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Arma Partners

Corporate finance advisor to technology companies and their investors: sales, acquisitions and capital raises

Founded 2003 · London, Munich, New York, Palo Alto · armapartners.com · 380 deals advised

1 Overview

380
Deals since 2003
74
Since 2024
$188B
Disclosed value, 141 deals
73%
Cross-border
41%
Of sell-side deals had a North American buyer

Arma Partners is an independent corporate finance firm, founded in London in 2003 with four people working on software M&A. It advises technology companies, their founders and their private equity owners on selling a business, buying one, and raising growth or minority capital. It has offices in London, Munich, New York and Palo Alto.

Its deal map lists 380 transactions from 2003 to Sep 2026: 221 sell-side deals, 84 buy-side deals and 75 capital raises. Most of the companies involved are in the United Kingdom, Germany, France and the United States, and 73% of the deals had parties in two different countries.

  • Application software
  • Infrastructure software & cybersecurity
  • Data & information
  • FinTech
  • Digital banking & payments
  • Media & internet
  • Communication services
  • Cloud managed services
  • IT services
  • Digital health
  • Industrial tech

2 Selected deals

Arma Partners’ most recent and largest deals

Arma Partners’ side of each deal, its date and its value in US dollars: the figure Arma Partners discloses, otherwise Dealroom’s. Largest is ranked by Arma Partners’ figures. Cards open the company’s Dealroom profile where there is one.

24 of 380 deals

acquired by

Buy-side · Sep 2026 · $110M

acquired by

Sell-side · Aug 2026 · $123.2M

Locked

Sell-side · Aug 2026

acquired by

Sell-side · Aug 2026

acquired by

Sell-side · Aug 2026 · $792M

Locked

Capital raise · Jun 2026 · $70M

acquired by

Sell-side · Jun 2026

acquired by

Sell-side · Jun 2026 · $207.8M

Locked

Capital raise · Jun 2026 · $34M

acquired by

Sell-side · May 2026

acquired by

Sell-side · Dec 2025

Locked

Sell-side · Nov 2025

further investment by

Buy-side · Dec 2023 · $20.9B

minority investment by

Capital raise · Apr 2025 · $16.5B

Locked

Buy-side · Jun 2022 · $11.6B

minority stake sold to

Sell-side · Mar 2025 · $5.9B

minority investment by

Capital raise · Jul 2024 · $5.2B

Locked

Sell-side · Jun 2024 · $4.2B

recapitalisation by

Capital raise · Dec 2023 · $4B

minority investment by

Capital raise · Nov 2024 · $3.6B

Locked

Buy-side · Oct 2024 · $3.5B

acquired by

Buy-side · Apr 2022 · $3B

acquired by

Sell-side · Nov 2023 · $2.3B

Locked

Sell-side · May 2025 · $1.8B

8 of the 24 selected deals are locked

The full profile lists all 380 transactions, with the buyers, investors and values.

Request access

Source: Arma Partners deal map, checked 23 October 2026.

3 Deals per year

Deals per year by type, 2003 to 2026

Sell-side and buy-side M&A and capital raises Arma Partners advised on. Labels give the 2025 counts.

0102030402003 · Sell-side: 12003 · Buy-side: 120032004 · Sell-side: 62005 · Sell-side: 420052006 · Sell-side: 22006 · Capital raises: 12007 · Sell-side: 22007 · Buy-side: 32008 · Sell-side: 42008 · Buy-side: 42009 · Sell-side: 42009 · Buy-side: 42010 · Sell-side: 62010 · Buy-side: 32010 · Capital raises: 120102011 · Sell-side: 72011 · Buy-side: 32012 · Sell-side: 142012 · Buy-side: 22012 · Capital raises: 12013 · Sell-side: 102014 · Sell-side: 122014 · Buy-side: 32015 · Sell-side: 172015 · Buy-side: 12015 · Capital raises: 320152016 · Sell-side: 142016 · Buy-side: 12016 · Capital raises: 12017 · Sell-side: 72017 · Buy-side: 42017 · Capital raises: 32018 · Sell-side: 122018 · Buy-side: 82018 · Capital raises: 62019 · Sell-side: 92019 · Buy-side: 22019 · Capital raises: 72020 · Sell-side: 122020 · Buy-side: 62020 · Capital raises: 820202021 · Sell-side: 192021 · Buy-side: 52021 · Capital raises: 12362022 · Sell-side: 152022 · Buy-side: 62022 · Capital raises: 102023 · Sell-side: 102023 · Buy-side: 42023 · Capital raises: 62024 · Sell-side: 122024 · Buy-side: 102024 · Capital raises: 72025 · Sell-side: 152025 · Buy-side: 92025 · Capital raises: 62026 to date · Sell-side: 72026 to date · Buy-side: 52026 to date · Capital raises: 3152026*Sell-side 15Buy-side 9Capital raises 6

* 2026 to 23 October 2026. Source: Arma Partners deal map.

4 Geography

Where the companies are and where the buyers come from

The country of the target company in each deal (the one sold, bought or financed), and the home region of the buyer in Arma Partners’ 221 sell-side deals.

Target company’s country

🇬🇧 United Kingdom141
🇩🇪 Germany41
🇫🇷 France33
🇺🇸 United States31
🇳🇱 Netherlands24
🇸🇪 Sweden17
🇮🇪 Ireland14
🇳🇴 Norway10
Other 20 countries69

Buyer’s region, sell-side deals

Europe: 120 (54%)North America: 91 (41%)Asia and rest of world: 10 (5%)221sell-side deals
  • Europe54%120
  • North America41%91
  • Asia and rest of world5%10

Source: Arma Partners deal map; countries from the flags on each deal.

5 Team

11 partners

The partners who lead Arma Partners’ deals.

  • Paul-Noël Guély

    Paul-Noël Guély

    Managing Partner

  • John Meehan

    John Meehan

    Partner

  • Tom Wells

    Tom Wells

    Partner

  • David Smith

    David Smith

    Partner

  • Eric Lawson-Smith

    Eric Lawson-Smith

    Partner

  • Varun Sunderraman

    Varun Sunderraman

    Partner

  • Jan Helle

    Jan Helle

    Partner

  • Claire Boydell

    Claire Boydell

    Partner & General Counsel

  • Andrew Wheatley

    Andrew Wheatley

    Partner

  • Laura Maddison

    Laura Maddison

    Partner

  • Daniel Fugmann

    Daniel Fugmann

    Partner

Source: Arma Partners team page, checked 23 October 2026.

Request the full advisor profile

Every deal on Arma Partners’ record with its buyers, investors and values, and the same profile for other technology M&A advisors in Europe.

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Advisor registry checked 2026-10-31T06:27:35.373Z. 0 relationships await canonical refresh. Sheet-linked dates and values come from Dealroom.