OVERVIEW

Highlights from our December 2025 Valuation Barometer, covering deals and valuation multiples in UK M&A in November 2025. Request the Executive Summary below.

HIGHLIGHTS

As of the publication date, 376 UK M&A deals were announced in November 2025. In addition to the most up-to-date figure at the time of publication, we also report an estimated total for the month, which includes a provision for deals completed during the month but not reported until after the report cut-off date.

DEAL COMMENTARY

The largest deal was Investindustrial’s acquisition of TreeHouse Foods for £2.2 billion.

SPOTLIGHT TRANSACTIONS

Other deals during November included:

• Daily Mail and General Trust’s (DMGT) acquisition of The Daily Telegraph for £500 million.
• Fairbanks Morse Defence’s acquisition of the Truflo Marie Business by IMI PLC for £225 million.
• Bridgepoint’s acquisition of HT.digital for £200 million.

The smaller end of the market witnessed the following deals:

• Zotefoams PLC’s acquisition of Overseas Konstellation Company S.A (OKC) for £32 million.
• Team PLC’s acquisition of WH Ireland for £12.7 million.
• Begbies Traynor’s acquisition Kirkbry Diamond for £8.25 million.

Request the executive report below. Please contact doug@marktomarket.io to discuss access to the full list of deals in the MarktoMarket Valuation Barometers.

For the full list of previous Barometers – visit our reports page.