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API-based background check provider Checkr acquires income and employment verification startup Truework, which had raised $125M+ and was last valued at ~$480M (Ryan Lawler/Axios)
Garment workshops are closing across the “Shein village” in Panyu, China, after the US ended the de minimis exemption; Shein urges suppliers to shift to Vietnam (Kentaro Shiozaki/Nikkei Asia)
PE firm KKR agrees to acquire and take private Frankfurt-listed IT company Datagroup for about €450M in an all-cash deal expected to close in Q3 2025 (Emma-Victoria Farr/Reuters)
HR management company Paychex acquires Paycor, which provides HR and payroll management software, for $4.1B in an all-cash deal (PYMNTS.com)

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