RIWAL acquired by BOELS RENTAL

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.

Equistone Partners Europe sold its majority stake in Acces Industrie to the Delmas family group. This transaction supports the management team, led by Eric Lacombe and Pascal Meynard, in their long-term growth strategy. Since 2020, Equistone has helped the group grow from EUR91M to EUR140M in revenue, notably through international expansion (Spain).

The acquisition of ROBUR Industry Service Group marks a transformative expansion for the group’s operations in the German market, the largest industrial services landscape in Europe. This strategic move allows the organization to establish a dominant position in the German industrial services sector, a segment where it previously maintained a limited presence. The rationale focuses on enriching the existing service portfolio with advanced capabilities in automation, robotics, and electrification, directly addressing the growing demand for industrial decarbonization. Furthermore, the transaction provides an entry point into the high-growth wind energy maintenance market, reinforcing the group's standing as a key enabler of the energy transition.

ALS Limited has finalized the acquisition of York Analytical Laboratories, Inc., a maneuver designed to fundamentally accelerate the group’s expansion into the high-growth Northeast United States environmental testing market. The strategic rationale for this transaction centers on a "regional-scale" play, merging the target's technical leadership in emerging contaminants with the group’s extensive global infrastructure and institutional capital. This fusion effectively creates a specialized powerhouse in the US Northeast, providing the organization with the scientific talent and analytical equipment required to address the increasing complexity of PFAS contamination issues and major infrastructure programs.

Andera Acto has reunited with Groupe ADF to lead a strategic recapitalization, marking the exit of the incumbent minority investor, Abénex. This transaction structurally constitutes a minority leveraged buyout, allowing ADF to reorganize its cap table while ensuring its executive management retains absolute majority control. To finance this next expansion phase, ADF welcomes back Andera Acto as the lead investor providing a bespoke, heavily bond-based financial package (50M€ ticket). The consortium, which includes Fonds France Nucléaire and Société Générale Capital Partenaires, holds a combined 20% stake in the company. The overall capitalization is robustly completed by a comprehensive senior debt package (approx. 3x EBITDA) syndicated across multiple tranches, strictly engineered to aggressively fuel ADF's ambitious cross-border acquisition pipeline in North America and Central Europe.

Vulcain Ingenierie, a leading engineering consultancy specialized in the energy transition and life sciences, has launched a new growth cycle following a major LBO. A top-tier consortium led by Ardian, in partnership with Tikehau Capital and EMZ, has acquired the group from Equistone Partners Europe and Sagard. This transaction is further supported by Bpifrance, Amundi, and the Fonds France Nucléaire (managed by Siparex).

Logistics giant GCA (Groupe Charles Andre) has acquired a majority stake in Groupe Autaa. This transaction allows GCA to further diversify by integrating strong expertise in lifting and heavy handling, while Groupe Autaa gains the backing of a powerful industrial player to accelerate its development and benefit from GCA's European network.

The global safety science leader has successfully finalized the acquisition of a specialized Spanish testing and certification body, marking a strategic expansion of its renewable energy capabilities in Europe. This transaction represents a definitive move to deepen technical operational depth in grid code compliance and grid simulation services, specifically targeting the high-growth sectors of inverter-based resources and electric vehicle adoption. The strategic rationale for the move centers on the acquirer's objective to support global energy transition goals by providing enhanced simulation and certification infrastructure for sustainable energy systems.

Evolver Fund I has successfully completed the sale of its majority interest in Inprocon AB to VINCI Energies, marking a significant exit for the Finnish private equity firm. Since the initial partnership, Inprocon has undergone a substantial transformation, evolving into a leading Swedish fire protection solutions provider through a proactive buy-and-build strategy. The strategic rationale for VINCI Energies lies in the significant strengthening of its Fire Protection Solutions Group within the Building Solutions Network. By integrating Inprocon’s specialized capabilities in sprinkler systems and fire tech engineering, VINCI Energies enhances its regional footprint across the Swedish market and expands its portfolio of multi-technical services. The transaction enables Inprocon to leverage the acquirer’s global resources and financial backing to enter its next phase of growth. This acquisition aligns with the broader industrial trend of consolidating mission-critical technical building services under global engineering platforms to better serve large-scale infrastructure and industrial clients.

SER Capital Partners acquired 100% of the outstanding shares of Charah Solutions, transitioning the company from a public listing to private ownership. The strategic rationale for the acquisition lies in aligning Charah’s essential environmental remediation services with SER’s specialized focus on sustainable industrial infrastructure. By taking the company private, SER aims to provide the necessary long-term capital and operational flexibility to execute complex, multi-year remediation projects for utility customers without the volatility of public markets. The transaction allows Charah to leverage SER’s deep expertise in renewable energy and environmental regulation to expand its footprint in the ash pond closure and site redevelopment sectors. This partnership is designed to strengthen Charah's position as a preferred sustainability partner for utilities facing increasing regulatory pressure to decommission legacy coal infrastructure and restore industrial sites for future green energy use.