M&A
· 5 min
M&A Aerospace & Defence France Q2 2026 — A record quarter and premium valuations
54 transactions, over €10bn exchanged, defence in the lead: the Q2 2026 picture is one of accelerating consolidation.
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Artificial Intelligence
· 5 min
US frontier AI directive: a structural signal for European sovereignty
The unilateral tightening of US export controls on advanced AI turns dependence on American models into a systemic strategic risk for Europe.
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M&A
· 5 min
Foreign capital and DefTech: anticipate the FDI review from deal preparation
Sovereign tech sell-sides must structure hybrid arrangements early to reconcile foreign capital with national control under France's IEF foreign investment review.
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DefTech
· 3 min
European DefTech consolidation: the strategic window for €10–30m SMEs
NATO budget pressure, programme ramp-up and mid-cap appetite: why the next 24 months will durably reshape the sector's ownership map.
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SpaceTech
· 5 min
SpaceTech: building a coherent build-up as the value chain restructures
Payloads, propulsion, in-orbit services: mapping critical bricks and aggregation logic for industrial and financial acquirers.
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Valuation
· 4 min
DefTech and dual-use valuation: what buyers really pay for
Beyond the multiple, sovereign buyers price strategic optionality, access to programmes and technological control. How to prepare the equity story accordingly.
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