4 stories from 3 sources
Day’s Recap is unavailable for this topic and date. Feel free to go through our curated list of stories below.
A curated list of other prominent stories from this day.
Adyen agreed to acquire Orb for $335 million to strengthen its tools for businesses that use usage-based pricing. The deal uses a reverse triangular merger and Orb will operate as an indirect, wholly owned subsidiary under an incubator model.
7:36 PMPYMNTSBlackstone is in discussions with H&R Real Estate Investment Trust about a potential acquisition, according to people familiar with the matter. The talks are not described as final and could still change or end without a deal.
3:20 PMBloomberg MarketsZincFive will go public by merging with a SparkLabs-backed SPAC at a $600 million pre-money valuation. The company makes batteries used in data centers, a market under pressure to improve power resilience as AI workloads grow.
7:30 AMBloomberg MarketsPermira will take a majority stake in CDP's core operations as part of an energy transition investment strategy. The deal shifts control of a key climate disclosure platform from a non-profit model toward private equity ownership.
6:02 AMFinancial TimesSummary
Adyen agreed to acquire Orb for $335 million to strengthen its tools for businesses that use usage-based pricing. The deal uses a reverse triangular merger and Orb will operate as an indirect, wholly owned subsidiary under an incubator model.
Why it matters
The acquisition positions Adyen to capture more value from fast-growing usage-based AI revenues by controlling the metering and pricing layer that feeds payments.
Summary
Blackstone is in discussions with H&R Real Estate Investment Trust about a potential acquisition, according to people familiar with the matter. The talks are not described as final and could still change or end without a deal.
Why it matters
A Blackstone bid would be a major price signal for battered public REIT valuations and could accelerate private-equity consolidation in Canadian real estate.
Summary
ZincFive will go public by merging with a SparkLabs-backed SPAC at a $600 million pre-money valuation. The company makes batteries used in data centers, a market under pressure to improve power resilience as AI workloads grow.
Why it matters
If public capital keeps flowing to data center power hardware, competition and deployment speed in critical infrastructure will increase.
Summary
Permira will take a majority stake in CDP's core operations as part of an energy transition investment strategy. The deal shifts control of a key climate disclosure platform from a non-profit model toward private equity ownership.
Why it matters
Ownership of climate-data plumbing is consolidating, and that can reshape standards, costs, and trust in reported emissions data.
Make it yours
Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!