SAXDOR YACHTS acquired by MALIBU BOATS

A continuation fund managed by Equip Capital, with the backing of Goldman Sachs Alternatives as the lead investor, has acquired a majority stake in Ryde, a specialist in free-floating electric scooters. The transaction is accompanied by a capital injection aimed at financing the group's next phase of development across Europe. This deal enables Equip Capital, which has been the majority shareholder of Ryde since 2021, to provide a partial liquidity event for its investors while maintaining significant exposure to the company's future potential

American Pacific Group (APG) has acquired a majority stake in Dossier from the Paris-based evergreen investment platform Otium. The transaction marks a significant liquidity event for Otium, which incubated the brand in 2019 via its "Otium Studio." The deal structure includes a significant reinvestment from both Otium and the founding CEO, Sergio Tache, who will continue to lead the company. The strategic rationale for the acquisition is to accelerate Dossier’s international expansion, specifically targeting markets in Mexico and the UK (via Boots)

Siparex ETI has signed an agreement to acquire a majority stake in ATK Sports, succeeding Progressio SGR, which had been the majority shareholder since 2021. This transaction is a secondary LBO conducted alongside the founding Indulti family, led by CEO Davide Indulti, and supported by financial co-investors including BNP Paribas. The deal represents a significant milestone for Siparex’s Italian team, illustrating the group’s strategy to strengthen its pan-European footprint by supporting high-performing Italian industrial exporters

The transaction involves the acquisition of 100% of Vervent Audio Group by the Belgian industrial group Barco. This deal marks a significant strategic pivot for Barco, shifting from a pure visualization specialist to a fully integrated provider of premium audiovisual solutions. By integrating Focal and Naim into its Entertainment division, Barco aims to capture the growing market for "immersive experiences" in both professional settings (cinemas, auditoriums) and high-end residential environments (luxury home cinemas)

L’Oréal has finalized the cross-border acquisition of Kering Beauté from the luxury group Kering, executing an alliance initiated in October 2025. The transaction encompasses the outright acquisition of Maison Creed, a historic luxury fragrance house. Concurrently, the deal architecture secures exclusive 50-year commercial operating licenses for the creation, development, and global distribution of beauty and fragrance portfolios for both the Bottega Veneta and Balenciaga brands. The agreement also establishes structured forward-looking rights for a 50-year exclusive beauty licence covering the flagship Gucci brand, which will trigger automatically following the expiration of its legacy contract with Coty

Henkel has entered into a definitive agreement to acquire 100% of Olaplex Holdings, Inc. for a cash consideration of $2.06 per share. The deal has received unanimous approval from Olaplex’s Board of Directors and the irrevocable support of its controlling shareholder, Advent International. The strategic rationale for the acquisition is the integration of Olaplex’s patented "bond-building" technology and its strong professional-led distribution model into Henkel’s Consumer Brands infrastructure. This merger allows Henkel to fill a critical gap in its prestige portfolio, providing a springboard for accelerated innovation and molecular-level hair repair solutions

Quadrivio Group is in advanced negotiations to acquire a majority stake in Les Secrets de Loly. The Italian fund prevailed in a competitive auction process. The current minority investor, Quilvest Capital Partners (who entered in 2022), is expected to exit. Founder and CEO Kelly Massol will reinvest a significant portion of her proceeds and remain a key shareholder to drive the next phase of growth. The deal is expected to close in February 2026.

Highline Warren acquired the Sprayway brand from PLZ Corp in a transaction valuing the asset at approximately $300 million (based on reported deal rumors from late 2025). Both companies are portfolio companies of Pritzker Private Capital. The deal followed a strategic review led by Goldman Sachs where external bids were considered. Ultimately, the asset was moved to Highline Warren to leverage its massive automotive distribution network (auto parts stores, mechanics) where Sprayway's industrial and auto-detailing products have high growth potential

HSG acquired a majority controlling stake in Golden Goose from Permira in a transaction valuing the company at approximately EUR2.5 billion. This deal serves as a strategic alternative to the IPO that was withdrawn in 2024. The industrial logic is clear: bringing in HSG and Temasek provides Golden Goose with unparalleled access to the Chinese and Asian markets, which are critical for the brand's next phase of growth. Permira retains a minority stake to benefit from this future upside.

Coty has sold its remaining 25.8% stake in hair care brand Wella to KKR for $750 million, while retaining its rights to a portion of the proceeds from any future sale or initial public offering. This transaction marks the end of a program launched in 2020 to simplify Coty's portfolio and operations, and allows the company to reduce its debt and refocus on its fragrance segment. KKR's strategy is based on identifying companies with long-term growth potential, and creating value for shareholders through proactive management and expertise in value creation