METHAL acquired by ARCOLE & BENALU-LEGRAS

Mosaiq Group has acquired 100% of Redmark S.r.l., marking its first add-on acquisition since the platform's formation exited the business. The acquisition integrates Redmark's specific expertise in leather and sustainable branding materials into the broader Mosaiq portfolio. The deal was executed through Bulgarelli Production, one of Mosaiq's portfolio companies. The transaction strengthens Mosaiq's international presence via Redmark's Chinese and Turkish branches.

Holcim has finalized the 100% acquisition of Alkern from the private equity firm Chequers Capital. This transaction marks the final exit for Chequers, which had supported Alkern’s growth since 2016. The strategic rationale for Holcim is the immediate reinforcement of its "Construction Solutions" pillar in the French market, positioning it alongside its existing Lafarge and PRB operations. The deal received clearance from the French Competition Authority in late December 2025. Alkern will maintain its operational autonomy, brand identity, and current management team led by Xavier Janin. The merger is designed to capture €11 million in EBITDA synergies by the third year, primarily through commercial cross-selling and operational optimization with Holcim’s sister companies. Access to Holcim’s global R&D center in Lyon will further accelerate Alkern’s innovation in carbon-capture concrete and water management infrastructure. This acquisition also includes the joint control of specialized entities EVBME and Sofama Vermeulen, broadening Holcim’s reach into niche molding and materials markets.

Sacred Group has finalized a majority BIMBO, valuing the company at less than €30 million. The transaction sees industrial partner Stéphane Tortrat take a 60% stake, integrating his company Fenec into the new entity. Historical backers Bpifrance and BNP Paribas Développement remain in the capital, while former majority owner reduced his stake from 75% to 9%. The strategic rationale is to reduce Sacred’s exposure to the automotive sector by leveraging Fenec’s non-auto client base in aerospace, defense, and medical sectors. The merger creates a consolidated group with €75 million in revenue and a strong international presence (40% outside Europe). The deal was supported by senior bank debt provided by Bpifrance Financement, Crédit Agricole, and Société Générale.

Arsenal Capital Partners completed the acquisition of ThermoSafe from Sonoco Products Company. The deal represents a full‑control buy‑out of ThermoSafe, with the seller exiting the cold‑chain packaging segment and simplifying its portfolio around core metal and paper consumer and industrial packaging businesses. The temperature‑controlled packaging business is deeply embedded in the pharmaceutical and biologics value chain, serving high‑value, highly regulated shipments where product integrity and temperature control are critical. Arsenal positions the transaction as a strategic platform play within its middle‑market specialty‑industrial and healthcare vertical, aiming to leverage its prior experience in the packaging and industrial materials sectors to accelerate ThermoSafe’s growth through expanded geographic reach, product‑line innovation, and operational improvements. The firm also plans to support the existing management team led by CEO Russell Grissett, reinforcing continuity while professionalizing governance and commercial capabilities to capture further share in a global cold‑chain packaging market projected to grow at a double‑digit CAGR over the next decade.

Compagnie Chargeurs Invest entered into exclusive negotiations to sell a 75% controlling stake in Novacel to KPS Capital Partners, while retaining a 25% minority interest. The all-cash transaction is part of a broader portfolio rebalancing strategy for Chargeurs, allowing the group to reduce debt, strengthen equity, and focus resources on its "Museum Studio" and "Fashion" divisions. For Novacel, backing from KPS provides the capital necessary to pursue external growth and deeper expansion in Asia and LATAM. The deal was favored due to KPS's operational expertise and low-leverage model. Completion is expected in H1 2026.

Coim has completed the acquisition of Notedome Limited, a UK-based manufacturer specializing in cast polyurethane elastomers for high-stress industrial applications. The transaction marks the exit of the historical majority shareholder, India’s Manali Petrochemicals, and enables the Italian group to strengthen its position in the European specialty materials market. The integration of Notedome aligns with Coim’s strategy to consolidate its upstream and downstream operations within the polyurethane value chain. This acquisition allows Coim to complement its polyol and resin production with cast elastomer formulation capabilities, enhancing its control over transformation processes and its ability to serve higher-value industrial applications. The deal also paves the way for a broader international rollout of Notedome’s solutions through Coim’s commercial network, particularly in Continental Europe and Latin America, while retaining existing teams and technical expertise to ensure seamless customer relationships.

The transaction involves the acquisition of Sopano by FrenchFood Capital, supported by a pool of regional investors including BNP Développement, Caisse d’Epargne Normandie, Unexo, and Banque Populaire Nord. This secondary LBO marks the exit of NCI after a four-year holding period characterized by the group's successful diversification into the food sector. The deal is financed through an equity ticket of EUR 20–30 million and a unitranche debt facility provided by BNP Paribas AM, representing a leverage of approximately 3.0x EBITDA. The strategic rationale is to leverage the acquirer’s deep network in the food industry to accelerate Sopano's growth, with the ambition of doubling its turnover in the coming years. This objective will be pursued through both organic expansion and a proactive "buy-and-build" strategy in France and neighboring countries.

The acquisition of Assotech by Unigasket, an Italian group specializing in the production of tubes and joints for various industrial sectors, is the outcome of an external growth strategy implemented by the group in partnership with its majority shareholder, Palladio Holding. This transaction enables Unigasket to strengthen its market positioning in high-growth niches and expand its product portfolio. With revenues now exceeding €100 million, and an export share of around 60%, the group plans to continue its expansion as an aggregation platform through synergistic and targeted acquisitions focused on increasingly core materials in next-generation technologies. In parallel with this external growth, the group has implemented an investment plan to enhance its production capacity, improve efficiency, and broaden its offerings.

FSN Capital IV and other minority shareholders have signed a definitive agreement to sell 100% of the shares in Fibo to Norcros. The transaction marks the conclusion of a successful 10-year growth journey under FSN Capital IV, which originally acquired Fibo as a carve-out from Byggma ASA in 2015. During this ownership period, Fibo underwent a transformation from a local Norwegian player into a robust international entity with a diversified revenue mix and highly automated manufacturing capabilities. The strategic rationale for Norcros is to gain access to Fibo's market-leading waterproof wall panel technology, which complements its existing bathroom product suite. For Fibo, the acquisition provides access to greater resources and the ability to collaborate with a larger group to further serve global customers. The deal was advised by DNB Carnegie, Haavind, PWC, and Raymond James for the sell-side. Closing is anticipated in the second half of 2025, pending customary regulatory approvals.

Stirling Square Capital Partners has reached an agreement to sell 100% of Verescence to a consortium formed by Movendo Capital and Draycott. This transaction follows a competitive auction process managed by Rothschild & Co, which attracted interest from major international private equity firms (One Rock, Lone Star, ICG) and global industrial players (PGP Glass, Vitro, Heinz). The acquisition represents a strategic shift for Verescence toward long-term family-office ownership, moving away from traditional short-cycle private equity. The deal is structured with a bank debt package representing a leverage level of 3.0x to 3.5x EBITDA and includes an earn-out provision based on the company's future financial performance. The strategic rationale for the Portuguese consortium is to back a global leader in a high-barrier-to-entry industry that is essential to the luxury ecosystem. The new owners have committed to supporting Verescence’s significant CAPEX requirements and its ambitious decarbonization initiatives, ensuring the company remains the partner of choice for luxury brands seeking sustainable packaging solutions in a growing global market.