Review of M&A deals for 2025 "Changing of the Guard: Retail and FMCG overtook the Technology Sector in terms of the number of Transactions for the first time since COVID-19"

February 27, 2026, Moscow – Aspring Capital presents an Overview of the Russian M&A market for 2025. The team analyzed public transactions worth at least 1 billion rubles based on data from its own database of transactions for 2025. In the review presents our view on the current market situation, an overview of the landmark deals of the past year, tax and legal trends, as well as expectations for 2026.

An overview and database of public M&A transactions for 2024-2025 are published in our telegram channel

Find out more in the RBC publication

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Review of M&A deals for 2025 "Changing of the Guard: Retail and FMCG overtook the Technology Sector in terms of the number of Transactions for the first time since COVID-19"

Aspring Capital experts spoke at an open online Lecture for Students of The Experts: School of Finance

The Director of Aspring Capital spoke at a Meeting of the Retail Committee at the Franco-Russian Chamber of Commerce and Industry

Aspring Capital's annual Career Day will be held on February 11 at the Safmar Aurora Suite in Moscow

Aspring Capital is now accepting Applications for its Annual Paid Internship Program for Students

Aspring Capital Acted as Rive Gauche's Financial Advisor in the Sale to Wildberries & Russ

Director of Aspring Capital delivered a Speech at the 8th Annual "Private Equity and M&A" Conference

Aspring Capital held its annual Light Industries Day, an exclusive event for shareholders and senior executives

Aspring Capital Acts as Exclusive Financial Advisor to the Owner of SOKOLOV in Sale to Private Investor

Aspring Capital Managing Partner Leads M&A Discussion at CEO Forum

Aspring Capital held its annual Tech Day, an exclusive event for shareholders and senior executives of leading tech companies

Managing Partner of Aspring Capital sat down for an interview with RBC

Review of M&A deals for 2025 "Changing of the Guard: Retail and FMCG overtook the Technology Sector in terms of the number of Transactions for the first time since COVID-19"

Aspring Capital experts spoke at an open online Lecture for Students of The Experts: School of Finance

The Director of Aspring Capital spoke at a Meeting of the Retail Committee at the Franco-Russian Chamber of Commerce and Industry

Aspring Capital's annual Career Day will be held on February 11 at the Safmar Aurora Suite in Moscow

Aspring Capital is now accepting Applications for its Annual Paid Internship Program for Students

Aspring Capital Acted as Rive Gauche's Financial Advisor in the Sale to Wildberries & Russ

Director of Aspring Capital delivered a Speech at the 8th Annual "Private Equity and M&A" Conference

Aspring Capital held its annual Light Industries Day, an exclusive event for shareholders and senior executives

Aspring Capital Acts as Exclusive Financial Advisor to the Owner of SOKOLOV in Sale to Private Investor

Aspring Capital Managing Partner Leads M&A Discussion at CEO Forum

Aspring Capital held its annual Tech Day, an exclusive event for shareholders and senior executives of leading tech companies

Managing Partner of Aspring Capital sat down for an interview with RBC