Article
October 27, 2025
The Q4 Forge Investment Outlook highlights a significant uptick in M&A activity during the third quarter of 2025, marking 51 closed transactions involving private companies listed on Forge’s marketplace — the highest quarterly total since Forge began tracking private company acquisitions in 2019. In addition to the completed deals, the report identified 10 announced acquisitions expected to close before year-end, reflecting sustained momentum in private-market consolidation.
