TRACEGAINS acquired by VERALTO CORPORATION

Sogelink announced the acquisition of Netisys, marking its fifth acquisition in two years and the first major build-up since CVC's entry. This transaction strengthens Sogelink's offering for public and parapublic actors by integrating specialized tools for managing road, rail, and port infrastructures. The deal aligns with a strategy to cover the full asset lifecycle, specifically focusing on maintenance and sustainability. Netisys founders join the group, which also gains a strategic footprint in the Sophia-Antipolis technology park

TopSolid completed its fifth LBO since 2005, welcoming Credit Mutuel Equity as a new minority reference shareholder. Historical partners Bpifrance and IRDI chose to reinvest, while Siparex (shareholder since 2018) exited. The transaction allows the management team—comprising two generations of executives—to retain majority control (>60%), with the younger generation significantly strengthening their equity position. The deal is supported by senior debt with a leverage ratio below 3.0x EBITDA. The strategic goal is to reach EUR100M in revenue by 2029 while remaining an independent French player

Squarespace has been acquired by Permira in an all‑cash transaction that concludes the company’s transition from public to private ownership. The acquisition follows a structured process involving a special committee of the Squarespace board, financial advisors, and legal counsel, and it results in the removal of the company’s shares from the New York Stock Exchange. The deal was financed through a combination of equity contributions from Permira’s funds and senior debt arranged by a consortium of lenders, with the founder retaining a majority equity stake and continuing in his executive roles

Sagard NewGen has announced the acquisition of FuturMaster, a premier SaaS provider specializing in Supply Chain Planning and Revenue Growth Management (RGM). Sagard NewGen becomes the majority shareholder, succeeding the founder, Bo Zhou, who exits the business. The current management team and Cathay Capital, an investor since 2020, are both reinvesting in this new growth cycle.

Carasent ASA has completed the acquisition of Data-Al GmbH, a German EHR software provider, marking Carasent's entry into the German private clinic market. The transaction was announced in a regulatory press release on 28 October 2024 and follows a year‑long evaluation process that identified Data-Al as a suitable partner for market expansion. Data-Al continues to operate under its existing brand while integrating into Carasent's broader portfolio. The acquisition aligns with Carasent's strategy to broaden its geographic reach and augment its product suite with a proven German‑market solution

In October 2024, TOMRA acquired an 80% stake in c-trace from its founders and historical shareholders. The remaining 20% is retained by the founders, with TOMRA holding an option to acquire this residual stake after a two-year period. The financial terms of the transaction were not disclosed. Beyond the equity investment, the deal reflects TOMRA's strategic intention to expand its scope beyond its traditional automated collection and material sorting activities. The group aims to strengthen its exposure to digital solutions applied to waste management and accelerate its external growth strategy in complementary segments

Following a competitive process led by Oaklins, JVS Group completed its fourth LBO, marking the exit of Parquest, which had been an investor since 2020. Capza invested over €55m (primarily through mezzanine debt and bond tools), while Bpifrance reinvested €6m. Together, the financial investors hold approximately 20% of the capital, leaving nearly 80% of the equity in the hands of a team of 12 managers. This "relution" operation allows the management to significantly increase its control. The transaction is supported by senior debt from the company's historical banking pool

Lacour Group has successfully completed the 100% acquisition of the UK-based software developer Dragon2000, marking its first major international expansion since the 2023 Carlyle LBO. The transaction was funded through a combination of existing cash reserves and CAPEX facilities provided by Capza. This acquisition is a strategic milestone that secures Lacour’s entry into the dynamic British automotive market, adding 1,000 UK clients and €10 million in Annual Recurring Revenue (ARR) to the group’s perimeter

Bonnier Capital significantly increased its stake in Vertiseit to become the company’s largest shareholder, holding approximately 18% of the capital. This strategic investment served as the primary financing engine for Vertiseit’s simultaneous acquisition of its competitor, Visual Art. By enabling this "Buy-and-Build" transaction, Bonnier Capital transformed Vertiseit from a high-growth SaaS specialist into a dominant European Adtech platform with a consolidated revenue of nearly SEK 700 million

On October 28, 2024, Sesa S.p.A., through its subsidiary Var Group, finalized a binding agreement to acquire a 55% majority stake in SMART Engineering GmbH, a specialized provider of CAE software and engineering simulation services. This transaction represents a strategic expansion of the Var Industries business unit, reinforcing the acquirer's capabilities in the high-growth engineering and industrial design software sector. By incorporating the target's specialized know-how in FEM and CFD calculations, Sesa aims to further consolidate its position as a primary digital transformation partner for manufacturing enterprises across Europe