Argos Index® mid-market
Evolution of Euro Zone Mid-Market Private Company Prices – Quarterly Index carried out by Epsilon Research
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Argos Mid Market Index - List of Underlying Transactions
H1 2026
| Date | Acquirer | Target | Country | Industries | Valuation Multiples | See Details |
|---|---|---|---|---|---|---|
| 12/01/2026 | Groupe Premium | Pierre 1er Gestion | France | Asset Management | ** |
|
| 26/01/2026 | Private group led by La Carac | Cedrus & Partners | France | Asset Management | * |
|
| 03/02/2026 | Private Group led by Vivo Capital | Dominique Dutscher (Dutscher) | France | Medical Supplies | * |
|
| 18/02/2026 | Private Group led by Extens | Signalsoft (Orthalis) | France | Medical Software | * |
|
| 18/03/2026 | Private group led by idiCo, UI Investissement, Bpifrance, IRD Invest | Kaviari | France | Sea Food|Delicatessen | * |
|
| 26/02/2026 | Fagron | Pharmavit Europe | Netherlands | Pharmaceuticals|Food Complements | ** |
|
| 02/03/2026 | Radnet | Gleamer | France | Software as a Service (SAAS)|Medical Software | ** |
|
| 25/02/2026 | Private group led by Meanings Capital Partners, Bpifrance | Instant System | France | Transport Management System (TMS) | *** |
|
| 26/03/2026 | Asmodee | ATM Gaming | France | Leisure goods | ** |
|
| 30/03/2026 | Private Group led by Astorg Capital | Barkene | France | Security Services | * |
|
| 20/02/2026 | Private group led by Nextstage | Emargence | France | Audit & Accounting | ** |
|
| 23/03/2026 | Private Group led by Siparex | ATK Sports | Italy | Sporting Goods | ** |
|
| 19/03/2026 | Private group led by Chequers Capital | Aserti International | France | Engineering and Technical Services|Measurement & Test Equipment|Equipement for Test & Measuring | * |
|
| 14/01/2026 | Family, Management | Novarc | France | Specialty Chemicals|Electrical Components & Equipments | * |
|
| 30/01/2026 | Dansk Overflade Teknik (DOT) | Galco Steel | Ireland | Metals | * |
|
| 19/03/2026 | Grafton Group | Mercaluz | Spain | Distribution of Materials & Equipment for Buildings / Public Works | ** |
|
| 13/03/2026 | CCL Industries | Sleever International Company | France | Plastic Packaging Manufacturers | * |
|
| 12/03/2026 | W5 Solutions | KT‑Shelter | Finland | Aerospace & Defence | ** |
|
| 31/03/2026 | Private Group led by Tag Partners | Oury Medical Group (Établissements Oury-Guyé et Fils) | France | Medical Equipment | * |
|
| 02/02/2026 | Private group led by Bpifrance and C2AD | Groupe Anderlaine | France | Business and Management Consultancy|Audit & Accounting|Tax and Legal Consultancy | ** |
|
| 11/03/2026 | Telefónica | Altim Tecnologías de la Información SL | Spain | System Integration | * |
|
| 13/02/2026 | Private Group led by LT Capital | Recyclivre | France | e-commerce (B2C)|e-Marketplace | * |
|
| 17/03/2026 | Private Group backed by Credit Mutuel Equity | TRA-C Industrie | France | Metals|Machining Operations | * |
|
| 02/03/2026 | Malibu Boats | Saxdor Yachts | Finland | Ship manufacturers & suppliers | ** |
|
| 09/01/2026 | Halma | Safetec | Italy | Electronic Security Systems|Electronic Security Systems|Measurement & Test Equipment|Equipement for Test & Measuring | ** |
|
| 18/02/2026 | Fiera Milano | Stipa | Italy | Event Organiser | *** |
|
| 20/01/2026 | Docebo | 365Talents | France | Software as a Service (SAAS)|Human Resource Management (HRM)|Education / Learning software | ** |
|
| 11/02/2026 | Kemira | SIDRA Wasserchemie | Germany | Specialty Chemicals|Water Management | * |
|
| 05/03/2026 | Alter Ego Media | MORE.GR | Greece | Online ticketing | ** |
|
| 02/03/2026 | Delta Electronics | Delta Controls Germany | Germany | IT Supply Chain Services|System Integration | * |
|
| 09/02/2026 | Real Consulting Integration & Operation Information Systems A.E. | Open Technology Services (OTS) | Greece | IT Supply Chain Services|System Integration | ** |
|
| 23/01/2026 | Prysmian | ACSM Shipping Co | Spain | Marine Transportation|Heavy / Civil Construction | ** |
|
| 09/02/2026 | Lega Nazionale Professionisti Serie A | Quadronica | Italy | Online Gaming | ** |
|
| 10/03/2026 | NCsoft | JustPlay | Germany | Online Gaming | ** |
|
| 19/03/2026 | Private Group led by Azulis Capital | Mews Group | France | Business and Management Consultancy|Engineering and Technology Consulting | * |
|
| 21/01/2026 | Private group led by Towerbrook | MSA Mizar | Italy | Financial Software|Specialized Software | * |
|
| 09/02/2026 | Private Group led by FCDE | Groupe Allez | France | Electrical Contractors|Heating, Ventilation and Air-Conditioning (HVAC) | * |
|
| 27/02/2026 | Private group led by Meanings Capital Partners | Moulinot Compost & Biogaz | France | Recycling|Waste-to-Energy|Waste Collection Services | * |
|
| 24/04/2026 | Ekoscan | Controle Mesure Systemes | France | Measurement & Test Equipment|Equipement for Test & Measuring | * |
|
| 08/01/2026 | Redevco | Mercado de San Miguel | Spain | Diversified R&W | * |
|
| 13/05/2026 | Dai Nippon Printing Co. (DNP) | Austria Card | Austria | Electronic Equipment (for corporates)|Electronic Equipment|Printing | ** |
|
| 21/05/2026 | Private group led by Société Générale Capital Partenaires, Capital Grand Est, BTP Capital Investissement | Lagarde Meregnani | France | Finishes and Fittings (F&F)|Insulation Work | * |
|
| 20/03/2026 | Private group led by Abenex, Istria Capital, Bpifrance Investissement | Tethys | France | Aerospace & Defence|Industrial Components | * |
|
| 26/06/2026 | Private group led by Gimv | Cap Vert | France | Landscaping | * |
|
| 04/05/2026 | EW Group | Olmix | France | Biotechnology|Food Complements|Fertilizers & Pesticides - Manufacturers | * |
|
| 22/04/2026 | Private group led by Quilvest Capital Partners | Spacinov | France | Specialized Software|Accounting software | *** |
|
| 26/06/2026 | Private Group led by G Square | Valtecne | Italy | Machining Operations|Medical Implants or Prostheses Manufacturers | *** |
|
| 19/03/2026 | Private group led by BTP Capital Investissement | Acieo | France | Construction Finishings|Metalwork | *** |
|
| 06/03/2026 | Bureau Veritas | LotusWork | Ireland | Testing, Inspection and Certification services (TIC) | *** |
|
| 17/04/2026 | Daifuku Co | Eisenmann | Germany | Industrial Machinery | * |
|
| 04/06/2026 | SALUS, Ljubljana | Farmedica Trgovsko podjetje | Slovenia | Drugs Retailers | ** |
|
| 05/03/2026 | Thomas Plants group | Tecnosem | France | Market Gardening|Horticulture | * |
|
Previous Underlying Transactions (Since H1 2004)
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