OCEA GROUP acquired by EQT PARTNERS

BNP Paribas Développement and Bpifrance entered the capital of Henco to support its transition into a new phase of institutional growth. In this operation, the minority investors provided a combination of equity and quasi-equity to strengthen the group's capital structure and facilitate a major external growth project. The leadership team that took over the company in 2017 remains the majority shareholder, ensuring continuity in management and strategic execution. The primary rationale for this deal was to provide the necessary firepower for Henco to execute a significant buy-and-build strategy, specifically enabling the simultaneous acquisition of a larger competitor to triple the group's overall size (Groupe G3)

Fauché has completed a new management buy-out (MBO) transaction in partnership with its long-standing partner EMZ Partners. This deal comes nearly three years after a previous capital restructuring and aims to support the group's continued growth while strengthening employee ownership. The distinctive feature of this transaction is the expansion of the employee shareholder base, with over 30% of employees now holding shares in the company. Following the transaction, employees collectively retain more than 80% of the capital, reflecting the group's commitment to preserving an entrepreneurial model that ties team performance to company performance

The acquisition of the R+S Group by VINCI Energies is expected to strengthen VINCI Energies' offering in building solutions, expanding its range of electrical and multi-technical solutions for buildings, and increasing its presence in the German market. The R+S Group's expertise in energy and control technology, mechanical HVAC, project development, engineering, and IT services will complement VINCI Energies' existing capabilities, enabling the company to provide more comprehensive solutions to its customers

Vauban Infrastructure Partners has acquired the remaining 38.7 % stake in Proxiserve, bringing its ownership to 99.7 % and making it the sole reference shareholder. The transaction follows a 2019 co‑control arrangement in which Vauban and Asterion Industrial Partners jointly purchased Proxiserve. Since that initial investment, Proxiserve expanded its smart‑meter inventory and launched electric‑vehicle charging solutions, while maintaining steady growth through the pandemic period. Asterion’s Fund I exit marks the first full divestment from that vehicle

Aquirian Limited has entered into a binding agreement to acquire the business and assets of Cybem Mechanical Services for an enterprise value of A$3 million. The acquisition is a key step in Aquirian’s strategy to position itself as a leading provider of equipment and technical services. The transaction was fully debt-funded through a new facility with National Australia Bank (NAB). The strategic rationale for the deal includes enhancing Aquirian’s maintenance capacity to support its rental fleet and introducing fully maintained equipment offerings in Western Australia

Ambienta has acquired a majority stake (~60%) in Groupe Cap Vert, taking over control from the family office Evolem. This transaction was executed off-market following a pre-emptive approach by Ambienta, interrupting Evolem's ownership after only 18 months. During this short holding period, the group successfully completed nine build-up acquisitions, significantly expanding its geographical footprint into the South-West and Loire Valley regions of France. Ambienta intends to support the management's continued consolidation strategy to create a national champion in urban green space management

Cobepa acquired a majority stake in Groupe Climater from Sagard. The deal marks the start of a new growth cycle focused on geographical expansion and energy transition services. The management team and historical founders retained a significant minority stake to maintain the group's entrepreneurial culture.

Ardian, through its Expansion team, has successfully finalized the acquisition of a majority stake in NetCo Group, succeeding IK Investment Partners and Andera Partners. This strategic transaction marks a new phase of international growth for the century-old family business, which remains under the operational leadership of the founding family’s fourth generation. The strategic rationale for the move centers on the accelerating trend of outsourcing industrial maintenance services across Europe and the significant opportunity for consolidation in a fragmented material handling market

Prenax acquired LM Information's subscription management activities and its US subsidiary LM Inc. in a transaction executed simultaneously with LBO France's majority investment in Prenax. The acquisition is transformative in nature, combining two highly complementary businesses — Prenax's strong corporate client base and Western European footprint with LM Information's deep academic and public sector expertise and presence across Northern and Central Europe — to create the independent European leader in information subscription procurement

LBO France acquired a majority stake in Prenax concomitantly with Prenax's acquisition of LM Information's subscription management activities and its US subsidiary LM Inc. The combined entity — with a total business volume of approximately €250 million — becomes the independent European leader in information subscription procurement, serving large corporates, public institutions, and academic clients across France, the United States, the United Kingdom, Australia, and the Nordic countries. Andera Partners reinvested alongside LBO France through its ActoMezz III fund, having been a minority shareholder for three years prior