NGE acquired by MONTEFIORE INVESTMENT

Andera Partners has succeeded Latour Capital to back the next growth chapter of Groupe ERI, a premier leader in multi-technical building services within the Paris region. This secondary LBO transaction provides the company—which specializes in electrical engineering, HVAC systems, and comprehensive energy-efficient building renovations—with a new institutional sponsor to accelerate its corporate scaling. Andera Partners' investment thesis centers on partnering with the incumbent management team to capture secular tailwinds in real estate decarbonization and green infrastructure updates

Colas has successfully finalized the acquisition of 100% of the shares of the target entity from a Finnish family investment firm, following definitive regulatory approvals. This transaction marks a structural entry into the Northern European market, a region characterized by resilient public spending and high demand for specialized infrastructure maintenance. The strategic rationale centers on expanding the group's multidisciplinary footprint in areas with high barriers to entry due to environmental and technical complexity

VINCI has entered into an agreement to acquire the energy business of Spanish group ACS, consolidated under Cobra IS, as part of a strategic move to bolster its position in the energy and infrastructure sectors. The transaction encompasses virtually all of ACS Industrial Services' energy contracting activities, as well as a portfolio of concession projects in development or under construction, and a platform for developing renewable energy projects. The scope of the acquisition includes electrical network and energy infrastructure projects primarily located in Southern Europe and Latin America

Hivest Capital Partners has acquired a majority stake in Face Group in a primary LBO transaction, marking the start of the company's transmission from its founders. The deal followed a competitive process involving both financial and industrial bidders. The Torres family, who founded and led the company since 1979, has decided to reinvest alongside the private equity firm, as have several subsidiary managers who were already shareholders. The transaction is supported by bank financing provided by Bred and Société Générale, which includes a dedicated CAPEX line to fund future external growth opportunities

Groupe SYLPA has successfully completed a new LBO through a sponsorless transaction. This deal enables founding president Pascal Fournet-Fayard, CEO Olivier Godefroy, and a management team of six executives to significantly increase their equity stake in the business. The transaction facilitates the exit of Apax Partners Development (formerly EPF IV), which had backed the company since its 2015 MBO. The management team is supported by Andera Partners, which provided financing through its mezzanine fund, ActoMezz

Goldbeck has successfully finalized the acquisition of 100% of the share capital of GSE, marking a significant milestone in the creation of a premier European leader in turnkey commercial construction. This strategic transaction involves the full exit of the previous private equity sponsor, TowerBrook Capital Partners, which facilitated the organization's rapid international expansion over the past decade. The strategic rationale for the move centers on the high degree of geographic and technical complementarity between the two organizations

Nazca Capital has successfully finalized the acquisition of 100% of the share capital of Terratest, a global leader in specialized ground engineering. This strategic transaction represents a significant milestone in the acquirer's strategy to back industrial platforms with high internationalization potential and a presence in mission-critical infrastructure sectors. The strategic rationale for the move centers on the high degree of growth forecasted in the global infrastructure market, driven by demographic shifts and the modernization of transport, energy, and water networks

AF Gruppen has successfully finalized the acquisition of a 70% majority stake in HMB Holding AB, integrating the entity into its Swedish subsidiary, AF Gruppen Sverige AB. This strategic transaction represents a significant milestone in the group’s "Strategy 2020," aimed at aggressively expanding its industrial footprint in the Swedish market. A key feature of the deal is the retention of a 30% equity stake by the target’s employees, ensuring continued alignment of interests and management continuity

PAI Partners acquired a majority stake in Stella Group, facilitating the exit of ICG, which had backed the company since 2015. The management team reinvested significantly alongside PAI. The strategic rationale for this new investment cycle is to accelerate the Group's internationalization through a targeted 'buy-and-build' strategy, focusing on market consolidation in Germany, Southern Europe, and the Benelux region.

Stella Group acquired 100% of FLIP from its CEO and the investment firm Siparex. This acquisition was purely geographical, allowing StellaGroup to fill a gap in its national coverage by establishing a strong industrial base in Northern France. The deal brought the group's total headcount to 850 employees and pushed its pro-forma 2018 revenue above the EUR230M threshold.