NOMADIA acquired by HG CAPITAL

The transaction involves the 100% acquisition of esco GmbH by Sandvik AB, integrating the target's specialized power skiving software into the acquirer’s Manufacturing and Machining Solutions division. This strategic acquisition is driven by the increasing shift toward electrification in the automotive sector, which is fundamentally changing manufacturing requirements for gears. Power skiving has emerged as a high-growth premium niche technology that provides superior productivity and flexibility compared to conventional machining methods, enabling significantly reduced cycle times. The integration allows the acquirer to bolster its portfolio with critical digital capabilities that directly support the design, production, and quality inspection of components essential for electric vehicle drivetrains.

Capza invested nearly EUR100M to acquire a 13% stake (via preferred shares) and refinance the group's debt. This transaction allowed the exit of Andera Acto. The founder, Christian Sabbagh, remains the majority shareholder (>70%). The deal aims to support Travelsoft's ambition to double in size within four years through massive European M&A.

EQT Private Equity, holding approximately 79% of SUSE’s shares, initiated a voluntary public purchase offer to acquire all remaining outstanding shares. The strategic objective is to transition SUSE from a publicly traded entity on the Frankfurt Stock Exchange to a private company. This move aims to provide the company with a stable environment to focus on long-term strategic execution and operational priorities, free from the constraints of public market quarterly reporting cycles. The transaction includes a complex financial structure involving an interim dividend paid to all shareholders, which facilitates the financing of the purchase. The management and supervisory boards support this strategic shift, viewing it as an opportunity to reinforce the partnership between EQT and SUSE’s leadership team. This transaction does not involve a squeeze-out; minority shareholders may choose to remain invested in the company in a private setting if they wish, though the offer is intended to facilitate full control for the majority shareholder.

Idox has finalized the acquisition of Emapsite to significantly bolster its geographic information systems (GIS) and geospatial data capabilities. This transaction represents a pivotal step in the group’s overarching data strategy, aiming to provide a more comprehensive suite of spatial intelligence tools to its existing client base in the public and asset-intensive sectors. The integration of the Farnborough-based specialist follows a series of previous acquisitions in the geospatial space, including Aligned Assets and thinkWhere, effectively creating a high-scale geospatial line of business that now accounts for a substantial portion of the group's total pro-forma revenue. The strategic rationale focuses on the high degree of complementarity between the two organizations' data service models. By combining specialized GIS data provision with industrial software solutions, the group creates robust cross-selling opportunities across the land, property, and public protection segments. Furthermore, the acquisition enhances the group's ability to serve high-growth verticals such as telecommunications and construction, where spatial data is essential for network planning and site development. This move consolidates the group's position as a primary technical partner for geospatial information management in the UK market.

Pollen Street Capital has acquired a majority stake in Assessio from Main Capital Partners. This transaction marks the culmination of a successful transformation phase where the company pivoted from a consultancy-driven model to a scalable SaaS business. The deal provides an exit for Main Capital, which tripled the company's revenue during its four-year holding period through aggressive international expansion and bolt-on acquisitions in the Benelux and Nordic regions. Pollen Street Capital intends to continue this "Buy-and-Build" strategy, supporting the management team to further consolidate the fragmented European assessment market and drive product innovation in AI-driven talent analytics.

The acquisition of Appli-Key by Santiane marks a strategic expansion of the latter's capabilities in the InsureTech sector, enabling the company to strengthen its market position and accelerate its growth. Through this transaction, Santiane aims to leverage Appli-Key's expertise in software development and digital solutions to enhance its own offerings and improve its operational efficiency. The deal is part of Santiane's broader strategy to diversify its business and expand its market footprint, driven by regulatory changes and evolving customer needs. By integrating Appli-Key's innovative solutions and talented team, Santiane seeks to create a leading player in the French insurance brokerage market, capable of delivering high-quality, tailored services to its clients. The acquisition is expected to generate significant synergies, driven by the combination of Santiane's industry expertise and Appli-Key's technological capabilities, and is financed through a combination of capital and debt raised from LGT Capital Partners and Tikehau.

Light & Wonder has entered into a definitive agreement to acquire SciPlay Corporation. This transaction results in the full integration of SciPlay as a wholly-owned subsidiary, leading to the delisting of SciPlay from the Nasdaq Global Select Market. The acquisition is intended to streamline the organizational structure of Light & Wonder, providing the necessary operational and financial strength to accelerate the company’s cross-platform strategy. By moving to 100% ownership, the firm expects to drive improved collaboration between teams, facilitating the development and deployment of engaging games across both digital and land-based platforms. This unified approach is designed to create a more seamless and best-in-class player experience. The move represents a consolidation of high-growth digital assets into the parent platform, signaling a broader industry trend where traditional gaming giants are aggressively integrating digital and mobile gaming developers to capture higher user engagement and recurring revenue.

TA Associates and Montagu acquired a majority stake in Harvest from Five Arrows (Rothschild & Co), which had owned the company since 2019. Five Arrows successfully delisted the company in 2020 (valued at EUR120M then) and executed a rapid build-up strategy. The deal was competitive, with interest from Wendel and Cinven, and was structured primarily as an equity deal.

Edenred acquired 100% of Reward Gateway. Strategically, this is a "platform expansion" play. Edenred aims to take Reward Gateway's proven technology (currently strong in the UK/Australia) and roll it out across its own massive footprint in continental Europe (France, Belgium, Germany, Italy, Spain, Romania). By integrating Reward Gateway, Edenred evolves from being a simple provider of "lunch money" to a holistic "Employee Experience" platform, offering a one-stop-shop for benefits, discounts, and corporate culture tools.

Summit Partners has finalized the landmark acquisition of a majority stake in Doctrine, representing the largest transaction to date in the French LegalTech ecosystem. The deal, valued above 100 million EUR, marks a significant entry for the US-based growth equity firm into the European legal intelligence market, utilizing its dedicated European investment vehicle. The transaction structure includes a minority reinvestment by Peugeot Invest, the family office of the Peugeot family, ensuring a continued French presence in the company’s capital. This strategic move facilitated the full exit of historical early-stage investors, including Kima Ventures and Frst, while allowing a significant portion of the company’s workforce to participate in the new equity structure. The strategic rationale for the investment is centered on accelerating Doctrine’s internationalization and supporting its expansion into European law services. Despite historical friction with traditional legal publishers, the company’s transition to institutional ownership validates its AI-driven model as a global industry standard.