KLABIN FRAGRANCES acquired by TURPAZ INDUSTRIES

Holcim has successfully entered into a definitive agreement to acquire 100% of Duro-Last, a move that establishes the group as a dominant force in the North American commercial roofing market. This strategic transaction marks a significant acceleration of the group’s "Strategy 2025," aimed at expanding its Solutions & Products division to represent 30% of total group sales. The strategic rationale centers on the integration of a highly profitable, high-growth platform that complements the group’s existing building envelope portfolio through proprietary thermoplastic technology and custom-made roofing solutions. By incorporating the target’s specialized R&D capabilities and manufacturing infrastructure, the group significantly strengthens its leadership in sustainability, particularly through advanced recycling and energy-efficient roofing systems. The partnership is designed to generate substantial industrial synergies by leveraging the group’s global distribution power and the target’s strong customer relationships in the US. This integration allows for a comprehensive end-to-end service offering in the lucrative commercial refurbishment and green building sectors. This move reinforces the group’s standing as a primary consolidator in the high-margin North American industrial construction landscape.

Motion Equity Partners acquired a majority stake in Tournaire alongside the founding family to accelerate the group's global development and industrial modernization. The strategic rationale is built on two pillars: geographical expansion into new high-growth markets and the capitalization on the environmental trend favoring aluminum as a sustainable, recyclable alternative to plastic packaging. Motion intends to leverage Tournaire's unique product range to capture market share in the pharmaceutical and fine chemical sectors while implementing an ambitious buy-and-build strategy to consolidate the specialized technical packaging market in Europe and North America.

The executive team of Safic-Alcan successfully organized a new Management Buyout (MBO) to reorganize its capital and reinforce management control. The transaction values the group above €1.0 billion, a significant milestone following a period of record growth. The deal marks a leadership transition, with Yann Lissillour succeeding Martial Lecat as CEO. A key feature of this transaction is the expansion of the employee shareholder base, with the goal of having over 500 employees holding equity. The financial sponsors provided a mix of equity and bond financing (obligations) to allow the management team to "re-lever" and strengthen their majority position. This structure ensures Safic-Alcan remains an independent, management-controlled entity while securing the resources for continued international development.

The Carlyle Group has announced its intention to acquire Altadia Group, the world's largest manufacturer of intermediate products for the production of ceramic tiles. This strategic acquisition will enable Carlyle to strengthen its presence in the materials sector and capitalize on the growth of the ceramic market. The acquisition of Altadia Group is the result of a sale process led by Lone Star Funds, which had acquired the group in 2017. Carlyle plans to finance the acquisition through a senior secured term loan and a senior secured revolving credit facility. The transaction is subject to customary regulatory approvals and is expected to be completed in the first half of 2022. This acquisition represents a significant strategic opportunity for Carlyle, which will be able to capitalize on Altadia's leading position in the ceramic market and its expertise in research and development. Carlyle plans to support Altadia's growth through the development of its R&D platform and strategic acquisitions to expand its presence in international markets.

The acquisition of Coventya by Element Solutions Inc represents a major turning point in the professionalization of the surface treatment sector, signaling a shift toward global industrialized chemical platforms. The strategic rationale for this transaction centers on a "portfolio-synergy" play, merging Coventya’s industry-leading technical operational depth in specialty plating with Element Solutions Inc's massive global scale and R&...D infrastructure. This structural alignment provides the combined organization with the scientific hardware required to address the increasing complexity of global supply chains, specifically the rising demand for lightweight aluminum treatments and sustainable hybrid-vehicle components.

Private equity firm BC Partners and the Canada Pension Plan Investment Board (CPPIB) have partnered to acquire advanced ceramics producer CeramTec. Following the completion of the deal, BC Partners and CPPIB will each hold a 50% equity stake in the company. The transaction facilitates the buyout of the stake previously held by BC Partners alongside its co-investors, which included the Ontario Teachers' Pension Plan (OTPP), Public Sector Pension Investment Board (PSP), Credit Suisse, and Adam Street Partners. Moving forward, BC Partners is deploying capital through its BC Partners Fund XI vehicle, while the deal concurrently marks the first realization for BC Partners Fund X. Prevailing as the highest bidder in the sale process, CPPIB is making an initial capital contribution of approximately EUR 800 million. The transaction is strategically intended to allow BC Partners to realize additional value within the platform. Together with CPPIB, the sponsors plan to continuously take advantage of further potential growth opportunities operating within the medical technology space. During its prior holding period under BC Partners, CeramTec successfully executed robust operational improvements, strengthened its medtech operations, and significantly developed its product pipeline.

Iberchem has acquired a 95% stake in Parfex, a French fragrance house, with the intention to launch a squeeze-out to delist the company from Euronext Access. This acquisition is highly strategic for Iberchem (and its parent Croda), as it secures a foothold in Grasse, France, enhancing its legitimacy in the "Prestige" and "Fine Fragrance" segments. Parfex's focus on premium, natural ingredients complements Iberchem's existing portfolio, which is historically stronger in emerging markets and mass-market applications.

The transaction involves Wendel and the Deconinck family forming a partnership to acquire a significant stake in Tarkett. The partnership, known as Tarkett Participation, will launch a simplified tender offer to acquire Tarkett shares at a price of €20 per share, representing a premium of 25.8% to the last closing price. The transaction is subject to certain conditions, including the receipt of regulatory approvals and the tender of a minimum number of shares. If the offer is successful, Wendel will hold up to 30% of Tarkett Participation, alongside the Deconinck family, which will maintain a controlling stake in the company.

The acquisition of Gault & Frémont by Groupe GUILLIN marks a strategic expansion of the latter's offering in paper and carton packaging solutions, complementing its existing portfolio of plastic and hybrid packaging products. Through this acquisition, Groupe GUILLIN aims to leverage Gault & Frémont's industrial expertise, innovative products, and commitment to environmental responsibility, to reinforce its position as a European leader in food packaging solutions. The acquisition is expected to enable Gault & Frémont to pursue its development in a proactive and long-term manner, with the support of Groupe GUILLIN's industrial and commercial expertise. The deal is part of UI Investissement's asset rotation strategy, following its initial investment in Gault & Frémont in 2015, and is expected to create new opportunities for growth and development for both companies.

Chequers Capital has acquired a majority stake in Alliance Etiquettes from Activa Capital. This transaction marks a highly successful exit for Activa Capital, which had built the group from a small regional player (Imprimerie Laulan, EUR8m revenue in 2015) into a national leader through eight add-on acquisitions. The management team remains invested in the business, and Activa Capital is reinvesting as a minority shareholder to support the next phase of growth. The new ownership aims to double or triple the group's size by pursuing international acquisitions in key wine-producing countries (Italy, Spain, Portugal) and expanding further into the luxury and cosmetics label markets.