TechInsights

TechInsights is the authoritative semiconductor and microelectronics intelligence platform supporting clients in innovation and decision-making through independent research and analysis.

TechInsights delivered a strong performance in 2025, supported by robust subscription revenue growth and strong renewal rates from existing customers. For the year ending December 2025, TechInsights reported double-digit revenue and EBITDA growth versus prior year. The company also expanded its capabilities with the acquisition of TechCet, a leading data and analysis provider focused on electronics materials supply chains and technical trends in the global semiconductor industry.

ProductLife Group (‘PLG’)

A leading player in regulatory and compliance services to the global life sciences industry.

PLG delivered solid performance, with core business revenue growing 2.2%. Total revenue was 3.7% lower than the prior year on a like-for-like basis, mainly due to underperformance in two subsidiaries, where management has since implemented remediation measures and stabilised results. Adjusted pro forma EBITDA declined by 2%, and the Group is advancing several initiatives to support integration and strengthen profitability. These include transitioning to a new Group operating model, progressing significant cost‑saving measures, rolling out upgraded IT systems and integrating historic acquisitions. PLG has also reinforced its leadership team with the onboarding of a new CFO, CRO and Chief HR Officer, and with Shaun Chilton assuming the role of Executive Chairman following the departure of the former CEO. The Group completed two add-on acquisitions in the first half of 2025 and continues to pursue further accretive opportunities.

Konzept & Marketing (‘K&M’)

A leading independent managing general agent (‘MGA’) in the German personal, non-life insurance market.

K&M Group delivered solid progress in FY25, with revenue rising 11% year-on-year and adjusted EBITDA increasing by 37%. The MGA division (primarily K&M) continues to grow in line with historic financials, as net premium is growing at 8% year-on-year (FY25) on the back of some new contract wins, limited churn and hardening rates. The Brokerage/Distribution division that was formed by way of the additional add-on acquisitions executed in Q3 2025 has shown double-digit EBITDA growth year-on-year and will continue to expand organically and through further tuck-in M&A. Looking ahead, the Group is focused on expanding its tied agent network, building out its sales hub and broker strategy, and further integrating operations.

G3

G3 is a global strategic advisory firm specialising in human-source intelligence, investigations, disputes, and cyber advisory services for corporate and private equity clients.

G3 operates in more than 80 countries, delivering c.800 projects annually for a client base that includes 9 of the 10 largest investment funds, 19 of the 20 largest law firms, and 7 of the 10 largest Western banks. Full-year performance was significantly ahead of the prior year, with revenue for FY25 up close to 40% year-on-year, strong growth across all service lines and an improved EBITDA margin. G3 continued to invest in its workforce through targeted hiring and further enhanced its technology platform to support future growth. International expansion also progressed, with a new office opened in San Francisco and additional hires in New York.

Infravadis

A tech-enabled platform focused on the European underground infrastructure maintenance market.

Infravadis was acquired in May 2025. For the 12 months to December 2025, the business delivered EBITDA growth of 20% on a like-for-like year-on-year basis, underpinned by sustained operational efficiencies and a deliberate mix shift towards higher-margin services. Two bolt-on acquisitions, completed in December 2025, expanded technician capacity and operational scale, enhancing the platform’s ability to drive incremental revenue. The M&A pipeline remains active, with a disciplined assessment of opportunities to deepen existing hubs, establish new ones, and accelerate integration to unlock synergies. As its first acquisition, Infravadis secured a majority stake in Abfluss Schäfer Group, a leading provider of sewage cleaning, pipe inspection and repair services in the Rhein Main region, with a consistent record of double-digit annual growth. This acquisition provides a strong anchor asset from which Infravadis aims to build a European market and technology leader in its segment. The company is focused on deploying proven, efficient operating processes across future acquisitions, creating a scalable platform for long-term value creation and consolidation in a highly fragmented market.

Tiger HoldCo (ONHC)

Southern Europe specialty insurance services platform.

Tiger HoldCo is a southern European specialty insurance services platform, with ONHC representing its first investment. The platform targets the specialty commercial insurance segment, a large and fragmented market where scaled operators can create meaningful value through specialist expertise, differentiated distribution and operational leverage. Demand in the segment is recurring and resilient, supported by rising product complexity and increasing client needs.

ONHC was acquired in October 2025. The business closed FY25 with revenue and EBITDA increasing 26% and 40% year-on-year respectively. Growth was driven by the onboarding of two new supplementary healthcare fund clients, increasing the contribution from high-margin MGAs and intermediation activities. ONHC remains focused on sustaining momentum through new client wins, targeted organic initiatives such as long-term care policies, retail and SME healthcare offerings, and an end-to-end third-party administrator solution, as well as ongoing M&A discussions to capture further market opportunities.

JBMC

A fast-growing Italian management and IT consultancy firm focused on the Financial Services sector.

Join Business Management Consulting (‘JBMC’) was acquired in June 2025. JBMC delivers operational improvement, IT project management, digital transformation, data and other tech-enabled projects for leading banks, insurance firms and payment companies in Italy. Over the past five years, JBMC has grown revenue at a compound annual growth rate of over 20%, outpacing the broader market. The group operates in the c.€1.2 billion Italian Financial Services consulting market, which is benefitting from a digitisation wave as Italy catches up with higher EU average investment in IT modernisation. For the 12-month period ending December 2025, JBMC reported revenue growth of c.13% versus prior year. Performance was driven by sustained revenues from the existing client base and successful commercial efforts resulting in new customer wins. JBMC is focused on driving growth, having completed its first bolt-on in December 2025, and is engaged in several M&A discussions alongside other strategic initiatives.