Blackford Capital to buy Moro Corp; VC group sells stake in Jet Global Express

Deal Wrap is updated as of 3 p.m. ET.

– Blackford Capital agreed to acquire construction products and services company Moro Corp. in an all-cash deal for an enterprise value of approximately $34.2 million. McGuireWoods LLP is Blackford Capital's legal adviser. Moro Corporation's legal and financial advisers are Harter Secrest & Emery LLP and Paramax Corp., respectively.

– SoftBank Group Corp. agreed to acquire DigitalBridge Group Inc., an alternative asset manager specializing in digital infrastructure, for approximately $4 billion. The acquisition aims to enhance SoftBank's data center and connectivity capacity for next-generation AI infrastructure. SoftBank plans to acquire all outstanding common stock of DigitalBridge for $16.00 per share in cash, representing a 15% premium over the recent closing price.

– An investor group that includes Sequoia Capital Operations LLC, Boyu Capital Group Management Ltd. and Hillhouse Investment Management Ltd. sold a 36.99% stake in Jet Global Express Ltd. for $950 million to Onwing Global Ltd. The payment will be made in tranches, with the first tranche closing before December 31, 2025.

– Pemba Capital Partners Pty Ltd. agreed to acquire air quality monitoring company Ektimo, the Australian Financial Review reported.

– Shenzhen Capital Group Co. Ltd., Guosheng Capital, Linchuang Blue Bay and Chengdu Science and Technology Innovation Investment Group Co. Ltd. participated in a series D round of funding for Chengdu Maxvax Biotechnology Co. Ltd. Transaction value was not disclosed.

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