TMT

Francisco Partners-backed SonicWall buys cloud security platform Banyan Security

Headquartered in Milpitas, California, SonicWall is a global cybersecurity firm.

Hg sells MeinAuto Group divisions to Renault

The two divisions, Mobility Concept and MeinAuto.de, represent €1 billion in fleet assets.

Blackstone to acquire Sony Payment Services

The seller was Sony Bank.

Gemspring-backed Amplix snaps up tech advisor Go2 Communications

Based in Norwood, Massachusetts, Amplix is a provider of strategic technology advisory, consulting, implementation, and managed services.

Investcorp enters €3bn DACH HR software market with Veda

Veda’s revenues were around €20 million in 2023.

PSG’s Dany Rammal expects Q4 dealmaking pickup to accelerate in 2024

‘While 2023 was a year of idea generation for Generative AI-type solutions, in 2024 we will start to see specific B2B use cases applied and monetised, leveraging Generative AI technology. That will be transformative,’ says Rammal.

Fiber optic tech firm Luna snags $50m from White Hat Capital

Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, a UK-based provider of fiber optic systems and solutions.

Advent-backed Neoris scoops up cloud consulting firm Forefront

Headquartered in Miami, Neoris is a global digital accelerator.

Hg-backed software firm Visma grabs €4bn

The new and existing investors include Altaroc, Jane Street, NYC Retirement System, ICG, TPG and Hg, which has a majority stake in Visma.

Enlightenment Capital invests in cybersecurity software firm Ridgeline International

Raymond James served as financial advisor to Ridgeline on the transaction.