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Top Highlights
Private equity firms Stone Point Capital and Genstar Capital agreed to invest in Ascensus, a provider of administrative and recordkeeping services, according to press releases. Financial terms were not disclosed.
Ascensus is advised by Bank of America, JP Morgan, Wells Fargo Securities and Simpson Thacher & Bartlett. Stone Point Capital is advised by Lazard. Genstar Capital is advised by Goldman Sachs, Morgan Stanley and Willkie Farr & Gallagher (led by Manuel Miranda, Thomas Sharkey and Jeffrey Poss), according to press releases.
Private equity firms Providence Equity Partners and Varsity Healthcare Partners agreed to acquire a majority stake in CheckedUp, a healthcare technology company, according to press releases. Financial terms were not disclosed.
CheckedUp is advised by Moelis & Co, Greenberg Traurig, Honigman Miller Schwartz & Cohn and AMW PR (led by Angela Gorman). Providence Equity Partners is advised by Debevoise & Plimpton (led by Kevin Rinker, Erik J Andren and Sergio Torres), Mintz Levin and Profile Advisors. Varsity Healthcare Partners is advised by Debevoise & Plimpton, Mintz Levin and Prosek Partners (led by Mickey Mandelbaum), according to press releases.
Ridgeview Partners, a growth-oriented technology private equity firm, agreed to acquire Pinewood Technologies Group, a cloud-based, AI-first, full-service technology provider, for £545m ($737m), according to press releases.
AMERICAS
Car-seller Copart is among suitors for car insurance software firm CCC. (Bloomberg)
US transport regulator resumes review of Union Pacific's proposed Norfolk merger. ( Reuters)
Anthropic pre-IPO credit facility set to climb past $10bn. (Bloomberg)
Defense tech firm Lyntris, backers raise $297.5m in IPO. (Press Release)
Reach Capital closes $265m fund V for technologies that expand human potential in the AI era. ( Press Release)
EMEA
British data group Quantexa exploring UK or US IPO. (Reuters)
APAC
Bain unit Proterial seeks $1.3bn from Japan wire firm sale. (Bloomberg)
EQT is said to mull sale of English language schools in Vietnam. (Bloomberg)
Unitree Robotics surges 460% after $904m Shanghai IPO. (Bloomberg)
Tiger Global-backed broking firm Upstox said to plan India IPO. (Bloomberg)
Siguler Guff raises $500m fund to back high-growth businesses in India. (Press Release)
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AMERICAS
Willis Re, a specialist international reinsurance broker, agreed to acquire the US Reinsurance division of BMS Group, the independent specialist insurance and reinsurance broker, according to press releases. Financial terms were not disclosed.
BMS Group is advised by Deloitte, PricewaterhouseCoopers, Evercore and Skadden Arps Slate Meagher & Flom (led by Todd E. Freed), according to press releases and MergerLinks data.
Stellex-backed The Crest Group, a global industrial technology company, completed the acquisition of Dukane, a manufacturer of advanced ultrasonic welding, plastic bonding, cutting and sealing technologies, according to press releases. Financial terms were not disclosed.
Dukane was advised by Stout Capital and Paul Hastings. The Crest Group was advised by Morrison Foerster and Prosek Partners. Stellex was advised by Prosek Partners, according to press releases.
Arcline-backed Arxis, a publicly traded industrial compounder, completed the acquisition of Omnetics Connector Corporation, a designer and manufacturer of high-reliability micro-miniature and nano-miniature electronic connectors, for $770m, according to press releases.
Arxis was advised by William Blair & Co. Omnetics Connector Corporation was advised by Vermillion Capital. Arcline was advised by Joele Frank (led by Kate Thompson and Tim Ragones), according to press releases and MergerLinks data.
R1, a specialist in healthcare revenue management, agreed to acquire Humata Health, a provider of AI-powered, touchless prior authorizations, according to press releases. Financial terms were not disclosed.
Humata Health is advised by Lazard. R1 is advised by Morgan Stanley, according to press releases.
Prysm Capital, a growth private equity firm, led a $150m Series D round in ALSO, an electric mobility company, with participation from Eclipse, Greenoaks and MVP Ventures, according to press releases.
Prysm Capital was advised by Codeword, according to press releases.
Seligman Ventures, a venture capital firm, led a $110m Series A round in Velaura AI, a developer of ultra-low-power AI compute infrastructure, with participation from Capricorn Investment Group, Prosperity7 Ventures, Mayfield, Maverick Silicon, MARA, Premji Invest, Samsung Catalyst Fund and StepStone Group, according to press releases.
Velaura AI was advised by Racepoint Global (led by Simone Illsley), according to press releases.
Veralto, a provider of essential water and product quality solutions, agreed to acquire Cleanwater1, a provider of on-site hypochlorite disinfection, solids management and odor filtration technologies, for $465m, according to press releases.
ICONIQ, a privately-held investment firm, led a $100m Series C round in Rillet, a modern ERP platform that automates accounting processes, with participation from Sequoia, Andreessen Horowitz, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners and Creandum, according to press releases.
Car-seller Copart is among suitors for car insurance software firm CCC. ( Bloomberg)
Copart is in discussions to acquire car-insurance software provider CCC Intelligent Solutions, which has been exploring a potential sale.
The used and salvaged vehicle marketplace is competing with private equity firms including GTCR and Veritas Capital for CCC. Discussions remain ongoing, and no agreement has been reached.
US transport regulator resumes review of Union Pacific's proposed Norfolk merger. ( Reuters)
The deal, announced in July 2025, would create the first coast-to-coast US freight railroad. The regulator has established a timeline for public comments and requested additional documentation as it continues its review.
Anthropic pre-IPO credit facility set to climb past $10bn. ( Bloomberg)
Anthropic’s revolving credit facility is expected to exceed its roughly $10bn target as the artificial intelligence company prepares for a potential initial public offering.
The expanded facility is attracting interest from banks seeking to strengthen their position for potential roles in the Claude developer’s future IPO.
Defense tech firm Lyntris, backers raise $297.5m in IPO. ( Press Release)
Lyntris and some of its shareholders raised $297.5m in a downsized US initial public offering that priced below the marketed range. The sensor technology company and investors including Trive Capital sold 17m shares at $17.50 each.
The shares had been marketed at $19–$22 each, with the original offering expected to include 24m shares, indicating weaker-than-expected investor demand.
Reach Capital closes $265m fund V for technologies that expand human potential in the AI era. ( Press Release)
Reach Capital has closed its fifth fund, Reach V, at $265m, with the oversubscribed vehicle attracting commitments from existing and new investors including endowments, pension funds, foundations and family offices.
The early-stage venture capital fund will focus on companies applying artificial intelligence across learning, healthcare and work. Reach Capital now manages about $1bn across five funds and has backed more than 180 companies.
EMEA
Oakley Capital, a private equity firm, completed the investment in Graphwise, a Graph AI provider, according to press releases. Financial terms were not disclosed.
Optiver, a global market maker, agreed to acquire a majority stake in Northpool, a European energy trading firm headquartered in Leiden, the Netherlands, according to press releases. Financial terms were not disclosed.
Optiver is advised by Rothschild & Co. Northpool is advised by AXECO Corporate Finance (led by Arjan Vos) and Stibbe (led by Duco de Boer and Marc Habermehl), according to press releases and MergerLinks data.
Paragon Partners, a Munich-based private equity firm, agreed to invest in Babtec Informationssysteme, a provider of integrated quality management software in the DACH region, according to press releases. Financial terms were not disclosed.
Babtec Informationssysteme is advised by POELLATH (led by Otto Haberstock), according to press releases and MergerLinks data.
British data group Quantexa exploring UK or US IPO. ( Reuters)
British AI company Quantexa is considering a multibillion-dollar initial public offering in the UK or US, with both markets also under consideration for a potential dual listing. The company has been IPO-ready since January 2026 but has not set a timetable and could remain privately held.
Separately, Warburg Pincus is exploring options for its 9%–10% stake in Quantexa, including a potential sale, with an auction expected later in 2026. Quantexa was valued at about $2.6bn in its latest funding round.
APAC
KKR, an investment firm, agreed to acquire a minority stake in BookMyShow, an Indian online entertainment marketplace, according to press releases. Financial terms were not disclosed.
BookMyShow is advised by Avendus and Trilegal, according to press releases.
EQT Partners, a global investment organisation, agreed to invest in Melbourne Storm, an Australian rugby league football club, according to press releases. Financial terms were not disclosed.
Dover, an American conglomerate manufacturer of industrial products, agreed to acquire Leistung, an Indian manufacturer of filtration systems, according to press releases. Financial terms were not disclosed.
Bain unit Proterial seeks $1.3bn from Japan wire firm sale. ( Bloomberg)
Bain Capital-backed Proterial is considering selling its wire, cable and automotive parts businesses in a deal that could value the operations at JPY150bn–JPY200bn ($940m–$1.25bn).
The businesses were separated earlier in 2026 into a new company called Proterial Cable Solutions. The potential divestment remains under consideration, and no final decision has been made.
EQT is said to mull sale of English language schools in Vietnam. ( Bloomberg)
EQT is considering selling its English-language education businesses in Vietnam, ILA Vietnam and Vietnam-USA Society English Centers, in a deal that could value the combined operations at about $500m.
The private equity firm is working with a financial adviser on the potential divestment. Discussions remain preliminary and may not result in a transaction.
Unitree Robotics surges 460% after $904m Shanghai IPO. ( Bloomberg)
Unitree Robotics surged 460% in its Shanghai trading debut after raising CNY6.1bn ($904m) in an initial public offering, becoming mainland China’s first publicly traded humanoid robot maker.
The shares closed at a level giving the company a market value of CNY342bn ($50.7bn), after rising as much as 629% from the CNY150.80 ($22.36) IPO price during the session.
Tiger Global-backed broking firm Upstox said to plan India IPO. ( Bloomberg)
Upstox, one of India’s largest online trading platforms, has begun preparations for a potential initial public offering and is expected to appoint advisers soon. The Tiger Global-backed brokerage could raise about $400m through the listing.
The proposed IPO is expected to include a mix of new shares and a sale by existing investors. Discussions remain preliminary, and details including the size and timing could still change.
Siguler Guff raises $500m fund to back high-growth businesses in India. ( Press Release)
Siguler Guff has closed its Global Emerging Markets Growth Opportunities Fund II at $500m, more than double its previous fund. The vehicle will target high-growth businesses in India, with average investments of around $50m.
The fund will focus on consumer, healthcare, financial services and technology. Siguler Guff has invested about $1bn across 23 Indian companies to date.
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