NOMIOS acquired by KEENSIGHT CAPITAL

Constellation, a leading French IT services group specialized in cloud and cybersecurity, has announced a major fundraising round of over �116 million led by 3i. This transaction marks the exit of Qualium Investissement, which had supported the group since 2021. Historical investor Cap Horn Finance is reinvesting alongside founder Etienne Besan�on and his 32 partners, who together retain nearly half of the company's capital.

SNEF Group has acquired a majority stake in Alliativ, the controlling shareholder of Visiativ, with the ultimate objective of launching a mandatory tender offer for the remaining shares of Visiativ to achieve 100% ownership. This strategic corporate acquisition enables SNEF Group, a premier multi-technical services player, to significantly accelerate its digital transformation and strengthen its footprint in the Industry 4.0 landscape.

Koesio has structured an Owner Buy-Out (OBO) in which a consortium led by Montefiore Investment acquired a 25% minority stake in the group. Montefiore holds 16% of the capital, while the three banking partners each hold 3%. The founder and President, Pierre-Eric Brenier, along with CEO Gilles Perrot and key managers, retain the remaining 75% of the shares. The deal is supported by a senior debt facility provided by a banking pool, which includes dedicated lines for future acquisitions. This capital injection follows a period of hyper-growth where Koesio more than doubled its turnover from €415M in 2020 to €1.1B in 2023. The partnership aims to fuel further diversification, particularly in the telecommunications sector.

Thales has reached a definitive agreement to acquire one hundred percent of Imperva from the private equity sponsor Thoma Bravo through an all-cash corporate carve-out. This platform investment transitions the target from financial sponsorship to a long-term corporate structure, unifying two highly complementary portfolios. The strategic rationale for the acquirer is overwhelmingly compelling, fundamentally transforming its Digital Identity and Security division by seamlessly integrating robust application security and data-in-use protection capabilities with its existing expertise in data-in-motion protection. This strategic consolidation creates a comprehensive, world-class cybersecurity powerhouse capable of addressing an expanded addressable market while capturing substantial cross-selling opportunities across a shared, premium enterprise customer base. By executing this transaction, the acquirer solidifies its transition into a global cybersecurity leader, generating significant projected run-rate cost and revenue synergies.

Infra Group has completed its fifth LBO, with PAI Partners becoming the majority shareholder alongside ICG and Andera Partners. This strategic move aims to accelerate the Belgian group's expansion in the underground and surface infrastructure sector. By leveraging its diversified model, the company plans to pursue its ambitious build-up strategy, particularly in Germany, to benefit from the energy transition.

Cobepa finalises the sale of Scalian to Wendel for an enterprise value of �965 million. Wendel has invested �557 million in equity, holding an 82% stake in Scalian alongside the company's management.

A consortium of private equity firms led by Meanings Capital Partners, a firm with EUR1B AUM. They are joined by Amundi PEF and Africinvest, the latter supporting the group's expansion strategy in North Africa (Morocco).

Allurity, a premier European cybersecurity services group backed by private equity firm Trill Impact, has finalized the acquisition of Securix, a leading cybersecurity player based in the Benelux region. Securix specializes in Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Managed Detection and Response (MDR) solutions. This strategic bolt-on corporate transaction enables Allurity to expand its geographical footprint into the Benelux market and significantly strengthen its tech-enabled capabilities. The core investment thesis centers on building a dominant, integrated European cybersecurity powerhouse delivering end-to-end protection. By joining the Allurity platform, Securix will leverage an international scale and enhanced commercial synergies while retaining its distinct brand identity, executive leadership team, and operational excellence to meet accelerating corporate demand for robust digital infrastructure security.

HLD Europe acquired a majority stake in Infodis from LBO France. The transaction aims to support the management team in its new growth cycle, focusing on expanding the service portfolio in cybersecurity and cloud, while pursuing an active buy-and-build strategy.

The transaction involves the majority stake acquisition of CYRES Consulting Services GmbH by Var Group S.p.A. (a subsidiary of SESA), a deal designed to bolster the acquirer’s Digital Security division and scale its specialized automotive cybersecurity capabilities within the DACH region. This industrial partnership is primarily driven by the significant acceleration in digital security demand across the automotive sector, necessitated by the widespread adoption of electrification, vehicle connectivity, and stricter international compliance standards. Structurally, the acquisition provides the acquirer with a specialized engineering-centric team, effectively enlarging its European hub for digital security to 200 skilled professionals. The integration aims to optimize the synergy between IT security infrastructure and the specific, highly regulated needs of automotive manufacturers and their supply chains.