
Herbalife is pushing deeper into data-driven personalised nutrition globally now. The company plans to acquire certain Bioniq assets, with Europe and the US first in line for the rollout.

NatWest has agreed to sell Mentor to Empowering People Group. The bank will keep referral access in place while the consultancy moves to a specialist owner in the second half of 2026.

Octopus Energy acquires majority stake in Uplight for US expansion. The acquisition, in partnership with Schneider Electric, will address rising electricity demand due to data centres and electrification.

Deal confidence is rising faster than credit market trust can follow. A stronger M&A outlook now sits alongside strain in private credit, leaving boards to reconcile strategic ambition with harder questions about liquidity, underwriting, lender concentration, covenant quality, and whether the financing supporting a transaction is as durable as the deal thesis itself.

Bureau Veritas acquires UK sustainability firms to enhance services. The acquisitions aim to bolster its sustainable building and infrastructure capabilities in the UK, aligning with its LEAP | 28 Strategy.

Quantum Print enters a new ownership chapter with bank backing. Continuance Capital’s acquisition, supported by Allica Bank, is designed to accelerate growth at the West Midlands packaging manufacturer while keeping jobs and production local.

Scottish salmon producer shifts to employee ownership to secure succession. Marine Products (Scotland) has transferred ownership to an Employee Ownership Trust, placing the Glasgow-based salmon producer in the hands of its staff while ensuring continuity of leadership and long-term independence.

February’s US dealmaking was defined by conviction rather than volume. A $110bn media merger, a $34.5bn cable consolidation, and major transactions in banking, medtech, and payments infrastructure revealed a market pursuing scale — with regulators, financing, and integration now central to execution.

Europe’s February M&A rewarded scarcity, scale, and defensive cashflows. Italy’s MPS pursued Mediobanca in a €16bn tie-up. InPost drew a €7.8bn offer as buyers chased large last-mile platforms. Blackstone and EQT agreed to buy Urbaser for $6.6bn, Germany took a TenneT stake, and Henkel moved for coatings group Stahl.

February’s UK dealmakers chased scale, stability, and strategic scarcity again. Engie’s £10.5bn agreement for UK Power Networks led the month, while Nuveen’s £9.9bn purchase of Schroders underscored pressure for asset-management scale. NatWest bought Evelyn Partners, nexfibre consolidated fibre via Substantial, and Brookfield-backed Radiant merged with London’s Ori in late February.