ADVANCION (ANGUS CHEMICAL) acquired by ARDIAN

The transaction involves the acquisition of a 50% interest in Ingegner Giulio Faggioni Carrara (IGFC) by the listed entity Franchi Umberto Marmi (FUM). A significant feature of the transaction is the strategic reinvestment by the seller, Giulio Vanelli Marmi (GVM), which subscribed to a 29.4 million EUR capital increase to hold a 9% stake in FUM, subject to a 36-month lock-up. Strategically, this move secures FUM’s long-term access to the world's most sought-after marble varieties, Statuario and Calacatta, thereby reinforcing its competitive moat and vertical integration

Croda International has acquired Iberchem Group from the French private equity firm Eurazeo. This acquisition provides Croda with an immediate, high-growth platform in the global Fragrances & Flavours (F&F) market. The deal allows Croda to offer "full formulation" solutions to its customers (combining active ingredients with scents). Iberchem will continue to operate as an independent entity to preserve its agile culture. The transaction was funded via a combination of existing debt facilities and an equity placement

This operation represents the first programmatic bolt-on acquisition executed by Clayens NP since its primary sponsor-backed buyout, designed to accelerate the platform’s diversification into highly resilient and high-margin healthcare manufacturing verticals. Negotiated on a proprietary bilateral basis due to long-standing industrial relationships and a previous site acquisition in 2017, the transaction allows the seller, PSB Industries, to complete its strategic pivot toward luxury and beauty packaging while divesting a non-core industrial asset

Private equity firm Cerea Partners, utilizing its Cerea Capital II fund, has completed the acquisition of family-owned group Axium through a primary LBO transaction. As part of this deal finalized on June 25, 2020, Bpifrance has joined the consortium to acquire a minority equity stake in the business. Historical CEO Yves Cury and his management team have demonstrated their ongoing commitment by reinvesting significantly in the newly formed corporate structure. The transaction facilitates the exit of the former shareholders, which include the Cury family and Crédit Mutuel Equity SCR

Alliance Etiquettes has completed its eighth external growth operation since 2015 with the acquisition of 100% of the share capital of 5 Sept Etiquette. This strategic transaction significantly reinforces the group's presence in the Southeastern France region (Provence / Rhone Valley), a critical area for premium wine production. The deal integrates a company with unique digital know-how and a complementary client portfolio. While the financial terms were not disclosed, the acquisition adds EUR12 million in revenue to Alliance Etiquettes, further consolidating its position as a market leader

Sparring Capital acquired a majority stake in Pure Trade alongside the management team. The transaction marked the first deployment of the Sparring Capital Fund 2. The partnership was strictly engineered to accelerate Pure Trade’s international expansion—particularly in the United States—and to professionalize the group’s organization while participating in sector consolidation via external growth. Pure Trade had demonstrated solid fundamentals with an annual growth rate of nearly 20% p.a. over the five years leading up to the transaction

Poncin Metal underwent a management buyout supported by Sofimac Regions and Esfin Participations. The transaction allowed for a smooth leadership transition while providing the capital needed to pursue an ambitious modernization plan. The investment thesis focused on Poncin Metal's strong positioning in high-value-added industrial subcontracting and its potential to capture new markets through technological upgrades.

This control transaction represents the full acquisition of Bal Seal Engineering by Kaman Corporation, executing on a defined capital reallocation script following Kaman’s strategic divestiture of its low-margin automation and fluid power distribution units to Littlejohn & Co. The transaction allows Kaman to deploy its substantial cash reserves into an asset class featuring high structural gross margins and recurring consumable revenue streams, pivoting the group’s portfolio toward highly resilient medical technology and proprietary aerospace verticals

Cobepa S.A. has acquired a majority stake in Gerflor SAS from Intermediate Capital Group (ICG) and other shareholders, including Credit Mutuel Equity. Following the transaction, ICG (which had owned the company since 2011) will retain a significant minority stake. The deal was finalized in late January 2020 after receiving approval from the European Commission. The strategic rationale for the acquisition is to strengthen Gerflor’s market leadership and accelerate its international expansion, particularly in North America and Asia

Green Arrow Capital has acquired a majority stake in Poplast from Eos Investment Management (which held 86.5%) and minority operating partners. The management team, including Carlo Callegari and Pierangelo Fantoni, has reinvested in the company. The deal values the company at over EUR110 million. The acquisition aims to create a "Green Packaging" pole by aggregating other companies in the flexible packaging sector that focus on recyclable and compostable materials. The transaction was financed by Credit Agricole Italia and Deutsche Bank