Power Plays & Mega Mergers

Haveli Investments: Completes $1.5B all-cash acquisition of Couchbase, which will be delisted from Nasdaq; advised by Jefferies and Latham & Watkins.

TeamSystem / Sellsy: Hellman & Friedman-backed TeamSystem acquires French CRM provider Sellsy; PSG Equity exits; deal terms undisclosed.

SoftProject / Blueway: SoftProject (Main Capital Partners) acquires French data integration firm Blueway to enhance its digital transformation platform; terms undisclosed.

Newfold / Markmonitor: Clearlake-backed Newfold sells Markmonitor to PX3 Partners’ Com Laude to focus on core brands; financial and legal advisors included RBC, KPMG, Sidley Austin.

Xplor/Clubessential: JPMorgan-led group arranging $1.35B debt package to support merger backed by Advent International, with Battery Ventures and Silver Lake as minority holders.

Valsoft / Quorum: Valsoft acquires Quorum Information Technologies for CAD 60M ($43.2M), expected to close Q4; TD Securities and McLeod Law advised.

Alchemer / Chatmeter: KKR-backed Alchemer buys AI-powered reputation platform Chatmeter to combine direct and indirect customer feedback tools; Lincoln International and Dechert advised.

Distyl AI: Raises $175M at $1.8B valuation to help Fortune 500s become AI-native enterprises; investors include Lightspeed, Khosla, DST Global, Coatue, Dell Capital.

Signal AI: Secures $165M growth equity, with Battery Ventures taking a majority stake; funds will drive acquisitions, product development, and US/EMEA expansion.

Quo (formerly OpenPhone): Raises $105M growth financing for AI-driven SMB front office platform; includes $96M from General Catalyst.

Macroscope: Raises $30M Series A (total $40M) for AI-powered software development engine to automate code analysis and bug detection.

Mimica: Raises $26.2M Series B to scale process intelligence platform that trains context-aware AI agents.

Greptile: Secures $25M Series A to expand AI code review platform that enforces team-specific coding standards.

Emergent: Raises $23M Series A after $15M ARR in 90 days; AI platform enables non-technical users to build production-ready apps.

Synthesized: Raises $20M Series A to automate enterprise software testing by generating production-like test data.

Conduct: Raises €11.2M ($13.2M) seed round to modernize legacy ERP systems; led by Creandum and angel investors from Palantir, DeepMind, Workday, SAP.

Belfort: Raises $6M seed round for custom silicon hardware enabling encrypted compute; investors include Vsquared Ventures, Jeff Dean, Naval Ravikant.

SolidCore.ai: Raises $4M seed to provide enterprise AI governance and compliance solutions for LLM applications.

Oriane: Raises $1.5M to build an AI-powered video search engine; led by Clint Capital with strategic angels from Google, PayPal, Sony, Jellysmack.

Novacap / Integral Ad Science: Agrees to $1.9B all-cash take-private of media measurement platform; Vista Equity exits; deal expected before end of 2025.

The LEGO Group / Merlin Discovery Centers: Acquires 29 LEGO/LEGOLAND Discovery Centers from Merlin for ~£200M ($269.1M); centers located in nine countries; expected to close by year-end.

United Soccer League / BellTower Partners: Secures minority investment from BellTower; Kewsong Lee joins board as vice chair; funding to support new Division One men’s league and promotion/relegation system.

Civica Media / Greenleaf & Amplify: Acquires Greenleaf Book Group and Amplify Publishing; dual acquisition strengthens author-first hybrid and thought leadership publishing platform; terms undisclosed.

Epresspack / TheNewsMarket: Acquires newsroom platform TheNewsMarket to expand internationally, including US presence; transaction includes brand, 22 employees, and client portfolio; terms undisclosed.

Veylan / Advisr: Acquires media sales platform Advisr; integrates local media sales expertise into AI-native operating system; Advisr CEO becomes Veylan COO; terms undisclosed.

Epic Padel: Raises $10M seed round, co-led by NowaisWorld and Stryde Ventures, to expand US clubs and support global padel ecosystem; includes participation from 305 Ventures, High Water, Off Court Ventures, and athletes.

Navigator: Secures £4M ($5.4M) funding from IW Capital to advance privacy-first digital advertising platform and launch a new SaaS product.

SocialPost.ai: Lands $1M seed led by Ember Venture Capital to enhance AI-powered social media content platform for small businesses, expand features, and scale go-to-market efforts.

Lotus Pharmaceutical / Alvogen Pharma US: Taiwan-based Lotus acquires Alvogen, gaining a US platform, salesforce, Norwich manufacturing facility, and complementary R&D pipeline; Alvogen was backed by Aztiq, Temasek, and CVC.

Kedaara Capital / Axtria: Indian PE firm invests $240M in New Jersey-based AI-first life sciences analytics company Axtria via secondary transactions and employee/early investor liquidity.

Sparrow Pharmaceuticals: Raises $95M Series B to advance Type 2 diabetes therapy clofutriben into Phase 2b trials, co-led by RA Capital and Forbion.

AmplifyMD: Secures $20M Series B led by Forerunner Ventures to scale AI-powered virtual care network and national physician platform.

FYR Bio: Closes $8M round to expand precision medicine platform leveraging extracellular vesicles for oncology, neuroscience, and neurodegeneration applications.

Moneta Health: Raises $4.5M to grow cognitive rehabilitation solutions and expand access in neurology deserts, in partnership with Benefis Health System.

Sonomind: Secures €3M ($3.53M) for personalized, non-invasive ultrasound brain stimulation technology, supported by Critical Path Ventures and France 2030 initiative.

Medline: Considering a $5B IPO as soon as October; backed by Blackstone, Carlyle, and Hellman & Friedman, with Goldman Sachs, Morgan Stanley, JPMorgan, and BofA engaged for the offering.

Stifel Financial: Hires former SVB bankers to expand healthcare and life sciences venture lending, targeting $10B in loan commitments.

Sagard & Unigestion: Merging PE platforms to create a $23B AUM middle-market firm; Bernard Sabrier to chair, Jonathan Tétrault as CEO; deal expected early 2026.

Findango Finance: Sold by Blantyre Capital to MyInvestor, Andbank, and others; platform has financed ~€2B ($2.3B) since 2019.

FIS: Acquires fintech Amount to expand digital banking origination and decisioning capabilities.

Solifi: Buys DataScan to enhance auto wholesale finance and risk management solutions.

Amynta Group / FNC: Acquires Michigan’s Unemployment Services, Inc., with founder Kent Downey staying on.

Inszone Insurance: Acquires century-old Texas agency Head Insurance, strengthening regional presence; owner Chip Head to join.

Tether: Exploring a $15–20B private raise, potentially valuing the stablecoin giant at $500B; selling ~3% stake to select investors.

Tipalti: Secures $200M growth financing from Hercules Capital to expand its AI-driven finance automation platform globally.

Bastion: Raises $14.6M strategic round led by Coinbase Ventures to scale stablecoin infrastructure for enterprises and financial institutions.

Gullak: Bengaluru-based digital gold platform raises $7.5M from Chiratae Ventures and others to expand into tier II/III cities.

Oolka: Raises $7M seed to scale AI-powered credit management platform; co-led by Lightspeed India Partners and Z47.

Shield: Crypto neobank closes $5M seed to enable cross-border trade using stablecoins like USDT; led by Giant Ventures.

Stablecorp: Secures CAD 5M ($3.6M) to expand Canadian digital asset infrastructure and QCAD adoption.

de Jong & Laan (dJ&L): Waterland-backed Dutch auditing firm receives senior credit facility from Northleaf to support growth and acquisitions.

OpenArc Corporate Advisory: Dynasty Financial invests in Atlanta firm managing $129B AUM; CEO Shirl Penney joins board.

WealthFeed: Minority investment from Broadridge Financial to integrate AI-powered prospecting tools with Broadridge marketing platform.

CVC / UAX: CVC Capital Partners puts Spanish private university Universidad Alfonso X El Sabio (UAX) up for sale, potentially valued at €2B ($2.3B); bids include Cinven and a PAI/Providence consortium, sparking a €1B ($1.2B) debt financing battle.

Transworld Systems / DebtNext: Platinum Equity-backed revenue recovery firm acquires Ohio-based DebtNext, integrating its SaaS software dPlat to enhance debt recovery and workflow management.

Thompson Safety / Kartman Fire: Berkshire Partners-backed fire protection services provider expands into Pennsylvania by acquiring Kartman Fire, strengthening its regional fire protection capabilities.

Right Traffic / Southwest Barricades: Genix Holdings-backed traffic control solutions firm enters Arizona market with acquisition of Southwest Barricades; integrates local services with Guardian SmartFlagger tech.

Jensen Hughes / PLC Fire Safety Engineering: Gryphon-backed life safety consulting firm acquires Canadian operations of PLC Fire Safety Engineering, expanding footprint and capabilities in high-risk industries.

BNP Associates / Studdiford Technical Solutions: Godspeed Capital-backed aviation consulting firm acquires Studdiford, expanding terminal design capabilities and key contracts with TSA, American Airlines, and Southwest Airlines.

Enter: Brazilian AI legal management platform raises $35M Series A at a $350M valuation, co-led by Founders Fund and Sequoia. Platform aids enterprises like Itaú, Santander, Mercado Livre, and Nubank in managing lawsuits with AI agents for case intake, fraud detection, and document drafting. Funding will expand capabilities to labor disputes and complex legal strategies—largest AI investment in Latin America to date.

BizzyCar: AI-powered recall management provider for car dealerships secures $20M follow-on Series B, led by Dealer Tire and FM Capital. Total funding surpasses $50M; capital will enhance AI product suite and platform expansion.

Centari: Legal deal intelligence platform closes $8.4M Series A, led by Sentinel Global with participation from GTMfund, Alt Capital, RiverPark Ventures, and others. AI platform helps law firms analyze complex deal documents for strategic advantage.

Builder Prime: Home improvement business management platform completes Series B led by Blueprint Equity. Funding supports expansion of all-in-one platform covering CRM, estimating, project management, and payments.

NEXUS Luxury Collection: Acquires Purple Dragon to create global family clubs; launches The Outpost at NEXUS Club London (2025) and Purple Dragon Studio Club Tribeca, offering members a “global passport” to exclusive clubs.

Odeko: Buys Six Degrees Coffee Service & Distribution, expanding West Coast footprint and launching Odeko Supply app for streamlined cafe ordering.

Shaklee: Acquires select Modere assets in New Zealand, securing key product formulas and trademarks, while establishing Shaklee New Zealand to support Pacific region presence.

WeTravel: Raises $92M Series C led by Sapphire Ventures to expand payment infrastructure, add AI automation tools, and grow its global B2B partner network.

Carro: Secures $60M from Cool Japan Fund to boost demand for Japanese cars, especially PHEVs, across Asia Pacific.

Nxtfood: Raises €49M to triple plant-based meat production in France and accelerate European sales.

The Protein Brewery: Secures €30M Series B to scale fungi-based protein production (Fermotein) and expand into US, Europe, and Singapore.

P-Tal: Raises $3M to expand global kitchenware brand into US, Europe, UK, and Middle East while boosting R&D.

Time-Travelling Milkman (TTM): Raises €2M Pre-Series A to commercialize Oleocream, enhancing plant-based creaminess across Europe.

Fruitist: Receives undisclosed investment from NFL QB Caleb Williams’ 888 Midas to grow superfruit brand in the health and wellness sector.

Tennet Germany: APG, GIC, and Norges Bank to acquire 46% stake for €9.5B, funding grid upgrades to support Germany’s net-zero goals; closing expected H1 2026.

OpenAI & Partners: Plan five new US AI data centers with $400B+ investment to power generative AI services across Texas, New Mexico, Ohio, and the Midwest.

Aquavista Watersides & Marinas: Antin Infrastructure acquires UK marina operator from LDC via €2.2B Mid Cap Fund I, marking a seven-year exit for LDC.

CPS Energy: Completes $1.387B acquisition of four natural gas plants from PROENERGY, adding 1,632 MW of dual-fuel capacity in Texas ERCOT market; PROENERGY to continue operations.

Mirion Technologies: Acquires Paragon Energy Solutions for $585M to expand nuclear power solutions footprint; deal expected to close by end of 2025.

sun.store: Raises €6M ($7M) seed funding to broaden B2B solar and clean-energy equipment offerings.

Advanced Drainage Systems: Acquires NORMA Group’s water management unit for $1B, gaining six plants and ~1,100 employees across the US, Mexico, India, Malaysia, and Italy; deal expected to close Q1 2026.

Auterion: Raises $130M Series B, including $25M in non-dilutive US Department of War capital, to scale its AuterionOS platform and Nemyx defense system.

Firehawk Aerospace: Secures $60M led by 1789 Capital and Donald Trump Jr. to expand scalable 3D-printed propellant tech for rockets and ammunition.

Holy Technologies: Raises €4.3M ($5M) to launch autonomous factory for lightweight composite components.

Xbattery: Secures $2.3M seed funding to develop battery management systems for EVs and grid-scale applications.

Cetasol: Raises €2.3M ($2.7M) to scale AI solutions for the maritime industry globally.

CASSIE: Receives joint investment from Generation Food Rural Partners, Oklahoma state, and George Kaiser Family Foundation to expand clean-air technology and local economic growth.

Dhoot Transmission: Bain Capital-backed automotive parts maker targets $1.5B valuation with a ~$250M Mumbai IPO, led by Axis Bank, Kotak Mahindra, Jefferies and Nomura.

Mech-Mind Robotics: Beijing-based AI robotics firm plans a $200M Hong Kong IPO, backed by Meituan and HongShan Capital, to expand industrial 3D camera and AI software offerings.

Fermi Inc. IPO: Rick Perry’s REIT plans to raise $550M, centered on a Texas energy and data center campus; UBS, Evercore, Cantor Fitzgerald and Mizuho lead the offering.

CapitaLand India Trust: Nearing $140M sale of Chennai and Hyderabad tech parks to Viko Group, expanding the family office’s income-generating office portfolio.

Centerspace: Sells five St. Cloud, MN multifamily communities for $124M, fully exiting the market; proceeds to reduce debt and fund corporate purposes.

Steerpoint-SteelWave JV: Acquires The Shoppes at Carlsbad, CA for $71.5M, anchored by Dave & Buster’s, Sephora and Zara.

Next Wave: Buys 71-unit Ascension at Manistee Ranch in Glendale, AZ for $23.45M.

Brixton Capital: Acquires Carmel Mountain Gateway Plaza, San Diego for $21.3M, its fifth California retail purchase this year.

EYA & Bernstein: Buy two office buildings and land in Rockville, MD for $18M, planning 200+ townhome redevelopment.

GFO Investments & InSite Group: Acquire The Galleria at Fort Lauderdale, FL, planning redevelopment; sale price undisclosed.

Highland Partners: Purchases 114-unit Christopher Village apartment in Ogden, UT; transaction details undisclosed.

Banner Real Estate Group: Acquires St. Paul, MN self-storage facility, financed by Highland Bank.