Deal type · November 2026

Leveraged & acquisition finance: deal monitor

Dated leveraged & acquisition finance deals over the last 12 months: how many, which practices staffed them, which industries they served and which firms advised.

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01 The numbers

The last 12 months: November 2025 to October 2026

776
Dated deals, 12 monthsNovember 2025 to October 2026
+18.8%
Year on yearSettled 12-month windows
$1,400m
Median disclosed value
327
Distinct clients
02 Reading the data

What the data show

Sartori & Partners data count 776 dated deals of this type from November 2025 to October 2026. On settled windows the deal count went from 653 to 776, up 18.8% year on year. The deal market as a whole moved +10.6% over the same windows.

Leveraged & acquisition finance deals by year

2026 runs to October.

By practice, Banking & Finance is involved in 91.9% of these deals and Corporate & M&A in 4.6%. By client industry, Financial Sponsors is involved in 23.8% of these deals and Banks & Financial Institutions in 11.3%.

Share of deals involving each client industry

Deal value was disclosed on 30.5% of them; where disclosed, the median was $1,400 million. 327 distinct clients appear across the window.

Share of deals involving each practice

First among advising firms is Latham & Watkins, with deals in the 101-150 band.

For a firm building in leveraged & acquisition finance, deal flow is the demand signal: a practice that wins this work needs the partners to staff it.

03 Firms

Firms by rank and band

Each firm appears as a rank and a band, never an exact count, and only with at least 10 moves in the window.

Advising firms ranked by deals, 12 months
RankFirmDeals (band)
1Latham & Watkins101-150
2Cahill Gordon & Reindel61-100
3Milbank41-60
4White & Case21-40
5Kirkland & Ellis21-40
6Goodwin Procter21-40
7Hogan Lovells Cadwalader21-40
8Davis Polk & Wardwell21-40
9A&O Shearman21-40
10Paul Hastings21-40

Edition November 2026. Window: November 2025 to October 2026. Source: Sartori & Partners, from public law-firm announcements, firm websites and professional profiles, checked monthly. Methodology. Spot an error? [email protected].

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