The first place in the ranking of industries in the M&A market for November 2025 was taken by information technology (IT, with a market share of 52.3%) with a single but very large transaction of $1.9 billion, which is 37 times higher than the total of the same month in 2024. This is stated in the bulletin "Market of Mergers and Acquisitions" of the AK&M News Agency (issue No. 333).
The only deal of the month was the purchase of Semrush, a company based in the Russian Federation, the buyer was the American Adobe (see below). This is the biggest deal of November.
Financial institutions also came in second place with a single transaction worth $830.9 million, whereas in November 2024, AK&M analysts did not record transactions in the industry. The M&A market share in the industry was 22.9%. The only deal of the period was Alfa-Bank's purchase of a large Europlan leasing company. The transaction turned out to be the second largest in the reporting period.
Services came in third place (market share — 6.6%) with 5 transactions worth $240.5 million, which is 1.9 times lower than the total in November 2024. The largest deal of the month was the purchase of the Family Doctor clinic chain, which was bought by the European Medical Center (EMC) group for an estimated $172.6 million. The deal took the third place in November.
In fourth place at the end of the reporting month was mechanical engineering (market share — 5.2%) with 3 transactions worth $187.5 million, an increase of 10 times compared to the total in November 2024. The largest transaction in the industry was the purchase of an automotive company — Gazprom's structure bought 51% in the car manufacturer Aurus for an estimated $155.6 million.
The fifth place in November was taken by construction and development with 8 deals worth $180 million. This is 4.5 times lower than the total for the same period in 2024. The industry's market share in terms of volume was 5%, and in terms of the number of transactions it was 25.8%. The largest transaction of the reporting period was the sale by the First Model Printing House of a number of buildings and squares in Moscow for an estimated $60.4 million.
Read more about the results of the M&A market in issue No. 333. Subscribers of the newsletter have been provided with a complete database of M&A transactions with Russian assets for free since 2012. You can subscribe to the newsletter at the agency's office by sending an application to ma@akm.ru and through the Ural Press subscription agency (subscription index - 011670).
All the agency's newsletters and the database of deals can be found in the AK&M Analytical Newsletters and Research Store.
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