SAFENET acquired by GEMALTO

Equistone Partners Europe signed an agreement to become the majority shareholder of Adista, acquiring the stake from historical founders and investors. The transaction involves the reinvestment of founding directors Gilles and Pascal Caumont, alongside the regional fund GEI and the Institut Lorrain de Participation (ILP). Approximately forty managers are also associated with the capital restructuring. This operation follows a period of hyper-growth for Adista, which saw its turnover increase from €30 million in 2012 to €75 million in 2016. The partnership is designed to scale Adista’s industrial model, enhance its commercial proximity, and fund its ambitious development projects in the B2B telecom and digital transformation sectors.

The acquisition of a 100% stake in Ausy by Randstad France marks a significant strategic pivot for the group, establishing a dominant position within the European high-tech engineering and digital services sector. This transaction allows the organization to accelerate its expansion into specialized technical consultancy, moving beyond traditional staffing services into high-value research and development support. The strategic rationale centers on addressing the increasing complexity of industrial and digital infrastructure, where technical expertise is a critical driver of market competitiveness.

The Carlyle Group has acquired a majority stake in Cap Vert Finance from Eurazeo PME in a bilateral (OTC) transaction organized by Shibumi Corporate Finance. The deal values the company at EUR137 million. This "Tertiary LBO" sees management reinvesting significantly to retain ~1/3 of the capital. Eurazeo PME exits after only two years with a 39% IRR. The acquisition is supported by a debt package representing 4-5x EBITDA, including mezzanine debt from Capzanine.

The acquisition of a majority stake in Exclusive Networks by a consortium led by Cobepa marks a significant milestone in the group's international expansion. This transaction facilitated the exit of Omnes Capital and Socadif, while Edmond de Rothschild Investment Partners (EdRIP) and the management team chose to reinvest alongside the new lead shareholder. The strategic rationale for the deal is centered on accelerating the group's trajectory toward becoming a global multi-billion euro entity. Having already established a dominant position in the EMEA region through a highly specialized service model, Exclusive Networks sought a partner capable of supporting its next phase of global consolidation. The competitive process involved numerous international private equity firms, reflecting the high market interest in the cybersecurity distribution sector. The new capital structure is designed to provide maximum flexibility for external growth, particularly in under-penetrated geographic zones. Under this new ownership, the group maintains its focus on disruptive technologies, leveraging its "Value-Added" platform to maintain superior margins compared to traditional volume distributors. The partnership also includes the implementation of a significant financing package to fund immediate capital expenditures and strategic add-on opportunities identified across the globe.

Altran has finalized the 100% acquisition of Nspyre, a move that establishes the group as the dominant technical consulting organization in the Benelux region. This strategic transaction marks a significant milestone in the group’s expansion strategy, moving beyond its core European markets to secure a leading position in the Dutch and Belgian technology sectors. The strategic rationale for the acquisition centers on the convergence of high-level software engineering and industrial automation capabilities, which are essential for the group’s "Intelligent Systems" and "Lifecycle Experience" solution sets. By integrating the target’s specialized workforce, the acquirer significantly bolsters its regional operational density, particularly in the Netherlands. The partnership is designed to leverage the target’s deep vertical expertise in industrial automation to serve a broader international client base. Furthermore, the integration allows for significant commercial synergies, as the target’s high-margin service profile is expected to enhance the group's overall profitability and earnings per share. This transaction reinforces the group's standing as a primary consolidator in the European engineering and R&D services market, enabling the delivery of comprehensive innovation advisory to complex industrial ecosystems.

The strategic acquisition of Airial by Gfi Informatique marks a significant expansion of the group's operational footprint in France, reinforcing its multi-specialist technical profile. This move allows the organization to establish a dominant position within the public sector and financial services landscape, integrating a prestigious portfolio of institutional and corporate clients. The strategic rationale for the transaction is rooted in the acquisition of highly specialized technical capabilities in data migration and information system modernization, particularly for the pharmaceutical and insurance industries.

The acquisition of Everis Group by NTT DATA CORPORATION is a strategic move to expand NTT DATA's global presence and enhance its IT services capabilities. The deal is part of NTT DATA's Medium-Term Management Plan, which aims to establish the company as one of the top 5 IT services firms globally. Through the acquisition, NTT DATA will gain access to Everis Group's large-scale and stable customer base, advanced consulting capabilities, and top-class personnel with expertise in system integration and outsourcing services. The acquisition will also enable NTT DATA to acquire Everis Group's business platforms in Spain and Latin America, and provide comprehensive IT services to its customers in these countries. Furthermore, NTT DATA will utilize Everis Group's near-shore and off-shore High Performance Centers to improve price competitiveness and quality of its services. The deal is expected to strengthen NTT DATA's ability to provide customers with global support, and enhance its position as a leading IT services company worldwide. The acquisition will also enable Everis Group to collaborate with NTT DATA GROUP's global operations and wide range of services, providing enhanced value to its customers as a global business partner. The deal is a significant step forward for NTT DATA's global expansion strategy, and is expected to have a positive impact on the company's growth and profitability.

Eurazeo PME has acquired a 57% majority stake in Cap Vert Finance (now Evernex). This transaction replaces the previous minority financial partner, Atria Capital Partenaires, which had supported the company in an initial MBO. The management team, led by the founder and managers, retains a significant minority stake (~43%). The deal aims to accelerate international expansion and double the company's size within 5 years.

Cap Vert Finance has structured a minority Owner Buy-Out (OBO) transaction. Previously held by its founder, Loïc Villers, and three senior executives, the company is opening its share capital to AtriA Capital Partenaires, which is acquiring a significant minority stake through AtriA's Apef III fund. The transaction structures a senior debt package of 8m€ with a seven-year maturity tranche, initially underwritten by LCL with plans for subsequent syndication. The operational scope of the target includes a corporate workforce of 90 employees. The transaction is designed to fund Cap Vert Finance's growth roadmap and geographic expansion. The company, which operates across the IT equipment leasing, financing, refurbishing, recycling, and maintenance segments through its active subsidiaries (AS Lease, Alease, and IB Remarketing), intends to expand its market footprint across Europe, Asia, and South America with targeted corporate acquisitions.

Funds advised by Apax Partners have acquired a 54.25% controlling stake in TIVIT, a leading Brazilian provider of integrated IT services and Business Process Outsourcing (BPO), from Votorantim Novos Negócios and Pátria Investimentos. TIVIT serves approximately 300 of Brazil’s largest companies, with a strong client base across banking, insurance, manufacturing, retail, utilities and telecommunications. Its nationwide platform includes multiple operational sites across Brazil, enabling large-scale delivery of outsourced IT and business operations. The acquisition supports Apax’s strategy of investing in market-leading technology and services businesses benefiting from structural growth trends in digital transformation and IT outsourcing. Following completion, Apax Funds intended to initiate a mandatory public tender offer for the remaining shares, consolidating full ownership. The management team, led by CEO Luiz Mattar, retained a meaningful stake and continued to drive the company’s growth strategy, focusing on expansion within Latin America and strengthening TIVIT’s position as a leading regional technology services platform.