PROCARE SOLUTIONS acquired by ROPER TECHNOLOGIES

Lightspeed Venture Partners has led a $64 million Series B financing round for Intenseye. The investment represents a significant capital injection aimed at accelerating the company's product development and global market expansion, following a period of strong customer adoption among large-scale industrial enterprises. The investment thesis is driven by the significant disconnect between increasing global safety regulations and the archaic, manual nature of current EHS software. Lightspeed identifies Intenseye as a unique operator capable of delivering immediate, tangible ROI through a proactive safety paradigm. The capital will support the scaling of the platform’s technical capabilities and the expansion of its footprint in adjacent verticals such as audit management and quality control, supporting a vision of a unified global industrial safety standard. This deal acts as a signal of the growing institutional interest in applying AI and computer vision to industrial automation. It underscores a shift in EHS spending away from simple reporting tools toward predictive, real-time analytics platforms.

Eyelit Technologies, a portfolio company of Banneker Partners, has completed the 100% acquisition of Optessa Software. The transaction serves as a strategic tuck-in to expand Eyelit’s product portfolio, adding critical planning and scheduling capabilities to its existing execution-focused software suite. The acquisition represents a move toward "closed-loop" manufacturing, unifying planning (Optessa) with execution (Eyelit). By integrating Optessa’s AI-powered scheduling engine with its MES and quality management platform, Eyelit aims to offer a more holistic and predictive solution to industrial customers. The rationale centers on solving the "disparate system" problem; unifying these workflows allows manufacturers to bridge the gap between high-level operational planning and real-time factory-floor execution, resulting in greater agility and reduced production lead times.

Sogelink acquired Geopixel, marking its fourth acquisition in two years. This targeted transaction allows Sogelink to integrate a specific "brick" of expertise: converting field topography data into 2D plans. The strategic rationale is driven by cross-selling, as Sogelink plans to deploy Geopixel's solution across its extensive portfolio of 20,000 clients.

This primary growth capital transaction establishes a new capitalization structure for Asys, installing CAPZA as the lead minority institutional shareholder while ensuring that CEO Anne-Sophie Kieffer maintains majority equity control alongside an expanded group of key senior managers who are accessing equity ownership for the first time. The transaction occurs at a strategic inflection point as the business seeks to fully migrate its legacy software installation base into a modern, high-margin multi-tenant subscription framework to maximize net revenue retention. Under its prior independent ownership model, the company expanded its financial perimeter by achieving a 20% average annual revenue growth rate over the past three fiscal periods while utilizing four programmatic bolt-on acquisitions to establish a market-leading footprint in the domestic workforce management segment. The investment funding is optimized through a combination of CAPZA’s growth equity capital and a new senior secured credit facility underwritten by commercial banks, preserving capital efficiency and providing immediate liquidity to execute future asset purchases. Post-acquisition capital allocation priorities are focused on funding organic engineering velocity to introduce advanced automated scheduling modules, executing targeted M&A to acquire adjacent HR technology modules, and launching a structured geographic expansion plan across European markets by leveraging CAPZA’s regional cross-border infrastructure.

Private equity sponsor Hg has agreed to a further investment to cement its majority ownership position in cloud software provider Visma. This equity syndication broadens the shareholder base through a secondary sale, welcoming approximately 20 new institutional backers, including Altaroc, Jane Street, and the NYC Retirement System. Concurrently, the existing investor consortium (comprising ICG, TPG, and Visma's management team) is rolling over capital to reinvest in the platform. As part of the corporate reshuffle, the legacy Hg Genesis 7 fund will fully exit its remaining position in the business. For Hg, maintaining its 17-year stewardship of the asset secures funding for Visma's ongoing cross-border market penetration. Following a recent geographical expansion into France, Germany, Portugal, Peru, and Iceland, the software group now operates across 28 countries. Having streamlined its business model in 2022 by divesting non-core IT consulting and cloud infrastructure divisions, Visma operates as a pure-play SaaS provider. Under the continued leadership of CEO Merete Hverven, the commercial roadmap focuses on leveraging this expanded institutional network to drive product innovation, specifically targeting AI-driven automation within its core accounting and ERP software solutions for SMBs.

CVC Capital Partners entered into exclusive negotiations to acquire a majority stake in Sogelink from Keensight Capital. Keensight, which had led the previous LBO in 2019, will reinvest alongside CVC to retain a significant minority stake. The process, managed by Raymond James, was competitive with interest from Silver Lake and Eurazeo. The transaction is supported by a robust debt package provided by Sixth Street, Blackstone, and Goldman Sachs. The roadmap focuses on accelerating organic growth and pursuing further M&A in Europe.

Amethis acquired a majority stake in CBS in a primary LBO transaction. The investment is designed to support the group's expansion and to accelerate the technological shift of its software suite towards SaaS and cloud-native models.

Septeo, a leading software publisher in Europe, announces the acquisition of the entire Sequoiasoft group (a software publisher for the hospitality industry). This acquisition allows the group to initiate sector diversification and accelerate its international presence, notably by establishing a significant foothold in Spain. Sequoiasoft had been under leveraged buyout (LBO) since 2019 with MBO+.

Keysight Technologies acquired 100% of ESI Group through a two-stage process. First, it purchased a 50.6% controlling block from the founding Rouvray family and historical shareholders at EUR155 per share. This was followed by a mandatory tender offer for the remaining shares at the same price. By early 2024, Keysight completed the squeeze-out and delisted ESI Group from Euronext Paris. The acquisition accelerates Keysight's strategy to shift its focus "left" into the design phase of the product lifecycle by integrating advanced predictive simulation and virtual prototyping into its design and test portfolio.

Conex, the leading French developer of customs and security management software, has opened its capital to 21 Invest France. This majority investment marks the second transaction of 21 Invest's sixth-generation fund. The group�s founders, Alban and Bertrand Gruson, are reinvesting significantly to lead an ambitious multi-year growth strategy.