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Cover Image Yoann Besse
Yoann BesseCitigate Dewe Rogerson

Yoann Besse

Managing Director at Citigate Dewe Rogerson

PR Consultant

Paris

Deal Bio

Total Deals70
Valued Deals30
Total Value£ 2.23 B
Avg. Deal Size£ 74 M

Market Context

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01 Feb 2019|France|Software
Finance Active
Cathay Capital Private Equity

Target: FINANCE ACTIVE SA

Bidder: CATHAY CAPITAL PRIVATE EQUITY

12 Service Providers

1 Target | 5 Bidder | 6 Vendor

33 Dealmakers

3 Target | 18 Bidder | 12 Vendor

n/a

Value

23 Oct 2019|United States|Venture Capital
Cathay Innovation
L'oreal

Target: CATHAY INNOVATION

Bidder: L'OREAL SA

3 Service Providers

2 Target | 1 Bidder

7 Dealmakers

3 Target | 4 Bidder

n/a

Value

16 Dec 2019|Germany|Software
VERIFINO
Finance Active

Target: VERIFINO

Bidder: FINANCE ACTIVE SA

5 Service Providers

1 Target | 4 Bidder

8 Dealmakers

1 Target | 7 Bidder

n/a

Value

10 Feb 2020|France|IT Services: Other
Datawords Group
Keensight Capital

Target: DATAWORDS GROUP

Bidder: KEENSIGHT CAPITAL

14 Service Providers

4 Target | 6 Bidder | 4 Vendor

34 Dealmakers

5 Target | 17 Bidder | 12 Vendor

n/a

Value

25 May 2021|Netherlands|Pharmaceuticals
SYMERES
Keensight Capital

Target: SYMERES

Bidder: KEENSIGHT CAPITAL

17 Service Providers

3 Target | 10 Bidder | 4 Vendor

53 Dealmakers

14 Target | 29 Bidder | 10 Vendor

n/a

Value

15 Jun 2021|France|IT Services: Other
Adista
Keensight Capital

Target: ADISTA SAS

Bidder: KEENSIGHT CAPITAL

17 Service Providers

2 Target | 11 Bidder | 4 Vendor

47 Dealmakers

4 Target | 35 Bidder | 8 Vendor

£ 344 M

Value

20 Apr 2021|Netherlands|Health Care Services
Ram Infotechnology
Keensight Capital

Target: RAM INFOTECHNOLOGY

Bidder: KEENSIGHT CAPITAL

7 Service Providers

2 Target | 5 Bidder

38 Dealmakers

4 Target | 34 Bidder

£ 86 M

Value

31 Aug 2021|France|Medical Equipment
TISSIUM
Cathay Capital

Target: TISSIUM

Bidder: CATHAY CAPITAL

5 Service Providers

3 Target | 2 Bidder

6 Dealmakers

4 Target | 2 Bidder

£ 42 M

Value

06 Dec 2021|Netherlands|Payments / Commerce
BUCKAROO
Keensight Capital

Target: BUCKAROO

Bidder: KEENSIGHT CAPITAL

8 Service Providers

2 Target | 4 Bidder | 2 Vendor

13 Dealmakers

2 Target | 7 Bidder | 4 Vendor

n/a

Value

05 Nov 2021|Canada|Cosmetics
Apollo Healthcare Corp
ANJAC

Target: APOLLO HEALTHCARE CORP

Bidder: ANJAC

10 Service Providers

5 Target | 5 Bidder

11 Dealmakers

2 Target | 9 Bidder

£ 193 M

Value

30 Jan 2022|France|Insurance Brokers
Descartes Underwriting
Mundi Ventures

Target: DESCARTES UNDERWRITING

Bidder: MUNDI VENTURES

6 Service Providers

3 Target | 3 Bidder

14 Dealmakers

6 Target | 8 Bidder

£ 89 M

Value

29 Sep 2021|France|Telecommunications Services: Other
UNYC
Adista

Target: UNYC

Bidder: ADISTA SAS

7 Service Providers

2 Target | 5 Bidder

13 Dealmakers

1 Target | 12 Bidder

n/a

Value

18 Mar 2022|Canada|Software
DILITRUST
Eurazeo Capital

Target: DILITRUST

Bidder: EURAZEO CAPITAL

22 Service Providers

1 Target | 16 Bidder | 5 Vendor

59 Dealmakers

2 Target | 45 Bidder | 12 Vendor

£ 109 M

Value

14 Mar 2022|Canada|Biotechnology
Pillar5 Pharma
ANJAC

Target: PILLAR5 PHARMA

Bidder: ANJAC

8 Service Providers

3 Target | 5 Bidder

24 Dealmakers

2 Target | 22 Bidder

£ 39 M

Value

10 Feb 2022|France|FinTech
Alma Payments
Bpifrance Investissement

Target: ALMA PAYMENTS

Bidder: BPIFRANCE INVESTISSEMENT

13 Service Providers

2 Target | 11 Bidder

24 Dealmakers

4 Target | 20 Bidder

£ 177 M

Value

22 Mar 2022|France|Electronic Components and Equipment
KAYRROS
Bpifrance

Target: KAYRROS

Bidder: BPIFRANCE SA

8 Service Providers

2 Target | 6 Bidder

9 Dealmakers

3 Target | 6 Bidder

£ 33 M

Value

26 Apr 2022|United States|Pharmaceuticals
Organix
Keensight Capital

Target: ORGANIX INC

Bidder: KEENSIGHT CAPITAL

8 Service Providers

1 Target | 7 Bidder

9 Dealmakers

1 Target | 8 Bidder

n/a

Value

26 Apr 2022|Netherlands|IT Services: Other
LOCATIQS
Keensight Capital

Target: LOCATIQS

Bidder: KEENSIGHT CAPITAL

7 Service Providers

1 Target | 5 Bidder | 1 Vendor

14 Dealmakers

2 Target | 11 Bidder | 1 Vendor

n/a

Value

27 Apr 2022|France|Software
VALIANTYS
Keensight Capital

Target: VALIANTYS

Bidder: KEENSIGHT CAPITAL

8 Service Providers

3 Target | 5 Bidder

42 Dealmakers

32 Target | 10 Bidder

n/a

Value

22 Mar 2022|France|Specialty Retailers
Sfa Romani
Symrise

Target: SFA ROMANI

Bidder: SYMRISE AG

10 Service Providers

4 Target | 3 Bidder | 3 Vendor

11 Dealmakers

4 Target | 1 Bidder | 6 Vendor

n/a

Value

26 Apr 2022|Norway|Software
Focus Software
Keensight Capital

Target: FOCUS SOFTWARE

Bidder: KEENSIGHT CAPITAL

6 Service Providers

1 Target | 5 Bidder

13 Dealmakers

1 Target | 12 Bidder

n/a

Value

21 Jun 2022|Belgium|Software
Lisam Systems
Keensight Capital

Target: LISAM SYSTEMS

Bidder: KEENSIGHT CAPITAL

4 Service Providers

1 Target | 3 Bidder

9 Dealmakers

2 Target | 7 Bidder

n/a

Value

15 Jun 2022|United Kingdom|Pharmaceuticals
CATSCI
Keensight Capital

Target: CATSCI

Bidder: KEENSIGHT CAPITAL

8 Service Providers

4 Target | 4 Bidder

23 Dealmakers

19 Target | 4 Bidder

n/a

Value

11 Jul 2022|Netherlands|Financial Data and Systems
SEPAY
BUCKAROO

Target: SEPAY

Bidder: BUCKAROO

7 Service Providers

2 Target | 5 Bidder

20 Dealmakers

2 Target | 20 Bidder

n/a

Value

04 Jul 2022|France|Software
HYPERLEX
Eurazeo Capital

Target: HYPERLEX

Bidder: EURAZEO CAPITAL

10 Service Providers

1 Target | 9 Bidder

14 Dealmakers

1 Target | 13 Bidder

£ 25 M

Value

28 Jul 2022|Italy|Health Care Services
AXXAM
Keensight Capital

Target: AXXAM

Bidder: KEENSIGHT CAPITAL

5 Service Providers

1 Target | 4 Bidder

10 Dealmakers

3 Target | 7 Bidder

n/a

Value

05 Apr 2022|Germany|Clothing and Accessories
SNOCKS
Cathay Capital

Target: SNOCKS

Bidder: CATHAY CAPITAL

4 Service Providers

2 Target | 2 Bidder

6 Dealmakers

3 Target | 3 Bidder

n/a

Value

10 May 2022|United Kingdom|Software
Bedford Consulting
Keensight Capital

Target: BEDFORD CONSULTING

Bidder: KEENSIGHT CAPITAL

3 Service Providers

1 Target | 2 Bidder

5 Dealmakers

2 Target | 3 Bidder

n/a

Value

09 Jun 2022|Germany|E-commerce
CREATIVESTYLE
SMILE

Target: CREATIVESTYLE

Bidder: SMILE

5 Service Providers

1 Target | 4 Bidder

12 Dealmakers

2 Target | 10 Bidder

n/a

Value

30 Jun 2022|France|Medical Equipment
Moon Surgical
Sofinnova Partners

Target: MOON SURGICAL

Bidder: SOFINNOVA PARTNERS

7 Service Providers

1 Target | 6 Bidder

7 Dealmakers

1 Target | 6 Bidder

£ 25 M

Value

07 Jul 2022|France|Software
Ganymed Robotics
Bnp Paribas Developpement

Target: GANYMED ROBOTICS

Bidder: BNP PARIBAS DEVELOPPEMENT

6 Service Providers

2 Target | 4 Bidder

6 Dealmakers

1 Target | 5 Bidder

£ 17 M

Value

22 Jul 2022|France|Software
BYG4LAB
Keensight Capital

Target: BYG4LAB

Bidder: KEENSIGHT CAPITAL

3 Service Providers

1 Target | 2 Bidder

5 Dealmakers

1 Target | 4 Bidder

n/a

Value

15 Sep 2022|Switzerland|Information / Data Services
Synotic Ch
SMILE

Target: SYNOTIC CH

Bidder: SMILE

4 Service Providers

1 Target | 3 Bidder

9 Dealmakers

4 Target | 5 Bidder

n/a

Value

29 Nov 2022|France|Pharmaceuticals
CENEXI
Gland Pharma

Target: CENEXI

Bidder: GLAND PHARMA

8 Service Providers

4 Target | 3 Bidder | 1 Vendor

12 Dealmakers

2 Target | 8 Bidder | 2 Vendor

£ 198 M

Value

02 Dec 2022|China|Media Agencies
SWITCHING-TIME
Datawords Group

Target: SWITCHING-TIME

Bidder: DATAWORDS GROUP

6 Service Providers

1 Target | 5 Bidder

7 Dealmakers

2 Target | 5 Bidder

n/a

Value

06 Sep 2022|France|Software
CYBERPROTECT
Adista

Target: CYBERPROTECT

Bidder: ADISTA SAS

5 Service Providers

1 Target | 4 Bidder

7 Dealmakers

1 Target | 6 Bidder

n/a

Value

20 Dec 2022|Germany|Software
Quanos Solutions
Keensight Capital

Target: QUANOS SOLUTIONS

Bidder: KEENSIGHT CAPITAL

9 Service Providers

1 Target | 5 Bidder | 3 Vendor

22 Dealmakers

1 Target | 9 Bidder | 12 Vendor

n/a

Value

18 May 2022|Switzerland|Luxury Items
MONYCO
MIRABAUD

Target: MONYCO

Bidder: MIRABAUD

3 Service Providers

1 Target | 2 Bidder

5 Dealmakers

1 Target | 4 Bidder

n/a

Value

29 Jun 2022|France|Biotechnology
Transcure Bioservices
Cathay Capital

Target: TRANSCURE BIOSERVICES

Bidder: CATHAY CAPITAL

3 Service Providers

1 Target | 2 Bidder

6 Dealmakers

2 Target | 4 Bidder

n/a

Value

15 Sep 2022|Switzerland|Digital Services
SYNOTIS
Smile Group

Target: SYNOTIS

Bidder: SMILE GROUP

4 Service Providers

1 Target | 3 Bidder

9 Dealmakers

4 Target | 5 Bidder

n/a

Value

27 Oct 2022|Norway|Software
BLUESPRINT
Bedford Consulting

Target: BLUESPRINT

Bidder: BEDFORD CONSULTING

4 Service Providers

1 Target | 1 Bidder | 2 Vendor

6 Dealmakers

1 Target | 1 Bidder | 4 Vendor

n/a

Value

03 Nov 2022|United States|IT Services: Other
Addteq (atlassian Service)
VALIANTYS

Target: ADDTEQ (ATLASSIAN SERVICE)

Bidder: VALIANTYS

4 Service Providers

3 Bidder | 1 Vendor

8 Dealmakers

7 Bidder | 1 Vendor

n/a

Value

13 Dec 2022|United States|Management Consulting
EXPIUM
VALIANTYS

Target: EXPIUM

Bidder: VALIANTYS

5 Service Providers

1 Target | 4 Bidder

13 Dealmakers

1 Target | 12 Bidder

n/a

Value

29 Mar 2023|France|Software
INATO
Cathay Innovation

Target: INATO

Bidder: CATHAY INNOVATION

5 Service Providers

1 Target | 4 Bidder

7 Dealmakers

1 Target | 6 Bidder

£ 16 M

Value

15 Mar 2023|Germany|Outsourced HR and Staffing
MEDWING
Svb Capital

Target: MEDWING

Bidder: SVB CAPITAL

5 Service Providers

1 Target | 4 Bidder

6 Dealmakers

1 Target | 5 Bidder

£ 38 M

Value

20 Mar 2023|United States|Electronic Components and Equipment
REEBELO
Moore Strategic Ventures

Target: REEBELO

Bidder: MOORE STRATEGIC VENTURES

5 Service Providers

1 Target | 4 Bidder

6 Dealmakers

1 Target | 5 Bidder

£ 43 M

Value

09 May 2023|France|Cosmetics
Juliette Has A Gun
Cathay Capital

Target: JULIETTE HAS A GUN

Bidder: CATHAY CAPITAL

6 Service Providers

2 Target | 4 Bidder

21 Dealmakers

8 Target | 13 Bidder

n/a

Value

10 May 2023|United Kingdom|Biotechnology
Ascend Gene And Cell Therapies
Cathay Capital Private Equity

Target: ASCEND GENE AND CELL THERAPIES

Bidder: CATHAY CAPITAL PRIVATE EQUITY

3 Service Providers

1 Target | 2 Bidder

4 Dealmakers

1 Target | 3 Bidder

£ 103 M

Value

17 May 2023|France|Medical Equipment
Moon Surgical
Josh Makower

Target: MOON SURGICAL

Bidder: JOSH MAKOWER

5 Service Providers

1 Target | 4 Bidder

9 Dealmakers

2 Target | 7 Bidder

£ 44 M

Value

23 May 2023|France|Medical Equipment
TISSIUM
ISALT

Target: TISSIUM

Bidder: ISALT

3 Service Providers

1 Target | 2 Bidder

6 Dealmakers

3 Target | 3 Bidder

£ 40 M

Value

30 May 2023|France|Renewable Energy Equipment
BEEM
Alter Equity

Target: BEEM

Bidder: ALTER EQUITY

6 Service Providers

1 Target | 5 Bidder

7 Dealmakers

1 Target | 6 Bidder

£ 16 M

Value

18 Nov 2021|Luxembourg|Banks
Compagnie De Banque Privee Quilvest
Oddo Bhf

Target: COMPAGNIE DE BANQUE PRIVEE QUILVEST

Bidder: ODDO BHF

5 Service Providers

1 Target | 4 Bidder

6 Dealmakers

1 Target | 5 Bidder

n/a

Value

18 Jan 2024|France|FinTech
FLOWDESK
Speedinvest

Target: FLOWDESK

Bidder: SPEEDINVEST GMBH

5 Service Providers

2 Target | 3 Bidder

11 Dealmakers

6 Target | 5 Bidder

£ 39 M

Value

08 Jan 2024|France|Software
NABLA
Cathay Innovation

Target: NABLA

Bidder: CATHAY INNOVATION

3 Service Providers

1 Target | 2 Bidder

6 Dealmakers

2 Target | 4 Bidder

£ 18 M

Value

20 Feb 2024|France|Software
BIOPTIMUS
Cathay Innovation

Target: BIOPTIMUS

Bidder: CATHAY INNOVATION

11 Service Providers

1 Target | 10 Bidder

20 Dealmakers

1 Target | 19 Bidder

£ 27 M

Value

17 Jul 2024|France|Software
Wedia
Cathay Capital Private Equity

Target: WEDIA SA

Bidder: CATHAY CAPITAL PRIVATE EQUITY

7 Service Providers

3 Target | 4 Bidder

9 Dealmakers

2 Target | 7 Bidder

£ 12 M

Value

07 Oct 2024|France|Test Inspection and Certification (TIC)
Bureau Veritas (worldwide Food Testing Business)
Merieux Nutrisciences

Target: BUREAU VERITAS (WORLDWIDE FOOD TESTING BUSINESS)

Bidder: MERIEUX NUTRISCIENCES

5 Service Providers

3 Bidder | 2 Vendor

14 Dealmakers

4 Bidder | 10 Vendor

£ 300 M

Value

29 Oct 2024|France|Software
FUTURMASTER
Sagard Newgen

Target: FUTURMASTER

Bidder: SAGARD NEWGEN

14 Service Providers

4 Target | 8 Bidder | 2 Vendor

45 Dealmakers

15 Target | 25 Bidder | 5 Vendor

n/a

Value

08 Oct 2024|France|Clothing and Accessories
Lunettes Pour Tous
Quilvest Capital Partners

Target: LUNETTES POUR TOUS

Bidder: QUILVEST CAPITAL PARTNERS

3 Service Providers

1 Target | 2 Bidder

13 Dealmakers

1 Target | 12 Bidder

n/a

Value

09 Oct 2024|Canada|Clothing and Accessories
Moose Knuckles
Bosideng International Holdings

Target: MOOSE KNUCKLES

Bidder: BOSIDENG INTERNATIONAL HOLDINGS LIMITED

4 Service Providers

2 Target | 1 Bidder | 1 Vendor

5 Dealmakers

3 Target | 1 Bidder | 1 Vendor

n/a

Value

26 Nov 2024|United States|FinTech
Range Ai
Cathay Innovation

Target: RANGE AI

Bidder: CATHAY INNOVATION

3 Service Providers

1 Target | 2 Bidder

4 Dealmakers

1 Target | 3 Bidder

£ 22 M

Value

12 Oct 2024|France|Pharmaceuticals
AQEMIA
Cathay Innovation

Target: AQEMIA

Bidder: CATHAY INNOVATION

3 Service Providers

1 Target | 2 Bidder

4 Dealmakers

1 Target | 3 Bidder

£ 29 M

Value

16 Jan 2025|France|Engineering Consulting
INAXE
CAPZA

Target: INAXE

Bidder: CAPZA

3 Service Providers

1 Target | 2 Bidder

5 Dealmakers

1 Target | 4 Bidder

n/a

Value

14 Jan 2025|France|Software
BIOPTIMUS
Boom Capital

Target: BIOPTIMUS

Bidder: BOOM CAPITAL

11 Service Providers

2 Target | 9 Bidder

12 Dealmakers

2 Target | 10 Bidder

£ 33 M

Value

11 Mar 2025|Italy|Management Consulting
PROTOS
CAPZA

Target: PROTOS

Bidder: CAPZA

3 Service Providers

1 Target | 2 Bidder

6 Dealmakers

2 Target | 5 Bidder

n/a

Value

15 Jan 2025|Germany|FinTech
Nelly Solutions
Motive Partners

Target: NELLY SOLUTIONS

Bidder: MOTIVE PARTNERS LLP

4 Service Providers

1 Target | 3 Bidder

8 Dealmakers

4 Target | 4 Bidder

£ 42 M

Value

29 Jan 2025|United States|Digital Services
CRYPTIO
Tim Draper

Target: CRYPTIO

Bidder: TIM DRAPER

5 Service Providers

1 Target | 4 Bidder

6 Dealmakers

2 Target | 6 Bidder

£ 20 M

Value

27 Feb 2025|Germany|Software
PACTA
DILITRUST

Target: PACTA

Bidder: DILITRUST

3 Service Providers

1 Target | 2 Bidder

7 Dealmakers

2 Target | 5 Bidder

n/a

Value

13 Mar 2025|France|Security Equipment
SERVIACOM
Tevah Systemes

Target: SERVIACOM

Bidder: TEVAH SYSTEMES

3 Service Providers

3 Bidder

6 Dealmakers

6 Bidder

n/a

Value

17 Feb 2025|Germany|Engineering Consulting
NEXTRAIL
Icelake Capital

Target: NEXTRAIL

Bidder: ICELAKE CAPITAL

9 Service Providers

3 Target | 6 Bidder

30 Dealmakers

7 Target | 23 Bidder

n/a

Value

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