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Beerse-based Campine is locking in the raw material its Belgian plants depend on with a minority stake in Thai Green Tech Antimony.

Investor Frederick Verhelst is increasing his stake in Flemish dance-radio group TOPradio for the third time since 2023.

Paul Thiers has sold his entire shareholding to fellow ION co-founders Davy Demuynck and Kristof Vanfleteren.

The Belgian AI platform for accounting firms, Ravical, has raised a $17 million seed round led by MMC Ventures.

AI is changing not only what private equity firms invest in, but also how they invest. In the masterclass ‘Investing in the Age of AI’ at the Private Equity Summit Belgium, Wessel Wijtvliet, AI solutions lead at Loyens & Loeff and research fellow at the Faculty of Law of KU Leuven, offered a simple test: are you using AI to work a little faster, or to rebuild the way you work?

Acquiring IBIS Insurance adds a range of specialist cover to Federale Verzekering’s offering – a move out of the insurer’s own investment playbook.

Cheap debt is gone, rising multiples no longer do the heavy lifting, and the world seems to lurch from one shock to the next. Yet the mood at the third Private Equity Summit Belgium was anything but gloomy. Under the banner 'The New Alpha', the Belgian M&A community gathered at Loyens & Loeff in Brussels to work out where returns will come from now. Judging by the conversations that carried on long after each session ended, there was plenty to talk about.

Finvision leads Dealmakerdata.be's Q3 M&A and FDD advisory rankings in a quarter when advisory firms focus on Scale, strategy and data.

Space Applications Services has received €10 million as part of PMV’s new investment focus in defence, security and space.

Gauthier Henroz, Henry Hertoghe and Matthieu Hertoghe have turned an industry problem into a €10.5 million Series A deal.

Hg, CPP Investments and Sofina-backed team.blue has more than doubled its Euro term loan B extension from €500 million to €1.1 billion.

TA Associates is taking a majority stake in MedEnvision, with Smile Invest, the founders and management all reinvesting.

Photo Gallery of the Private Equity summit 2026

Fortino Ventures tops Dealmakerdata.be's Q3 private equity league table with five deals, in a quarter where one of the clearest emerging trends was existing backers, founders and managers putting capital back in.

WEngage and Yource Group want to join forces to create an even stronger customer services group in the Benelux.

Building Technology, a Vectis Private Equity portfolio company, and Lauryssen join behind the same vision.

Ten deals apiece put ACE Law and Cresco Law level at the head of Dealmakerdata.be's Q3 legal league tables, while A&O Shearman, Stibbe and Eubelius worked on several of the quarter's most complex mandates.

A fast climate transition creates both risks and opportunities, but BNP Paribas Fortis' Chief Economist and Chief Investment Officer believe strategic investment can prevent catastrophe.

Antwerp-headquartered chemical distributor Manuchar is taking its partnership with lubricant additives specialist Afton Chemical into East Africa, in line with the M&A and Procurement pillars of its new strategy.

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.