Analysis of M&A and Fundraising Operations on October 25, 2026
AI partnerships, private capital consolidation, and digital health investments: October 25 decoded for decision-makers and investors.
· Proplace
🌡️ Sectors on the move — hover a sector to see its deals, click to open it
Open this edition in the cockpit →Every deal of the day, unfolded, evaluable in one click.
A day dominated by technology partnerships and movements in French private capital. AI is making inroads into sectors as diverse as corporate marketing and pediatric medicine, while Wendel confirms its transformation into a third-party asset manager. Few major pure M&A operations, but several clear signals about the direction of capital.
🤝Signed-deals stream · 11 evaluable in the cockpit
- Nethivebusinesswire.com
Bregal Milestone takes control of Nethive and offers JoyComm as a dowry
💰Fresh-funding radar · 11 evaluable in the cockpit
- Wendel
Wendel: 3 billion raised in nine months, transformation into a third-party asset manager accelerates
Wendel: 3 billion raised in nine months, transformation into a third-party asset manager accelerates
Wendel (Euronext Paris) publishes its third-quarter 2026 results. The group, historically an investment holding company for its own account, has for several years been transforming into a third-party asset manager via Wendel Investment Managers. The Q3 figures illustrate the scale of the pivot: €48.7 billion in assets under management in private equity, private debt, and secondaries; over €3.0 billion raised in the first nine months of 2026, including $2.0 billion in private credit and €1.3 billion in secondaries. Management fees reached €344.0 million over nine months, up +41.3% compared to the previous year — an increase that includes the full-year effect of the acquisition of Monroe Capital and the acquisition of Committed Advisors in April 2026. Organic growth at constant scope and exchange rates was +10%.
Regarding its own portfolio (Wendel Principal Investments): the sale of Stahl is finalized, generating €1.14 billion in liquidity received as of October 1, at a price 20% above the revalued net asset value published before the announcement. The sale process for IHS is underway, with an anticipated closing by the end of 2026. Furthermore, Wendel is injecting €50 million into Globeducate to support its external growth. The revalued net asset value per share was €167.0 as of September 30, 2026, up +5.1% over the quarter.
What this publication reveals: third-party asset management activities now represent approximately one-third of the gross revalued assets excluding cash — Wendel's model increasingly resembles that of a listed asset management company and less and less that of an industrial conglomerate. The sale of Stahl at 20% above NAV is not a detail: it retroactively validates the group's valuation discipline, which is precisely what a third-party asset manager needs to raise funds from demanding institutional investors.
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Bregal Milestone takes control of Nethive and offers JoyComm as a dowry
Nethive is a French company whose precise business is not described in the available sources. What is known: Bregal Milestone, a growth fund specializing in mid-market European technology and software companies, has acquired a majority stake in Nethive. The operation is simultaneously accompanied by the acquisition of JoyComm, a company whose business is also not detailed in the sources, but which complements Nethive's base from the moment of capital entry.
What this says about the deal: Bregal Milestone is not betting on Nethive as it is, but on what it can aggregate; JoyComm is less a target than a first argument for the thesis.
📰Today's news · 44 evaluable in the cockpit
- Padoawelcometothejungle.com
Padoa, logiciel SaaS de paie pour 9M salariés français, est rentable
- Nethivebusinesswire.com
Bregal Milestone investit en majorité dans Nethive (logiciel B2B)
- SAFEseverythingstartups.com
27 Best Pre-Seed Funds With Fresh Capital in 2026
- Wendelglobenewswire.com
WENDEL : Activité du 3e trimestre 2026
📰Other news today — no identifiable company · 28outside the cockpit — explore via 🔎
- David Jenkins appointed as new CFO at Griffinfintechfutures.com
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- Startup Board of Directors: Who Sits on It at Each Stageboardio.com
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Set aside today · 187 (with reason)
- Girtz Industries — already covered
- Prana Therapies — already covered
- Dispeo — already covered
- Opérations réalisées — incomplete M&A — buyer or target not identified
- IA — already covered
- Octus — already covered
- Levée de fonds startup — already covered
- Levée de fonds — already covered
- Successful Acquisition Examples — incomplete M&A — buyer or target not identified
- TypeSafe AI — already covered
- QIAGEN — already covered on 3 days ago
- Trime — already covered
- Silence Therapeutics — already covered
- The Rapid Group — already covered
- ASI — already covered
- ShaMaran — already covered
- Enzo Ventures — already covered
- TraceWeave — already covered
- Vessla — already covered
- Indurex — already covered
- HACO — already covered
- Pigment — already covered
- OpenAI — already covered
- Sienna Private Equity — incomplete M&A — buyer or target not identified
- Fleuret AI — already covered
- Goodweek — already covered
- VoltR — already covered
- Factorial — already covered
- Maison Bécam — already covered
- Emplois Talent acquisition (Parmain (95)) — incomplete M&A — buyer or target not identified
- Acquisition d'entreprise à l'international dans 120 pays — incomplete M&A — buyer or target not identified
- Commission invests €3.4 billion in net-zero technology projects — incomplete M&A — buyer or target not identified
- M&A News Today: Latest Mergers & Acquisitions — incomplete M&A — buyer or target not identified
- Germany in Talks to Buy Thousands of European-Made ... — incomplete M&A — buyer or target not identified
- Startup Funding News Today, October 23, 2026 — incomplete M&A — buyer or target not identified
- Evelyn Partners — evenement_ancien
- Marcard, Stein & Co — source_generique
- European Lithium — evenement_ancien
- Barely announced in F2, Freddie Slater will drive in FP1 at ... — incomplete M&A — buyer or target not identified
- SEC changes token buyback guidance as spending hits ... — incomplete M&A — buyer or target not identified