SWIFTAIR GROUP acquired by ANTIN INFRASTRUCTURE

In a major market consolidation move, the logistics giant GEODIS has signed an agreement to acquire the Groupe Malherbe. This "Corporate" transaction marks the exit of financial investors (Siparex, etc.) and the end of Malherbe's independent LBO cycles. By integrating Malherbe, GEODIS significantly strengthens its French road transport network, creating a combined entity with EUR2 billion in revenue solely in this segment (Road Transport), capable of competing with European leaders.

Deal Description: The group has finalized a definitive agreement to acquire the target in a move designed to fundamentally transform its European network density. The strategic rationale for this transaction centers on a "market-unification" play, merging the target's industry-leading technical operational depth in the Czech leisure market with the group’s established global low-cost infrastructure. This structural alignment provides the organization with the scientific talent and logistical hardware (specifically an additional 47 aircraft) required to address the increasing demand for affordable cross-border travel in the CEE region

The Breton group Armor Navigation, a family-owned specialist in maritime excursions and passenger transport based in Perros-Guirec, has been acquired by the Parisian investment group Inner. The transaction, finalized in October 2025, covers all the group's entities: the operating companies Armor Navigation and Compagnie Corsaire (Saint-Malo), as well as the real estate assets held by SCI Armor Navigation.

Clareton, a refrigerated transport specialist in Occitanie, structures its first LBO ("OBO/LBO") to finance a strategic external growth operation. The group brings in Re-Sources Capital as a minority financial partner, with 3mEUR equity investment.

Antin Infrastructure Partners has acquired a majority stake in Swiftair, a leading European provider of outsourced express air freight services. This investment supports the group's new growth phase, focusing on fleet modernization and market consolidation. As a key partner for global logistics leaders, Swiftair will leverage Antin's expertise to expand its specialized network across critical sectors like e-commerce, pharmaceuticals, and food logistics.

Logtrans Services, a key player in container transport logistics in Southern France, completes its first LBO (Primary LBO). The founder invites the private equity firm MBO+ to take a majority stake in the capital. This partnership aims to structure the group and provide the financial firepower needed to accelerate external growth. The ambition is to consolidate the fragmented market of container road transport and expand the group's footprint beyond the Mediterranean region.

Transarc acquired 100% of Place Mobilite, marking a significant strategic step in its national expansion. The transaction was driven by the retirement of the historic owner-manager, ensuring the continuity of the family business founded in 1957. This deal exemplifies the ongoing consolidation in the French passenger transport sector.

SAF Aerogroup, part of the Oaktree and Bpifrance portfolio since 2017, is set to be acquired by Italy's Vesper Infrastructure and the UK's Infracapital. The group, with revenues of EUR110 million, is valued at nearly EUR300 million.

MSC acquired a 97.5% controlling stake in Clasquin through a public tender offer (OPA). The transaction includes the 42% stake held by founder Yves Revol and shares held by employees. By exceeding the 90% ownership threshold, MSC has initiated the squeeze-out process to delist Clasquin from the Paris stock exchange. The company will be integrated into MSC's service-engineering branch, Shipping Agencies Services (SAS), based in Luxembourg.

Channelfret International has finalized a Management Buy-Out (MBO) designed to structure the smooth leadership succession of its founder. This shareholder transition allows the company's key executive team to assume operational control and acquire a majority equity stake, ensuring strict corporate continuity. Specializing in international freight forwarding and cross-border logistics management, the entity leverages this leveraged buyout framework to preserve its operational model and safeguard its deeply entrenched B2B customer relationships