PROGER acquired by GROUPE LACOUR

Septeo's acquisition of stp.one is a strategic move to consolidate the European legaltech market, particularly in the DACH region. This acquisition strengthens Septeo's position in German-speaking regions and countries, leveraging stp.one's established presence in these areas. With a workforce of 400 employees, stp.one offers a comprehensive range of integrated legal solutions, from workflow automation to AI-powered document management. The transaction, which is expected to be completed in the first quarter of 2026, is financed 50% through Septeo's equity and the remaining amount through a senior debt facility. This acquisition is a continuation of Septeo's external growth strategy, following several buy-and-build operations in recent years, notably in Spain and Portugal. The French company, which expects to generate €460 million in revenue this year, aims to significantly boost its international presence, with a substantial increase in foreign activity. The combination of Septeo and stp.one is also expected to generate operational synergies and enhance the company's ability to innovate and develop new solutions for its clients.

Magellan Partners signed an agreement to acquire Worldline's MeTS division and select Digital Banking activities for a total consideration of EUR410 million. This acquisition is transformative for Magellan, adding EUR450 million in revenue and expanding its workforce to over 6,700 employees. For Worldline, this disposal is part of a strategic plan to offload non-core assets and refocus purely on Payments.

PSG Equity has divested its majority stake in Sellsy, a French SaaS company, to Italian firm TeamSystem after a three-year holding period. This transaction marks the exit of PSG Equity and the entry of a new shareholder, TeamSystem, which aims to expand its offerings internationally, particularly in Europe. The deal will enable Sellsy to leverage TeamSystem's resources and expertise to accelerate its growth and strengthen its position in the enterprise management solutions market. TeamSystem's strategy is to continue developing Sellsy as a standalone company, maintaining the Sellsy brand and retaining the current management team, led by Victor Douek. This approach will allow Sellsy to preserve its identity and autonomy while benefiting from TeamSystem's support and resources. The acquisition is expected to be a strategic move for TeamSystem, enabling it to broaden its portfolio of enterprise management solutions and increase its presence in the European market.

Adikteev completed a EUR60 million LBO transaction (EUR30m of equity and EUR30m of debt) to reorganize its shareholding structure. The deal allowed the company's founders to regain majority control of the capital. This new LBO provided a full exit for early-stage venture capital investors Ventech (invested in 2012) and Ring Capital (invested in 2017), as well as several business angels. The operation was supported by Agila Capital and a syndicated senior debt coordinated by Arkea.

Griffin Gaming Partners acquired 100% of the assets and publishing rights of Playdigious from Fragbite Group. The transaction represents a significant "pavillon" shift from Swedish to American ownership and serves as Griffin's inaugural buyout deal. The strategic rationale centers on integrating Europe’s premier mobile porting service into Griffin's vast ecosystem to unlock global expansion opportunities for indie developers. Post-acquisition, the founding team—including Xavier Liard and Romain Tisserand—will remain to lead the business, while Griffin Operating Partner Tim Bender (CEO of Hooded Horse) has been appointed President to oversee strategic partnerships and scale the company’s porting capabilities.

In light of the reform of the professional training market in France, the management of Ymag (a software publisher specializing in professional training) wanted to structure a primary MBO to take over the company upon the retirement of its founder.

The acquisition of Predictice by Doctrine represents a landmark consolidation within the French LegalTech market, effectively merging the two primary domestic competitors to create a dominant national champion. This deal marks Doctrine's fourth strategic acquisition in two years, following the successful integrations of Legaltile, Jobexit, and Dejure, and signals a significant acceleration of its European growth roadmap. The strategic rationale for the deal centers on the creation of a large-scale, sovereign alternative to traditional legal publishers, leveraging combined R&D capabilities to maintain technological leadership in the burgeoning AI legal sector. By eliminating its main domestic rival, Doctrine reinforces its leadership position and increases its market penetration, particularly among mid-market law firms and corporate legal departments. For the broader market, this transaction highlights the rapid maturation and institutionalization of the LegalTech sector, where technical pioneers are aggregating to achieve the scale necessary for international competition.

Var Group, a subsidiary of Sesa, has completed the acquisition of a 20% stake in Albasoft, establishing put and call option mechanisms designed to facilitate the gradual acquisition of the entire share capital. This business combination is a strategic initiative under the Sesa 2026–27 industrial plan, designed to enhance the group's presence in the Digital Platforms and Vertical Applications segment. By integrating the target's specialized software for corporate treasury and financial flow optimization, the acquirer aims to create an integrated application scenario that bridges the gap between ERP systems and banking platforms. The strategic rationale is driven by the growing necessity for process standardization, automation, and real-time financial monitoring amidst rising interest rates and regulatory demands.

Private equity firm Abenex, alongside the management team, has successfully completed the divestiture of healthcare software publisher Inlog to Munich-based GENII Software Group. Orchestrated by investment bank Lincoln International, the transaction marks the exit of Abenex following a successful transformation period. The acquirer, GENII Software Group, is majority-backed by private equity sponsor Bregal Unternehmerkapital, with additional support from Elvaston. For the acquirer GENII Software Group, the buyout significantly strengthens its Laboratories division and consolidates its position as a leading European provider of specialized enterprise software. During Abenex's ownership tenure, Inlog doubled its revenues, completed three strategic acquisitions, and expanded its footprint into Germany and the Benelux region. Partnering with GENII will provide Inlog with the necessary scale and resources to accelerate international revenue growth and drive product innovation, particularly focusing on AI and cloud-based technologies.

Keensight Capital has signed an agreement to acquire a majority stake in Decision Focus from VIA equity and other existing shareholders. The leadership team of Decision Focus will reinvest alongside Keensight to maintain operational continuity. The strategic rationale for the acquisition is to accelerate Decision Focus’ international expansion and to integrate advanced AI technologies into its no-code GRC platform. For VIA equity, the sale represents a successful exit from its fourth fund after a three-year holding period marked by strong profitable growth. The transaction highlights the increasing demand for sophisticated compliance and risk management software in an era of heightened geopolitical tensions and regulatory scrutiny. Keensight will leverage its specialized expertise in the GRC software space to support the company in unlocking new growth avenues in the US and European markets.