GAMBA & ROTA acquired by GROUPE ALAINE

This transaction represents a sponsorless management buyout wherein the incumbent executive team successfully acquires full control of Wiio. To securely finance this corporate transition without relying on a traditional majority private equity shareholder, the management leveraged a bespoke mezzanine debt facility provided by Cerea. This highly flexible financial structure perfectly empowers the leadership to maintain total strategic independence while securing the vital capital backing required to seamlessly transition ownership. The primary objective is to continuously drive the target's expansion as a premier logistics IT integrator under the direct guidance of its historical management.

Werner Enterprises acquired FirstFleet, Inc. for $245 million in cash for the operating business The acquisition is immediately accretive to EPS and establishes Werner as the 5th largest dedicated carrier in the U.S., increasing its dedicated revenue by ~50%. The deal aims to capture $18 million in annual synergies within two years by optimizing purchasing power and fleet density in the Eastern U.S.

The Groupe Jardel continues its external growth strategy by acquiring the Groupe Naval, a significant player in the South-West of France. This acquisition allows Jardel to strengthen its density on the Atlantic coast and reinforce its expertise in refrigerated transport for retail chains. The integration of Naval adds approximately 250 drivers to Jardel's workforce, pushing the group's total revenue past the EUR250 million milestone.

Deal Description: The group has finalized a definitive agreement to acquire the target in a move designed to fundamentally transform its European network density. The strategic rationale for this transaction centers on a "market-unification" play, merging the target's industry-leading technical operational depth in the Czech leisure market with the group’s established global low-cost infrastructure. This structural alignment provides the organization with the scientific talent and logistical hardware (specifically an additional 47 aircraft) required to address the increasing demand for affordable cross-border travel in the CEE region. This operation allows the group to execute a definitive structural expansion of its destination portfolio, particularly targeting the robust tour operator networks in Prague.

In a major market consolidation move, the logistics giant GEODIS has signed an agreement to acquire the Groupe Malherbe. This "Corporate" transaction marks the exit of financial investors (Siparex, etc.) and the end of Malherbe's independent LBO cycles. By integrating Malherbe, GEODIS significantly strengthens its French road transport network, creating a combined entity with EUR2 billion in revenue solely in this segment (Road Transport), capable of competing with European leaders.

Ardian reached a definitive agreement to divest 100% of its interest in NHV Group to GD Helicopter Finance. This industrial exit marks the culmination of a twelve-year transformation where Ardian supported NHV's evolution from a regional player into a diversified European leader. The acquisition allows GDHF to internalize NHV's specialized operational platform, creating a vertically integrated group capable of managing the entire lifecycle of mission-critical rotary-wing assets. The combined entity is positioned to dominate the North Sea and West African offshore markets by leveraging GDHF's fleet pipeline and NHV's MRO and pilot training certifications. The transaction ensures long-term operational continuity for oil, gas, and maritime clients under the ongoing leadership of the current executive team.

Antin Infrastructure Partners has acquired a majority stake in Swiftair, a leading European provider of outsourced express air freight services. This investment supports the group's new growth phase, focusing on fleet modernization and market consolidation. As a key partner for global logistics leaders, Swiftair will leverage Antin's expertise to expand its specialized network across critical sectors like e-commerce, pharmaceuticals, and food logistics.

The Breton group Armor Navigation, a family-owned specialist in maritime excursions and passenger transport based in Perros-Guirec, has been acquired by the Parisian investment group Inner. The transaction, finalized in October 2025, covers all the group's entities: the operating companies Armor Navigation and Compagnie Corsaire (Saint-Malo), as well as the real estate assets held by SCI Armor Navigation.

Clareton, a refrigerated transport specialist in Occitanie, structures its first LBO ("OBO/LBO") to finance a strategic external growth operation. The group brings in Re-Sources Capital as a minority financial partner, with 3mEUR equity investment.

Antin Infrastructure Partners has entered into a definitive agreement to acquire a majority stake (exceeding 70%) in Swiftair Group. The founder, Salvador Moreno, will retain a significant minority stake and continue as CEO to lead the next phase of growth. This investment represents the seventh transaction for Antin’s €2.2 billion Mid Cap Fund I. The strategic rationale focuses on capitalizing on the structural growth of the express airfreight market, fueled by e-commerce and critical logistics demand. Antin intends to support Swiftair in modernizing its fleet and pursuing further market consolidation, following the company’s previous successful acquisitions of Cygnus Air and West Atlantic. The partnership aims to optimize Swiftair’s intra-European routes while opportunistically exploring high-growth markets to meet the global needs of its Tier-1 integrator client base. The deal was supported by financial advisors Deutsche Bank and BBVA for the buyer, and Morgan Stanley for the seller.