ADVENS acquired by PARQUEST CAPITAL & CAPZA

Bain Capital entered into exclusive negotiations to acquire Inetum from the Qatari group Mannai Corporation. The transaction valued the group at approximately EUR2.27 Billion. The goal of this LBO is to accelerate Inetum's international expansion and support its buy-and-build strategy to become a leading player in the European IT services market.

Partners Group has agreed to acquire a majority stake in atNorth Holding AB from its existing shareholder group with the objective to transform atNorth from an Icelandic-centric operator into a leading pan-Nordic data center provider. The transaction aligns with atNorth's strategic goal to accelerate its expansion across the Nordic region, capitalizing on the rapidly growing demand for high-density and power-efficient data hosting driven by AI applications. At the time of acquisition, atNorth operated two major sites in Iceland (83MW committed capacity) and was finalizing a 11MW state-of-the-art site in Stockholm, Sweden

Adista and Unyc, both supported by Keensight Capital, have signed an exclusivity agreement for a strategic merger. This transaction creates a new national champion with a combined turnover of €220 million and 900 employees in 2021. Under the leadership of Group President Patrice Bélie, the two entities will maintain their operational specializations: Adista focusing on direct sales and Unyc on indirect/white-label distribution. Damien Watine, founder of Unyc, becomes a shareholder in the new holding company and continues to lead Unyc’s operations while joining the group’s executive board

The Fayat Group acquired 100% of NXO from Butler Industries. This acquisition comes six years after Butler rescued the company (then NextiraOne) from bankruptcy and successfully turned it around. Strategically, this deal is a game-changer for Fayat's Energy division. By integrating NXO, Fayat moves beyond traditional electrical installation to master the "data layer" of infrastructure. The goal is to become a fully integrated player in the "Smart City" and "Smart Building" markets, capable of delivering both the physical hardware (lighting, cables) and the digital intelligence (network management, cybersecurity) required by modern cities

Triton Partners has acquired a majority stake in Swiss IT Security Group (SITS) from Ufenau Capital Partners. The transaction values the company at over EUR450 million. This exit represents a phenomenal return for Ufenau, generating a 12x Money Multiple and an IRR of >150% in just 4 years. Management remains invested alongside Triton.

Axcel has successfully finalized the acquisition of a majority stake in ProData Consult from Polaris and the organization's founders, marking the sixth platform investment for its Axcel VI fund. This strategic transaction aims to accelerate the target’s growth trajectory to establish a leading European talent-centric platform for IT consultants. The strategic rationale for the move is rooted in the convergence of an increasingly buoyant market for specialized digital talent and the target’s proven capability to deliver scalable, high-end technical solutions through its proprietary IT infrastructure

Charterhouse Capital Partners acquired Labelium, a leading Paris-based digital marketing agency. This transaction marked a significant milestone, as Labelium had more than doubled in size since its previous acquisition by Qualium Investissement in 2018. Charterhouse outbid competitors IK Investment Partners and Naxicap Partners in the final round of bidding, which was managed by Cambon Partners. This acquisition enabled the exit of Qualium Investissement who had acquired Labelium in 2018 for EUR140 million, when the company's EBITDA was EUR11 million and revenue stood at EUR22 million

Infra Group has finalized its fourth LBO, with ICG stepping in as the new majority shareholder to support its next growth phase. Previously backed by Andera Partners, which remains an investor, the Belgian infrastructure specialist aims to accelerate its European expansion. The group focuses on strengthening its market position in multi-technical services through an active build-up strategy and organic growth across its core territories.

Keensight Capital has signed an agreement to acquire a majority stake in Adista, taking over from Equistone Partners Europe. The deal was structured via a preemptive offer, bypassing a planned auction process due to Adista's strong performance, having doubled its revenue since 2016. The current management team, led by Patrice Bélie, reinvested significantly alongside Keensight and a pool of minority investors including FEF (Mubadala and Bpifrance), GEI, and ILP. The transaction is financed by a unitranche facility provided by Idinvest

UK-based investment firm Intermediate Capital Group (ICG) has acquired a majority stake in Circet from Advent International in a third leveraged buyout (LBO). The deal values the French group +€3.2 billion, more than triple the valuation when Advent invested in 2018. This transaction is one of the largest private equity deals in the European telecom infrastructure sector this year. The sale process, led by Morgan Stanley and Natixis Partners, attracted interest from several prominent international funds, including BC Partners, Cinven, CVC Capital Partners, and Access Industries