Growth and continuity shape Q3 transactions
Deal activity I Q3 2026
In Q3 2026, our clients completed 67 transactions across M&A, fundraising and other corporate finance assignments. The deal stories reflect a shared priority: finding partners and resources to support growth while building on what makes each business valuable.
Cross-border deals accounted for 46% of M&A activity. Business Support Services and Construction & Engineering Services had the highest number of transactions per industry, followed by Consumer & Retail and Healthcare.
Many buyers sought specialist expertise, established customer relationships and access to new markets. For businesses joining a larger group, the opportunity was to bring their strengths to a wider customer base, supported by additional resources and investment.
For owners, choosing a partner also meant considering their own future role and the continuity of the business. Several transactions combined new investment with ongoing founder involvement, allowing owners to realize value while helping shape the next phase of growth. Culture, employees and customer relationships remained important considerations.
The quarter also illustrated different ways to meet funding and ownership needs. Alongside acquisitions and strategic partnerships, public-market fundraising supported expansion, while employee share sales provided liquidity without requiring a full sale of the business.
The transactions and client perspectives below explore how these priorities translated into decisions about growth, partners and ownership.
A selection of deals closed in Q3
Following a successful period of ownership, we are proud to hand Aweta over to Cibus Capital, who we believe is the right partner to support the company’s next growth phase. Through Standard Investment’s hands-on approach, together with management, we have strengthened the organization and built a robust platform ready to scale. We are confident that Cibus is the right partner to build on this foundation and leverage its deep industry expertise to take Aweta to the next level. We would like to thank the Oaklins team for their outstanding support in this very successful exit for Standard Investment. Their deep sector expertise, clear strategic vision and exceptional commitment enabled us to execute a highly competitive and well-structured process within an ambitious timeframe. Their pragmatic, hands-on approach and disciplined execution were instrumental in achieving this excellent outcome.GUIDO GROBBINK, PARTNER, STANDARD INVESTMENT
Working with the Oaklins S&W team was a fantastic experience from start to finish. They were always there when we needed them, incredibly knowledgeable and genuinely invested in getting the best outcome for us. They were also a great sounding board when we had difficult decisions to make, always giving us honest and thoughtful advice. We felt very well supported throughout the whole process and I wouldn’t hesitate to recommend Oaklins to anyone considering selling their business.AFSHEEN KHAN, MANAGING DIRECTOR, KATALYST DIAGNOSTICS LTD.
After more than five decades of building Karob Instrument, we wanted a partner that shared our commitment to quality, precision and customer relationships. The Oaklins Heritage team guided us through a comprehensive sale process, helping us identify the right buyer, create competitive interest and maximize shareholder value. Their support throughout the transaction gave us confidence that we had found the right steward for the business, creating exciting opportunities for our employees, customers and the company’s future.KARL WINDISCHMANN, ROBERT WINDISCHMANN AND ANDREA WRIGHT, OWNERS, KAROB INSTRUMENT, INC.
Joining Apogee marks an important next chapter for GroGlass, giving us the opportunity to become part of a financially strong, publicly listed company with a long track record of investing in innovation, operational excellence and people. It will provide GroGlass with additional resources, expertise and global opportunities to support our continued growth. Throughout this process, the Oaklins team has been a highly professional and trusted advisor. Their expertise, commitment and practical guidance were invaluable at every stage of the transaction, and I am very grateful for their support throughout the journey.SERGEJS KOSTJUČENKO, SENIOR VICE PRESIDENT OF EMEA, GROGLASS
We are proud of what we have built at Nymann and look forward to the next stage of our journey together with Serwent. Oaklins’ team in Denmark has been a valued partner throughout the process, combining professionalism with a strong understanding of our business, market and ambitions.LARS PEDERSEN, CEO, NYMANN KLOAK- & MILJØSERVICE
Oaklins’ sector expertise and detailed analysis helped highlight ITC’s value and growth potential. Their hands-on support throughout a complex process was invaluable. We thank the team for their dedication and contribution to the successful completion of the transaction.ALI KANTUR, CHAIRMAN OF THE BOARD, ITC
Finding the right partner for the next phase of Life & Mobility was about much more than completing a transaction. Oaklins took the time to understand our business, culture and ambitions, and presented us with several high-quality partners. Their commitment, perseverance and hands-on approach helped us make the right choice for the future of our company. Throughout the process, they were always accessible, supportive and genuinely invested in our success, giving us great confidence and comfort every step of the way.RENÉ PLOUM, CEO, LIFE & MOBILITY
Oaklins Intrepid was an invaluable partner throughout the transaction. Their team brought thoughtful guidance, disciplined execution and unwavering support throughout the process. We appreciate their commitment to our company and the role they played in helping us achieve a successful outcome.FRANK GIVEN, PRESIDENT AND CEO, HULCHER
Oaklins impressed us with their high level of professionalism, in-depth expertise and highly efficient approach. We greatly appreciated our collaboration and the smooth communication.ADRIAN UEBERSAX, MEMBER OF THE BOARD OF DIRECTORS, SWISS ESTATES AG
We appreciate the expertise Oaklins Heritage brought to this transaction. Their team’s understanding of our business and industry is unmatched, and they managed this sale efficiently from start to finish. Oaklins Heritage was instrumental in helping us identify the right partner and ensuring a successful outcome for our employees and customers as we move into this next phase of growth.PETE HEINKE, CHAIRMAN, JEMISON METALS
This acquisition is a logical step for us to expand our portfolio in a meaningful way and to sustainably strengthen our market position. It is particularly important to us to offer Trendmobil’s customers stability and continuity, while giving them access to a broader product portfolio. We will continue to supply these products responsibly and develop them in a targeted way.THOMAS BISCHOFF, MANAGING DIRECTOR, BISCHOFF & BISCHOFF
Hytek has built a strong business with high technical competence and a solid position in the market. The company’s expertise in hydraulics complements KIS very well, and we look forward to welcoming the team to the KIS group.BAARD HERMANSEN, COO, KRAN OG INDUSTRI SERVICE
We are a company that has grown by listening to the needs of the sector and responding with concrete solutions. After more than half a century of steady development, this strategic agreement with Kingspan will allow us to expand at a much faster pace across South America, while maintaining the quality, culture and commitment that define us.GUSTAVO BERNARDI, PRESIDENT, GRUPO LTN
This transaction represents an important milestone for Sten Jensen Gruppen. Throughout the process, the Oaklins team has been our trusted advisor, combining strong transactional expertise with a solid understanding of our business, ambitions and shareholder objectives. Their support and commitment have been invaluable in helping us achieve the right outcome for all parties involved.NICK LARSEN, PARTNER AND CO-OWNER, STEN JENSEN GRUPPEN AS
I would like to thank the Oaklins team for their tireless dedication and professional support throughout the process. We are very pleased to partner with Impilo, who shares our long-term ambitions for Heka Dental and brings the experience and resources required to accelerate our growth journey, including through strategic acquisitions.THOMAS STEEN NIELSEN, OWNER, HEKA DENTAL
We are delighted to welcome Transformation Capital as our new partner. Their entrepreneurial mindset, long-term vision and ambitions for GP-Connect make them an excellent fit for the next phase of our growth. Oaklins advised us with a pragmatic and result-driven approach, combined with a highly collaborative way of working. We look forward to building on GP-Connect’s success together.GIJS BRUINHOF AND PHILIP DEELEMAN, FOUNDERS AND SHAREHOLDERS, GP-CONNECT
We are very pleased that we chose Oaklins as our advisor throughout this important journey. Finding the right partner for your business is a significant milestone, and the Oaklins team supported us every step of the way, always striving to achieve the best possible outcome. We are delighted with the result and look forward to this exciting new chapter.SELMA ÖZKAN, FOUNDER AND CEO, KINDERNET
