Strategic Intelligence: Global M&A Deals in H1 2026 - Top Themes by Sector
Summary
If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&As). This report analyzes the disruptive themes that have driven M&A activity in H1 2026 across all sectors including materials, consumer, energy, financials, healthcare, industrials, technology, media & telecoms.The global M&A market in H1 2026 witnessed deals worth $1.7 trillion, a growth of 47% compared to H1 2025. The TMT sector led the M&A deal activity, with deals worth $373 billion recorded in H1 2026. Most of the sectors saw year-on-year growth in deal value in H1 2026. Mega-deals (defined as any deal valued at more than $1 billion) recorded a deal value worth $1.4 trillion in H1 2026, compared to $0.9 trillion in H1 2025.
Scope
- This report provides an overview of merger and acquisition activity globally in H1 2026 across all sectors. This report takes a close look at the top deals in all the sectors and identifies the themes driving each of these deals. This report also looks at the deals trend across North America, Europe, China, APAC Ex-China, South America, and Middle east and Africa.
Reasons to Buy
- Companies that invest in the right themes become success stories; those that miss the big themes end up as failures. If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&As).
- This report lists the most notable deals across all sectors to make it easy for our clients to get a view of themes disrupting these sectors and prepare for the future.
Table of Contents
- Executive Summary
- Review of the Global M&A Market - H1 2026
- Top Themes Driving M&A Activity - H1 2026
- Top M&A Deals by Sector - H1 2026
- Top M&A Deals by Geography - H1 2026
- Further Reading
- Report Authors
- Appendix 1: Deal Selection Criteria
- Appendix 2: Our Thematic Research Methodology
- Contact Us
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- SBM Offshore
- 3M Co
- AbbVie Inc
- Accenture Plc
- Advent International Corp
- Aegon UK plc
- Affinius Capital LLC
- Agnico Eagle Mines Ltd
- AI & FutureTech Alliance Limited
- Airtel Africa Plc
- Ajax Therapeutics Inc
- Alcoa Corp
- Allfunds Group Plc
- Allied Gold Corp
- Amazon.com Inc
- AMETEK Inc
- Amplifon SpA
- Amprion GmbH
- Anadarko Basin
- Angelini Pharma SpA
- Anheuser-Busch InBev SA/NV
- Anysphere Inc
- Apellis Pharmaceuticals Inc
- Apogee Therapeutics Inc
- Apollo Management X, L.P.
- Apple Inc
- Ara VAC TopCo US LLC
- ARC Resources Ltd
- Arcellx Inc
- Arcosa Inc
- Ardian SA
- Ares Management Corp
- Arise Digital Technology Co Ltd
- Asia Square Tower 2 Pte. Ltd
- ASP CPM Holdings Inc
- Athora UK Holding Ltd
- atNorth ehf
- Aura Group Inc.
- Autodesk Inc
- Bain Capital LP
- Banco Santander SA
- Banner Life Insurance Company
- Bayer AG
- Beazley plc
- Belden Inc
- Berkshire Hathaway Inc
- Bharti Airtel Ltd
- Biogen Inc
- Bio-Techne Corp
- Blackstone Inc
- Blackstone Infrastructure Partners LP
- Blue Owl Real Estate Capital LLC
- Bodycote plc
- Boralex Inc
- Boston Scientific Corp
- Brex Inc
- Brookfield Renewable Partners L.P
- Bullish
- BVNK Holdings Ltd
- Caesars Entertainment Inc
- Caisse de depot et placement du Quebec
- Caisse des Depots et Consignations
- Canada Pension Plan Investment Board
- Candid Therapeutics Inc
- Capital One Financial Corp
- Catalyst Pharmaceuticals Inc
- CECO Environmental
- Celerion Inc
- Centessa Pharmaceuticals Plc
- Chevron Philippines Inc
- Chiesi Farmaceutici SpA
- Chifeng Jilong Gold Mining Co Ltd
- CIBC Caribbean Bank Ltd
- Cintas Corp
- CIRCOR Aerospace Inc
- Clear Channel Outdoor Holdings Inc
- Cogentrix Energy Power Management LLC
- Cognite Holding B.V.
- Coherent Corp
- Coller Capital Ltd
- Constellation Energy
- Controlled Thermal Resources
- CoolIT Systems Inc
- Copenhagen Infrastructure V
- Corebridge Financial
- Coterra Energy
- Covetrus
- CPP Investments
- Crestpoint Real Estate Investments, Ltd.
- CRH Plc
- CVC Capital Partners Plc
- CVS Group Plc
- Daiwa Next Bank, Ltd.
- Dana
- Danaher Corp
- Day One Biopharmaceuticals Inc
- Deutsche Borse AG
- Development Bank of Japan Inc
- Devon Energy Corp
- Diafa Investment Holdings RSC Ltd
- Dominion Energy
- Donghai Securities Co. Ltd.
- Dragos Inc
- Dubai Aerospace Enterprise
- ECHO Realty LP
- Ecolab Inc
- EDF Power Solutions Canada Inc
- Edgewise Therapeutics
- Eldorado Gold Corp
- Eli Lilly and Co
- ENEOS Holdings Inc
- Energy Capital Partners
- Energy Fuels Inc
- Engie UK Holding Services Ltd
- ENTRUST Solutions Group
- EPL
- ePointZero Holding RSC Ltd
- EQT AB
- EQT Infrastructure VI Fund
- Equiniti Ltd
- Equinox Gold Corp
- Esco Technologies Inc
- Evelyn Partners
- Everllence SE
- Excellergy Inc
- ExxonMobil Guyana Ltd
- Federal Republic of Germany
- Fertitta Entertainment
- Fidelity National Information Services Inc
- First Capital REIT LP
- Foran Mining Corporation
- Forvia
- Fox Corp
- G Mining Ventures Corp
- G2 Goldfields Inc.
- General Atlantic LLC
- GFL Environmental Inc
- Gilead Sciences Inc
- Global Business Travel Group Inc
- Globalstar Inc
- GN Store Nord
- GOJO Industries Inc
- Grange Newco LLC
- Groupe Bruxelles Lambert SA
- Grupo Financiero Banamex SA de CV
- GSK plc
- Hapag-Lloyd AG
- Hartford Funds Management Group Inc
- Henkel AG & Co KGaA
- Hubbell Inc
- Huntsman Corp
- HyalRoute Communication Group Ltd
- IHS Holding Ltd
- I-MED Radiology Network Ltd
- Incyte Corp
- Indicor
- Ingredion Inc
- Inkia Energy Limited
- Inpost SA
- Intel Corp
- Intercom Inc
- International Flavors & Fragrances (IFF)
- Intertek Group Plc
- IOI Properties Group Berhad
- IonQ Inc
- Ipsen SA
- Iridium Communications Inc
- Isotope Bidco Ltd
- ITV
- IVECO Defence Vehicles Spa
- Jardine Matheson Holdings Ltd
- Jet Parts Engineering, Inc.
- Jetro Cash & Carry
- Kalvista Pharmaceuticals Inc
- Kartos Therapeutics Inc
- Kelonia Therapeutics Inc
- Kestrel Coal Group Pty Ltd
- Keurig Dr Pepper Inc
- KingSett Capital
- KKR & Co Inc
- KNDS NV
- Kodiak Building Partners
- KONE Corp
- Kreditanstalt fuer Wiederaufbau (Inactive)
- Leidos Holdings Inc
- Leonard Green & Partners LP
- Leonardo SpA
- Les Laboratoires Servier SAS
- Lhoist North America Inc
- Li Ning Co Ltd
- Liberty Strategic Capital
- LiveRamp Holdings Inc
- Lone Star Fund XII
- Long Lake Management Holdings Inc
- Lonza Group
- LS Power Equity Advisors, LLC
- Lumentum Holdings Inc
- Macquarie AirFinance Ltd
- Madison Fire & Rescue
- MaintainX, Inc.
- Manulife Infrastructure Fund III
- Martin Marietta Materials Inc
- Marvell Technology Inc
- Masimo Corp
- Mastercard Inc
- Megger Group Limited
- Meiji Yasuda Life Insurance Co
- Merck & Co Inc
- Merck KGaA
- Microsoft Corp
- Minto Apartment Real Estate Investment Trust
- Mister Car Wash Inc
- Mitsubishi Corp
- Mountain Lake Acquisition
- MTN Group Ltd
- MWI Veterinary Supply Inc
- National Storage Affiliates Trust
- Naturgy Energy Group SA
- NatWest Group Plc
- Navitas Credit Corp
- NCR Atleos Corp
- Nebius Group NV
- Netomnia Limited
- Neurocrine Biosciences Inc
- Nexfibre Networks Ltd
- Nippon Sheet Glass Co Ltd
- Novartis AG
- NSi Industries, LLC
- Nuvalent Inc
- Nuveen LLC
- Nuvei Corp
- NVIDIA Corp
- OlinHuntsman Corp
- OneStream Software LLC
- OpenAI LLC
- Organon & Co
- ORIX Bank Corporation
- Orla Mining Ltd
- Orna Therapeutics Inc
- Orsted
- Ouro Medicines Inc
- PacifiCorp
- Parker Hannifin Corp
- Payoneer Global Inc
- Pension Insurance Corporation Group
- Penumbra Inc
- Perfuse Therapeutics Inc
- Pikavation Therapeutics Inc
- Poste Italiane SpA
- Precision Aviation Group, Inc.
- Prosperity Bancshares Inc
- Public Storage
- Publicis Groupe SA
- Puma SE
- Q.AI
- Qoria Ltd
- QXO Inc
- Rapidus Co Ltd
- RAPT Therapeutics Inc
- Recordati SpA
- Regis Resources Ltd
- Renesas Electronics
- Richard Caring
- Robert A Ortenzio
- Rocket Lab Corp
- Roku Inc
- Rosebank Industries PLC
- Rowan Digital Infrastructure Pty Ltd
- Ruckus Networks
- Rupert Resources Ltd
- RWE AG
- Sabre Industries Inc
- Salesforce Inc
- Samsung Electronics Co Ltd
- Savvy Games Group
- Schneider Electric SE
- Schroders Plc
- Secure Waste Infrastructure Corp
- Select Medical Holdings Corp
- Semiconductor Components Industries LLC
- Senior Plc
- Shanghai Moonton Technology Co Ltd
- Shell plc
- Shionogi & Co Ltd
- Sila Realty Trust Inc
- Silicon Laboratories Inc
- SiTime Corp
- Sky Ltd
- SkyWater Technology Inc
- Societe Francaise du Tunnel Routier du Frejus
- Soleno Therapeutics Inc
- Soochow Securities Co Ltd
- South32
- Space Exploration Technologies Corp
- Stahl Holdings BV
- Standard Life Plc
- Stellar Bancorp Inc
- STT GDC Pte Ltd
- Sumitomo Forestry Co Ltd
- Sun Pharmaceutical Industries Ltd
- Sutter Health
- SV Management Switzerland AG
- Swedbank Robur Fonder AB
- Sweetwater Royalties LLC
- Synaptics Inc
- Sysco Corp
- Talen Energy Corp
- Tate & Lyle PLC
- Taylor Morrison Home Corp
- Team Services Group
- TenneT Germany
- Terns Pharmaceuticals Inc
- Terra Quantum
- Tesla Inc
- Texas Instruments Inc
- The AES Corp
- The Bank of N.T. Butterfield & Son Ltd
- The Brink's Co
- The Clorox Co
- Thomas H Lee Partners LP
- Tidemark Management Company
- TIM SpA
- TopBuild Corp
- Total System Services LLC
- Toyota Asset Preparatory Co Ltd
- Toyota Industries Corp
- TPG Rise Climate
- TransDigm Group Inc
- Transocean Ltd
- Traverse Midstream Partners LLC
- Tri Pointe Homes Inc
- True Corp Public Co Ltd
- Tubulis GmbH
- TWG Global, Inc.
- UCB SA
- UK Power Networks Holdings Ltd
- UniFirst Corp
- Unilever
- Uranium Royalty Corp
- Urbaser SA
- USA Rare Earth Inc
- Valaris Ltd
- Vault Minerals Ltd
- Vega Therapeutics Inc
- Veris Residential Inc
- Vertical Topco Ii SA
- ViiV Healthcare Limited
- Vistra Corp
- Vodafone Group Plc
- VodafoneThree Holdings Ltd
- VSE Corp
- Wafra Inc
- Webster Financial Corp
- Wellington Management Company LLP
- Whitestone REIT
- Yancoal Australia Ltd
- Zeus UK Bidco Ltd
- Zijin Gold International Co Ltd
- ZIM Integrated Shipping Services Ltd.
- Zurich Insurance Group Ltd
- A&R Investments, Ltd.
- Aethon United LP
- ANTA Sports Products Ltd
- ASP MWI Holdings Inc
- Astra Veicoli Industriali SpA
- Bain Capital LP
- Banco BTG Pactual SA
- Blackstone Strategic Partners
- Brookfield Corp
- Chevron Malaysia Ltd
- Choice Properties Real Estate Investment Trust
- EDF Power Solutions Inc
- EQT Infrastructure VI Fund
- Equinix Inc
- General Atlantic Service Company, L.P.
- Global Infrastructure Partners LLC
- I Squared Capital
- John Hancock Life Insurance Co
- Mont Blanc Autoroutes and Tunnel Co
- Mubadala Capital
- NetRise Inc
- Norges Bank Investment Management
- Olin Corp
- Singapore Telecommunications Ltd
- Substantial Group
- Vacuumschmelze GmbH & Co. KG
- Victor Sierra Aviation Holdings LLC
- Vista Hill Partners
- Welsh, Carson, Anderson & Stowe
- William Penn Life Insurance Company of New York Inc.
- Aethon III LLC
- Caisse de depot et placement du Quebec
- Chubb Ltd
- Hg Capital LLC
- Martin F. Jackson
- Portland General Electric Co
- PPF Group
- PSP Investments Canada Inc
- PT Chevron Oil Products Indonesia
- runZero, Inc
- Societe pour le logement intermediaire
- SoftBank Group Corp
- StepStone Group Inc
- AlpInvest Partners B.V.
- Blackstone Inc
- California Public Employees' Retirement System
- Chevron Singapore Pte Ltd
- FCWB LLC
- The Government of Japan
- TPG Real Estate Partners
- Canon Inc
- Chevron Australia Downstream Holdings Pty Ltd
- CPP Investment Board Private Holdings (4) Inc
- General Atlantic LLC
- CVC Capital Partners Fund IX
- Qatar Investment Authority
- Sony Group Corp
- Afore SURA
- Fujitsu Ltd
- Luxinva S.A.
- Andrea Recordati
- NTT Inc
- Information-Technology Promotion Agency,Japan, I.A.I.
- MGG Strategic SICAF SIF SA
- Respighi BidCo SPA
- PSP Europe LP
- Allina Health
- Devon Energy
- Eaton
- Equitable Holdings
- Indovida India
- McCormick
- NextEra Energy
- Plum Acquisition IV
- Thermon Group Holdings

