Year archive

M&A deals in 2026

Browse every published Exit Mode deal announced in 2026, sorted newest first with sectors, valuations, and Founder's Lens commentary where relevant.

The 2026 archive shows how buyer appetite, sector concentration, and deal tempo developed across the year. Use it to compare like-for-like transactions and track where activity accelerated or slowed.

12 May 2026In reviewOther

INFLEXION to acquire MARIOFF

INFLEXION and MARIOFF entered the Exit Mode archive.

Buyer: INFLEXION
Target: MARIOFF
Deal value: Not disclosed
Deal type: unknown

Read deal Other deals unknown deals In review deals

12 May 2026In reviewOther

BLACKSTONE to acquire ES GROUP

BLACKSTONE and ES GROUP entered the Exit Mode archive.

Buyer: BLACKSTONE
Target: ES GROUP
Deal value: Not disclosed
Deal type: unknown

Read deal Other deals unknown deals In review deals

11 May 2026CompletedEducation

Coursera to acquire Udemy, Inc.

Coursera and Udemy, Inc. entered the Exit Mode archive.

Buyer: Coursera
Target: Udemy, Inc.
Deal value: Not disclosed
Deal type: strategic acquisition

Read deal Education deals strategic acquisition deals United States deals

11 May 2026Firm intentionOther

FG Merger II Corp. to acquire BOXABL Inc.

FG Merger II Corp. and BOXABL Inc. entered the Exit Mode archive.

Buyer: FG Merger II Corp.
Target: BOXABL Inc.
Deal value: Not disclosed
Deal type: merger of equals

Read deal Other deals merger of equals deals United States deals

11 May 2026Firm intentionAerospace & Defence

Unusual Machines, Inc. to acquire DroneNX LLC d/b/a Upgrade Energy

Unusual Machines, Inc. and DroneNX LLC d/b/a Upgrade Energy entered the Exit Mode archive.

Buyer: Unusual Machines, Inc.
Target: DroneNX LLC d/b/a Upgrade Energy
Deal value: USD 52,000,000
Deal type: strategic acquisition

Read deal Aerospace & Defence deals strategic acquisition deals United States deals

10 May 2026In reviewOther

MUTARES to acquire MAGNA LIGHTING BUSINESS

MUTARES and MAGNA LIGHTING BUSINESS entered the Exit Mode archive.

Buyer: MUTARES
Target: MAGNA LIGHTING BUSINESS
Deal value: Not disclosed
Deal type: strategic acquisition

Read deal Other deals strategic acquisition deals In review deals

10 May 2026Firm intentionFinancial Services

KKR Alternative Assets L.P. to acquire FS KKR Capital Corp.

KKR Alternative Assets L.P. and FS KKR Capital Corp. entered the Exit Mode archive.

Buyer: KKR Alternative Assets L.P.
Target: FS KKR Capital Corp.
Deal value: USD 150,000,000
Deal type: minority stake

Read deal Financial Services deals minority stake deals United States deals

9 May 2026Firm intentionOther

Emma Buyer, LLC to acquire Emerald Holding, Inc.

Emma Buyer, LLC and Emerald Holding, Inc. entered the Exit Mode archive.

Buyer: Emma Buyer, LLC
Target: Emerald Holding, Inc.
Deal value: Not disclosed
Deal type: going private

Read deal Other deals going private deals United States deals

8 May 2026CompletedTechnology

essensys Bidco Limited to acquire essensys plc

essensys Bidco Limited and essensys plc entered the Exit Mode archive.

Buyer: essensys Bidco Limited
Target: essensys plc
Deal value: Not disclosed
Deal type: going private

Read deal Technology deals going private deals United Kingdom deals

8 May 2026Firm intentionFinancial Services

CrossCountry Intermediate Holdco, LLC to acquire Two Harbors Investment Corp.

CrossCountry Intermediate Holdco, LLC and Two Harbors Investment Corp. entered the Exit Mode archive.

Buyer: CrossCountry Intermediate Holdco, LLC
Target: Two Harbors Investment Corp.
Deal value: Not disclosed
Deal type: going private

Read deal Financial Services deals going private deals United States deals

8 May 2026CompletedEnergy

Vorratsla-160 M UG (haftungsbeschränkt) and Vorratsla-161 M UG (haftungsbeschränkt) to acquire Sono Motors

Vorratsla-160 M UG (haftungsbeschränkt) and Vorratsla-161 M UG (haftungsbeschränkt) and Sono Motors entered the Exit Mode archive.

Buyer: Vorratsla-160 M UG (haftungsbeschränkt) and Vorratsla-161 M UG (haftungsbeschränkt)
Target: Sono Motors
Deal value: EUR 1
Deal type: strategic acquisition

Read deal Energy deals strategic acquisition deals Germany deals

8 May 2026Firm intention

Monroe Street Capital Partners, LP to acquire HNO International, Inc.

Monroe Street Capital Partners, LP and HNO International, Inc. entered the Exit Mode archive.

Buyer: Monroe Street Capital Partners, LP
Target: HNO International, Inc.
Deal value: USD 67,500
Deal type: unknown

Read deal unknown deals United States deals United States deals

8 May 2026CompletedConsumer & Retail

Glow Midco, LLC to acquire European Wax Center, Inc.

Glow Midco, LLC and European Wax Center, Inc. entered the Exit Mode archive.

Buyer: Glow Midco, LLC
Target: European Wax Center, Inc.
Deal value: Not disclosed
Deal type: going private

Read deal Consumer & Retail deals going private deals United States deals

7 May 2026CompletedHealthcare

GA SNF ABBEVILLE GA LLC and GA SNF EASTMAN GA LLC to acquire Selectis Health, Inc.

GA SNF ABBEVILLE GA LLC and GA SNF EASTMAN GA LLC and Selectis Health, Inc. entered the Exit Mode archive.

Buyer: GA SNF ABBEVILLE GA LLC and GA SNF EASTMAN GA LLC
Target: Selectis Health, Inc.
Deal value: USD 15,700,000
Deal type: asset sale

Read deal Healthcare deals asset sale deals United States deals

7 May 2026CompletedEnergy

Devon to acquire Coterra Energy Inc.

Devon and Coterra Energy Inc. entered the Exit Mode archive.

Buyer: Devon
Target: Coterra Energy Inc.
Deal value: Not disclosed
Deal type: going private

Read deal Energy deals going private deals United States deals

7 May 2026CompletedConstruction & Materials

Suncrete, Inc. to acquire Nelson Bros. Ready Mix, LLC

Suncrete, Inc. and Nelson Bros. Ready Mix, LLC entered the Exit Mode archive.

Buyer: Suncrete, Inc.
Target: Nelson Bros. Ready Mix, LLC
Deal value: USD 60,300,000
Deal type: strategic acquisition

Read deal Construction & Materials deals strategic acquisition deals United States deals

7 May 2026CompletedHealthcare

Shuttle Pharmaceuticals Holdings, Inc. to acquire United Dogecoin Inc.

Shuttle Pharmaceuticals Holdings, Inc. and United Dogecoin Inc. entered the Exit Mode archive.

Buyer: Shuttle Pharmaceuticals Holdings, Inc.
Target: United Dogecoin Inc.
Deal value: Not disclosed
Deal type: strategic acquisition

Read deal Healthcare deals strategic acquisition deals United States deals

6 May 2026CompletedReal Estate

Brookfield to acquire Peakstone Realty Trust

Brookfield and Peakstone Realty Trust entered the Exit Mode archive.

Buyer: Brookfield
Target: Peakstone Realty Trust
Deal value: Not disclosed
Deal type: going private

Read deal Real Estate deals going private deals United States deals

6 May 2026CompletedTechnology

908 Devices Inc. to acquire NIRLAB SA

908 Devices Inc. and NIRLAB SA entered the Exit Mode archive.

Buyer: 908 Devices Inc.
Target: NIRLAB SA
Deal value: USD 15,000,000
Deal type: strategic acquisition

Read deal Technology deals strategic acquisition deals Switzerland deals

5 May 2026CompletedOther

Freeman Enclosure Systems, LLC to acquire Broadwind Heavy Fabrications, Inc.

Freeman Enclosure Systems, LLC and Broadwind Heavy Fabrications, Inc. entered the Exit Mode archive.

Buyer: Freeman Enclosure Systems, LLC
Target: Broadwind Heavy Fabrications, Inc.
Deal value: USD 19,500,000
Deal type: asset sale

Read deal Other deals asset sale deals United States deals

5 May 2026CompletedFood & Drink

Royal Cup to acquire FARMER BROTHERS CO

Royal Cup and FARMER BROTHERS CO entered the Exit Mode archive.

Buyer: Royal Cup
Target: FARMER BROTHERS CO
Deal value: USD 28,300,000
Deal type: going private

Read deal Food & Drink deals going private deals United States deals

5 May 2026CompletedHealthcare

Merck to acquire Terns Pharmaceuticals, Inc.

Merck and Terns Pharmaceuticals, Inc. entered the Exit Mode archive.

Buyer: Merck
Target: Terns Pharmaceuticals, Inc.
Deal value: Not disclosed
Deal type: going private

Read deal Healthcare deals going private deals United States deals

4 May 2026CompletedReal Estate

DiamondHead Holdings Corp. to acquire Great Southern Homes, Inc.

DiamondHead Holdings Corp. and Great Southern Homes, Inc. entered the Exit Mode archive.

Buyer: DiamondHead Holdings Corp.
Target: Great Southern Homes, Inc.
Deal value: Not disclosed
Deal type: going private

Read deal Real Estate deals going private deals United States deals

4 May 2026Firm intentionHealthcare

Aura Biosciences, Inc. to acquire Matrix Capital Management Master Fund, LP

Aura Biosciences, Inc. and Matrix Capital Management Master Fund, LP entered the Exit Mode archive.

Buyer: Aura Biosciences, Inc.
Target: Matrix Capital Management Master Fund, LP
Deal value: Not disclosed
Deal type: share buyback

Read deal Healthcare deals share buyback deals United States deals

3 May 2026AbandonedTechnology

GameStop Corp. unsolicited offer to acquire eBay Inc.

On 3 May 2026, Ryan Cohen, chief executive of GameStop Corp, announced an unsolicited proposal to acquire eBay Inc. The move followed a period in which GameStop had secr…

Buyer: GameStop Corp.
Target: eBay Inc.
Deal value: USD 55,500,000,000
Deal type: strategic acquisition

Read deal Technology deals strategic acquisition deals United States deals

1 May 2026CompletedFood & Drink