CAT SISTEMAS acquired by EVERNEX

Thoma Bravo entered into a definitive agreement to acquire 100% of the share capital of Barracuda Networks in an all-cash transaction. This acquisition involved taking the publicly listed company private, removing its common stock from the New York Stock Exchange. The acquisition was driven by the desire to accelerate the growth of the target's security platform, which is purpose-built for highly distributed, diverse cloud, and hybrid environments. By transitioning to private ownership, the target gained the operational flexibility required to execute its long-term strategy and focus on innovation without the constraints of public quarterly reporting

Keensight Capital is acquiring a minority stake in I-TRACING from the founding managers. This primary transaction marks the entry of a financial partner to support the two founders, who remain the primary drivers of the business. The process was initiated to provide the company with the institutional backing and capital necessary to execute an ambitious roadmap for growth over the coming years. The investment strategy is specifically designed to accelerate the firm's international development and strengthen its position as an independent leader in a rapidly growing cybersecurity market

Evernex has completed a targeted platform optimization by executing the 100% acquisition of TTS France, marking a strategic build-up within its technical services portfolio. This transaction follows the concurrent cross-border acquisition of the Spanish IT infrastructure maintenance specialist, CAT Sistemas. The acquisition thesis centers on absorbing highly specialized, niche engineering capabilities rather than expanding the revenue base through large-scale market share. TTS France injects a rare technical expertise in repairing tape drives, library storage units, and high-value data backup systems utilized heavily by laboratories

Equistone Partners Europe signed an agreement to become the majority shareholder of Adista, acquiring the stake from historical founders and investors. The transaction involves the reinvestment of founding directors Gilles and Pascal Caumont, alongside the regional fund GEI and the Institut Lorrain de Participation (ILP). Approximately forty managers are also associated with the capital restructuring. This operation follows a period of hyper-growth for Adista, which saw its turnover increase from €30 million in 2012 to €75 million in 2016

The acquisition of a 100% stake in Ausy by Randstad France marks a significant strategic pivot for the group, establishing a dominant position within the European high-tech engineering and digital services sector. This transaction allows the organization to accelerate its expansion into specialized technical consultancy, moving beyond traditional staffing services into high-value research and development support. The strategic rationale centers on addressing the increasing complexity of industrial and digital infrastructure, where technical expertise is a critical driver of market competitiveness

The Carlyle Group has acquired a majority stake in Cap Vert Finance from Eurazeo PME in a bilateral (OTC) transaction organized by Shibumi Corporate Finance. The deal values the company at EUR137 million. This "Tertiary LBO" sees management reinvesting significantly to retain ~1/3 of the capital. Eurazeo PME exits after only two years with a 39% IRR. The acquisition is supported by a debt package representing 4-5x EBITDA, including mezzanine debt from Capzanine.

The acquisition of a majority stake in Exclusive Networks by a consortium led by Cobepa marks a significant milestone in the group's international expansion. This transaction facilitated the exit of Omnes Capital and Socadif, while Edmond de Rothschild Investment Partners (EdRIP) and the management team chose to reinvest alongside the new lead shareholder. The strategic rationale for the deal is centered on accelerating the group's trajectory toward becoming a global multi-billion euro entity. Having already established a dominant position in the EMEA region through a highly specialized service model, Exclusive Networks sought a partner capable of supporting its next phase of global consolidation

Altran has finalized the 100% acquisition of Nspyre, a move that establishes the group as the dominant technical consulting organization in the Benelux region. This strategic transaction marks a significant milestone in the group’s expansion strategy, moving beyond its core European markets to secure a leading position in the Dutch and Belgian technology sectors. The strategic rationale for the acquisition centers on the convergence of high-level software engineering and industrial automation capabilities, which are essential for the group’s "Intelligent Systems" and "Lifecycle Experience" solution sets

Gemalto has signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital. The transaction represents a full ownership transfer, bringing the specialized data protection company under Gemalto’s operational umbrella to form an integrated security powerhouse. The acquisition is strategically designed to bridge the security gap between the "edge" of the network—where Gemalto holds market leadership—and the "core" of the network, where SafeNet provides critical data and application protection

The strategic acquisition of Airial by Gfi Informatique marks a significant expansion of the group's operational footprint in France, reinforcing its multi-specialist technical profile. This move allows the organization to establish a dominant position within the public sector and financial services landscape, integrating a prestigious portfolio of institutional and corporate clients. The strategic rationale for the transaction is rooted in the acquisition of highly specialized technical capabilities in data migration and information system modernization, particularly for the pharmaceutical and insurance industries