Latest M&A news, deal analysis, and investment insights.
Generali Asset Management has financed H.I.G. Capital’s majority acquisition of Italian infrastructure services platform L4A. The deal underlines rising private-credit support for PNRR-linked maintenance and upgrade work.
Generali Asset ManagementCroatian-founded Daytona has raised $60 million (~EUR 56m) in a Series B led by FirstMark Growth to scale its Agent Cloud for sandboxed AI agent execution.
Daytona fundingExcellera, backed by Intermediate Capital Group, has acquired Fourtold to deepen its Brussels footprint and add public-affairs and policy-communications capabilities to its corporate-affairs platform.
Intermediate Capital GroupPlatinum Equity has agreed to acquire a majority stake in Italy’s Trime, backing an international expansion agenda that includes planned investment in US production and service capabilities.
Platinum EquityInvestindustrial has tasked JPMorgan and Mediobanca to assess strategic options for Italy’s Guala Closures, including a potential sale, according to BeBeez.
InvestindustrialPATRIZIA has agreed to acquire a portfolio of 24 Lidl supermarkets in Italy, Spain and France for EUR 160 million, structured as a sale-and-leaseback. The deal underlines sustained institutional demand for grocery-anchored, long-lease income.
PATRIZIAAmbienta IV portfolio company Wateralia has acquired Italy-based CSA, expanding its product scope in aqueduct valves as Italy ramps up multi-year water-network upgrades.
AmbientaFigura11 has secured EUR 34 million of senior financing from Finint Investments to refinance debt and complete an intermodal logistics hub in Verona’s Quadrante Europa interport.
Figura11Adyen agreed to acquire Berlin-based Talon.One for EUR 750 million, extending from payments into loyalty, promotions and real-time decisioning at checkout.
AdyenGradiente SGR, via its Gradiente III fund, has acquired 74.3% of Italy’s FDM Business Services. The plan targets add-on M&A and AI-driven, software-enabled business process management.
Gradiente SGRUniCredit has moved to lift its Commerzbank stake beyond the 30% takeover threshold after receiving ECB authorisation. The hostile, equity-based approach puts cross-border bank consolidation back on the agenda in Germany.
UniCreditGerman live-cell logistics specialist Cellbox Solutions has raised EUR 5 million from Baltic Business Angels Invest, NRW.BANK and Fraunhofer Venture to scale its portable incubator platform for cell-and-gene-therapy workflows.
Cellbox SolutionsFirstMark has led Daytona’s $60 million Series B (~EUR 56m), valuing the Croatian AI infrastructure company at $1 billion. The round extends a relationship that began with Daytona’s Series A and targets demand for secure compute environments for autonomous AI agents.
Daytona fundingFrench accounting and financial management platform Dougs has raised EUR 50 million from Expedition Growth Capital to accelerate AI automation and broaden adjacent services.
Dougs fundingBF International has agreed to acquire control of Italian agritech leader Diagram in a EUR 448 million transaction, lifting its stake to 57.27% and setting up a phased buyout of the remaining CDP Equity holding through 2029.
BF InternationalReggio Emilia-based Bontiamo has agreed to acquire Caseificio di Gavasseto e Roncadella, adding a Parmigiano Reggiano cheesemaking operation. Financial terms were not disclosed; the deal is slated to become operational on 1 January 2027.
BontiamoBluegem Capital Partners is acquiring Italy’s Rispo Frozen Foods from Europe Capital Partners, backing a new platform for premium Italian frozen specialties and a pan-European buy-and-build plan.
Bluegem Capital PartnersLuxembourg-based Osavul has raised EUR 8.5 million in Series A funding led by 33N Ventures, with Balnord, G+D Ventures and 42CAP participating. The company will expand from government and defence into enterprise and critical-infrastructure operators.
OsavulSofina and CVC Capital Partners have announced a tie-up between Portugal’s Cerealis and France’s Panzani to form a decentralized European food group anchored in branded and private-label staples.
CerealisSofina and CVC Capital Partners have agreed to combine Panzani Group and Portugal-based Cerealis in a packaged-food tie-up. The structure keeps CVC and Cerealis’s founding families as minority shareholders alongside Sofina.
SofinaSofina and CVC Capital Partners have agreed to acquire Portuguese food group Cerealis, a platform exposed to European consolidation dynamics in pasta, cereals and milling.
Cerealis acquisitionRabot Energy has secured a $50 million Series B led by Endeit to scale its dynamic power retailing in Germany and build a platform linking home batteries, EV chargers and heat pumps into a virtual power plant.
Rabot EnergyCodex Capital is backing the combination of AnyCard, Lifestyle and Savvy under the new Norell group, scaling a cross-border gift-card and stored-value platform. Terms were not disclosed.
Codex CapitalInfraVia Capital Partners-controlled D-Marin has acquired Porto San Rocco Marina Resort in Italy, extending its rapid Italian build-out as specialist operators aggregate Adriatic assets. Terms were not disclosed.
InfraVia Capital PartnersHOFI, controlled by Antin Infrastructure Partners, has acquired a 60% stake in Dueci, entering Italy’s pet aftercare market via the Il Fido Custode platform. Terms were not disclosed.
Antin Infrastructure PartnersAmbienta has agreed to acquire a majority stake in Italy’s Energreen, a maker of self-propelled and remote-operated vegetation-management machines, in a deal reported at EUR 300 million.
AmbientaDie Höhle der Löwen accessory brand Cropsta has secured funding from Ralf Dümmel after attracting multiple investor offers. The deal underlines how TV exposure can fast-track consumer products into distribution talks.
CropstaItalian craft brewer Baladin has raised EUR 16.4 million from a Dutch fintech entrepreneur’s family office for a significant minority stake. The funding underwrites capacity expansion and a bigger retail footprint while keeping founder control intact.
BaladinBuenavista has acquired a 71.2% stake in Spain’s Tiryaq Medical Group, backing a trauma and spine platform active across Madrid, Barcelona and Málaga. The deal includes a capital increase to fund expansion.
BuenavistaBuenavista Equity has acquired 71.2% of Spain’s Tiryaq Medical Group alongside a capital increase to fund expansion. The deal backs a buy-and-build plan in traumatology and regenerative medicine.
Buenavista EquityMomentum Capital Partners has invested EUR 4.44 million in Poland’s KP Labs for a minority stake. The funding targets serial hardware production, international sales, and expansion of commercial in-orbit data processing products.
KP LabsNextalia is preparing to acquire a 55% stake in Italian rigid food-packaging producer Plastic Legno, with the Sunino family reinvesting and retaining 45%. Terms were not disclosed.
NextaliaGV Group, owned by the Franceschi family’s SoFiGraf, has acquired CPI Books and CPI Antony Rowe in the UK. The deal adds scale in commercial print and print-on-demand, but terms were not disclosed.
SoFiGrafPoland’s Coding Giants has secured up to EUR 6 million in venture debt from Orbit Capital to accelerate expansion, led by the US and Mexico. The facility follows an EUR 8.5 million equity round and avoids new dilution.
Coding GiantsPSG Equity has backed the combination of Be-Cloud and QualityHosting to build a pan-European Microsoft cloud and managed-services platform spanning France, DACH and the Benelux.
PSG Equity