Argos Index® mid-market
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Argos Mid Market Index - List of Underlying Transactions
Q3 2025
| Date | Acquirer | Target | Country | Industries | Valuation Multiples | See Details |
|---|---|---|---|---|---|---|
| 16/04/2025 | Private group led by Bridgepoint Group, Ardian | Argon & Co | France | Business and Management Consultancy | ** |
|
| 10/04/2025 | Private group led by Eurazeo | Ekoscan | France | Measurement & Test Equipment|Equipement for Test & Measuring | * |
|
| 14/04/2025 | Retelit | Sparkle | Italy | Cable / Fixe Line Telecom|IT Service Provider & VoIP | ** |
|
| 28/05/2025 | Private Group led by Altis Capital, BNP Paribas Développement, Siparex and Carvest | Maison Pralus | France | Confectionery | * |
|
| 05/06/2025 | Quarfloc | Conrad | France | Steel|Machining Operations | * |
|
| 18/06/2025 | Private group led by SGCP, IDIA, SOCADIF, Rives Croissance & Amethis | Groupe EIF | France | Business and Management Consultancy | * |
|
| 27/06/2025 | Private Group Led by Turenne Capital, Bpifrance, Isatis Capital, Isalt | Sources | France | Water Management|Industrial Construction | * |
|
| 13/05/2025 | Private Group led by Azulis Capital | Acensi | France | IT Consulting & Services | ** |
|
| 11/07/2025 | Ferrara Candy | CPK (Carambar & Co) | France | Confectionery | * |
|
| 01/07/2025 | Ingersoll Rand | Termomeccanica Industrial Compressors (TMIC) | Italy | Pumps & PVF | ** |
|
| 19/06/2025 | Private Group led by Borletti and Quadrivio | Twinset | Italy | Womenswear | ** |
|
| 18/07/2025 | Private Group backed by Capza | DI Environnement (Dauphiné Isolation Environnement) | France | Industrial Cleaning | * |
|
| 16/07/2025 | Private Group led by Ouest Croissance | EasyCash | France | Specialised R&W | * |
|
| 28/07/2025 | Private group led by Siparex, BNP Paribas Développement, Caisse d’Épargne Rhône Alpes | Groupe Dreyer | France | Construction Finishings|Industrial Refrigeration Equipment & Machinery | * |
|
| 10/07/2025 | Dexelance | Mohd (Mollura Home Design) | Italy | e-commerce (B2C)|Home Improvement Product Retailers|Home Decoration & Furniture Retailers | *** |
|
| 20/06/2025 | Private group led by MBO+ | Logtrans | France | Trucking|Logistics Services | ** |
|
| 09/07/2025 | NewPrinces | Plasmon Dietetici Alimentari | Italy | Bakery Products | *** |
|
| 23/06/2025 | Private group led by Momentum Invest, MACSF | ETS SEPHADIS MATHIEU (Mathieu Pharma) | France | Personal Products | * |
|
| 08/07/2025 | AlfaParf (Beauty & Business) | Xanitalia | Italy | Personal Products | ** |
|
| 28/06/2025 | Private group led by Florac Investissements | BJ-Pack (Makao) | France | Promotional Products|Paper Packaging Manufacturers | * |
|
| 29/07/2025 | Magellan Partners | Worldline Mobility & E-Transactional Services (MetS) | France | Banking software / payment system|System Integration | ** |
|
| 02/07/2025 | Private group led by Vivalto Partners | Société Façonnage de Normandie (SFAN) | France | Food Complements | ** |
|
| 23/04/2025 | Private Group led by Siparex | Noous (3X Consultants) | France | Business and Management Consultancy | * |
|
| 05/06/2025 | Séché Environnement | Flamme Environnement | France | Waste Collection Services | *** |
|
| 16/06/2025 | Private group led by Ardian | MasterGrid | France | Electrical Components & Equipments|Electrical Contractors | * |
|
| 23/05/2025 | Private group led by Groupe Chevrillon | Codyssée | France | IT Consulting & Services | * |
|
| 17/07/2025 | Graco | Color Service | Italy | Industrial Machinery | *** |
|
| 23/07/2025 | Private group led by Evolem | Investronic | France | Industrial Machinery | * |
|
| 30/07/2025 | Sprout Social | NewsWhip Media | Ireland | Software as a Service (SAAS)|e-media|Marketing Software | ** |
|
| 17/07/2025 | Private group led by Activa Capital, Celda Capital Développement | Groupe Desegur | France | Testing, Inspection and Certification services (TIC) | * |
|
| 04/08/2025 | Theon International | Kappa Optronics | Germany | Aerospace & Defence|Electronic Equipment|Optoelectronics | *** |
|
| 12/08/2025 | Wilmington | Professional Group Conversia | Spain | Human Resource Management (HRM)|Enterprise Content Management (ECM) | *** |
|
| 09/07/2025 | NIIT Learning Systems | MST Group | Germany | Training | *** |
|
| 02/06/2025 | Elis | Bugadería Neutral SL | Spain | Industrial Cleaning | ** |
|
| 27/06/2025 | Private Group backed by Siparex Entrepreneurs | Gamasonic | France | Medical Equipment|Medical Supplies | * |
|
| 01/08/2025 | Legrand | Cogelec | France | Electronic Security Systems|Electronic Security Systems | *** |
|
| 26/06/2025 | Private group led by IDI | Forsk | France | Telecom infrastructure Softwares | * |
|
| 01/07/2025 | Private Group led by Geneo Capital Entrepreneur, Socadif and C2AD | Pastacorp (Lustucru Rivoire & Carret) | France | Pasta Manufacturers | ** |
|
| 06/05/2025 | MSA Safety | M&C TechGroup Germany | Germany | Electronic Security Systems|Electronic Security Systems|Measurement & Test Equipment | ** |
|
| 13/06/2025 | Private Group led by Qualium Investissement | Avisia | France | IT Consulting | * |
|
| 24/05/2025 | Private group led by Andera Partners | Spartes | France | Business and Management Consultancy | * |
|
| 29/08/2025 | Private Group led by Waterland | Cruinn Diagnostics | Ireland | Specialised R&W|Diagnostic Medical Equipment | * |
|
| 26/06/2025 | Jiujiang Defu Technology Co | Circuit Foil Luxembourg | Luxembourg | Nonferrous Metals | ** |
|
| 04/07/2025 | Gofore Oyj | Huld Oy | Finland | IT Consulting & Services|Engineering and Technology Consulting | *** |
|
| 04/08/2025 | Private Group led by A&M Capital Europe | Isla Délice (Amalric) | France | Meat processing|Canned, Frozen and Cooked Food | * |
|
| 20/06/2025 | Private Group led by Cervinvest Capital | Truckonline | France | Integrated software|Software as a Service (SAAS)|Transport Management System (TMS) | * |
|
| 22/04/2025 | Private group led by Bpifrance Investissement, Jadel | Gagnepark (GPK Group) | France | Heavy / Civil Construction | *** |
|
| 03/09/2025 | Private group led by Andera Partners, Bpifrance | HMS (Groupe Numans) | France | Audit & Accounting | * |
|
| 07/07/2025 | Private Group led by Archimed | Rivadis | France | Personal Products | * |
|
| 08/09/2025 | Private group led by Société Générale Capital Partenaires, BRED Banque Populaire, Bpifrance, Qualium Investissement | Parella | France | Architectural and Design Services | * |
|
| 26/08/2025 | Halma | Brownline | Netherlands | Industrial Machinery|Measurement & Test Equipment|Equipement for Test & Measuring | *** |
|
| 13/07/2025 | Scanfil | MB Elettronica | Italy | Electronic Equipment (for corporates)|Electronic Contract Manufacturing | ** |
|
| 11/09/2025 | Private Group led by Andera Partners | Sagitta Pharma | France | Drugs Retailers | ** |
|
| 18/06/2025 | Private Group led by DealbyDeal Invest | L'Auto Contact (Sopartex) | France | e-commerce (B2C)|Garden Equipment Retailers|Electrical Product (retail)|Retail of Auto Parts | * |
|
| 17/07/2025 | Hanza | Milectria Oy, Kiinteistö Oy Kanungin Karhu, Milectria OÜ | Finland | Aerospace & Defence|Electronics / Electricity / Wiring|Cables & Wires Manufacturers | ** |
|
| 01/07/2025 | VBG Group | M.A.T. Malmedie Antriebstechnik | Germany | Industrial Components | ** |
|
| 15/08/2025 | Lantmännen ek för | Leipurin | Finland | Food R&W | *** |
|
| 23/06/2025 | Private Group backed by Geneo Capital Entrepreneur | Variations (Myvariations) | France | e-commerce (B2C)|Personal Products | * |
|
| 16/09/2025 | Esprinet | Vamat | Netherlands | Electrical Components & Equipments|Electrical Product (retail) | ** |
|
| 28/07/2025 | Ushio | Entertainment & Industry Lamps business (ENI) of ams-OSRAM | Austria | Electrical Components & Equipments|Optoelectronics | ** |
|
| 28/07/2025 | Semapa - Sociedade de Investimento e Gestao SGPS | Industrias Mecanicas de Extremadura (Imedexa) | Spain | Building Materials & Fixtures|Steel | ** |
|
| 21/07/2025 | Private group led by Nazca Capital SGEIC | Teltronic | Spain | Telecommunications equipment | ** |
|
| 31/07/2025 | Private group led by EMZ Partners | Implid | France | Audit & Accounting | * |
|
| 15/05/2025 | Viva Wine Group | Delta Wines | Netherlands | e-commerce B2B|Drink R&W | *** |
|
Previous Underlying Transactions (Since H1 2004)
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