TOURNAIRE acquired by MOTION EQUITY PARTNERS

Holcim has successfully entered into a definitive agreement to acquire 100% of Duro-Last, a move that establishes the group as a dominant force in the North American commercial roofing market. This strategic transaction marks a significant acceleration of the group’s "Strategy 2025," aimed at expanding its Solutions & Products division to represent 30% of total group sales. The strategic rationale centers on the integration of a highly profitable, high-growth platform that complements the group’s existing building envelope portfolio through proprietary thermoplastic technology and custom-made roofing solutions

This transaction represents the transition of Mearthane Products Corporation from a family-founded mid-market business into a well-capitalized institutional platform, marking the fourth corporate investment executed via Compass Group Fund II. The transaction is designed to inject the growth capital and strategic corporate development resources necessary to transform a localized polymer specialist into a scaled, multi-technology consolidator of the highly fragmented advanced materials and thermoset polyurethane sectors

This bilateral transaction represents the 100% equity buyout of Esbelt by NetCo Group through the Richemon Group International holding structure, fulfilling Ardian's investment thesis of capturing margin expansion via cross-border upstream vertical integration. The acquisition achieves the complete exit of the founding Trius Traserra family (via the Intriu holding) and Italian financial co-investor Lariat, while establishing management continuity by retaining Chief Executive Fede Segura to preserve the target's engineering expertise and local market relationships

Turpaz Industries, acting through its wholly owned subsidiary Turpaz USA, has executed a definitive agreement to acquire an 81% majority stake in Klabin Fragrances. The deal structure incorporates performance-based adjustments for the 2022 fiscal year and includes a put/call option mechanism for the remaining 19% equity interest, exercisable for a one-year period beginning January 1, 2026. The acquisition is financed through a combination of independent corporate resources and external bank financing

The acquisition of a majority stake in Clayens Group by One Equity Partners marks the exit of the previous majority shareholder, Siparex, which alongside existing co-investors and the incumbent management team led by CEO Eric Pisani, will reinvest as minority partners to maintain corporate continuity. Under Siparex’s stewardship since 2019, the group scaled its operations from €273 million to over €350 million in trailing twelve-month revenue, primarily driven by the execution of four strategic add-on acquisitions that expanded its geographic and technological footprint

The executive team of Safic-Alcan successfully organized a new Management Buyout (MBO) to reorganize its capital and reinforce management control. The transaction values the group above €1.0 billion, a significant milestone following a period of record growth. The deal marks a leadership transition, with Yann Lissillour succeeding Martial Lecat as CEO. A key feature of this transaction is the expansion of the employee shareholder base, with the goal of having over 500 employees holding equity. The financial sponsors provided a mix of equity and bond financing (obligations) to allow the management team to "re-lever" and strengthen their majority position

This primary recapitalization transaction formalizes the partnership between LFM Capital and Novex, representing the second platform acquisition out of LFM’s third fund and marking the transition of the business from a family-run enterprise into an institutionalized manufacturing platform. The deal structure features an extensive equity rollover by founder and Chief Executive Officer Chuck Lynn alongside his family, preserving complete executive alignment, safeguarding proprietary product-formulation intellectual property, and ensuring stable customer relationship continuity across the wholesale network

This public-to-private merger transaction represents the complete delisting of Trecora Resources from the New York Stock Exchange via a cash tender offer executed by Balmoral Funds, concluding an intensive seven-month formal strategic review process that involved outreach to 72 financial and strategic counterparties. The transaction was catalyzed by public market underperformance and constructive friction with major activist shareholders, including Bradley L. Radoff, prompting the board to implement a limited-duration shareholder rights plan to stabilize the competitive bidding environment and maximize common equity cash returns

The Carlyle Group has announced its intention to acquire Altadia Group, the world's largest manufacturer of intermediate products for the production of ceramic tiles. This strategic acquisition will enable Carlyle to strengthen its presence in the materials sector and capitalize on the growth of the ceramic market. The acquisition of Altadia Group is the result of a sale process led by Lone Star Funds, which had acquired the group in 2017. Carlyle plans to finance the acquisition through a senior secured term loan and a senior secured revolving credit facility

The transaction involves the sale of Castello Italia's entire share capital to the ARaymond Group, marking the first divestment by investment fund Arcadia Small Cap II after a three-year holding period characterized by the institutionalization of the target company. Arcadia had acquired 75% of the shares in August 2018 from Chemical Project Holding, which retained 25% to support the industrial development plan. Under this governance, the company achieved significant dimensional growth, increasing its workforce by 70% and raising its revenue to over 30 million euros, accompanied by a doubling of its operational profitability