2025 was a particularly intense year for Altios Corporate Finance (ACF). With 11 deals signed across three continents in 2025, ACF established itself as a leading cross-border mid-cap buy-side M&A player. This momentum was reflected with a 5th place ranking in the prestigious 2025 Fusacq league table, recognizing the commitment and expertise of our teams.
This recognition comes at a symbolic moment: the 35th anniversary of Altios International. Since its creation, the group has been committed to supporting SMEs in their international development, historically leveraging organic growth drivers. International recruitment, payroll management and HR support, subsidiary creation, and supply chain structuring: these capabilities have progressively been structured around a powerful network of more than 750 experts, operating across 40 offices in 26 countries.
In this context, external growth naturally emerged as a strategic extension of this offering, complementing the group’s value chain with a true 360-degree approach.
The development of the cross-border buy-side M&A practice responds to growing demand from companies seeking to accelerate their international expansion through transformative acquisitions.
To date, more than 60 external growth projects are being managed simultaneously worldwide, illustrating both the depth of the addressable market and Altios’ ability to support clients over the long term on complex, cross-border acquisitions.
This growth reflects a strong conviction: the success of cross-border M&A transactions relies on a direct, on-the-ground presence, with local teams and a deep understanding of local market specificities.
With a network of 40 fully owned offices in more than 20 countries, Altios supports its clients across the Americas, Oceania, Europe and Asia.
Since its creation, Altios Corporate Finance has maintained a clear positioning: supporting mid-sized companies in their international external growth strategies. The team works alongside both family-owned businesses and companies backed by investment funds.
This positioning is rooted in long-term relationships with our clients and partners, such as the Crédit Agricole Group and several investment funds.
Finally, this support is delivered through mandates targeting off-market opportunities. Concretely, the identified and approached targets are not engaged in a sale process. This approach provides a decisive advantage for our clients:
• No competitive bidding process
• Greater negotiating power on price and transaction terms
• More direct relationships with management
This positioning translates into a particularly high LOI conversion rate of 75%, reflecting the relevance of the targeting and the quality of the team’s approach.
A few key figures illustrating Altios Corporate Finance’s off-market positioning:
• 80% of transactions completed on a bilateral basis, with no competing buyers
• 5 proprietary deal angles created out of 10 companies initially not for sale
• 1 round of EBITDA paid by our customers less than on intermediate processes
Thanks to this approach, in 2025 Altios Corporate Finance contributed to €150 million in additional revenue acquired by our clients, with an average transaction value of around €30 million.
Examples of transactions completed over the past two years by Altios Corporate Finance include:
• TRB – acquisition of Mt. Savage Specialty Refractories in the United States
• SYSCOM – acquisition of GSR Technology in Italy
• CLS – double acquisition of Ground Control in the United Kingdom and NGIS in Australia
• Mauffrey – double acquisition of Global Feed Ecotrans in Spain and La Nettatutto in Italy
This momentum is also confirmed by the recognition of our clients, as illustrated by Thibaut Poulain, Strategic Development Director of TRB Réfractaires, who stated:
“The ALTIOS International team transformed our strategic thinking and ideas into a concrete and structured action plan. Their support allowed us to focus on data analysis and on building a strong relationship with the management and sales teams, without being distracted by technical or logistical issues. It was a smooth, efficient and highly valued collaboration.”
We approach 2026 with the ambition to pursue this international momentum and to support new ambitious projects in collaboration with our clients. Altios Corporate Finance will continue to leverage its expertise, international network, and off-market approach to serve both its banking partners and investment funds, delivering high-value-added transactions for our clients.
ALTIOS Contact: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
