Blackstone said it will launch a tender offer worth about ¥507.4 billion ($3.5 billion) to take Tokyo-listed engineering staffing firm TechnoPro Holdings private. The offer of ¥4,870 a share represents a 17.4% premium to TechnoPro’s three-month average price and follows a competitive bidding process that included Bain Capital. The tender is scheduled to open on 7 August and would be Blackstone’s seventh transaction in Japan and its third private-equity deal of 2025. Hours after unveiling its Japanese bid, the world’s largest alternative asset manager confirmed an agreement to buy U.S. energy data and analytics provider Enverus from Hellman & Friedman and Genstar Capital. People familiar with the matter said the transaction values Enverus at about $6.5 billion and is expected to close by year-end 2025. The back-to-back acquisitions underline a revival in global private-equity dealmaking amid easing economic uncertainty and corporate governance reforms in Japan. For Blackstone, the TechnoPro purchase deepens its push into the Japanese market, while the Enverus deal builds on the firm’s growing exposure to energy-related assets.