MAITE AI acquired by DOCTRINE

The founders of Rivalis-Henrri have bought back the 20% stake held by Ardian Growth. This transaction is a classic sponsorless management buyout, marking the complete exit of the private equity fund that had supported the company since its delisting several years prior. The founding management team effectively leveraged a comprehensive senior debt package, syndicated by a consortium of historical banking partners, to repurchase all outstanding externally held shares and regain total corporate control. Crucially, the carefully structured debt facility simultaneously secures vital capital reserves specifically earmarked to trigger the company's inaugural inorganic growth phase. While reclaiming full independence today, the leadership remains open to future capital partnerships once their upcoming acquisition roadmap matures.

Wonderful has raised €129.8 million ($150 million) in a Series B funding round, valuing the company at €1.7 billion ($2 billion). The round was led by Insight Partners, with significant follow-on participation from existing investors including Index Ventures, IVP, Bessemer Venture Partners, and Vine Ventures. The strategic rationale for the deal is to fund Wonderful's aggressive global expansion and the scaling of its "forward-deployed" workforce, which is projected to grow from 350 to 900 employees by the end of 2026. This funding follows a €86.5 million Series A in November 2025, highlighting the company's hyper-growth trajectory since emerging from stealth in mid-2025. The fresh capital will be used to further invest in the agentic platform and serve a growing list of multinational enterprises across Europe, the Middle East, APAC, and Latin America.

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.

Cision acquired 100% of Trajaan to integrate advanced search intelligence and LLM analysis into its media intelligence suite. The deal follows a competitive process involving three potential buyers. The transaction provides an exit for the founders and business angels (who invested EUR650k in 2023). Trajaan will retain operational autonomy within Cision to leverage the group's massive distribution network. The valuation includes performance-based earn-outs over the coming years.

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. Verto may take a controlling stake if a transformative acquisition is finalised in the coming months. Crystal Group retains a small residual minority position.

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 investment thesis centers on driving cross-border expansion and product diversification through a powerful dual-sponsor model. For Arche MC2, the strategic rationale focuses on leveraging Montefiore Investment’s established institutional presence and localized operational networks in Italy and Spain to accelerate international market penetration. Concurrently, the post-closing corporate roadmap prioritizes expanding the platform’s core software capabilities and product features—specifically targeting advanced modules in human resources (HR), payroll processing, and regulatory compliance—to maximize customer lifetime value and capture a broader share of the enterprise software market.

Harvest has successfully finalized the acquisition of 100% of the share capital of Firstance, following its previous international expansion into the DACH region. The strategic rationale for this transaction is to create a unified European WealthTech champion by merging Harvest’s leading position in wealth management software with Firstance’s dominant digital distribution platform for life insurance. This alliance allows the combined entity to offer a comprehensive, cross-border technological suite to financial institutions across more than 30 jurisdictions. By entering the Italian market, Harvest significantly scales its geographical footprint and diversifies its product offering into the private insurance vertical. The integration aims to leverage human and technological synergies to meet the rising demand for sovereign European financial software solutions, providing a highly differentiated and sophisticated digital experience for wealth management professionals and their end-clients across the continent.

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.

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.

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).