June saw 29 PE-backed acquisitions across Europe, an decrease of 3% compared to the same month last year.
Number of announced PE-backed acquisitions over the past 12 months*
- Number of PE-backed Acquisitions
Roll-Up Market Insights
With 29 acquisitions, the number of PE-backed acquisitions increased by 81% compared to the previous month.
With 20 acquisitions, the UK presents the country with most PE-backed acquisitions.
In June, the landscape was evenly distributed, with no more than one acquisition by any financial sponsor.
Software (10), FinTech (9), Health Care (7) and Consulting (4) are the most mentioned acquired industries.
This month’s case study: Blend360 – The AI, data science & analytics platform
Founded in 2015 in Maryland, USA, Blend360 is a sponsor-backed buy-and-build platform delivering AI, data science and analytics services across financial services, TMT, healthcare and travel.
Backed by Recognize Blend360 has pursued an active buy-and-build strategy, announcing 5 acquisitions since 2020.
- Blend360's Acquisitions
Its latest move came in June 2026, with the acquisition of In516ht (founded in Ljubljana, Slovenia). In516ht is a Snowflake Partner. Snowflake is a cloud data platform that companies use to store and analyse their data. In516ht moves clients off legacy systems onto Snowflake and builds tailored AI platforms for controlling and analytical marketing.
Blend360 is a US based provider of AI, data science and analytics services. It has set out a five year, $300m acquisition programme intended to add capabilities, geographies and industry depth, alongside scaling its Latin America delivery centres and expanding partnerships with AWS, Databricks, Snowflake and Pega.
Buy and build: Blend360’s strategy to build a global AI & data platform
On June 2nd 2026 Blend360, the US company backed by Recognize, acquired In516ht, a Snowflake Elite Partner based in Ljubljana. The deal is Blend’s first European acquisition; it adds around 90 data engineers and extends the group’s reach into the Middle East (Dubai and Riyadh), broadening its Snowflake capabilities across EMEA.
Case study:
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In 2015, Blend360 was founded by Patrick Hennessy and Tim Berry (former Merkle executives) in Columbia, Maryland, providing data science, analytics and talent solutions — building the foundation for a global AI & data platform.
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Since 2023, Blend360 has pursued a GenAI-led growth strategy, launching its Generative AI suite and setting out a five-year ~$300m (€260m) buy-and-build programme backed by Recognize — reaching new capabilities, geographies and industry depth.
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Between 2024-2026, Blend360 broadened the platform across capabilities and geographies — acquiring Nuvo and Cognida (2024) and FutureproofAI (2025), scaling Latin America delivery centres, expanding into Mexico, and completing its first European acquisition of In516ht (Ljubljana) to add ~90 data engineers and extend reach across EMEA and the Middle East.
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These moves enable Blend360 to scale a global AI & data platform by combining data science, GenAI engineering and talent solutions — deepening partnerships with AWS, Databricks, Snowflake and Pega while broadening Snowflake capabilities across EMEA.
*All data from CrunchBase, as of July 6, 2026.
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