POLARIS LABORATORIES acquired by RIVERSPAN PARTNERS

Sagard MidCap acquired a majority stake in Venpa to accelerate its development. Between 2021 (entry of QCapital) and 2024, the group underwent a massive scale-up, growing its revenue from EUR40M to approx. EUR100M and its EBITDA from EUR14M to EUR40M (Expected 2024). This deal highlights the successful consolidation of the Italian rental market.

The acquisition of VITAL S.p.A. marks a strategic expansion for the group’s operations in Southern Europe, specifically establishing a premier platform within the Italian C-parts market. This transaction incorporates a highly reputable distributor with a well-diversified industrial client base across the rail, machinery, and electrical sectors. The rationale for the move centers on building a significant regional footprint and increasing the overall service level for existing international customers operating in Italy

The acquisition of Hartwell Environmental Corporation by DXP Enterprises is driven by a geographic expansion strategy, bolstering its presence in the Texas and Oklahoma markets through the integration of three new sites. This transaction, funded by equity, aims to consolidate DXP's position in the water and wastewater sector by enhancing its ability to meet client needs. DXP's acquisition strategy targets markets and corporate structures where it can add value, and the Hartwell acquisition aligns with this objective, enabling DXP to combine its technical offerings with Hartwell's expertise and local presence, resulting in an improved service portfolio for clients, with expanded coverage of five new markets and increased operational capabilities

IK Partners, through its IK Small Cap III Fund, has signed an agreement to invest in Sansidor alongside existing shareholders HC Partners, the original founders, and the management team. This transaction marks a new phase of growth for the Group, which was originally created in 2018 through a series of acquisitions. The strategic rationale for the investment is to accelerate the Group’s active buy,and,build strategy within the highly fragmented European testing, inspection, and services market. Under the new ownership structure, the Group plans to further develop its internal M&A engine to drive market consolidation and increase cross,selling across its network of companies

Astorg has established a dedicated continuation vehicle to acquire absolute majority control of Normec from its previous fund, marking a major secondary leveraged buyout. Following a highly competitive process managed by premier investment banks, Astorg successfully secured exclusivity to lead this new phase alongside a syndicate of major global secondary investors—including CVC, Pantheon, Lexington, and Eurazeo—and the deeply reinvested management team led by Joep Bruins. To adequately capitalize this massive operation, the deal structure incorporates a substantial senior debt package (565M€ Term Loan B) syndicated by a consortium of global banking institutions, providing the optimal leverage required to support Normec's ongoing aggressive expansion strategy into North American markets

Alliance Automotive Group Benelux (AAGB) announced the acquisition of Eldis, a Belgian wholesale distributor specializing in mechanical and body-shop components for the automotive aftermarket. Founded in 1974 and headquartered in Ypres, the company serves a broad network of independent repair workshops and body shops throughout the Westhoek region. The transaction forms part of AAGB's acquisition strategy to strengthen its presence in Belgium and continue consolidating its operations across the Benelux region

The global safety science leader has successfully finalized the acquisition of a specialized German hydrogen testing leader, marking a definitive step in the group's decarbonization and alternative fuels strategy. This strategic transaction represents a significant enhancement of the organization’s technical operational depth in the high-growth hydrogen economy, specifically targeting the automotive and industrial energy sectors. The strategic rationale for the move centers on the acquirer's objective to provide integrated, end-to-end safety validation for hydrogen storage systems and refueling infrastructure

Admiral Acquisition Limited has entered into a definitive agreement to acquire Acuren from American Securities. This transaction marks the inaugural acquisition for the acquirer, effectively serving as its qualifying business combination to transition into an operating company. The deal allows the target to exit a successful period of private equity ownership and enter the public markets with a robust balance sheet and a focus on North American market leadership. The acquisition is strategically timed to capitalize on the increasing demand for asset integrity services driven by aging industrial infrastructure and tightening safety regulations across the United States and Canada

Latour and Fimalac acquire 58% of the capital of the urban and rail transport engineering specialist, with a valuation of EUR860 million (at 100%) . RATP and SNCF will retain 40% of the capital.

SOCOTEC, a leading global provider of Testing, Inspection, Certification, and Compliance (TICC) services for the building and infrastructure sectors, has announced a significant expansion of its shareholder base. Bpifrance and Mubadala Investment Company have taken minority stakes in the group to support its new strategic cycle, "Ambitions 2028." They join historical shareholders COBEPA, which remains the majority owner, and CD&R, an investor since 2019.