N2F acquired by FTV CAPITAL

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.

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

TA Associates has entered into an agreement to make a strategic investment in smartTrade Technologies, facilitating the full exit of the previous majority investor, Hg. CEO / Co-Founder along with the broader management team, will reinvest significantly alongside TA to drive the next phase of growth. The strategic rationale for the deal centers on accelerating AI-driven product innovation, expanding smartTrade's global reach, and enhancing deployment flexibility in hosting and execution. Under Hg's five-year ownership (2020–2025), the company doubled its revenue, completed its first major North American acquisition, and established a scalable SaaS infrastructure

Pennylane has raised €75 million in a Series D funding round. The round was led by new US-based investors Meritech Capital Partners and CapitalG (Alphabet), joining existing backers including Sequoia, DST Global, and Partech. The strategic rationale for this capital injection is to prepare for the mandatory electronic invoicing reform in France, currently scheduled for late 2026/2027. This regulatory shift represents a massive market opportunity as 6 million French companies must select a certified invoicing provider

The acquisition of a controlling stake in Namirial represents a significant capital deployment by Bain to capitalize on the secular growth of the Digital Transaction Management market. This transaction sees the exit of the previous financial sponsor, marking the conclusion of a successful five-year holding period characterized by international expansion and extensive M&A activity. The investment thesis focuses on leveraging the existing market leadership in DTM and high-assurance digital services to accelerate further cross-border growth and product innovation

TXT e-solutions entered into a binding agreement to acquire 100% of IT Values S.r.l. to bolster its specialized "Smart Solutions" portfolio for the public sector. The transaction was structured with an 80% cash payment and a 20% stock payment in TXT shares to ensure the long-term alignment of the target’s leadership. This acquisition builds on existing commercial partnerships between IT Values and TXT's subsidiaries, WebGenesys and HSPI. Beyond the initial price, the deal includes a performance-based earn-out of up to €2

EQT and First Kraft jointly announced a voluntary public tender offer for all outstanding shares in Fortnox at SEK 90 per share, implying a total equity value of approximately SEK 54.9 billion. The offer represents an extremely high valuation in absolute terms, reflecting Fortnox's exceptional combination of sustained revenue growth exceeding 20% per annum, a ~54% EBITDA margin, and its dominant market position in Swedish SME financial software. First Kraft, as Fortnox's largest existing shareholder, participates as a co-bidder rather than a seller, reinforcing its long-term conviction in the business

Hawk Infinity Software (HIS) has entered into a definitive agreement to sell 100% of Jotta AS to a newly established strategic joint venture (SJV) owned 50/50 by HIS and Telenor. The Transaction involves the combination of Jotta with Telenor Software Lab AS (TSL), the provider of the "Min Sky" cloud service. The strategic rationale for the deal is to create a dominant Norwegian alternative to international cloud providers, boasting over 2 million active users and expected revenues exceeding 200 MNOK in 2025

Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire 100% of ROQC Data Management AS. The strategic rationale for the acquisition is to integrate ROQC’s high,margin subsurface data management technology into HIS’s expanding portfolio of industry,specific software. ROQC has demonstrated a strong track record of balancing top,line growth with improving profitability, currently generating LTM revenues of NOK 53 million and an LTM EBITDA of NOK 28 million. This move allows HIS to penetrate the energy and geoscience software vertical while benefiting from ROQC's established SaaS business model and its solid foundation for long,term growth

Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire 100% of Symplify Technologies AB. The deal structure includes a "contingent consideration" (earn-out) mechanism, where additional payments will be granted if Symplify meets ambitious free cash flow growth targets over the coming years. The strategic rationale for HIS is to integrate a market-leading customer engagement tool into its growing software ecosystem, capitalizing on Symplify's established presence in the FinTech and Sports-betting niches