Insights from PwC's Global Family Office Deals Study 2025 for Belgium.

Roularta Media Group (RMG) has reached an agreement with Professional Media Group (PMG) for the acquisition of the trade magazines Artsenkrant, De Apotheker, and AK Hospitals.

French logistics giant CMA CGM, best known for its container shipping operations, has submitted a bid to acquire the struggling cargo division of Belgian airline Air Belgium.

RTL Group anticipates that the Dutch Authority for Consumers and Markets (ACM) will finally approve the acquisition of RTL Nederland by DPG Media in the second quarter of 2025.

The European Commission is delaying the acquisition of Belgian dairy processor The Food Dairy Group by its Dutch competitor, Royal A-ware, due to concerns about market competition.

Gimv has announced the appointment of Bart Troubleyn as the Head of Gimv Anchor, a newly established investment initiative in collaboration with WorxInvest. In his new role, Troubleyn will also join Gimv's Executive Committee.

Cenosco receives growth investment from Summit Partners for further international expansion.

EOLIS, a fast-growing digital consulting and staffing firm, has merged with 4P square, a Belgian consulting company specializing in marketing and sales for over two decades.

Locquet Power & Light is expanding through acquisitions in neighboring countries.

AstraZeneca has announced its acquisition of EsoBiotec, a Belgian biotechnology company specializing in in vivo cell therapies, in a deal worth up to 1 billion dollars. The move aims to accelerate AstraZeneca’s ambitions in the cell therapy space and expand access to innovative cancer treatments.

Belgian employment agency Nestor, specializing in job placements for individuals aged 60 and older, has welcomed Down2Earth Capital (D2E) as a strategic partner.

The De Nolf family, which already owns 72 percent of Roularta, has made an offer of 15.50 euros per share to take the Belgian media group private, ending its 27-year presence on the stock market. The offer is 25 percent higher than the company’s last closing price.

Five Million Invested in Triginta, Which Is Growing Slower Than Expected

The European debt market saw a resurgence in 2024, with institutional loan issuance reaching a record-breaking 207 billion euros, surpassing the previous peak of 158 billion euros in 2017.

The UK, Sweden, Finland, and Denmark provide a winning formula that Belgium should adopt.

Plastiflex strengthens market position with acquisitions of Smooth-Bor and TIK.

Pgb-Group, the market leader in fastening materials in Belgium and a rapidly expanding player in Poland, the Netherlands, and France, has entered into a strategic partnership with Waterland Private Equity.

United Tiles Belgium becomes market leader in professional tile sector after Intercarro acquisition

Two private equity firms face court over the deal.

Antwerp-based tech company Aloxy has secured a new capital injection of 7.4 million euros, with significant contributions from two major American corporations: chemical giant Dow and engineering company Emerson.

PIA Group, Belgium’s fastest-growing accountancy and advisory firm, is expanding into the Dender region with the acquisition of B&A Advies.

Elia Group has announced a successful private placement of 850 million euros as part of a broader 2.2 billion euros equity package to finance infrastructure investments, ensure grid reliability, and support the competitiveness of renewable energy.

A Belgian court has annulled the takeover of Air Belgium by a British-Dutch consortium. The founder of the airline now has three weeks to find a new financier.

Antwerp-based maritime group CMB.Tech has acquired a 40.8 percent stake in Bermuda-registered dry bulk shipping company Golden Ocean.

Antwerp-based startup Conveo has secured 5.3 million dollars in seed funding to revolutionize market research with its AI-driven video interview platform.

CubeCold Europe has strengthened its presence in the European cold storage market by acquiring Belgian cold storage and co-packaging specialist Sivafrost.

The deadline for bids on glass manufacturer AGP has been extended once more.

The takeover of Air Belgium by Dutch company Peso Aviation Management and British firm Air One Holding is now in jeopardy, casting doubt on the airline’s future.

Belgian logistics specialist Sitra Group has expanded its international presence with the acquisition of Dutch transport company Albert Keijzer Zaandam for an undisclosed amount.

On March 4, 2025, Alyrick, a joint entity controlled by Midelco and Alychlo, finalized a binding purchase agreement to acquire an 18.24 percent stake in Smartphoto Group NV.

Multipharma has officially completed its acquisition of Goed pharmacies, following approval from the Belgian Competition Authority.

ING has acquired a significant stake in the Dutch private bank and asset manager Van Lanschot Kempen, which is also a top-ten player in Belgium’s private banking market.

TINC, the Brussels-listed infrastructure investor, has completed a strategic transaction involving its stake in Datacenter United (DCU).

WVT Group, a Belgian industrial cleaning specialist, has made its largest acquisition ever by taking over Genk-based Roam Technologies.

Atenor has secured commitments from multiple key shareholders to subscribe to a capital increase of 45.3 million euros, reinforcing the company’s financial position amid a challenging real estate market.

Turpaz expands in Europe with acquisition of Belgian sweet flavors company Doucy.

The annual turnover of Xwift is increased by the acquisition to 125 million euros.

Jurimesh secures 1.6 million euros in pre-seed funding to revolutionize AI-driven legal due diligence

The Belgian machinery manufacturer Sticomax has acquired the Dutch company FoodeQ Engineering, based in North Brabant.

Delen Private Bank has acquired Utrecht-based asset manager Petram & Co from its founder Max Petram, who established the company in 2001.

Deli Home, a leading producer and distributor of sustainable wooden building materials, has strengthened its position in the Benelux.

After several years of macroeconomic uncertainty, rising interest rates, and geopolitical volatility, 2024 set the stage for recovery in Europe’s M&A market. With financial pressures easing and dealmakers returning to the table, 2025 is poised to be a defining year.

Belgian energy supplier Mega, the largest independent player in the country’s market, has been acquired by Swiss MET Group, a growing energy trader and supplier with a turnover of 24.5 billion euros.

Leuven-based TaxMachine has acquired Zwijnaarde’s iStart B.V. and will now operate under the commercial name BeanCounter.

In today’s digital age, technology and cybersecurity can make or break a transaction. But how do investors truly assess these risks and turn them into value?

Gimv acquires The Spice Factory to fuel European expansion

Investment firms Gimv and WorxInvest are joining forces under Gimv's new Anchor investing approach, aimed at fostering long-term strategic partnerships with high-growth companies.

Infrastructure investor TINC, listed on Euronext Brussels, has announced a 61 million euros investment in Project Mufasa, one of the largest battery energy storage systems (BESS) in the EU.

Vandemoortele, a leading European food group, has acquired Italian frozen bakery specialist Lizzi srl from Forno d’Asolo SpA.

Eurofiber expands further in Belgium through acquisition of Arcadiz.

Both Baas and Oona have sold their shares to the newly formed company 'Oona/Baas Group'.

Belgium-based adhesive group Gluecom has strengthened its position in the UK with the acquisition of two companies.

Renewi, the British waste management and recycling company with a strong presence in the Benelux, has agreed to be acquired by a consortium led by Australian investment firm Macquarie and Canadian fund BCI.

PIA Group expands presence in French-speaking market with MLA Accountancy.

Belgian food giant Puratos has expanded into the education sector with the acquisition of the prestigious Parisian culinary school, École Bellouet Conseil.

On February 13, 2025, Nextensa officially sold the Knauf Shopping Centers in Pommerloch and Schmiede to the real estate investment group Wereldhave for a total of 165.75 million euros.

Amsterdam has officially halted its attempt to sell waste processing company AEB.

Delen Private Bank has strengthened its presence in the Netherlands with the acquisition of Utrecht-based wealth manager Petram & Co.

Belgian safety solutions manufacturer Boplan has announced the acquisition of Celtiplast, a French producer of high-quality plastic extrusion profiles.

Digital infrastructure provider Eurofiber has announced the acquisition of Arcadiz, a Belgian specialist in business-critical connectivity solutions.

Gimv raised a total of 247 million euros through a public offering and a private placement of Scrips.

AI platform for automating legal due diligence gets support for international ambitions.

Acquisitions following this strategy can, according to research, achieve up to fifteen percent more growth.

Divestment decision follows Ontex’s strategy to focus on retail and healthcare brands.

The Amsterdam-based investor IceLake Capital is acquiring a majority stake in Studibo.

Belgian competition authority approves Multipharma’s takeover of Goed Pharmacies with conditions.

Warranty & Indemnity (W&I) insurance has become an essential tool in M&A transactions, helping buyers secure confidence in their investments.

This move marks a significant milestone in Ardena’s strategic expansion into North America.

Takeover of Dutch chocolate brand Droste fails, employees laid off.

Fagron solidifies its leadership position with the acquisition of Guinama in Spain.

For this investment, Gimv teams up with the De Roovere family.

DGN is known for comparison websites EnergieKiezer and DeGoedkoopsteNotaris.

Argos Index® Q4 2024 report shows valuation growth despite economic uncertainty.

A key focus will be expanding Centoview, an advanced digital signage content management system (CMS).

The Belgian strategic communication agency com&co has joined Only Creative Entrepreneurs.

Huswell and Capital Mills are proud to announce a strategic investment led by Capital Mills.

This acquisition marks another step in Eurovo’s international expansion.

XLG Group has acquired Luxembourg-based facility management company Propper.

Exciting speaker announced at the upcoming M&A Trend Forum.

The funding was led by Angelini Ventures and Nexus NeuroTech Ventures.

House of Covebo strengthens organization with Pro Industry and Wolfram Chain.

The fund aims to accelerate decarbonisation for European SMEs.

The M&A (mergers and acquisitions) market is expected to regain momentum in 2025.

Belgian Competition Authority opens investigation into Dossche Mills' acquisition of Ceres' flour business

Apollo Executive Search, based in Amsterdam, has been acquired by Schelstraete Delacourt,

The new podcast series ‘M&A Dossier’ delves into the fascinating world of mergers and acquisitions.

Belgian SMEs to benefit from Altares Dun & Bradstreet’s acquisition of Companyweb.

Belgian HR-leader Partena Professional has announced the acquisition of HRlinkIT.

Six top experts on developments in the biotech sector.

The new partners are Margot De Vylder, Willem De Loore and Martijn van Heugten.

Ruben Vermang has been appointed as a partner at AKD in Brussels within the Real Estate practice.

This strategic move marks Foresco's expansion into the German market.

Belgium's rapidly growing PIA Group has added seven accounting firms to its network as it begins 2025.

A Belgian tech start-up has raised 20 million euros to develop groundbreaking AI-optimized chips.

The online gift boutique Smartphoto is putting 9.5 million euros on the table for Image Insight.

Ahold Delhaize expands with acquisition of 325 Louis Delhaize stores in Belgium.

Jeco Energies is one of the leading parties in the Benelux in the field of industrial energy supplies.

Only one candidate investor has come forward so far…

This milestone marks the firm's fifth fund and brings its total investment commitments to over 600 million euros.