26 Jun, 2025

EQT to sell Pioneer to CarUX for $1.1B; STG to acquire Movable Ink

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

– EQT AB (publ) agreed to sell Tokyo-based car accessories manufacturer Pioneer Corp., to CarUX Technology Pte. Ltd. for $1.1 billion. Deutsche Securities and BofA Securities were EQT's financial advisers, and Morrison Foerster, White & Case, and Nagashima Ohno & Tsunematsu were its legal advisers.

– Symphony Technology Group LLC, which does business as STG, agreed to acquire New York-based email automation platform developer Movable Inc., which does business as Movable Ink. Goldman Sachs & Co. LLC was Movable Ink's financial adviser, and Cooley LLP was its legal adviser. Paul Hastings LLP was STG's legal adviser.

– Blue Star Capital PLC agreed to acquire an additional 22% stake in London-based cryptocurrency payment processing company SatoshiPay Ltd. to hold a 50% stake in total. Cairn Financial Advisers LLP was Blue Star's financial adviser.

– Gro Capital A/S agreed to sell Danish business analytics software developer Targit A/S to Forterro UK Ltd.

– GreyLion Partners LP invested in US decorative products maker Torginol Inc. CIBC was Torginol's financial adviser and Godfrey & Kahn was its legal adviser. Latham & Watkins was GreyLion's legal adviser.

– Transformation Capital Partners LP led a $40 million series B round in New York-based healthcare technology company CertifyOS.

– USVP Management Co. LLC participated in a $22.5 million funding round for US-based programming software developer Clarify Inc.

Disclaimer: This content may be AI-assisted and is composed, reviewed, edited and approved by a human at S&P Global.

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