The Odin Group subsidiary, Previder Belgium, acquired AppSys ICT Group as part of its local consolidation ploy. IXO FACTO joins Smids & Schakel Accountants en Adviseurs and WSB as part of PIA Group acquisition spree. Adapteo has signed an agreement for the acquisition of Degotte as part of its Benelux growth plans. The M&A Awards Belgium jury has selected the 18 deals competing for a “best in” title across six categories this year. SAP has agreed to acquire Ghent-based AI startup TechWolf, which has grown globally with various rounds of VC backing. Apheon has acquired a majority stake in dental healthcare specialist, Hager & Meisinger Group. This quarter, Smartfin has led two major funding rounds in the security space: a Series A for Marble and a Series B for Hadrian. The third quarter of 2026 has officially wrapped up, meaning it's time for Manda.be to count the dealmakers that topped the local League Tables. Buy now, pay less: M&A Strategy Forum 2026 interrogates why today's top dealmakers are getting pickier – and bolder. Vlerick Business School professor, Sophie Manigart, reveals the criteria she votes against for the annual M&A Awards Belgium. Belgian construction-tech scale-up, Spotable, has raised €4 million in seed capital to expand internationally. Leuven-based Capricorn Partners has joined a $90 million financing round for Paris-headquartered HighLife. Renewable energy developer CleverNett is investing €3 million for a minority stake in optimiser CIOC Energy. Why do some companies consistently create value through acquisitions, while others never quite realise the investment thesis behind them? That question set the tone for the M&A Strategy Forum, held Thursday, 24 September 2026, at iO's Antwerp headquarters – an evening that delivered a masterclass from two of Belgium's most admired growth stories. What keeps a renowned M&A lawyer energised after thirty years in the game? For Dirk Meeus, global co-head of M&A at A&O Shearman, it's never been about the paperwork. It's the complexity, the emotions and the sheer number of moving parts that make every deal irresistible – and his ability to hold onto the client's North Star amid all of it has made him one of Belgium's most respected dealmakers. Photo Gallery of the M&A Strategy Forum 2026. Ghent-based United Petfood has signed an agreement to acquire its second production site from Wellness Pet Company. Fortino Ventures’ managing partner and talent acquisition expert reveal why it is reinvesting in Spott’s $21 million Series A round. Argona, a collaboration between Belgian energy and construction specialists, has added Deba to the group. Tomorrowland Ventures, the investment arm of WEAREONE.world, has acquired theme developer Eye-Opener. CEO Nathalie Callie reveals the multi-brand approach behind PIA Group’s Benelux buy-and-build strategy. From 1 October 2026, Horsum (part of Vandelanotte) will welcome the Smithii team to its Antwerp offices. In the run-up to the Private Equity Summit 2026, MandA.be sat down with Wessel Wijtvliet, AI solutions lead at Loyens & Loeff and research fellow at KU Leuven, to distinguish dealmakers’ value in an era of AI. The AI-native property manager has raised €5 million to fund further growth, following two initial acquisitions. PwC’s Head of Tax and M&A explores how the new 2026 three-tiered framework impacts deal structures, private equity rollovers, valuation baselines, and more. The merger of Alumac, Astemac and ANG forms a new foundation for the next generation of leaders to build on. Brussels-born start-up Chift raises €10.5 million Series A funding round led by European fintech investor BlackFin Capital Partners. Dutch-born SINCERIUS expands into Belgium, combining its proven data-driven due diligence model, Big Four seniority and entrepreneurial culture with deep local dealmaking expertise under new partner, Koen Vermoere. Rood & Riddle joins the Equine Care Group as the latest addition to its five-year acquisition spree. Two new investors, Wallonie Entreprendre and Invest Mons-Borinage-Centre (IMBC), are joining the Abraham family to continue supporting Les Carrières de la Pierre Bleue Belge's legacy. Grant Thornton Belgium has acquired the 15 advisors that make up Alongsight’s customs and trade compliance team. Campine has signed an agreement to acquire Flamaway, broadening its flame-retardancy solutions beyond Belgium. After a successful $5 million seed funding round in 2025, Conveo is raising a $50 million Series A round. PwC head of M&A Tax, Nancy de Beule, navigates Belgium’s EBITDA multiples, capital gains and withholding tax using a combination of tax-savvy and accounting know-how. Tickets for Good has raised €4.5 million in a Series A round that includes local investors Shaping Impact and Leansquare. The Belgian startup has secured €4 million in capital to launch its AI “quality cockpit” for the food industry. David Theys has spent more than 25 years moving through the world's financial capitals – in London, Paris, Moscow, Dubai, Hong Kong – before settling, a decade ago, back in Belgium. Today he lives in Antwerp and is based close to Brussels, but his career reads like a map of global finance: investment banking, corporate finance, restructuring, debt advisory, valuation. Intera Partners-backed vehicle-damage services provider Suvia Group has acquired AutoRepairGroup from PE firm Standard Investment. Oculus Group is accelerating its buy-and-build expansion across Wallonia, welcoming Optique Lefevre and Osiris Daout. Value creation is the first thing judges look for when determining Belgium’s best mid-cap private equity exit. Extantia Capital, with Norrsken Evolve, backs Europe’s labour shortage solution: Motion’s HaaS model. Ambra Capital, InvestPro, Bpifrance Amorçage Industriel, Nordzucker and Tereos join Maash as shareholders, bringing industrial know-how, market access and strategic support. Prompt-first dealmaking and semantic search are streamlining due diligence, allowing M&A professionals to focus on strategic value rather than dredging through documents. Europe's first structured 1v1 basketball league, Lineal, has successfully closed its €500,000 pre-seed funding round. Banyan Software broadens its Benelux presence with the acquisition of Geel-based educational software provider Questi. Reverz merges with the Belgian enterprise hardware specialist, Ker Bolton, to become a global leader in IT lifecycle management. KooKoo founder, Simon Stremersch, uses his passion for processes and technology to help clients navigate unsupported growth plans, untapped pricing potential and overestimated synergy cases. Belgium’s dealmaking community reconnected on 27 August 2026 for the fifth edition of the M&A Summer Party, reinforcing important industry relationships. Photo Gallery of the M&A Summer Party 2026. Digital used-car leasing company Lizy plans to accelerate its ARR and European expansion with new investment. Banyan Software has acquired medical software developer, Besco, to accelerate the international rollout of its hospital tracking and billing platforms. Marc Coucke's investment firm, Alychlo has acquired a majority stake in famous ribs restaurant chain, Amadeus, to accelerate its nationwide rollout.
Belgian infrastructure group, Fluxys, is converting its software operations into a strategic global equity position, taking an 18.26 percent stake in Australian Energy One. Offshore survey specialist GEOxyz is making waves in autonomous maritime technology after acquiring dotOcean from Virya Energy, the renewable energy platform backed by retail giant Colruyt Group. Belgian investment vehicle Gramo has completed its mandatory public cash takeover bid for building systems group Deceuninck. Belgian cultivated seafood startup Fishway has been acquired by Israel-based industrial technology company, Ever After Foods. Benelux’s authorised Toshiba HVAC distributor, Intercool, has been acquired by Carrier Global Corporation. Esprit ICT has acquired local specialist in integrated health tech and access control, Act with Care. The M&A Community Belgium is currently looking for a bright, driven student to join the Dealmakerdata.be team. M&A and FDD advisors were crucial in bridging the Belgian market’s expectations amid higher demand and deal volumes this quarter. The eligibility requirements for the best venture capital deal in Belgium's life sciences sector, as announced at the 2026 M&A Awards Gala. Smile Invest’s bets are paying off as the Benelux private equity firm celebrates realising its first seven investments. Tailormade Logistics has completed a full management transition, with co-CEOs Kelly De Dijcker and Pieter Balcaen acquiring the remaining 25 percent stake from founder Bert Vandecaveye. Dutch private equity firm, IceLake Capital, has acquired a majority stake in DKM Customs, a leading customs formalities specialist in Belgium. Belgian specialist life sciences investment firm, Droia Ventures, is participating in a massive $152 million Series B funding round for Swiss-US biopharma company Vaderis Therapeutics. Tailored W&I structures and synthetic warranties are changing the M&A landscape for Belgian entrepreneurs selling to private equity-backed consolidators, helping founders achieve a clean exit while maintaining deal certainty and transaction momentum. The requirements and makings of the 2026 winner of the Best Venture Capital Deal – Technology Award. Global radiopharmaceutical leader Curium™ has acquired Abscint SA, a Belgian clinical-stage company developing innovative diagnostic imaging agents for oncology. M&A Community Belgium league tables reveal the PE firms topping Dealmakerdata.be this quarter and changing the ‘why’ behind dealmaking. Co-founder Jorrit Willaert shares a preview of the Jurimesh W&I insurance guide and why it’s important for Belgian dealmakers. According to Aon’s 2026 Transaction Solutions Global Claims Study, the ability to transfer risk directly to the insurance market has unlocked a massive segment of the Belgian mid-market. Malaga Investments has secured full ownership of What’s Cooking Group following a successful, simplified squeeze-out. Luxembourg-based holding company Eugénie Patri Sébastien (EPS) has sold a €731 million block trade in Anheuser-Busch InBev (AB InBev). Apheon’s French portfolio company, Haudecoeur, has acquired Heliadis in Belgium and Natur Food GmbH in Germany. As more organisations turn towards strategic M&A opportunities – rather than just chasing scale – there’s been a notable increase in dealmaking activity in Belgium’s legal industry as it tries to keep up with rising costs and regulations, especially around AI. B3 Partners is acquiring a majority stake in Medipartner alongside its co-founder and CEO, Sophie Mestré, and other executive team members. Moore Belgium has announced the addition of De Deyne, Verhoeye, an established name in the country’s accountancy and tax sectors, to its portfolio. Numeris recently acquired four new firms – ACE Conseil, Otsar, Stentor and Bexco Conseil – increasing its consolidated revenue to €42 million. EnergyVision, a Belgian market leader in green energy supply, acquires approximately 18,000 customers from DATS 24, a Colruyt portfolio company. One of Benelux’s fastest-growing accountancy, audit and advisory organisations, PIA Group, is keeping up the pace by acquiring ADC Group.
Bridgepoint has agreed to acquire a majority stake in Belgian intelligence platform Lansweeper and will work with management to realise the next phase of growth. B2B software investor, Fortino Capital, has announced a strategic investment in Operations1, an AI-powered frontline-worker platform for the manufacturing industry. KooKoo co-founder Margot Desseyn fell in love with dealmaking because of the people; now she brings them together to discuss the strategies behind making these deals a success, and will join the M&A Community Belgium on 24 September 2026 in Antwerp to do it again. Belgium-founded biotechnology company, argenx, has signed a definitive agreement to acquire US-based Forte Biosciences for $77 per share in cash, representing a total equity value of approximately $2.2 billion. Belgium logistics REIT, WDP, is merging with its French counterpart, Argan, to scale their complementary services across Europe. Dutch family office Strikwerda Investments, via DomiLinq, has acquired a majority stake in Belgian property management company Gerantis. On 22 July 2026, AI-startup Auditstage announced that it has raised €2 million in a seed funding round led by Smartfin. At the end of June 2026, Geoffroy Dieu and Raphaël Mirgaux took over ownership of Liége-based food flavour manufacturing company Synaco. Belgian private bank Delen is acquiring asset manager Van Lawick & Co as part of its growth strategy in the Netherlands. TINC and Infravest, the strategic joint venture of Gimv, WorxInvest and Belfius, invest €11 million each in two large-scale battery energy storage systems in Belgium, developed by BSTOR. Ghent-based technology services business, Alistar, is taking over TCOG, a leading Microsoft partner in the Belgium, Netherlands and India markets. Amista has acquired a fellow player in Belgium’s technology consulting industry, Intellus Group, broadening both businesses’ services across clients’ entire data journeys. BAP Medical, Alphatron Medical and Varel Security gain support from Belgium’s Smile Invest. Capricorn Partners, MGFO and others invest €20 million in a Series C funding round for Endo Tools Therapeutics. Dutch private equity firm IceLake Capital acquires a majority stake in Belgian IT group AXI from Strada Partners. During a recent M&A Community Belgium event, Syntagma Capital advisory board member and VIU founder Rudi Nerinckx revealed the top priorities on a carve-out HR agenda; from competency audits and TSAs to value creation plans. Finvision and VGD – two well-known names in the Belgian accountancy, audit, and advisory market – announced their intention to merge, with support from local investment partner Sofindev. Syntagma Capital portfolio company LFB Group has acquired Hydronic from the Eoliance air treatment group to expand its HVAC and refrigeration services across France. Strada Partners is selling its software platform, Toba, to Ortec, which also specialises in supply chain and workforce management solutions. Third-generation Belgian family business Colruyt Group has sold 70 percent of its research and development activities related to self-driving pallet trucks to supply chain solutions company KION.Previder Belgium bolsters local presence with acquisition of AppSys ICT
PIA Group adds 57th local force, IXO FACTO, to Belgian portfolio
Belgian modular building designer, Degotte, is getting a new Nordic owner
Meet the finalists of the M&A Awards Belgium 2026
From hackathon to Belgian M&A history: TechWolf to be acquired by SAP
Hager & Meisinger joins Apheon’s healthcare portfolio
“It’s been a summer” at Smartfin, according to partner Saumitra Dubey
The deadline for the Q3 M&A League Tables is around the corner (16 October 2026)
M&A Directors Roundtable: “The entrepreneurial spirit is what makes the magic happen. You cannot buy it; you have to embrace it"
M&A Awards juror, Sophie Manigart, judges deals based on who benefits
The Harbour helps put the right people around Spotable seed round
Capricorn Partners invests in medtech mega round
CIOC Energy is taking control of Europe’s energy market
M&A Strategy Forum 2026: Amazing success stories from two of Belgium’s top strategic acquirers
The North Star: a conversation with Dirk Meeus of A&O Shearman
M&A Strategy Forum 2026 - Photo Gallery
United Petfood expands foothold in US
From investor to ambassador: Fortino Ventures doubles down on Spott
Deba joins Argona on its quest to claim "the Golden Fleece"
For Eye-Opener, all roads lead back to Tomorrowland
Nathalie Callie: Deals are more fun when you work together
Horsum expands in the Antwerp-Brussels axis with Smithii acquisition
AI in dealmaking: from simple prompts to systems intelligence
How Sebas is scaling using a “builder’s mindset”
Navigating Belgium’s new capital gains tax with Nancy de Beule
Belgian construction companies combine to continue their families’ legacies
Chift: From a fool’s errand to a successful seed funding round, now a Series A
Boutique firm SINCERIUS brings senior-led, data-driven financial due diligence to Belgium
Equine Care Group reins in Rood & Riddle
New investors back fifth generation of Les Carrières de la Pierre Bleue Belge
Alongsight’s customs and trade compliance “series” gets a new season
Flamaway finds a Belgian home with Campine, which gains a global footprint
Conveo dedicates $50 million Series A round to those who care about consumers
Nancy de Beule: Changing from compliance checker to value creator
Shaping Impact to give back to Belgian healthcare workers via Tickets for Good
Backbone CEO goes skydiving to celebrate successful seed-funding round
Picks and shovels: David Theys (KPMG) on AI, family businesses and the future of Belgian M&A
Finnish Suvia Group accelerates into Belgium with AutoRepairGroup acquisition
Oculus Group sharpens Walloon focus with back-to-back optics acquisitions
Beyond the multiple: What makes the best mid-cap PE exit at the M&A Awards
14 days in China convinced Extantia Capital to invest $2 million in Motion
MAASH secures €12.15 million to move from project development to execution
AI helps Belgian dealmakers operate at a higher level
Pre-seed funding round a slam dunk for Belgian start-up, Lineal
Questi becomes Banyan Software’s sixth Benelux business
Ker Bolton plugs into Dutch IT platform, Reverz
Simon Stremersch’s golden standard for buying and selling software businesses
Dealmakers set the tone for the new season of M&A: dedication
M&A Summer Party 2026 - Photo Gallery
Lizy shifts into the fast lane with €300 million funding package
Growth prescribed for Besco with Banyan Software acquisition
Alychlo gives Amadeus early anniversary gift: accelerated growth
Fluxys trades GMSL for major share in Energy One
dotOcean charts new course with GEOxyz deal
Gramo BV completes Deceuninck takeover
Fishway scales globally through Ever After Foods deal
Carrier acquisition provides new possibilities for Intercool
Act with Care acquisition to expand Esprit ICT’s Belgian footprint
Build your M&A network early as a deal analyst intern
2026 Q2 League Tables reflect new skills required for M&A and FDD
DNA of an award-winning deal
Smile Invest’s first seven exits are no lucky feat – only strategy
Kelly De Dijcker and Pieter Balcaen take over Tailormade Logistics
DKM Customs welcomes buy-and-build expertise with new investor
Droia Ventures joins private funding round for Vaderis Therapeutics
How W&I is unlocking Belgian buy-and-build consolidation
What it takes to walk away as Belgium’s venture capital champion in technology
Abscint SA enters next phase, accelerated by Curium acquisition
The private equity paradox presented by the deals of Q2 2026
Jurimesh whitepaper reveals how W&I is impacting deal terms
Peter Zwijnenburg reveals how risk transfer is rewriting M&A
What’s Cooking enters private era with Malaga Investment takeover
Belgian families sell small stake in AB InBev amidst better days
Haudecoeur furthers buy-and-build strategy with Apheon backing
Top legal firms and dealmakers driving strategic M&A in Belgium (Q2, 2026)
We Are Jane hands Medipartner over to B3 Partners for next growth phase
De Deyne, Verhoeye acquisition part of Moore Belgium’s strategic growth
Strada Partners portfolio company celebrates five acquisitions in five months
EnergyVision-Virya Energy deal driven by demand for specialisation
PIA Group backs ADC to meet increasingly complex client needs
Lansweeper to pursue more acquisitions with new Bridgepoint stakeholder
Operations1 taps €800 million German market and rest of Europe with Fortino investment
Margot Desseyn: M&A is a people’s business
Argenx aims to fill immunology innovation gap with acquisition
Belgium and French REITs join forces in friendly, all-share merger
Gerantis gets new majority shareholder, Strikwerda Investments
Smartfin doubles down on Auditstage seed funding round
Closing supports Pascale Azzam in Synaco takeover
Delen’s eighth Dutch deal in a decade
Two Belgian investors back two Belgian battery storage projects with €22 million
Alistar acquires data and tech expert TCOG
Amista and Intellus merge to improve tech services stack
Smile Invest achieves deal hat-trick in one week
Investment in Endo Tools Therapeutics to transform chronic treatment
IceLake acquisition to accelerate AXI ambitions
Carve-outs give management a real opportunity to lead
A merger between equals: Finvision, VGD and Sofindev
LFB acquisition aligns well with Syntagma strategy, says Sébastien Le Moult
Toba exit a significant milestone for Strada Partners
Colruyt Group sells 70 percent of Smart Innovation


