MERIDIAN
THE CAPITAL MARKETS INTELLIGENCE REVIEW

MERIDIAN WEEKLY

19 Oct – 25 Oct 2026 · 28 transactions · €28.8bn disclosed value
M&A · 14LevFin · 5ECM · 5Debt Advisory · 2LBO · 1Restructuring · 1
The week's largest deals
LBO · Healthcare · €10.8bn
Buyout firm EQT acquires German diagnostics group in €10.8bn deal
Buyout firm EQT has acquired Germany’s Qiagen in a take-private transaction valued at €10.8 billion. This deal represents one of the largest take-private transactions in Europe this year.
Source: Financial Times
M&A · Industrials · €5.8bn
EQT Infrastructure to acquire Australian waste management firm Cleanaway at $6.5bn valuation
EQT Infrastructure is set to acquire Cleanaway, an Australian waste management firm, for an estimated valuation of $6.5 billion. Cleanaway provides collection, recycling, treatment, and disposal services across Australia.
Source: PE Hub
M&A · TMT · €5.1bn
Salesforce to Acquire Customer Engagement Platform Braze for $5.7 Billion
Salesforce has announced its intention to acquire Braze, a customer engagement platform, in a deal valued at $5.7 billion. This acquisition is expected to enhance Salesforce's customer relationship management capabilities.
Source: Deal Reporters
M&A · Industrials · €2.6bn
KKR Sells Railcar Lessor Infinity Transportation to Ares for $2.9 Billion
KKR has agreed to sell its railcar lessor, Infinity Transportation, to Ares Management for $2.9 billion. Infinity Transportation owns and manages approximately 50,000 railcars leased to over 350 customers across the US, Canada, and Mexico. The transaction diversifies Ares' ass…
Source: PE Hub
LevFin · TMT · €2.2bn
Workday prices $2.5bn senior notes offering
Workday Inc. priced a registered public offering of senior notes totaling $2.5 billion. The notes were underwritten and the proceeds will be used for general corporate purposes.
Source: PR Newswire
M&A · TMT · €890m
CBRE acquires Onnec for up to $1 billion, strengthening data centre business
CBRE Group has acquired Onnec, a European data centre services provider, for up to $1 billion. The initial price is approximately $610 million, with an additional $400 million tied to growth targets.
Source: Cinco Dias
ECM · Financial Services · €600m
Seaya Raises 600 Million Euros in First Close of Nova Technology Fund
Venture capital firm Seaya has raised 600 million euros in the first closing of its technology super-fund, Nova. The vehicle targets investments in technology start-ups.
Source: Pepe Bravo (Expansion)
LevFin · Consumer · €210m
FC Barcelona Completes Second Bond Issuance of the Year Raising €210 Million
FC Barcelona has finalized its second bond issuance of the year to help finance the renovation of the Camp Nou stadium. The combined refinancings have yielded €210 million for the club, with the placement closing ahead of schedule and maintaining stable yield differentials.
Source: Expansion
Iberia
ECM · Financial Services · €600m
Seaya Raises 600 Million Euros in First Close of Nova Technology Fund
Venture capital firm Seaya has raised 600 million euros in the first closing of its technology super-fund, Nova. The vehicle targets investments in technology start-ups.
Source: Pepe Bravo (Expansion)
LevFin · Consumer · €210m
FC Barcelona Completes Second Bond Issuance of the Year Raising €210 Million
FC Barcelona has finalized its second bond issuance of the year to help finance the renovation of the Camp Nou stadium. The combined refinancings have yielded €210 million for the club, with the placement closing ahead of schedule and maintaining stable yield differentials.
Source: Expansion
Debt Advisory · Energy & Renewables · €200m
Santander CIB Participates in €200 Million Financing for Exus
Santander CIB is involved in a €200 million financing deal for Exus, aimed at boosting its activities. March Private Equity's Global IV program will also participate.
Source: Alertas PE Espana
M&A · Industrials · €125m
Arconas Acquires 3% Stake in Acerinox Worth €125 Million
The Sainz de Vicuña family, known for bringing Coca-Cola to Spain and the Quilmes brewery, has acquired a 3% stake in Acerinox valued at €125 million through its holding company Arconas. This investment establishes the family as the fifth-largest shareholder in the Spanish sta…
Source: Expansion
M&A · Real Estate · €100m
Basque Government buys 510 homes from Blackstone for €100 million
The Basque regional government has agreed to purchase 510 residential units from Blackstone, through its subsidiary Testa Residencial. The transaction is valued at €100 million and is the largest deal of its kind in Spain. The homes will be kept as protected rental housing.
Source: Cinco Dias
LevFin · General · €40m
Arquimea issues debt to finance its growth
Arquimea will launch a new bond programme on the Mercado Alternativo de Renta Fija (Marf) with a total size of up to €100 million. The first issuance is targeted at €40 million and will have a four‑year maturity.
Source: Expansion
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