A consortium comprising AIP, MGX and BlackRock's GIP has closed the $40 billion acquisition of Aligned Data Centers, the largest data center deal in history. The group has also committed an additional $5 billion in growth capital to expand AI-ready capacity across Aligned's 51-campus global portfolio.
Australian private equity firm Next Capital has signed an agreement to acquire Fujitsu's Australian data centre business, comprising five operational facilities across New South Wales, Victoria, Queensland and Western Australia. The transaction, expected to close later this year, will establish an independent Australian-managed platform with expansion plans.
Zhang Yichen, chairman and CEO of Citic Capital Holdings, argues that buyout funds and M&A, rather than IPOs, will define China's next capital market cycle as the country seeks to establish "patient capital" and resolve the exit bottleneck for private equity funds. A proposed national M&A fund and regulatory reforms could reshape the landscape.
Uber has reached an agreement to acquire Germany's Delivery Hero for $14.8 billion, combining Uber Eats with food delivery brands across 99 countries. The deal, which includes the sale of certain operations to SSW Partners for $1.6 billion, is expected to close in the second half of 2027.
Britain's Segro has rejected a third takeover bid from U.S. warehousing giant Prologis, valued at £13.5 billion ($18.2 billion). The board insists the offer undervalues the company's portfolio and growth prospects, while Prologis urges shareholders to push for a deal ahead of a July 22 deadline.
Stripe and Advent International have made a joint approach to acquire PayPal at $60.50 per share, valuing the payments company at more than $53 billion. The proposal is backed by roughly $50 billion in committed bank financing, but PayPal has not formally responded and there is no certainty of a deal.
