Every Monday · Deals with a DACH link

Who bought this week.

Publicly announced transactions of the previous week with a link to Germany, Austria and Switzerland in one email, written in German. With the investor behind every add-on and a link to every source.

Deal-Radar DACHWeek 43/2026 · 26/10/2026

70Deals8Add-ons3Insolvency

DEALS OF THE WEEKNEWEST FIRST

24/10Hugo BosstoFrasers Group
23/10FermacelltoHolcim
23/10Papeterie SchochtoOrell Füssli Thalia
23/10SamplabtoApple
23/10Bayerisch Gmain Pflege- und TherapiezentrumtoCOREH Care Holding GmbH
23/10MAFO SystemtechniktoDruckguss Westfalen Behringer
23/10AFC RecyclingtoHolcim
23/10BHR Transportbeton-GeschäfttoHolcim
23/10CelnortoGoldman Sachs Alternatives
23/10Cem'In'Eu GrouptoHolcim
23/10COL GrouptoEaton
23/10Moses LaketoRefactor Moses
23/10Shelly GrouptoSchneider Electric
23/10SinmedtoIndutrade
24/10Hugo BosstoFrasers Group
23/10FermacelltoHolcim
23/10Papeterie SchochtoOrell Füssli Thalia
23/10SamplabtoApple
23/10Bayerisch Gmain Pflege- und TherapiezentrumtoCOREH Care Holding GmbH
23/10MAFO SystemtechniktoDruckguss Westfalen Behringer
23/10AFC RecyclingtoHolcim
23/10BHR Transportbeton-GeschäfttoHolcim
23/10CelnortoGoldman Sachs Alternatives
23/10Cem'In'Eu GrouptoHolcim
23/10COL GrouptoEaton
23/10Moses LaketoRefactor Moses
23/10Shelly GrouptoSchneider Electric
23/10SinmedtoIndutrade

This weekWeek 43/2026 · Announced 19/10 to 25/10/2026

70 transactions with a DACH link

Plus 14 funding rounds for start-ups, listed below in their own block.

Archive315 deals by month

Private equity

Financial investors make new investments, buy from other investors, acquire corporate units or take minority stakes.

Add-ons

Acquisitions by companies owned by a financial investor. The investor is named with each deal.

Strategic and succession

Companies buy companies, families hand over, corporates sell parts of their business.

Insolvency

Asset deals out of insolvency and purchases from self-administration proceedings.

Acquisitions abroad

Acquisitions where the target is based outside Germany, Austria and Switzerland.

Venture and growth

Start-ups and young growth companies raise capital. These are not acquisitions, so they have their own block.

70 transactions and 14 funding rounds of Week 43/2026, as of 26/10/2026. SourcingClub was not involved in the transactions shown and works as a deal origination partner for some of the investors that appear here. Sorted by category and date of first announcement. Method · Report an error

Late additions

58 deals from earlier weeks

These transactions were announced before 19/10/2026 and have only now appeared in my sources. Every row leads to the deal page with its source.

Private equity

Financial investors make new investments, buy from other investors, acquire corporate units or take minority stakes.

Add-ons

Acquisitions by companies owned by a financial investor. The investor is named with each deal.

Strategic and succession

Companies buy companies, families hand over, corporates sell parts of their business.

Insolvency

Asset deals out of insolvency and purchases from self-administration proceedings.

Acquisitions abroad

Acquisitions where the target is based outside Germany, Austria and Switzerland.

Venture and growth

Start-ups and young growth companies raise capital. These are not acquisitions, so they have their own block.

Investors this week

30 investors made acquisitions

All investors

2 acquisitionsGoldman Sachs AlternativesdirectCelnorVeritas Advisory23/10 2 acquisitionsViessmann Generations GroupdirectFC Bayern MünchenVenios22/10 Add-onHgviaCTAIMASubclic23/10 Add-onTrailviaPlatform6Without Production23/10 Add-onAlkima PartnersviaDesi KimyaTechnology Packaging22/10 Add-onAmulet Capital PartnersviaTFP Fertility GroupManchester Fertility Group22/10 Buy-outARCHIMEDdirect3verest22/10 Buy-outArgon ManagementdirectVistona Group22/10 Add-onDBAGviaNew Energy GroupSandmann Infrastruktur22/10 Buy-outGilde Equity ManagementdirectDakgrind Nederland22/10 Carve-outKKRdirectHOERBIGER Safety Solutions22/10 Minority stakeKörberdirectNAiSE22/10

I · All deals

315 deals since launch, sorted by type, sector and investor.

Each overview shows its deals in full, each with buyer, investor and a link to the source. As of 26/10/2026.

By sector · who bought most recently141 of 315Software52 Healthcare34 IT Services12 Industrial Services11 Building Technology11 Business Services9 Tax5 Environmental4 Facility Management3

Other sectors without their own page: Industrials and engineering 30 · Retail and consumer goods 26 · Media, leisure and education 21 · Finance and real estate 19 · Energy and infrastructure 16 · Chemicals and materials 13 · Mobility and logistics 13 · Construction and building materials 11 · Food and agriculture 10 · Aerospace and defence 10 · Personal services 5

Investors with the most recorded deals

Advisers All investors

Afinum Management4 deals KKR4 deals Main Capital Partners4 deals All Seas Capital3 deals DBAG3 deals DPE3 deals Netley Capital3 deals

Archive by month

Each month on one page, with all its deals. The Excel file is still available on request.

SourcingClub was not involved in the transactions shown and works as a deal origination partner for some of the investors that appear here. The order follows the number of deals only. Method · Report an error

II · One entry in detail

More than buyer and target

A ticker reports that Argon Management is buying Vistona Group. In the Deal-Radar you also see who stands behind the buyer, who advised and when the deal first became public.

1Investor behind the buyer. For every add-on, so you can see which platform is being built out.
2Advisers on both sides, where the source names them.
3Date of the first report. A closing from the spring does not run as a new deal.
4Link to the source. You can check every detail yourself.

Buy-out · Private equityVistona GroupBuilding waterproofing planning and execution · Widnau/Wangen im Allgäu, Switzerlandacquired byadvised byBuy-sideFirst report22/10/2026 Sourcemajunke.com ↗

III · Sources

What I cannot verify, I leave out

Every deal carries a link to its source. I prefer the announcement of the parties themselves, that is the law firm, adviser, buyer or investor.

How I work: the method

Origin of the sources · Week 43/202684 reports

Law firms and M&A advisers: 16; 19%
Press releases of the parties: 22; 26%
Trade press: 46; 55%

Base: all 84 reports of the week, that is transactions and funding rounds, without late additions. For 38 of them I link the announcement of the parties themselves, for the rest the trade press.

IV · Who it is for

For everyone who needs to know who is buying right now

Private equity and family offices

You see which platforms are making acquisitions in your sectors and where competitors are entering.

This week30 investors made acquisitions in Week 43/2026.All investors →

M&A advisers and law firms

You see who advised on which deal and which buyers are active in a sector.

This weekFor 29 deals the source names advisers, 38 firms in total.Advisers in the weekly list →

Owners and advisory boards

You see who is buying in your sector and how successions are solved. Before you think about a sale yourself.

This week in your sectorSoftware14 Healthcare13 Building Technology6Confidential and without pressure to sell: I tell you who is buying in your segment.Arrange an initial call →

Nick Herbig, founder of SourcingClub — **Nick Herbig**, SourcingClubHamburg

V · Who is behind it

I analyse these deals every week for my own work anyway. With the Deal-Radar I share the result.

With SourcingClub I look for owner-managed companies in the DACH Mittelstand on behalf of private equity investors. For that I need to know every week who bought what.

315
deals recorded: Week 41
first edition 2026: Mon 07:00
weekly email, in German

Frequently asked questions

What does the Deal-Radar cost?

Nothing. It is free for investors, advisers and business owners.

How complete is the list?

It is not complete, and I say so openly. It contains the publicly announced transactions with a DACH link that I find and can verify during the week. Many deals are never published, some I only find later. All information without guarantee.

Are older deals available too?

Yes. All recorded deals are in the archive by month, plus overviews by deal type, by sector and by investor. Every row leads to the deal page with its source.

Can I get the deals as an Excel file?

Yes, on request. I briefly check who is asking and then send the file by email. You may use it within your organisation.

How do I unsubscribe?

With one click at the end of every edition.

The next edition arrives on Monday.

The deals of the week, with investor, advisers and source. Free of charge, the email is in German.

Information from public sources, without guarantee and without claim to completeness. No investment or legal advice.