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Thursday 5 November 2026
M&A NEWS
Deal tracker

Top mergers and acquisitions in November 2026

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

We tracked 78 deals in November 2026, 52 of them with a disclosed value, worth $243.9bn in total. The largest was Marvell Technology, Inc.'s $115bn deal for Lumentum Holdings Inc., ahead of Kimberly-Clark and Kenvue at $48.7bn.

Top mergers and acquisitions in November 2026

  1. 12 NovMarvell Technology, Inc. → Lumentum Holdings Inc.Marvell agrees US$115bn all-stock deal for LumentumTechnology / Semiconductors and optical networkingAgreed$115bn
  2. 22 NovKimberly-Clark → KenvueKimberly-Clark completes US$48.7bn takeover of KenvueConsumer / Consumer healthCompleted$48.7bn
  3. 32 NovStonepeak → CastrolStonepeak completes US$10bn purchase of majority stake in bp's CastrolEnergy / LubricantsCompleted$10.1bn
  4. 44 NovMitsui Chemicals, Inc. → JSR Corporation (from Japan Investment Corporation)Mitsui Chemicals in talks to buy JSR for over ¥1.3tnChemicals / Semiconductor materialsIn talks$8.2bn
  5. 52 NovBrookfield Asset Management and CPP Investments → LXP Industrial TrustBrookfield and CPP Investments complete US$5.2bn LXP take-privateReal estate / Industrial REITCompleted$5.2bn
  6. 62 NovGrant Thornton Advisors LLC → CBIZ, Inc.Grant Thornton completes US$5bn acquisition of CBIZFinancials / Accounting and advisoryCompleted$5bn
  7. 73 NovCVR Energy, Inc. → Marathon Petroleum's St. Paul Park and Mandan refineries and related marketing businessCVR Energy agrees US$4.2bn deal for two Marathon refineriesEnergy / Oil refiningAgreed$4.2bn
  8. 84 NovEmaar Properties PJSC → Emaar Development PJSC (shares not already owned, about 21%)Emaar plans AED15-a-share cash offer to take full control of Emaar DevelopmentReal estate / Property developmentAnnounced$3.4bn
  9. 92 NovIndivior Pharmaceuticals, Inc. → Supernus Pharmaceuticals, Inc.Indivior and Supernus complete merger to form CNS drugmakerHealthcare / CNS pharmaceuticalsCompleted$3.4bn
  10. 102 NovBlackstone-led investor group (with CPP Investments, OMERS, IMCO and PSP Investments) → Mitsubishi Corporation's LNG Canada interest (49.9% of holding subsidiary)Blackstone leads US$3.1bn investment in Mitsubishi's LNG Canada stakeEnergy / Liquefied natural gasAgreed$3.1bn
  11. 112 NovSalesforce, Inc. → CrestaSalesforce agrees to buy voice-AI start-up CrestaTechnology / Contact-centre AI softwareAgreed$2.7bn
  12. 121 NovSaudi Aramco (via a wholly owned subsidiary) → HUMAIN (49% stake, from the Public Investment Fund)Aramco completes US$2.6bn deal for 49% of Saudi AI group HUMAINTechnology / AI infrastructureCompleted$2.6bn
  13. 132 NovPublicis Groupe S.A. → LiveRamp Holdings, Inc.Publicis completes LiveRamp acquisition after FTC clearanceTechnology / Data collaboration softwareCompleted$2.6bn
  14. 142 NovSamsung Biologics → PolyPeptide Group AGSamsung secures 98% of PolyPeptide as offer awaits final clearancesHealthcare / Pharma CDMOIn review$1.8bn
  15. 154 NovFIBRA Monterrey (FIBRA MTY) → FIBRA Macquarie MéxicoFIBRA Monterrey completes takeover and internalisation of FIBRA MacquarieReal estate / Industrial and retail REITCompleted$1.7bn
  16. 164 NovEmpower Brands Holdings Group, LLC (Spectrum Brands and Oaktree Capital Management) → Helen of Troy LimitedSpectrum and Oaktree's Empower Brands goes public with US$1.6bn Helen of Troy bidConsumer / Household and personal care productsAnnounced$1.6bn
  17. 173 NovMapfre S.A. → Safety Insurance Group, Inc.Safety Insurance holders back US$1.54bn Mapfre takeoverFinancials / InsuranceAgreed$1.5bn
  18. 182 NovWarburg Pincus → Ingenia Communities GroupAVID matches Warburg Pincus at A$5.45 for Ingenia, shutting out rivalReal estate / Lifestyle and seniors' communitiesIn talks$1.5bn
  19. 193 NovSafe Harbor Marinas → MarineMaxMarineMax secures all regulatory approvals for Safe Harbor saleConsumer / Marine retailAgreed$1.5bn
  20. 203 NovXRG P.J.S.C. (ADNOC) → Shell's 16.67% interest in the North West Shelf projectShell sells North West Shelf stake to ADNOC's XRG for US$1.45bnEnergy / LNGAgreed$1.5bn
  21. 212 NovHexagon AB → Waygate TechnologiesHexagon completes US$1.45bn Waygate Technologies dealTechnology / Inspection and non-destructive testingCompleted$1.5bn
  22. 222 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
  23. 232 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
  24. 244 NovARRAY Technologies, Inc. → Shoals Technologies Group, Inc.ARRAY and Shoals agree US$1.32bn all-stock solar equipment mergerEnergy / Solar equipmentAgreed$1.3bn
  25. 254 NovIonQ → ElisityIonQ completes all-stock acquisition of ElisityTechnology / CybersecurityCompleted$1.3bn
  26. 262 NovFairstone Bank of Canada → Laurentian Bank of CanadaFairstone completes C$1.8bn takeover of Laurentian BankFinancials / BankingCompleted$1.3bn
  27. 273 NovLufthansa Group → TAP Air Portugal (44.9% stake)Lufthansa signs €1bn deal for 44.9% of TAP Air PortugalTransport / AirlinesAgreed$1.2bn
  28. 284 NovThe Andersons, Inc. → Harvestone Low Carbon Partners (HLCP)The Andersons agrees US$915m deal for ethanol producer Harvestone Low Carbon PartnersEnergy / Ethanol and low-carbon fuelsAgreed$915m
  29. 293 NovAuthentic Brands Group → Lee business (from Kontoor Brands)Authentic Brands completes acquisition of Lee from KontoorConsumer / Apparel brandsCompleted$750m
  30. 302 NovSelect Water Solutions → Pilot Water SolutionsSelect Water completes US$700m Pilot Water dealEnergy / Water midstreamCompleted$700m
  31. 312 NovTelenor ASA → Bahnhof AB (publ)Telenor wins Swedish approval for SEK6.1bn Bahnhof dealTelecom / Fixed broadbandAgreed$620m
  32. 322 Novonsemi (ON Semiconductor Corporation) → Ferric, Inc.onsemi to buy AI power-chip start-up Ferric for up to US$775mTechnology / Power semiconductorsAgreed$600m
  33. 334 NovAhlsell AB (publ) → Meier Tobler Group AGAhlsell bids CHF 492m for Swiss building-technology group Meier ToblerIndustrials / Building technology wholesaleAgreed$600m
  34. 342 NovScandic Hotels Group AB → Dalata Hotel Group (hotel operations)Scandic completes €500m deal for Dalata's hotel operationsConsumer / HotelsCompleted$560m
  35. 355 NovANI Pharmaceuticals, Inc. → Egetis Therapeutics AB (publ)ANI Pharmaceuticals bids SEK 5.3bn for rare disease drugmaker EgetisHealthcare / Rare disease pharmaceuticalsAgreed$540m
  36. 361 NovAffle 3i Limited (via Affle 3iL Ltd) → Perion Network Ltd.Affle agrees US$420m cash deal for Israel's PerionTechnology / Advertising technologyAgreed$420m
  37. 373 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
  38. 383 NovOrganigram Global Inc. → Aurora Cannabis Inc.Organigram agrees C$561m deal for Aurora, countering CuraleafConsumer / CannabisAgreed$401m
  39. 394 NovDaou Technology-led consortium (Daou Technology, CJ Corp., Shinsegae and Saramin) → JoongAng Ilbo Co., Ltd. (newly issued shares, controlling stake)Daou-CJ consortium agrees ₩520bn rescue takeover of JoongAng IlboMedia / NewspapersAnnounced$388m
  40. 402 NovInternational Seaways, Inc. → Bruton LimitedInternational Seaways completes US$370m Bruton dealTransport / Crude tankersCompleted$370m
  41. 413 NovAmdocs Limited → EIS (EIS Group)Amdocs buys insurance software provider EIS for US$340mTechnology / Insurance softwareCompleted$340m
  42. 422 NovBilt → LAVABilt buys sports loyalty platform LAVA in US$300m dealTechnology / Loyalty and fan-engagement softwareAgreed$300m
  43. 434 NovAgilent Technologies → ProsciaAgilent completes US$240m acquisition of ProsciaHealthcare / Digital pathology softwareCompleted$240m
  44. 443 NovACG Metals Limited → Blue Moon Norway ASACG Metals agrees US$220m all-share deal for Norway's Nussir copper mineMining / CopperAgreed$220m
  45. 452 NovTidewater Midstream and Infrastructure Ltd. → Tidewater Renewables Ltd.Tidewater Midstream to absorb Renewables unit in C$261m share dealEnergy / Renewable fuelsAgreed$187m
  46. 462 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
  47. 473 NovAtkinsRéalis Group Inc. → David Evans Enterprises, Inc. (remaining 30% interest)AtkinsRéalis takes full control of David Evans for US$130mIndustrials / Engineering servicesCompleted$130m
  48. 482 NovNippon Shokubai Co., Ltd. → Goo Chemical Co., Ltd.Nippon Shokubai buys Goo Chemical for ¥20bn to bolster chip materialsChemicals / Specialty resins and electronic materialsCompleted$127m
  49. 493 NovRockwell Medical, Inc. → Vantive's in-centre hemodialysis businessRockwell Medical to buy Vantive's hemodialysis businessHealthcare / Medical devicesAgreed$125m
  50. 501 NovBMO Financial Group (via BMO Australia Pty Limited) → Euroz Hartleys capital markets businessBMO completes A$145m purchase of Euroz Hartleys' capital markets armFinancials / Capital marketsCompleted$102m
  51. 512 NovAutoneum Holding Ltd → Trèves GroupAutoneum agrees to buy French car parts supplier Trèves for up to €64mIndustrials / Automotive componentsAgreed$70m
  52. 522 NovKewaunee Scientific Corporation → Nycom, Inc.Kewaunee Scientific agrees US$55m deal for lab dealer NycomIndustrials / Laboratory equipmentAgreed$55m
  53. 532 NovLazard, Inc. → Campbell Lutyens & Co. Ltd.Lazard completes Campbell Lutyens deal and launches Lazard CLFinancials / Private capital advisoryCompletedUndisclosed
  54. 542 NovBluestar Alliance LLC → KMD Brands LimitedKathmandu owner KMD Brands enters exclusive takeover talks with BluestarConsumer / Outdoor and surf apparelIn talksUndisclosed
  55. 552 NovLS Power Equity Advisors → EVgo Inc.LS Power proposes US$2-a-share take-private of EVgoEnergy / EV chargingAnnouncedUndisclosed
  56. 562 NovCaterpillar Inc. → John Fabick Tractor Company (Fabick Cat)Caterpillar completes purchase of Fabick Cat dealershipIndustrials / Equipment dealershipCompletedUndisclosed
  57. 572 NovHull Street Energy → FirstLight USAHull Street Energy completes FirstLight US hydro dealEnergy / Hydro and pumped storageCompletedUndisclosed
  58. 583 NovKeyBanc Capital Markets Inc. (KeyCorp) → Atlantic-Pacific Capital, Inc.KeyBanc to buy private capital adviser Atlantic-PacificFinancials / Private capital advisoryAgreedUndisclosed
  59. 592 NovAyrmid Ltd. → Karyopharm Therapeutics Inc.Karyopharm files for Chapter 11 with Ayrmid merger planHealthcare / BiotechAnnouncedUndisclosed
  60. 602 NovPlatinum Equity → Warren ValvePlatinum Equity buys Warren Valve from Allied GroupIndustrials / Flow controlCompletedUndisclosed
  61. 612 NovTotalEnergies SE → 30% operated interest in the Lang Lebah and B14 gas fieldsTotalEnergies takes operated stake in Malaysia's Lang Lebah and B14 gas fieldsEnergy / Upstream gasAgreedUndisclosed
  62. 622 NovAdvent International (with ADIA as minority co-investor) → VermegAdvent agrees to buy Vermeg from CharterhouseTechnology / Financial softwareAgreedUndisclosed
  63. 633 NovQinhuangdao Port Co., Ltd. → Stakes in four Caofeidian port companies (from Hebei Port Group)Qinhuangdao Port signs deal for parent's Caofeidian port stakesTransport / PortsAgreedUndisclosed
  64. 643 NovCinven → TheramexCinven agrees to buy women's health drugmaker Theramex from Carlyle and PAIHealthcare / Specialty pharmaceuticalsAgreedUndisclosed
  65. 653 NovBPCE Assurances (Groupe BPCE) → GamaLifeBPCE moves to buy Apax's GamaLife to build bancassurance in PortugalFinancials / Life insuranceAnnouncedUndisclosed
  66. 663 NovBiffa → Enva's general recycling businesses in Scotland and EnglandBiffa agrees to buy Enva's recycling operations in Scotland and EnglandIndustrials / Waste managementAgreedUndisclosed
  67. 674 NovWynnchurch Capital (Double Eagle Acquisition Buyer) → Luxfer Holdings PLCLuxfer shareholders approve Wynnchurch takeoverMaterials / Advanced materials and gas cylindersAgreedUndisclosed
  68. 684 NovSiemens Mobility (Siemens AG) → MERMEC Group core businessesSiemens completes acquisition of core MERMEC rail businessesIndustrials / Rail signalling and diagnosticsCompletedUndisclosed
  69. 694 NovJapan Post Bank Co., Ltd. → Matsui Securities Co., Ltd. (about 20% stake)Japan Post Bank agrees to buy 20% of Matsui SecuritiesFinancials / Online brokerageAgreedUndisclosed
  70. 705 NovCritical Metals Corp. → European Lithium LtdCritical Metals completes takeover of European LithiumMining / Lithium and rare earthsCompletedUndisclosed
  71. 713 NovCrowdStrike Holdings, Inc. → Fiddler AICrowdStrike agrees to buy AI observability firm FiddlerTechnology / Cybersecurity and AI observabilityAgreedUndisclosed
  72. 724 NovDialpad, Inc. → Ada Support Inc. (Ada)Dialpad agrees to combine with Toronto AI customer service firm AdaTechnology / AI customer service softwareAgreedUndisclosed
  73. 734 NovTransom Capital Group → Cree LED (from Penguin Solutions)Transom Capital agrees to buy Cree LED from Penguin SolutionsTechnology / LED componentsAgreedUndisclosed
  74. 744 NovSignia Aerospace (backed by Arcline Investment Management) → Heads Up TechnologiesArcline-backed Signia Aerospace to buy Heads Up Technologies from JLL PartnersIndustrials / Aerospace componentsAgreedUndisclosed
  75. 754 NovPAI Partners → ELEMISPAI Partners agrees to buy ELEMIS from L'OccitaneConsumer / Prestige skincareAgreedUndisclosed
  76. 764 NovGlenwood Private Equity Co., Ltd. → Cariflex Pte. Ltd. (100%, from DL Chemical)DL Chemical signs binding MOU to sell Cariflex to Glenwood PEChemicals / Medical synthetic rubberIn talksUndisclosed
  77. 774 NovPT Pertamina (Persero) (via PT Pertamina Algeria Eksplorasi Produksi) → Moeve's entire interests in the Rhourde el Khrouf, Bir el Msana and Ourhoud fields, Berkine Basin, AlgeriaPertamina agrees to buy Moeve's Algerian Berkine oilfield stakesEnergy / Oil and gas upstreamAgreedUndisclosed
  78. 782 NovTokai Kogyo Holdings Co., Ltd. → Kinugawa Rubber Industrial Holdings Co., Ltd. (100% of voting shares, from Development Bank of Japan and Commons Share Holdings)Tokai Kogyo to buy Kinugawa Rubber from Development Bank of JapanIndustrials / Auto partsAgreedUndisclosed