March 2026 | Top M&A Deals in Emerging Markets by Region

Eastern Europe

A consortium comprising FedEx, Advent International, A&R Investments, and PPF Group has launched a recommended cash offer for the remaining 81% stake in Polish parcel locker operator InPost, valuing the shares at EUR 6.32bn. PPF will tender its 28.75% stake and reinvest to retain 10%. Post-deal ownership will be split between FedEx (37%), Advent (37%), A&R (16%), and PPF (10%), aiming to accelerate growth in Europe’s e-commerce logistics sector.

Latin America and the Caribbean

U.S. banking giant Citigroup has agreed to sell a 24% stake in Mexico’s Grupo Financiero Banamex for MXN 43bn (USD 2.5bn) to a consortium including General Atlantic, Afore SURA, BTG Pactual, Chubb, Blackstone, Liberty Strategic Capital, and QIA. The transaction is part of Citi’s strategy to prepare Banamex for a future IPO, strengthening its capital base and market positioning.

Emerging Asia

A consortium led by KKR, alongside Singtel, has agreed to acquire an approximately 82% stake in ST Telemedia Global Data Centres (STT GDC) from Temasek-owned ST Telemedia, valuing the company at SGD 13.8bn (USD 10.9bn). The equity portion of the deal amounts to SGD 6.6bn (USD 5.2bn). Post-transaction, KKR will hold 75% and Singtel 25%. The acquisition builds on a prior SGD 1.75bn investment and aims to capitalize on surging demand for AI and cloud infrastructure, strengthening Singtel’s digital infrastructure strategy and reinforcing KKR’s exposure to high-growth, recurring-revenue data center assets.

For deeper M&A insights, explore the ISI EMIS Global M&A Monitor and subscribe to our LinkedIn Newsletter. You can also dive into regional M&A activity with our dedicated monitors for key markets such as ASEAN.