NATIONAL STORAGE AFFILIATES acquired by Public Storage

Brightstar Capital Partners has acquired Erdman to bolster its architecture and engineering platform, established in 2025 with KZF Design, and accelerate its growth in the healthcare and senior living sectors. This strategic acquisition enables Brightstar to integrate a renowned national player in the US, with licenses in over 45 states and a proven track record in designing hospitals, medical centers, and senior living facilities. The deal is underpinned by favorable demographic trends, including the expected doubling of the US population aged 80 and above over the next two decades, which is likely to drive sustained investment in healthcare and senior living infrastructure

Implenia has signed an agreement to acquire Zigmo Engineering, a German specialist in structural engineering and building design. This move is part of the group's strategy to bolster its high-value-added activities, particularly within its Service Solutions division, which encompasses engineering, consulting, and design services. Zigmo Engineering's expertise complements Implenia's existing offerings in structural engineering, BIM modeling, and digital design processes, areas that are experiencing growing demand in the building and infrastructure sectors

Groupe Spatio has been acquired by Sébastien Piffard, with the support of minority investors Océan Participations and Volney Développement (two investment vehicles of Crédit Mutuel, a leading French bank). The deal is structured as a BIMBO, with Piffard joining the company as the new leader and the historical management team remaining in place. The founders of Groupe Spatio are selling their majority stake in the company, but will retain a significant minority interest. The transaction is supported by a senior debt facility of approximately 5 million euros, provided by CIC and Crédit Agricole

Triton has announced the establishment of Formicon by consolidating four architecture and engineering firms. The goal is to create a German market leader capable of covering all service phases of construction projects (from "Phase Zero" to completion). The group will serve as a single point of contact for public and commercial clients.

Bridgepoint acquired the majority of Nexity's residential services division to form EVORIEL. The deal allows Nexity to deleverage and refocus on urban development, while EVORIEL benefits from Bridgepoint's expertise in consolidating fragmented service markets. A strategic partnership remains in place between Nexity and EVORIEL to ensure business continuity and cross-selling synergies.

The acquisition of Offentliga Hus i Norden AB by Samhällsbyggnadsbolaget i Norden AB marks a significant strategic move in the Nordic real estate market. The deal enables SBB to expand its portfolio and increase its presence in the region. The acquisition is expected to create synergies and opportunities for growth, as SBB can leverage its expertise and resources to enhance the value of Offentliga Hus i Norden AB's properties. The transaction is also expected to have a positive impact on the market, as it demonstrates the attractiveness of the Nordic real estate sector to investors

Ardian entered into an agreement to acquire a majority stake in Babeau Seguin from NiXEN Partners and a syndicate of minority investors including Pechel Industries, Siparex, and Bpifrance. The transaction was structured as a tertiary LBO, with the management team reinvesting to increase their equity stake. Financing for the acquisition was supported by a EUR70 million senior debt package split into Tranche A and Tranche B. The investment thesis focuses on transforming Babeau Seguin from a regional leader into a national powerhouse through a targeted buy-and-build strategy in a market where the top player holds only a 5% share