 460 self-storage properties in North America. SmartStop was advised by BMO Capital Markets Corp. (financial advisor) and Nelson Mullins Riley & Scarborough (legal counsel), while Fennemore Craig provided legal counsel to APSM.
26th Street Partners Expands Atlanta Footprint With Krog District Buy
Atlanta-based real estate investment firm 26th Street Partners acquired the Krog Street Market and adjacent properties (Atlanta Stove Works, SPX Alley and the Butler and Gravel buildings) in Atlanta, GA, from Charlotte-based Asana Partners, which had bought the Krog District assets in 2018 for $45.8M.
Dalfen Acquires Fully Leased Miami Logistics Facility
Texas-based Dalfen Industrial purchased an industrial facility located in the highly desirable Miami Lakes Business Park in Florida. The seller, which was not explicitly named in the release, sold the property — which is fully leased to Mr. Glass Doors and Windows — to Dalfen to further expand their portfolio in land-constrained, last-mile logistics markets.
Binghatti Considers IPO Amidst Real Estate Boom
Dubai-based developer Binghatti Holding is reportedly in talks with banks regarding a potential IPO in the United Arab Emirates. The developer is reportedly working with Citigroup, Morgan Stanley, Emirates NBD and EFG Hermes to explore a listing as it seeks to capitalize on Dubai’s surging real estate sector. The IPO plans come as part of a broader fundraising push by Binghatti, which recently launched an asset management arm, secured $460M in commitments for a new real estate fund and issued $1B in sukuk offerings this year. Binghatti's portfolio spans mid-market housing to ultra-luxury projects, including a planned Mercedes-branded tower.
If someone from your team would benefit from these updates, send them this link to subscribe. If you would like to walk through any of this information in our database or learn about additional product offerings, please click here to set up a call.
