Top mergers and acquisitions in Europe in November 2026
Every verified merger and acquisition involving Europe in this period, ranked by disclosed value. Updated every morning.
We tracked 21 deals involving Europe in November 2026, 14 of them with a disclosed value, worth $20.5bn in total. The largest was Stonepeak's $10.1bn deal for Castrol, ahead of Samsung Biologics and PolyPeptide Group AG at $1.8bn.
Top mergers and acquisitions in Europe in November 2026
- 12 NovStonepeak → CastrolStonepeak completes US$10bn purchase of majority stake in bp's CastrolEnergy / LubricantsCompleted$10.1bn
- 22 NovSamsung Biologics → PolyPeptide Group AGSamsung secures 98% of PolyPeptide as offer awaits final clearancesHealthcare / Pharma CDMOIn review$1.8bn
- 32 NovHexagon AB → Waygate TechnologiesHexagon completes US$1.45bn Waygate Technologies dealTechnology / Inspection and non-destructive testingCompleted$1.5bn
- 42 NovConstellation Aviation (I Squared Capital, ADIA and Avolon) → Portfolio of 22 leased aircraft from AvolonAvolon to sell US$1.4bn aircraft portfolio to new I Squared-led platformTransport / Aircraft leasingAgreed$1.4bn
- 52 NovKesko Corporation → Dahl (Saint-Gobain's technical trade businesses in Sweden, Norway and Denmark)Kesko completes €1.2bn purchase of Saint-Gobain's Nordic Dahl businessIndustrials / Building and HVAC distributionCompleted$1.4bn
- 63 NovLufthansa Group → TAP Air Portugal (44.9% stake)Lufthansa signs €1bn deal for 44.9% of TAP Air PortugalTransport / AirlinesAgreed$1.2bn
- 72 NovTelenor ASA → Bahnhof AB (publ)Telenor wins Swedish approval for SEK6.1bn Bahnhof dealTelecom / Fixed broadbandAgreed$620m
- 84 NovAhlsell AB (publ) → Meier Tobler Group AGAhlsell bids CHF 492m for Swiss building-technology group Meier ToblerIndustrials / Building technology wholesaleAgreed$600m
- 92 NovScandic Hotels Group AB → Dalata Hotel Group (hotel operations)Scandic completes €500m deal for Dalata's hotel operationsConsumer / HotelsCompleted$560m
- 105 NovANI Pharmaceuticals, Inc. → Egetis Therapeutics AB (publ)ANI Pharmaceuticals bids SEK 5.3bn for rare disease drugmaker EgetisHealthcare / Rare disease pharmaceuticalsAgreed$540m
- 113 NovTürkiye Wealth Fund (TVF) and Turkcell İletişim Hizmetleri A.Ş. → Togg (46% stake from Vestel and Anadolu Group)Turkish wealth fund and Turkcell buy out Vestel and Anadolu in Togg for €368mIndustrials / Electric vehiclesAgreed$410m
- 123 NovACG Metals Limited → Blue Moon Norway ASACG Metals agrees US$220m all-share deal for Norway's Nussir copper mineMining / CopperAgreed$220m
- 132 NovWest Yorkshire Combined Authority → FirstGroup plc (West Yorkshire bus depots and fleet)FirstGroup sells West Yorkshire bus depots and fleet for £109mTransport / Bus operationsAgreed$150m
- 142 NovAutoneum Holding Ltd → Trèves GroupAutoneum agrees to buy French car parts supplier Trèves for up to €64mIndustrials / Automotive componentsAgreed$70m
- 152 NovLazard, Inc. → Campbell Lutyens & Co. Ltd.Lazard completes Campbell Lutyens deal and launches Lazard CLFinancials / Private capital advisoryCompletedUndisclosed
- 162 NovAdvent International (with ADIA as minority co-investor) → VermegAdvent agrees to buy Vermeg from CharterhouseTechnology / Financial softwareAgreedUndisclosed
- 173 NovCinven → TheramexCinven agrees to buy women's health drugmaker Theramex from Carlyle and PAIHealthcare / Specialty pharmaceuticalsAgreedUndisclosed
- 183 NovBPCE Assurances (Groupe BPCE) → GamaLifeBPCE moves to buy Apax's GamaLife to build bancassurance in PortugalFinancials / Life insuranceAnnouncedUndisclosed
- 193 NovBiffa → Enva's general recycling businesses in Scotland and EnglandBiffa agrees to buy Enva's recycling operations in Scotland and EnglandIndustrials / Waste managementAgreedUndisclosed
- 204 NovSiemens Mobility (Siemens AG) → MERMEC Group core businessesSiemens completes acquisition of core MERMEC rail businessesIndustrials / Rail signalling and diagnosticsCompletedUndisclosed
- 214 NovPAI Partners → ELEMISPAI Partners agrees to buy ELEMIS from L'OccitaneConsumer / Prestige skincareAgreedUndisclosed