IDEMIA SMART IDENTITY acquired by IN GROUPE

Thoma Bravo entered into a definitive agreement to acquire Verint in an all-cash transaction valued at an enterprise value of $2 billion. Common shareholders are to receive $20.50 per share, representing an 18% premium over the unaffected share price. The deal was structured as a reverse-triangular merger. Upon closing, Thoma Bravo intends to merge Verint with its existing portfolio company, Calabrio, to create the industry's broadest AI-powered CX platform. This consolidation aims to capture the significant opportunity in automating CX workflows for brands of all sizes.

Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire the remaining 9.9% minority stake in Nytt Foretak AS. This transaction follows HIS’s original acquisition of a majority interest and results in the group now controlling 100% of the target’s equity. The settlement for this stake is primarily being executed through an issuance of shares in HIS’s parent company, Hawk Infinity AS. In tandem with the minority acquisition, HIS has reached a final settlement regarding the contingent deferred consideration (earn out) for Nytt Foretak. A total of NOK 12.6 million will be paid to resolve all outstanding claims under this agreement, also primarily settled via parent company shares. This move aligns with HIS’s broader strategy of consolidating full ownership in its high performing portfolio companies where founders had previously retained minority interests. The acquisition of full control allows for deeper integration and strategic alignment as Nytt Foretak continues its rapid growth, which saw a 57% revenue increase and 99% EBITDA growth year over year as of June 2025.

Rocscience has completed the cross-border acquisition of 2SI, an innovative Italian provider of structural engineering software solutions. This transaction marks another corporate development for Rocscience, following its previous software acquisitions of DIANA FEA and 3GSM. Under the terms of the agreement, Rocscience will integrate 2SI’s technical expertise and proprietary software technologies directly into its existing global product portfolio. The transaction was driven via a bilateral process, ensuring full alignment between both corporate entities. The acquisition accelerates Rocscience’s international growth strategy by expanding its product capabilities outside its core geotechnical software domain and into the structural engineering software segment. By absorbing 2SI, Rocscience expands its suite of 2D and 3D engineering software solutions tailored for civil, infrastructure, mining, and construction professionals worldwide. The industrial synergy thesis centers on leveraging Rocscience’s extensive global customer base and commercial platform to scale 2SI’s reliable and productive structural tools. This cross-border integration reinforces Rocscience's market leadership and allows it to capture broader engineering software demand across Europe and international markets.

The transaction represents the 100% acquisition of Ansys by Synopsys, a transformational deal that unites two industry leaders to create a powerhouse in silicon-to-systems design solutions. Structurally, this acquisition combines the acquirer's pioneering semiconductor EDA capabilities with the target's broad, multi-physics simulation and analysis portfolio. This merger is driven by the increasing systemic complexity of intelligent systems, which necessitates a deeper integration of electronics and physics to ensure product reliability and performance. From a strategic perspective, this deal allows the combined entity to address a significantly expanded total addressable market, moving beyond core semiconductor design into attractive adjacencies such as automotive, aerospace, and industrial sectors. By fusing these highly complementary technologies, the combined organization can offer customers a more powerful, integrated approach to innovation, particularly in the development of AI-powered systems.

Groupe Baelen entered into a definitive agreement to sell a minority stake of less than 30% in its software subsidiary, SoftNext, to the family-backed investor Perwyn. This strategic partnership was established to reinforce the group’s acquisition engine and provide the professional expertise required to scale the organization toward a multi-billion euro valuation. While the operational management remains autonomous, the entry of new strategic capital is intended to refine the group’s consolidation processes and broaden its network of potential acquisition targets across Europe. The deal was structured to allow the parent group to retain control while benefiting from the sector-specific experience of a specialist investor in scaling technology platforms.

HAWK Infinity, a Norwegian investment company focusing on software companies in Scandinavia, has successfully acquired Digiseg, a Danish AdTech provider. The transaction is structured as a buyout where the existing management team and founders will retain their roles and continue to drive the operational business forward in a new strategic partnership with the sponsor. Clearwater acted as the exclusive sell-side financial adviser to the owners of the acquired entity. This transaction represents a highly strategic platform investment for HAWK Infinity, which operates with a long-term investment horizon. For the acquirer, securing a remarkably lean and highly scalable business with a proven post-cookie technology provides a significant competitive edge. The sponsor's deep industry expertise and available dry powder will serve to further support the company's existing growth trajectory, enabling accelerated market penetration and product development. The partnership allows the management team to leverage the acquirer's structural support and strategic sparring capabilities to navigate the next phase of expansion. This operation serves as a strong market signal regarding the ongoing sector consolidation within the digital advertising and AdTech verticals.

Proximus Group entered into a binding agreement to sell its 92.7% stake in Be-Mobile to Arrive for an enterprise value of EUR170 million. The transaction allows Proximus to complete its EUR500 million divestment program two years ahead of the original 2027 schedule, leading the group to raise its total asset disposal target to EUR600 million. For Arrive, the acquisition significantly strengthens its footprint in the Benelux region and expands its service portfolio through Be-Mobile's specialized big data and AI capabilities. The deal remains subject to approval by the Belgian Interfederal Screening Committee (CFI) for foreign direct investments.

This transaction involves the acquisition of an 80% majority stake in Visicon GmbH by Var Group, a strategic move designed to reinforce the acquirer's Enterprise Platform Competence Center and accelerate its internationalization in the DACH market. The business combination is driven by the demand for end-to-end digitalization of business processes within mid-market manufacturing enterprises. By integrating the target’s specialized SAP and EDI expertise, the acquirer strengthens its service portfolio and gains a new regional foothold, particularly in Germany and Austria. The rationale includes the cross-pollination of EDI and digital document flow solutions across the acquirer’s broader European customer base, creating significant potential for revenue synergies.

Salesforce has entered into a definitive agreement to acquire Informatica for a total consideration of $8 billion. Under the terms of the agreement, Salesforce will pay $25 per share in cash to Informatica’s shareholders. This successful bid comes after a previous attempt in 2024, valued at approximately $11 billion, failed to materialize. Since that time, Informatica's market capitalization had decreased by 40%, allowing Salesforce to secure the asset at a more favorable valuation. Prior to this deal, the company was largely controlled by a consortium led by Permira and CPPIB, who took the firm private in 2015 before re,listing it in 2021. The strategic rationale for the acquisition is the deployment of a "performant and responsible agentic AI" platform. By combining Informatica’s data catalog, governance, and MDM capabilities with Salesforce’s Data Cloud, MuleSoft, and Tableau, the group aims to power its "Agentforce" initiative. This integration will allow autonomous agents to access high,quality, governed data to deliver more accurate and secure business outcomes.

Bain Capital acquired a majority stake in Softway Medical from Five Arrows and Naxicap Partners, valuing the group at an Enterprise Value (EV) above EUR1.0 billion. This landmark transaction marks a major transition for the French software publisher, aiming to transform a national leader into a pan-European champion. The historical shareholders, Five Arrows and Naxicap, reinvested significantly alongside the management team.