HG CAPITAL takes majority stake in LEASEDRIVE GROUP

doValue SpA has completed the acquisition of 100% of coeo Group from Waterland Private Equity. To maintain an asset-light business model, doValue plans to divest the portfolio of loans currently held on coeo’s balance sheet to a third-party investor for approximately €60–€70 million. The acquisition was financed via a €325 million bridge-to-bond facility. The strategic rationale for this transformational deal is to accelerate doValue’s diversification into the fast-growing BNPL and e-commerce segments while securing a strong foothold in Germany and Northern Europe

Dubai Aerospace Enterprise (DAE), a leading global player in aircraft leasing, has completed the acquisition of 100% of Nordic Aviation Capital (NAC) from NAC Holdings Limited. This transaction is one of the most significant deals in the regional aircraft leasing sector in recent years and substantially strengthens DAE's international presence. The acquisition enables DAE to significantly expand the size and diversification of its fleet, with a post-acquisition fleet of approximately 750 aircraft, comprising nearly 650 owned or managed aircraft leased to 161 airlines across 74 countries

Bridgepoint has acquired a majority stake in Spartfin from Groupe Mentor. This primary LBO follows a competitive auction process managed by Rothschild & Co, where Bridgepoint prevailed over other major sponsors including Eurazeo. As part of the transaction, the founder’s holding, Groupe Mentor, will reinvest alongside Bridgepoint to maintain a minority stake in the new structure. The strategic rationale for the deal is centered on the immediate creation of a massive financial services platform. Upon closing, Spartfin will absorb the credit brokerage activities of Kereis (formerly CEP), another major asset in Bridgepoint’s portfolio

The transaction involves a secondary LBO of Auxiga, where Andera Partners acquires a majority stake from IK Investment Partners, who had held the company for four and a half years. As part of the deal, the management team will significantly increase its shareholding to approximately 15%, ensuring strong alignment with the new sponsor’s growth objectives. The strategic rationale for the investment is based on the significant untapped potential of the French inventory-based lending market, where only a fraction of the total estimated 500 billion EUR in domestic inventory is currently utilized as collateral

B2Holding has acquired Nacc from the French private equity firm Pragma Capital, which had been the majority shareholder since a 2015 LBO. The transaction values Nacc at an Enterprise Value <€100 million. This deal was preemptive; while Nacc originally sought UK-based financing to fund its portfolio acquisitions, the process attracted B2Holding’s interest. The exit also marks the departure of ActoMezz, which had supported Nacc since 2015 with junior mezzanine and €15 million in business-specific bond lines

HgCapital has entered into a definitive agreement to sell its entire majority shareholding in Zenith to private equity firm Bridgepoint. This divestment follows a highly successful investment cycle initiated by HgCapital's acquisition of Leasedrive in December 2013 and its subsequent strategic merger with Zenith in February 2014, a corporate consolidation engineered to capture substantial economies of scale. Under the new ownership structure, Bridgepoint will assume full control of the business, partner with the incumbent management team, and establish a new institutional framework to fund the company's next phase of commercial expansion

IK Investment Partners has acquired a controlling interest in Auxiga Group. This deal represents an entry-point investment into the specialized financial services sector, aiming to consolidate the group's undisputed leadership in the French and Belgian reference markets. The strategic rationale for the acquisition centers on professionalizing the group’s commercial strategy and developing cross-entity synergies to offer a broader range of asset-control services to banking partners. IK intends to support the management team in making inventory pledging a more dynamic and widely adopted financing tool for companies seeking to leverage their balance sheet assets

The acquisition of Capquest by Arrow Global brings together two complementary businesses, creating a larger, integrated group with enhanced capabilities in debt purchase and management. The combination of Capquest's in-house servicing platform and state-of-the-art collections system with Arrow Global's leadership in data enhancement, analytics, and supply chain management is expected to create a strong company, well-positioned to prosper in the current environment. The acquisition also adds a significant portfolio of assets at attractive returns, supporting Arrow Global's broad range of origination sources and extending its reach into new asset classes

HgCapital has entered into a definitive agreement to acquire a majority ownership stake in the parent company of Zenith Vehicle Contracts Group Limited from Morgan Stanley Global Private Equity (MSPE). The transaction leverages a strong consolidation rationale for the acquirer (with a fleet of 27k vehicles), which recently integrated Leasedrive, a direct competitor within the fleet management sector. By securing a short, exclusive due diligence window via its pre-emptive bid, HgCapital finalized corporate documentation with minimal disruption to the target's day-to-day business operations

Morgan Stanley Private Equity (MSPE) has entered into a definitive agreement to acquire a 60% majority controlling stake in Zenith Vehicle Contracts Group Limited. The equity interest is being acquired through a management buyout from funds advised by Barclays Private Equity (BPE) and Zenith’s management team. Under the transactional framework, Zenith’s executive team will roll over a portion of their equity to retain a 40% minority stake in the business. The transaction is subject to standard regulatory approvals and marks the company's fourth buyout in seven years for the Leeds-based corporate car leaser