VERIFARMA acquired by MTIP

The acquisition of Doctrine by the British listed group RELX represents a landmark transaction in the European LegalTech sector. The strategic rationale for RELX centers on the integration of Doctrine’s specialized AI capabilities into its global legal analytics portfolio, creating significant industrial synergies and reinforcing its dominance in the European market. The deal was finalized following a competitive auction process involving several high-profile private equity sponsors, but ultimately shifted toward an industrial buyer capable of leveraging the target’s advanced technology stack

IKS Health has entered into a definitive agreement to acquire 100% of the equity of TruBridge Inc. through its U.S. arm. The acquisition is a strategic move to create a comprehensive "system of record plus system of action" platform. The strategic rationale is driven by the desire to diversify the acquirer's portfolio into sticky, recurring SaaS-based Electronic Health Record (EHR) segments while deepening its penetration into the rural and community hospital market. By integrating TruBridge’s established EHR backbone with IKS Health’s proprietary AI-driven clinical enablement tools, the combined entity aims to solve complex operational challenges for healthcare organizations

Total Specific Solutions (TSS) has successfully completed the acquisition of Cyberjet, a French software provider specializing in Air Transport Information Systems. Following the completion of the transaction, Cyberjet will continue to operate autonomously as an independent business unit within Groupe TSS, marking the division's 21st specialized software company in the French-speaking region. This platform investment represents a significant strategic milestone for the acquirer, enabling its initial entry into the highly specialized aviation software vertical in France

Asmodee has finalized the acquisition of 100% of the French publisher ATM Gaming, marking the group's largest acquisition since its recent listing on the Stockholm stock exchange. The transaction is structured as a combinaison of cash payment, newly issued Asmodee shares, and a deferred payment component. This acquisition allows Asmodee to significantly reinforce its position in the "party game" category, which is currently seeing the highest growth rates in the industry. The group anticipates strong financial performance from the target, with Revenue and EBITDA projected to grow by 47% in 2026, reaching €50 million in sales and an EBITDA of €25 million, maintaining a robust 50% EBITDA margin

Wonderful has raised €129.8 million ($150 million) in a Series B funding round, valuing the company at €1.7 billion ($2 billion). The round was led by Insight Partners, with significant follow-on participation from existing investors including Index Ventures, IVP, Bessemer Venture Partners, and Vine Ventures. The strategic rationale for the deal is to fund Wonderful's aggressive global expansion and the scaling of its "forward-deployed" workforce, which is projected to grow from 350 to 900 employees by the end of 2026

The founders of Rivalis-Henrri have bought back the 20% stake held by Ardian Growth. This transaction is a classic sponsorless management buyout, marking the complete exit of the private equity fund that had supported the company since its delisting several years prior. The founding management team effectively leveraged a comprehensive senior debt package, syndicated by a consortium of historical banking partners, to repurchase all outstanding externally held shares and regain total corporate control

Axcel has reached a definitive agreement to acquire Geomatikk Group from Hg, a maneuver designed to fundamentally accelerate the group’s pan-European expansion strategy. The strategic rationale for this transaction centers on a "platform-scaling" play, merging the target's industry-leading technical operational depth in infrastructure protection with the acquirer's extensive Nordic network and track record in professional services. This fusion effectively provides the organization with the institutional capital and strategic backing required to pursue a definitive structural expansion into new European territories

This transaction marks the acquisition of a majority stake in MASA Group by Nicolas Walewski, facilitating the exit of the previous financial sponsors. The strategic rationale for the deal centers on preserving the company's independence as a "best-of-breed" simulation provider while ensuring it remains under domestic control. The operation follows a phase of significant scale-up where the group successfully expanded its international footprint and institutionalized its commercial operations. The acquirer’s offer was preferred by the management team as it allows the current leadership to remain at the helm and avoid integration into a larger industrial group

Main Capital Partners has acquired a majority stake in Gingco Systems GmbH, marking a strategic entry into the German workplace management software market. The transaction was structured as a majority buyout, with the existing management team retaining a significant minority reinvestment to ensure long-term alignment and continuity. The sale process was overseen by MCF Corporate Finance, with the platform being marketed as a high-margin, scalable enterprise resource leader. The strategic rationale for the acquisition is focused on capitalizing on the "New Work" era, where hybrid work models have increased the complexity of corporate resource management

Cision acquired 100% of Trajaan to integrate advanced search intelligence and LLM analysis into its media intelligence suite. The deal follows a competitive process involving three potential buyers. The transaction provides an exit for the founders and business angels (who invested EUR650k in 2023). Trajaan will retain operational autonomy within Cision to leverage the group's massive distribution network. The valuation includes performance-based earn-outs over the coming years.