UNIFY SQUARE acquired by UNISYS

Private equity firm Clearlake Capital Group has entered into a definitive agreement to acquire the California-based talent management software provider Cornerstone OnDemand. Unanimously approved by the target's Board of Directors, the transaction will result in the company becoming privately held, officially delisting its shares from public markets. As part of this take-private buyout, technology-focused sponsor Vector Capital will also execute a strategic minority equity investment at closing. The sell-side process was managed by financial advisors Qatalyst Partners and Centerview Partners, while the acquirer was supported by a broad banking syndicate that included Morgan Stanley, Rothschild & Co

Spectris plc has finalized the acquisition of Concurrent Real-Time from the private equity firm Battery Ventures, a maneuver designed to fundamentally strengthen the group’s Hottinger Brüel & Kjær (HBK) platform. The strategic rationale for this transaction centers on a "simulation-convergence" play, merging the target's technical operational depth in hard-real-time computing with the group’s established leadership in physical sensing and simulation software. This fusion effectively creates a specialized Virtual Test Division, providing the organization with the hardware-in-the-loop (HiL) capabilities required to virtually test products throughout the entire development cycle

The investment by Investindustrial in Targa Telematics is a strategic move to support the growth and internationalization of the Italian smart mobility leader. The deal will enable Targa Telematics to strengthen its leadership position in Italy and become a leading company in the smart mobility, fleet management, and insurtech sectors at the European and global level. The transaction will also allow Targa Telematics to further consolidate its existing partnerships with long-standing customers and create new client opportunities

Fragbite Group entered into a definitive agreement to acquire 100% of Playdigious to spearhead its expansion into the indie publishing sector. The transaction was structured with an upfront payment and several earn-out tranches totaling €3.5 million payable through 2023 to align future performance. This strategic move allowed Fragbite to internalize "cutting-edge" porting expertise and establish a new revenue stream within the premium mobile gaming segment, while the founders remained at the helm to lead the group’s new publishing division

LINK Mobility acquired Message Broadcast to establish a significant foothold in the United States, positioning itself to capture growth in a fragmented and fast-paced market. The acquisition is designed to integrate a proprietary, high-margin communication platform into the Group's global ecosystem, significantly contributing to organic growth and overall profitability. By onboarding a management team with extensive industry experience, the Group aims to leverage existing relationships with blue-chip enterprise clients in sectors such as utilities and healthcare, where mission-critical communication is a non-negotiable requirement

Abenex acquired a majority stake in EDL from its founders. This primary LBO aimed to professionalize the group's governance, provide it with the financial resources necessary to implement a buy-and-build strategy, and finally to transform the company from its position as a leader in France into a major European platform.

Alfa Laval has completed the 100% acquisition of StormGeo, a global provider of weather intelligence and decision support services, from owners including EQT and DNV GL. The transaction was structured as a cash-funded purchase, fully integrated into Alfa Laval’s Marine Division. The acquisition serves as a key pillar in Alfa Laval’s "decarbonization toolbox," designed to accelerate the company’s digital transformation. By acquiring StormGeo, Alfa Laval integrates high-end weather-based routing and analytics into its marine offering, providing an immediate upgrade to fleet performance and fuel efficiency for its customers

Altus Group, a Canadian provider of software, data solutions, and advisory services for the commercial real estate sector, acquired Finance Active, a leading French SaaS debt management software provider. This acquisition marked Finance Active's transition from its founding shareholders, and the private equity firm Cathay Capital (which held approximately 40% of the shares), to full integration into Altus Group.

Hyland Software completed the acquisition of Nuxeo, taking full control of the French content‑services and digital asset management platform, including its products, technology, and open‑source community.  The strategic rationale is grounded in the content services and DAM convergence. Nuxeo brings a cloud‑native, low‑code, AI‑enhanced platform that complements Hyland’s existing portfolio, particularly in the areas of digital asset management, media‑rich content orchestration, and open‑source‑driven developer ecosystems

Astorg acquired a majority stake in Xceptor from CBPE Capital. The transaction was highly competitive, with Astorg prevailing over other top-tier sponsors (including Hg and Nordic Capital) with an all-equity bid. For the seller, CBPE, this exit is delivering a 10.8x Money Multiple and an 89% IRR after a four-year hold. Management reinvested significantly alongside Astorg to drive the next phase of growth, which focuses on US expansion and AI integration.