Deal-Radar DACH, Week 44/2026

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

1. 44-001DE
   RoadsurferBuy-out

   München · Campervan rental

   The US financial investor Kennedy Lewis acquires a 66.69 percent majority stake in the Munich-based campervan rental company Roadsurfer. The founders retain a minority stake and remain operationally active in the company.

   Buyer

   Kennedy Lewis Investment Management

   Seller

   Gründer (Markus Dickhardt, Susanne Dickhardt, Stephie Niemann, Christoph Niemann, Jean-Marie Klein)

   Source: businessinsider.defirst reported 28/10/2026
2. 44-002DE
   Varta Consumer BatteriesCarve-out

   Dischingen · Household batteries, button cells, rechargeables

   The creditors Blantyre Capital, RBC BlueBay, Whitebox and Deutsche Bank take control of Varta Consumer Batteries through a debt-equity swap. The unit produces household batteries, button cells and rechargeable batteries in Dischingen with around 990 employees and was carved out of the group before Varta filed for insolvency.

   Buyer

   Blantyre Capital, RBC BlueBay, Whitebox und Deutsche Bank

   Seller

   Varta

   Source: Markt und Mittelstandfirst reported 28/10/2026
3. 44-003DE
   Messebau BodenseeSuccession

   Friedrichshafen · Trade fair and exhibition stand construction

   Haupter-Maier Capital acquires a majority stake in Messebau Bodensee, including the operating property. The company offers full-service trade fair construction solutions for customers in German trade fair cities.

   Buyer

   Haupter-Maier Capital

   Advisers

   ETL Bodensee (Buy-side), Benchmark International (Sell-side), pikepartners (Sell-side), Sparkasse Bodensee (Debt advisory)

   Source: majunke.comfirst reported 27/10/2026
4. 44-004DE
   Richter RasenSuccession

   Natural and rolled turf production

   AG Capital acquires a majority stake in Richter Rasen, a German producer and distributor of natural turf and rolled turf. The managing partners Bianca and Philipp Götz-Richter retain a significant stake and continue to run day-to-day operations.

   Buyer

   AG Capital

   Seller

   Private individual (Familie Götz-Richter)

   Source: mainsights.iofirst reported 27/10/2026
5. 44-005DE
   4ALLPORTALBuy-out

   PIM/DAM/MDM software

   Main Capital Partners acquires a majority stake in 4ALLPORTAL, a German provider of PIM, DAM and MDM software. The founders and management remain on board with a significant stake.

   Buyer

   Main Capital Partners

   Seller

   Founders and management

   Source: Main Capital Partnersfirst reported 26/10/2026
6. 44-006DE
   AlloheimSecondary

   Düsseldorf · Inpatient and outpatient care

   TA Associates acquires the Alloheim Group from Nordic Capital as new anchor shareholder, while Nordic Capital fully exits its investment after around nine years. Alloheim is the largest private provider of inpatient care in Germany with more than 320 senior residences.

   Buyer

   TA Associates

   Seller

   Nordic Capital

   Advisers

   Kirkland & Ellis (Buy-side), White & Case (beteiligt laut JUVE)

   Source: conalliance.comfirst reported 26/10/2026
7. 44-007DE
   SCHMABOSuccession

   HDD infrastructure services, horizontal drilling

   Maxburg Capital acquires a majority stake in the German infrastructure service provider SCHMABO, which offers horizontal drilling and rock drilling for infrastructure projects. The seller is founder and managing director David Martins, and the deal is intended to support organic and acquisitive growth.

   Buyer

   Maxburg Capital

   Seller

   David Martins (Gründer)

   Advisers

   Livingstone Partners (Sell-side)

   Source: ARQIS Rechtsanwältefirst reported 26/10/2026

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

1. 44-008CH
   Streicher & BrotschinAdd-on

   Basel · Fiduciary, tax and audit services

   SMART Holding AG acquires the fiduciary, audit and advisory firms Streicher & Brotschin in Basel. Founded in 1927, the firm offers fiduciary, tax, audit and advisory services and is being integrated into the platform Schweizer Treuhand Holding, supported by Winterberg Advisory, as part of a succession solution.

   Buyer

   SMART Holding AG

   Investor

   Winterberg Advisory GmbH

   Seller

   Charles Tissier, Michel Rohrer

   Source: majunke.comfirst reported 27/10/2026
2. 44-009DE
   Beton- und Naturstein BabelsbergAdd-on

   Potsdam · Concrete solutions for architecture and construction

   INDUS portfolio company BETOMAX acquires 70% of the shares in Beton- und Naturstein Babelsberg GmbH. The company develops and manufactures custom concrete solutions for refurbishment, heritage conservation, garden and landscape construction, and interior design.

   Buyer

   BETOMAX

   Investor

   INDUS

   Advisers

   KÜMMERLEIN (Buy-side)

   Source: kuemmerlein.defirst reported 26/10/2026

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

1. 44-011DE
   SAFUSStrategic

   Pfarrkirchen · Electronic and mobile sirens, warning systems

   HÖRMANN Warnsysteme GmbH of the HÖRMANN Gruppe acquires 100 per cent of the shares in SAFUS GmbH in Pfarrkirchen. SAFUS manufactures electronic and mobile sirens as well as the control centre software SiMaSo and employs more than 50 people.

   Buyer

   HÖRMANN Warnsysteme GmbH

   Source: eqs-news.comfirst reported 29/10/2026
2. 44-013DE
   HyProMag GermanyStrategic

   Pforzheim · Rare earth magnet recycling and manufacturing

   HyProMag UK, a subsidiary of Maginito, which is backed by Mkango, acquires the remaining 10 per cent of HyProMag Germany for £1.06m and then holds all shares. HyProMag Germany is commissioning a rare earth magnet recycling and manufacturing facility in Pforzheim.

   Buyer

   HyProMag UK

   Seller

   Professor Carlo Burkhardt

   Advisers

   SP Angel Corporate Finance (Buy-side)

   Source: Mkango Resources Ltd.first reported 28/10/2026
3. 44-014AT
   Palfinger Tail and Passenger Lift BusinessCarve-out

   Tail lifts and passenger lifts for vehicles

   Palfinger signs a binding preliminary agreement on the sale of its tail lift and passenger lift business to an undisclosed strategic investor. Closing is subject to regulatory approvals, including German antitrust clearance, and is expected at the end of 2026 or the beginning of 2027.

   Buyer

   nicht genannter strategischer Investor

   Seller

   Palfinger

   Source: PALFINGER AGfirst reported 28/10/2026
4. 44-015CH
   RocephinStrategic

   Basel · Antibiotic brand, pharmaceutical product

   DKSH acquires the rights to the antibiotic brand Rocephin from Roche in more than 80 markets. The product contains the active ingredient ceftriaxone and generated net sales of around CHF 61m in 2025.

   Buyer

   DKSH

   Seller

   Roche

   Source: cash.chfirst reported 28/10/2026
5. 44-016AT
   SAR ANLAGENBAUStrategic

   Hausmening · Electrical engineering and automation

   SPIE signs the agreement to acquire 76% of SAR ANLAGENBAU GmbH. SAR, based in Hausmening, offers electrical engineering and automation for industrial and infrastructure projects, has around 230 employees and generated revenue of about €100m in 2025/26.

   Buyer

   SPIE Germany Switzerland Austria

   Seller

   Arno Reisinger (Geschäftsführer und Gesellschafter, behält bis zu 24 %)

   Source: presseportal.defirst reported 28/10/2026
6. 44-017DE
   Trench GroupStrategic

   Berlin · High-voltage components for power grids

   GE Vernova acquires Trench Group from Triton Partners for a purchase price of around $9.0bn. Trench Group, based in Berlin, develops and manufactures high-voltage components for power transmission grids.

   Buyer

   GE Vernova

   Seller

   Triton Partners

   Advisers

   Bank of America, Morgan Stanley & Co. International (Sell-side), Latham & Watkins (Rechtsberater Triton Partners), Goldman Sachs & Co., UBS Investment Bank (Buy-side), Skadden (Rechtsberater GE Vernova)

   Source: triton-partners.comfirst reported 28/10/2026
7. 44-018AT
   Winkler F S TransportSuccession

   Hörsching · Transport, general cargo, containers

   kokei Nachfolge acquires the transport company Winkler F S Transport from Hörsching near Linz. The family business with around 40 vehicles and 55 employees specialises in general cargo and swap body freight, and the previous owner initially stays on board.

   Buyer

   kokei Nachfolge

   Seller

   Familie Winkler (bisheriger Eigentümer)

   Source: trendingtopics.eufirst reported 28/10/2026
8. 44-019DE
   drei Agri-Photovoltaik-Co-Location-ProjekteStrategic

   Agri-PV and battery storage projects

   Diveo sells three agri-PV projects with battery storage in southern Germany to a German energy supplier. Diveo is a spin-off of Fraunhofer ISE and develops co-location concepts combining agricultural use and solar power generation.

   Buyer

   etabliertes deutsches Energieversorgungsunternehmen

   Seller

   Diveo GmbH

   Advisers

   Carlsquare (Sell-side)

   Source: solarserver.defirst reported 27/10/2026
9. 44-020DE
   Gruber AGStrategic

   Hamburg · Freight forwarding, combined transport, rail transport

   Gruber Logistics acquires Gruber AG of Hamburg, strengthening combined transport between Italy and the Port of Hamburg. The Hamburg company specialises in intermodal transport and rail freight via the Brenner Pass.

   Buyer

   Gruber Logistics

   Seller

   Managergruppe

   Source: eurotransport.defirst reported 27/10/2026
10. 44-021DE
    HerrenhausStrategic

    Leer · Menswear retail

    Kruse Moden takes over the menswear retailer Herrenhaus from Leer in spring 2027. Kruse Moden has been active as a menswear retailer in Rhauderfehn for over 30 years.

    Buyer

    Kruse Moden

    Source: textilwirtschaft.defirst reported 27/10/2026
11. 44-022DE
    HIV-HoffmannStrategic

    Bielefeld · Industrial image processing, automation technology

    GLOBOS acquires HIV-Hoffmann, a specialist in industrial image processing and automation technology from Bielefeld. The two companies combine their expertise in identification and automation technology for intralogistics.

    Buyer

    GLOBOS Logistik- und Informationssysteme GmbH

    Seller

    Björn Hoffmann

    Source: majunke.comfirst reported 27/10/2026
12. 44-023DE
    Karl-August KlietschStrategic

    Siegen · CAD software, manufacturing automation

    Autodesk acquires the Inventor products SolidSteel parametric and DSTV Assistant from Ingenieurgemeinschaft Karl-August Klietsch GmbH. The company develops CAD software solutions for steel construction, plant engineering and mechanical engineering.

    Buyer

    Autodesk

    Seller

    Ingenieurgemeinschaft Karl-August Klietsch GmbH

    Advisers

    RSM Ebner Stolz (Sell-side, Legal), FBT Gibbons (Sell-side, US-Recht)

    Source: ebnerstolz.defirst reported 27/10/2026
13. 44-024AT
    Nothegger Standort WelsStrategic

    Wels · General cargo logistics site

    Aigner Spedition takes over the Nothegger site in Wels on 1 November 2026. The site remains a partner in the general cargo network of Online Systemlogistik.

    Buyer

    Aigner Spedition

    Seller

    Nothegger Systemlogistik

    Source: eurotransport.defirst reported 27/10/2026
14. 44-025DE
    PulmotreeStrategic

    Pulmonary drug delivery, inhalation systems

    Aptar Pharma acquires the German company Pulmotree, which develops the Kolibri platform for non-propellant-based liquid inhalers for targeted pulmonary drug delivery. The acquisition builds on a collaboration begun in 2024 and is intended to combine Kolibri with Aptar's regulatory, manufacturing and commercial capabilities.

    Buyer

    Aptar Pharma

    Source: Aptar Pharmafirst reported 27/10/2026
15. 44-026CH
    Beyond CivicStrategic

    Luzern · Data ecosystems, governance software

    ELCA acquires a majority stake in Beyond Civic, a Lucerne-based specialist in data ecosystems and trusted data exchange. Beyond Civic continues as an independent company within the ELCA group with its existing management.

    Buyer

    ELCA Group

    Seller

    Gründer

    Source: presseportal.chfirst reported 26/10/2026
16. 44-027CH
    ContrinexStrategic

    Industrial sensors for factory automation

    Nordson Corporation acquires the Swiss sensor manufacturer Contrinex from shareholder Annette Heimlicher for around $168m. Contrinex manufactures inductive and optoelectronic position sensors as well as smart measuring sensors for factory automation.

    Buyer

    Nordson Corporation

    Seller

    Annette Heimlicher

    Advisers

    Oaklins (Sell-side, M&A), Bär & Karrer (Sell-side, Legal)

    Source: Nordson Corporationfirst reported 26/10/2026
17. 44-028CH
    FlexOfficeStrategic

    Managed offices and coworking

    Swiss Prime Site acquires the remaining shares in FlexOffice and increases its stake from 33% to 100%. FlexOffice operates managed offices and coworking at 11 locations in Basel, Bern, Geneva and Zurich.

    Buyer

    Swiss Prime Site

    Source: mainsights.iofirst reported 26/10/2026
18. 44-029DE
    Haupt Pharma WülfingStrategic

    Gronau · Pharmaceutical production, solid dosage forms

    Tillotts Pharma acquires Haupt Pharma Wülfing GmbH, based in Gronau with around 280 employees. The site produces solid dosage forms and is the central manufacturer of Asacol in the Tillotts portfolio.

    Buyer

    Tillotts Pharma AG

    Source: ots.atfirst reported 26/10/2026
19. 44-030DE
    Hermann Müller MedizintechnikStrategic

    Sterilisation containers and surgical devices

    STERIS acquires Hermann Müller Medizintechnik, a German manufacturer of sterilisation container systems and surgical devices, from CEECAT Capital. The company supplies customers in more than 90 countries and has a production facility in Turkey.

    Buyer

    STERIS

    Seller

    CEECAT Capital

    Advisers

    R.W. Baird (Sell-side, M&A), Fieldfisher (Sell-side, Legal), Erdem & Erdem (Sell-side, Legal), Freitag & Co (Buy-side, M&A), Squire Patton Boggs (Buy-side, Legal)

    Source: mainsights.iofirst reported 26/10/2026
20. 44-031DE
    MediaMobil CommunicationMinority stake

    Bremen · Satellite connectivity, mobile communication

    OHB acquires 25% of MediaMobil Communication as part of a capital increase. MediaMobil offers mobile satellite communication and connectivity solutions for crisis and offshore operations.

    Buyer

    OHB

    Source: OHB SEfirst reported 26/10/2026
21. 44-100AT
    Vexcel ImagingStrategic

    Aerial imagery and geodata

    The US-based CoStar Group acquires the Austrian aerial imagery and geodata provider Vexcel Imaging for around $730m in cash. Vexcel most recently generated revenue of over $140m with an adjusted EBITDA of $28m.

    Buyer

    CoStar Group

    Advisers

    William Blair (Sell-side, M&A), Snell & Wilmer (Sell-side, Legal), Goldman Sachs (Buy-side, M&A), Latham & Watkins (Buy-side, Legal)

    Source: mainsights.iofirst reported 28/10/2026

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

1. 44-033DE
   Northern Fiber HoldingInsolvency

   Fibre and broadband network operator

   Strategic Fiber Networks GmbH, a portfolio company of the funds advised by iCON Infrastructure, acquires Northern Fiber Holding. The company operates fibre networks in Lower Saxony, Schleswig-Holstein and North Rhine-Westphalia under the brands Lünecom and sewikom. The legally binding StaRUG restructuring plan enables the sale and refinancing.

   Buyer

   Strategic Fiber Networks GmbH

   Investor

   iCON Infrastructure

   Advisers

   GÖRG (Sell-side, Restrukturierung), Deloitte (Sell-side), Brinkmann & Partner (Restrukturierungsbeauftragter), Dentons (Treuhänder), Noerr (Berater des Treuhänders), Gleiss Lutz (Buy-side), Clifford Chance (finanzierende Banken)

   Source: goerg.defirst reported 28/10/2026
2. 44-034DE
   Nüllig & HaßInsolvency

   Wuppertal · Haulage and warehouse logistics

   NHL GmbH acquires the insolvent Wuppertal haulage company Nüllig & Haß OHG, including all 120 jobs, by way of a business purchase agreement effective 17 October 2026. The company offers national and international transport services as well as warehouse logistics.

   Buyer

   NHL GmbH

   Advisers

   ATN (Insolvency administrator), Helmut Rosbach

   Source: der-indat.defirst reported 28/10/2026
3. 44-035DE
   GWSPA ProduktionInsolvency

   Wasserburg am Inn · Ventilation technology, surface finishing, appliance construction

   The Demmel Group takes over the business operations of the insolvent GWSPA Produktion GmbH in Wasserburg am Inn and will continue them as Demmel GronTec GmbH. The company manufactures components in ventilation technology, surface finishing and appliance construction for the household appliance industry, automotive and medical technology.

   Buyer

   Demmel Gruppe

   Advisers

   Anchor Rechtsanwälte (Eigenverwaltung), Schultze & Braun (Custodian, Volker Böhm), PLUTA Management (Verkaufsprozess, Investor process), Taylor Wessing (Legal, Rechtsberatung, Dr. Hendrik Boss, Julia Siedhoff), allea consult (betriebswirtschaftliche Beratung, betriebswirtschaftliche Begleitung, betriebswirtschaftlich, Lars Steinhagen, Bernd Grupp), Anchor (Sanierungsgeschäftsführung, Markus Fauser, Johannes Chrocziel)

   Source: anchor.eufirst reported 26/10/2026
4. 44-036DE
   The Social ChainInsolvency

   Berlin · Listed shell (formerly social commerce)

   Hamburg-based Meridiana Capital Markets SE acquires all shares of The Social Chain AG under a legally binding insolvency plan. The listing on the General Standard remains in place, and the shareholders receive nothing.

   Buyer

   Meridiana Capital Markets SE

   Advisers

   GÖRG

   Source: juve.defirst reported 26/10/2026
5. 44-037DE
   WUTRAInsolvency

   Wurzen · Conveyor systems, bulk material handling

   The R&R-BETH Group acquires key assets and business activities of the insolvent WUTRA Fördertechnik GmbH in an asset deal. The business of the specialist in industrial exhaust air purification and conveyor technology continues in a newly founded company from 1 October 2026, and most of the 117 jobs are retained.

   Buyer

   R&R-BETH Group

   Advisers

   ABG Consulting-Partner (Investorensuche/Beratung WUTRA), Kulitzscher & Ettelt (Sanierungsberatung WUTRA), VOIGT SALUS (Custodian)

   Source: der-indat.defirst reported 26/10/2026

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

1. 44-038IT
   TARROS-GruppeStrategic

   La Spezia · Logistics, sea and intermodal transport

   Sogemar, a Contship subsidiary, acquires the TARROS Group, a logistics company focused on sea, rail and road transport in the Europe-Mediterranean-North Africa corridor. Completion is subject to regulatory approvals and is expected in the fourth quarter of 2026.

   Buyer

   Sogemar S.p.A.

   Source: eqs-news.comfirst reported 28/10/2026
2. 44-039BE
   CogeniusAdd-on

   Meter-to-cash software for energy suppliers

   Ferranti Computer Systems acquires the Belgian software provider Cogenius, expanding its offering for energy and utility companies. Cogenius offers meter-to-cash solutions for smaller and growing energy suppliers.

   Buyer

   Ferranti Computer Systems

   Investor

   Main Capital Partners

   Advisers

   Cresco (Buy-side, Legal)

   Source: mainsights.iofirst reported 27/10/2026
3. 44-040GB
   Dunedin AdvisoryAdd-on

   Glenrothes · Insolvency and restructuring advisory

   Wbg, a Glasgow-based accounting and advisory firm backed by N4 Partners, acquires the Scottish advisory firm Dunedin Advisory. Dunedin Advisory offers insolvency, restructuring, turnaround, succession and debt advice in the east of Scotland.

   Buyer

   Wbg

   Investor

   N4 Partners

   Source: Accountancy Todayfirst reported 27/10/2026
4. 44-042GB
   Haulaway (skip hire and waste transfer operations)Add-on

   Hailsham · Skip hire, waste transfer, recycling

   EverGrowth Group acquires the skip hire and waste transfer activities of Haulaway. Haulaway retains its own recycling facility and focuses investment on it.

   Buyer

   EverGrowth Group

   Investor

   FourLeaf Capital

   Seller

   Haulaway

   Advisers

   Affinia (Sell-side, M&A), Schofield Sweeney (Sell-side, Legal)

   Source: letsrecycle.comfirst reported 27/10/2026
5. 44-043GB
   Medway HeatingAdd-on

   Bolton · HVAC and plumbing installation, maintenance

   EverGrowth Group acquires a majority stake in Medway Heating, a provider of HVAC and plumbing services for commercial, industrial and residential customers. The platform is financed by FourLeaf Capital and gains its first hard services division with the deal.

   Buyer

   EverGrowth Group

   Investor

   FourLeaf Capital

   Advisers

   KBS Corporate Finance (Sell-side, M&A), Freeths (Sell-side, Legal)

   Source: EverGrowth Groupfirst reported 27/10/2026
6. 44-044NL
   TerratechStrategic

   Producer of Mikolit swelling clay pellets

   K3, a Dutch family-run land development company, acquires Terratech, a Dutch manufacturer of Mikolit swelling clay pellets for sealing boreholes. Terratech remains operationally independent within K3.

   Buyer

   K3

   Advisers

   Clairfield (Sell-side)

   Source: mainsights.iofirst reported 27/10/2026
7. 44-045AE
   DuproofStrategic

   Dubai · Bituminous waterproofing membranes

   Sika acquires Duproof, a manufacturer of bituminous waterproofing membranes with a production site in Dubai. This strengthens Sika's product offering and supply chain in the United Arab Emirates.

   Buyer

   Sika

   Source: cash.chfirst reported 26/10/2026
8. 44-046SE
   Elektrikern SödraAdd-on

   Electrical installation, service, maintenance

   VDK Group acquires the Swedish electrical installation service provider Elektrikern Södra from the founders Nicklas Malja and Christian Stenquist. The company serves municipalities, construction companies and commercial property customers with around 43 employees.

   Buyer

   VDK Group

   Investor

   EMK Capital

   Seller

   Nicklas Malja, Christian Stenquist

   Source: mainsights.iofirst reported 26/10/2026
9. 44-047NL
   Fletcher HotelsSecondary

   Hotel group, hotel operations

   Sunday PropTech, a US platform for hotel ownership, investment and asset management, acquires 100% of Fletcher Hotels from Egeria and the management. Fletcher operates 170 hotels in the Netherlands, Belgium and Germany with over 5,800 employees.

   Buyer

   Sunday PropTech

   Seller

   Egeria und Management

   Advisers

   Rothschild (Sell-side)

   Source: NL Timesfirst reported 26/10/2026
10. 44-048GB
    Hy-Ram EngineeringAdd-on

    Mansfield · Manufacturer of water main tools

    Uniwater acquires Hy-Ram Engineering, a British manufacturer and hirer of tools for connecting, isolating and repairing pressurised water mains. It is Uniwater's second British acquisition after WCI and is intended to widen access to water utilities, construction companies and wholesalers.

    Buyer

    Uniwater

    Investor

    Nalka

    Source: mainsights.iofirst reported 26/10/2026
11. 44-049NL
    IT ProAdd-on

    Nuenen · Managed IT provider for SMEs

    Futureproof Group acquires the Dutch managed IT service provider IT Pro from Nuenen, which serves SMEs, healthcare and the public sector with cloud, cybersecurity and workplace services. Founder Harm Dovens remains with the company as managing director.

    Buyer

    Futureproof Group

    Investor

    MKB Fonds

    Seller

    Harm Dovens

    Source: mainsights.iofirst reported 26/10/2026
12. 44-050IE
    ITQuotesStrategic

    Dublin · IT systems house, value added reseller

    Bechtle acquires the Irish IT systems house Technology First Ltd., known as ITQuotes, based in Dublin. The company employs 20 people and generated revenue of over €30m in 2025 as an IT reseller.

    Buyer

    Bechtle

    Seller

    Joe Finucane, Brian Lehane

    Source: channelpartner.defirst reported 26/10/2026
13. 44-051FR
    StuartStrategic

    Urban last-mile logistics platform

    Mutares sells the SRT Group (Stuart), a platform for urban last-mile logistics, to Quiver. Closing is expected in Q4 2026 and is subject to the information of employee representatives.

    Buyer

    Quiver

    Seller

    Mutares SE & Co. KGaA

    Source: mutares.comfirst reported 26/10/2026
14. 44-052NL
    WellGearMinority stake

    Assen · Oil and gas well abandonment, well integrity services

    Waterland Private Equity enters a strategic minority partnership with WellGear, a Dutch provider of well abandonment and well integrity services. The founder and management retain their shares, while Pontex exits.

    Buyer

    Waterland Private Equity

    Seller

    Pontex

    Source: mainsights.iofirst reported 26/10/2026
15. 44-102BG
    MARS ArmorAdd-on

    Kostinbrod · Personal ballistic protective equipment

    Mehler Systems, a DPE portfolio company, signs the agreement to acquire a majority stake in MARS Armor. The Bulgarian company manufactures ballistic vests, helmets, shields and protective equipment for demining.

    Buyer

    Mehler Systems

    Investor

    DPE

    Source: dpe.defirst reported 29/10/2026
16. 44-104US
    RapakStrategic

    Woodridge, IL · Bag-in-box packaging and filling systems

    Ringmetall SE acquires 100 percent of the shares in Rapak, LLC. Rapak produces bag-in-box bags and filling systems for food, beverages and industrial liquids, has around 50 employees and revenue of about $20m. Closing is planned for 2 November 2026.

    Buyer

    Ringmetall SE

    Source: eqs-news.comfirst reported 29/10/2026
17. 44-105NL
    XelionStrategic

    Delft · Cloud telephony and communication platform

    KPN acquires the Dutch provider Xelion and integrates it into its SME business unit. Xelion offers a platform for telephony, messaging, video telephony and customer contact and sells it through partners, including in Germany.

    Buyer

    KPN

    Seller

    Gründer Micha Cohen

    Source: channelpartner.defirst reported 29/10/2026
18. 44-108NO
    Color LineStrategic

    Ferry and cruise operator

    The Swedish group Stena (publ.), owner of Stena Line, acquires Color Group, parent company of the Norwegian ferry and cruise operator Color Line. Color Line operates 5 ships on 4 international routes between Norway and Germany, Denmark and Sweden.

    Buyer

    Stena (publ.)

    Seller

    ONS Invest II (Olav Nils Sunde und Familie)

    Advisers

    Thommessen (Sell-side, Legal)

    Source: mainsights.iofirst reported 26/10/2026

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

1. 44-053US
   BreedrFunding round

   Austin · Precision livestock platform, beef supply chain

   Breedr raises $27m in a Series B round led by Partech through its impact fund. The company operates a platform that digitally records the life history of individual cattle, with a management app, a marketplace and a financing fund.

   Investor

   Partech Impact

   Advisers

   Code & Co. (Tech-, AI-Due-Diligence für Partech Impact)

   Source: majunke.comfirst reported 29/10/2026
2. 44-054DE
   StrollMeFunding round

   Frankfurt am Main · Children's products by subscription (rental)

   StrollMe completes a €22m financing, consisting of equity and a credit facility from Growth Credit Partners. BMH joins as a new investor through the Hessen Kapital I fund, and Hanse Ventures, HGDF, JOSS and a business angel invest again.

   Investor

   BMH Beteiligungs-Managementgesellschaft Hessen

   Source: startbase.defirst reported 29/10/2026
3. 44-055GB
   LetteFunding round

   AI software for property management

   Lette closes a seed funding round of $6.5m. The company develops an AI-based software platform for institutional residential property operators. The lead investor is Peak, with Pitchdrive, Heliad, Foreword VC and Adeline also participating.

   Investor

   Peak

   Source: startbase.defirst reported 28/10/2026
4. 44-057US
   NevisFunding round

   AI software for financial advisers

   Nevis closes a Series B financing round of US$70m. The company develops a software platform with AI agents that automates financial planning, client management and administrative processes for wealth managers.

   Investor

   EQT Ventures

   Source: startbase.defirst reported 27/10/2026
5. 44-058DE
   QwelloFunding round

   München · Electric vehicle charging infrastructure

   Qwello receives growth financing of up to €55m from the ABN AMRO Sustainable Impact Fund and existing investors such as Tiger Infrastructure Partners. The company operates public charging infrastructure for electric vehicles in eight European countries.

   Investor

   ABN AMRO Sustainable Impact Fund

   Source: startbase.defirst reported 27/10/2026
6. 44-059DE
   TendosFunding round

   München · AI software for building materials sales

   Insight Partners leads a €12m seed funding round in the Munich-based startup Tendos. Tendos develops AI agents that support building material manufacturers in tenders, enquiries and quotation preparation in sales.

   Investor

   Insight Partners

   Source: trendingtopics.eufirst reported 27/10/2026
7. 44-061FR
   PigmentFunding round

   AI-powered business planning software

   The Scaleup Europe Fund managed by EQT leads the Series E financing round in Pigment. Pigment is an AI-powered platform for business planning and performance management with a valuation of $2.3bn.

   Investor

   Scaleup Europe Fund

   Advisers

   Gibson Dunn (Buy-side)

   Source: gibsondunn.comfirst reported 26/10/2026
8. 44-062DE
   QuoIntelligenceFunding round

   Frankfurt · Cybersecurity threat intelligence platform

   Christian Lindner takes a stake in the Frankfurt cybersecurity startup QuoIntelligence via his investment company. The company operates the Mercury platform for cyber threat intelligence and risk analysis and closed a Series A round of €7.3m in April 2026.

   Investor

   Christian Lindner Beteiligungsgesellschaft

   Source: startbase.defirst reported 26/10/2026

Reported before 26/10/2026 and only now picked up by my sources. Details and source on the deal page.