FISK IDAG acquired by JOHAN I HALLEN & BERGFALK

The buyout of Ital Express by Naxicap Partners represents the transition of the commercial vehicle parts platform into its sixth institutional LBO cycle, following a successful five-year holding period by Capza that saw the target successfully double its revenue base to €65 million. This corporate spin-off and recapitalization allow the incoming majority sponsor to acquire a stake of over 50% in the holding company, structured alongside a substantial equity roll-over from the incumbent CEO Patrice Claverie and his executive management team to maintain operational continuity

Integrating Total Foodservice Solutions into the Kitwave Group infrastructure secures a dominant logistical foothold across the North West and Yorkshire catering landscapes. This maneuver specifically eliminates the geographic fragmentation between existing northern depots, establishing a contiguous service network for the region's high-stakes institutional clients. By unifying these high-heritage assets, the group achieves an immediate expansion of its multi-temperature product range, significantly bolstering its capacity to manage comprehensive supply contracts for schools and healthcare facilities

METRO AG expanded its European foodservice distribution platform through the acquisition of Johan i Hallen & Bergfalk (JHB) from Litorina. JHB is a leading Nordic supplier of fresh meat, fish and seafood products to the HoReCa sector, holding a strong position across Sweden and Finland. The acquisition provides METRO with an immediate entry into the Swedish and Finnish foodservice markets while strengthening its expertise in fresh protein categories. JHB contributes a well-established regional platform, long-standing customer relationships and differentiated processing capabilities

PAI Partners acquired a majority stake in ECF Group, valuing the company between EUR800M and EUR850M. Naxicap Partners, the previous majority owner, reinvested as a minority shareholder. The transaction aims to support ECF's dynamic "buy-and-build" strategy (30 acquisitions in 5 years) and its expansion into new segments like fast food and hygiene services.

WestCountry Food Holdings has been acquired by Kitwave marking a critical diversification of the group's product suite into the fresh produce category. This strategic acquisition complements the previous operation of M. J. Baker, creating a dense, multi-temperature service hub in the South West of England. By unifying the target’s high-heritage grower network with the group's national logistics framework, the organization constructs a comprehensive "one-stop-shop" platform for regional foodservice clients

Barentz acquired 100% of Unipex from its management team and BNP Paribas Developpement (who held ~27%). This transaction marks the successful conclusion of the OBO structure set up in 2019. The deal was negotiated bilaterally (pre-empting a broader auction). Unipex brings EUR90 million in additional revenue and strengthens Barentz's position in France and North Africa, where the Dutch group was historically underrepresented.

Integrating M.J. Baker into the Kitwave Group infrastructure secures a decisive logistical foothold in the Devon and Somerset landscapes. This strategic maneuver establishes a complementary service offering that effectively removes the category friction for South West independent customers seeking a unified temperature-controlled supply chain. By unifying the target’s technical operational depth in the West Country with the group’s national delivery framework, the organization constructs a comprehensive multi-category platform optimized for high-frequency fulfillment in seasonal leisure markets

TowerBrook acquired a majority stake in Groupe Bruneau from Equistone Partners Europe, alongside the management team. The deal was struck following a period of exceptional performance where Bruneau's revenue jumped from EUR310M (in 2017) to approximately EUR500M (in 2021). The investment thesis for TowerBrook centers on transforming Bruneau from a regional powerhouse into the undisputed European leader in workplace solutions.

Bur Distribution has successfully completed the acquisition of Accent Bio from its co-founders, Nelly Lopez and Philippe Boulling, marking a transformative corporate milestone that effectively doubles the size of the Île-de-France-based group. This strategic build-up operation expands Bur Distribution's consolidated revenue.From a strategic perspective, this primary build-up transaction allows Bur Distribution to fundamentally reshape its category mix and accelerate its transition into the high-growth organic grocery sector

Ecotone has successfully finalized the strategic acquisition of Danival, marking a high-profile consolidation milestone within the European and French organic agri-food industries. This transaction represents a complete shareholder transition, integrating Danival’s historic Andiran production facility, its dedicated local workforce of approximately 120 employees. From a strategic perspective, this build-up operation is highly complementary to Ecotone's existing asset architecture and aligns perfectly with its core mission to promote food biodiversity and alternative nutrition