Joe Blog

Top 10 Material Transactions: September 2026

Written by Cate Costin, Marketing Manager | Oct 23, 2026, 3:45:00 PM

Data sourced from Dakota Private Markets, the private fund performance platform powered by Dakota. Learn More | Request Access

For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.

In September alone, we added more than 2,700+ new private company transactions, bringing the total to over 32,000+ searchable deals across sectors, industries, and transaction types in Dakota Private Markets

Inside Dakota Private Markets, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the Dakota transactions newsletter, helping you cut through the noise and focus on what matters most.

To ensure the most comprehensive coverage of private market activity, Dakota’s team monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.

Below are the top 10 material transactions.

1. Prince & Izant - Carve-Out / Divestiture

  • Transaction Date: 9/28/2026
  • Industry: Chemicals
  • Type: Buyout/Private Equity
  • Transaction Value: $1.066B

TransDigm completed its acquisition of Prince & Izant, a Cleveland-based maker of highly engineered brazing alloys and specialty metal components for aerospace and defense, aeroderivative turbine, and transportation markets, from Industrial Growth Partners for approximately $1.066 billion in cash, including certain tax benefits. Announced July 27, 2026, the deal added a business expected to generate about $360 million in 2026 revenue, with most of it coming from the aftermarket. P&I has roughly 220 employees across four U.S. manufacturing sites.

2. Ivano-Frankivskcement (IFCEM) - Strategic Acquisition

  • Transaction Date: 9/23/2026
  • Industry: Construction Materials
  • Type: Acquisition/Merger
  • Transaction Value: $857M

TCC Group Holdings’ board approved a plan for its Dutch subsidiary to acquire 100% of Ukrainian cement producer Ivano-Frankivskcement (IFCEM) and three related companies (Ivano-Frankivsk-Dakh, KRU Gips, and KRU Mix) for up to €750 million ($857 million), subject to adjustments for net debt and net working capital. IFCEM holds roughly 36% of the Ukrainian cement market and reported 2025 revenue of UAH 16.25 billion (about US 362 million) with a 26.4% net margin, and the deal extends TCC’s European cement footprint into Eastern Europe. It remains subject to regulatory approvals in Taiwan, Ukraine, and other jurisdictions, with Morgan Stanley advising.

3. Metra - Carve-Out / Divestiture

  • Transaction Date: 9/14/2026
  • Industry: Construction Materials
  • Type: Buyout/Private Equity
  • Transaction Value: $744.68M

KPS Capital Partners agreed to sell Metra, an Italy-based global manufacturer of extruded aluminum profiles used in rail, industrial, and building and construction markets, to Grupa Kęty, a Warsaw-listed Polish industrial group, for €645 million. KPS acquired Metra in July 2021 and grew it through five add-on acquisitions and investments in new presses and capacity. Metra has nine manufacturing facilities and about 1,400 employees, and the deal is expected to close in the first quarter of 2027, subject to customary closing conditions and approvals.

4. Vista Gold Corp - Strategic Acquisition

  • Transaction Date: 9/20/2026
  • Industry: Metals & Mining
  • Type: Acquisition/Merger
  • Transaction Value: $427M

Artemis Gold agreed to acquire Vista Gold, owner of the Mt Todd gold project in Australia’s Northern Territory, in an all-stock deal at 0.0966 Artemis shares per Vista share, implying US$2.83 per share and a total value of about US 427 million, a 29% premium. No cash or new debt is involved, and Vista shareholders will own about 5% of the combined company. The deal needs Vista shareholder, court, and regulatory approvals (including Australian FIRB), and it is expected to close in January 2027.

5. Chilean Containerboard and Corrugated Business - Asset Purchase

  • Transaction Date: 9/23/2026
  • Industry: Paper & Forest Products
  • Type: Acquisition/Merger
  • Transaction Value: $420M

Smurfit Westrock agreed to acquire the Chilean containerboard and corrugated business of Empresas CMPC for $420 million, a post-synergy multiple of less than 6x Adjusted EBITDA. The business includes one recycled containerboard mill in Santiago (about 250,000 tons per year), three corrugated plants, and one molded tray facility, and it makes Smurfit Westrock a leading player in Chile. The deal will be funded with the company’s own liquid resources and is expected to close in the first half of 2027, subject to regulatory approvals.

Want to track material deal activity like this as it happens? Explore the full transactions tab in Dakota Private Markets for real-time, filterable data on every deal in this sector.

6. Cozamin underground copper mine - Asset Purchase

  • Transaction Date: 9/26/2026
  • Industry: Metals & Mining
  • Type: Acquisition/Merger
  • Transaction Value: $385M

Luca Mining signed a definitive agreement to acquire 100% of the Cozamin underground copper mine in Zacatecas, Mexico, from Capstone Copper for up to US385million.ThatisUS290 million upfront (US$275 million cash and US15 million in shares), US$35 million payable 12 months after closing, and up to US $ 60 million in copper-price-contingent payments from 2027 to 2029. The deal is funded by a US$300 million package of term debt, a bought deal and private placement, a Wheaton silver stream, and a Trafigura equity backstop. Closing is expected in Q4 2026, subject to Mexican antitrust and TSXV approvals.

7. Aura Minerals Inc - Direct Lending

  • Transaction Date: 9/18/2026
  • Industry: Metals & Mining
  • Type: Credit
  • Transaction Value: $200M

Aura Minerals entered into a US$200 million syndicated loan facility at the holding company level, with Citigroup Global Markets and Itaú BBA as joint lead arrangers and bookrunners. The loan bears interest at SOFR + 2.70% with a two-year grace period and five-year maturity, and proceeds will go toward supplier payments and prepaying production and sales costs. It supports Aura’s growth toward over 600k GEO per year, including construction of Era Dorada and expansions at Almas and Borborema.

8. Lithium Argentina AG - Structured Credit

  • Transaction Date: 9/16/2026
  • Industry: Metals & Mining
  • Type: Credit
  • Transaction Value: $180M

Lithium Argentina closed a $180 million strategic investment from Ganfeng Lithium Group through a six-year unsecured convertible note with a 4.0% coupon, convertible at $12.50 per share. Net proceeds and cash on hand will repay in full the company’s $259 million convertible notes due January 2027. Ganfeng, which owns about 9.6% today, would hold about 16.1% on a fully diluted basis after conversion, and the joint venture to consolidate the Pozuelos-Pastos Grandes project remains on track for completion by the end of September 2026.

9. Metycle - Direct Lending

  • Transaction Date: 9/23/2026
  • Industry: Metals & Mining
  • Type: Credit
  • Transaction Value: $150M

Metycle, a Cologne-based global supplier of secondary copper and aluminum, secured a $150 million credit facility from Rivonia Road Capital, an asset-backed lending manager. The facility will finance eligible transactions across the full trade cycle, from supplier payment through buyer settlement, letting Metycle execute larger deals and move greater volumes of specified, smelter-ready scrap to industrial buyers and smelters. Metycle combines commodity trading, physical processing at its AI-enabled SmartSorting Hub in Belgium, and digital verification through its TrustTrack platform.

10. Hertha Metals - Series A

  • Transaction Date: 9/29/2026
  • Industry: Metals & Mining
  • Type: Vventure
  • Transaction Value: $133.65M

Hertha Metals closed a $133.65 million Series A, including a $65 million equity investment from the U.S. Government through its IBAS program, co-led by Khosla Ventures and Doerr Capital with participation from Toyota Ventures, Siemens Financial Services, Gates Frontier, and others. The funds will build Hertha Chalyx, a Texas plant planned to produce 10,000 tonnes of steel-grade and magnet-grade high-purity iron, a material the U.S. currently imports almost entirely for rare-earth magnets. The company’s single-step Flex-HERS process is claimed to cut production costs by 25% versus blast furnaces, and Chalyx is expected to break ground this year.

Transactions in Dakota Private Markets

At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Dakota Private Markets, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, request access to Dakota Private Markets.