EQT / GlobalConnect: EQT is preparing a full sale of Nordic digital infrastructure player GlobalConnect, valued at up to €8B ($9.4B). Goldman Sachs is running the process.

FountainVest & CPE / SML Group: FountainVest Partners and CPE are set to acquire SML Group (RFID & brand ID solutions) for $600M+, with existing management expected to stay on.

PAG, Carlyle, Apax / Accion Labs: The three firms advanced to due diligence for a majority stake in Accion Labs, a US-India digital engineering firm. Sellers TA Associates and True North are advised by JP Morgan and Avendus.

xAI: Elon Musk’s AI firm is raising $10B at a $200B valuation, with backers including a16z, Lightspeed, Sequoia, and Tribe. Funds support AI chip buys and a new Memphis data center.

NVIDIA: Committing £2B ($2.7B) to the UK AI sector, including $500M for Wayve and a £500M stake in Nscale, alongside investments in Oxa and Revolut.

Freckle.io: Raised $4M led by Google’s Gradient fund to expand CRM data integrations and partnerships.

Apollo / Atlético Madrid: Apollo Global is negotiating a majority stake in the Spanish soccer club at a €2.5B ($2.9B) valuation. Existing shareholders, including CEO Miguel Ángel Gil Marín, President Enrique Cerezo, Quantum Pacific, and Ares, would retain minority stakes. A capital raise is expected to fund the club’s “Ciudad del Deporte” project.

BMG / Jason Aldean Catalog: BMG acquired Jason Aldean’s music catalog for $250M, covering nine studio albums. The deal consolidates Aldean’s recordings under BMG (already home to his label) and pushes its total catalog investment to $1.5B, alongside rights from The Rolling Stones and Tina Turner.

Roche / 89bio: Roche to acquire 89bio for up to $3.5B, focused on lead MASH therapy pegozafermin.

Cohere Health / ZignaAI: Acquires ZignaAI to integrate AI-driven payment solutions; founder joins as SVP.

Spire Healthcare: Exploring strategic options, including a potential sale of UK hospital and clinic network.

GOJO Industries: Considering full or partial sale; valued near $2B.

Harbor Health / VillageMD Clinics: Acquires 32 clinics, expanding Texas footprint from 1.6M to 14M patients.

Aspect Analytics: Raises €10M ($11.8M) Series A led by PMV and Capricorn Partners to expand its spatial biology platform Weave globally.

Patients Know Best: Secures investment from DNV to grow its personal health record platform internationally; DNV’s Stephen McAdam joins the board.

Cellvie: Raises $5M led by Taiho Ventures to advance mitochondria-based therapeutics, including kidney transplant programs.

BranchLab: Receives undisclosed investment from Next Ventures to scale its AI healthcare marketing platform Pathwai.

Dewpoint Therapeutics: Series D financing supports clinical trials for gastric cancer drug DPTX3186, extending operations into 2027.

Stone Point & CPPIB / OneDigital: Acquiring a majority stake at a $7B valuation; Onex retains a minority position. Deal to fuel organic growth and acquisitions; closes expected in Q4.

Aquarian-Led Consortium / Brighthouse Financial: In advanced talks to buy the annuities and life insurer for up to $4B, with co-investors Mubadala Capital and Qatar Investment Authority.

Carson Group / Wells Trecaso: Acquires $570M advisory practice in Ohio, expanding Carson’s wealth management footprint; MarshBerry advised.

Gresham House / SUSI Partners: Acquires Swiss energy transition firm; creates a new division managing £2.7B ($3.64B) and boosts AUM to £10.2B ($13.74B).

Macquarie / Carlyle: Held talks for a potential merger to create a $1T+ alternative asset manager; discussions ended due to Carlyle’s strong performance.

Xplor / Ezypay: Advent-backed software/payments firm acquires Australian recurring payments provider; expected to close in December.

CI Global / Forge First: Acquires alternative asset manager with $1B AUM, expanding CI’s alternative investment offerings; Forge First keeps brand.

Onex Partners / Integrated Specialty Coverages: Acquires insurance platform from KKR; notable employee ownership payouts and strong growth under prior ownership.

Extend: Raises $20M debt & equity to support growth and launch of paid SaaS.

Grvt (Singapore DEX): Secures $19M Series A to scale zero-knowledge finance platform.

Kilde: Closes $1.5M pre-Series A to expand private credit business in Asia, aiming to grow AUM beyond $127M.

IOP / Charcuterie Artisans: Recapitalizes company, erasing $200M debt with partners Oaktree, Sandton, and Contrarian.

Ames Watson / Claire’s: Acquires mall retailer for $140M, aiming to revitalize the nostalgic brand.

Arbor / Acxion Foodservice: Second Arbor Investments VI platform deal; acquisition expands sales, marketing, and data services in North American foodservice.

Heartland / SLIMFAST US: Adds SLIMFAST to portfolio including Splenda; deal size undisclosed.

71 Brewing / Bon Accord: Expands into plant-based soft drinks, combining craft beer and soft drink portfolios.

Flavour Farm / RedStar: Acquires Dutch tomato specialist to grow Cibus-backed European tomato network; deal closes 2025.

Silver State / Atlantic Coast: Expands southern US footprint in commercial HVAC and kitchen services.

Le Walk: Raises $4.1M seed to expand guided AR tours from France to Italy, with plans for Barcelona and London.

Lake.com: Secures $2.6M pre-seed to disrupt the $20B vacation-rental market for lakefront properties.

Food for Skin: Receives undisclosed investment to scale sustainable beauty and upcycling projects across Europe.

Seki Furniture / L Catterton: Strategic investment supports expansion in Japan’s booming home and furniture market.

XRG Consortium / Santos: Walks away from Australian energy company bid, citing regulatory and deal-allocation risks.

Uniper / Datteln 4: Sells German coal-fired power plant to Prague-based ResInvest Group, including heat facilities, to comply with EU conditions.

Factor2 Energy: Raises $9.1M seed to develop CO₂-based geothermal power system, doubling output versus conventional systems.

Rockpoint Gas Storage / Brookfield: Files for Canadian IPO; Brookfield retains ~60% control.

Parker-Hannifin / Curtis Instruments: Acquires $1B EV motor and controls business to expand Motion Systems Group.

Keltec / Swift Filters: Combines expertise in air, gas, and hydraulic filtration; backed by Vance Street and Apogem Capital.

ArchKey / ODEC: Expands national service reach through acquisition of Florida-based electrical contractor.

Argosy / Groome Industrial: Exits investment after 900% EBITDA growth, driven by multiple acquisitions.

Portrait Capital / Sticker Ranch + AAi Labels: Merges two label companies to form a new industry platform; Sticker Ranch co-founder becomes CEO.

Azzurra Capital / Proger: Acquires 25% stake (€222M) in Italian engineering firm; management retains majority; kickstarts €40M industrial growth plan.

Blue Energy Motors: Raises $30M to expand LNG and electric truck production across India.

SpaceFields: Secures $5M pre-Series A to scale rocket engine manufacturing and expand teams.

Equilibrium: Raises $3M to scale carbon removal projects across India and South Asia.

Vantage Specialty Chemicals / H.I.G.: Completes debt refinancing with Silver Point, strengthening operations in 11 countries.

Royal Oak Recycling / Tamarix Equity: Receives strategic equity to support multi-state expansion across 22 states with nine facilities.

Kennedy Wilson / Toll Brothers: Acquires Apartment Living platform for $347M, including 18 properties and 29 development sites.

JLL REIT / West Raleigh Distribution Center: Buys five-building industrial complex for $190M, 87% leased to healthcare tenants.

Scout24 / Fotocasa + Habitaclia: Acquires Spanish platforms for €153M ($179.8M), entering Spain’s digital real estate market.

Hanover Co. / AEW: Sells 297-unit MA apartment complex for $156M.

Bank of America / Santander: Acquires Spanish real estate loan portfolio €100M ($118M).

MG Properties / The Pearl at St. Rose: 270-unit Las Vegas apartments for $64M.

Oakley Group / Flats at East Bay: 240-unit AL multifamily community for $49.8M.

Continuum Development / Church Street Plaza: Retail complex in Evanston, IL for $31.2M, 98% leased.

Chase Properties / The Levee District: Retail center in Peoria, IL for $21.1M, 94% leased.

ASCP / Carrollton Flats: $15M equity investment in $49M multifamily development in GA.

Axiom Realty / Fairview Centre: Acquires OH retail property for $13.8M.

Westwood Financial / Shops at Stone Creek: Acquires grocery-anchored retail center in TX, price undisclosed.

Gelt Venture Partners / Alvera at the Meadows: Utah apartment property, price undisclosed.

Viking Capital / The Hamilton: 232-unit TN multifamily property, firm’s 31st acquisition.