Acquisitions in Bavaria, Germany

Banyan Software announced the acquisition of Gini, a Munich-based provider of AI-powered document intelligence and payment solutions for banks, insurers, and e-commerce businesses. Gini will continue to operate independently with its leadership, brand, and product roadmap intact, while Banyan provides long-term operational support and capital to fund product development and market expansion.

OrbitsIQ Global, a telecommunications company specializing in satellite and terrestrial network integration, acquired UNIO Enterprise, a Munich-based provider of broadband connectivity solutions combining space-based and terrestrial (4G/5G) networks. The deal aims to strengthen multi-band mobility connectivity and telematics capabilities across sectors such as automotive, maritime, and aviation. Financial terms were not disclosed.

Chemservice, a regulatory compliance specialist for the chemical industry, entered into a strategic partnership with European private equity firm Waterland. Chemservice founder and CEO Dr. Dieter Drohmann and managing director Doris Peters will retain significant minority stakes and continue to lead the business. The partnership aims to accelerate growth and international expansion through organic initiatives and targeted M&A in a fragmented market.

ZAPI GROUP announced it has acquired a majority of Stercom Power Solutions, a Germany-based provider of intelligent charging and energy storage systems. The deal expands ZAPI GROUP’s electric-drive charging portfolio and technical capabilities, including high-voltage onboard charging and energy storage systems. Stercom Power Solutions will continue to operate as an independent entity in Bavaria, Germany, aligned with ZAPI GROUP.

NIIT Learning Systems Limited (NIIT MTS) has completed the acquisition of Munich, Germany-based MST Group via its wholly owned subsidiary NIIT (Ireland) Limited for €22.37 million (subject to adjustments). The deal expands NIIT MTS’ managed learning services footprint in Europe’s DACH region and adds MST Group’s QuickStart Learning Academy capabilities powered by the exTra platform, strengthening coverage in automotive, industrial, and energy sectors.

Banyan Software has acquired star/trac supply chain solutions GmbH, a Munich-based provider of intelligent yard and transport management software for chemical, industrial, and logistics customers. star/trac was previously a member of the Barkawi Group, and the acquisition is intended to support continued growth and product innovation in Germany and across Europe.

Great Hill Partners agreed to make a majority investment in Peter Park System GmbH, a Munich-based provider of digital parking solutions. The family office of ARBAnova Familienstiftung will also make an additional minority investment, while CEO/co-founder Maximilian Schlereth and the founding management team will roll over equity and continue to lead the company.

Relatech S.p.A., advised by BU Bregal Unternehmerkapital, announced the acquisition of the product suite of ConneXSoft GmbH, a Munich-based provider of SCADA extension software for building and energy management and industrial automation. The deal supports Relatech’s internationalization strategy and strengthens its industrial automation offering and Ignition SCADA distribution presence across Germany and Austria. A new entity, Relatech CXS GmbH, was established to serve the local market and support customers.

Bruker Corporation announced a majority investment in RECIPE Chemicals + Instruments GmbH, a Munich-based provider of mass spectrometry-based in vitro diagnostic assay kits for therapeutic drug monitoring and other clinical applications. The transaction strengthens Bruker’s small-molecule clinical diagnostics offering by combining RECIPE’s ClinMASS kits with Bruker’s EVOQ triple-quadrupole mass spectrometers and supporting the planned introduction of high-throughput, chromatography-free ClinDART workflows. Financial terms were not disclosed and RECIPE will continue operating under its current managing director.

EQT, through its EQT X fund, has become an anchor investor in WTS Group as part of a long-term strategic partnership, providing significant growth capital. The partnership is intended to accelerate WTS’s expansion in Germany and internationally through organic initiatives and M&A, alongside increased investment in digital services and artificial intelligence for tax and CFO-related advisory work. Closing is subject to customary regulatory approvals and is expected in summer 2025.

Seven2 agreed to acquire and has now closed the acquisition of a majority stake in HRK LUNIS, a German independent wealth management platform, from J.C. Flowers & Co. Following regulatory approvals, the transaction closed earlier than the initially expected Q4 2025 timeline, and HRK LUNIS management (including CEO/co-founder Andreas Brandt) retained a significant ownership stake. In a related transaction completed at the same time, HRK LUNIS also merged with Grossbötzl, Schmitz & Partner as part of its ongoing consolidation strategy.

TransPerfect acquired Munich-based dubbing and localization studio SPEEECH Audiolingual Labs, adding the business to its TransPerfect Media division. The deal expands TransPerfect’s German and multilingual media localization capabilities across dubbing, mixing, and post-production services. Financial terms were not disclosed.

Energy Infrastructure Partners AG (EIP) agreed to increase its ownership in BayWa r.e. via a €150 million capital increase, raising its stake from 49% to 65% and becoming the majority shareholder. The majority position was previously held by BayWa AG, and the transaction remains subject to customary regulatory approvals.

AMETEK, Inc. announced it has acquired Kern Microtechnik, a manufacturer of high-precision machining and optical inspection solutions. Kern will join AMETEK’s Electronic Instruments Group as part of its Ultra Precision Technologies division, expanding AMETEK’s precision manufacturing capabilities and geographic reach. Kern is headquartered near Munich, Germany and has annual sales of approximately €50 million.

ASSA ABLOY has acquired Uhlmann & Zacher GmbH, a Germany-based supplier of access control handles and knobs and related software for electronic locking systems. Uhlmann & Zacher, founded in 1990 and employing about 110 people, is headquartered in Waldbüttelbrunn, Bavaria, and reported approximately EUR 21 million of 2024 sales; ASSA ABLOY expects the deal to be accretive to EPS from the start.

The Riverside Company, through an affiliated European fund, invested in CRTM, a Munich-based German distributor of cleanroom consumables and equipment. The transaction is the fourth add-on acquisition for Riverside’s portfolio company Dastex Group GmbH, strengthening Dastex’s presence in the DACH region and expanding its product portfolio.

Therme Group acquired Therme Erding, a major wellness/thermal bathing destination located near Munich, Germany, adding it to Therme Group’s global portfolio of wellbeing infrastructure assets. To fund the acquisition, Therme Group combined its own equity with a €320 million financing package provided by Macquarie Capital Principal Finance and arranged by Deutsche Bank (with BF.direkt Group involved in structuring). The sellers are not explicitly named, though the Wund family is referenced in connection with Therme Erding.

W+S Real Estate Services GmbH has joined the encoviva Group, integrating into encoviva’s network focused on sustainable solutions for the building sector. The combination is intended to expand W+S’s resources, service offering, and geographic reach while maintaining its existing culture and customer relationships. The previous managing partners of W+S will become shareholders in the new group.

EQS Group acquired the ethics and compliance business division from OneTrust, including the Convercent by OneTrust platform. The deal expands EQS Group’s global footprint and strengthens its presence in the United States by adding an enterprise ethics and compliance management solution serving 1,000+ customers worldwide.

Apaleo raised €20 million in a growth equity round led by PSG Equity, with participation from existing investors Redalpine, FOMCAP IV, and Rockaway Ventures. The capital will be used to accelerate Apaleo’s international expansion in hospitality and serviced living, enhance its API-first property management platform, and attract talent.

ATHAGORAS Group announced the acquisition of CSO Pharma Consulting GmbH to expand and internationalize its pharmacovigilance and development services offering for the pharma and healthcare sectors. CSO will leverage ATHAGORAS’ platform and market presence to broaden its services across areas including pharmacovigilance, medical affairs, quality management, and GDP consulting as ATHAGORAS builds a leading European pharma and biotech services group.

HTEC Group Inc., a digital product development and engineering services company, announced the acquisition of eesy-innovation, an embedded hardware and software engineering provider focused on end-to-end IoT solutions. The deal strengthens HTEC’s capabilities in IoT, embedded engineering, and AI, while expanding its footprint in the European Union, particularly the DACH region. eesy-innovation is based in Munich, Germany (and also operates in Granada, Spain).

Lincoln International acquired TCG Corporate Finance, a boutique European technology and digital economy investment banking advisory firm with offices in Munich, Berlin, Stockholm, and London. The deal expands Lincoln’s technology investment banking advisory capabilities in Europe, particularly across software and IT services, and strengthens Lincoln’s Global Technology Group leadership and scale. Financial terms were not disclosed.

TalentNeuron, a Leeds Equity Partners portfolio company, acquired HRForecast, a Munich-based provider of strategic workforce planning and skills management software. The deal expands TalentNeuron’s strategic workforce planning offering by combining HRForecast’s workforce planning software and internal talent marketplace with TalentNeuron’s global labor market data and analytics. HRForecast will operate as a wholly owned subsidiary of TalentNeuron LLC, and co-founders Florian Fleischmann and Christian Vetter will join TalentNeuron.

Rivean Capital signed an agreement to acquire a majority stake in Perbility Holding GmbH, a German provider of cloud-based HCM (human capital management) software. The shares are being acquired from existing majority shareholder Main Capital Partners, with Perbility’s management team—led by founder and CEO Andreas Meck—remaining in place and reinvesting in the company.

accompio Group acquired 100% of PCK IT Solutions GmbH and PCK IT Datacenter GmbH on October 17, 2024. The deal strengthens accompio’s managed services footprint in southern Germany and adds owned data center capacity through PCK IT Datacenter. The acquisition was supported by EOS Partners GmbH, a private equity investor focused on SMEs.

Zillow Group acquired Virtual Staging AI (VSAI), an AI-powered virtual staging company that enables creation of digitally staged real estate listing images. The deal closed on Oct. 7, 2024, and VSAI’s team is integrating into Zillow’s AI and tech organization to embed the technology into products such as Zillow Showcase.

Bruker Corporation announced the acquisition of Dynamic Biosensors GmbH, a Munich-based developer of biosensor technologies and single-cell interaction cytometry systems. The deal expands Bruker’s biophysical and Surface Plasmon Resonance (SPR) biosensors portfolio for molecular interaction and kinetics analysis in drug discovery and research. Financial terms were not disclosed.

FLEX Capital acquired a majority stake in PROXORA, a Munich-based provider of compliance management software. The investment is intended to support PROXORA’s growth from a mid-market “hidden champion” into a leading European compliance management software provider, including further development and scaling of its SaaS compliance platform.

Dataciders acquired Nuremberg-based IT services provider PRODATO to strengthen and expand its data, analytics, and AI services footprint across the DACH region. Backed by Rivean Capital, Dataciders expects the deal to broaden its service and customer portfolio, partner ecosystem, and talent base, subject to customary closing conditions including competition authority approval.

Dataciders, a German provider of data and AI services, has acquired IT services provider Redpoint.Teseon to strengthen its expertise in supply chain management solutions. The deal is Dataciders’ first acquisition since private equity firm Rivean Capital’s entry in January 2024 and is positioned as the first step in a buy-and-build strategy.

Textron eAviation acquired substantially all the assets of Amazilia Aerospace, a German engineering firm specializing in digital flight controls and vehicle management systems. Amazilia, based in Munich, will continue supporting Textron’s Pipistrel subsidiary on programs including the Surveyor and Nuuva V300 UAV projects as Textron expands its electric aviation initiatives.

knowmad mood has acquired ASERVO Software GmbH, an enterprise software development and DevOps/DevSecOps services specialist headquartered in Munich. The deal supports knowmad mood’s entry and expansion in the German market and strengthens its capabilities in ALM and DevOps. Meridian Capital LLC advised ASERVO on the transaction, with Lupp + Partner as legal counsel, and PricewaterhouseCoopers advised knowmad mood.

Summa Equity has acquired a majority stake in FAST LTA GmbH, a Munich-based provider of secure and compliant data storage, archiving, and backup & recovery solutions. The investment is intended to support FAST LTA’s continued growth and expansion into adjacent and international markets, subject to regulatory approvals with expected closing in June.

MPR China Certification GmbH has entered into a strategic partnership with CERTANIA (CERTANIA Holding GmbH), joining CERTANIA’s Testing, Inspection & Certification (TIC) services group. The combination is intended to accelerate MPR’s growth and broaden its certification, inspection, and product testing offerings for companies accessing Asian markets. MPR’s management will retain independence while leveraging CERTANIA’s resources and partner ecosystem.

Fremman Capital agreed to acquire a majority stake in Connexta GmbH, a Munich-headquartered IT services platform serving SME customers across Germany with capabilities in core IT infrastructure, cloud solutions, and cybersecurity. The investment is being made alongside Connexta’s management and existing sellers, who will retain significant minority stakes, and is supported by a €90 million financing package arranged by H.I.G. WhiteHorse Europe. Connexta is positioned as a buy-and-build platform to continue consolidation in the fragmented German IT services market.

Transom Capital Group signed an agreement to acquire a majority stake in the Charging solutions business of German automotive supplier Webasto. Webasto will divest the unit as part of a strategic focus on its core businesses while remaining a minority shareholder. The purchase agreement was signed on February 7, 2024.

Headwall Photonics, a portfolio company of Arsenal Capital Partners, announced the acquisition of inno-spec GmbH, a Nuremberg-based manufacturer of industrial hyperspectral imaging systems. The deal expands Headwall’s capabilities across industrial machine vision applications such as recycling, sorting, and quality testing, combining Headwall’s optical components and remote sensing technologies with inno-spec’s industrial expertise.

GREENPEAK Partners announced that its holding group, PARATUS, has acquired aycan, a medical imaging IT solutions provider focused on PACS and workflow efficiency. Following the acquisition, aycan will join the PARATUS group and deepen collaboration with existing PARATUS member IMAGE Information Systems while maintaining its own operations and brand.

Thoma Bravo entered into an investment agreement with EQS Group AG and launched (and subsequently closed) a public takeover offer for all outstanding EQS shares at EUR 40.00 per share in cash, valuing EQS at approximately EUR 400 million of equity value. The acquisition was executed via Pineapple German Bidco GmbH, and following closing Thoma Bravo held approximately 98% of EQS, including shares tendered, market purchases, Achim Weick’s partial reinvestment, and a 10% capital increase subscribed by Thoma Bravo. EQS is expected to delist from the open market (Freiverkehr) with delisting anticipated to become effective in Q2 2024.

Keensight Capital has made an investment in aconso AG, a Munich-headquartered provider of cloud software for HR document management systems. Keensight will partner with aconso’s founders and management—who will retain a substantial stake—to support continued growth and expand aconso’s international footprint, with particular focus on the United States.

Gyrus Capital, a Geneva-based investment firm focused on healthcare and medical technology, acquired (via carve-out) LRE Medical GmbH, a provider of complex devices and analytical instruments for life sciences diagnostics. LRE Medical is headquartered in Nördlingen, Germany, and was previously owned by AIS Global, which became a portfolio company of KPS Capital Partners in 2019. The transaction was announced as expected to close in Q3 2023 and was later confirmed as completed on August 1, 2023.

EQT Private Equity and its co-shareholders have agreed to sell BBS Automation to MDAX-listed Dürr Group, subject to regulatory approvals. Headquartered in Munich, Germany, BBS Automation provides end-to-end factory automation solutions and will continue its growth under its existing leadership as part of Dürr Group.

Levine Leichtman Capital Partners (LLCP) agreed to invest in cleversoft Group GmbH, a Munich-headquartered provider of regulatory (RegTech) software for financial institutions, in partnership with founder Florian Clever and the existing management team. Main Capital Partners, cleversoft’s prior financial sponsor since 2018, will exit its investment; transaction terms were not disclosed.

QIA participated in a €255 million equity investment round led by Temasek in ITM Isotope Technologies Munich SE (ITM), a radiopharmaceutical biotech company. BlackRock Alternatives and other investors also joined the round, which is intended to fund ITM’s oncology pipeline development, commercial readiness, and expansion of manufacturing capabilities. The financing consisted primarily of primary capital with a minority secondary-share component.

Rivean Capital is acquiring a majority stake in Green Mobility Holding (GMH), a technology-based (e-)bike leasing group serving corporate clients and their employees. The prior majority shareholder, DPE Deutsche Private Equity, will retain a minority stake, alongside founders and management of GMH subsidiaries Company Bike and mein-dienstrad.de. GMH is headquartered in Munich, Germany and plans to continue expanding in Germany and into other European markets.

Astorg Mid-Cap, a Pan-European private equity firm, signed an agreement to acquire a majority stake in hg medical from NORD Holding. hg medical is a contract manufacturer of complex orthopaedic implants focused on extremities, and Astorg will support the company’s growth plans both organically and through acquisitions. Transaction terms were not disclosed.

connexta GmbH, a portfolio company of AURELIUS Growth Investments, has acquired esko-systems GmbH & Co. KG. Based in Kötz, Bavaria, esko provides IT security support and managed services to medium-sized and large companies. The deal represents connexta’s seventh acquisition as part of AURELIUS Growth Investments’ buy-and-build strategy.

EQT Active Core Infrastructure, via its holding structure (Boè TopCo GmbH & Co. KG and subsidiary Hopper BidCo GmbH), agreed to acquire an 82.1% stake in Tion Renewables AG, a Germany-based renewable energy producer. The stake includes Pelion Green Future Alpha GmbH’s 71.7% holding plus additional share purchases, valuing Tion Renewables’ equity at a base value of €150 million, with an earn-out arrangement tied to certain projects. Pelion will reinvest and remain an indirect minority shareholder following closing.

EQT Growth announced a €100 million investment in IntegrityNext, a Munich-based cloud sustainability software platform focused on supply-chain transparency and ESG regulatory compliance. As IntegrityNext’s first institutional investor, EQT Growth will support product expansion to meet upcoming European regulations and accelerate the company’s growth while the founders continue to lead the business.

Funds managed by Alpina Management GmbH (Alpina Partners) acquired a majority stake in The Project Group Informationstechnologie GmbH (TPG), a provider of project portfolio management (PPM) software and related consulting services. TPG’s management, led by founder and CEO Stavros Georgantzis, reinvested significantly and will remain to drive future growth, including potential bolt-on acquisitions.

LabVantage Solutions, Inc. and Biomax Informatics AG announced the closing of a merger agreement to combine their laboratory informatics and life sciences software capabilities. The combined company aims to enhance scientific data contextualization, knowledge management, and digital transformation support for life sciences, biomanufacturing, healthcare organizations, and research institutions.

saas.group announced the acquisition of Seobility, an all-in-one SEO software suite used by small businesses, marketing agencies, and in-house SEO teams. Seobility was founded in 2011 in Nuremberg by Thomas Gareis and has grown to more than 400,000 users worldwide.

Ascent, a pan-European digital services business, announced the acquisition of Tekaris, a Munich-based German software development and digital services firm focused on data-driven software, data analytics, and cloud integration. The deal expands Ascent into the German market and strengthens its capabilities in highly regulated industries such as (re)insurance, with Tekaris’ founders joining Ascent’s leadership team to build out a German hub.

AURELIUS Wachstumskapital SE & Co. KG (AURELIUS Growth Investments) acquired a majority stake in Kanaltechnik DF-ING GmbH (DF-ING), a service provider focused on sewer rehabilitation, including inspection, cleaning, renovation, and repair of sewer systems. DF-ING is headquartered in Karlstein am Main, Bavaria, and the investment is intended to support DF-ING’s growth and buy-and-build ambitions in the sewer renovation market.

PDFTron Systems Inc. acquired PDFlib GmbH, a Munich, Germany-based provider of server-side PDF creation and processing technology. The deal expands PDFTron’s European presence and adds enterprise-ready PDF features and engineering talent to its document processing platform. Thoma Bravo, which made a strategic growth investment in PDFTron in 2021, is cited as helping fuel PDFTron’s recent acquisitions.

Smile Group, backed by Keensight Capital (and Eurazeo), has acquired creativestyle GmbH, a Munich-based e-commerce and digital services agency. The combination expands Smile’s presence in Germany and strengthens its open-source digital and e-commerce services capabilities, leveraging creativestyle’s German operations and Polish delivery capacity.

Oakley Capital Origin Fund is investing in Vice Sporting Goods GmbH (Vice Golf), a digitally native direct-to-consumer golf brand founded in Munich. The partnership with founders Ingo Düllmann and Rainer Stöckl is intended to accelerate Vice Golf’s growth, product diversification, and international expansion.

Accenture has acquired akzente, a Munich-headquartered sustainability consultancy, to strengthen its Sustainability Services and ESG capabilities. akzente’s team and expertise in sustainability strategy, reporting, communications, and stakeholder management will be integrated into Accenture Sustainability Services. Financial terms of the transaction were not disclosed.

connexta GmbH, a portfolio company of AURELIUS Wachstumskapital SE & Co. KG (AURELIUS Growth Investments), acquired Anduras AG through its subsidiary IF-Tech AG on March 31, 2022. Anduras provides network technology planning, implementation, and maintenance services, including network security solutions. The deal represents connexta’s fifth add-on acquisition as AURELIUS pursues a buy-and-build strategy for the IT services group.

Emmes, a portfolio company of Behrman Capital, acquired Institut Dr. Schauerte (IDS), a Munich-based clinical research organization specializing in late-phase, non-interventional, and post-market clinical follow-up studies focused on real world evidence. The deal expands Emmes’ European presence in Germany and adds new electronic data capture capabilities to support RWE research.

Hg has secured a majority investment in Fonds Finanz, a Munich-based tech-enabled financial intermediary pool serving the German insurance sector. The investment is intended to support further technology innovation, expansion into additional customer segments, and potential future acquisitions; terms were not disclosed.

PAI Partners and Ontario Teachers' Pension Plan Board have agreed to acquire Veonet, a pan-European network of ophthalmological clinics, from Nordic Capital IX. Financial terms were not disclosed, and the transaction is subject to customary regulatory approvals. Veonet is headquartered in Munich, Germany and operates more than 190 clinics across several European countries.

AURELIUS Equity Opportunities has completed the sale of Office Depot Europe to strategic buyer RAJA Group, effective 1 November 2021. The deal marks AURELIUS’s full exit from Office Depot Europe after acquiring it in 2017 as a carve-out from Office Depot, Inc., following significant e-commerce and IT transformation initiatives. Financial terms were not disclosed.

AURELIUS Growth Investments acquired a majority stake in Sasse Elektronik GmbH, a medical technology full-service provider that develops and manufactures complex electronic and mechatronic systems and complete devices. The investment is intended to support Sasse’s next growth stage, including a buy-and-build strategy through international acquisitions alongside continued organic growth.

On September 23, 2021, connexta GmbH, a portfolio company of AURELIUS Wachstumskapital SE & Co. KG (AURELIUS Growth Investments), acquired IF-Tech AG. IF-Tech provides cloud solutions and modern workplace (Work 4.0) virtualization and collaboration services. The deal is positioned as an add-on acquisition to expand connexta’s IT services group under AURELIUS Growth Investments’ buy-and-build strategy.

Scienta Scientific AB acquired Envinet GmbH effective March 31, 2021. Envinet is a German market leader in area monitoring radiation protection networks and gamma radiation detection solutions. The businesses will be combined under the joint brand “Scienta Envinet,” creating a new Environmental Protection application area within Scienta Scientific.

Funds advised by Apax (the “Apax Funds”) announced an agreement to acquire Rodenstock Group, a manufacturer of premium ophthalmic/prescription lenses, from Compass Partners. Rodenstock is headquartered in Munich, Germany, and the transaction is subject to regulatory approvals with an expected closing in mid-2021. Financial terms were not disclosed.

Triton Fund V, advised by Triton, agreed to acquire and later completed the acquisition of SCHOCK GmbH, a leading designer and manufacturer of quartz composite kitchen sinks. SCHOCK was acquired from IK Investment Partners (via the IK VIII Fund), with financial terms not disclosed. SCHOCK is headquartered in Regen, Bavaria, Germany and also sells related kitchen products such as faucets and accessories.

Forterro, a European ERP software provider, announced the acquisition of myfactory, a cloud-based ERP software provider serving wholesalers and manufacturers in the DACH region. The deal nearly doubles Forterro’s customer base in DACH and expands its total addressable market in the region. myfactory will continue to operate as a standalone business within Forterro under its existing management team.

Klingel medical metal GmbH (Klingel Group), a portfolio company of IK Investment Partners, acquired 100% of puracon GmbH from SHS Gesellschaft für Beteiligungsmanagement mbH. The deal adds sterile packaging, validation, and related services to Klingel’s medtech value chain, expanding its one-stop-shop offering for medical technology customers worldwide.

Bormioli Pharma, a portfolio company of Triton Fund IV, announced the acquisition of ISO Arzneiverpackungen GmbH, a German manufacturer of pharmaceutical packaging specializing in tubular glass vials for injectable drugs and vaccines. The deal expands Bormioli Pharma’s capacity and product range for parenteral-drug packaging and strengthens its presence in Northern and Central European markets.

Funds advised by Equistone Partners Europe agreed to sell their majority stake in Eschenbach Holding GmbH to Inspecs Group plc. The deal will combine two major eyewear manufacturers, with Eschenbach joining the London-listed Inspecs Group, subject to regulatory approvals and customary closing conditions; financial terms were not disclosed.

EQT IX has acquired a majority stake in thinkproject, a SaaS construction intelligence platform serving the AECO industry. The stake was purchased from TA Associates and founder Thomas Bachmaier, who along with the management team will re-invest in the business as it pursues product expansion, geographic growth, and industry consolidation.

Bergman Clinics plans to enter the German market through the acquisition of six clinics in Germany from the Capio healthcare chain, a subsidiary of Ramsay Santé Group. The clinics specialize in vascular surgery and eye care, and include two regional hospitals, supporting Bergman Clinics’ strategy to build an international platform for specialized plannable medical care across Northwestern Europe. The transaction is expected to close in the fourth quarter of 2020.

MML Capital Partners made a significant investment in Roboyo, a Germany-based robotic process automation (RPA) and intelligent automation services provider. The investment is intended to accelerate Roboyo’s international expansion and innovation across its automation services and platform offerings.

Hg entered into an agreement to invest in F24, a Munich-headquartered provider of emergency notification, crisis & incident management, and critical communications SaaS solutions. Hg is acquiring a stake from existing shareholders Armira and co-founder Ralf Meister and will become the majority shareholder; F24’s executive board will remain significantly invested alongside Hg. Financial terms were not disclosed.

univativ Group, a Triton Smaller Mid-Cap Fund portfolio company, acquired a majority stake in OPUS ONE Recruitment GmbH, a Munich-based specialized personnel services provider. The transaction strengthens univativ’s position in specialized staffing and recruitment across functions including office, finance, tax, legal, and IT; financial terms were not disclosed. OPUS ONE’s founder and CEO Sascha Yassine will remain with the business to support further growth.

Triton V, advised by Triton and acting through its acquisition vehicle Rebecca BidCo, agreed to buy Volkswagen Vermögensverwaltungs-GmbH’s 76% stake in RENK AG and launched a voluntary public takeover offer for the remaining shares. The transaction later completed with Triton acquiring an additional 14.2% via the takeover offer, resulting in Triton obtaining a majority stake in RENK AG. RENK AG is headquartered in Augsburg, Germany and manufactures drive technologies including transmissions, gear units, slide bearings and test systems.

Meine Radiologie Holding (formerly Deutsche Radiologie Holding) has acquired the Medical Care Center Radiation Therapy Augsburg, a leading German radiation therapy practice focused on tumor treatment. The acquisition expands Meine Radiologie Holding’s network of radiology, nuclear medicine, and radiotherapy practices; Triton previously invested in the holding company in January 2019.

Affiliates of Hellman & Friedman (H&F) entered into a definitive agreement to acquire AutoScout24, a leading European digital car marketplace, from Scout24. The deal is expected to close in the first half of 2020 and includes Finanzcheck, a German online brokerage business, within the transaction perimeter.

H.I.G. Capital portfolio company CONET Technologies Holding GmbH (CONET) has agreed to acquire IT consultancy PROCON IT AG, subject to regulatory clearance. PROCON IT, headquartered in Garching near Munich, provides SAP Business Intelligence, agile software development, and IT/business consulting, and the acquisition strengthens CONET’s presence in southern Germany and expands capabilities in data intelligence, big data, and cloud.

Global private equity firm Regent has acquired luxury fashion house Escada. Escada’s shareholder, the Mittal Family, sold the business to Regent; Escada is headquartered in Munich, Germany.

Questel signed an agreement to acquire a majority stake in Brandstock, an intellectual property services provider headquartered in Munich, Germany. The deal supports Questel’s strategy to build a one-stop-shop offering across IP and innovation, adding Brandstock’s trademark filing and renewal capabilities to Questel’s platform.