VERACODE acquired by THOMA BRAVO

The transaction involves the acquisition of a controlling interest in SCHEMA Group by the IK Small Cap II Fund, alongside the company’s founders. This deal represents a strategic partnership intended to transition the founder-led niche leader into an institutionalized platform capable of capturing broader international market share. The strategic rationale for the investment is centered on accelerating the company's organic growth within its core DACH market while expanding its sales reach into new global geographies

Maxifier Ltd has been acquired by Bmax AS. The transaction was announced on 20 November 2018 following a shareholder agreement between the parties. Bmax purchased a 70 percent equity stake in Maxifier, which had been a wholly‑owned subsidiary of Cxense ASA. The sale was executed on a cash‑free, debt‑free basis and included a vendor credit agreement maturing 1 January 2021. Completion of the transfer was subject to customary regulatory approvals and was expected to close within the month of announcement

In a landmark European tech transaction, Abry Partners, via its vehicle Victory Partners VIII Norway AS, has launched a recommended voluntary cash offer to acquire the entire issued share capital of LINK Mobility Group ASA. The transaction is structured as a public-to-private (P2P) takeover, with the board of directors of LINK Mobility providing a unanimous recommendation in favor of the deal. Notably, the transaction includes a substantial management roll-over, where key executive investors are reinvesting a portion of their holdings (representing 14

Private equity firm Hg (formerly HgCapital) has reached a definitive agreement to divest the HR software company Lumesse to trade buyer Saba Software, which is currently backed by private equity sponsor Vector Capital. The competitive sale process was run by US investment bank Jefferies Group LLC. Scheduled to successfully close by the end of 2018, the transaction brings to an end an eight-year holding period for Hg, which originally backed the platform through its £1.87bn HgCapital 6 fund. The integration of Lumesse into Saba Software—a company maintaining dual headquarters in Ireland and the US—will create a highly consolidated industry entity boasting a combined roster of 4,700 clients

In a significant move within the marketing technology landscape, Insight Venture Partners has entered into a definitive agreement to acquire Optimizely from Accel-KKR. This transaction represents a major milestone for Optimizely, following a period of "hyper-growth" characterized by the successful transition to a SaaS-led model and the expansion of its Digital Experience Cloud™ platform. The deal is structured as a strategic leveraged buyout (LBO) aimed at accelerating Optimizely's global product roadmap and enhancing its go-to-market initiatives

Intertek has entered into a definitive agreement to acquire Alchemy from the private equity firm The Riverside Company. This acquisition strategically expands the acquirer,s global Assurance business by adding a bespoke People Assurance SaaS offering that focuses on employee skills and frontline productivity. The integration is expected to yield strong commercial synergies, particularly within the food supply chain where both companies maintain a significant footprint. The target's subscription-based revenue model, characterized by three-year contracts and high client retention rates, provides excellent revenue visibility and strengthens the acquirer's financial profile

In a move that significantly reinforces its digital manufacturing roadmap, Sandvik AB has entered into an agreement to acquire Metrologic Group from Astorg Partners. The transaction represents a valuation multiple that reflects Metrologic's high-margin profile and its critical position in the industrial software ecosystem. This acquisition is a cornerstone of Sandvik Machining Solutions' strategy to broaden its customer offering by integrating quality assurance and metrology into its existing metal-cutting expertise

Cathay Capital and Bpifrance have entered into an agreement to acquire NeoXam from BlackFin Capital Partners, with the goal of supporting the company's next phase of growth. Following BlackFin's successful backing of NeoXam's creation and international expansion after its carve-out in 2014, the firm is now passing the torch to a new ownership structure comprising two investors who share the ambition of accelerating the financial software publisher's global growth. The transaction is driven by a desire to build on the expansion strategy implemented in recent years, as NeoXam benefits from favorable market trends related to the digitalization of financial institutions, increasing data volumes, and heightened regulatory requirements

The acquisition Teracomm by LINK Mobility Group, designed to consolidate the mobile messaging market in South-Eastern Europe. The strategic rationale focuses on building a unified regional platform by creating synergy between Teracomm and LINK’s existing regional operations. By aggregating technical infrastructure and sales networks, the group intends to accelerate the deployment of innovative mobile messaging and data services across the region. This expansion is central to LINK’s broader objective of scaling its European presence and leveraging the high underlying growth rates of the South-Eastern European market

IK Partners entered into exclusive negotiations to acquire a significant stake in Questel, with a structured mechanism to become the majority shareholder over time. This transaction marks the exit of Capzanine as a shareholder (though it remains the unitranche debt provider) and the reinvestment of Raise alongside IK Partners and CEO Charles Besson. The strategic rationale for the deal is to fund and accelerate Questel's aggressive build-up strategy following a period of exceptional performance where EBITDA tripled to reach €18M