Deals
IPACKCHEM Group (IPACKCHEM) is to acquire Mullackal Polymers Private Limited (Mullackal), a crop protection packaging provider in India.
Founded in 1987 by JP Morvan, IPACKCHEM is a leading global supplier of innovative and specialised barrier packaging solutions serving the crop protection and specialty chemicals end markets. IPACKCHEM’s leading market positions are further underscored by its strong sustainability orientation and 100 per cent recyclable plastic barrier packaging. It currently has facilities across Europe, the UK, Russia, China, Brazil and South Africa.
With three facilities in Western India, Mullackal is a manufacturer of premium HDPE and barrier plastic containers, caps and
IK Partners’ (IK) IK IX Fund is to acquire Truesec Group AB (Truesec) from Sobro, alongside management and employees who will be reinvesting. Financial terms of the transaction have not been disclosed.
Founded in 2005 by Marcus Murray and headquartered in Stockholm, Sweden, Truesec is the leading independent cybersecurity service provider in Sweden. Its purpose is to prevent and reduce impact from cyberattacks, making a true difference to today’s connected society. This purpose, coupled with its strong culture and diverse opportunities, ensures that Truesec successfully attracts the best talent in the cybersecurity industry. At present, the Group employs approximately 180
Fyllo, a specialist in compliance-first SaaS solutions for highly regulated industries, has closed a USD40 million Series C round led by Eminence Capital.
New venture firms that participated in the round include Longview Capital Advisors and ArrowMark Partners.
Fyllo is developing compliance, data and marketing solutions to enable companies in highly regulated sectors like cannabis to scale effectively. Today, companies across the cannabis supply chain rely on Fyllo’s compliance-first solutions to navigate the industry’s ever-changing regulatory environment. For both cannabis and mainstream brands, Fyllo’s Data Marketplace provides unparalleled access to cannabis and CBD audiences, a lucrative and rapidly growing consumer
Cortec Group-backed Groundworks has acquired BQ Basements & Concrete (BQ). BQ is the seventh acquisition completed by Groundworks since Cortec Fund VII’s investment in January 2020. Terms of the transaction have not been disclosed.
This is Groundworks’ third acquisition in Pennsylvania this year, following Baker’s Waterproofing in Pittsburgh and I’m the Guy Basements (now Baker’s Waterproofing) in central Pennsylvania.
Founded in 1997 and headquartered in Erdenheim, PA, BQ has more than 95 employees and serves the single-family residential market with a suite of services including basement waterproofing, foundation repair, concrete repair and other related services.
Virginia Beach, Virginia-based
Fluitron, an industrial gas compression manufacturer, has acquired Bethlehem Hydrogen (BHI), a manufacturer of integrated hydrogen compression, dispensing, and storage systems.
Ara Partners (Ara), a private equity firm focused on industrial decarbonisation, sponsored Fluitron’s acquisition. Terms of the transaction have not been disclosed.
Founded in 2009, BHI maintains its headquarters in Northampton, PA and has an engineering office in Kochi, India. BHI manufactures its systems in both the United States and India and sells to customers globally. BHI’s President, Tom Joseph, will serve as Vice President of Business Development at Fluitron.
Fluitron’s acquisition of BHI marks the
Female Invest, an EdTech platform and community which empowers women by increasing their understanding of personal finance and investing, has closed a GBP3.3 million funding round from a syndicate of prominent investors including Y Combinator and Dr Fiona Pathiraja.
Female Invest was founded in 2019 by Emma Due Bitz (26), Camilla Falkenberg (28), and Anna-Sophie Hartvigsen (27), and inspired by their own experiences of attending personal finance educational events at which women were largely absent, and their subsequent discovery of the unaddressed gender disparity in investments and savings.
All three co-founders were named in the Forbes 30 Under 30
Conquest, an alternative asset management firm invested in long-term sustainable value stemming from European infrastructure and energy transition real assets, and e-Totem, a subsidiary of the manufacturing group Atomelec, which develops and operates recharging solutions for electric vehicles, have signed a EUR50 million partnership to install and operate charging points for electric vehicles in France and Europe.
Following the European Commission’s announcement this summer of a ban on the sale of vehicles powered by internal combustion engines in Europe from 2035, France, and Europe more broadly, will need to significantly expand the number of charging stations available over the next
Align Capital Partners’ (ACP) utility market intelligence, data science and consulting platform E Source has acquired Cairn ERA (Cairn).
Founded in 2015 by Sam Jaffe, Cairn is a global market intelligence firm specialising in battery storage. Cairn expands E Source’s existing subscription and consulting services through a robust contextual understanding of the battery storage environment, competitive landscape, existing market dynamics and technological disruptions to help its clients make data-driven decisions.
“Cairn ERA, a leader in battery technology information, helps early adopters make good, data-driven decisions,” says E Source CEO Ted Schultz. “We’re staying on the forefront of this movement by
Healthcare software provider Alfa eCare, backed by Main Capital Partners, has entered the Finnish market for childcare software with the acquisition of Daisy.
Daisy, flagship label of software company WhileOnTheMove, is active in the Finnish municipality ecosystem providing software solutions for early childhood education and daycare.
Daisy is the third acquisition of Alfa eCare following the investment of Main Capital Partners in 2020. The combined group will create a leading Nordic eCare group with strong presence in the municipal care segment, servicing more than 200 municipalities and regions in the Swedish and Finnish market. The combination of Alfa eCare and
3i , and funds managed by 3i, have sold 4.5 million shares in Basic-Fit, a European specialist in the value-for-money fitness market, at a price of EUR44.25 per share.
As part of this transaction, 3i Group has reduced its stake from 11.6 per cent to 5.7 per cent and received proceeds of c.GBP146 million. Following the offering, 3i Group’s remaining stake is worth approximately GBP143 million.
These proceeds take 3i Group’s cash return to date from its investment in Basic-Fit to 4.1x and, including remaining value, to 5.5x. Basic-Fit listed on the Euronext Amsterdam NV at EUR15.00 per share in
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
