LA TÊTE DANS LES NUAGES acquired by BYWAY CAPITAL & BPIFRANCE

Aermont Capital has entered into an agreement to acquire Park Holidays, the UK-based holiday park and leisure home business of Sun Communities. The transaction encompasses all assets through which the US group operates in the UK, marking Sun Communities' exit from this market. This divestment is part of Sun Communities' strategy to refocus on its core manufactured housing and recreational vehicle businesses in North America. For the seller, the deal enables a simplification of its asset portfolio and concentration of resources on priority markets

Nextalia SGR assumes control of Costa Edutainment through the acquisition of the group’s top holding company, marking the exit of DeA Capital Alternative Funds (Green Arrow Capital) from the shareholder base, alongside a broader restructuring of ownership. The transaction also includes a partial reinvestment by the founding family through its controlling holding, ensuring continuity and alignment within the new capital structure. The scope covers the group’s full portfolio of leisure and cultural infrastructure assets, operated under long-term concession and management agreements

Emirates International Investment Company (EIIC), a leading UAE‑based private investment firm and the strategic investment arm of National Holding Group, acquired a minority stake in Joe & the Juice. The transaction is structured as a mix of secondary share purchases from General Atlantic and the issuance of new equity, with General Atlantic remaining the majority shareholder and retaining control of the business. The move deepens an existing partnership between the two parties, as EIIC already operates as a franchise partner for Joe & the Juice in several markets, including Spain and Turkey, where it combines local market knowledge with capital to support store rollout and brand‑building

The transaction involves the acquisition of Bäckerei Kamps GmbH by Argos Wityu from the French conglomerate Le Duff Group. This acquisition is a pivotal step in Argos Wityu's overarching strategy to consolidate the German bakery market, following its 2024 acquisition of Bäckerei Schmidt and subsequent add-on deals in 2025. The integration of Kamps into the existing platform creates a powerhouse in the sector, operating over 400 branches nationwide. The rationale for the deal is rooted in achieving significant economies of scale, particularly in procurement, production, and logistics, while maintaining the strong local brand identities of the individual chains

Apollo Global Management has agreed to acquire a minority stake in The GoodLife Group a Canadian fitness giant. This transaction represents the first time GoodLife has taken on external equity capital in its 47-year history. The founder will remain as Chairman and a significant shareholder, maintaining the company's operational continuity. The strategic rationale for the deal is to provide GoodLife with the necessary capital to accelerate its long-term expansion strategy and reinforce its leadership position in the Canadian market

Friendly Hotels has secured a new round of investment to accelerate its expansion in major Alpine ski resorts. The operation sees the historical financial sponsor, 123 Investment Managers, renewing its commitment, strategically joined by new institutional partners Bpifrance and Smalt Capital. This newly formed financial consortium provides the crucial capital required for Friendly Hotels to successfully acquire the business and real estate of a new prime hotel, alongside purchasing the underlying property of one of its historically managed assets

Antin Infrastructure Partners entered into exclusive negotiations to acquire a majority stake (>90%) in Belambra Clubs from Caravelle. The transaction marks the exit of the family holding Caravelle after a 12-year holding period. The deal is executed via Antin's Midcap I fund. The management team remains in place to execute a EUR100 million investment plan. The strategic roadmap focuses on moving upmarket, opening at least one new site per year, and notably acquiring the real estate assets ("walls") of several clubs to secure the asset base

Bchef acquired its direct competitor "Les Burgers de Papa" to create a group with EUR40M in revenue and 70 restaurants. The transaction was funded by Bchef's previous fundraising with Elevation Capital Partners and senior bank debt. The founder of Les Burgers de Papa, Yves Hecker, exits the business. Both brands will maintain their distinct identities.

L’Orange Bleue has completed a management transition as CEO Jose Nercellas becomes President, supported by historical investor Axio Capital and founder Thierry Marquer. The fitness network, which operates 400 clubs, secured new bank debt and mezzanine financing to fund its next growth cycle. The strategy focuses on expanding the network to 500 clubs across France, Spain, and Portugal while leveraging improved profitability following a structural reorganization.

TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises completed their acquisition of Denny's Corporation. The all-cash transaction closed on January 16, 2026, following shareholder approval and regulatory clearances, with Denny's common stock ceasing Nasdaq trading. The consortium sought Denny's iconic brand, strong franchise base, and loyal customers as a platform for growth. TriArtisan's restaurant experience, Treville's capital solutions, and Yadav's operational scale align with accelerating Denny's and Keke's initiatives while supporting franchisees