Scale, specialization and capital shape Q2 transactions
Deal activity I Q2 2026
In Q2 2026, our clients completed 69 transactions, reflecting continued activity across sell-side and buy-side M&A, fundraising and other corporate finance assignments. The quarter included 30 sell-side transactions, 20 buy-side transactions, 16 fundraising transactions and three other corporate finance transactions. While transaction rationales varied by company and sector, many were linked to clearly defined priorities: expanding internationally, strengthening specialist capabilities, securing capital for growth, supporting succession and building platforms for further consolidation.
A clear theme across the quarter was the value placed on specialist platforms with room to scale. In healthcare, transactions involved companies active in clinical workflow, fertility, neurorehabilitation, medical devices, surgical materials and pharmaceutical products. In TMT and technology-enabled services, buyers and investors backed businesses with strong digital platforms, recurring revenue models or proprietary capabilities, from fintech and content technology to maritime intelligence and self-service retail solutions. In construction, infrastructure and real estate, several transactions focused on asset repositioning, urban redevelopment, telecom and utility infrastructure, and industrial construction.
Private equity remained active both as a buyer and as a growth partner, particularly where companies offered a strong platform for consolidation or expansion. Several deals were linked to buy-and-build strategies, including medico-scientific education in Italy, audit and advisory services in Finland, forecourt and roadside retail assets in the UK, and specialist infrastructure services in Northern Europe. Fundraising activity also reflected specific business needs, including acquisition financing, refinancing, capital for product development, commercial expansion and support for public-market growth plans.
The quarter showed how important preparation, positioning and process management have become in getting transactions completed. In several client testimonials, business owners and management teams pointed to the value of having an advisor who could understand the business in depth, identify what really drove value, prepare the company for market, structure financing options and keep complex discussions moving. In processes involving multiple stakeholders, cross-border interests or detailed due diligence, this support helped clients maintain clarity, confidence and momentum through to completion.
Across these transactions, entrepreneurs, family-owned businesses, corporates, private equity investors and listed companies pursued a wide range of strategic objectives, from international expansion and product development to succession, refinancing and buy-and-build strategies. The transactions and client quotes below show how these objectives translated into concrete decisions.
A selection of deals closed in Q2
Over the past years, we have built itemedical into a trusted partner for hospitals by combining innovative technology with deep clinical expertise. As healthcare continues to evolve, we believe Halma is the ideal long-term home for our company. Their decentralized approach, long-term investment philosophy and commitment to preserving entrepreneurial cultures make them an excellent fit for both our employees and our customers. We are excited to continue our growth journey as part of the Halma family while remaining focused on delivering innovative solutions that improve patient care.PETER HOF, CEO, ITEMEDICAL
Oaklins provided advisory support to Boeser Frischfleisch in connection with the acquisition financing. Oaklins acted as a professional sparring partner across all financing-related matters, supporting us in developing relevant financing options and in the dialogue with financing partners. The collaboration was characterized by an open, trust-based and solution-oriented exchange.CHRISTIAN BOESER, MANAGING PARTNER, BOESER FRISCHFLEISCH GMBH
The sale of C3F was a demanding process, marked by numerous challenges and significant complexity. Throughout this journey, Oaklins’ team in Canada stood out for their exemplary professionalism. Their ability to engage all parties, maintain constructive dialogue and negotiate with precision was instrumental in reaching a solution that was truly beneficial for everyone involved. Their strategic approach and deep understanding of the issues at stake made it possible to complete a transaction that, without their guidance, would have been very difficult to bring to a close. We have already had the opportunity to recommend Oaklins, and we will continue to do so without hesitation.ANTOINE CHAMBERLAND AND MONIA BISSONNETTE, CO-OWNERS, C3F TELECOM INC.
I would like to thank the Gaižēni management team for their professional management and deep loyalty, and for achieving profitable results every year. I would also like to say a few words about our long-term relationship with Oaklins. We initially used Oaklins in the GroGlass company sale some 10 years ago. Based on their excellent service and hard work, we chose Oaklins to represent the selling shareholders in this transaction as well. Oaklins once again performed professionally.KĀRLIS CERBULIS, CHAIRMAN OF THE BOARD, NCH CAPITAL
Financial advisors, corporate financiers — what counts is not what they say they can do for their client, it’s what they actually do. With Oaklins Cavendish we found an advisor that took great care to thoroughly understand our business, its markets and competitors and our chosen partner. Throughout a lengthy and detailed due diligence process, Oaklins Cavendish were extremely effective in ensuring there was absolute clarity in every quarter. Their financial acuity was impressive. Nothing was left to doubt. As a result, I firmly believe the deal we achieved with the assistance of Oaklins Cavendish will lead to a long and successful partnership with our new co-investor.SIR ANDREW COOK CBE, CHAIRMAN, WILLIAM COOK HOLDINGS LIMITED
Oaklins’ team in Finland helped us a lot in the early stages by swiftly initiating and facilitating the dialogues between us and the relevant entrepreneurs across the target population. With our investment strategy, it is very important for us to have a local advisor on board who moves swiftly, connects well with the relevant entrepreneurs and who we can trust across the various aspects of an engagement.TOMI MARTAS, PRINCIPAL, ASPIRA PARTNERS
We are very pleased with the support and expertise provided by Oaklins’ team in Belgium. Their support during the sales process, from the start of the preparations to the final negotiations, was valuable in getting the deal done. Their insights and advice enabled us to secure a new partner for the next phase of Terhills Resort.TOM VANHAM, CEO, LRM, BELGIUM
We greatly valued Oaklins team in the Netherlands’ expertise and collaborative approach throughout the successful arrangement of this tailored financing structure.MICHIEL VAN WISSEN, MANAGING PARTNER, BOLSTER INVESTMENT PARTNERS
Oaklins’ Australian and French teams delivered a strong cross-border execution on a complex, multi-jurisdictional defense technology acquisition. Their combined sector expertise, transaction discipline and capital markets advice were instrumental in completing this transformational acquisition for EOS.DAVID BERT, DIRECTOR, CORPORATE DEVELOPMENT AND INVESTOR RELATIONS, ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED
The acquisition of the Portuguese company represents another step in Selena Group’s consistent efforts to strengthen its position and expand its portfolio with products that have promising growth potential and align with current trends in the construction market. We are observing growing demand for innovative and technologically advanced thermal insulation materials, and the completion of this transaction reflects the importance of this segment in the group’s further development.SŁAWOMIR MAJCHROWSKI, CEO, SELENA GROUP
We are very pleased with the outcome. The team understood the complexity of the asset from day one and structured a solution that worked for us — allowing us to move forward with the repositioning while managing our existing debt obligations at the same time.THOMAS BERNER, MANAGING PARTNER, BERNER GROUP
Oaklins provided outstanding support and led the transaction with great professionalism, commitment and strategic guidance. Without their restless advice and hands-on execution, we would not have been able to close this transaction. As a private owner it was hard to imagine upfront how complex it is to sell your own company. With One Equity Partners, we have found a strong partner who not only shares our values but also respects our self-image and identity as a family business. Together with OEP, we will further strengthen our international presence while expanding into other industries, serving new clients with F.EE’s high-performing technology in the future.HANS AND ROBERT FLEISCHMANN, MANAGING SHAREHOLDERS AND SELLERS, F.EE GMBH
This was Grafton’s second acquisition in Spain where we worked closely with Oaklins Socios. As with our first transaction, we could rely on the Oaklins team, led by Laura Satrustegui, to manage the relationship with great care, balancing our interests as a client while ensuring the sellers’ perspective was clearly understood and respected. The team took the time to fully understand our priorities, and worked tirelessly with a consistently positive and solutions-oriented attitude. Combined with Oaklins’ deep understanding of the Spanish market and a strong command of the intricacies of M&A processes, the result was a highly collaborative and ultimately enjoyable transaction, where both buyer and seller were delighted with the outcome.STEPHEN HUNTER, CORPORATE DEVELOPMENT DIRECTOR, GRAFTON GROUP PLC, IRELAND
From our earliest discussions right through to completion, Oaklins’ team in Ireland were a highly supportive and trusted advisor to SAP Landscapes. The team invested significant time in understanding our business, not just on the surface, but what really drove its value and where the real opportunities lay. This helped us articulate our growth strategy and see the opportunity more clearly. Their guidance, constructive challenge and consistent support ensured we were well prepared for the market, giving us real confidence which ultimately led to a very positive outcome for shareholders.GEOFF MORAN, MANAGING DIRECTOR, SAP LANDSCAPES LIMITED
Our thanks go to the Oaklins Cavendish team who delivered a first-class result and supported us throughout. They understood the importance of preserving Ariya’s outstanding model as well as achieving overall value, and we are delighted with the outcome.PAUL CONSTABLE, MANAGING DIRECTOR AND FOUNDER, ARIYA NEURO CARE
