CRAYON acquired by SOFTWAREONE

Evolver Equity has finalized the sale of 100% of Nordic BIM Group to the investment firm Hawk Infinity. This exit marks the end of a cycle for the Evolver Fund I, which transformed NBG through a proactive "buy-and-build" strategy. The operation resulted in doubling the Annual Recurring Revenue (ARR) and establishing a presence across the entire Nordic region. For Evolver, this transaction constitutes a major success, generating a Multiple on Invested Capital (MoIC) exceeding 5.0x, significantly surpassing the fund's initial objectives. Hawk Infinity takes over to support the next phase of growth, focusing particularly on the expansion of the LCA (Life Cycle Assessment) software suite as environmental standards tighten.

LeHibou completed its first strategic acquisition by taking over Adonys Security from the Adonys Group. This transaction is a key move to verticalize LeHibou's service offering in the high-margin cybersecurity market, aiming to grow this specific business unit from EUR12M to over EUR30M in revenue. The strategic rationale is based on immediate commercial synergies: LeHibou will cross-sell Adonys' deep technical security expertise to its existing portfolio of blue-chip clients who are facing increasing cyber threats. This acquisition marks LeHibou's evolution from a horizontal talent platform to a specialized IT services provider capable of managing complex, high-stakes technical projects.

Cinven has entered into exclusive negotiations to acquire a majority stake in Artefact, marking a strategic entry into the specialized data and AI consulting space. The transaction involves the acquisition of the platform to support its next phase of global development. The acquisition represents a high-conviction bet on the structural tailwinds within the data and AI consulting sector. For Cinven, the deal provides exposure to a scalable, global platform with a defensible, blue-chip client base. The investment thesis is centered on leveraging Cinven’s deep sector expertise in Business Services to accelerate Artefact’s growth trajectory, both through continued organic expansion and a proactive buy-and-build strategy to capture market share in a fragmented global landscape. This deal acts as a bellwether for institutional interest in high-end, pure-play data and AI service providers. It highlights a shift in private equity strategy toward acquiring specialized platforms capable of delivering end-to-end digital transformation, setting a benchmark for future valuation multiples in the consulting and professional services sector.

Truesec, a leading Nordic cybersecurity firm backed by private equity sponsor IK Partners, has entered into an agreement to acquire Banshie, a Denmark-based offensive security specialist. The transaction represents a strategic bolt-on acquisition aimed at expanding Truesec's local presence and technical capabilities in the Danish market. MCF Corporate Finance served as the exclusive financial advisor to Truesec throughout the transaction process. The transaction exhibits a compelling strategic rationale driven by the accelerating market shift from reactive to proactive cybersecurity defenses. For Truesec, this acquisition represents a highly value-accretive opportunity to integrate proven offensive security expertise, specifically in penetration testing and red teaming. By leveraging Banshie's specialized local team, Truesec aims to deliver incident response and mitigation times up to 30% to 40% faster than remote providers. This geographic expansion and capability enhancement align perfectly with Truesec’s broader objective of driving sector consolidation across the Nordic region to build a comprehensive, full-service security platform. This transaction acts as a strong market signal underscoring the increasing premium placed on specialized offensive security assets.

The transaction entails the majority stake acquisition of Delta Tecnologías de Información S.L. by Sesa S.p.A., acting through its subsidiary Var Group. This business combination is a strategic move to reinforce the group’s Digital Identity and Blockchain capabilities within the Iberian market. Structurally, the deal integrates the target’s specialized proprietary OCR, biometrics, and AI-driven data automation technologies into the acquirer’s established Digital Security and Blockchain competence centers. The strategic rationale is multifaceted: it expands the acquirer’s geographic footprint in Spain, adds highly specialized digital identity expertise to the portfolio, and creates operational synergies by leveraging the target's existing customer base in the hospitality and healthcare sectors.

After 22 years of independence, Acensi completed its first LBO with Azulis Capital taking a minority stake. The transaction facilitated a significant capital reorganization between the two co-founders (previously 50/50 owners): One sold his entire stake and exited, while the other took majority control. A pool of ~20 managers, including the newly appointed Deputy GM (Mathieu Vigneron) and CFO (Guillaume Blin), also invested. The deal is supported by a senior debt package arranged by BNP Paribas with a moderate leverage ratio (slightly above 2.0x EBITDA). The roadmap includes opportunistic acquisitions in France and existing international markets.

Perceva entered into a definitive agreement to acquire a majority stake in Adventiel, marking a major transition from its historical cooperative governance to a private equity-backed corporate structure. This strategic partnership was established to provide Adventiel with the financial firepower and managerial expertise required to scale from a regional leader in the Grand Ouest into a dominant national player in the AgTech sector. The transaction was motivated by the urgent need for French agricultural data players to consolidate in the face of rapid AI and Big Data revolutions while ensuring that data remains independent of foreign tech giants. Following the acquisition, the group aims to double its revenue by focusing on strategic digital services and expanding its national reach under the continued leadership of its existing management team.

Momentum, operating as a portfolio company of the US-based private equity fund Court Square Capital, has executed the acquisition of Secher Security. The transaction was structured as a strategic add-on investment to bolster Momentum's existing technological capabilities. This operation is highly value-accretive, designed to aggressively accelerate Momentum’s EMEA growth trajectory. Following the integration of Horizon Telecom in early 2024, deploying dry powder for Secher Security establishes a deeply complementary synergy. It cross-pollinates Momentum’s expansive network reach with Secher’s niche cybersecurity expertise, fulfilling a core strategic objective to deliver a comprehensive, globally integrated connectivity and security suite while solidifying market share in the Nordic region. This acquisition highlights the growing imperative for telecommunications providers to own proprietary security layers, setting a benchmark for future convergence plays in the rapidly shifting European digital landscape.

H.I.G. Capital has signed a definitive agreement to acquire a majority stake in TIMETOACT GROUP from Equistone Partners Europe. The transaction values the business following a period of rapid expansion where revenue and earnings tripled since 2022. The founders and key management team, including Felix Binsack, will reinvest significantly alongside H.I.G. to maintain operational continuity. Strategically, H.I.G. intends to leverage its global network to support TIMETOACT's continued international expansion and ambitious M&A strategy, building on the company's successful track record of integrating add-on acquisitions in the fragmented IT services market.

Var Group acquired a 60% stake in InnoFour B.V. to expand its digital engineering footprint into the Benelux and Scandinavian markets. InnoFour will be integrated into the Var Industries BU, which, following this transaction, expects to reach EUR65 million in annual revenue with a team of over 200 professionals. The four founding partners of InnoFour will remain operatively involved with equity commitments to ensure sustainable integration and growth. This deal reinforces Sesa's internationalization strategy, focusing on high-value "bolt-on" industrial M&A within the European manufacturing sector.