Deals (w/e 7/17/26)

Blackstone, Apollo, and KKR invest $5.34bn in Williams' power projects. A 49% non-controlling stake in five behind-the-meter Power Innovation projects built to feed AI data centres. Williams keeps 51% and operational control. The plants are named Socrates, Apollo, Aquila, Socrates the Younger, and Neo, which is the most on-the-nose branding in the history of energy infrastructure. PE HUB

KKR buys 51% of Thomson Reuters' Global Print business for $500m. The legal and tax publisher carves out its shrinking print unit into a joint venture, keeps 49% and editorial control, and pivots the parent toward "fiduciary-grade AI." PE buys the paper business on the way out the door while the seller sprints toward the algorithm. Somebody has to own the physical world. THOMSON REUTERS

Digital Realty buys out Blackstone's three Northern Virginia data centres for $3.5bn. $1.2bn cash, $2.3bn in stock. 288 megawatts, fully leased to investment-grade tenants on 15-year contracts. Blackstone made the bet less than three years ago and is already cashing part of it in. When the smartest infrastructure buyer in the world starts selling, it is worth noticing which side of the trade they want to be on. BISNOW