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M&A News: Global M&A Deals Week of January 19 to 25, 2026
- IMAA
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Between January 19 and January 25, the global mergers and acquisitions (M&A) market recorded 602 announced transactions with an aggregate value of USD 39.62 billion. Of these, 11 deals were valued at more than USD 500 million, together accounting for USD 27.32 billion, or approximately 69% of the week’s total deal value.
The largest transaction of the week was Deutsche Börse’s USD 6.19 billion acquisition of Allfunds Group, representing the exchange operator’s biggest deal to date. The acquisition aligns with Deutsche Börse’s strategy to deepen its role in European financial market infrastructure, while expanding its footprint in fund distribution and wealth technology. Allfunds operates a global platform that links asset managers with banks, wealth managers, and institutional distributors, with revenues largely derived from recurring, transaction-based fees. The transaction strengthens Deutsche Börse’s exposure to asset and wealth management workflows and further diversifies its revenue mix toward scalable, fee-based activities across post-trade and data-related businesses.
Financials featured prominently among this week’s top deals. Notable transactions include Capital One Financial Corporation’s USD 5.15 billion acquisition of Brex, signaling a major expansion into business payments technology, and EQT AB’s USD 3.7 billion acquisition of Coller Capital, which will expand EQT’s capabilities across private equity, infrastructure, real estate, and secondary investments.
On a weekly comparison, deal volume saw a slight decline from 605 to 602 transactions. Total deal value decreased by 14%, from USD 46.03 billion in the previous period to USD 39.62 billion.
Top 5 M&A Deals for the Week
Here are the top 5 M&A Deals for the week of January 19 to 25, 2026 in detail:
Deal No. 1: Deutsche Börse AG to Acquire Allfunds Group plc for USD 6.19 Billion
Deal No. 2: Capital One Financial Corporation to Acquire Brex Inc. for USD 5.15 Billion
Deal No. 3: Arise Digital Technology Company Limited to Acquire True Corporation Public Company Limited for USD 3.92 Billion
Deal No. 4: EQT AB (publ) to Acquire Coller Capital Ltd. for USD 3.70 Billion
Deal No. 5: The Clorox Company to Acquire GOJO Industries, Inc. for USD 2.25 Billion
Deal No. 1:
Deutsche Börse AG to Acquire Allfunds Group plc for USD 6.19 Billion
Deutsche Börse has agreed to acquire wealth-tech firm Allfunds Group in a transaction valued at EUR 5.3 billion (USD 6.19 billion). The combination is expected to expand the group’s geographic presence, strengthen client reach, and bring together complementary capabilities across fund distribution and post-trade services.
Allfunds Group operates a global digital platform that links asset managers with banks, wealth managers, and financial advisers. Its services support fund distribution, execution, and analysis, supported by tools for fund dealing, data insights, and portfolio reporting. The platform connects more than 1,400 fund partners with over 900 distributors across 66 countries, positioning Allfunds as a key intermediary in the global fund distribution ecosystem.
The transaction aims to integrate Allfunds’ distribution platform with Deutsche Börse Group’s Clearstream Fund Services, combining distribution, custody, and settlement capabilities. The businesses show strong complementarity across products, client segments, partner networks, and core markets, creating a platform aligned with structural growth trends shaping the asset and wealth management industry.
The acquisition is expected to generate cost efficiencies and service enhancements across fund distribution, custody, settlement, data solutions, and regulatory reporting. Operational synergies are anticipated through the consolidation of regulatory, IT, and central functions under a unified operating model. Over the mid- to long-term, the combined business is projected to support double-digit revenue growth.
Completion of the transaction is expected in the first half of 2027.
Deal No. 2:
Capital One Financial Corporation to Acquire Brex Inc. for USD 5.15 Billion
Capital One is set to acquire fintech startup Brex in a cash-and-stock transaction valued at USD 5.15 billion, a move that strengthens the bank’s position in the corporate and business payments space. The deal positions Capital One to deepen its engagement with business clients by expanding beyond traditional credit card offerings.
Founded in 2017, Brex provides corporate cards, spend management software, and cash management solutions tailored to startups and fast-growing companies. Its platform enables businesses to control expenses, automate financial workflows, and manage payments more efficiently, with credit decisions based on company performance rather than founders’ personal credit histories. Brex also leverages AI-driven automation to reduce manual expense tracking and accounting processes.
The acquisition aligns with Capital One’s long-standing objective to build a technology-focused payments business. Adding Brex’s capabilities expands Capital One’s reach in the business payments segment and enhances its ability to serve corporate clients with more integrated digital solutions.
Combining Brex’s technology with Capital One’s scale, customer base, and financial resources is expected to support faster growth and broader adoption than Brex could achieve as a standalone company.
The deal is expected to close in mid-2026, subject to customary regulatory approvals. BofA Securities acted as financial advisor to Capital One, while Centerview Partners served as financial advisor to Brex.
Deal No. 3:
Arise Digital Technology Company Limited to Acquire True Corporation Public Company Limited for USD 3.92 Billion
Norway-based telco group Telenor has agreed to sell its 30.3% stake in Thailand’s True Corporation to Arise Digital Technology Co., a company owned by True Corp chairman Suphachai Chearavanont. The transaction values the stake at approximately NOK 39 billion (USD 3.92 billion).
Under the agreement, Telenor will initially divest a 24.95% interest in True, followed by the sale of its remaining 5.35% stake two years after the first transaction closes.
True Corporation is a Thailand-based telecommunications provider offering mobile, broadband, and digital services to both consumers and enterprises. Created through the merger of True Corp and Total Access Communication (dtac), the group operates under the True and dtac brands and serves around 60 million customers across its mobile, broadband, and digital platforms.
The transaction forms part of Telenor’s broader strategy to simplify its structure and focus on core markets, effectively marking its exit from Thailand after roughly 25 years of operations. Completion remains subject to customary regulatory approvals and closing conditions, with the initial phase of the transaction expected to be finalized in the coming months.
Deal No. 4:
EQT AB (publ) to Acquire Coller Capital Ltd. for USD 3.70 Billion
EQT is acquiring UK-based private equity firm Coller Capital for up to USD 3.7 billion, marking its entry into the private equity secondaries market. The transaction includes an upfront payment of USD 3.2 billion, with up to USD 500 million contingent on the achievement of specific performance milestones, and reflects EQT’s broader effort to expand its private markets platform.
Founded more than 35 years ago, Coller Capital is a dedicated secondaries investment firm with a long-standing presence in the sector. The firm manages multiple funds and provides liquidity solutions to institutional investors globally across buyout, growth, and venture-backed private equity assets. Headquartered in the UK, Coller Capital employs around 330 professionals, including 77 investment specialists, across 11 offices worldwide.
By adding Coller Capital’s platform, EQT gains a meaningful foothold in a segment of the private markets industry that has grown rapidly in recent years and is expected to continue expanding through the decade. Coller’s global reach, investment expertise, and long-standing client relationships complement EQT’s existing operations and enhance its ability to offer a broader set of solutions to institutional clients.
The deal is expected to close in the third quarter of 2026. UBS is acting as financial adviser to EQT, while International plc is advising Coller Capital.
Deal No. 5:
The Clorox Company to Acquire GOJO Industries, Inc. for USD 2.25 Billion
Clorox is strengthening its presence in the health and hygiene segment through the acquisition of Gojo Industries, the company behind the Purell brand, in an all-cash transaction valued at USD 2.25 billion. The deal expands Clorox’s exposure to hand hygiene products across both consumer and professional markets.
Gojo Industries focuses on skin health and hygiene solutions and has built its business around hand-cleaning products used in commercial, healthcare, and institutional settings. The company generates nearly USD 800 million in annual revenue and has delivered consistent mid-single-digit growth in recent years. A substantial share of sales comes from business customers, supported by a broad distributor network and an installed base of approximately 20 million dispensers that drive recurring demand.
The combination pairs Clorox’s scale, innovation, and distribution network with Gojo’s established B2B platform, supporting broader consumer adoption of Purell while strengthening Clorox’s professional segment through Gojo’s institutional reach.
The acquisition aligns with Clorox’s IGNITE strategy and is expected to be earnings accretive, further reshaping the company’s portfolio toward more stable and profitable categories.
The transaction is expected to close before the end of Clorox’s fiscal year 2026, subject to customary closing conditions. Centerview Partners LLC is advising Clorox, while Harris Williams LLC is acting as financial adviser to Gojo Industries.
This concludes our M&A news coverage of the top global mergers and acquisitions deals for the week of January 19 to 25, 2026. For continuous and detailed insights into the evolving landscape of M&A news, we invite you to follow the Institute for Mergers, Acquisitions, and Alliances (IMAA).
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