GROUPE LOCATION TRANSPORT acquired by MBO+

Ramirent acquired the entire share capital of SRV Kalusto and simultaneously signed a long-term cooperation agreement to become the preferred equipment provider for SRV Group's construction sites. This allowed SRV to monetize its fleet and focus on construction, while Ramirent secured a major recurring revenue stream.

Kiloutou acquired Michaud Location to reinforce its network in the Alpes-de-Haute-Provence and Var departments. This tactical acquisition integrated 3 branches and approx. 15 employees. It allowed Kiloutou to recover a loyal local customer base and a well-maintained fleet of about 300 machines.

Warburg Pincus has finalized the acquisition of Supplier Assessment Services from Capita plc. This strategic carve-out includes the prominent Constructionline and Acclaim portfolios, marking a significant entry for the private equity firm into the UK’s third-party risk management space. The investment thesis for the acquisition is based on the increasing criticality of supply chain risk management and the rising global requirements for stringent health, safety, and procurement standards. Warburg Pincus intends to leverage the target's existing platform and deep network to accelerate growth through product enhancement and expansion into new industry verticals. The partnership aims to capitalize on the success of the target’s multi-level accreditation products and its single-source accreditation model, which provides essential resilience to public and private sector customers. By transitioning from a corporate-owned division to a private equity-backed entity, the organization gains the financial flexibility and operational support required to scale its technology-enabled services both domestically and internationally. This transaction reflects the growing demand for mission-critical compliance solutions in highly regulated infrastructure and service industries.

Private equity firm Hg has entered into a definitive agreement to fully divest its equity stake in JLA to pan-European investment firm Cinven. The transaction, which remains subject to customary regulatory clearances, marks the culmination of a highly successful holding period and exit process for the selling sponsor. Exclusively advised by investment bank Baird on the corporate finance front, Hg successfully concludes an investment cycle defined by significant operational transformation, executed in close partnership with the management team led by CEO Stephen Baxter. For Hg, this realization explicitly validates the execution of an ambitious, hybrid value-creation playbook. Having initially identified the target as a "hidden champion" within its niche, the sponsor actively backed management to massively scale the corporate footprint. This transformational scale-up was driven by continuous organic product innovation into adjacent vertical markets, coupled with an aggressive buy-and-build consolidation program comprising numerous strategic bolt-on acquisitions. The incoming financial sponsor, Cinven, intends to firmly leverage this established operational momentum and the company's highly defensive business model to accelerate the next phase of expansion and cement its sector leadership.

Eurofins Scientific has signed a definitive agreement to acquire Covance Food Solutions from LabCorp (which originally acquired the business through its 2015 purchase of Covance). The strategic rationale for the acquisition is to enhance Eurofins’ footprint in North America, the UK, and Asia while adding a high-quality portfolio of food product testing and consulting services. Because the two organizations have complementary geographic reaches and service offerings, no restructuring is required. Instead, Eurofins expects to realize top-line synergies through cross-selling to each organization’s existing client base. This divestiture allows LabCorp to focus on its core mission of improving health and lives, while positioning Covance Food Solutions within a group dedicated specifically to global food quality and development.

HLD and Dentressangle acquired a majority stake in Kiloutou to support its transformation into a pan-European leader. Under PAI (2011-2017), the group doubled its size. The new shareholders' mission was to accelerate international growth (Poland, Spain, Germany, Italy) and technical specialization.

Eurofins Scientific has signed an agreement to acquire 100% of EAG Laboratories from the private equity firm Odyssey Investment Partners. This acquisition represents one of the three largest transactions in Eurofins' history and significantly accelerates its 2020 growth roadmap by adding a new, highly profitable business line in the US TIC market. The strategic rationale for the deal is the perfect geographic and service complementarity between the two groups. EAG reinforces Eurofins' global offering in the strategic biopharmaceutical and agrochemical markets while providing a dominant entry point into materials and engineering sciences. The acquisition is expected to be highly accretive, with analysts projecting a 13% boost to EPS by 2018. Eurofins maintains a healthy balance sheet following the deal, with a net debt/EBITDA ratio estimated at 1.48x, allowing for continued expansion. No restructuring or consolidation of the existing laboratory network is planned.

Omers acquired a majority stake in Trescal from Ardian (who had held the asset since 2013).Omers successfully pre-empted a formal auction process—which was expected to attract heavyweights like PAI, Wendel, and Cinven—by moving quickly and submitting a fully financed, binding offer after a limited due diligence period. This move allowed them to secure the asset before a bidding war commenced.

Parquest Capital, in partnership with the existing management team, has completed the acquisition of Groupe Aserti from Galiena Capital. Under the leadership of founder and CEO Jean-Louis Gaertner, the corporate leadership team co-invested alongside Parquest to ensure operational continuity. The transaction transfers a platform backed by 270 employees and an established infrastructure network of 27 service centers. Parquest Capital will provide the necessary capital resources to back the group's corporate growth, taking over from Galiena Capital, which supported three bolt-on acquisitions during its investment cycle. The transaction expands Parquest Capital’s footprint within the industrial services market by backing a platform serving 8,300 active customers. Headquartered in Vannes, France, Groupe Aserti provides maintenance and operational lifecycle management for electronics, measuring instruments, servomotors, and CNC machinery across France, Germany, and Switzerland. The post-closing industrial strategy focuses on expanding this 27-center network, with a primary emphasis on territorial expansion within the German market, while concurrently acquiring technical capabilities in high-value-added maintenance segments.

The management team of Acces Industrie completed an MBO valued at approx. US$115M (~EUR100M). Parquest Capital took the lead alongside Irdi Soridec and CM-CIC to acquire the majority stake held by Butler Capital Partners. Oaklins advised the management on the reinvestment and the refinancing of the company's senior debt, which included a US$73M bullet loan from Idinvest Partners and Artemid.