XELLENT acquired by ASC INVESTMENT

Origine Partners, alongside Bpifrance, completed a management buy-in (MBI) of LJ Trucks to support the company's ownership transition to a new management team led by Laurent Ducoin and Umberto Najar. The transaction marks the company's first opening of its share capital to financial investors, while the founders remain shareholders to ensure a smooth ownership and management transition. The acquisition was financed through a combination of equity and senior debt provided by a banking syndicate led by CIC, with LCL and Caisse d'Épargne participating in the financing

The transaction involves the divestment of Walor Precision Turning, a business unit of Walor International, which is owned by the private equity firm Mutares, as part of a strategic refocusing on its core business of producing forged parts for the automotive industry. This deal represents an industrial carve-out, aimed at isolating a non-core activity to optimize the seller's portfolio structure. The buyer, Reed Capital, a specialized investment vehicle focused on deal-by-deal transactions and industrial carve-outs, has made a binding offer to acquire the entire division

The strategic acquisition of the Sports Car Center Airport Helsinki service business marks a significant milestone in the group’s "Ohittamaton" strategy, designed to double its used car sales volume and establish a dominant technical footprint in the Finnish capital. The strategic rationale for the transaction centers on the acquisition of high-value technical infrastructure and a specialized workforce without the requirement to absorb existing used-car inventory. This allows the organization to deploy its own proprietary used-car concept in a premium, high-traffic location while immediately benefiting from a profitable, brand-familiar maintenance operation

The transaction involves the divestiture of FORVIA's Interiors division to Apollo, structured as a strategic carve-out designed to sharpen the parent company's focus on high-value, tech-driven business segments. This operation is a centerpiece of the seller's broader strategic roadmap, aimed at optimizing its capital structure and significantly improving its balance sheet resilience. The deal allows the Interiors division to operate as a standalone entity, providing it with the necessary autonomy and governance to pursue aggressive innovation in cockpit design, premium materials, and next-generation cabin technologies

The transaction involves the 100% acquisition of Feu Vert, through its holding company Financière Ramsès, by the listed family holding Bassac from the private equity firm Alpha Private Equity. This deal marks the exit of Alpha Private Equity after a ten-year holding period, during which the investor streamlined the company's perimeter by divesting non-core assets such as Mondial Pare-Brise and Impex. For Bassac, this acquisition represents a significant strategic pivot toward diversification outside of its core real estate development business

Arkea Capital, the Credit Agricole Group, and Epopee Gestion acquired a combined majority stake (over 50%) in The Reefer Group from Amundi PEF. A pool of eleven other minority financial investors retains approximately 30% of the capital. The transaction also includes a significant reinvestment by the management team which now includes 63 managers holding around 19% of the shares. The deal was supported by a senior debt package with a leverage between 3.0x and 3.5x EBITDA. The strategic rationale is to double the group's size within the next five years, primarily through an aggressive international external growth strategy, building on the recent acquisition of Paneltex and the group's leadership in the customized refrigerated transport market

Following a competitive auction process managed by Société Générale, Montyon Capital emerged as the sole winner to acquire over 80% of Caillau’s shares. The transaction marks the beginning of a new strategic cycle for the group under the leadership of President Stéphane Drivon. The deal was financed through a combination of equity—with a ticket estimated between €20 million and €50 million—and a new senior debt package. The primary objective of this quaternary LBO is to provide Caillau with the stability and capital necessary to accelerate its industrial pivot

Global Technologies has officially completed the 100% acquisition of Novares from its previous shareholders, including Equistone Partners Europe (76.84%) and Bpifrance (14.36%). The transaction, approved by the European Commission in March 2025, marks the transition of the French group into the fold of the American First Brands group. This acquisition follows a decade of ownership by Equistone, during which Novares underwent a transformation into a global leader with over €1 billion in revenue. The strategic rationale for First Brands involves integrating Novares' specialized plastic manufacturing capabilities into its broad portfolio of automotive components

JOST Werke SE has signed a definitive sale and purchase agreement to acquire 100% of the share capital of Hyva from Unitas Capital Pte. Ltd. and NWS Holdings Limited. This transformative acquisition aligns with JOST's strategy to become the premier supplier for both on-highway and off-highway commercial vehicles worldwide. By integrating Hyva, JOST significantly expands its product portfolio with smart hydraulic solutions and strengthens its foothold in high-growth infrastructure markets such as India, Asia, and Brazil

Global Auto Holdings Limited has completed the acquisition of K.W. Bruun’s import and digital businesses, specifically encompassing K.W. Bruun Import A/S and K.W. Bruun NxT A/S. The transaction, which includes the acquisition financing architecture, transfers a platform from the Danish automotive group into the buyer's global network. This acquisition expands the purchasing group's international portfolio, which operates 164 franchise dealerships across the United States, Canada, the United Kingdom, and Ireland, representing more than 40 car brands