SERVICEMAX acquired by PTC

The Carlyle Group has entered into exclusive negotiations to acquire a majority stake in Lacour Group. This marks the first-ever opening of Lacour's capital since its 1985 inception. CEO Angelo Maida will significantly reinvest alongside Carlyle to remain a key stakeholder. The strategic rationale for the transaction is to transform Lacour from a French market leader into a pan-European champion through an aggressive external growth strategy. The deal is supported by a unitranche debt facility provided by Capza. Following the investment, Lacour aims to leverage Carlyle's expertise in software and automotive sectors to conquer adjacent markets and integrate innovative AI-driven features into its SaaS platform, targeting over €50 million in revenue for 2023.

This transaction involves the sale of 100% of Quanos Solutions by IK Partners (via the IK Small Cap II Fund) to Keensight Capital. The exit marks the culmination of a successful four-year holding period during which IK transformed three separate software entities into a unified, market-leading brand through a disciplined M&A and integration strategy. The strategic rationale for the acquisition by Keensight centers on the continued digitization of the industrial aftersales market and the potential for Quanos to expand its InfoTwin cloud platform globally. Keensight intends to support the existing management team in its next phase of growth, focusing on further international market penetration and opportunistic acquisitions.

NeoXam, a global provider of data management and transaction software for financial institutions, has entered a new strategic chapter following a majority investment from Eurazeo. Through its Small-Mid Buyout team, Eurazeo invested over �100 million in the company, facilitating the exit of historical partners Cathay Capital and Bpifrance, who had been shareholders since 2018.

This transaction is a secondary leveraged buyout, marking the transfer of absolute majority control from the exiting historical private equity syndicate back to a new lead financial sponsor. Following a highly competitive auction process meticulously managed by premier investment banks, the returning sponsor successfully secured exclusivity to execute the acquisition alongside the company's original financial sponsor and the deeply reinvested executive management team. To adequately capitalize this massive operation, the deal structure incorporates a substantial senior debt package, providing the optimal leverage required to support the target's ongoing aggressive expansion strategy and its transition toward broader mobility insights.

EcoVadis has raised $500 million in a global investment round co-led by Astorg and BeyondNetZero (General Atlantic), establishing the company as a "sustainability impact unicorn". The strategic rationale for the deal is to accelerate EcoVadis’ global scale-up, particularly in the US and Asian markets, and to bolster its AI and machine learning capabilities. The fresh capital will also be used to fund strategic acquisitions and deepen its sustainability intelligence offering, such as Scope 3 carbon emissions management. The deal comes amid record demand for ESG transparency, with EcoVadis reporting 50% revenue growth over the previous 12 months. This investment positions the company to influence decision-making across enterprise, procurement, and financial platforms through its existing partnerships with SAP, Microsoft, and Coupa.

W.A.G payment solutions plc entered into a restructured definitive agreement to acquire substantially all of the operational assets of WebEye Telematics Zrt. This corporate carve-out is structurally sequenced into two distinct tranches to successfully navigate and mitigate prior regulatory hurdles formally raised by the Hungarian authorities. The first tranche exclusively encompasses the acquisition of all non-Hungarian subsidiaries, while the second tranche meticulously executes the transfer of the domestic operations. Strategically, this transaction represents a highly value-accretive maneuver deliberately designed to accelerate sector consolidation within the Commercial Road Transportation landscape. The direct integration of an extensive portfolio of over 58,000 connected trucks immediately expands the captive customer base of the combined entity, unlocking substantial cross-selling opportunities for integrated payment and advanced mobility solutions. By actively harnessing the robust proprietary data continuously generated by the acquired telematics infrastructure, the platform is uniquely positioned to accelerate the deployment of next-generation mobility services, thereby driving profound operational efficiencies for transport operators

Sogelink acquired the Dutch group LOCATIQS from Main Capital Partners. This strategic combination aims to create a European champion in Construction Tech by merging Sogelink's engineering/design capabilities with LOCATIQS's GIS and field expertise. The transaction creates a group with over EUR130 million in consolidated revenue (including the Focus Software acquisition) and 650 employees. LOCATIQS's management team remains committed to the project alongside Sogelink's CEO, Fatima Berral.

Montefiore Investment has entered into exclusive negotiations to take Generix Group private through a public tender offer. The transaction is structured via a new acquisition holding company, New Gen, in partnership with the historical reference shareholder Pléiade Investissement (which has held a stake since 2002) and the company's management. The strategic rationale for the deal is to accelerate Generix's transition to a full SaaS model and drive its international expansion outside of its core French market. The transition will be accompanied by a leadership change, with Aïda Collette-Sène succeeding Jean-Charles Deconninck as head of the executive board. By delisting from Euronext (Compartment C), the company aims to pursue its long-term growth projects away from the short-term pressures of the public markets.

SOC Telemed completed its acquisition by Patient Square Capital. The strategic rationale is rooted in SOC Telemed’s position as the largest national provider of acute‑care telemedicine in the US, with a scalable enterprise platform, Telemed IQ, and a diverse portfolio of specialty telemedicine services. For Patient Square, the acquisition aligns with a broader thesis of backing capital‑efficient, high‑margin, technology‑enabled healthcare solutions that can standardize and scale virtual care delivery across hospital and health‑system clients. The sponsor’s backing provides SOC Telemed with enhanced capital flexibility to invest in clinical capabilities, product innovation, and geographic expansion while maintaining its existing leadership under Chief Executive Officer Dr. Chris Gallagher.

Simultaneously with the acquisition of the Dutch group LOCATIQS, Sogelink acquired the Norwegian company Focus Software. This transaction marks Sogelink's strategic entry into the Nordic market. The 6 co-founders of Focus Software reinvested in the new group structure. This deal reinforces Sogelink's capabilities in the upstream design and planning phases of construction projects. The combined entity (Sogelink + LOCATIQS + Focus) reaches a consolidated revenue of over EUR130 million with 650 employees.