M&A and Asset Sales

Guidewire agreed to buy Hyperexponential for $1.7bn plus up to $400m. UK filings show an existing preferred stack, not a new pre-sale financing.

MIF's 85% Cashbee deal followed a 2024 financing in which it supplied 85.6% of the round, turning a new control headline into a consolidation story.

Diatech says it acquired SensoQuest, but German filings show insolvency and dissolution came first, leaving Labcycler’s business transfer and creditor outcome unpriced.

Biogeen acquired the Pliening biomethane plant from an insolvent operating KG, retaining six jobs while creditors remain exposed to estate recovery.

Before EDF agreed to sell Hynamics to Hy24, the hydrogen subsidiary reset €79.5m of capital, took €21m more and simplified its group structure.

Dougs' €50m AI round also rolled €185m of existing shares into a new Holdco, issued a redacted preference class and funded employee liquidity.

Duralex's €16m rescue keeps 155 jobs but replaces a worker-controlled SCOP, shifting control to Tomé and public-backed private capital in a court-selected rescue.

Stryker announced a $400m preferred investment in CMR Surgical, but the same-day filing recorded only 268 ordinary shares and unchanged preferred ranking.

Circula reached Personio after six years of filed capital increases, but the public register still does not show who held or monetized the sale.

KmB moved from EMAG and Scherer to Mutares' wholly owned FERRAL vehicle before its October 2026 provisional insolvency, clarifying who sat above the risk.

ReGuest cut its Servecloud stake from 30% to 3%, took €0.5m cash and a €2.5m 6% convertible loan, shifting most equity risk into credit over three years.

North Data's latest shareholder list shows Wiener Börse took 80% through existing shares, while founder Frank Debatin kept 20% and two 30% blocks exited.

VoltR's €22m industrialisation package follows a 2025 capital repair: an emergency €400,002.76 issue, a rejected dissolution vote and a founder SPV.

Main's Raynet deal follows a four-step legal control chain from founders to rayASSETS, Rebella 3 and Raynet Holding, while 2026 seller details remain open.

Everything Technologies is selling software after a CVL. Filings show £1,743,805 of called-up capital, £1,494 cash realization and uncertain IP value.

Kaiko's $110m strategic round arrived beside €35.5m of share-funded acquisitions, issuing 553,134 shares while investor allocations remain undisclosed.

Campagnolo announced that SPAC SA will acquire a minority stake while the family keeps control; price, size and primary funding effect remain undisclosed.

Limetax announced €36m for a tax-firm roll-up. German filings show a €25,000 regulated auditor owning a separate €25,000 HQ entity; the borrower remains unidentified.

CVC DIF agreed to buy a significant firstcolo majority from CUBE, keeping founders in place while a 24 MW FRA7 build anchors the next growth phase.

r3leaf's shareholder list records a 50% founder block assignment before insolvency, while the public sale process leaves the recipient and price undisclosed.

IFX Technologies emerged from intelligent fluids' restructuring with a €30,096 capital base and a new 33.33% Heing SPV stake, not the old investor map.

Mosaic IT bought Deskcenter’s software, code, brands and domains after investor financing failed, while 41 jobs disappeared and creditor recovery stayed undisclosed.

Aibly's liquidators are selling its AI compliance IP after £467,430 of cash-paid allotments, a satisfied bank charge and £120,234 of net liabilities.

Pollmann put three Austrian entities into restructuring while foreign subsidiaries and Maxxom continue, making it an entity-ring-fenced reset for the auto supplier.

Lowell's 2026 reset offers creditors conditional new-parent equity while Orlando buys its DACH platform, linking debt relief to a cross-border carve-out.

Enpulsion's Lift Me Off deal coincided with a founder exit, buyer-side appointment and accounts warning that funding and sale completion still mattered.

Oakley bought a majority of Graphwise after Ontotext absorbed Vienna's Semantic Web Company, putting the merged group, not one startup, at the deal's centre.

Deutsche Telekom agreed to buy Fiberhost's open-access network and INEA's retail business, reunited after a 2021 split under one Polish holding chain.

Shell sold sonnen to TIVEN, but filings show a new YUMA vehicle held 98.33% of sonnen Holding weeks before the completion statement went public.

Valerio pairs a €30m Etherna acquisition with a €40.25m PIPE, funding a loss-making RNA platform and integration of its Belgian manufacturing base.

DG Glas's €25,000 successor vehicle and shareholder filings predated DORMA-Glas's rescue announcement, separating operating continuity from creditor recovery.

BauWatch's reported €1bn sale follows a four-level Haniel ownership chain, with a domination agreement placing operating control above the share register.

q.beyond bought 51% of GITG and left its operating board intact, but a next-day filing put its top executives in two of three supervisory seats.

Before Madison Air agreed to buy ebm-papst for a reported $5.4bn, the German register still showed three equal family vehicles after a 2025 legal-form reset.

Before Lactalis agreed to buy Saputo’s UK dairy business for £988m, filings show a £21.1m parent repayment, £42.7m restructuring and a cleared charge.

Life Couriers' JLL sale followed a 64.26% indirect Actrax position across three German holding legs, while manager Dieter Kraft held a direct 1.98% stake.

Skye's proposed Redx merger would leave legacy Skye holders with 5.38%, while Redx holders and new financiers control 94.62% and Redx leads the board.

Amper paid €1.7m for Freqcon's operating assets, moving jobs into a €25,000 vehicle while the former PE-backed company stayed in insolvency.

Athora agreed to sell its €3.5bn German platform after abandoning a €19bn AXA expansion, reversing a strategy that would have added 900,000 policies.

Hometrack paid a £29.3m group dividend before Providence's deal, equal to 4.94 times annual profit as reported earnings fell 43% and net assets fell £20.9m.

Harvey Nichols was sold from administration after its accounts disclosed administration-contingent bids and a £46.8m swing from net assets to liabilities.

WestBridge is buying Beckett after filings showed £13.1m of turnover and pre-tax profit roughly doubled across Foresight's acquisition-led build-up.

Resurgens took majority control of Qarma through two new vehicles while three continuing shareholder vehicles retained a combined registered band of 25–40%.

Vista's Quantios deal crosses £92m of on-demand group payables and registered Jersey-share security created 69 days before the sale announcement.

Sudolabs' buyer vehicle took 100% of its Slovak operating company, while its former 35/35/30 parent was renamed and the founders stayed managers.

Cycles Lapierre reported €108.2m due within one year and €45.7m of negative equity after a €60m rescue, exposing its dependence on Accell funding.

Bridgepoint moved £2 million through Eagle UK Bidco into Eckoh three weeks before its undisclosed-price acquisition of Quality Xperience was announced.

Automata France entered liquidation after reporting €48.7 million of customer-product liabilities against €13.9 million of cash and crypto in 2024.

FNZ Bank's reported €400 million-plus sale follows a custody carve-in that produced €3.0 billion of assets and €250.1 million of book equity.

easyJet's proposed private structure caps Apollo below 50% of ordinary shares but adds a 14% to 17% preference, a 1.5x floor and consent rights.

PadelCity's €20m deal mixed €12m of fresh capital with €8m of secondary shares after a Schadeberg family vehicle bought 5.64% from key insiders.

Before Cover Genius bought Friendsurance, founder Tim Kunde increased his stake from 8.03% to 11.11%, while Hevella entered the exit with 54.03%.

Version Lens Sweden entered liquidation 48 days before Lovable acquired the Nalvin team, separating the talent deal from the venture-backed company.

Legora bought a Wexler that was 54% founder-owned on its last visible share count, but £4.66m of seed preference ranked ahead of ordinary shares.

Rail Europe's parent reported negative equity and its operating company lost €6.27m before Omio's proposed acquisition, putting price and debt at the centre.

After nearly €40m of venture funding, Noscendo entered insolvency. Bruker acquired DISQVER, patents and selected staff while the laboratory closed.

UK filings show Lightning Reach's founder lost control on 1 July as a buyer took at least 75% of rights and converted 256,163 shares into one ordinary class.

A French contribution report values Koyeb at about €27.8m and shows 36% of its shares rolled into Mistral, splitting liquidity from future upside.