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Buy-and-build

Battery Ventures-backed Proemion expands industrial asset analytics platform

The German company has acquired TrendMiner for €47m

Battery Ventures Belgium Germany Proemion Holding

Juuri Partners creates the largest online pet health store in the Nordics

The Finnish GP has backed Alvar Pet and concurrently inked its first bolt-on

Borenius Dotir Finland Juuri Partners Kpmg

CBPE merges BKL with Wilson Wright 

The combined business will have a turnover of £46m

Cbpe Capital

Inflexion-backed CNX Therapeutics acquires two medicines

The portfolio company was originally formed in August 2021 when Inflexion acquired Sunovion Pharmaceuticals Europe

Bdo Grant Thornton Inflexion Uk

ECI-backed Moneypenny expands to the US

The telecoms business has acquired Sunshine Communications

Eci Partners

INVL-backed Eco Baltia eyes Eko Osta acquisition

INVL’s Baltic Sea Growth Fund acquired a 52.8% stake in Eco Baltia in June 2020

Baltics Invl Baltic Sea Growth Fund

Palatine-backed BK Plus expands into the Southwest

The accountancy firm was acquired by Palatine’s Buyout Fund IV in September 2023

Accounting Palatine Uk

Main Capital-backed PeakAvenue bolts on Isograph

The GP backed the software company in 2022

Grant Thornton Main Capital Partners Mcdermott Wdp

GCP-backed Bridewell acquires Arculus

The deal allows the firm to expand into the public sector

Addleshaw Goddard Cavendish Cowgills Cybersecurity Flint Global Gbh Growth Capital Partners Hsbc Pinsent Masons Uk

Keensight-backed BYG4lab acquires Finbiosoft

The deal expands BYG4lab’s footprint in new markets

Finland Keensight Capital

BGF-backed Troy acquires Scott Direct

The deal marks Troy’s second acquisition since BGF invested last year

Bgf Uk

EMZ Partners-backed portco expands to the US

The GP’s portfolio company FotoFinder Systems has acquired DermLite

Emz Partners Germany Goodwin Procter Houlihan Lokey Isp Healthcare Rsm Ebner Stolz Taxess Venable, Lupp + Partner

Warburg Pincus portco expands international presence

Premier Technical Services Group has acquired Flame Control

Netherlands Warburg Pincus

Hg backs newly formed corporate insurance brokerage

Belgium-based Induver and Clover have combined to form the new group

Belgium Hg Hg Capital Hgcapital Insurance

Limerston portco acquires holiday park

Largo Leisure Holidays has bolted on Campsie Glen

Limerston Capital Scotland

Amplio-backed Selatek acquires Deltatec

As of February 2024, Segulah has been rebranded to Amplio

Amplio Sweden

Innova-backed Bielenda bolts on Miya Cosmetics

Bielenda will cross-sell Miya products via its distribution channels

Cosmetics Innova Capital Poland

Bowmark-backed Focus Group acquires Pinnacle

The add-on will enhance Focus Group's geographical reach across the Southwest

Bowmark Capital Knight Corporate Finance Pwc Roxburgh Milkins Rsm Uk

Palatine-backed B2W Group targets green energy growth

The transaction represents the third bolt-on for the training company under Palatine

Browne Jacobson Manchester Palatine Private Equity Uk Virgin Money

Equistone-backed Timetoact Group bolts on Trustbit

The deal marks the eighth add-on for Timetoact Group since the GP invested

Austria Bdlv Equistone Equistone Partners Europe Mcdermott P+p Pöllath Wdp

Main Capital-backed Qics bolts on ProjectFlow

The deal marks the first add-on for Qics since the GP backed the firm in 2021

Denmark Main Capital Partners Netherlands

Coniston-backed Masterfix acquires MDfx

The SME investor backed Masterfix in September 2021

Coniston Capital Stephenson Harwood

LDC-backed Stonbury bolts on Panton McLeod

Stonbury received investment from LDC in December 2022

Browne Jacobson Douglas Home & Co Howes Percival Ldc Mbm Commercial Rsm Uk

Main Capital-backed TimePlan bolts on TimeMap

TimeMap offers a cloud-based SaaS workforce management solution

Denmark Finland Main Capital Partners Norway

NorthEdge-backed Helios bolts on Cogentia

The business has grown its headcount from 100 to 250 under the GP’s leadership

Cortus Transaction Services Hill Dickinson Northedge Yellow Insights

Accent Equity portco acquires CM Betong

The GP acquired a majority ownership in Linotol in 2023

Accent Equity Norway Sweden

Driv Kapital backs new Norwegian IT consultancy group

The Nordic investor invested in the business through its Driv Kapital Fund I

Driv Kapital Norway

FPE-backed Egress Group acquires Stalis

The UK-based company provides specialist IT consultancy services and bespoke solutions to the healthcare sector

Cortus Transaction Services Fpe Capital Graph Strategy Stephenson Harwood Tax Advisory Partnership

AnaCap-backed PFS acquires AIS Group

The GP invested in the Spanish company in July 2022

Anacap Spain

Accent Equity sells Norco Interior to its own portco

The GP’s Götessons Design Group has bolted on the business

Accent Equity Norway Poland Sweden

Stirling Square-backed Assist24 acquires Redning Danmark

The GP invested in the company in January 2020 through its €950m fourth fund

Denmark Stirling Square Capital Partners

Rockpool’s EC Electronics bolts on Liad Electronics

It is the portco’s second bolt-on following the GP's investment in September 2022

Addleshaw Goddard Claritas Tax Netherlands Rockpool Investments Taylor Wessing Uk

The Riverside Company-backed Montel completes twin bolt-ons

The deal will support the portfolio company’s expansion in the European energy and electricity market

Alpha Corporate Finance Bahr Code & Co Crowe Enappsys Energy Brainpool Lark Montel As Qwatt The Riverside Company

Main merges portcos to form financial software group

The resulting entity is called Foconis

Banking Germany Main Capital Partners Merger Software

Accent Equity-backed Malte Månson bolts on Experten Group

Experten’s owners and key management will reinvest in the business

Accent Equity Sweden

Segulah-backed Selatek bolts on AllTor Data & Larmteknik

The acquisition consolidates the business’s presence within security services in northern Sweden

Acquisitions Sustainability Sweden Pe

Main Capital expands to Switzerland with new investment

The GP’s portfolio company Aunetic has bolted on LARI Digital

Main Capital Partners

Beyond Capital portco bolts on SB Software Broker

The GP acquired the business in November 2022 through its €115m Fund II

Germany Software

Kartesia supports Clearway bolt-on

The deal allows the firm to expand into DACH

Kartesia

Horizon Capital-backed Dains Group completes two bolt-ons

The firm has completed five bolt-ons since the GP invested in 2021

Bolt-on Acquisition Bolt-on Deal Bolton Finance Financial Services Private Equity Uk

H2-backed Global Vans bolts on XLCR

The GP first backed the portfolio company in March 2022

Automotive Uk

Queen’s Park Equity-backed Learndirect completes sixth bolt-on

The add-on increases Learndirect’s presence in the B2B space

Buy-and-build Queens Park Equity

LDC-backed Aspire bolts on Cloud Cover IT

The GP first backed Aspire’s management team in March 2022

Ldc Managed Services Uk

Main Capital-backed Björn Lundén bags compliance provider

The deal is the firm's fifth add-on since the GP invested in 2021

Main Capital Partners Sweden

Helix Kapital-backed L5 Navigation bolts on Rockma System

This is L5’s second bolt-on in as many months

Geofix Helix Kapital L5 Navigation Nordics Rockma System

Pinova Capital-backed Detax acquires Thermotec

The business was acquired from Heba

Acquisitions Healthcare

Apiary-backed Shaw Gibbs continues expansion spree

The firm has acquired DNG Dove Naish and Harmer Slater

Accounting Uk

Riverside-backed ToolWatch bolts on software firm

The investment will accelerate ToolWatch’s growth

Acquisitions Switzerland Uk

Innova Capital-backed EMI bolts on Kadra

This is the second bolt-on by the GP this week

Value Creation

Innova-backed Bielenda acquires Torf from Resource Partners

The bolt-on will also enable the company to enter the oral hygiene segment

Bolt-on Cosmetics Innova Capital Poland

Exponent-backed Xeinadin inks 17th acquisition

The acquisitive firm adds on McKeogh Gallagher Ryan

Bolt-on Value Creation

Wise Equity-backed FIMO Group bolts on Wanho

The Italian firm acquired the portfolio company from IGI Private Equity in 2020

Acquisition Investments Private Equity Wise Equity

Apposite Capital-backed Kelso Pharma initiates European expansion

The company has acquired Italy-based Velit Biopharma

Apposite Capital

Wise Equity-backed Special Flanges acquires Hertecant Flanges

The Italian GP first backed the portfolio company in October 2021

Acquisition Bolt-on Investments Kpmg Manufacturing Private Equity Wise Equity

Cerea Partners-backed Axium acquires Italian packaging company

The bolt-on of Silte will allow Axium to strengthen its geographical coverage

France

UI Investissement-backed Attineos bolts on ADN Informatique

Attineos said the deal completes its offering serving the digital transformation of businesses

Acquisition France Investments Private Equity

Stanley Capital’s LXO acquires Nimotop from Bayer

The GP acquired a majority stake in the French pharmaceutical group in October 2022

Acquisition France Investments Private Equity

Helix Kapital-backed L5 Navigation bolts on GeoFix

The management of GeoFix will continue to lead the business

Private Equity Sweden

Bregal’s Medavis merges with Digithurst

The new radiology software group will launch new products for radiologists

Germany Merger Private Equity Software

Key Capital-backed TIS bolts on NSP

The deal was financed by a mix of equity and debt

Acquisition Key Capital Partners Private Equity

Apax-backed Alcumus bolts on Planet Mark

The GP acquired a controlling stake in Alcumus from Inflexion in February 2022

Apax Partners Investments Private Equity Sustainability

Waterland portco completes triple acquisition

Carton Group also completed a refinance of its debt

Bolt-on Waterland Private Equity

NorthEdge-backed Altia inks fourth acquisition

The GP has held the platform, which provides police investigation software, since 2020

Northedge

Main Capital-backed BCS acquires Epowerhr

The bolt-on represents BCS's fifth acquisition under Main Capital ownership

Belgium Bolt-on

Bolster sells stake in Movares to Convent Capital-backed Innovus

The seller was a shareholder in the business for 17 years

Benelux Engineering Netherlands Private Equity

Tenzing-backed Activpayroll acquires business services firm

The company has bolted on Netherlands-based Limes International

Acquisition Private Equity Tenzing

AnaCap-backed Orbyt acquires Telia’s Finnish eInvoice unit

Orbyt has been majority owned by the GP since June 2022

Accounting Acquisition Private Equity

LDC portfolio company inks two acquisitions

Healthcare fulfilment specialist Real Digital International has bolted on MedDX and Shuttlepac

Bolt-on Healthcare Ldc

Metrika-backed Sefo acquires Lightech

The deal will allow Sefo to expand its product range globally

Consumer Private Equity

Exponent-backed Xeinadin Group inks 15th bolt-on

The professional services group has acquired Alacrity Accountancy

Main Capital Partners portco inks 11th bolt-on

Xxllnc has acquired South Holland-based Processfive

Main Capital Partners Software

BGF acquires multimillion-pound stake in Artus Air

The GP plans to strengthen the firm’s technical expertise and innovative touch towards the acceleration of net-zero targets

Acquisitions

LDC’s DSP bolsters Oracle Cloud services with Eclipsys bolt-on

The deal marks the portfolio company’s first bolt-on since the GP invested in the business last month

Investments Ldc Private Equity

Waterland-backed Farner adds Lansons to alliance

Waterland entered into a “growth partnership” with its portfolio company in January 2022

Acquisition Communications Investments Private Equity Waterland Private Equity

Parabellum Investments-backed ieDigital bolts on Connect FSS

The family office said the two businesses possess synergies that make them a “perfect” fit

Fintech Private Equity

Agilitas-backed Aeven bolts on Sentia

With the acquisition, the adaptive digital IT provider plans to expand its offering for small and midsized Danish companies

Agilitas

Deal in Focus: Tenzing-backed DJH Mitten Clarke announces hat-trick of acquisitions

Under Tenzing’s ownership, the accounting firm has now completed five add-ons, says Laura Meaden, acquisitions director, speaking to Real Deals

Tenzing

Keensight Capital-backed Lisam bolts on EcoMundo

The deal is Lisam’s second acquisition this year, following the acquisition of SDSpro in March 2023

Bolt-on Investments Keensight Capital Private Equity

Nordic Capital-backed Sunrise Medical completes fourth bolt-on

The deal strengthens the portfolio’s geographical presence in the US

CBPE Capital-backed Centralis enhances real estate expertise

Centralis has acquired Luxembourg-based Ferris

Bolt-on Luxembourg

Graphite Capital portfolio company acquires Historic Newspapers

The add-on represents the second bolt-on by the company since Graphite’s initial investment

Bolt-on Graphite Capital

Triton-backed OCU Group continues acquisition spree

The utilities and energy service provider has added on Insiris

Bolt-on

Warburg Pincus backs Nord Security in $100m financing round

The GP led the round, investing through its Capital Solutions Founders fund

Cybersecurity Warburg Pincus

Battery Ventures merges three businesses to form new laboratory automation platform

PromoChrom Technologies, LCTech and Skalar Analytical were recently acquired by the investor

Norvestor-backed PHM Group adds on Sefbo

The deal strengthens the portfolio company’s geographical presence in Norway

Kartesia backs Nomotech and VOIP Telecom merger

The GP plans to support the merged company via a buy-and-build strategy and the expansion of the group's services offering

Syntagma Capital carves out Lennox EMEA business

Syntagma plans to accelerate the company’s growth both organically and through targeted M&A investments

Hg-backed Visma bolts on Quaderno

Quaderno becomes Visma’s fourth acquisition in Spain since entering the country in 2021

Bolt-on Private Equity Spain Pe

Tikehau backs Biobest with €120m

The deal marks the first investment from the GP’s private equity regenerative agriculture strategy

Bolt-on Private Equity Tikehau Capital

Ardian-backed GBA Group expands range of toxicology services

GBA Group has been a portfolio company of Ardian since April 2021

Ardian

FE fundinfo acquires Adjuto

The Hg-backed company aims to enhance its fee and distribution channel management services

Bolt-on Hg

Waterland-backed Median enters Spanish market with Hestia bolt-on

The GP acquired Median in 2014 from Advent International and Marcol

Acquisition Bolt-on Healthcare Private Equity Spain Pe

Exponent-backed Xeinadin bolts on Quintas

The deal increases Xeinadin’s headcount in Ireland by 18%

Acquisition Bolt-on Exponent Financial Services Ireland Private Equity

LDC-backed Wifinity expands connectivity with new acquisition

The bolt-on represents the internet service provider’s second add-on in 2023

Bolt-on Ldc

Hg-backed The Citation Group adds on QuiqSolutions

This is the fifth acquisition The Citation Group has made so far in 2023

Innova Fonds company acquires Presta’ France

Innova Fonds invested in DMAX in October last year

France

Apiary-backed Shaw Gibbs adds on Herbert Parnell

Apiary Capital invested in the platform company in 2022 to support its buy-and-build strategy

Apiary Capital United Kingdom

FPE-backed software business acquires BrightBridge

The add-on comes only six weeks after FPE’s investment in NoBlue2

Fpe Capital Software

Exclusive: August Equity’s StarTraq acquires compliance software business

The acquisition of Farthest Gate marks the first bolt-on for the portfolio company

August Equity Bolt-on Software

Sovereign forms Knovia Group via Paragon’s bolt-on of Tempdent

Sovereign Capital Partners said its plan is for Knovia to acquire more companies in the years ahead

Private Equity Sovereign Capital Partners Training