GROUPE BBL acquired by GENEO

Aquasourca, accompanied by Stags, acquired a minority stake in Astr’in. The transaction was structured as an Owner Buy-Out (OBO), allowing the founders to cash out partially while retaining the majority of the capital and operational control. Key managers also increased their stakes. The new capital is earmarked to finance the expansion of the agency network (currently 5), the opening of new logistics platforms, and specific investments in the handling and storage of hazardous materials (Seveso constraints)

The deal involves EQT Infrastructure V fund's voluntary cash offer to acquire all outstanding shares in Torghatten ASA, excluding the airline segment, through HATI BidCo AS. The offer price is set at NOK 175 per share, with an additional distribution of shares in Flyco AS to existing shareholders, valuing each Torghatten share at NOK 192. This represents a 14% premium to the last registered trading price on Norway's NOTC. The transaction is subject to certain conditions, including a minimum acceptance level of 2/3 of the issued and outstanding share capital of Torghatten, regulatory approval, and the amendment of Torghatten's articles of association

Siparex and Bpifrance acquired a 51% majority stake in Top Chrono during the company's first-ever LBO. The transaction facilitated the exit of founders. The strategic rationale focuses on scaling Top Chrono's national footprint beyond the Paris region and capitalizing on the structural shift toward home delivery accelerated by the health crisis. The new shareholders aim to double the group's size through a mix of high organic growth and targeted external acquisitions (build-ups) to consolidate the fragmented last-mile delivery market in major French urban centers

CVC Fund VII is acquiring the Greek, Croatian and United Arab Emirates businesses of D-Marin from the Doğu Group. The transaction transfers the concession and management rights for the marinas located in these three countries, while the Turkish facilities remain owned by Doğu Group and continue to be operated by D-Marin under existing agreements. The deal is subject to the receipt of the required governmental approvals in each jurisdiction. CVC’s investment thesis targets the creation of a globally diversified premium marina platform that can benefit from scale economies and cross‑regional branding

Oaktree Capital Management made a strategic minority investment in MBE Worldwide, a global provider of logistics and business services. The transaction was structured as a significant capital increase, with the investment proceeds intended to fuel the company's next phase of growth. The founding Fiorelli family, who will continue to lead the company, retained a majority ownership stake post-transaction. The partnership with Oaktree provides MBE with significant capital and a strategic partner with deep experience to support its ambitious expansion plans

Star Service has completed its third leveraged operation (an OBO) to diversify its shareholding and support a new phase of healthcare-led growth. In this transaction, the founder and the management team (which has expanded since the previous 2013 operation) maintain majority control of the capital. The pool of minority investors has been significantly renewed: while historical partners Socadif and BNP Paribas Développement have reinvested, lead investor Andera Partners has fully exited its position via the Winch Capital 2 fund

The management team reorganized the capital structure to consolidate their majority position. Existing sponsors Siparex and NCI exited after a 5-year cycle. The new investor pool (Arkea, Unexo, Socadif) injected EUR35 million in equity. It is leveraged by a senior debt package of over EUR50 million arranged by BNP Paribas. The goal is to reach EUR420 million in revenue by 2021 through further buy-and-build operations.

Ouest Croissance acquired a minority stake in Vedettes de Paris to support the company's investment plan. The key objective was the electrification of the fleet (hybrid/electric boats) and the renovation of docking infrastructures to meet new environmental standards and enhance the tourist experience.

The acquisition of World Freight Company International (WFCI) by PAI Partners and Baring Private Equity Asia represents a significant strategic move in the global air freight industry. The deal is driven by the growing demand for air cargo services, particularly in the Asia-Europe corridor, and the need for companies to consolidate and expand their networks to remain competitive. WFCI's strong market position, extensive network, and experienced management team make it an attractive target for investors looking to capitalize on the growth potential of the industry

The acquisition of World Freight Company by Greenbriar Equity Group marks a significant milestone in the company's history, as it transitions from one private equity owner to another. The deal is expected to provide World Freight Company with the necessary resources and support to drive growth and expansion, both organically and through strategic acquisitions. The company's new ownership structure is likely to facilitate increased investment in its operations, enabling it to enhance its service offerings, expand its global reach, and improve its competitiveness in the market