Star Capital engineers Vincorion IPO liquidity event
STAR Capital has backed Vincorion’s Frankfurt listing with a total placement volume of EUR 345 million, crystallising value less than three years after its carve-out from Jenoptik.
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Latest M&A news, deal analysis, and investment insights.
Accel-KKR sells Smart Communications majority to Cinven
Accel-KKR has agreed to sell a majority stake in UK-based Smart Communications to Cinven, while retaining a minority holding. The exit caps a nine-year run marked by strong organic growth and targeted international M&A.
Smart CommunicationsUpvest lands EUR 125m to scale EU trading rails
Berlin-based Upvest has secured EUR 125 million in new funding from Sapphire Ventures, Tencent, Bessemer Venture Partners and BlackRock to expand its investment infrastructure platform across Europe and the UK.
UpvestOakley backs Groupe Senef as Isatis exits
Oakley Capital has invested in France-based Groupe Senef, a vertical cloud software provider to people-intensive services. Existing minority shareholder Isatis Capital is exiting as part of the transaction; terms were not disclosed.
Groupe SenefPharma Green adds two pharmacies, reaches 72 sites
Pharma Green Holding has acquired two Italian pharmacies, one in Emilia-Romagna and one in Puglia, taking its network to 72 locations. Financial terms were not disclosed.
Pharma Green HoldingJindal re-enters race for ex-Ilva acquisition
Indian industrial group Jindal has reportedly returned to the running to acquire ex-Ilva in Italy. Financial terms and deal structure have not been disclosed.
ex-IlvaBanca Sella funds Latteria Soresina with EUR 5m line
Italy’s Latteria Soresina has secured a EUR 5 million credit line from Banca Sella, backed by inventory. The facility supports working capital and underpins the cooperative’s expansion plans.
Latteria SoresinaLonvita moves to delist Health Italia
Lonvita has lifted its stake in Health Italia to 96.76% following a takeover bid, paving the way for a delisting from Euronext Growth Milan. Financial terms were not disclosed.
LonvitaAlfa Gomma acquisition process moves into bid phase
Alfa Gomma has attracted multiple offers as liquidators advance a sale process for the Italian industrial group. Price and buyer remain undisclosed as due diligence moves forward.
Alfa GommaKKCG Maritime launches partial tender for Ferretti
KKCG Maritime has announced a EUR 182 million acquisition move on Italy’s Ferretti via a partial tender offer. Terms beyond headline value were not disclosed.
KKCG MaritimeSalica backs Oxford Medical Simulation in EUR 5.78m raise
Oxford Medical Simulation has raised EUR 5.78 million from Salica Investments. The funding targets the healthcare training gap using virtual reality simulation.
Oxford Medical SimulationWeSort.AI lands EUR 10m to scale sorting tech
German startup WeSort.AI has raised EUR 10 million to expand its AI and X-ray-based material recovery platform across Europe, backed by Infinity Recycling and SPRIND among others.
WeSort.AIOakley exits vLex in Clio legal tech push
Oakley Capital has exited vLex in an undisclosed deal as Clio broadens from practice management into global legal research and enterprise-grade AI.
Oakley CapitalNorvestor to take Zalaris private for EUR 208m
Norvestor has agreed to acquire Norwegian payroll and HR services provider Zalaris for EUR 208.33 million, taking the listed company private. The deal extends PE appetite for recurring-revenue business services platforms with scalable delivery models.
NorvestorCombat Medical raises EUR 3.13m from angels
GB-based Combat Medical has secured EUR 3.13 million in funding from the T&J Meyer Family Foundation, Varia Ventures and NW Angel Fund, according to a FinSMEs report.
Combat MedicalBite Investments acquires UK tech firm Untap
Bite Investments has acquired GB-based technology company Untap for an undisclosed amount. The deal adds another data point to ongoing private-led consolidation in software and tech-enabled services.
Bite InvestmentsEnodia buys Kezar assets in EUR 118.52m deal
Enodia Therapeutics has agreed to acquire assets from Kezar Life Sciences for EUR 118.52 million. The transaction underscores continued demand for de-risked pipelines as biotechs recycle capital and sharpen focus.
Enodia TherapeuticsThistle Initiatives buys UK consultancy TORI Global
Thistle Initiatives has acquired UK-based business consultancy TORI Global for an undisclosed amount. The deal adds additional advisory capacity, but integration priorities and commercial overlap remain key open questions.
Thistle InitiativesQdrant raises EUR 46.3m to scale vector search
German vector database company Qdrant has raised EUR 46.3 million in funding from AVP, Bosch Ventures, Unusual Ventures, Spark Capital and 42CAP to expand its vector search infrastructure.
Qdrant fundingKinewell lands EUR 0.9m to scale offshore wind AI
UK energy software specialist Kinewell has raised EUR 0.9 million from the North East Accelerate Fund to accelerate product development and commercialisation of its offshore wind tools.
KinewellWaiv raises EUR 30.56m to scale AI oncology tests
Paris-based Waiv has secured EUR 30.56 million in funding co-led by OTB Ventures and Alpha Intelligence Capital to accelerate global deployment of its AI precision oncology testing platform.
Waiv fundingSkySelect lands EUR 8.33m to fix aviation procurement
Estonia-based SkySelect raised EUR 8.33 million in growth funding co-led by Verb Ventures and RockCreek to modernise aircraft parts procurement with AI and cut aircraft-on-ground delays.
SkySelectInsight Partners leads EUR 150m into Wonderful
Amsterdam-based enterprise AI agent platform Wonderful has raised EUR 150 million from Insight Partners, backing rapid international deployment and customer automation at scale.
Wonderful fundingQdrant raises EUR 46.3m to scale vector search
German technology company Qdrant has secured EUR 46.3 million in funding from AVP, Bosch Ventures, Unusual Ventures, Spark Capital and 42CAP to expand its vector database offering for AI search and retrieval workflows.
Qdrant fundingTropic lands EUR 126.5m to scale gene-edited staples
UK agri-biotech Tropic has raised EUR 126.51 million in an oversubscribed Series C to commercialise gene-edited bananas and rice as climate pressure and crop disease risk sharpen investor focus.
Tropic fundingCroatia’s Orqa raises EUR 12.7m for FPV drones
Drone technology company Orqa has raised EUR 12.7 million in funding in a recently announced round. The investor was not disclosed.
OrqaTeybridge Capital Europe raises EUR 5.2m for UK push
UK-based financial services firm Teybridge Capital Europe has secured EUR 5.2 million in funding from an undisclosed investor, earmarked for expansion and hiring in London.
Teybridge Capital EuropePAI Partners buys Tecnova HT in Italy
PAI Partners has completed the acquisition of Tecnova HT in Italy from shareholders Livio Dacco, Andrea Giovane and Silvia Giovane. Financial terms were not disclosed.
PAI PartnersTropic lands EUR 105m as agtech capital returns
UK gene-editing specialist Tropic has raised EUR 105 million in an oversubscribed Series C led by Forbion and Corteva. The round backs commercial scale-up of disease-resistant bananas and climate-resilient rice.
Tropic fundingRamp buys Billhop to secure UK-EU payments rails
Ramp has acquired Stockholm- and London-based Billhop as it prepares a Europe launch this summer. The deal gives Ramp regulatory payments authorisation in both the UK and EU and accelerates its local-first buildout.
RampXenon Private Equity VIII buys into Eles Semiconductor Equipment
Xenon Private Equity VIII has agreed to acquire Italy-based Eles Semiconductor Equipment in an undisclosed-value transaction, adding another sponsor-backed platform to the semiconductor equipment ecosystem.
Xenon Private Equity VIIINscale lands EUR 1.81bn to scale AI compute
UK AI infrastructure builder Nscale has raised EUR 1.81bn in a Series C led by Aker ASA and 8090 Industries, with strategic backing from Nvidia, Dell and Lenovo. The round underwrites an aggressive multi-country data centre build-out despite Europe’s power constraints.
Nscale fundingEquitix to take control of Italy biogas owner Enerland
Equitix has agreed to acquire a 95% stake in Enerland, an Italian company that owns a biogas plant in the Bologna area. Financial terms were not disclosed.
EquitixTowerBrook weighs early exit from Dave’s Hot Chicken Europe
TowerBrook-backed Azzurri Group is exploring a sale of Dave’s Hot Chicken’s UK and European franchise rights, despite previously flagging aggressive rollout plans.
TowerBrook Capital PartnersBlackRock joins Axelera AI’s landmark Series C
Dutch AI chipmaker Axelera AI has raised EUR 231.48 million in a $250+ million Series C round, with BlackRock joining as a new investor. The financing is being positioned as a milestone for Europe’s AI semiconductor ambitions and on-device inference demand.
Axelera AI funding