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. Demand for the Sofindev VII fund far exceeded its maximum offering of €400 million and it closed on 10 July 2026. Brussels Airport Company has acquired the nearby Novotel property from Covivio Hotels. The UK-based medical equipment developer and manufacturer, BTL Industries, has acquired Belgian company Medisoft, marking its official entry into the respiratory and pulmonary diagnostics space. PGB Holding, a market leader in fastening materials in Belgium, has acquired Connecton Fasteners from Groep Roussel, with advice from Argo Law. CNES and Belgian investment company CNP have received a binding offer from MDA Space to buy their subsidiary, CLS, and continue pursuing its global growth ambitions. Communication is key to achieving sustainable growth after the deal closes, reveals the Head of Strategic M&A Integrations at SD Worx. Belgian private equity firm Fortino Ventures has invested in two B2B SaaS & AI companies, Birdsview and Polysense. Talent management companies Deltaworx and Beyond Mars have announced their coming together to form a new flexible employment entity. Brand Revolution has acquired DDMC Event Design & Alice Events, marking its fourth major acquisition in two years. PSG Equity is making a strategic investment to boost BrightAnalytics’ product offering and position as a leading CPM software provider in the European market. Valerio Therapeutics has signed a binding offer to acquire 100% of the share capital and voting rights of Belgian biotech company Etherna for an enterprise value of €30 million, subject to customary adjustments. Andrea Foti, managing director and chief commercial officer EMEA at Aon’s M&A and Transaction Solutions, has spent more than two decades at the heart of M&A’s evolution – from investment banking to reshaping risk management in deals. The Dutch investor, Kees Koolen, has acquired a majority stake in Enovates, a Belgian electric-vehicle charging-station manufacturer. Belgian family-owned business H.Essers has bought chemical warehouse and logistics services company Palmer, establishing its first operational base in the United States. Belgian start-up Visiblie has raised €500,000 through a convertible loan funding round that includes investors such as Seeder Fund, BeAngels and technology entrepreneur Steven Tielemans. Simmons & Simmons Belgium appoints Koen Vanhaerents to lead corporate practice, promotes Raf Thielemans and Pablo Moro Valbuena to supervising associates. Founded in Belgium over 200 years ago, Miko is expanding its presence internationally through a buy-and-build strategy. CEO Jan Bussels shares how his M&A strategy has resulted in Digitopia’s exponential growth in recent years. One of Europe’s leading private equity firms, Apheon, has entered into exclusive negotiations to acquire a majority stake in Teknimed. Antwerp law firm PKF Bofidi Legal acquires management consulting firm Lexcom to further expand its presence and capabilities in the Belgian legal profession. Belgian-based industrial group, Tessenderlo Group, will make a strategic minority equity investment in FMC Corporation, valued at $400 million (€351 million). Belgian gaming fund ForsVC has realized its first exit, selling its stake in Oro Interactive to London-based Kepler Interactive for more than seven times its original investment in under two years.
UK-based Years, the pioneer of Cupboard Fresh® dog food, has secured a growth investment from Verlinvest and Five Seasons Ventures to accelerate its mission of redefining pet nutrition.
Belgian media giant DPG Media is expanding its streaming footprint in the Low Countries with the 142 million euros acquisition of Viaplay’s Dutch operations.
As of July 1, 2026, Belgian law firms DLPA and Crivits Legal have officially merged, combining their expertise to create a single legal partner for businesses navigating transformation.
In a move to tackle the escalating threat of software supply chain attacks, Aikido has acquired Root, a pioneer in AI-driven vulnerability patching.
Investing in non-listed companies is very popular among entrepreneurs and family offices, especially now that real estate investments yield less and stock markets are volatile. Reason for Marktlink Capital to expand to Belgium with Vincent Germyns, a seasoned Belgian banking professional, in the lead. Eye Security, a leading Dutch cybersecurity player, has closed a 60 million euros Series C round led by Sofina.
Private equity firm Gimv has sold its majority stake in AlpenBlu Clinics, a leading Swiss outpatient mental healthcare provider, to Impact Healthcare (IHC), the healthcare investment platform of Swiss family-owned group Après-Demain.
Belgian family-owned industrial group Lhoist and U.S. building materials giant Martin Marietta Materials (NYSE: MLM) announced a definitive agreement on June 29, 2026, to combine Lhoist North America with Martin Marietta.
Belgian investor Smile Invest has acquired a majority stake in BAP Medical, a specialist in medical skin care based in Apeldoorn, the Netherlands.
Rivean Capital has acquired a majority stake in Deltrian International SA, a leading European provider of air filtration and purification solutions.
Gimv has signed an agreement to acquire Groupe Cap Vert from Ambienta, partnering with CEO Eric Girot and the management team.
Vansichen Linear Technology has announced the acquisition of VDP Automation bv and its French subsidiary, VDP Automation Sarl.
70 percent of M&A transactions fail to deliver their promised value, and the culprit is rarely the numbers. It’s the people. From clashing cultures to disengaged teams, the human element is where even the most meticulously planned deals unravel. So how do leaders turn the tide? By treating the ‘soft stuff’ as the hard stuff. Modena Partners today announced the launch of its new M&A , Antwerp-based advisory boutique, specializing in strategic and merger & acquisition advice for mid-sized and large private companies and their entrepreneurs.
European private equity firm Apheon has announced a binding partnership with Easi, a leading Belgian provider of proprietary business software and managed IT services.
The Hague-based investment firm Main Capital Partners has raised over 5.25 billion euros in commitments for its latest funds, Main Foundation III and Main Capital IX, marking the largest capital-raising effort ever for private equity investments in the Benelux region.
Private equity can no longer rely on cheap money and rising multiples. To achieve returns, investors must dig deeper into the business itself. “Broader due diligence and more active value creation have become increasingly important in recent years”, says Rob van den Berg, Director of Strategy & Operations at Eight Advisory.
When Itai Oshri left home at the age of 16, he had his heart set on becoming a professional cyclist, until he fell in love with the Belgian M&A industry.
Timefold, a developer platform for vehicle routing and shift scheduling APIs, has closed a 13 million euros Series A round led by Alstin Capital, with Kompas VC and existing backers Lakestar and Smartfin.
The subsidiaries of logistics multinational Ziegler are being acquired by the company’s management and British investor Eaglets Holding.
The Belgian government will officially begin its search for an investor to acquire a 20 percent stake in state-owned bank Belfius, formerly Dexia Belgium, starting this Monday.
Prayon, a global leader in phosphorus chemistry, has signed a binding agreement to acquire HRA (HRA Uniquímica and HRA Ingredients), a Colombian producer of phosphates, propionates, minerals, and other food sector ingredients.
Van De Velde Packaging Group from Wetteren has announced a renewed investment from Kartesia, a European investor focused on sustainable growth.
Joachim Vansanten, Partner at Quanteus Group, believes that it’s possible to generate profit and create impact without compromising on either. With a hands-on approach, a strong focus on impact, and a long-term vision, the investment firm distinguishes itself in a market often dominated by short-term thinking.
Ghent-based startup Adomate has raised 1.4 million millions in a new funding round to accelerate its international expansion and enhance its AI-driven advertising platform.
Agri-tech start-up Rainbow Crops has raised 9.7 million euros in a new funding round led by Italian venture capital firm LIFTT.
Belgian law firm Schoups has officially rebranded as Scale, marking the next stage in the evolution of one of the country's best-known independent law firms.
SD Worx, a leading European provider of HR and payroll solutions, today announced the acquisition of HR Service Srl, a specialist in payroll and labor advisory services.
Kemetyl, the Belgian market leader in Europe for automotive fluids such as fuel additives and coolants, has acquired Flow Chemicals, a UK-based sector peer.
PB Leiner, a business unit of Tessenderlo Group specializing in bio-valorization, has completed the acquisition of the remaining 40 percent minority stake in PB Brasil Indústria e Comércio de Gelatinas Ltda from D&D Participações Societárias.
Why do some acquisitions create lasting value while others fail to deliver on expectations? According to brand strategist and author Stef Verbeeck, (BDO Pavlov) part of the answer may lie in factors that are often overlooked during the deal process: brand strategy, company culture, customer experience and other intangible assets. A recent white paper by Aon suggests that now is the moment to leverage carve-outs, and PwC Legal’s Bart Vanstaen agrees, but only if businesses are truly prepared.
Belfius Group has taken its first concrete step beyond Belgium by acquiring Leocare SAS, a leading French digital insurtech, through its subsidiary Belfius Insurance.
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
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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
Sofindev closes seventh fund in just two months
Acquisition furthers Brussels Airport’s future-oriented ambitions
BTL and Medisoft make it official with merger
Connecton Fasteners sale forms part of Groep Roussel’s sector exit strategy
CNP to sell majority shareholding in CSL to MDA Space
Csaba Farkas-Pall provides a sneak peek of his post-merger integration playbook
Fortino Ventures takes part in two funding rounds
New merger to bolster flexi-work in Belgium
Brand Revolution continues buying spree in Belgium
BrightAnalytics broadens Benelux (and beyond) presence with PSG Equity investment
Etherna acquisition to evolve targeted RNA treatment
Navigating volatility: How Andrea Foti and Aon are redefining risk in M&A
Enovates gets a recharge with Kees Koolen’s investment
H.Essers uses Palmer acquisition as a bridge to the US
Visiblie raises €500,000 in recent funding round
Simmons & Simmons strengthens corporate and advisory capabilities in Brussels
The Miko Group is brewing up new branches in Norway and the UK with M&A
How Jan Bussels’ buy-and-build strategy led to selling his business
Apheon to acquire a majority stake in Teknimed
PKF Bofidi Legal acquires Lexcom as part of Belgian expansion plans
Tessenderlo Group develops agriculture division with investment in FMC Corporation
ForsVC achieves first exit with 7x return on Oro Interactive sale to Kepler Interactive
Dog food producer Years secures investment from Verlinvest
DPG Media acquires Viaplay’s Dutch operations for 142 million euros to boost streaming ambitions
DLPA and Crivits Legal merge to strengthen support for businesses in transformation
Aikido acquires Root to revolutionize open source supply chain security
Vincent Germyns leads Marktlink Capital’s expansion into Belgium: a new horizon for private markets
Sofina leads Series C round, largest cybersecurity investment ever in a Dutch startup
Gimv sells its stake in AlpenBlu Clinics
Belgian-backed Lhoist North America merges with Martin Marietta to form building materials powerhouse
Smile Invest acquires majority stake in medical skin care
Rivean Capital backs Deltrian to strengthen its European air filtration leadership
Gimv acquires Groupe Cap Vert, France’s leader in tree and vegetation management
Vansichen Linear Technology strengthens market position with acquisition of VDP Automation
Green Elephants and DynamICK: How to succeed in the change aspects of mergers and acquisitions
Modena Partners launches in Belgium with a distinct advisory model
Apheon partners with Belgian IT leader Easi to drive international growth
Dutch private equity firm Main Capital Partners secures record 5.25 billion euros for Benelux expansion
Rob van den Berg (Eight Advisory): "Carve-outs are particularly relevant in the current private equity climate"
From bicycles to deal cycles: How Itai Oshri is climbing Belgium’s M&A ranks
Timefold secures 13 million dollars to meet AI-driven demand for scheduling APIs
Management buy-out at international logistics company Ziegler
Belgium launches search for buyer of Belfius stake
Prayon to acquire Colombian food ingredients producer HRA
Van De Velde Packaging Group renews ambitions through strategic investment
Quanteus Group: Investing with impact – a conversation with Joachim Vansanten
Belgian startup Adomate secures 1.4 million euros to scale AI-powered ad creation
Ghent-based Rainbow Crops secures 9.7 million euros
Schoups rebrands as Scale, signalling a new chapter for the Belgian law firm
SD Worx strengthens Italian presence with acquisition of HR service Srl
Kemetyl expands European footprint with UK acquisition
Tessenderlo Group’s PB Leiner acquires full ownership of Brazilian Joint Venture
New study by BDO-Pavlov examines the role of intangible assets in M&A deals
PwC Legal’s Bart Vanstaen shares his quick tips to prepare for a carve-out
Belfius Group expands into Europe with acquisition of French insurtech Leocare


