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Wednesday 14 October 2026
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Top mergers and acquisitions in March 2026

Every verified merger and acquisition in this period, ranked by disclosed value. Updated every morning.

We tracked 101 deals in March 2026, 67 of them with a disclosed value, worth $258bn in total. The largest was McCormick & Company's $44.8bn deal for Unilever Foods, ahead of UniCredit S.p.A. and Commerzbank AG at $40.2bn.

Top mergers and acquisitions in March 2026

  1. 131 MarMcCormick & Company → Unilever FoodsMcCormick agrees US$44.8bn combination with Unilever FoodsConsumer / Packaged foodIn review$44.8bn
  2. 216 MarUniCredit S.p.A. → Commerzbank AGUniCredit launches exchange offer for CommerzbankFinancials / BankingIn review$40.2bn
  3. 32 MarGlobal Infrastructure Partners and EQT Infrastructure VI (with CalPERS and QIA) → The AES CorporationGIP and EQT agree $33.4bn take-private of AESEnergy / Power generation and utilitiesAgreed$33.4bn
  4. 430 MarSysco Corporation → Jetro Restaurant DepotSysco agrees US$29.1bn deal for Jetro Restaurant DepotConsumer / Foodservice distributionIn review$29.1bn
  5. 522 MarPoste Italiane S.p.A. → Telecom Italia S.p.A. (TIM)Poste Italiane bids €10.8bn for control of Telecom ItaliaTelecom / Fixed and mobile operatorCompleted$12.5bn
  6. 616 MarPublic Storage → National Storage Affiliates TrustPublic Storage agrees US$10.5bn deal for National Storage AffiliatesReal estate / Self-storage REITCompleted$10.5bn
  7. 725 MarMerck & Co., Inc. → Terns Pharmaceuticals, Inc.Merck agrees US$6.7bn deal for Terns PharmaceuticalsHealthcare / BiotechCompleted$6.7bn
  8. 825 MarBrookfield Asset Management and La Caisse → Boralex Inc.Brookfield and La Caisse take Boralex private in C$9bn dealEnergy / Renewable powerCompleted$6.5bn
  9. 931 MarEli Lilly and Company → Centessa Pharmaceuticals plcLilly agrees up to US$7.8bn deal for CentessaHealthcare / BiotechCompleted$6.3bn
  10. 1031 MarBiogen Inc. → Apellis Pharmaceuticals, Inc.Biogen agrees US$5.6bn deal for ApellisHealthcare / BiotechCompleted$5.6bn
  11. 1111 MarCintas Corporation → UniFirst CorporationCintas agrees US$5.5bn deal for UniFirstIndustrials / Uniform and facility servicesIn review$5.5bn
  12. 122 MarWelsh, Carson, Anderson & Stowe, Robert A. Ortenzio and Martin F. Jackson → Select Medical Holdings CorporationWCAS and Select Medical founders agree $3.9bn take-privateHealthcare / Rehabilitation and critical illness recoveryCompleted$3.9bn
  13. 1323 MarApollo Funds → Nippon Sheet Glass Co., Ltd. (NSG Group)Apollo agrees $3.7bn deal for Nippon Sheet GlassMaterials / Glass manufacturingCompleted$3.7bn
  14. 1431 MarKKR (KJ005 Co., Ltd.) → Taiyo Holdings Co., Ltd.KKR agrees $3.3bn take-private of Japan's Taiyo HoldingsChemicals / Electronic materialsAgreed$3.3bn
  15. 153 MarRosebank Industries plc → CPM and MW ComponentsRosebank agrees US$3.05bn deal for CPM and MW ComponentsIndustrials / Engineered equipment and componentsCompleted$3.1bn
  16. 166 MarLone Star Funds (Lone Star Fund XII) → Lonza Capsules & Health Ingredients (60%)Lone Star agrees CHF2.3bn carve-out of Lonza's capsules armHealthcare / Capsules and nutrition ingredientsAgreed$3bn
  17. 1730 MarCarlyle → MAI Capital Management (majority stake)Carlyle takes control of MAI Capital at $2.8bn-plus valuationFinancials / Wealth managementCompleted$2.8bn
  18. 1822 MarZijin Gold International (Zijin Mining Group) → Chifeng Jilong Gold Mining Co., Ltd.Zijin Gold agrees RMB18.3bn deal for control of Chifeng GoldMining / GoldIn review$2.7bn
  19. 1916 MarAmplifon S.p.A. → GN Hearing (GN Store Nord)Amplifon agrees €2.3bn deal for GN HearingHealthcare / Hearing aidsAgreed$2.6bn
  20. 206 MarServier → Day One Biopharmaceuticals, Inc.Servier agrees US$2.5bn deal for Day One BiopharmaceuticalsHealthcare / BiotechCompleted$2.5bn
  21. 2120 MarNovartis AG → Pikavation Therapeutics (Synnovation Therapeutics)Novartis agrees US$2bn deal for Synnovation's PI3Kα unitHealthcare / BiotechCompleted$2bn
  22. 2217 MarMastercard Incorporated → BVNKMastercard agrees up to US$1.8bn deal for BVNKFinancials / Payments infrastructureCompleted$1.8bn
  23. 2323 MarGilead Sciences, Inc. → Ouro MedicinesGilead agrees US$1.7bn deal for Ouro MedicinesHealthcare / BiotechCompleted$1.7bn
  24. 242 MarSoochow Securities Co., Ltd. → Donghai Securities Co., Ltd.Soochow Securities moves to take control of Donghai SecuritiesFinancials / BrokerageIn review$1.7bn
  25. 252 MarHudbay Minerals Inc. → Arizona Sonoran Copper Company Inc.Hudbay agrees US$1.48bn all-share deal for Arizona Sonoran CopperMining / CopperCompleted$1.5bn
  26. 2626 MarHenkel AG & Co. KGaA → Olaplex Holdings, Inc.Henkel agrees US$1.4bn deal for OlaplexConsumer / Hair careCompleted$1.4bn
  27. 275 MarGlobal Infrastructure Partners (BlackRock) → TCRGIP buys airport equipment lessor TCR from 3i InfrastructureTransport / Airport ground support equipment leasingCompleted$1.3bn
  28. 289 MarMonomoy Capital Partners → Jiffy Lube International (incl. Premium Velocity Auto)Shell sells Jiffy Lube to Monomoy for $1.3bnConsumer / Automotive servicesCompleted$1.3bn
  29. 293 MarAccenture plc → Ookla (Ziff Davis Connectivity division)Accenture agrees US$1.2bn deal for Speedtest owner OoklaTechnology / Network intelligence softwareCompleted$1.2bn
  30. 3029 MarIndorama Ventures PCL (via Indovida India) → EPL LimitedEPL agrees merger with Indorama's Indovida, ceding control to Thai groupMaterials / PackagingIn review$1.2bn
  31. 3127 MarCrossCountry Mortgage → Two Harbors Investment Corp.CrossCountry Mortgage outbids UWM for Two HarborsFinancials / Mortgage servicingCompleted$1.1bn
  32. 3212 MarSavills plc → Eastdil Secured LLCSavills agrees US$1.1bn deal for Eastdil SecuredFinancials / Real estate investment bankingCompleted$1.1bn
  33. 3319 MarApollo Funds → Realty Income retail net lease joint venture (49% stake)Apollo takes 49% of $1bn Realty Income retail portfolio ventureReal estate / Net lease retailAgreed$1bn
  34. 349 MarAgilent Technologies Inc. → Biocare MedicalAgilent agrees US$950m deal for Biocare MedicalHealthcare / DiagnosticsCompleted$950m
  35. 359 MarUniversal Health Services, Inc. → Talkspace, Inc.UHS agrees US$835m deal for TalkspaceHealthcare / Behavioural healthCompleted$835m
  36. 362 MarSPIE SA → ROFA Industrial Automation AGSPIE agrees to buy German automation group ROFAIndustrials / Factory automationCompleted$799m
  37. 376 MarAxel Springer SE → Telegraph Media GroupAxel Springer agrees £575m deal for the TelegraphMedia / NewspapersCompleted$767m
  38. 3827 MarOtsuka Pharmaceutical Co., Ltd. → Transcend Therapeutics, Inc.Otsuka agrees deal worth up to US$1.2bn for Transcend TherapeuticsHealthcare / BiotechCompleted$700m
  39. 3928 MarRaiffeisen Bank International AG → Garanti BBVA Group RomaniaRaiffeisen agrees €591m deal for Garanti BBVA RomaniaFinancials / BankingAgreed$681m
  40. 4019 MarCollegium Pharmaceutical, Inc. → AZSTARYS (Corium Therapeutics)Collegium agrees US$650m deal for ADHD drug AZSTARYSHealthcare / PharmaceuticalsCompleted$650m
  41. 412 MarMagellan Financial Group Ltd → Barrenjoey Capital PartnersMagellan agrees A$903m all-share merger with BarrenjoeyFinancials / Investment bankingCompleted$637m
  42. 4216 MarPetróleo Brasileiro S.A. (Petrobras) → Petronas's 50% stakes in Tartaruga Verde and Espadarte Module IIIPetrobras pre-empts Brava with US$450m deal for Petronas's Campos Basin stakesEnergy / Offshore oil and gasAgreed$450m
  43. 439 MarZurich Insurance Group → Generali Ireland P&C (RedClick)Zurich agrees €337m deal for Generali's Irish insurer RedClickFinancials / InsuranceAgreed$389m
  44. 4416 MarBain Capital Private Equity → Perpetual Wealth ManagementBain Capital agrees A$500m carve-out of Perpetual's wealth armFinancials / Wealth managementAgreed$350m
  45. 4530 MarSun Life Financial (BGO / SLC Management) → Bell PartnersSun Life buys Bell Partners as it takes full control of BGO and CrescentFinancials / Real estate investment managementCompleted$350m
  46. 4616 MarStoneX Group Inc. → CAB Payments Holdings plcStoneX abandons rival bid for CAB PaymentsFinancials / Cross-border paymentsTerminated$321m
  47. 4718 MarKKR (Global Climate Transition strategy) → Allfleet India (majority) and PMI Electro Mobility Solutions (minority)KKR commits up to $310m to Indian e-bus platform AllfleetTransport / Electric bus fleetsAgreed$310m
  48. 482 MarGyre Therapeutics, Inc. → Cullgen Inc.Gyre agrees US$300m all-stock deal for CullgenHealthcare / BiotechCompleted$300m
  49. 492 MarHelios Consortium (Mara BidCo: Helios Fund V, Helios Fairfax Partners, Helios Fund III) → CAB Payments Holdings plcHelios launches hostile $297m bid for CAB PaymentsFinancials / Cross-border paymentsAnnounced$300m
  50. 502 MarRadNet, Inc. → Gleamer SASRadNet buys Gleamer for up to €230mHealthcare / Radiology AICompleted$269m
  51. 5119 MarNippon Television Holdings, Inc. → KANAMEL Inc.Nippon TV agrees ¥37bn buyout of production group KANAMELMedia / Advertising and content productionCompleted$235m
  52. 5225 MarTaiheiyo Cement Corporation → Tokuyama Corporation's domestic cement sales business (Tokuyama Cement)Taiheiyo Cement agrees ¥37bn purchase of Tokuyama cement sales armMaterials / CementCompleted$233m
  53. 539 MarPan African Resources plc → Emmerson Resources LimitedPan African agrees A$311m all-share deal for Emmerson ResourcesMining / GoldCompleted$218m
  54. 5416 MarAeroVironment, Inc. → Empirical Systems Aerospace, Inc. (ESAero)AeroVironment buys ESAero for about US$200mIndustrials / DefenceCompleted$200m
  55. 5516 MarWisdomTree, Inc. → Atlantic House Holdings LimitedWisdomTree buys Atlantic House for £150mFinancials / Asset managementCompleted$200m
  56. 5625 MarLY Corporation (via LAAA Investment) → Kakao Games Corp.LY Corporation takes control of Kakao GamesMedia / Video gamesCompleted$200m
  57. 5731 MarSeibu Real Estate Co., Ltd. (Seibu Holdings) → e'grand Co., Ltd.Seibu bids ¥30bn for used-home renovator e'grandReal estate / ResidentialCompleted$188m
  58. 582 MarMalibu Boats, Inc. → Saxdor YachtsMalibu Boats buys Saxdor Yachts for €150mConsumer / Leisure boatsCompleted$175m
  59. 5924 MarSkylark Holdings Co., Ltd. → Shinpachi Co., Ltd.Skylark agrees ¥11bn deal for Shinpachi Shokudo chainConsumer / RestaurantsCompleted$69m
  60. 6026 MarKITZ Corporation → V TEX CorporationKITZ agrees ¥9.2bn purchase of V TEX from KanadeviaIndustrials / Valves and flow controlCompleted$58m
  61. 619 MarSumitomo Mitsui Construction Co., Ltd. (Infroneer Holdings) → Mitsui Sumiken Road Co., Ltd.Sumitomo Mitsui Construction bids ¥8.6bn to take road unit privateIndustrials / ConstructionCompleted$54m
  62. 6226 MarKustom AB → Vipps MobilePay Checkout (merchant contracts)Kustom agrees up to NOK490m deal for Vipps MobilePay CheckoutFinancials / E-commerce paymentsCompleted$51m
  63. 632 MarTilray Brands, Inc. → BrewDog (selected assets)Tilray buys BrewDog out of administration for £33mConsumer / Craft beerCompleted$44m
  64. 644 MarGenusPlus Group Ltd → Railtrain Holdings Pty LtdGenusPlus agrees up to A$55m deal for RailtrainIndustrials / Rail servicesCompleted$39m
  65. 652 MarQBE Insurance Group Limited → Raheja QBE General Insurance Company Limited (51% stake)QBE agrees Rs324 crore deal to take full ownership of Raheja QBEFinancials / InsuranceCompleted$35m
  66. 6617 MarStrides Pharma Science Limited (via Strides Pharma International AG) → Sandoz branded generics portfolio in Sub-Saharan AfricaStrides buys Sandoz branded generics in Sub-Saharan AfricaHealthcare / Generic pharmaceuticalsAgreed$12m
  67. 6729 MarCMS Info Systems Limited → Financial Software and Systems' ATM managed services businessCMS Info Systems buys FSS's ATM managed services arm for up to Rs115 croreFinancials / Payments infrastructureAgreed$12m
  68. 682 MarServiceNow, Inc. → TraceloopServiceNow buys Israeli AI observability start-up TraceloopTechnology / AI observability softwareCompletedUndisclosed
  69. 693 MarMSCI Inc. → Compass Financial Technologies SAMSCI buys Swiss index calculator CompassFinancials / Index providerCompletedUndisclosed
  70. 703 MarThoma Bravo → WWEX GroupThoma Bravo to buy WWEX and merge it with AuctaneTransport / Logistics and shipping technologyCompletedUndisclosed
  71. 714 MarSuzuki Motor Corporation → Kanadevia Corporation's all-solid-state battery businessSuzuki agrees to buy Kanadevia's solid-state battery businessIndustrials / BatteriesAgreedUndisclosed
  72. 724 MarRheinmetall AG → DOK-ING d.o.o. (51%)Rheinmetall takes majority stake in Croatia's DOK-INGIndustrials / Defence unmanned vehiclesCompletedUndisclosed
  73. 735 MarThe Estée Lauder Companies Inc. → Forest EssentialsEstée Lauder agrees to take full control of Forest EssentialsConsumer / BeautyAgreedUndisclosed
  74. 745 MarShimizu Corporation → American Engineering Corporation (Okinawa)Shimizu to buy Okinawa base contractor American EngineeringIndustrials / ConstructionAgreedUndisclosed
  75. 755 MarŌura Health Oy → DoublepointOura buys gesture-control start-up DoublepointTechnology / WearablesCompletedUndisclosed
  76. 766 MarDenso Corporation → ROHM Co., Ltd.Denso's reported ¥1.3tn approach for Rohm ends without a dealTechnology / SemiconductorsTerminatedUndisclosed
  77. 779 MarOpenAI → PromptfooOpenAI agrees to buy AI security start-up PromptfooTechnology / AI securityCompletedUndisclosed
  78. 789 MarEQT Active Core Infrastructure → Kelda Holdings (Yorkshire Water) – 42% stakeEQT buys 42% of Yorkshire Water parent KeldaIndustrials / Water utilitiesCompletedUndisclosed
  79. 7910 MarTaarifa Ltd (Rostam Aziz) → NPRT Holdings Africa Limited (54.08% of Nation Media Group PLC)Rostam Aziz's Taarifa agrees to buy control of Nation Media GroupMedia / Publishing and broadcastingCompletedUndisclosed
  80. 8011 MarLeonardo S.p.A. → Becrypt LtdLeonardo agrees to buy UK cyber firm BecryptTechnology / Cyber securityCompletedUndisclosed
  81. 8111 MarStonepeak (via Astound Broadband) → GFiber (formerly Google Fiber)Stonepeak to take control of Google Fiber in Astound mergerTelecom / Fibre broadbandAgreedUndisclosed
  82. 8211 MarKPS Capital Partners → Jennmar (controlling interest)KPS takes control of ground support maker JennmarIndustrials / Mining and infrastructure ground support productsCompletedUndisclosed
  83. 8311 MarBlackstone Energy Transition Partners → Advanced Cooling Technologies (majority stake)Blackstone backs data centre cooling specialist ACTIndustrials / Thermal managementAgreedUndisclosed
  84. 8412 MarPublicis Groupe SA → AdgeAIPublicis buys Israeli creative-analytics firm AdgeAITechnology / Marketing analyticsCompletedUndisclosed
  85. 8512 MarEnergy Aspects → Kayrros SASEnergy Aspects agrees to buy satellite analytics firm KayrrosTechnology / Geospatial analyticsCompletedUndisclosed
  86. 8612 MarArcLight Capital Partners → Invenergy AMPCI Thermal Power (InfraBridge's 50% stake)ArcLight buys InfraBridge's half of 5.4GW Invenergy power portfolioEnergy / Gas-fired power generationAgreedUndisclosed
  87. 8713 MarNissin Foods Holdings Co., Ltd. → Nissin-Universal Robina Corporation (21% stake)Nissin Foods to take control of Philippine noodle venture with URCConsumer / Packaged foodAgreedUndisclosed
  88. 8813 MarRamp Business Corporation → Billhop ABRamp buys Stockholm payments firm BillhopFinancials / B2B paymentsCompletedUndisclosed
  89. 8913 MarOaktree Capital Management → Atlantic Coast Life Insurance Company (controlling stake)Oaktree agrees to take control of A-CAP's Atlantic Coast LifeFinancials / Life insurance and annuitiesAgreedUndisclosed
  90. 9019 MarMercer (Marsh) → AltamarCAM PartnersMercer agrees to buy Spain's AltamarCAMFinancials / Asset managementAgreedUndisclosed
  91. 9123 MarDanone SA → Huel LtdDanone agrees to buy HuelConsumer / Functional nutritionCompletedUndisclosed
  92. 9223 MarPrimary Wave Music → Kobalt Music GroupPrimary Wave agrees to buy KobaltMedia / Music publishingCompletedUndisclosed
  93. 9323 MarAirbus SE → Ultra Cyber LtdAirbus agrees to buy Ultra Cyber from Advent's Cobham UltraIndustrials / Defence cyber securityAgreedUndisclosed
  94. 9424 MarSRS Distribution (The Home Depot) → Mingledorff'sHome Depot's SRS agrees deal for HVAC distributor Mingledorff'sIndustrials / HVAC distributionCompletedUndisclosed
  95. 9525 MarBending Spoons S.p.A. → Tractive GmbHBending Spoons agrees to buy pet tracker maker TractiveTechnology / Consumer devicesCompletedUndisclosed
  96. 9625 MarClearlake Capital Group → Qualus Corp.Clearlake buys grid services firm Qualus from New MountainIndustrials / Power grid engineering servicesCompletedUndisclosed
  97. 9726 MarCorebridge Financial, Inc. → Equitable Holdings, Inc.Corebridge and Equitable agree US$22bn all-stock mergerFinancials / Life insurance and retirementAgreedUndisclosed
  98. 9827 MarNovartis AG → Excellergy, Inc.Novartis agrees deal worth up to US$2bn for ExcellergyHealthcare / BiotechCompletedUndisclosed
  99. 9927 MarSAP SE → Reltio Inc.SAP agrees to buy master data specialist ReltioTechnology / Data management softwareCompletedUndisclosed
  100. 10027 MarShizuoka Financial Group, Inc. → The Bank of Nagoya, Ltd.Shizuoka Financial Group and Bank of Nagoya agree to integrateFinancials / BankingAnnouncedUndisclosed
  101. 10131 MarInflexion (Buyout Fund VI) → MarioffInflexion buys Finnish fire-suppression group Marioff from SentinelIndustrials / Fire protectionCompletedUndisclosed