ATELIERS DE FRANCE (FORMERLY MERIGUET-CARRERE) acquired by MANAGEMENT & PRIVATE INVESTORS

Spie batignolles has successfully finalized the acquisition of a controlling block in CIFE / Groupe ETPO, followed by a simplified tender offer to acquire the remaining share capital. This strategic transaction is designed to establish a new specialized autonomous branch within the group, significantly broadening its service offering in maritime, fluvial, and underwater engineering (segments where the acquirer was historically less active). The strategic rationale centers on geographic densification and territorial expansion, particularly in French Overseas Territories and international markets such as Canada and Africa

Demathieu Bard has completed its fifth management buy-out, a strategic transaction designed to further align company ownership with its operational leadership. The deal facilitates a significant increase in the stake held by the company's internal stakeholders. The historical management team, the group's executive board, and over 225 senior managers, alongside an employee savings fund (FCPE), now collectively own a controlling majority of the company's capital. This move solidifies management's control and is intended to foster long-term commitment and drive continued growth from within

Groupe Roger Delattre has engaged in its first-ever private equity transaction, securing a minority investment from Nord Capital Investissement through a primary Leveraged Buyout (LBO). This strategic move was designed to fuel the company's next growth phase while maintaining leadership continuity. The historical majority shareholder, Reinold Delattre, and his associate will retain their controlling stake post-transaction. A significant element of the deal involves creating an ownership path for key executives, allowing them to become shareholders and better aligning management interests with the company's long-term objectives

Argos Wityu acquired a 60% majority stake in TKH France from its Dutch parent company, TKH Group. The seller reinvested EUR26.5M to retain a 40% minority stake. The deal, valuing the company at EUR118.5M, aims to decouple the French entity to allow for an autonomous buy-and-build strategy in smart buildings and nuclear sectors.

The management team of the target has successfully finalized its fourth internal buy-out, renewing a strategic partnership with its historical financial backers. This transaction represents a pivotal "generational rotation" in the organization’s lifecycle, allowing senior executives to exit while enabling a new cohort of over 150 younger managers to gain a controlling equity stake. The strategic rationale for the move centers on the acquirer’s objective to maintain long-term institutional independence while refinancing the debt structure from the previous 2015 investment cycle

HAL Holding, the target's long-standing anchor investor since 1989, has successfully finalized the acquisition of 100% of the common stock of Royal Boskalis Westminster. This transformative transaction marks the end of the organization’s 51-year public listing on Euronext Amsterdam, transitioning the entity into a private subsidiary under the acquirer’s industrial portfolio. The strategic rationale for the move centers on providing a stable, private environment for the target to navigate the high-stakes, capital-intensive transition of the global maritime and offshore energy sectors

Veidekke has successfully finalized the acquisition of 100% of the shares in Constructa Entreprenør, integrating the organization into its Veidekke Bygg division. This strategic transaction represents a significant territorial densification in the Bergen market, one of the most attractive and competitive construction hubs in Norway. The strategic rationale for the move centers on the high degree of technical and cultural complementarity between the two organizations, particularly regarding their shared commitment to maintaining a robust workforce of permanently employed skilled workers

ByggPartner Gruppen has successfully finalized the acquisition of 100% of Åhlin & Ekeroth Byggnads AB, a transformative transaction that significantly increases the group's presence in the strategically vital Östergötland region. The strategic rationale for the move centers on the creation of a much larger industrial platform capable of competing for high-value contracts while leveraging shared expertise in digitalization and sustainable wood construction. This acquisition follows the group’s updated strategy of geographical diversification to reduce operational risks associated with regional market cycles

Per Aarsleff Holding has successfully finalized the acquisition of a majority stake in Trym Anlegg, a prominent Norwegian railway specialist, integrating the organization into the Aarsleff Rail Group. This strategic transaction represents a significant expansion of the group's footprint in the high-growth Norwegian infrastructure market, particularly within the central region. The acquisition is structured to include an initial majority interest, with a definitive path to full ownership by 2027 based on book value assessments

ByggPartner has finalized the acquisition of 100% of the shares in Flodén Byggnads AB, a strategic move that establishes a robust operational base in the Western Swedish market. This transaction was executed concurrently with the integration of another regional leader, transforming the acquirer into a significantly larger industrial group with a diversified geographic footprint across Sweden. The strategic rationale for the move centers on reducing operational risk through geographic expansion and capturing synergies within group-wide areas such as digital transformation, sustainable wood construction, and centralized procurement