M&A volume in the Regtech sector continued its strong pace in 2025 with 422 deals, a 10-year high. There was strong demand from both strategic and financial acquirers, with Private Equity firms accounting for 39% of the deals. Disclosed deal value was $46.18B, significantly exceeding 2024’s disclosed value of $9.3B. However, only 12% of the transactions in 2025 disclosed deal values, as buyers preferred to keep their M&A strategies private.
Buyers, sellers, bankers and analysts examine the current state of mergers and acquisitions market for Regtech companies.
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Seller: Perrillon Seller Details: Perillon delivers flexible and simplified EHS risk and compliance solutions to industrial enterprises across the United States, helping them efficiently manage daily compliance activities, including incident investigations, audits and inspections and environmental data reporting. Buyer Details: Lisam System's easy-to-use, flexible solutions incorporate the latest regulatory content to deliver innovative and affordable SDS and chemical management solutions designed for all major global commercial markets. Key vertical industries include: chemical, specialty chemical, energy, plastics, paints, coatings, coverings, cosmetics, aromas and flavorings, and detergents. Deal Descriptions: Perillon Software engaged Corum to find a buyer for their business. As a friends and family-funded company that accumulated a sizable amount of debt and bootstrapping the business had also restricted their growth rate relative to some of their well-heeled VC-backed competitors. After a global search with high levels of interest from a number of parties, eventual buyer emerged, Lisam Systems out of Belgium. Despite its business challenges and having to go through bankruptcy court for final resolution, Perillon achieved and exit that was in line with current market valuations. |