Most recent deal Tuesday, August 4, 2026.
The carve-out of the German digital bank, which serves financial advisers and asset managers, allows the seller to concentrate on its core wealth management technology platform.
The Italy-based ingredient manufacturer reported €1.5 billion in revenue last year and operates 19 facilities, serving pastry, bakery, chocolate and ice cream customers in over 100 countries.
The Austin-based defense technology business, part of Advent-backed Cobham Ultra Group, develops mission-critical software, encryption, and edge-compute products for national security missions and employs roughly 220 people.
The newly formed unit gains a 150-person forward-deployed engineering team and the backing of a $4 billion private equity consortium led by TPG.
