The COVID-19 pandemic and the economic crisis it brought on have clarified and exacerbated many of the most glaring problems and inequities in our economy – and concentrated economic power is no exception.
At the end of March 2020, Congress passed, and President Trump signed into law the CARES Act to address the economic and financial crisis caused by the coronavirus. The legislation expanded unemployment insurance and created an emergency small business lending program. It also authorized the Federal Reserve to intervene in financial markets to keep borrowing rates low for large corporations and financial institutions.
Advocates and political leaders encouraged Congress to adopt a merger ban to prohibit the use of this cheap financing by large institutions to engage in merger boom. But the merger ban was not adopted in final or subsequent legislation. In other words, the CARES Act allowed large corporations and financiers to take advantage of the economic crisis by providing them cheap financing they could use to buy up smaller competitors and businesses in distress, further consolidating economic and political power. Our research shows they have done just that.
To fully understand the scope of the merger wave sparked by COVID-19, Economic Liberties acquired access to Mergr, an online database that gathers merger and acquisition data, to collect and verify information about the largest deals made since the CARES Act was signed. Not all of the deals catalogued were financed with CARES Act funding, but they show that unlike small businesses, large corporations were positioned to survive the pandemic and accumulate even more power.
With this data, we hope to further support efforts by the Biden administration, Congress, and local and state antitrust enforcers to secure an equitable recovery.
This data was last updated January 20, 2021.
Pandemic Mergers
Acquirer | Status of Acquirer | Acquiree | Value | Sector | Date | Source | Status of Deal | Location of Acquiree | |
---|---|---|---|---|---|---|---|---|---|
MultiPlan Corp. | Public | Discovery Health Partners | $155,000,000 | Information Technology | 1/26/21 | Source | PENDING | Itasca, Illinois | |
United States Steel Corp. | Public | Big River Steel | $774,000,000 | Manufacturing | 1/15/21 | Source | Completed | Osceola, Arkansas | |
Public | Fitbit | $2,100,000,000 | Technology | 1/14/21 | Source | Completed | San Francisco, California | ||
Murphy USA | Public | QuickChek Corporation | $645,000,000 | Retail | 1/13/21 | Source | Completed | Whitehouse Station, New Jersey | |
Mercuria | Public | Beyond6 (subsidiary of HC2 Holdings, Inc.) | $169,000,000 | Energy | 1/13/21 | Source | Completed | Herndon, Virginia | |
Qualcomm | Public | Nuvia | $1,400,000,000 | Semiconductors | 1/13/21 | Source | PENDING | Santa Clara, California | |
Sanofi | Public | Kymab | $1,450,000,000 | Life Sciences | 1/12/21 | Source | PENDING | Cambridge, United Kingdom | |
Sulzer Ltd | Public | Nordic Water Products AB | $142,000,000 | Environmental | 1/11/21 | Source | PENDING | Mölndal, Sweden | |
IDEX Corp. | Public | ABEL Pumps LP | $103,500,000 | Machinery | 1/11/21 | Source | PENDING | Pittsburgh, Pennsylvania | |
American Industrial Partners | Private Equity | Domtar Corp. - Personal Care Business | $920,000,000 | Consumer Products | 1/8/21 | Source | PENDING | Fort Mill, South Carolina | |
Earthstone Energy, Inc. | Public | Independence Resources Management LLC | $182,000,000 | Oil/Gas | 1/7/21 | Source | Completed | Houston, Texas | |
Hopin Ltd | Private | StreamYard, Inc. | $250,000,000 | Internet Software and Services | 1/7/21 | Source | Completed | Tualatin, Oregon | |
F5 Networks, Inc. | Public | Volterra, Inc. | $500,000,000 | Software | 1/7/21 | Source | PENDING | Santa Clara, California | |
PGT Innovations, Inc. | Public | Eco Window Systems | $108,000,000 | Building Materials | 1/7/21 | Source | PENDING | Miami, Florida | |
PerkinElmer, Inc. | Public | Oxford Immunotec Global PLC | $591,000,000 | Medical Products | 1/7/21 | Source | PENDING | Abingdon, United Kingdom | |
LafargeHolcim Ltd | Public | Firestone Building Products Company LLC | $3,400,000,000 | Building Materials | 1/7/21 | Source | PENDING | Nashville, Tennessee | |
Hologic, Inc. | Public | Biotheranostics, Inc. | $230,000,000 | Life Sciences | 1/5/21 | Source | PENDING | San Diego, California | |
Angelini S.p.a. | Private | Arvelle Therapeutics International GmbH | $960,000,000 | Life Sciences | 1/4/21 | Source | Completed | Zug, Switzerland | |
John Wiley & Sons, Inc. | Public | Hindawi Ltd. | $298,000,000 | Publishing | 1/5/21 | Source | Completed | London, United Kingdom | |
Americold Realty Trust | Public | Agro Merchants Group | $1,700,000,000 | Real Estate | 1/4/21 | Source | Completed | Schiphol, Netherlands | |
Clayton, Dubilier & Rice (CD&R) | Private Equity | Wolseley UK Ltd. | $474,000,000 | Distribution | 1/4/21 | Source | PENDING | Royal Leamington Spa, United Kingdom | |
SVB Financial Group | Public | Boston Private Financial Holdings, Inc. | $900,000,000 | Financial Services | 1/4/21 | Source | PENDING | Boston, Massachusetts | |
Teledyne Technologies, Inc. | Public | FLIR Systems, Inc. | $8,000,000,000 | Electronics | 1/4/21 | Source | PENDING | Wilsonville, Oregon | |
Gibraltar Industries, Inc. | Public | TerraSmart LLC | $220,000,000 | Energy/Building Materials | 1/4/21 | Source | Completed | Fort Myers, Florida | |
Centene Corp. | Public | Magellan Health, Inc. | $2,200,000,000 | Healthcare Services | 1/4/21 | Source | PENDING | Phoenix, Arizona | |
Waterland Private Equity | Private Equity | The Priory Group Ltd. | $1,400,000,000 | Healthcare Services | 12/30/20 | Source | PENDING | Leatherhead Surrey, United Kingdom | |
Central Garden & Pet Co. | Public | Green Garden Products LLC | $532,000,000 | Consumer Products | 12/31/20 | Source | PENDING | Norton, Massachusetts | |
UGI Corp. | Public | Mountaineer Gas Co. | $540,000,000 | Utilities | 12/30/20 | Source | Completed | Charleston, West Virginia | |
McCormick & Co., Inc. | Public | FONA International, Inc. | $710,000,000 | Food | 12/30/20 | Source | Completed | Geneva, Illinois | |
Sval Energi AS (owned by HitecVision) | Private Equity | Edison Norge AS | $300,000,000 | Oil/Gas | 12/30/20 | Source | Completed | Stavanger, Norway | |
United Therapeutics Corp. | Public | Rare Pediatric Disease Priority Review Voucher (PPRV) | $105,000,000 | Life Sciences | 12/28/20 | Source | PENDING | Chicago, Illinois | |
Apax Partners | Private Equity | Azentio Software | $151,000,000 | Software | 12/28/20 | Source | PENDING | Mumbai, India | |
Vectrus, Inc. | Public | Zenetex LLC | $112,000,000 | Information Technology | 12/28/20 | Source | Completed | Herndon, Virginia | |
UFP Industries, Inc. | Public | PalletOne, Inc. | $232,000,000 | Forest Products | 12/10/20 | Source | PENDING | Bartow, Florida | |
Credit Corp Group Limited | Public | Collection House Ltd. - Australian Purchased Debt Ledger Book | $160,000,000 | Business Services | 12/24/20 | Source | PENDING | Newstead, Australia | |
Ardian | Private Equity | PRGX Global, Inc. | $195,000,000 | Business Services | 12/24/20 | Source | PENDING | Atlanta, Georgia | |
Elbit Systems of America LLC | Public | Sparton Corp. | $380,000,000 | Manufacturing | 12/23/20 | Source | PENDING | De Leon Springs, Florida | |
Bally's Corp. | Public | Eldorado Resort Casino Shreveport | $140,000,000 | Leisure | 12/23/20 | Source | Completed | Shreveport, Louisiana | |
Shanghai Wanye Enterprises Co., Ltd. | Public | Compart Systems Pte Ltd. | $398,000,000 | Manufacturing | 12/22/20 | Source | Completed | Singapore, Singapore | |
Honeywell International, Inc. | Public | Sparta Systems, Inc. | $1,300,000,000 | Software | 12/22/20 | Source | PENDING | Hamilton, New Jersey | |
Columbia Care, Inc. | Public | Green Leaf Medical LLC | $240,000,000 | Consumer Products | 12/22/20 | Source | PENDING | Frederick, Maryland | |
Liberty Health Sciences, Inc. | Public | Ayr Strategies, Inc. | $283,000,000 | Agriculture | 12/22/20 | Source | PENDING | New York, New York | |
Gilde Buy Out Partners B.V. | Private Equity | To-Increase BV | $127,000,000 | Software | 12/21/20 | Source | PENDING | Veenendaa, Netherlands | |
Peloton Interactive, Inc. | Public | Precor, Inc. | $420,000,000 | Consumer Products | 12/21/20 | Source | PENDING | Woodinville, Washington | |
ViaSat, Inc. | Public | RigNet, Inc. | $222,000,000 | Communications | 12/21/20 | Source | PENDING | Houston, Texas | |
Diamondback Energy, Inc. | Public | QEP Resources, Inc. | $2,200,000,000 | Oil/Gas | 12/21/20 | Source | PENDING | Denver, Colorado | |
American Securities | Private Equity | Beacon - Interior Products Business | $850,000,000 | Building Materials | 12/21/20 | Source | PENDING | Herndon, Virginia | |
Servier | Private | Agios - Oncology Business | $2,000,000,000 | Life Sciences | 12/21/20 | Source | PENDING | Cambridge, Massachusetts | |
Thoma Bravo | Private Equity | RealPage, Inc. | $10,200,000,000 | Software | 12/21/20 | Source | PENDING | Richardson, Texas | |
Gainwell Technologies (owned by Veritas Capital) | Private Equity | Hms Holdings Corp. | $3,400,000,000 | Business Services | 12/21/20 | Source | PENDING | Irving, Texas | |
Mueller Industries Inc. | Public | Tiffin Motorhomes, Inc. | $300,000,000 | Automotive | 12/18/20 | Source | Completed | Red Bay, Alabama | |
Lockheed Martin Corp. | Public | Aerojet Rocketdyne Holdings, Inc. | $4,400,000,000 | Defense/Aerospace | 12/20/20 | Source | PENDING | El Segundo, California | |
Rent-A-Center, Inc. | Public | Acima Credit LLC | $1,273,000,000 | Financial Services | 12/20/20 | Source | PENDING | Sandy, Utah | |
Royal Philips | Public | BioTelemetry, Inc. | $2,800,000,000 | Medical Products | 12/18/20 | Source | PENDING | Malvern, Pennsylvania | |
PPG Industries, Inc. | Public | Tikkurila Oyj | $1,240,000,000 | Chemicals | 1/5/21 | Source | PENDING | Vantaa, Finland | |
Tourmaline Oil Corp. | Public | Jupiter Resources, Inc. | $630,000,000 | Oil/Gas | 12/18/20 | Source | Completed | Calgary, Alberta | |
Novartis AG | Public | Cadent Theraputics, Inc. | $770,000,000 | Life Sciences | 12/17/20 | Source | PENDING | Cambridge, Massachusetts | |
Nexstar Media Group, Inc. | Public | BestReviews LLC | $160,000,000 | Internet Software and Services | 12/16/20 | Source | PENDING | Sparks, Nevada | |
Integra LifeSciences Holdings Corp. | Public | ACell, Inc. | $400,000,000 | Medical Products | 12/16/20 | Source | PENDING | Columbia, Maryland | |
Ultra Clean Holdings, Inc. | Public | Ham-Let (Israel-Canada) Ltd. | $348,000,000 | Machinery | 12/16/20 | Source | PENDING | Nazareth Illit, Israel | |
Eli Lilly and Co. | Public | Prevail Therapeutics, Inc. | $880,000,000 | Life Sciences | 12/15/20 | Source | PENDING | New York, New York | |
AnGes, Inc. | Public | EmendoBio, Inc. | $250,000,000 | Life Sciences | 12/15/20 | Source | Completed | New York, New York | |
Oshkosh Corp. | Public | Pratt Miller | $115,000,000 | Automotive | 1/13/21 | Source | Completed | New Hudson, Michigan | |
GoDaddy, Inc. | Public | Poynt Co. | $320,000,000 | Internet Software and Services | 12/15/20 | Source | PENDING | Palo Alto, California | |
A.P. Moller - Maersk A/S | N/A | Faerch Plast A/S | $2,141,000,000 | Plastics | 12/14/20 | Source | PENDING | Holstebro, Denmark | |
Goldman Sachs Merchant Banking | Private Equity | People Corp. | $859,000,000 | Business Services | 12/14/20 | Source | PENDING | Winnipeg, Manitoba | |
Montagu Private Equity LLP | Private Equity | Capita Plc - Education Software Solutions | $616,000,000 | Software | 12/14/20 | Source | PENDING | London, United Kingdom | |
Trinseo SA | Public | Arkema - PMMA Business | $1,378,350,000 | Plastics | 12/14/20 | Source | PENDING | Colombes, France | |
PTC Inc. | Public | Arena Solutions, Inc. | $715,000,000 | Internet Software and Services | 12/14/20 | Source | PENDING | Foster City, California | |
Electronic Arts, Inc. | Public | The Codemasters Software Co. Ltd. | $1,200,000,000 | Digital Media | 12/14/20 | Source | PENDING | Warwickshire, United Kingdom | |
Huntington Bancshares, Inc. | Public | TCF Financial Corp. | Merger | Financial Services | 12/13/20 | Source | PENDING | Detroit, Michigan | |
Vista Equity Partners | Private Equity | Pluralsight LLC | $3,500,000,000 | Internet Software and Services | 12/13/20 | Source | PENDING | Draper, Utah | |
Hyundai Motor Group | Public | Boston Dynamics | $1,100,000,000 | Machinery | 12/11/20 | Source | Completed | Waltham, Massachusetts | |
Farmers Group, Inc.(DBA Farmers Underwriters Association) | Public | MetLife Auto & Home | $3,940,000,000 | Insurance | 12/11/20 | Source | PENDING | New York, New York | |
Dye & Durham Corp. | Public | DoProcess LP | $416,680,000 | Software | 12/10/20 | Source | Completed | Toronto, Ontario | |
Wolters Kluwer N.V. | Public | eOriginal, Inc. | $260,000,000 | Information Technology | 12/16/20 | Source | Completed | Baltimore, Maryland | |
Leidos Holdings, Inc. | Public | 1901 Group LLC | $215,000,000 | Information Technology | 12/10/20 | Source | PENDING | Reston, Virginia | |
Boehringer Ingelheim GmbH | Private | NBE-Therapeutics AG | $1,330,000,000 | Life Sciences | 12/10/20 | Source | PENDING | Basel, Switzerland | |
Gilead Sciences, Inc. | Public | MYR GmbH | $1,296,000,000 | Life Sciences | 12/10/20 | Source | PENDING | Bad Homburg, Germany | |
Electrocomponents plc | Public | Synovos, Inc. | $145,000,000 | Business Services | 12/10/20 | Source | Completed | Radnor, Pennsylvania | |
Funimation Productions Ltd. (owned by Sony Pictures) | Public | Crunchyroll, Inc. | $1,175,000,000 | Digital Media | 12/10/20 | Source | Completed | San Francisco, California | |
Platinum Equity | Private Equity | Ingram Micro, Inc. | $7,200,000,000 | Distribution | 12/9/20 | Source | PENDING | Irvine, California | |
Mayr-Melnhof Karton AG | Public | Kotkamills Oy | $479,000,000 | Forest Products | 12/9/20 | Source | PENDING | Kotka, Finland | |
Amphenol Corp. | Public | MTS Systems Corp. | $1,700,000,000 | Test/Measurement Equipment | 12/9/20 | Source | PENDING | Eden Prairie, Minnesota | |
Stratasys Ltd. | Public | Origin Laboratories, Inc. | $100,000,000 | Business Services | 1/5/20 | Source | Completed | San Francisco, California | |
Repligen Corp. | Public | Artesyn Biosolutions | $200,000,000 | Medical Products | 11/2/20 | Source | Completed | Waterford, Ireland | |
Modern Times Group Mtg AB | Public | Hutch Games Ltd. | $275,000,000 | Digital Media | 12/8/20 | Source | Completed | London, United Kingdom | |
Huntsman Corp. | Public | Gabriel Performance Products LLC | $250,000,000 | Chemicals | 12/7/20 | Source | PENDING | Ashtabula, Ohio | |
American Industrial Partners | Private Equity | SEACOR Holdings, Inc. | $1,000,000,000 | Marine | 12/7/20 | Source | PENDING | Fort Lauderdale, Florida | |
NortonLifeLock, Inc. | Public | Avira Operations GmbH & Co. KG | $360,000,000 | Software | 12/7/20 | Source | PENDING | Tettnang, Germany | |
Peraton Corp. (owned by Veritas Capital) | Private Equity | Northrop Grumman Corp. - Federal IT & Mission Support Services Business | $3,400,000,000 | Information Technology | 12/7/20 | Source | Completed | Falls Church, Virginia | |
Ingersoll-Rand Plc | Public | Tuthill Vacuum and Blower Systems | $184,000,000 | Machinery | 12/7/20 | Source | PENDING | Springfield, Missouri | |
Gamenet SpA | Public | Lottomatica Holding Srl | $1,071,000,000 | Gaming | 12/6/20 | Source | PENDING | Rome, Italy | |
PAI Partners | Private Equity | Apleona GmbH | $1,803,000,000 | Real Estate | 12/6/20 | Source | Completed | Neu-Isenburg, Germany | |
Cisco Systems, Inc. | Public | IMImobile Ltd. | $703,000,000 | Software | 12/6/20 | Source | PENDING | London, United Kingdom | |
Olympus Corporation | Public | Veran Medical Technologies, Inc. | $340,000,000 | Medical Products | 12/30/20 | Source | Completed | St. Louis, Missouri | |
Macquarie Capital | Private Equity | Waddell & Reed Financial, Inc. | $1,700,000,000 | Financial Services | 12/3/20 | Source | PENDING | Overland Park, Kansas | |
Affirm, Inc. | Public | PayBright | $258,000,000 | Information Technology | 1/4/21 | Source | Completed | Toronto, Ontario | |
Thoma Bravo | Private Equity | Flexera Software, Inc. | $2,850,000,000 | Software | 12/3/20 | Source | Completed | Schaumburg, Illinois | |
Nesco Holdings, Inc. | Public | Custom Truck One Source | $1,475,000,000 | Machinery | 12/3/20 | Source | PENDING | Kansas City, Missouri | |
CVC Capital Partners | Private Equity | RiverStone Europe | $750,000,000 | Insurance | 12/2/20 | Source | PENDING | Brighton, United Kingdom | |
Lightspeed POS, Inc. | Public | Upserve, Inc. | $430,000,000 | Internet Software and Services | 12/1/20 | Source | Completed | Providence, Rhode Island | |
Zimmer Biomet Holdings, Inc. | Public | A&E Medical Corp. | $250,000,000 | Medical Products | 12/1/20 | Source | Completed | Farmingdale, New Jersey | |
SERB SA (owned by Charterhouse Capital Partners) | Private Equity | BTG Specialty Pharmaceuticals | $800,000,000 | Medical Products | 12/1/20 | Source | PENDING | Gladwyne, Pennsylvania | |
AdaptHealth Corp. | Public | Aerocare Holdings, Inc. | $2,000,000,000 | Healthcare Services | 12/1/20 | Source | Completed | Orlando, Florida | |
Salesforce.com, inc. | Public | Slack Technologies, Inc. | $27,700,000,000 | Internet Software and Services | 12/1/20 | Source | PENDING | San Francisco, California | |
Francisco Partners | Private Equity | CDK Global, Inc. - International business | $1,450,000,000 | Software | 11/30/20 | Source | PENDING | Hoffman Estates, Illinois | |
Celltrion, Inc. | Public | Takeda Pharmaceutical Co.,Ltd. - Primary Care (PC) Product Assets | $278,000,000 | Life Sciences | 11/30/20 | Source | Completed | Osaka, Japan | |
Kaiser Aluminum Corporation | Public | Alcoa Warrick LLC | $670,000,000 | Metals/Mining | 11/30/20 | Source | PENDING | Evansville, Indiana | |
S&P Global, Inc. | Public | IHS Markit Ltd. | Merger | Information Technology | 11/30/20 | Source | PENDING | London, United Kingdom | |
Facebook, Inc. | Public | Kustomer, Inc. | $1,000,000,000 | Internet Software and Services | 11/30/20 | Source | Completed | New York, New York | |
Vienna Insurance Group AG | Public | Aegon NV - Central and Eastern European Business (CEE) | $935,000,000 | Insurance | 11/29/20 | Source | PENDING | Budapest, Hungary | |
Penguin Random House LLC (Owned by Bertelsmann) | Private Equity | Simon & Schuster, Inc. | $2,175,000,000 | Publishing | 11/25/20 | Source | PENDING | New York, New York | |
Athene Holding Ltd. | Public | Donlen Corp. | $875,000,000 | Business Services | 12/18/20 | Source | Completed | Bannockburn, Illinois | |
McCormick & Co., Inc. | Public | Cholula Hot Sauce | $800,000,000 | Food | 11/24/20 | Source | Completed | Jalisco, Mexico | |
TransDigm Group, Inc. | Public | Cobham Aero Connectivity | $965,000,000 | Technology Hardware | 11/24/20 | Source | PENDING | Marlow, United Kingdom | |
BlackRock, Inc. | Public | Aperio Group LLC | $1,050,000,000 | Financial Services | 11/23/20 | Source | PENDING | Sausalito, California | |
Merck & Co., Inc. | Public | OncoImmune | $425,000,000 | Life Sciences | 12/16/20 | Source | Completed | Rockville, Maryland | |
Kemper Corp. | Public | American Access Casualty Co. | $370,000,000 | Insurance | 11/23/20 | Source | PENDING | Downers Grove, Illinois | |
CoStar Group, Inc. | Public | Homesnap, Inc. | $250,000,000 | Internet Software and Services | 12/17/20 | Source | Completed | Bethesda, Maryland | |
Experian Plc | Public | Tapad, Inc. | $280,000,000 | Marketing | 11/19/20 | Source | Completed | New York, New York | |
Nasdaq, Inc. | Public | Verafin, Inc. | $2,750,000,000 | Software | 12/28/20 | Source | Completed | St. John's, Newfoundland | |
Inspecs Group plc | Public | Eschenbach Optik GmbH | $107,000,000 | Consumer Products | 12/14/20 | Source | Completed | Nurnberg, Germany | |
FireEye, Inc. | Public | Respond Software, Inc. | $186,000,000 | Software | 11/19/20 | Source | Completed | Mountain View, California | |
West Fraser Timber Co., Ltd. | Public | Norbord, Inc. | $3,100,000,000 | Forest Products | 11/19/20 | Source | Completed | Toronto, Ontario | |
Croda International plc | Public | Iberchem, S.A. | $924,000,000 | Chemicals | 11/18/20 | Source | Completed | Alcantarilla, Spain | |
Deutsche Boerse AG | Public | Institutional Shareholder Services, Inc. | $2,275,000,000 | Financial Services | 11/17/20 | Source | PENDING | Rockville, Maryland | |
Mars, Inc. | Private | KIND LLC | $5,000,000,000 | Food | 11/17/20 | Source | Completed | New York, New York | |
Mars, Inc. | Private | Nature's Bakery | $400,000,000 | Food | 12/4/20 | Source | Completed | Reno, Nevada | |
Autodesk, Inc. | Public | Spacemaker AS | $240,000,000 | Internet Software and Services | 11/24/20 | Source | Completed | Oslo, Norway | |
Fortune Brands Home & Security, Inc. | Public | Larson Manufacturing Co. | $660,000,000 | Building Materials | 12/14/20 | Source | Completed | Brookings, South Dakota | |
The Home Depot, Inc. | Public | HD Supply Holdings, Inc. | $8,000,000,000 | Distribution | 12/24/20 | Source | Completed | Atlanta, Georgia | |
Covis Pharma Sàrl (owned by Apollo Global Management LLC) | Private Equity | AMAG Pharmaceuticals, Inc. | $647,000,000 | Life Sciences | 11/16/20 | Source | Completed | Waltham, Massachusetts | |
The PNC Financial Services Group, Inc. | Public | BBVA USA Bancshares, Inc. | $11,600,000,000 | Financial Services | 11/16/20 | Source | PENDING | Houston, Texas | |
Baidu, Inc. | Public | JOYY’s Live Streaming Business | $3,600,000,000 | Internet Software and Services | 11/16/20 | Source | PENDING | Guangzhou, China | |
GAN plc | Public | Coolbet Group | $175,900,000 | Leisure | 1/5/21 | Source | Completed | Tallinn, Estonia | |
American Securities | Private Equity | Foundation Building Materials, Inc. | $1,370,000,000 | Distribution | 11/15/20 | Source | PENDING | Santa Ana, California | |
Utz Quality Foods, Inc. | Public | Truco Enterprises LP | $480,000,000 | Food | 12/14/20 | Source | Completed | Dallas, Texas | |
Cellnex Telecom, S.A. | Public | Cheung Kong (Holdings) Ltd. - European Tower Assets & Businesses | $11,269,000,000 | Communications | 11/12/20 | Source | Completed | Hong Kong, Hong Kong | |
Sumitovant Biopharma, Inc. | N/A | Urovant Sciences, Inc. | $584,000,000 | Life Sciences | 11/12/20 | Source | PENDING | Irvine, California | |
Infobip Ltd. | Private | OpenMarket | $300,000,000 | Information Technology | 11/11/20 | Source | PENDING | Seattle, Washington | |
Addus HomeCare, Inc. | Public | Queen City Hospice LLC | $192,000,000 | Healthcare Services | 11/11/20 | Source | Completed | Mason, Ohio | |
Palo Alto Networks, Inc. | Public | Expanse, Inc. | $670,000,000 | Software | 12/15/20 | Source | Completed | San Francisco, California | |
Churchill Equity, Inc. | Private Equity | Global Knowledge Training LLC | $233,000,000 | Education | 11/11/20 | Source | Completed | Cary, North Carolina | |
TA Associates | Private Equity | Planview, Inc. | $1,600,000,000 | Software | 12/18/20 | Source | Completed | Austin, Texas | |
Amsterdam Commodities NV | Public | SunOpta, Inc. - Global Ingredients Segment | $372,000,000 | Food | 12/15/20 | Source | Completed | Mississauga, Ontario | |
Pharmaron Beijing Co., Ltd. | Public | Absorption Systems LP | $138,000,000 | Life Sciences | 11/9/20 | Source | Completed | Exton, Pennsylvania | |
Adobe, Inc. | Public | Workfront, Inc. | $1,500,000,000 | Internet Software and Services | 12/7/20 | Source | Completed | Lehi, Utah | |
Riverstone Holdings | Private Equity | International-Matex Tank Terminals, Inc. | $2,685,000,000 | Energy Services and Equipment | 11/9/20 | Source | PENDING | New Orleans, Louisiana | |
Orange Romania SA | Public | Telekom Romania Communications S.A. | $560,000,000 | Communications | 11/9/20 | Source | PENDING | Bucharest, Romania | |
MultiPlan Corp. | Public | HST | $140,000,000 | Information Technology | 11/9/20 | Source | Completed | Laguna Hills, California | |
TELUS International, Inc. | Public | Lionbridge Technologies, Inc. | $935,000,000 | Information Technology | 11/6/20 | Source | PENDING | Waltham, Massachusetts | |
GoBrands, Inc. | Private | Beverages & More, Inc. | $350,000,000 | Retail | 12/1/20 | Source | Completed | Concord, California | |
Lightspeed POS, Inc. | Public | ShopKeep, Inc. | $440,000,000 | Internet Software and Services | 11/25/20 | Source | Completed | New York, New York | |
American Tower Corp. | Public | InSite Wireless Group LLC | $3,500,000,000 | Communications | 12/23/20 | Source | Completed | Alexandria, Virginia | |
TreeHouse Foods, Inc. | Public | Riviana Foods, Inc. | $243,000,000 | Food | 12/14/20 | Source | Completed | Houston, Texas | |
Merck & Co., Inc. | Public | VelosBio, Inc. | $2,750,000,000 | Life Sciences | 12/18/20 | Source | Completed | San Diego, California | |
Americold Realty Trust | Public | Hall's Warehouse Corp. | $480,000,000 | Real Estate | 11/11/20 | Source | Completed | South Plainfield, New Jersey | |
Aphria, Inc. | Public | SW Brewing Co. LLC | $300,000,000 | Beverages | 11/30/20 | Source | Completed | Atlanta, Georgia | |
Kimball International, Inc. | Public | Poppin, Inc. | $180,000,000 | Furniture | 12/9/20 | Source | Completed | New York, New York | |
Clearlake Capital Group | Private Equity | Endurance International Group, Inc. | $3,000,000,000 | Internet Software and Services | 11/6/20 | Source | Completed | Burlington, Massachussetts | |
PerkinElmer, Inc. | Public | Horizon Discovery Group PLC | $456,000,000 | Healthcare Services | 12/23/20 | Source | Completed | Cambridge, United Kingdom | |
Coupa Software, Inc. | Public | LLamasoft, Inc. | $1,500,000,000 | Software | 11/2/20 | Source | Completed | Ann Arbor, Michigan | |
Stonepeak Infrastructure Partners | Private Equity | Astound Broadband | $8,100,000,000 | Communications | 11/2/20 | Source | Completed | Princeton, New Jersey | |
Advent International | Private Equity | Nielsen Global Connect | $2,700,000,000 | Business Services | 11/1/20 | Source | Completed | New York, New York | |
Francisco Partners | Private Equity | MyFitnessPal | $345,000,000 | Internet Software and Services | 12/20/20 | Source | Completed | San Francisco, California | |
AnaCap Financial Partners | Private Equity | Market Pay | $338,000,000 | Information Technology | 10/30/20 | Source | PENDING | Évry-Courcouronnes, France | |
Inspire Brands, Inc. | Private Equity | Dunkin' Brands Group, Inc. | $11,300,000,000 | Food | 12/18/20 | Source | Completed | Canton, Massachusetts | |
Nestlé S.A. | Public | Freshly, Inc. | $950,000,000 | Food | 11/2/20 | Source | Completed | Tempe, Arizona | |
Marvell Technology Group Ltd. | Public | Inphi Corp. | $10,000,000,000 | Semiconductors | 11/5/20 | Source | Completed | Santa Clara, California | |
The Carlyle Group | Private Equity | Flender GmbH | $2,000,000,000 | Manufacturing | 11/2/20 | Source | PENDING | Bocholt, Germany | |
Parsons Corp. | Public | Braxton Science & Technology Group LLC | $300,000,000 | Software | 11/13/20 | Source | Completed | Colorado Springs, Colorado | |
Alliance Data Systems Corp. | Public | Lon Operations LLC | $450,000,000 | Information Technology | 11/3/20 | Source | Completed | New York, New York | |
Novartis AG | Public | Vedere Bio, Inc. | $150,000,000 | Life Sciences | 10/29/20 | Source | Completed | Cambridge, Massachusetts | |
Ritchie Bros. Auctioneers, Inc. | Public | Rouse Services | $275,000,000 | Information Technology | 10/30/20 | Source | Completed | Beverly Hills, California | |
Pidilite Industries Ltd. | Public | Huntsman Corp. - DIY Consumer Adhesives Business | $285,000,000 | Chemicals | 11/3/20 | Source | Completed | The Woodlands, Texas | |
Advanced Micro Devices, Inc. | Public | Xilinx, Inc. | $35,000,000,000 | Semiconductors | 1/13/21 | Source | Completed | San Jose, California | |
Teleperformance S.A. | Public | Health Advocate, Inc. | $690,000,000 | Healthcare Services | 10/27/20 | Source | PENDING | Plymouth Meeting, Pennsylvania | |
Callaway Golf Co. | Public | Topgold International, Inc. | $2,000,000,000 | Leisure | 10/27/20 | Source | PENDING | Dallas, Texas | |
Gaming and Leisure Properties, Inc. | Public | Dover Downs Hotel & Casino | $340,000,000 | Leisure | 10/27/20 | Source | Completed | Dover, Delaware | |
Bally's Corp. | Public | Tropicana Evansville | $480,000,000 | Leisure | 10/27/20 | Source | Completed | Evansville, Indiana | |
EQT Corp. | Public | Chevron Corp. - Appalachia Assets | $735,000,000 | Oil/Gas | 11/12/20 | Source | Completed | Coraopolis, Pennsylvania | |
Exact Sciences Corp. | Public | Thrive Earlier Detection Corp. | $2,150,000,000 | Life Sciences | 1/5/21 | Source | Completed | Cambridge, Massachusetts | |
Spectrum Brands Holdings, Inc. | Public | Armitage Pet Care Ltd. | $180,000,000 | Consumer Products | 10/26/20 | Source | Completed | Nottinghamshire, United Kingdom | |
Israel Chemicals Ltd. | Public | Fertiláqua | $120,000,000 | Chemicals | 1/7/21 | Source | Completed | Sao Paulo, Brazil | |
B&G Foods, Inc. | Public | The J.M. Smucker Co. - Crisco Business | $550,000,000 | Food | 12/1/20 | Source | Completed | Orville, Ohio | |
Spirit AeroSystems, Inc. | Public | Bombardier, Inc. - Aerostructures and Aftermarket Services Business | $275,000,000 | Defense/Aerospace | 10/30/20 | Source | Completed | Belfast, Ireland | |
Bayer AG | Public | Asklepios BioPharmaceutical, Inc. | $4,000,000,000 | Life Sciences | 10/26/20 | Source | Completed | Research Triangle Park, North Carolina | |
ANSYS, Inc. | Public | Analytical Graphics, Inc. | $700,000,000 | Software | 12/1/20 | Source | Completed | Exton, Pennsylvania | |
1847 Goedeker, Inc. | Public | AppliancesConnection.com | $210,000,000 | E-Commerce | 10/26/20 | Source | PENDING | Brooklyn, New York | |
Cogeco Communications Inc. | Public | DERYtelecom | $405,000,000 | Communications | 12/14/20 | Source | Completed | Saguenay, Quebec | |
Pioneer Natural Resources Co. | Public | Parsley Energy, Inc. | $4,500,000,000 | Oil/Gas | 1/12/21 | Source | Completed | Austin, Texas | |
Applus Servicios Tecnologicos, S.L.U. | Private | Besikta Bilprovning i Sverige AB | $124,000,000 | Automotive | 10/20/20 | Source | Completed | Malmo, Sweden | |
Kainos Capital | Private Equity | NutriSystem, Inc. | $575,000,000 | Healthcare Services | 12/9/20 | Source | Completed | Fort Washington, Pennsylvania | |
SK Hynix, Inc. | Public | Intel Corp. - NAND Memory Business | $9,000,000,000 | Semiconductors | 10/20/20 | Source | PENDING | Santa Clara, California | |
Smart Modular Technologies, Inc. | Public | Cree, Inc. - LED Products Business Unit | $300,000,000 | Electrical Equipment | 11/25/20 | Source | Completed | Durham, North Carolina | |
Endo International plc | Public | BioSpecifics Technologies Corp. | $540,000,000 | Life Sciences | 12/2/20 | Source | Completed | Wilmington, Delware | |
Juniper Networks, Inc. | Public | 128 Technology | $450,000,000 | Information Technology | 12/1/20 | Source | Completed | Burlington, Massachussetts | |
Partners Group AG | Private Equity | Telepass S.p.A | $2,400,000,000 | Business Services | 1/7/21 | Source | Completed | Rome, Italy | |
Canadian Pacific Railway Ltd. | Public | Detroit River Tunnel Co. | $312,000,000 | Infrastructure | 12/22/20 | Source | Completed | Detroit, Michigan | |
I Squared Capital | Private Equity | GTT Communications, Inc. - Infrastructure Division | $2,150,000,000 | Infrastructure | 11/10/20 | Source | Completed | McLean, Virginia | |
The Jordan Company | Private Equity | PQ Corp. - Performance Materials Business | $650,000,000 | Chemicals | 12/14/20 | Source | Completed | Valley Forge, Pennsylvania | |
Eli Lilly and Co. | Public | Disarm Therapeutics | $135,000,000 | Life Sciences | 12/15/20 | Source | Completed | Cambridge, Massachusetts | |
Simply Green Home Services, Inc. | Private | SNAP Financial Group | $511,000,000 | Information Technology | 10/14/20 | Source | Completed | Vancouver, British Columbia | |
Astellas Pharma, Inc. | Public | iota Biosciences, Inc. | $127,500,000 | Medical Products | 10/30/20 | Source | Completed | Berkeley, California | |
Ardian | Private Equity | ANGUS Chemical Co. | $2,250,000,000 | Chemicals | 10/13/20 | Source | Completed | Buffalo Grove, Illinois | |
Helios Technologies | Public | Balboa Water Group, Inc. | $219,000,000 | Manufacturing | 11/9/20 | Source | Completed | Costa Mesa, California | |
Bandwidth, Inc. | Public | Voxbone SA | $503,000,000 | Internet Software and Services | 11/2/20 | Source | Completed | Brussels, Belgium | |
Twilio, Inc. | Public | Segment.io, Inc. | $3,200,000,000 | Internet Software and Services | 11/2/20 | Source | Completed | San Francisco, California | |
Latour Capital | Private Equity | Santiane Group SAS | $225,000,000 | Insurance | 12/11/20 | Source | Completed | Paris, France | |
Arch Capital Group Ltd. | Public | Watford Holdings Ltd. | $700,000,000 | Insurance | 11/2/20 | Source | PENDING | Pembroke, Bermuda | |
Morgan Stanley & Co. | Public | Eaton Vance Corp. | $7,000,000,000 | Financial Services | 10/21/20 | Source | PENDING | Boston, Massachusetts | |
Onex Partners | Private Equity | Digital Insurance LLC (OneDigital) | $960,000,000 | Insurance | 11/16/20 | Source | Completed | Atlanta, Georgia | |
Dun & Bradstreet Holdings, Inc. | Public | Bisnode Business Information Group AB | $818,000,000 | Information Services | 1/11/21 | Source | Completed | Solna, Sweden | |
Steris Plc | Public | Key Surgical LLC | $850,000,000 | Medical Products | 11/18/20 | Source | Completed | Minneapolis, Minnesota | |
Caterpillar, Inc. | Public | The Weir Group PLC - Oil & Gas Division | $405,000,000 | Energy Services and Equipment | 11/3/20 | Source | Completed | Fort Worth, Texas | |
Avalara, Inc. | Public | Transaction Tax Resources, Inc. | $377,000,000 | Software | 10/5/20 | Source | Completed | McMinnville, Oregon | |
Bristol-Myers Squibb Co. | Public | MyoKardia, Inc. | $13,100,000,000 | Life Sciences | 11/17/20 | Source | Completed | San Francisco, California | |
Veeam Software (owned by Insight Partners) | Private Equity | Kasten, Inc. | $150,000,000 | Technology Hardware | 10/5/20 | Source | Completed | Los Altos, California | |
BlackLine, Inc | Public | Rimilia Holdings Ltd. | $150,000,000 | Software | 10/2/20 | Source | Completed | Worcs, United Kingdom | |
Innovative Renal Care, Inc. (owned by Nautic Partners LLC) | Private Equity | American Renal Associates Holdings, Inc. | $853,000,000 | Healthcare Services | 10/12/20 | Source | Completed | Beverly, Massachusetts | |
ATCO Ltd. | Public | TransAlta Corp. - Pioneer Pipeline | $255,000,000 | Utilities | 10/1/20 | Source | Completed | Calgary, Alberta | |
Bally's Corp. | Public | Jumer's Casino & Hotel | $120,000,000 | Leisure | 10/1/20 | Source | PENDING | Rock Island, Illinois | |
Secura Bio, Inc. | Public | Verastem, Inc. - COPIKTRA (duvelisib) | $381,000,000 | Life Sciences | 9/30/20 | Source | Completed | Needham, Massachusetts | |
Caesars Entertainment Corp. | Public | William Hill Plc | $3,690,000,000 | Gaming | 12/28/20 | Source | PENDING | London, United Kingdom | |
j2 Global, Inc. | Public | RetailMeNot, Inc. | $420,000,000 | Internet Software and Services | 11/7/20 | Source | Completed | Austin, Texas | |
The Providence Service Corp. | Public | Simplura Health Group | $575,000,000 | Consumer Products | 11/18/20 | Source | Completed | Valley Stream, New York | |
Smith & Nephew plc | Public | Integra LifeSciences Holdings Corp. - Extremity Orthopaedics Business | $240,000,000 | Medical Products | 1/4/21 | Source | Completed | Princeton, New Jersey | |
Sun Communities, Inc. | Public | Safe Harbor Marinas LLC | $2,000,000,000 | Marine | 10/30/20 | Source | Completed | Dallas, Texas | |
Molina Healthcare, Inc. | Public | Affinity Health Plan | $330,000,000 | Insurance | 9/29/20 | Source | PENDING | Bronx, New York | |
Molina Healthcare, Inc. | Public | Magellan Health - Magellan Complete Care Unit (MCC) | $820,000,000 | Healthcare Services | 12/31/20 | Source | Completed | Phoenix, Arizona | |
Ivanti (owned by Clearlake Capital Group and TA Associates) | Private Equity | MobileIron, Inc. | $872,000,000 | Internet Software and Services | 12/1/20 | Source | Completed | Mountain View, California | |
Patricia Industries (owned by Investor AB) | N/A | Advanced Instruments, Inc. | $780,000,000 | Test/Measurement Equipment | 11/11/20 | Source | Completed | Norwood, Massachusetts | |
Cleveland-Cliffs, Inc. | Public | ArcelorMittal USA LLC | $1,400,000,000 | Metals/Mining | 12/9/20 | Source | Completed | Chicago, Illinois | |
EnPro Industries, Inc. | Public | Alluxa, Inc. | $255,000,000 | Manufacturing | 10/27/20 | Source | Completed | Santa Rosa, California | |
Boxlight Corp. | Public | Sahara Presentation Systems PLC | $114,000,000 | Technology Hardware | 9/25/20 | Source | Completed | Kent, United Kingdom | |
Tmx Group Ltd. | Public | American Stock Transfer & Trust Co. LLC | $165,000,000 | Financial Services | 9/25/20 | Source | PENDING | Brooklyn, New York | |
Curtiss-Wright Corp. | Public | Pacific Star Communications, Inc. (PacStar) | $400,000,000 | Technology Hardware | 11/2/20 | Source | Completed | Portland, Oregon | |
The E. W. Scripps Company | Public | ION Media Networks, Inc. | $2,650,000,000 | Media | 1/7/21 | Source | Completed | Palm Beach, Florida | |
Diploma Plc | Public | Windy City Wire Cable & Technology Products LLC | $550,000,000 | Distribution | 10/16/20 | Source | Completed | Bolingbrook, Illinois | |
Compania Logistica de Hidrocarburos CLH SA | N/A | Inter Pipeline Ltd. - European Storage Business | $715,000,000 | Oil/Gas | 11/12/20 | Source | Completed | Calgary, Alberta | |
AssuredPartners, Inc. (owned by GTCR LLC) | Private Equity | People's United Insurance Agency, Inc. | $120,000,000 | Insurance | 11/3/20 | Source | Completed | Hartford, Connecticut | |
Microsoft Corp. | Public | ZeniMax Media, Inc. | $7,500,000,000 | Software | 9/21/20 | Source | PENDING | Rockville, Maryland | |
PagerDuty, Inc. | Public | Rundeck, Inc. | $100,000,000 | Information Technology | 10/1/20 | Source | Completed | Redwood City, California | |
Roche Holding AG | Public | Inflazome Ltd. | $428,000,000 | Life Sciences | 9/21/20 | Source | Completed | Dublin, Ireland | |
Illumina, Inc. | Public | GRAIL, Inc. | $8,000,000,000 | Life Sciences | 9/21/20 | Source | PENDING | Menlo Park, California | |
Ericsson | Public | CradlePoint, Inc. | $1,100,000,000 | Internet Software and Services | 11/2/20 | Source | Completed | Boise, Idaho | |
Euronext N.V. | Public | Borsa Italiana Spa | $4,874,000,000 | Financial Services | 10/9/20 | Source | PENDING | Milan, Italy | |
MetLife, Inc. | Public | Versant Health Holdco, Inc. | $1,675,000,000 | Insurance | 1/12/21 | Source | Completed | Linthicum, Maryland | |
Qiagen N.V | Public | NeuMoDx Molecular, Inc. | $248,000,000 | Life Sciences | 9/17/20 | Source | Completed | Ann Arbor, Michigan | |
Corza Health, Inc. (owned by GTCR) | Private Equity | Takeda Pharmaceutical Co.,Ltd. - TachoSil | $410,000,000 | Medical Products | 9/16/20 | Source | PENDING | Osaka, Japan | |
Delivery Hero SE | Public | Glovo - Latin America Operations | $279,190,000 | Internet Software and Services | 9/16/20 | Source | Completed | Argentina | |
Pure Storage, Inc. | Public | Portworx, Inc. | $370,000,000 | Information Technology | 9/16/20 | Source | Completed | Los Altos, California | |
Red Ventures LLC | Private Equity | CNet Networks, Inc. | $500,000,000 | Internet Software and Services | 10/30/20 | Source | Completed | San Francisco, California | |
Wolters Kluwer Financial Services, Inc. | Public | XCM Solutions LLC | $153,000,000 | Internet Software and Services | 9/14/20 | Source | Completed | Quincy, Massachusetts | |
Grupo Ser Educacional S.A. | Public | Laureate Education, Inc. - Brazilian Operations | $765,000,000 | Education | 11/2/20 | Source | PENDING | Brazil | |
NVIDIA Corp. | Public | Arm Limited | $40,000,000,000 | Semiconductors | 12/2/20 | Source | PENDING | Cambridge, United Kingdom | |
Gilead Sciences, Inc. | Public | Immunomedics, Inc. | $21,000,000,000 | Life Sciences | 10/23/20 | Source | Completed | Morris Plains, New Jersey | |
Adtalem Global Education, Inc. | Public | Walden University | $1,480,000,000 | Internet Software and Services | 9/11/20 | Source | Completed | Minneapolis, Minnesota | |
Baring Private Equity Asia | Private Equity | Virtusa Corp. | $2,000,000,000 | Information Technology | 11/20/20 | Source | PENDING | Southborough, Massachusetts | |
EQT Holdings AB | Private Equity | idealista SA | $1,465,000,000 | Internet Software and Services | 11/1/20 | Source | Completed | Madrid, Spain | |
Radiology Partners, Inc. | Private | MEDNAX Radiology Solutions | $885,000,000 | Healthcare Services | 12/16/20 | Source | Completed | Sunrise, Florida | |
Avon Rubber plc | Public | Team Wendy LLC | $130,000,000 | Safety/Security | 11/3/20 | Source | Completed | Cleveland, Ohio | |
Progress Software Corp. | Public | Chef Software, Inc. | $220,000,000 | Software | 10/6/20 | Source | Completed | Seattle, Washington | |
Mylan NV | Public | Aspen Pharmacare Holdings Ltd. - Thrombosis Business | $723,000,000 | Life Sciences | 12/2/20 | Source | Completed | United Kingdom | |
Apax Partners | Private Equity | MyCase, Inc. | $193,000,000 | Internet Software and Services | 10/14/20 | Source | Completed | Goleta, California | |
KAR Auction Services, Inc. | Public | BacklotCars, Inc. | $425,000,000 | Internet Software and Services | 11/12/20 | Source | Completed | Kansas City, Kansas | |
Universal Corp. | Public | Silva International, Inc. | $170,000,000 | Food | 10/1/20 | Source | Completed | Momence, Illinois | |
Kimberly-Clark Corp. | Public | Softex Indonesia | $1,200,000,000 | Consumer Products | 10/1/20 | Source | Completed | Central Jakarta, Indonesia | |
Medallia, Inc. | Public | StellaService, Inc. | $100,000,000 | Internet Software and Services | 12/4/20 | Source | Completed | New York, New York | |
Roark Capital Group | Private Equity | ServiceMaster Global Holdings, Inc. - ServiceMaster Brands | $1,553,000,000 | Consumer Services | 10/1/20 | Source | Completed | Memphis, Tennessee | |
CryoLife, Inc. | Public | Ascyrus Medical LLC | $200,000,000 | Medical Products | 9/2/20 | Source | Completed | Boca Raton, Florida | |
Intelsat Global SA | Public | Gogo, Inc. - Commercial Aviation Business | $400,000,000 | Communications | 12/1/20 | Source | Completed | Chicago, Illinois | |
Fastly, Inc. | Public | Signal Sciences Corp. | $775,000,000 | Information Technology | 10/1/20 | Source | Completed | Culver City, California | |
Emerson Electric Co. | Public | Open Systems International, Inc. | $1,600,000,000 | Information Technology | 10/1/20 | Source | Completed | Medina, Minnesota | |
Delivery Hero SE | Public | InstaShop Ltd. | $360,000,000 | Internet Software and Services | 8/27/20 | Source | Completed | Dubai, United Arab Emirates | |
Aveva Group plc | Public | OSIsoft, Inc. | $5,000,000,000 | Software | 8/25/20 | Source | PENDING | San Leandro, California | |
Cryoport, Inc. | Public | Chart Industries, Inc. - Cryobiological Products Business | $320,000,000 | Medical Products | 10/2/20 | Source | Completed | Ball Ground, Georgia | |
Superior Plus Corp. | Public | Rymes Propane & Oil | $159,000,000 | Distribution | 9/1/20 | Source | Completed | Concord, New Hampshire | |
MW Industries, Inc. (owned by American Securities) | Private Equity | NN, Inc. - Life Sciences Division | $825,000,000 | Medical Products | 10/6/20 | Source | Completed | Johnson City, Tennessee | |
Smartsheet.com, Inc. | Public | Brandfolder, Inc. | $155,000,000 | Internet Software and Services | 9/14/20 | Source | Completed | Denver, Colorado | |
Palo Alto Networks, Inc. | Public | The Crypsis Group | $265,000,000 | Information Technology | 9/17/20 | Source | Completed | McLean, Virginia | |
Enterprise Financial Services Corp. | Public | Seacoast Commerce Banc Holdings | $156,000,000 | Financial Services | 11/12/20 | Source | Completed | San Diego, California | |
Johnson & Johnson | Public | Momenta Pharmaceuticals, Inc. | $6,500,000,000 | Life Sciences | 10/1/20 | Source | Completed | Cambridge, Massachusetts | |
KBR, Inc. | Public | Centauri | $827,000,000 | Information Technology | 10/5/20 | Source | Completed | Chantilly, Virginia | |
Take-Two Interactive Software, Inc. | Public | Playdots, Inc. | $192,000,000 | Digital Media | 10/1/20 | Source | Completed | New York, New York | |
The Friedkin Group, Inc. | Private | A.S. Roma S.p.A. | $591,000,000 | Leisure | 8/17/20 | Source | Completed | Rome, Italy | |
Sanofi SA | Public | Principia Biopharma, Inc. | $3,680,000,000 | Life Sciences | 8/28/20 | Source | Completed | San Francisco, California | |
Roper Technologies, Inc. | Public | Vertafore, Inc. | $5,350,000,000 | Software | 9/3/20 | Source | Completed | Denver, Colorado | |
GFL Environmental Corp. | Public | WCA Waste Corp. | $1,212,000,000 | Environmental | 10/6/20 | Source | Completed | Houston, Texas | |
Omnicell, Inc. | Public | Pharmaceutical Strategies Group LLC - 340B Software-Enabled Service Business | $225,000,000 | Information Technology | 10/1/20 | Source | Completed | Plano, Texas | |
Arsenal Capital Partners | Private Equity | Cello Health plc | $248,000,000 | Business Services | 8/11/20 | Source | Completed | London, United Kingdom | |
Bayer AG | Public | KaNDy Therapeutics Ltd. | $425,000,000 | Life Sciences | 9/7/20 | Source | Completed | Stevenage, United Kingdom | |
Equinix, Inc. | Public | GPX India Pvt. Ltd. | $161,000,000 | Information Technology | 8/11/20 | Source | Completed | Mumbai, India | |
Ligand Pharmaceuticals, Inc. | Public | Pfenex, Inc. | $438,000,000 | Life Sciences | 10/1/20 | Source | Completed | San Diego, California | |
Viva Biotech (Shanghai) Co., Ltd. | N/A | Zhejiang Langhua Pharmaceutical Co. Ltd. | $387,000,000 | Life Sciences | 11/16/20 | Source | Completed | Zhejiang, China | |
Intercontinental Exchange, Inc. | Public | Ellie Mae, Inc. | $11,000,000,000 | Software | 9/4/20 | Source | Completed | Pleasanton, California | |
J.D. Power and Associates, Inc. (owned by Thoma Bravo) | Private Equity | ALG, Inc. | $135,000,000 | Business Services | 11/30/20 | Source | Completed | Santa Barbara, California | |
Nolato AB | Public | GW Plastics, Inc. | $237,000,000 | Plastics | 11/16/20 | Source | Completed | Bethel, Vermont | |
The Blackstone Group Inc. | Private Equity | Ancestry.com, Inc. | $4,700,000,000 | Information Services | 12/4/20 | Source | Completed | Provo, Utah | |
Teladoc, Inc. | Public | Livongo Health | $18,500,000,000 | Medical Products | 10/30/20 | Source | Completed | Mountain View, California | |
Think & Learn Pvt. Ltd. | Private | Whitehat Education Technology Pvt. Ltd. | $300,000,000 | Internet Software and Services | 8/5/20 | Source | Completed | Mumbai, India | |
Edgewell Personal Care Co. | Public | Cremo Co. LLC | $235,000,000 | Consumer Products | 9/3/20 | Source | Completed | Laguna Beach, California | |
Motorola Solutions, Inc. | Public | Pelco, Inc. | $110,000,000 | Electronics | 8/4/20 | Source | Completed | Clovis, California | |
Seven & i Holdings Co., Ltd. | Public | Speedway, LLC | $21,000,000,000 | Retail | 11/2/20 | Source | Completed | Enon, Ohio | |
Francisco Partners | Private Equity | Consignor Group | $181,000,000 | Software | 8/6/20 | Source | Completed | Oslo, Norway | |
Apple, Inc. | Public | Mobeewave, Inc. | $100,000,000 | Information Technology | 7/31/20 | Source | Completed | Montreal, Quebec | |
Strata Decision Technology LLC (owned by Roper Technologies) | Public | Enterprise Performance Systems, Inc. | $365,000,000 | Information Technology | 10/15/20 | Source | Completed | Chesterfield, Missouri | |
Corsair Capital | Private Equity | Multi Service Technology Solutions, Inc. (MSTS) | $350,000,000 | Information Technology | 9/30/20 | Source | Completed | Overland Park, Kansas | |
Liberty Latin America Ltd. | Public | Telefonica SA - Costa Rica Business | $479,000,000 | Communications | 10/1/20 | Source | Completed | Costa Rica | |
TerSera Therapeutics LLC (backed by GTCR) | Private Equity | Lexicon Pharmaceuticals, Inc. - XERMELO | $159,000,000 | Life Sciences | 8/3/20 | Source | Completed | The Woodlands, Texas | |
Strategic Education, Inc. | Public | Laureate Education, Inc. - Australia and New Zealand Academic Operations | $642,700,000 | Education | 11/5/20 | Source | Completed | Australia | |
Madison Dearborn Partners LLC | Private Equity | IPL Plastics Plc | $771,800,000 | Packaging | 10/16/20 | Source | Completed | Montreal, Quebec | |
Oak Hill Capital Partners | Private Equity | Otelco, Inc. | $106,000,000 | Communications | 11/5/20 | Source | PENDING | Oneonta, Alabama | |
Black Knight, Inc. | Public | Optimal Blue LLC | $1,800,000,000 | Business Services | 9/15/20 | Source | Completed | Plano, Texas | |
AOC Materials LLC | N/A | Ashland, Inc. - Maleic Anhydride Business | $100,000,000 | Chemicals | 10/1/20 | Source | Completed | Neal, West Virginia | |
Perpetual Ltd. | Public | Barrow, Hanley, Mewhinney & Strauss, LLC | $319,000,000 | Business Services | 11/17/20 | Source | Completed | Dallas, Texas | |
NRG Energy, Inc. | Public | Direct Energy LP | $3,625,000,000 | Utilities | 1/5/21 | Source | Completed | Houston, Texas | |
Silver Lake | Private Equity | Groupe Meilleurtaux | $1,078,000,000 | Financial Services | 10/14/20 | Source | Completed | Paris, France | |
ConocoPhillips | Public | Kelt Exploration Ltd. - Liquids-Rich Montney Acreage | $375,000,000 | Oil/Gas | 8/24/20 | Source | Completed | Calgary, Alberta | |
GSH Private Capital | Private Equity | Getronics Global Services BV | $225,000,000 | Information Technology | 7/21/20 | Source | Completed | Amsterdam, Netherlands | |
Adevinta ASA | Public | eBay - Classifieds Group | $9,200,000,000 | Internet Software and Services | 7/21/20 | Source | Completed | California | With the acquisition of eBay Classifieds Group, Adevinta becomes the largest online classifieds company globally |
Schibsted ASA | Public | eBay Classifieds Group - Denmark Assets | $330,000,000 | Internet Software and Services | 7/21/20 | Source | Completed | California | |
UNION therapeutics A/S | Private | LEO PDE4 Inhibitor | $200,000,000 | Life Sciences | 7/21/20 | Source | Completed | Ballerup, Denmark | |
KPS Capital Partners | Private Equity | Briggs & Stratton Corp. | $550,000,000 | Machinery | 9/23/20 | Source | Completed | Wauwatosa, Wisconsin | |
Chevron Corp. | Public | Noble Energy, Inc. | $13,000,000,000 | Oil/Gas | 10/5/20 | Source | Completed | Houston, Texas | |
Thoma Bravo | Private Equity | Majesco | $594,000,000 | Software | 9/21/20 | Source | Completed | Morristown, New Jersey | |
Dedalus S.p.A (owned by Ardian) | Private Equity | DXC Technology Co. - Healthcare Provider Software Business | $525,000,000 | Information Technology | 7/20/20 | Source | Completed | Virginia | |
Sarnova, Inc. (owned by Patricia Industries, a part of Investor AB) | N/A | R1 RCM Inc. - Emergency Medical Services Business | $140,000,000 | Information Technology | 10/30/20 | Source | Completed | Chicago, Illinois | |
Leviton Manufacturing Co., Inc. | Private | Berk-Tek LLC | $202,000,000 | Electrical Equipment | 9/30/20 | Source | Completed | New Holland, Pennsylvania | |
HH Global Ltd. | N/A | InnerWorkings, Inc. | $177,000,000 | Marketing | 10/1/20 | Source | Completed | Chicago, Illinois | |
Analog Devices, Inc. | Public | Maxim Integrated Products, Inc. | $20,000,000,000 | Semiconductors | 7/13/20 | Source | PENDING | San Jose, California | |
Hewlett Packard Enterprise Co. | Public | Silver Peak Systems, Inc. | $925,000,000 | Information Technology | 9/21/20 | Source | Completed | Santa Clara, California | |
Sirius XM Holdings, Inc. | Public | Stitcher, Inc. | $325,000,000 | Digital Media | 10/19/20 | Source | Completed | San Francisco, California | |
Mediaocean, LLC (owned by Vista Equity Parnters) | Private Equity | 4C Insights, Inc. | $150,000,000 | Software | 8/6/20 | Source | Completed | Chicago, Illinois | |
Madison Dearborn Partners LLC | Private Equity | Benefytt Technologies, Inc. | $625,000,000 | Healthcare Services | 8/21/20 | Source | Completed | Tampa, Florida | |
Cerberus Capital Management | Private Equity | Bluestem Brands, Inc. | $250,000,000 | Retail | 8/28/20 | Source | Completed | Eden Prairie, Minnesota | |
The Allstate Corp. | Public | National General Holdings Corp. | $4,000,000,000 | Insurance | 1/4/21 | Source | Completed | New York, New York | |
Synaptics, Inc. | Public | Broadcom Ltd. - Certain Assets and Manufacturing Rights Wireless IoT Connectivity Business | $250,000,000 | Technology Hardware | 7/23/20 | Source | Completed | Singapore, Singapore | |
CorEnergy Infrastructure Trust, Inc. | Public | Pinedale Liquids Gathering System | $225,000,000 | Oil/Gas | 7/7/20 | Source | Completed | Pinedale, Wyoming | |
Sunrun, Inc. | Public | Vivint Solar, Inc. | $3,200,000,000 | Energy Services and Equipment | 10/8/20 | Source | Completed | Lehi, Utah | |
Uber Technologies, Inc. | Public | Postmates, Inc. | $2,650,000,000 | Internet Software and Services | 12/1/20 | Source | Completed | San Francisco, California | |
Maersk | Public | KGH Customs Services | $308,000,000 | Business Services | 9/2/20 | Source | Completed | Goteborg, Sweden | |
Berkshire Hathaway, Inc. | Private Equity | Dominion Energy, Inc. - Gas Transmission & Storage Segment Assets | $8,000,000,000 | Oil/Gas | 11/2/20 | Source | Completed | Richmond, Virginia | |
Rhône Group | Private Equity | Lummus Technology | $2,725,000,000 | Technology Hardware | 7/1/20 | Source | Completed | The Woodlands, Texas | |
Empower Retirement LLC (owned by Great-West Lifeco) | Public | Personal Capital Corp. | $1,000,000,000 | Financial Services | 8/18/20 | Source | Completed | Redwood City, California | |
Amazon.com, Inc. | Public | Zoox, Inc. | $1,300,000,000 | Technology Hardware | 7/9/20 | Source | Completed | Foster City, California | |
Keysight Technologies, Inc. | Public | Eggplant | $330,000,000 | Software | 6/25/20 | Source | Completed | London, United Kingdom | |
Mitie Group plc | Public | Interserve plc - Support Services Division | $336,000,000 | Business Services | 6/25/20 | Source | Completed | Reading, United Kingdom | |
Sazerac Company, Inc (dba John Handy Co.) | Private | Paul Masson Grande Amber Brandy, Inc. | $265,000,000 | Internet Software and Services | 1/13/21 | Source | Completed | Canandaigua, New York | |
MasterCard, Inc. | Public | Finicity Corp. | $985,000,000 | Internet Software and Services | 11/19/20 | Source | Completed | Murray, Utah | |
Maxar Technologies Ltd. | Public | Vricon, Inc. | $140,000,000 | Software | 7/1/20 | Source | Completed | McLean, Virginia | |
TC Energy Corporation (owned by NGTL and ATCO) | Public | Pioneer Pipeline | $255,000,000 | Energy Services and Equipment | 10/1/20 | Source | PENDING | Calgary, Alberta | |
Salling Group A/S | Private | Tesco Polska | $239,000,000 | Retail | 6/15/20 | Source | PENDING | Poland | |
Zijin Mining Group Co. Ltd. | Public | Guyana Goldfields, Inc. | $246,000,000 | Metals/Mining | 8/25/20 | Source | Completed | Toronto, Ontario | |
Koninklijke DSM N.V. (Royal DSM) | Public | Erber AG | $1,104,000,000 | Life Sciences | 10/2/20 | Source | Completed | Getzersdorf, Austria | |
Tencent Holdings Ltd. | Public | Bitauto Holdings Ltd. | $1,100,000,000 | Internet Software and Services | 11/5/20 | Source | Completed | Beijing, China | |
Just Eat Takeaway.com N.V. | Public | GrubHub, Inc. | $7,300,000,000 | Internet Software and Services | 9/4/20 | Source | Completed | Chicago, Illinois | |
Ningbo Shanshan Co., Ltd. | Public | LG Chem, Ltd. - LCD Polarizer Business | $1,100,000,000 | Chemicals | 9/13/20 | Source | Completed | China | |
Materion Corp. | Public | Optics Balzers AG | $160,000,000 | Manufacturing | 7/20/20 | Source | Completed | Balzers, Liechtenstein | |
UCB S.A. | Public | Engage Therapeutics, Inc. | $270,000,000 | Life Sciences | 6/5/20 | Source | Completed | Summit, New Jersey | |
Chegg, Inc. | Public | Mathway LLC | $100,000,000 | Internet Software and Services | 6/4/20 | Source | Completed | Center Valley, Pennsylvania | |
National Instruments Corporation | Public | OptimalPlus Ltd. | $365,000,000 | Software | 7/6/20 | Source | Completed | Holon, Israel | |
Aduro Biotech, Inc. | Public | Chinook Therapeutics, Inc. | $200,000,000 | Life Sciences | 10/5/20 | Source | Completed | Vancouver, British Columbia | |
Equinix, Inc. | Public | BCE, Inc. - 13 Data Center Sites | $780,000,000 | Information Technology | 10/1/20 | Source | Completed | Quebec, Canada | |
Zynga, Inc. | Public | Peak Oyun Yazilim ve Pazarlama AS | $1,800,000,000 | Digital Media | 7/2/20 | Source | Completed | Istanbul, Turkey | |
Millicent Pharma Ltd. (owned by Carlyle Group) | Private Equity | AMAG Pharmaceuticals, Inc. - INTRAROSA Rights | $125,000,000 | Life Sciences | 5/21/20 | Source | Completed | Waltham, Massachusetts | |
Artemis Capital Partners | Private Equity | Bridge Farm Nurseries Ltd. | $105,000,000 | Agriculture | 6/8/20 | Source | Completed | Woodbridge, United Kingdom | |
Facebook, Inc. | Public | Giphy, Inc. | $400,000,000 | Digital Media | 11/13/20 | Source | PENDING | New York, New York | |
CoStar Group, Inc. | Public | Ten-X, Inc. | $190,000,000 | Internet Software and Services | 6/24/20 | Source | Completed | Irvine, California | |
Merck & Co., Inc. | Public | Virbac SA - SENTINEL U.S. Rights | $400,000,000 | Life Sciences | 7/2/20 | Source | Completed | New Jersey | |
Bain Capital Private Equity | Private Equity | Showa Aircraft Industry Co. Ltd. | $817,000,000 | Diversified | 5/12/20 | Source | Completed | Tokyo, Japan | |
Microsoft Corp. | Public | CyberX | $165,000,000 | Information Technology | 6/22/20 | Source | Completed | Waltham, Maryland | |
National Fuel Gas Co. | Public | Royal Dutch Shell plc - U.S. Appalachia Assets | $541,000,000 | Oil/Gas | 7/31/20 | Source | Completed | New York, New York | |
Intel Corp. | Public | Moovit App Global Ltd. | $900,000,000 | Internet Software and Services | 5/4/20 | Source | Completed | Tel Aviv, Israel | |
Clayton, Dubilier & Rice (CD&R) | Private Equity | Huntsworth PLC | $784,570,250 | Marketing | 5/1/20 | Source | Completed | London, United Kingdom | |
Macarthur Fortune Holding LLC | Private Equity | Jagex Ltd. | $530,000,000 | Digital Media | 4/28/20 | Source | Completed | Cambridge, United Kingdom | |
SS&C Technologies Holdings, Inc. | Public | Innovest Systems LLC | $120,000,000 | Financial Services | 5/18/20 | Source | Completed | New York, New York | |
KKR & Co. L.P. | Private Equity | Shapoorji Pallonji Infrastructure Capital Co. Pvt. Ltd. - 317MWp Solar Energy Assets | $204,000,000 | Infrastructure (Private Equity) | 5/5/20 | Source | Completed | Mumbai, India | |
Verizon Communications, Inc. | Public | Blue Jeans Network | $400,000,000 | Information Technology | 5/18/20 | Source | Completed | Mountain View, California | |
KB Financial Group | Public | Prudential Life Insurance Co., Ltd. | $1,900,000,000 | Insurance | 8/31/20 | Source | Completed | Seoul, South Korea | |
Prime Healthcare Services, Inc. | Private | Verity Health System of California, Inc. - St. Francis Medical Center | $350,000,000 | Healthcare Services | 8/17/20 | Source | Completed | Lynwood, California | |
Social Finance, Inc. (dba SoFi) | Private | Galileo Financial Technologies, Inc. | $1,200,000,000 | Information Technology | 4/20/20 | Source | Completed | Salt Lake City, Utah | |
MaxLinear, Inc. | Public | Intel Corp. - Home Gateway Platform Division | $150,000,000 | Technology Hardware | 8/3/20 | Source | Completed | Santa Clara, California | |
Apple, Inc. | Public | NextVR Inc. | $100,000,000 | Digital Media | 5/14/20 | Source | Completed | Newport Beach, California | |
Dairy Farmers of America, Inc. | N/A | Dean Foods Co. | $433,000,000 | Food | 5/4/20 | Source | Completed | Dallas, Texas | |
Palo Alto Networks, Inc. | Public | CloudGenix, Inc. | $420,000,000 | Internet Software and Services | 4/21/20 | Source | Completed | San Jose, California | |
Air Products & Chemicals, Inc. | Public | PBF Energy, Inc. - Five Operating Hydrogen Plants | $530,000,000 | Oil/Gas | 4/20/20 | Source | Completed | Parsippany, New Jersey | |
KKR | Private Equity | Industrial Properties | $835,000,000 | Real Estate (Private Equity) | 12/11/20 | Source | Complete | N/A (Central Pennsylvania and South Florida) | |
Intuit, Inc. | Public | Credit Karma, Inc. | $8,100,000,000 | Internet Software and Services | 12/3/20 | Source | Completed | San Francisco, California | |
The Blackstone Group Inc. | Private Equity | HealthEdge Software | $700,000,000 | Information Technology (Private Equity) | 4/7/20 | Source | Completed | Burlington, Massachusetts | |
Apollo Global Management LLC | Private Equity | Tech Data Corporation | $750,000,000 | Distribution (Private Equity) | 6/30/20 | Source | Completed | Clearwater, Florida | |
Cisco Systems, Inc. | Public | ThousandEyes, Inc. | $1,000,000,000 | Information Technology | 5/28/20 | Source | Completed | San Francisco, California | |
Veritas Capital and Evergreen Coast Capital (affiliate of Elliott Investment Management L.P.) | Private Equity | Cubic Corporation | $2,800,000,000 | Defense (Private Equity) | 2/8/21 | Source | PENDING | San Diego, California | |
Monroe Capital LLC and Apax Partners | Private Equity | MyCase, Inc. | $193,000,000 | Internet Software & Services (Private Equity) | 10/14/20 | Source | Completed | Goleta, California |