Stripe, KKR, Virtu lead week's key deals

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3▲4 ▼0Impact / 5
Summary · why it matters

Stripe announced a deal to buy AI model gateway and routing platform OpenRouter, with Bloomberg reporting the acquisition consideration could exceed $7 billion though financial terms were not disclosed. Madison Air Solutions agreed to acquire ebm-papst at an enterprise purchase price of $5.4 billion, or $5.0 billion net of future tax savings. Virtu Financial was considering a sale of its agency brokerage and technology division that could be worth up to $3.5 billion to $4 billion, according to people familiar with the matter. An investor group led by affiliates of KKR and Dragoneer Investment Group, plus Amwins Group, agreed to acquire Australian insurance company Steadfast Group for about A$7.7 billion, or US$5.5 billion. Bunker Hill Mining agreed to acquire Silver47 Exploration in an all-stock deal valued at about $163 million, forming a larger U.S. silver and critical minerals producer. Mitsubishi Electric agreed to acquire PCI Energy Solutions, a U.S.-based provider of enterprise software for energy management and optimization, for $1.4 billion. Veralto agreed to acquire Cleanwater1 for $465 million, or about $452 million net of estimated tax benefits, with closing expected in Q4 2026.

Impact on assets 5

Climate Adaptation & Water▲
Robotics & Physical AI▲
Aging Population▲
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR-led investor group agreed to acquire Steadfast Group for about US$5.5 billion.

Financials▲
Virtu Financial, Inc.
VIRT
± MixedCapitalrelevance

Virtu Financial is considering a sale of its agency brokerage and technology division worth up to $3.5-4 billion.

Off-coverage companies 10

ebm-papsti
Private▲ PositiveCapitalrelevance

ebm-papst is acquired by Madison Air Solutions for $5.4 billion.

OpenRouteri
Private▲ PositiveCapitalrelevance

OpenRouter is acquired by Stripe in a deal valued over $7 billion.

PCI Energy Solutionsi
Private▲ PositiveCapitalrelevance

PCI Energy Solutions is acquired by Mitsubishi Electric for $1.4 billion.

Stripe, Inc.i
Private▲ PositiveCapitalrelevance

Stripe acquires OpenRouter for over $7 billion, expanding its AI capabilities.

Bunker Hill Mining Corpi
Private▲ PositiveCapitalrelevance

Agreed to acquire Silver47 Exploration, forming a larger U.S. silver and critical minerals producer.

Dragoneer Investment Groupi
Private▲ PositiveCapitalrelevance

KKR and Dragoneer lead acquisition of Steadfast Group, a significant investment deal.

Steadfast Group Ltdi
Private▲ PositiveCapitalrelevance

Agreed to be acquired by investor group led by KKR and Dragoneer for about A$7.7 billion.

Amwins Groupi
Private▲ PositiveCapitalrelevance

Part of investor group acquiring Steadfast Group.

Cleanwater1i
Private▲ PositiveCapitalrelevance

Agreed to be acquired by Veralto for $465 million.

Silver47 Exploration Corpi
Private▲ PositiveCapitalrelevance

Acquired by Bunker Hill Mining in an all-stock deal valued at about $163 million.