Monthly Dealtracker: February 2026

Energy & natural resources sector emerged as the strongest performing sectors in this month, with deal volumes rising sharply by 217%, while aggregate deal values increased by 3x compared to the previous month.

Retail & Consumer led overall deal activity, recording 63 transactions and contributing 23% of total volumes. However, despite the strong volume growth, aggregate deal value declined by 38%, resulting in a contraction in average deal size from USD 19 million to USD 7 million month-on-month, indicating a shift towards small-ticket transactions.

This sector emerged as the second-highest contributor to value in February, with Tech start-ups dominating, accounting for 81% of total sector value and 56% of volumes, largely concentrated on AI-focused platforms.

Pharma, Healthcare & Biotech experienced strong acceleration, with deal volumes rising 94% and total values increasing 4.1x over the previous month. Three transactions exceeding USD 100 million supported higher capital deployment.

The Real estate sector exhibited a divergent trend, with deal volumes increasing 67% month-on-month, while values declined 15%. Despite the value moderation, the sector recorded two high-value transactions totaling USD 186 million, including an insolvency-led acquisition by the Amtek Group of the Supertech ORB project.

Banking & Financial Services retained its position as the third-largest contributor by value, recording 21 deals totaling USD 728 million, reflecting steady capital inflows.