FIRSTANCE acquired by HARVEST

Extens structured a majority MBI to merge Orthalis and Dentalsoft into a new holding entity called SignalSoft Developpement. The project is led by Laurent Urien (CEO), who takes over from the exiting founders. The merger aims to create a dominant French platform with over EUR20M in revenue, focused on product innovation and international expansion into Switzerland, Italy, Spain, and Portugal.

Verto Growth acquired Reflexion Capital's minority stake in MyTower, becoming the new reference minority shareholder behind the majority management team. The sale process was managed by Rothschild & Co. Reflexion Capital exits with a gross money-on-money multiple of 4x and a net IRR of 38.7%, representing its first-ever portfolio exit. Verto's investment thesis centres on MyTower's modern technology stack, its strong positioning in the growing shipper TMS market, and its potential to become a reference European software platform through an active build-up strategy

Corilus acquired Sofia Developpement. This strategic cross-border merger creates a leading Franco-Belgian player with 70,000 users. The transaction marks a successful exit for IK Partners, which nearly doubled the company's valuation in two years through organic growth and key acquisitions (LogicMax, ComptaSante).

Veritas Capital has acquired a majority stake in Global Healthcare Exchange (GHX), a leading supply chain software platform powering mission-critical connectivity between healthcare providers and suppliers. The acquisition will support the acceleration of GHX's growth strategy, with Veritas joining existing shareholders Temasek and Warburg Pincus. The strategic rationale behind the acquisition is to support GHX's vision of creating a more efficient, resilient, and interconnected healthcare system

Pennylane raised EUR175M in a Series E funding round led by TCV and Blackstone. This round valued the company at approx. EUREUR3.5B. The funds are earmarked for product innovation (notably AI features) and accelerating market penetration among accounting firms.

Siemens acquired ASTER Technologies to create a comprehensive "shift-left" design-to-manufacturing flow for printed circuit board assemblies (PCBA). By integrating ASTER's DFT and test coverage analysis tools, Siemens enables customers to detect defects earlier in the design cycle, reducing costs and accelerating time-to-market. The move addresses the growing complexity of 5G and automotive electronics, where safety and reliability standards are increasingly stringent. ASTER will be integrated into Siemens' EDA (Electronic Design Automation) business unit

Montefiore Investment has entered into exclusive negotiations to acquire a joint-controlling equity stake in Arche MC2, forming an equal 50/50 partnership with the company's historical financial sponsor, Activa Capital. Choosing not to execute a full exit at this stage, Activa Capital has structured this co-investment framework to actively co-sponsor the platform's next growth cycle. Under the updated governance and capital structure, the internal management team will retain a minority equity stake, while Turenne Capital and Groupe Up will fully divest their respective holdings and exit the capital

The founders of Hipto bought back their independence from Olyn (Gimv-backed holding). The transaction values Hipto at ~EUR20M. Concurrently, Hipto completed its first build-up by acquiring Zone ADSL&Fibre, a telecom comparison platform. The goal is to reach EUR100M in revenue within 2 years by shifting value toward intentional and qualified leads in a post-cold calling era.

smartTrade Technologies has acquired kACE Financial to create a unified, multi-asset trading and payments platform. This transformational acquisition combines smartTrade’s low-latency SaaS infrastructure with kACE’s specialized expertise in FX derivatives and complex pricing analytics. The strategic rationale is to address the market's increasing demand for a single, integrated workflow that handles everything from simple spot trading to sophisticated structured products. Following the recent investment from TA Associates, this deal represents a major step in smartTrade's innovation roadmap, specifically accelerating its transition to a fully cloud-native, AI-driven offering

Upvest has successfully closed a $125 million (€115 million) funding round, valuing the company at approximately $735 million (€680 million). The transaction includes $90 million in equity financing led by BlackRock, alongside Sapphire Ventures, Tencent, and Bessemer Venture Partners, with additional discussions for a $35 million credit facility. The strategic rationale for the deal is to accelerate Upvest's path to profitability and support its target of exceeding €100 million in annualized revenue within the next 24 months