Mandata Acquires Stirling Solutions

Tenzing Acquires Mandata from LDC

October 7, 2021

Cloud & SaaS

Tenzing has acquired Newcastle-headquartered transport management software provider Mandata from mid-market private equity firm LDC. Mandata is a SaaS-based TMS serving UK haulage and carrier SMEs (about 120 employees, ~2,000 customers); financial terms were not disclosed and the deal follows LDC's 2018 investment that supported acquisitive growth and product development.

Mandata Acquires Returnloads.net

June 23, 2020

Logistics & Distribution

Northumberland-based transport management software provider Mandata has acquired Returnloads.net, the UK's largest online haulage and freight exchange, in a deal funded by LDC with debt facilities from Santander. The acquisition will expand Mandata's digital services and customer base by integrating Returnloads.net's load-matching marketplace with Mandata's transport management platform.

BNP Associates Acquires Studdiford Technical Solutions

September 24, 2025

Engineering Services

BNP Associates, a Godspeed Capital-backed air transportation design and engineering platform, has acquired Studdiford Technical Solutions (STS), a specialized aviation consulting firm focused on baggage and material handling and transportation security. The add-on expands BNP's terminal design capabilities, brings STS's TSA and airline customer relationships, and enhances the platform's technology and commissioning expertise.

Corsair Capital Acquires MSTS (Multi Service Technology Solutions) from World Fuel Services

July 30, 2020

Payments & Fintech

Corsair Capital LLC has entered into a definitive agreement to acquire MSTS (Multi Service Technology Solutions), a global B2B payments and credit solutions provider, from World Fuel Services Corporation. Corsair plans to operate MSTS as a standalone business to accelerate its technology platform, expand product offerings and geographic footprint, and capitalize on growth in the B2B payments market.

Trustmarque Acquires Livingstone Group

February 2, 2023

IT Services

Trustmarque, a UK IT solutions provider backed by One Equity Partners, has acquired Livingstone Group, a global specialist in software and cloud asset management and optimisation. The add-on expands Trustmarque's capabilities in software asset management (SAM), cloud optimisation and managed services, bringing approximately 150 Livingstone experts and a digital intelligence platform into the Trustmarque group.

Astorg Acquires Majority Stake in Steliau

February 26, 2024

Industrial Services

Astorg, a European private equity firm, has signed an agreement to acquire a majority stake in Steliau, a pan-European value-added distributor (VAD) of electronic solutions, from B&Capital. Steliau, founded in 1992 and headquartered in Montrouge, France, employs more than 200 people across eight countries and will partner with Astorg to accelerate organic growth and execute a buy-and-build strategy.