- Acquisition: TA Associates Management invests in the medical imaging technology company AIRS Medical.
- Acquisition: Vaaka Partners acquires the consulting company specialized in the construction sector Hultström Group.
- Add-on: Cezanne HR acquires the employee development platform Learn Amp.
- Acquisition: Latour Capital signs its first operation in defense with the acquisition of the anti-drone specialist CERBAIR.
TA ASSOCIATES MANAGEMENT
Acquisition: TA Associates Management invests in the medical imaging technology company AIRS Medical
AIRS Medical (Seoul / KOR), a company developing an AI-based platform that optimizes MRI by reducing scan times, improving image quality, and automating quantitative analysis across various scanners and different parts of the body, with solutions leveraging deep learning for image reconstruction and volumetric analysis to support efficient and consistent MRI workflows in clinical environments, has strengthened its financial resources by raising capital from TA Associates Management. This financing will support the company’s international expansion, the advancement of its AI-driven radiology technologies, and the continued innovation of its products. (TA Associates Management, press release)
VAAKA PARTNERS
Acquisition: Vaaka Partners acquires the consulting company specialized in the construction sector Hultström Group
Vaaka Partners, through Vaaka Partners Buyout Fund IV, acquires a majority stake in Hultström Group (c. SEK 310 million of revenue in 2025, Uppland / SWE), a company that develops and manages businesses specializing in the transformation and evolution of the built environment sector, with a focus on consulting, management, strategy, digitalization, technical development, and energy. With the support of Vaaka Partners, Hultström Group aims to develop its strategic consulting services, welcome new consulting firms sharing the same vision, and conduct targeted acquisitions (Vaaka Partners, press release)
NORTHEDGE CAPITAL
Add-on: Cezanne HR acquires the employee development platform Learn Amp
Backed by NorthEdge Capital, Cezanne HR (£8 million of revenue in 2024, London / ENG), a provider of cloud-based human resources management software solutions (HRIS) designed to simplify and automate all aspects of HR and payroll processes within medium-sized or growing companies, acquires Learn Amp (London / ENG), an AI-assisted employee development platform, integrating learning management, talent development, and performance enhancement, and centralizing processes such as onboarding, engagement, blended learning, compliance management, skills development, and goal alignment to optimize employee growth and performance management. This operation marks the second complementary acquisition for Cezanne HR since the initial investment by NorthEdge Capital in 2023. (NorthEdge Capital, press release)
LATOUR CAPITAL
Acquisition: Latour Capital signs its first operation in defense with the acquisition of the anti-drone specialist CERBAIR
Latour Capital, via its Emergence Défense fund, accompanied by the Fonds Innovation Défense of Bpifrance, acquires CERBAIR (Île-de-France / FRA), a company that develops anti-drone solutions based on electronic warfare, signal processing, and artificial intelligence, allowing the detection, identification, and neutralization of malicious drones for civilian and military applications. This transaction is the first operation carried out by Emergence Défense since its launch in 2026. With an annual growth rate close to 30% over the past four years, CERBAIR aims to accelerate its technological and international development to establish itself as a global leader in anti-drone warfare, by combining organic growth and targeted acquisitions (Latour Capital, press release)
