PACCOR (COVERIS GLOBAL RIGID) acquired by LINDSAY GOLDBERG

The transaction involves the sale of 75% of Castello Italia's capital by Chemical Project Holding to Arcadia and the management team, marking the end of an eighteen-year ownership cycle during which the seller structured the manufacturer's entry into the automotive market, now accounting for half of its revenue. The seller retains a 25% minority stake alongside Arcadia and the management team, who reinvest 3%, thereby securing an alignment of industrial interests and managerial continuity under the leadership of Pierluigi Testa, who has been at the helm since 2014

Messer Group and CVC Fund VII have agreed to acquire the majority of Linde's gases business in North America together with selected activities in South America, forming a joint venture that will operate under the Messer brand. The assets, previously part of Linde AG, employ roughly 5,100 staff and include production plants, storage terminals, and on‑site gas generation units across the United States, Canada, Brazil, Argentina, and Chile. The agreement is contingent on regulatory clearance and the completion of the Praxair‑Linde merger, with approval required from competition authorities in the relevant jurisdictions

AptarGroup has finalized the 100% acquisition of Reboul S.A.S. from Vacheron Industries in an all-cash corporate transaction. The acquisition strengthens the buyer's structural capabilities within the high-growth color cosmetics vertical by integrating Reboul's highly specialized expertise in custom metal casing and engineered lipstick mechanisms. The investment thesis centers on consolidating market share in premium beauty packaging by absorbing a recognized player with innovative technologies

The acquisition of Fenner marks the transition of a publicly traded independent entity to a fully integrated industrial subsidiary within the Michelin group, enabling the target to alleviate financing constraints and accelerate expansion by leveraging Michelin's established distribution network in Latin America and Asia. This industrial consolidation is based on implementing a comprehensive multi-product offering, combining the acquirer's earthmover tires and the target's conveyor belts to provide mining operators with a complete handling solution covering all material transportation needs, amidst a cyclical upturn in the global mining sector

As part of one of the biggest LBO since 2008, a consortium formed by The Carlyle Group and GIC acquired 100% of AkzoNobel Specialty Chemicals in a landmark corporate carve-out transaction. The deal was structured via a competitive bidding process under a definitive share purchase agreement, outnegotiating rival private equity syndicates including Apollo Global Management, Bain Capital, Advent International, and Hal Investments. The transaction was financed via a high-leverage capital structure comprising institutional sponsor equity alongside €6

Alliance Etiquettes has finalized a transformative transaction by integrating Groupe Etienne, a significant competitor based in the Loire Valley. This deal represents a major milestone in the consolidation of the French label market. By combining Alliance Etiquettes' existing operations with Groupe Etienne's six production sites, the new entity becomes the undisputed French leader in wine labels. Under the terms of the agreement, Activa Capital remains the majority shareholder with 60% of the new entity, while the management teams of both Alliance Etiquettes and Groupe Etienne hold the remaining 40%

Bain Capital acquired a controlling majority stake in Fedrigoni S.p.A. The deal marks the end of a three-year search for a financial partner by the Fedrigoni family, who had previously withdrawn a planned IPO in 2014 and rejected offers from other investors (including Charme, Edizione, and Investindustrial) due to valuation disagreements. The founding family achieved their target price and will reinvest to retain a minority stake, ensuring continuity.

Private equity sponsor Cinven has entered into a definitive agreement to divest CeramTec, a leading German manufacturer of high-performance ceramics, to a bidding consortium led by BC Partners. The acquiring consortium also features significant equity participation from the Public Sector Pension Investment Board (PSP Investments) and the Ontario Teachers’ Pension Plan. The realization perfectly encapsulates the culmination of a highly successful holding period characterized by robust value creation and corporate transformation under Cinven's ownership

PPG fully acquires The Crown Group from private equity firms High Road Capital Partners and Charter Oak Equity to strengthen its service capabilities in the North American industrial coatings market. The primary rationale underpinning this acquisition is to significantly broaden the acquirer's downstream service offerings, allowing it to provide highly integrated, end-to-end coating solutions to major industrial and automotive manufacturers.

Multi-Color Corporation has successfully completed the acquisition of the Labels Division of Constantia Flexibles in a cash-and-stock transaction. This transformative deal combines two of the world's largest label manufacturers to create a global industry leader with a balanced and diversified portfolio. Under the agreement, Constantia Flexibles divests its labels business to focus exclusively on flexible packaging, using the cash proceeds to deleverage its balance sheet. In return, Constantia becomes the largest single shareholder of Multi-Color Corporation, retaining a 16