XELIANS acquired by ANDERA PARTNERS

Halma plc has acquired the entire share capital of Safetec S.r.l. from the founding Stumpo and Modoni families. The transaction involves a full cash consideration. Safetec will continue to operate as a standalone company within Halma's Safety sector, retaining its current management team led by CEO Marco Stumpo. This acquisition enhances Halma's capabilities in fire and gas detection for complex industrial environments and expands its geographical footprint in the Middle East and Africa energy sectors. The deal provides a full exit for the founding families while ensuring operational continuity for the business.

Capza has successfully emerged as the winner of a highly competitive auction process for Myrium, orchestrated by Edmond de Rothschild Corporate Finance. The transaction marks the company's fifth LBO and the first time a private equity fund has taken a majority stake. Capza prevailed in the final round against bidders including Adagia, Eurazeo, and Towerbrook. To adequately capitalize this new cycle, a senior bank debt package was structured at 4x EBITDA. The remaining capital is shared between the management, the Rougnon family, and an employee stock ownership fund (FCPE), with Amundi PEF expected to join as a minority syndicate partner.

BNP Paribas Developpement took a minority stake in AGP to support its long-term growth and digital acceleration. The deal facilitated the exit of historical shareholders, including A Plus Finance. Simultaneously, AGP executed its first strategic build-up with the acquisition of E-proc Factory (a specialist in communication procurement with EUR11.8M in business volume). The operation aims to strengthen AGP's digital roadmap and fuel European expansion.

Turenne Capital and Euro Capital acquired a majority stake in M-ENERGIES from its historical shareholders, including the founder's family and previous financial backers. The deal is structured to provide the group with the financial resources to accelerate its "Buy-and-Build" strategy in a fragmented market. The management team reinvested significantly in the operation to remain aligned with the new sponsors.

H.I.G. Capital has acquired Rentokil Initial’s Workwear business in France. The strategic rationale for the divestment is to streamline Rentokil Initial's portfolio, allowing the group to focus exclusively on its core market-leading Pest Control and Hygiene & Wellbeing segments. For H.I.G. Capital, the acquisition represents a strategic entry into the French textile services market, providing a high-quality platform with recurring revenues and mission-critical services. The deal was supported by bespoke financing from CVC Credit. This carve-out significantly improves Rentokil’s capital efficiency by reducing annual CapEx requirements and is expected to boost the group's free cash conversion margin by approximately 100 basis points.

LBO France and Andera Partners entered into exclusive negotiations for the sale of their combined stake in Prenax Group to Triton. LBO France had acquired its majority stake in October 2020 alongside Andera Acto and the management team, specifically to finance the acquisition of LM Information, which created the European market leader in outsourced subscription management. Over the five-year holding period, LBO France supported Prenax through a major transformation encompassing three bolt-on acquisitions, a management transition, and the launch of a new technology-driven service offering. The transaction is subject to antitrust clearance from the relevant competition authorities.

ICG acquired a majority stake in Groupe Climater, facilitating the exit of previous financial sponsors (including Credit Agricole Regions Investissement and others). The deal was structured to support the group's "LBO 4" phase, focusing on accelerating national coverage and expanding service offerings in energy renovation. The management team, which has led the group through several successful LBO cycles, remains significantly invested.

BNP Paribas Développement and Bpifrance entered the capital of Henco to support its transition into a new phase of institutional growth. In this operation, the minority investors provided a combination of equity and quasi-equity to strengthen the group's capital structure and facilitate a major external growth project. The leadership team that took over the company in 2017 remains the majority shareholder, ensuring continuity in management and strategic execution. The primary rationale for this deal was to provide the necessary firepower for Henco to execute a significant buy-and-build strategy, specifically enabling the simultaneous acquisition of a larger competitor to triple the group's overall size (Groupe G3).

The Fauch� Group, France's leading independent provider of energy services and solutions, has completed a new Management Buy-Out (MBO). This transaction, finalized in June 2024, marks a renewed partnership with EMZ Partners, which first supported the management in taking control of the group in 2021. Historical financial partners GSO Capital, Multicroissance, and NMP D�veloppement (investors since 2011) also reinvested.

EQT, through its Active Core Infrastructure fund, has entered into exclusive negotiations to acquire Ocea Group from ICG Infrastructure Equity I. Based in France, Ocea is a leading provider of smart water and heat submetering infrastructure, operating more than four million devices. The company serves over 7,000 public and private clients through long-term, inflation-linked contracts typically exceeding 10 years.