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

March 27, 2020 - Present
AcquirerStatus of AcquirerAcquireeValueSectorDateSourceStatus of DealLocation of Acquiree
MultiPlan Corp. PublicDiscovery Health Partners $155,000,000Information Technology 1/26/21SourcePENDINGItasca, Illinois
United States Steel Corp.Public Big River Steel$774,000,000 Manufacturing1/15/21SourceCompletedOsceola, Arkansas
GooglePublicFitbit$2,100,000,000Technology 1/14/21SourceCompletedSan Francisco, California
Murphy USAPublicQuickChek Corporation$645,000,000 Retail 1/13/21SourceCompletedWhitehouse Station, New Jersey
MercuriaPublicBeyond6 (subsidiary of HC2 Holdings, Inc.)$169,000,000 Energy1/13/21SourceCompletedHerndon, Virginia
QualcommPublicNuvia$1,400,000,000 Semiconductors1/13/21SourcePENDINGSanta Clara, California
SanofiPublicKymab$1,450,000,000 Life Sciences1/12/21SourcePENDINGCambridge, United Kingdom
Sulzer LtdPublicNordic Water Products AB$142,000,000 Environmental1/11/21SourcePENDINGMölndal, Sweden
IDEX Corp.PublicABEL Pumps LP$103,500,000 Machinery1/11/21SourcePENDINGPittsburgh, Pennsylvania
American Industrial Partners Private EquityDomtar Corp. - Personal Care Business$920,000,000 Consumer Products1/8/21SourcePENDINGFort Mill, South Carolina
Earthstone Energy, Inc.PublicIndependence Resources Management LLC $182,000,000 Oil/Gas1/7/21SourceCompletedHouston, Texas
Hopin LtdPrivateStreamYard, Inc.$250,000,000 Internet Software and Services1/7/21SourceCompletedTualatin, Oregon
F5 Networks, Inc.PublicVolterra, Inc.$500,000,000 Software1/7/21SourcePENDINGSanta Clara, California
PGT Innovations, Inc.PublicEco Window Systems$108,000,000 Building Materials1/7/21SourcePENDINGMiami, Florida
PerkinElmer, Inc.PublicOxford Immunotec Global PLC$591,000,000 Medical Products1/7/21SourcePENDINGAbingdon, United Kingdom
LafargeHolcim LtdPublicFirestone Building Products Company LLC$3,400,000,000 Building Materials1/7/21SourcePENDINGNashville, Tennessee
Hologic, Inc.PublicBiotheranostics, Inc.$230,000,000 Life Sciences1/5/21SourcePENDINGSan Diego, California
Angelini S.p.a.PrivateArvelle Therapeutics International GmbH$960,000,000 Life Sciences1/4/21SourceCompletedZug, Switzerland
John Wiley & Sons, Inc.PublicHindawi Ltd.$298,000,000 Publishing1/5/21SourceCompletedLondon, United Kingdom
Americold Realty Trust PublicAgro Merchants Group $1,700,000,000Real Estate 1/4/21SourceCompletedSchiphol, Netherlands
Clayton, Dubilier & Rice (CD&R)Private EquityWolseley UK Ltd.$474,000,000 Distribution1/4/21SourcePENDINGRoyal Leamington Spa, United Kingdom
SVB Financial GroupPublicBoston Private Financial Holdings, Inc.$900,000,000 Financial Services1/4/21SourcePENDINGBoston, Massachusetts
Teledyne Technologies, Inc.PublicFLIR Systems, Inc.$8,000,000,000 Electronics1/4/21SourcePENDINGWilsonville, Oregon 
Gibraltar Industries, Inc.PublicTerraSmart LLC$220,000,000 Energy/Building Materials1/4/21SourceCompletedFort Myers, Florida
Centene Corp.PublicMagellan Health, Inc. $2,200,000,000 Healthcare Services1/4/21SourcePENDINGPhoenix, Arizona
Waterland Private EquityPrivate EquityThe Priory Group Ltd. $1,400,000,000 Healthcare Services12/30/20SourcePENDINGLeatherhead Surrey, United Kingdom
Central Garden & Pet Co.PublicGreen Garden Products LLC$532,000,000 Consumer Products12/31/20SourcePENDINGNorton, Massachusetts
UGI Corp.PublicMountaineer Gas Co. $540,000,000 Utilities12/30/20SourceCompletedCharleston, West Virginia
McCormick & Co., Inc.PublicFONA International, Inc.$710,000,000 Food12/30/20SourceCompletedGeneva, Illinois 
Sval Energi AS (owned by HitecVision)Private EquityEdison Norge AS$300,000,000 Oil/Gas12/30/20SourceCompletedStavanger, Norway
United Therapeutics Corp.PublicRare Pediatric Disease Priority Review Voucher (PPRV)$105,000,000 Life Sciences12/28/20SourcePENDINGChicago, Illinois
Apax PartnersPrivate EquityAzentio Software $151,000,000 Software12/28/20SourcePENDINGMumbai, India
Vectrus, Inc.PublicZenetex LLC$112,000,000 Information Technology12/28/20SourceCompletedHerndon, Virginia 
UFP Industries, Inc.PublicPalletOne, Inc. $232,000,000 Forest Products12/10/20SourcePENDINGBartow, Florida
Credit Corp Group LimitedPublicCollection House Ltd. - Australian Purchased Debt Ledger Book $160,000,000 Business Services12/24/20SourcePENDINGNewstead, Australia
ArdianPrivate EquityPRGX Global, Inc.$195,000,000 Business Services12/24/20SourcePENDINGAtlanta, Georgia
Elbit Systems of America LLCPublicSparton Corp.$380,000,000 Manufacturing12/23/20SourcePENDINGDe Leon Springs, Florida
Bally's Corp.PublicEldorado Resort Casino Shreveport $140,000,000 Leisure12/23/20SourceCompletedShreveport, Louisiana
Shanghai Wanye Enterprises Co., Ltd.PublicCompart Systems Pte Ltd.$398,000,000 Manufacturing12/22/20SourceCompletedSingapore, Singapore
Honeywell International, Inc.PublicSparta Systems, Inc.$1,300,000,000 Software12/22/20SourcePENDINGHamilton, New Jersey
Columbia Care, Inc.PublicGreen Leaf Medical LLC$240,000,000 Consumer Products12/22/20SourcePENDINGFrederick, Maryland
Liberty Health Sciences, Inc.PublicAyr Strategies, Inc.$283,000,000 Agriculture12/22/20SourcePENDINGNew York, New York
Gilde Buy Out Partners B.V.Private EquityTo-Increase BV$127,000,000 Software12/21/20SourcePENDINGVeenendaa, Netherlands
Peloton Interactive, Inc.PublicPrecor, Inc. $420,000,000 Consumer Products12/21/20SourcePENDINGWoodinville, Washington
ViaSat, Inc.PublicRigNet, Inc.$222,000,000 Communications12/21/20SourcePENDINGHouston, Texas
Diamondback Energy, Inc.PublicQEP Resources, Inc. $2,200,000,000 Oil/Gas12/21/20SourcePENDINGDenver, Colorado
American SecuritiesPrivate EquityBeacon - Interior Products Business$850,000,000 Building Materials12/21/20SourcePENDINGHerndon, Virginia
ServierPrivateAgios - Oncology Business$2,000,000,000 Life Sciences12/21/20SourcePENDINGCambridge, Massachusetts
Thoma BravoPrivate EquityRealPage, Inc. $10,200,000,000 Software12/21/20SourcePENDINGRichardson, Texas
Gainwell Technologies (owned by Veritas Capital)Private EquityHms Holdings Corp.$3,400,000,000 Business Services12/21/20SourcePENDINGIrving, Texas
Mueller Industries Inc.PublicTiffin Motorhomes, Inc.$300,000,000 Automotive12/18/20SourceCompletedRed Bay, Alabama
Lockheed Martin Corp.PublicAerojet Rocketdyne Holdings, Inc.$4,400,000,000 Defense/Aerospace12/20/20SourcePENDINGEl Segundo, California
Rent-A-Center, Inc.PublicAcima Credit LLC$1,273,000,000 Financial Services12/20/20SourcePENDINGSandy, Utah
Royal PhilipsPublicBioTelemetry, Inc.$2,800,000,000 Medical Products12/18/20SourcePENDINGMalvern, Pennsylvania
PPG Industries, Inc.PublicTikkurila Oyj$1,240,000,000 Chemicals1/5/21SourcePENDINGVantaa, Finland
Tourmaline Oil Corp.PublicJupiter Resources, Inc.$630,000,000 Oil/Gas12/18/20SourceCompletedCalgary, Alberta 
Novartis AGPublicCadent Theraputics, Inc.$770,000,000 Life Sciences12/17/20SourcePENDINGCambridge, Massachusetts
Nexstar Media Group, Inc.PublicBestReviews LLC$160,000,000 Internet Software and Services12/16/20SourcePENDINGSparks, Nevada
Integra LifeSciences Holdings Corp.PublicACell, Inc.$400,000,000 Medical Products12/16/20SourcePENDINGColumbia, Maryland 
Ultra Clean Holdings, Inc.PublicHam-Let (Israel-Canada) Ltd. $348,000,000 Machinery12/16/20SourcePENDINGNazareth Illit, Israel
Eli Lilly and Co.PublicPrevail Therapeutics, Inc.$880,000,000 Life Sciences12/15/20SourcePENDINGNew York, New York
AnGes, Inc.PublicEmendoBio, Inc.$250,000,000 Life Sciences12/15/20SourceCompletedNew York, New York
Oshkosh Corp.PublicPratt Miller$115,000,000 Automotive1/13/21SourceCompletedNew Hudson, Michigan
GoDaddy, Inc.PublicPoynt Co.$320,000,000 Internet Software and Services12/15/20SourcePENDINGPalo Alto, California
A.P. Moller - Maersk A/SN/AFaerch Plast A/S$2,141,000,000 Plastics12/14/20SourcePENDINGHolstebro, Denmark
Goldman Sachs Merchant BankingPrivate EquityPeople Corp. $859,000,000 Business Services12/14/20SourcePENDINGWinnipeg, Manitoba 
Montagu Private Equity LLPPrivate EquityCapita Plc - Education Software Solutions$616,000,000 Software12/14/20SourcePENDINGLondon, United Kingdom
Trinseo SAPublicArkema - PMMA Business $1,378,350,000 Plastics12/14/20SourcePENDINGColombes, France
PTC Inc.PublicArena Solutions, Inc.$715,000,000 Internet Software and Services12/14/20SourcePENDINGFoster City, California
Electronic Arts, Inc.PublicThe Codemasters Software Co. Ltd. $1,200,000,000 Digital Media12/14/20SourcePENDINGWarwickshire, United Kingdom
Huntington Bancshares, Inc.PublicTCF Financial Corp. MergerFinancial Services12/13/20SourcePENDINGDetroit, Michigan
Vista Equity PartnersPrivate EquityPluralsight LLC $3,500,000,000 Internet Software and Services12/13/20SourcePENDINGDraper, Utah
Hyundai Motor GroupPublicBoston Dynamics$1,100,000,000 Machinery12/11/20SourceCompletedWaltham, Massachusetts 
Farmers Group, Inc.(DBA Farmers Underwriters Association)PublicMetLife Auto & Home $3,940,000,000 Insurance12/11/20SourcePENDINGNew York, New York
Dye & Durham Corp.PublicDoProcess LP $416,680,000 Software12/10/20SourceCompletedToronto, Ontario
Wolters Kluwer N.V.PubliceOriginal, Inc.$260,000,000 Information Technology12/16/20SourceCompletedBaltimore, Maryland
Leidos Holdings, Inc.Public1901 Group LLC$215,000,000 Information Technology12/10/20SourcePENDINGReston, Virginia
Boehringer Ingelheim GmbHPrivateNBE-Therapeutics AG$1,330,000,000 Life Sciences12/10/20SourcePENDINGBasel, Switzerland
Gilead Sciences, Inc.PublicMYR GmbH $1,296,000,000 Life Sciences12/10/20SourcePENDINGBad Homburg, Germany
Electrocomponents plcPublicSynovos, Inc. $145,000,000 Business Services12/10/20SourceCompletedRadnor, Pennsylvania
Funimation Productions Ltd. (owned by Sony Pictures)PublicCrunchyroll, Inc. $1,175,000,000 Digital Media12/10/20SourceCompletedSan Francisco, California
Platinum EquityPrivate EquityIngram Micro, Inc. $7,200,000,000 Distribution12/9/20SourcePENDINGIrvine, California
Mayr-Melnhof Karton AGPublicKotkamills Oy$479,000,000 Forest Products12/9/20SourcePENDINGKotka, Finland
Amphenol Corp. PublicMTS Systems Corp.$1,700,000,000 Test/Measurement Equipment12/9/20SourcePENDINGEden Prairie, Minnesota
Stratasys Ltd.PublicOrigin Laboratories, Inc.$100,000,000 Business Services1/5/20SourceCompletedSan Francisco, California
Repligen Corp.PublicArtesyn Biosolutions$200,000,000 Medical Products11/2/20SourceCompletedWaterford, Ireland
Modern Times Group Mtg ABPublicHutch Games Ltd.$275,000,000 Digital Media12/8/20SourceCompletedLondon, United Kingdom 
Huntsman Corp.PublicGabriel Performance Products LLC $250,000,000 Chemicals12/7/20SourcePENDINGAshtabula, Ohio
American Industrial Partners Private EquitySEACOR Holdings, Inc.$1,000,000,000 Marine12/7/20SourcePENDINGFort Lauderdale, Florida
NortonLifeLock, Inc.PublicAvira Operations GmbH & Co. KG$360,000,000 Software12/7/20SourcePENDINGTettnang, Germany
Peraton Corp. (owned by Veritas Capital)Private EquityNorthrop Grumman Corp. - Federal IT & Mission Support Services Business $3,400,000,000 Information Technology12/7/20SourceCompletedFalls Church, Virginia
Ingersoll-Rand PlcPublicTuthill Vacuum and Blower Systems$184,000,000 Machinery12/7/20SourcePENDINGSpringfield, Missouri
Gamenet SpAPublicLottomatica Holding Srl $1,071,000,000 Gaming12/6/20SourcePENDINGRome, Italy
PAI PartnersPrivate EquityApleona GmbH $1,803,000,000 Real Estate12/6/20SourceCompletedNeu-Isenburg, Germany
Cisco Systems, Inc.PublicIMImobile Ltd.$703,000,000 Software12/6/20SourcePENDINGLondon, United Kingdom
Olympus CorporationPublicVeran Medical Technologies, Inc.$340,000,000 Medical Products12/30/20SourceCompletedSt. Louis, Missouri
Macquarie CapitalPrivate EquityWaddell & Reed Financial, Inc. $1,700,000,000 Financial Services12/3/20SourcePENDINGOverland Park, Kansas
Affirm, Inc.PublicPayBright $258,000,000 Information Technology1/4/21SourceCompletedToronto, Ontario
Thoma BravoPrivate EquityFlexera Software, Inc. $2,850,000,000 Software12/3/20SourceCompletedSchaumburg, Illinois
Nesco Holdings, Inc.PublicCustom Truck One Source$1,475,000,000 Machinery12/3/20SourcePENDINGKansas City, Missouri
CVC Capital PartnersPrivate EquityRiverStone Europe $750,000,000 Insurance12/2/20SourcePENDINGBrighton, United Kingdom
Lightspeed POS, Inc.PublicUpserve, Inc.$430,000,000 Internet Software and Services12/1/20SourceCompletedProvidence, Rhode Island
Zimmer Biomet Holdings, Inc.PublicA&E Medical Corp. $250,000,000 Medical Products12/1/20SourceCompletedFarmingdale, New Jersey
SERB SA (owned by Charterhouse Capital Partners)Private EquityBTG Specialty Pharmaceuticals $800,000,000 Medical Products12/1/20SourcePENDINGGladwyne, Pennsylvania
AdaptHealth Corp.PublicAerocare Holdings, Inc.$2,000,000,000 Healthcare Services12/1/20SourceCompletedOrlando, Florida
Salesforce.com, inc.PublicSlack Technologies, Inc. $27,700,000,000 Internet Software and Services12/1/20SourcePENDINGSan Francisco, California
Francisco PartnersPrivate EquityCDK Global, Inc. - International business$1,450,000,000 Software11/30/20SourcePENDINGHoffman Estates, Illinois
Celltrion, Inc.PublicTakeda Pharmaceutical Co.,Ltd. - Primary Care (PC) Product Assets$278,000,000 Life Sciences11/30/20SourceCompletedOsaka, Japan
Kaiser Aluminum CorporationPublicAlcoa Warrick LLC $670,000,000 Metals/Mining11/30/20SourcePENDINGEvansville, Indiana
S&P Global, Inc.PublicIHS Markit Ltd.MergerInformation Technology11/30/20SourcePENDINGLondon, United Kingdom
Facebook, Inc.PublicKustomer, Inc.$1,000,000,000 Internet Software and Services11/30/20SourceCompletedNew York, New York
Vienna Insurance Group AGPublicAegon NV - Central and Eastern European Business (CEE) $935,000,000 Insurance11/29/20SourcePENDINGBudapest, Hungary
Penguin Random House LLC (Owned by Bertelsmann)Private EquitySimon & Schuster, Inc.$2,175,000,000 Publishing11/25/20SourcePENDINGNew York, New York
Athene Holding Ltd. PublicDonlen Corp.$875,000,000 Business Services12/18/20SourceCompletedBannockburn, Illinois 
McCormick & Co., Inc.PublicCholula Hot Sauce$800,000,000 Food11/24/20SourceCompletedJalisco, Mexico
TransDigm Group, Inc.PublicCobham Aero Connectivity$965,000,000 Technology Hardware11/24/20SourcePENDINGMarlow, United Kingdom
BlackRock, Inc.PublicAperio Group LLC $1,050,000,000 Financial Services11/23/20SourcePENDINGSausalito, California
Merck & Co., Inc.PublicOncoImmune$425,000,000 Life Sciences12/16/20SourceCompletedRockville, Maryland
Kemper Corp.PublicAmerican Access Casualty Co.$370,000,000 Insurance11/23/20SourcePENDINGDowners Grove, Illinois 
CoStar Group, Inc.PublicHomesnap, Inc.$250,000,000 Internet Software and Services12/17/20SourceCompletedBethesda, Maryland
Experian PlcPublicTapad, Inc.$280,000,000 Marketing11/19/20SourceCompletedNew York, New York
Nasdaq, Inc.PublicVerafin, Inc. $2,750,000,000 Software12/28/20SourceCompletedSt. John's, Newfoundland
Inspecs Group plcPublicEschenbach Optik GmbH $107,000,000 Consumer Products12/14/20SourceCompletedNurnberg, Germany
FireEye, Inc.PublicRespond Software, Inc.$186,000,000 Software11/19/20SourceCompletedMountain View, California
West Fraser Timber Co., Ltd.PublicNorbord, Inc. $3,100,000,000 Forest Products11/19/20SourceCompletedToronto, Ontario
Croda International plcPublicIberchem, S.A.$924,000,000 Chemicals11/18/20SourceCompletedAlcantarilla, Spain
Deutsche Boerse AGPublicInstitutional Shareholder Services, Inc.$2,275,000,000 Financial Services11/17/20SourcePENDINGRockville, Maryland
Mars, Inc.PrivateKIND LLC$5,000,000,000 Food11/17/20SourceCompletedNew York, New York
Mars, Inc.PrivateNature's Bakery$400,000,000 Food12/4/20SourceCompletedReno, Nevada
Autodesk, Inc.PublicSpacemaker AS$240,000,000 Internet Software and Services11/24/20SourceCompletedOslo, Norway
Fortune Brands Home & Security, Inc.PublicLarson Manufacturing Co.$660,000,000 Building Materials12/14/20SourceCompletedBrookings, South Dakota
The Home Depot, Inc.PublicHD Supply Holdings, Inc.$8,000,000,000 Distribution12/24/20SourceCompletedAtlanta, Georgia
Covis Pharma Sàrl (owned by Apollo Global Management LLC)Private EquityAMAG Pharmaceuticals, Inc. $647,000,000 Life Sciences11/16/20SourceCompletedWaltham, Massachusetts 
The PNC Financial Services Group, Inc.PublicBBVA USA Bancshares, Inc.$11,600,000,000 Financial Services11/16/20SourcePENDINGHouston, Texas
Baidu, Inc.PublicJOYY’s Live Streaming Business$3,600,000,000 Internet Software and Services11/16/20SourcePENDINGGuangzhou, China
GAN plcPublicCoolbet Group$175,900,000 Leisure1/5/21SourceCompletedTallinn, Estonia
American SecuritiesPrivate EquityFoundation Building Materials, Inc.$1,370,000,000 Distribution11/15/20SourcePENDINGSanta Ana, California
Utz Quality Foods, Inc.PublicTruco Enterprises LP $480,000,000 Food12/14/20SourceCompletedDallas, Texas
Cellnex Telecom, S.A.PublicCheung Kong (Holdings) Ltd. - European Tower Assets & Businesses$11,269,000,000 Communications11/12/20SourceCompletedHong Kong, Hong Kong
Sumitovant Biopharma, Inc.N/AUrovant Sciences, Inc.$584,000,000 Life Sciences11/12/20SourcePENDINGIrvine, California
Infobip Ltd.PrivateOpenMarket$300,000,000 Information Technology11/11/20SourcePENDINGSeattle, Washington
Addus HomeCare, Inc.PublicQueen City Hospice LLC$192,000,000 Healthcare Services11/11/20SourceCompletedMason, Ohio
Palo Alto Networks, Inc.PublicExpanse, Inc. $670,000,000 Software12/15/20SourceCompletedSan Francisco, California
Churchill Equity, Inc.Private EquityGlobal Knowledge Training LLC$233,000,000 Education11/11/20SourceCompletedCary, North Carolina
TA AssociatesPrivate EquityPlanview, Inc. $1,600,000,000 Software12/18/20SourceCompletedAustin, Texas
Amsterdam Commodities NVPublicSunOpta, Inc. - Global Ingredients Segment$372,000,000 Food12/15/20SourceCompletedMississauga, Ontario
Pharmaron Beijing Co., Ltd.PublicAbsorption Systems LP $138,000,000 Life Sciences11/9/20SourceCompletedExton, Pennsylvania
Adobe, Inc.PublicWorkfront, Inc.$1,500,000,000 Internet Software and Services12/7/20SourceCompletedLehi, Utah
Riverstone HoldingsPrivate EquityInternational-Matex Tank Terminals, Inc.$2,685,000,000 Energy Services and Equipment11/9/20SourcePENDINGNew Orleans, Louisiana
Orange Romania SAPublicTelekom Romania Communications S.A.$560,000,000 Communications11/9/20SourcePENDINGBucharest, Romania
MultiPlan Corp.PublicHST$140,000,000 Information Technology11/9/20SourceCompletedLaguna Hills, California
TELUS International, Inc.PublicLionbridge Technologies, Inc.$935,000,000 Information Technology11/6/20SourcePENDINGWaltham, Massachusetts 
GoBrands, Inc.PrivateBeverages & More, Inc. $350,000,000 Retail12/1/20SourceCompletedConcord, California
Lightspeed POS, Inc.PublicShopKeep, Inc.$440,000,000 Internet Software and Services11/25/20SourceCompletedNew York, New York
American Tower Corp.PublicInSite Wireless Group LLC$3,500,000,000 Communications12/23/20SourceCompletedAlexandria, Virginia
TreeHouse Foods, Inc.PublicRiviana Foods, Inc.$243,000,000 Food12/14/20SourceCompletedHouston, Texas
Merck & Co., Inc.PublicVelosBio, Inc.$2,750,000,000 Life Sciences12/18/20SourceCompletedSan Diego, California
Americold Realty TrustPublicHall's Warehouse Corp.$480,000,000 Real Estate11/11/20SourceCompletedSouth Plainfield, New Jersey
Aphria, Inc.PublicSW Brewing Co. LLC $300,000,000 Beverages11/30/20SourceCompletedAtlanta, Georgia
Kimball International, Inc.PublicPoppin, Inc.$180,000,000 Furniture12/9/20SourceCompletedNew York, New York
Clearlake Capital GroupPrivate EquityEndurance International Group, Inc.$3,000,000,000 Internet Software and Services11/6/20SourceCompletedBurlington, Massachussetts
PerkinElmer, Inc.PublicHorizon Discovery Group PLC$456,000,000 Healthcare Services12/23/20SourceCompletedCambridge, United Kingdom
Coupa Software, Inc.PublicLLamasoft, Inc. $1,500,000,000 Software11/2/20SourceCompletedAnn Arbor, Michigan
Stonepeak Infrastructure Partners Private EquityAstound Broadband$8,100,000,000 Communications11/2/20SourceCompletedPrinceton, New Jersey
Advent InternationalPrivate EquityNielsen Global Connect$2,700,000,000 Business Services11/1/20SourceCompletedNew York, New York
Francisco PartnersPrivate EquityMyFitnessPal$345,000,000 Internet Software and Services12/20/20SourceCompletedSan Francisco, California
AnaCap Financial Partners Private EquityMarket Pay $338,000,000 Information Technology10/30/20SourcePENDINGÉvry-Courcouronnes, France
Inspire Brands, Inc.Private EquityDunkin' Brands Group, Inc.$11,300,000,000 Food12/18/20SourceCompletedCanton, Massachusetts
Nestlé S.A.PublicFreshly, Inc. $950,000,000 Food11/2/20SourceCompletedTempe, Arizona
Marvell Technology Group Ltd.PublicInphi Corp.$10,000,000,000 Semiconductors11/5/20SourceCompletedSanta Clara, California
The Carlyle GroupPrivate EquityFlender GmbH $2,000,000,000 Manufacturing11/2/20SourcePENDINGBocholt, Germany
Parsons Corp.PublicBraxton Science & Technology Group LLC$300,000,000 Software11/13/20SourceCompletedColorado Springs, Colorado
Alliance Data Systems Corp.PublicLon Operations LLC $450,000,000 Information Technology11/3/20SourceCompletedNew York, New York
Novartis AGPublicVedere Bio, Inc.$150,000,000 Life Sciences10/29/20SourceCompletedCambridge, Massachusetts
Ritchie Bros. Auctioneers, Inc.PublicRouse Services$275,000,000 Information Technology10/30/20SourceCompletedBeverly Hills, California
Pidilite Industries Ltd.PublicHuntsman Corp. - DIY Consumer Adhesives Business$285,000,000 Chemicals11/3/20SourceCompletedThe Woodlands, Texas
Advanced Micro Devices, Inc.PublicXilinx, Inc.$35,000,000,000 Semiconductors1/13/21SourceCompletedSan Jose, California
Teleperformance S.A.PublicHealth Advocate, Inc.$690,000,000 Healthcare Services10/27/20SourcePENDINGPlymouth Meeting, Pennsylvania
Callaway Golf Co.PublicTopgold International, Inc.$2,000,000,000 Leisure10/27/20SourcePENDINGDallas, Texas
Gaming and Leisure Properties, Inc.PublicDover Downs Hotel & Casino$340,000,000 Leisure10/27/20SourceCompletedDover, Delaware
Bally's Corp.PublicTropicana Evansville$480,000,000 Leisure10/27/20SourceCompletedEvansville, Indiana
EQT Corp.PublicChevron Corp. - Appalachia Assets$735,000,000 Oil/Gas11/12/20SourceCompletedCoraopolis, Pennsylvania
Exact Sciences Corp.PublicThrive Earlier Detection Corp.$2,150,000,000 Life Sciences1/5/21SourceCompletedCambridge, Massachusetts
Spectrum Brands Holdings, Inc.PublicArmitage Pet Care Ltd. $180,000,000 Consumer Products10/26/20SourceCompletedNottinghamshire, United Kingdom
Israel Chemicals Ltd.PublicFertiláqua$120,000,000 Chemicals1/7/21SourceCompletedSao Paulo, Brazil
B&G Foods, Inc.PublicThe J.M. Smucker Co. - Crisco Business$550,000,000 Food12/1/20SourceCompletedOrville, Ohio
Spirit AeroSystems, Inc.PublicBombardier, Inc. - Aerostructures and Aftermarket Services Business$275,000,000 Defense/Aerospace10/30/20SourceCompletedBelfast, Ireland
Bayer AGPublicAsklepios BioPharmaceutical, Inc.$4,000,000,000 Life Sciences10/26/20SourceCompletedResearch Triangle Park, North Carolina 
ANSYS, Inc.PublicAnalytical Graphics, Inc.$700,000,000 Software12/1/20SourceCompletedExton, Pennsylvania
1847 Goedeker, Inc.PublicAppliancesConnection.com$210,000,000 E-Commerce10/26/20SourcePENDINGBrooklyn, New York
Cogeco Communications Inc. PublicDERYtelecom$405,000,000 Communications12/14/20SourceCompletedSaguenay, Quebec
Pioneer Natural Resources Co.PublicParsley Energy, Inc.$4,500,000,000 Oil/Gas1/12/21SourceCompletedAustin, Texas
Applus Servicios Tecnologicos, S.L.U.PrivateBesikta Bilprovning i Sverige AB $124,000,000 Automotive10/20/20SourceCompletedMalmo, Sweden
Kainos CapitalPrivate EquityNutriSystem, Inc.$575,000,000 Healthcare Services12/9/20SourceCompletedFort Washington, Pennsylvania
SK Hynix, Inc.PublicIntel Corp. - NAND Memory Business $9,000,000,000 Semiconductors10/20/20SourcePENDINGSanta Clara, California
Smart Modular Technologies, Inc.PublicCree, Inc. - LED Products Business Unit$300,000,000 Electrical Equipment11/25/20SourceCompletedDurham, North Carolina
Endo International plcPublicBioSpecifics Technologies Corp.$540,000,000 Life Sciences12/2/20SourceCompletedWilmington, Delware
Juniper Networks, Inc.Public128 Technology$450,000,000 Information Technology12/1/20SourceCompletedBurlington, Massachussetts
Partners Group AGPrivate EquityTelepass S.p.A $2,400,000,000 Business Services1/7/21SourceCompletedRome, Italy
Canadian Pacific Railway Ltd.PublicDetroit River Tunnel Co.$312,000,000 Infrastructure12/22/20SourceCompletedDetroit, Michigan
I Squared CapitalPrivate EquityGTT Communications, Inc. - Infrastructure Division$2,150,000,000 Infrastructure11/10/20SourceCompletedMcLean, Virginia
The Jordan CompanyPrivate EquityPQ Corp. - Performance Materials Business $650,000,000 Chemicals12/14/20SourceCompletedValley Forge, Pennsylvania
Eli Lilly and Co.PublicDisarm Therapeutics $135,000,000 Life Sciences12/15/20SourceCompletedCambridge, Massachusetts
Simply Green Home Services, Inc.PrivateSNAP Financial Group$511,000,000 Information Technology10/14/20SourceCompletedVancouver, British Columbia
Astellas Pharma, Inc.Publiciota Biosciences, Inc.$127,500,000 Medical Products10/30/20SourceCompletedBerkeley, California
ArdianPrivate EquityANGUS Chemical Co.$2,250,000,000 Chemicals10/13/20SourceCompletedBuffalo Grove, Illinois
Helios TechnologiesPublicBalboa Water Group, Inc.$219,000,000 Manufacturing11/9/20SourceCompletedCosta Mesa, California
Bandwidth, Inc.PublicVoxbone SA $503,000,000 Internet Software and Services11/2/20SourceCompletedBrussels, Belgium
Twilio, Inc.PublicSegment.io, Inc.$3,200,000,000 Internet Software and Services11/2/20SourceCompletedSan Francisco, California
Latour CapitalPrivate EquitySantiane Group SAS$225,000,000 Insurance12/11/20SourceCompletedParis, France
Arch Capital Group Ltd.PublicWatford Holdings Ltd. $700,000,000 Insurance11/2/20SourcePENDINGPembroke, Bermuda
Morgan Stanley & Co.PublicEaton Vance Corp.$7,000,000,000 Financial Services10/21/20SourcePENDINGBoston, Massachusetts
Onex PartnersPrivate EquityDigital Insurance LLC (OneDigital)$960,000,000 Insurance11/16/20SourceCompletedAtlanta, Georgia
Dun & Bradstreet Holdings, Inc.PublicBisnode Business Information Group AB $818,000,000 Information Services1/11/21SourceCompletedSolna, Sweden
Steris PlcPublicKey Surgical LLC $850,000,000 Medical Products11/18/20SourceCompletedMinneapolis, Minnesota
Caterpillar, Inc.PublicThe Weir Group PLC - Oil & Gas Division$405,000,000 Energy Services and Equipment11/3/20SourceCompletedFort Worth, Texas
Avalara, Inc.PublicTransaction Tax Resources, Inc.$377,000,000 Software10/5/20SourceCompletedMcMinnville, Oregon
Bristol-Myers Squibb Co.PublicMyoKardia, Inc.$13,100,000,000 Life Sciences11/17/20SourceCompletedSan Francisco, California
Veeam Software (owned by Insight Partners)Private EquityKasten, Inc. $150,000,000 Technology Hardware10/5/20SourceCompletedLos Altos, California
BlackLine, IncPublicRimilia Holdings Ltd.$150,000,000 Software10/2/20SourceCompletedWorcs, United Kingdom
Innovative Renal Care, Inc. (owned by Nautic Partners LLC)Private EquityAmerican Renal Associates Holdings, Inc.$853,000,000 Healthcare Services10/12/20SourceCompletedBeverly, Massachusetts
ATCO Ltd.PublicTransAlta Corp. - Pioneer Pipeline$255,000,000 Utilities10/1/20SourceCompletedCalgary, Alberta 
Bally's Corp.PublicJumer's Casino & Hotel $120,000,000 Leisure10/1/20SourcePENDINGRock Island, Illinois
Secura Bio, Inc.PublicVerastem, Inc. - COPIKTRA (duvelisib)$381,000,000 Life Sciences9/30/20SourceCompletedNeedham, Massachusetts
Caesars Entertainment Corp.PublicWilliam Hill Plc$3,690,000,000 Gaming12/28/20SourcePENDINGLondon, United Kingdom
j2 Global, Inc.PublicRetailMeNot, Inc.$420,000,000 Internet Software and Services11/7/20SourceCompletedAustin, Texas
The Providence Service Corp.PublicSimplura Health Group$575,000,000 Consumer Products11/18/20SourceCompletedValley Stream, New York
Smith & Nephew plcPublicIntegra LifeSciences Holdings Corp. - Extremity Orthopaedics Business$240,000,000 Medical Products1/4/21SourceCompletedPrinceton, New Jersey
Sun Communities, Inc.PublicSafe Harbor Marinas LLC$2,000,000,000 Marine10/30/20SourceCompletedDallas, Texas
Molina Healthcare, Inc.PublicAffinity Health Plan$330,000,000 Insurance9/29/20SourcePENDINGBronx, New York
Molina Healthcare, Inc.PublicMagellan Health - Magellan Complete Care Unit (MCC)$820,000,000 Healthcare Services12/31/20SourceCompletedPhoenix, Arizona
Ivanti (owned by Clearlake Capital Group and TA Associates)Private EquityMobileIron, Inc. $872,000,000 Internet Software and Services12/1/20SourceCompletedMountain View, California
Patricia Industries (owned by Investor AB)N/AAdvanced Instruments, Inc. $780,000,000 Test/Measurement Equipment11/11/20SourceCompletedNorwood, Massachusetts
Cleveland-Cliffs, Inc.PublicArcelorMittal USA LLC $1,400,000,000 Metals/Mining12/9/20SourceCompletedChicago, Illinois
EnPro Industries, Inc.PublicAlluxa, Inc. $255,000,000 Manufacturing10/27/20SourceCompletedSanta Rosa, California
Boxlight Corp.PublicSahara Presentation Systems PLC$114,000,000 Technology Hardware9/25/20SourceCompletedKent, United Kingdom
Tmx Group Ltd.PublicAmerican Stock Transfer & Trust Co. LLC $165,000,000 Financial Services9/25/20SourcePENDINGBrooklyn, New York
Curtiss-Wright Corp.PublicPacific Star Communications, Inc. (PacStar)$400,000,000 Technology Hardware11/2/20SourceCompletedPortland, Oregon
The E. W. Scripps CompanyPublicION Media Networks, Inc. $2,650,000,000 Media1/7/21SourceCompletedPalm Beach, Florida
Diploma PlcPublicWindy City Wire Cable & Technology Products LLC $550,000,000 Distribution10/16/20SourceCompletedBolingbrook, Illinois
Compania Logistica de Hidrocarburos CLH SAN/AInter Pipeline Ltd. - European Storage Business $715,000,000 Oil/Gas11/12/20SourceCompletedCalgary, Alberta 
AssuredPartners, Inc. (owned by GTCR LLC)Private EquityPeople's United Insurance Agency, Inc.$120,000,000 Insurance11/3/20SourceCompletedHartford, Connecticut
Microsoft Corp.PublicZeniMax Media, Inc. $7,500,000,000 Software9/21/20SourcePENDINGRockville, Maryland
PagerDuty, Inc.PublicRundeck, Inc. $100,000,000 Information Technology10/1/20SourceCompletedRedwood City, California
Roche Holding AGPublicInflazome Ltd.$428,000,000 Life Sciences9/21/20SourceCompletedDublin, Ireland
Illumina, Inc.PublicGRAIL, Inc. $8,000,000,000 Life Sciences9/21/20SourcePENDINGMenlo Park, California
EricssonPublicCradlePoint, Inc.$1,100,000,000 Internet Software and Services11/2/20SourceCompletedBoise, Idaho
Euronext N.V.PublicBorsa Italiana Spa$4,874,000,000 Financial Services10/9/20SourcePENDINGMilan, Italy
MetLife, Inc.PublicVersant Health Holdco, Inc.$1,675,000,000 Insurance1/12/21SourceCompletedLinthicum, Maryland
Qiagen N.VPublicNeuMoDx Molecular, Inc. $248,000,000 Life Sciences9/17/20SourceCompletedAnn Arbor, Michigan
Corza Health, Inc. (owned by GTCR)Private EquityTakeda Pharmaceutical Co.,Ltd. - TachoSil$410,000,000 Medical Products9/16/20SourcePENDINGOsaka, Japan
Delivery Hero SEPublicGlovo - Latin America Operations$279,190,000 Internet Software and Services9/16/20SourceCompletedArgentina
Pure Storage, Inc.PublicPortworx, Inc. $370,000,000 Information Technology9/16/20SourceCompletedLos Altos, California
Red Ventures LLCPrivate EquityCNet Networks, Inc.$500,000,000 Internet Software and Services10/30/20SourceCompletedSan Francisco, California
Wolters Kluwer Financial Services, Inc.PublicXCM Solutions LLC $153,000,000 Internet Software and Services9/14/20SourceCompletedQuincy, Massachusetts
Grupo Ser Educacional S.A.PublicLaureate Education, Inc. - Brazilian Operations$765,000,000 Education11/2/20SourcePENDINGBrazil
NVIDIA Corp.PublicArm Limited$40,000,000,000 Semiconductors12/2/20SourcePENDINGCambridge, United Kingdom
Gilead Sciences, Inc.PublicImmunomedics, Inc.$21,000,000,000 Life Sciences10/23/20SourceCompletedMorris Plains, New Jersey
Adtalem Global Education, Inc.PublicWalden University $1,480,000,000 Internet Software and Services9/11/20SourceCompletedMinneapolis, Minnesota
Baring Private Equity AsiaPrivate EquityVirtusa Corp. $2,000,000,000 Information Technology11/20/20SourcePENDINGSouthborough, Massachusetts
EQT Holdings ABPrivate Equityidealista SA $1,465,000,000 Internet Software and Services11/1/20SourceCompletedMadrid, Spain
Radiology Partners, Inc.PrivateMEDNAX Radiology Solutions $885,000,000 Healthcare Services12/16/20SourceCompletedSunrise, Florida
Avon Rubber plcPublicTeam Wendy LLC$130,000,000 Safety/Security11/3/20SourceCompletedCleveland, Ohio
Progress Software Corp.PublicChef Software, Inc.$220,000,000 Software10/6/20SourceCompletedSeattle, Washington
Mylan NVPublicAspen Pharmacare Holdings Ltd. - Thrombosis Business$723,000,000 Life Sciences12/2/20SourceCompletedUnited Kingdom
Apax Partners Private EquityMyCase, Inc. $193,000,000 Internet Software and Services10/14/20SourceCompletedGoleta, California
KAR Auction Services, Inc.PublicBacklotCars, Inc.$425,000,000 Internet Software and Services11/12/20SourceCompletedKansas City, Kansas
Universal Corp.PublicSilva International, Inc.$170,000,000 Food10/1/20SourceCompletedMomence, Illinois
Kimberly-Clark Corp.PublicSoftex Indonesia$1,200,000,000 Consumer Products10/1/20SourceCompletedCentral Jakarta, Indonesia
Medallia, Inc.PublicStellaService, Inc.$100,000,000 Internet Software and Services12/4/20SourceCompletedNew York, New York
Roark Capital GroupPrivate EquityServiceMaster Global Holdings, Inc. - ServiceMaster Brands $1,553,000,000 Consumer Services10/1/20SourceCompletedMemphis, Tennessee
CryoLife, Inc.PublicAscyrus Medical LLC $200,000,000 Medical Products9/2/20SourceCompletedBoca Raton, Florida
Intelsat Global SAPublicGogo, Inc. - Commercial Aviation Business $400,000,000 Communications12/1/20SourceCompletedChicago, Illinois
Fastly, Inc.PublicSignal Sciences Corp. $775,000,000 Information Technology10/1/20SourceCompletedCulver City, California
Emerson Electric Co.PublicOpen Systems International, Inc.$1,600,000,000 Information Technology10/1/20SourceCompletedMedina, Minnesota
Delivery Hero SEPublicInstaShop Ltd. $360,000,000 Internet Software and Services8/27/20SourceCompletedDubai, United Arab Emirates
Aveva Group plcPublicOSIsoft, Inc.$5,000,000,000 Software8/25/20SourcePENDINGSan Leandro, California
Cryoport, Inc.PublicChart Industries, Inc. - Cryobiological Products Business $320,000,000 Medical Products10/2/20SourceCompletedBall Ground, Georgia
Superior Plus Corp.PublicRymes Propane & Oil $159,000,000 Distribution9/1/20SourceCompletedConcord, New Hampshire
MW Industries, Inc. (owned by American Securities)Private EquityNN, Inc. - Life Sciences Division$825,000,000 Medical Products10/6/20SourceCompletedJohnson City, Tennessee
Smartsheet.com, Inc.PublicBrandfolder, Inc. $155,000,000 Internet Software and Services9/14/20SourceCompletedDenver, Colorado
Palo Alto Networks, Inc.PublicThe Crypsis Group $265,000,000 Information Technology9/17/20SourceCompletedMcLean, Virginia
Enterprise Financial Services Corp.PublicSeacoast Commerce Banc Holdings $156,000,000 Financial Services11/12/20SourceCompletedSan Diego, California
Johnson & JohnsonPublicMomenta Pharmaceuticals, Inc.$6,500,000,000 Life Sciences10/1/20SourceCompletedCambridge, Massachusetts
KBR, Inc.PublicCentauri$827,000,000 Information Technology10/5/20SourceCompletedChantilly, Virginia
Take-Two Interactive Software, Inc.PublicPlaydots, Inc.$192,000,000 Digital Media10/1/20SourceCompletedNew York, New York
The Friedkin Group, Inc.PrivateA.S. Roma S.p.A. $591,000,000 Leisure8/17/20SourceCompletedRome, Italy
Sanofi SAPublicPrincipia Biopharma, Inc.$3,680,000,000 Life Sciences8/28/20SourceCompletedSan Francisco, California
Roper Technologies, Inc.PublicVertafore, Inc.$5,350,000,000 Software9/3/20SourceCompletedDenver, Colorado
GFL Environmental Corp.PublicWCA Waste Corp. $1,212,000,000 Environmental10/6/20SourceCompletedHouston, Texas
Omnicell, Inc.PublicPharmaceutical Strategies Group LLC - 340B Software-Enabled Service Business$225,000,000 Information Technology10/1/20SourceCompletedPlano, Texas
Arsenal Capital PartnersPrivate EquityCello Health plc $248,000,000 Business Services8/11/20SourceCompletedLondon, United Kingdom
Bayer AGPublicKaNDy Therapeutics Ltd.$425,000,000 Life Sciences9/7/20SourceCompletedStevenage, United Kingdom
Equinix, Inc.PublicGPX India Pvt. Ltd. $161,000,000 Information Technology8/11/20SourceCompletedMumbai, India
Ligand Pharmaceuticals, Inc.PublicPfenex, Inc.$438,000,000 Life Sciences10/1/20SourceCompletedSan Diego, California
Viva Biotech (Shanghai) Co., Ltd.N/AZhejiang Langhua Pharmaceutical Co. Ltd.$387,000,000 Life Sciences11/16/20SourceCompletedZhejiang, China
Intercontinental Exchange, Inc.PublicEllie Mae, Inc.$11,000,000,000 Software9/4/20SourceCompletedPleasanton, California
J.D. Power and Associates, Inc. (owned by Thoma Bravo)Private EquityALG, Inc. $135,000,000 Business Services11/30/20SourceCompletedSanta Barbara, California
Nolato ABPublicGW Plastics, Inc. $237,000,000 Plastics11/16/20SourceCompletedBethel, Vermont
The Blackstone Group Inc.Private EquityAncestry.com, Inc.$4,700,000,000Information Services12/4/20SourceCompletedProvo, Utah
Teladoc, Inc.PublicLivongo Health$18,500,000,000 Medical Products10/30/20SourceCompletedMountain View, California
Think & Learn Pvt. Ltd.PrivateWhitehat Education Technology Pvt. Ltd.$300,000,000 Internet Software and Services8/5/20SourceCompletedMumbai, India
Edgewell Personal Care Co.PublicCremo Co. LLC $235,000,000 Consumer Products9/3/20SourceCompletedLaguna Beach, California
Motorola Solutions, Inc.PublicPelco, Inc.$110,000,000 Electronics8/4/20SourceCompletedClovis, California
Seven & i Holdings Co., Ltd.PublicSpeedway, LLC$21,000,000,000 Retail11/2/20SourceCompletedEnon, Ohio
Francisco PartnersPrivate EquityConsignor Group $181,000,000 Software8/6/20SourceCompletedOslo, Norway
Apple, Inc.PublicMobeewave, Inc.$100,000,000 Information Technology7/31/20SourceCompletedMontreal, Quebec
Strata Decision Technology LLC (owned by Roper Technologies)PublicEnterprise Performance Systems, Inc. $365,000,000 Information Technology10/15/20SourceCompletedChesterfield, Missouri
Corsair CapitalPrivate EquityMulti Service Technology Solutions, Inc. (MSTS) $350,000,000 Information Technology9/30/20SourceCompletedOverland Park, Kansas
Liberty Latin America Ltd.PublicTelefonica SA - Costa Rica Business$479,000,000 Communications10/1/20SourceCompletedCosta Rica
TerSera Therapeutics LLC (backed by GTCR)Private EquityLexicon Pharmaceuticals, Inc. - XERMELO $159,000,000 Life Sciences8/3/20SourceCompletedThe Woodlands, Texas
Strategic Education, Inc.PublicLaureate Education, Inc. - Australia and New Zealand Academic Operations $642,700,000 Education11/5/20SourceCompletedAustralia
Madison Dearborn Partners LLCPrivate EquityIPL Plastics Plc$771,800,000 Packaging10/16/20SourceCompletedMontreal, Quebec
Oak Hill Capital Partners Private EquityOtelco, Inc.$106,000,000 Communications11/5/20SourcePENDINGOneonta, Alabama
Black Knight, Inc.PublicOptimal Blue LLC$1,800,000,000 Business Services9/15/20SourceCompletedPlano, Texas
AOC Materials LLCN/AAshland, Inc. - Maleic Anhydride Business$100,000,000 Chemicals10/1/20SourceCompletedNeal, West Virginia
Perpetual Ltd.PublicBarrow, Hanley, Mewhinney & Strauss, LLC $319,000,000 Business Services11/17/20SourceCompletedDallas, Texas
NRG Energy, Inc.PublicDirect Energy LP$3,625,000,000 Utilities1/5/21SourceCompletedHouston, Texas
Silver LakePrivate EquityGroupe Meilleurtaux$1,078,000,000 Financial Services10/14/20SourceCompletedParis, France
ConocoPhillipsPublicKelt Exploration Ltd. - Liquids-Rich Montney Acreage $375,000,000 Oil/Gas8/24/20SourceCompletedCalgary, Alberta 
GSH Private CapitalPrivate EquityGetronics Global Services BV$225,000,000 Information Technology7/21/20SourceCompletedAmsterdam, Netherlands
Adevinta ASAPubliceBay - Classifieds Group$9,200,000,000 Internet Software and Services7/21/20SourceCompletedCaliforniaWith the acquisition of eBay Classifieds Group, Adevinta becomes the largest online classifieds company globally
Schibsted ASAPubliceBay Classifieds Group - Denmark Assets $330,000,000 Internet Software and Services7/21/20SourceCompletedCalifornia
UNION therapeutics A/SPrivateLEO PDE4 Inhibitor$200,000,000 Life Sciences7/21/20SourceCompletedBallerup, Denmark
KPS Capital PartnersPrivate EquityBriggs & Stratton Corp.$550,000,000 Machinery9/23/20SourceCompletedWauwatosa, Wisconsin
Chevron Corp.PublicNoble Energy, Inc.$13,000,000,000 Oil/Gas10/5/20SourceCompletedHouston, Texas
Thoma BravoPrivate EquityMajesco$594,000,000 Software9/21/20SourceCompletedMorristown, New Jersey
Dedalus S.p.A (owned by Ardian)Private EquityDXC Technology Co. - Healthcare Provider Software Business$525,000,000 Information Technology7/20/20SourceCompletedVirginia
Sarnova, Inc. (owned by Patricia Industries, a part of Investor AB)N/AR1 RCM Inc. - Emergency Medical Services Business$140,000,000 Information Technology10/30/20SourceCompletedChicago, Illinois
Leviton Manufacturing Co., Inc.PrivateBerk-Tek LLC $202,000,000 Electrical Equipment9/30/20SourceCompletedNew Holland, Pennsylvania
HH Global Ltd.N/AInnerWorkings, Inc. $177,000,000 Marketing10/1/20SourceCompletedChicago, Illinois
Analog Devices, Inc.PublicMaxim Integrated Products, Inc.$20,000,000,000 Semiconductors7/13/20SourcePENDINGSan Jose, California
Hewlett Packard Enterprise Co.PublicSilver Peak Systems, Inc.$925,000,000 Information Technology9/21/20SourceCompletedSanta Clara, California
Sirius XM Holdings, Inc.PublicStitcher, Inc. $325,000,000 Digital Media10/19/20SourceCompletedSan Francisco, California
Mediaocean, LLC (owned by Vista Equity Parnters)Private Equity4C Insights, Inc. $150,000,000 Software8/6/20SourceCompletedChicago, Illinois
Madison Dearborn Partners LLCPrivate EquityBenefytt Technologies, Inc. $625,000,000 Healthcare Services8/21/20SourceCompletedTampa, Florida
Cerberus Capital ManagementPrivate EquityBluestem Brands, Inc. $250,000,000 Retail8/28/20SourceCompletedEden Prairie, Minnesota
The Allstate Corp.PublicNational General Holdings Corp.$4,000,000,000 Insurance1/4/21SourceCompletedNew York, New York
Synaptics, Inc.PublicBroadcom Ltd. - Certain Assets and Manufacturing Rights Wireless IoT Connectivity Business $250,000,000 Technology Hardware7/23/20SourceCompletedSingapore, Singapore
CorEnergy Infrastructure Trust, Inc.PublicPinedale Liquids Gathering System$225,000,000 Oil/Gas7/7/20SourceCompletedPinedale, Wyoming
Sunrun, Inc.PublicVivint Solar, Inc. $3,200,000,000 Energy Services and Equipment10/8/20SourceCompletedLehi, Utah
Uber Technologies, Inc.PublicPostmates, Inc.$2,650,000,000 Internet Software and Services12/1/20SourceCompletedSan Francisco, California
Maersk PublicKGH Customs Services $308,000,000 Business Services9/2/20SourceCompletedGoteborg, Sweden
Berkshire Hathaway, Inc.Private EquityDominion Energy, Inc. - Gas Transmission & Storage Segment Assets $8,000,000,000 Oil/Gas11/2/20SourceCompletedRichmond, Virginia
Rhône GroupPrivate EquityLummus Technology $2,725,000,000 Technology Hardware7/1/20SourceCompletedThe Woodlands, Texas
Empower Retirement LLC (owned by Great-West Lifeco)PublicPersonal Capital Corp. $1,000,000,000 Financial Services8/18/20SourceCompletedRedwood City, California
Amazon.com, Inc.PublicZoox, Inc.$1,300,000,000 Technology Hardware7/9/20SourceCompletedFoster City, California
Keysight Technologies, Inc.PublicEggplant$330,000,000 Software6/25/20SourceCompletedLondon, United Kingdom
Mitie Group plcPublicInterserve plc - Support Services Division $336,000,000 Business Services6/25/20SourceCompletedReading, United Kingdom
Sazerac Company, Inc (dba John Handy Co.)PrivatePaul Masson Grande Amber Brandy, Inc. $265,000,000 Internet Software and Services1/13/21SourceCompletedCanandaigua, New York
MasterCard, Inc.PublicFinicity Corp.$985,000,000 Internet Software and Services11/19/20SourceCompletedMurray, Utah
Maxar Technologies Ltd.PublicVricon, Inc.$140,000,000 Software7/1/20SourceCompletedMcLean, Virginia
TC Energy Corporation (owned by NGTL and ATCO)PublicPioneer Pipeline$255,000,000 Energy Services and Equipment10/1/20SourcePENDINGCalgary, Alberta 
Salling Group A/SPrivateTesco Polska$239,000,000 Retail6/15/20SourcePENDINGPoland
Zijin Mining Group Co. Ltd.PublicGuyana Goldfields, Inc.$246,000,000 Metals/Mining8/25/20SourceCompletedToronto, Ontario
Koninklijke DSM N.V. (Royal DSM)PublicErber AG$1,104,000,000 Life Sciences10/2/20SourceCompletedGetzersdorf, Austria
Tencent Holdings Ltd.PublicBitauto Holdings Ltd. $1,100,000,000 Internet Software and Services11/5/20SourceCompletedBeijing, China
Just Eat Takeaway.com N.V.PublicGrubHub, Inc.$7,300,000,000 Internet Software and Services9/4/20SourceCompletedChicago, Illinois
Ningbo Shanshan Co., Ltd.PublicLG Chem, Ltd. - LCD Polarizer Business $1,100,000,000 Chemicals9/13/20SourceCompletedChina
Materion Corp.PublicOptics Balzers AG $160,000,000 Manufacturing7/20/20SourceCompletedBalzers, Liechtenstein
UCB S.A.PublicEngage Therapeutics, Inc.$270,000,000 Life Sciences6/5/20SourceCompletedSummit, New Jersey
Chegg, Inc.PublicMathway LLC $100,000,000 Internet Software and Services6/4/20SourceCompletedCenter Valley, Pennsylvania
National Instruments CorporationPublicOptimalPlus Ltd. $365,000,000 Software7/6/20SourceCompletedHolon, Israel
Aduro Biotech, Inc.PublicChinook Therapeutics, Inc.$200,000,000 Life Sciences10/5/20SourceCompletedVancouver, British Columbia
Equinix, Inc.PublicBCE, Inc. - 13 Data Center Sites$780,000,000 Information Technology10/1/20SourceCompletedQuebec, Canada
Zynga, Inc.PublicPeak Oyun Yazilim ve Pazarlama AS $1,800,000,000 Digital Media7/2/20SourceCompletedIstanbul, Turkey
Millicent Pharma Ltd. (owned by Carlyle Group)Private EquityAMAG Pharmaceuticals, Inc. - INTRAROSA Rights $125,000,000 Life Sciences5/21/20SourceCompletedWaltham, Massachusetts 
Artemis Capital PartnersPrivate EquityBridge Farm Nurseries Ltd. $105,000,000 Agriculture6/8/20SourceCompletedWoodbridge, United Kingdom
Facebook, Inc.PublicGiphy, Inc.$400,000,000 Digital Media11/13/20SourcePENDINGNew York, New York
CoStar Group, Inc.PublicTen-X, Inc.$190,000,000 Internet Software and Services6/24/20SourceCompletedIrvine, California
Merck & Co., Inc.PublicVirbac SA - SENTINEL U.S. Rights $400,000,000 Life Sciences7/2/20SourceCompletedNew Jersey
Bain Capital Private EquityPrivate EquityShowa Aircraft Industry Co. Ltd. $817,000,000 Diversified5/12/20SourceCompletedTokyo, Japan
Microsoft Corp.PublicCyberX$165,000,000 Information Technology6/22/20SourceCompletedWaltham, Maryland
National Fuel Gas Co.PublicRoyal Dutch Shell plc - U.S. Appalachia Assets $541,000,000 Oil/Gas7/31/20SourceCompletedNew York, New York
Intel Corp.PublicMoovit App Global Ltd.$900,000,000 Internet Software and Services5/4/20SourceCompletedTel Aviv, Israel
Clayton, Dubilier & Rice (CD&R) Private EquityHuntsworth PLC $784,570,250 Marketing5/1/20SourceCompletedLondon, United Kingdom
Macarthur Fortune Holding LLCPrivate EquityJagex Ltd.$530,000,000 Digital Media4/28/20SourceCompletedCambridge, United Kingdom
SS&C Technologies Holdings, Inc.PublicInnovest Systems LLC $120,000,000 Financial Services5/18/20SourceCompletedNew York, New York
KKR & Co. L.P.Private EquityShapoorji Pallonji Infrastructure Capital Co. Pvt. Ltd. - 317MWp Solar Energy Assets $204,000,000 Infrastructure (Private Equity)5/5/20SourceCompletedMumbai, India
Verizon Communications, Inc.PublicBlue Jeans Network $400,000,000 Information Technology5/18/20SourceCompletedMountain View, California
KB Financial GroupPublicPrudential Life Insurance Co., Ltd.$1,900,000,000 Insurance8/31/20SourceCompletedSeoul, South Korea
Prime Healthcare Services, Inc.PrivateVerity Health System of California, Inc. - St. Francis Medical Center$350,000,000 Healthcare Services8/17/20SourceCompletedLynwood, California
Social Finance, Inc. (dba SoFi)PrivateGalileo Financial Technologies, Inc.$1,200,000,000 Information Technology4/20/20SourceCompletedSalt Lake City, Utah
MaxLinear, Inc.PublicIntel Corp. - Home Gateway Platform Division$150,000,000 Technology Hardware8/3/20SourceCompletedSanta Clara, California
Apple, Inc.PublicNextVR Inc.$100,000,000 Digital Media5/14/20SourceCompletedNewport Beach, California
Dairy Farmers of America, Inc.N/ADean Foods Co.$433,000,000 Food5/4/20SourceCompletedDallas, Texas
Palo Alto Networks, Inc.PublicCloudGenix, Inc. $420,000,000 Internet Software and Services4/21/20SourceCompletedSan Jose, California
Air Products & Chemicals, Inc.PublicPBF Energy, Inc. - Five Operating Hydrogen Plants $530,000,000 Oil/Gas4/20/20SourceCompletedParsippany, New Jersey
KKRPrivate EquityIndustrial Properties$835,000,000Real Estate (Private Equity)12/11/20SourceCompleteN/A (Central Pennsylvania and South Florida)
Intuit, Inc.PublicCredit Karma, Inc.$8,100,000,000Internet Software and Services12/3/20SourceCompletedSan Francisco, California
The Blackstone Group Inc.Private EquityHealthEdge Software$700,000,000Information Technology (Private Equity)4/7/20SourceCompletedBurlington, Massachusetts
Apollo Global Management LLCPrivate EquityTech Data Corporation $750,000,000Distribution (Private Equity)6/30/20SourceCompletedClearwater, Florida
Cisco Systems, Inc.PublicThousandEyes, Inc.$1,000,000,000Information Technology5/28/20SourceCompletedSan Francisco, California
Veritas Capital and Evergreen Coast Capital (affiliate of Elliott Investment Management L.P.)Private EquityCubic Corporation$2,800,000,000Defense (Private Equity)2/8/21SourcePENDINGSan Diego, California
Monroe Capital LLC and Apax PartnersPrivate EquityMyCase, Inc.$193,000,000Internet Software & Services (Private Equity)10/14/20SourceCompletedGoleta, California