Newsletter - Arx Corporate Finance

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Every week, Arx Coprorate Finance offers you our newsletter on the activity (deals and news) of investment funds in the main European countries.

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Focus Add-ons week 45-20

Focus Add-ons week 43-20

Focus Add-ons week 42-20

Focus Add-ons week 41-20

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Focus Add-ons week 45-20

INTERMEDIATE CAPITAL GROUP (ICG)

Add-on: Biogroup Acquires Medical Biology Company CMA-Medina

Backed by Intermediate Capital Group (ICG), EMZ Partners and Andera Partners, Biogroup (€930 million of revenue in 2019, Grand Est / FRA), a network of laboratories that provide diagnostic and analytical services for patients and physicians, acquires the activities of CMA-Medina (Flemish Region / BEL), a provider of innovative diagnostic solutions for prescribing physicians and healthcare providers. EMZ Partners renewed its support to Biogroup by investing for the fifth time since 2015. Thanks to this acquisition, Biogroup will expand its activities in Europe with the support of its founders, existing investors and financial partners
(EMZ Partners, press release)
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EMZ PARTNERS (EX EUROMEZZANINE)

Add-on: Biogroup Acquires Medical Biology Company CMA-Medina

ANDERA PARTNERS (EX EDRIP)

Add-on: Biogroup Acquires Medical Biology Company CMA-Medina

VR EQUITYPARTNER

Add-on: Publishing Industry Digital Media Supplier Bookwire Acquires Readbox Publishing

Backed by VR Equitypartner, Bookwire (Hesse / DEU), a company that develops software used for the delivery of media in audio and digital form, acquires Readbox Publishing (North Rhine-Westphalia / DEU), a company that offers services in the field of design, production, distribution and marketing of digital products for publishers. This transaction is part of Bookwire’s buy and build strategy
(Bookwire, press release)
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AUGUST EQUITY

Add-on: Technology Company Air IT Partners with Two Managed Services Providers Netstar and Microtrading

Backed by August Equity, Air IT (£4 million of revenue in 2017, East Midlands / ENG), a provider of IT consulting services, management and delivery of IT projects, cybersecurity and digital transformation, joins forces with two managed service providers Netstar (London / ENG) and Microtrading (West Midlands / ENG). The synergy of the three companies combined will allow them to provide additional products and better serve their customers
(Air IT, press release)
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EURAZEO

Add-on: Contentsquare Acquires Web Performance Monitoring Company Dareboost

Backed by Eurazeo, Idinvest Partners, KKR and Highland Europe, Contentsquare (€6 million of revenue in 2016, Île-de-France / FRA), a company specialized in the publishing of Saas solutions dedicated to optimizing the experience in line of users and content, acquires Dareboost (Bretagne / FRA), a company that provides web performance services. Following this transaction, Contentsquare will add Dareboost to its Find & Fix product to resolve revenue-killing errors
(Contentsquare, press release)
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IDINVEST PARTNERS

Add-on: Contentsquare Acquires Web Performance Monitoring Company Dareboost

KKR

Add-on: Contentsquare Acquires Web Performance Monitoring Company Dareboost

SYNOVA CAPITAL

Add-on: Financial Advisory Firm Fairstone Takes over Andrew Cohen Associates

Backed by Synova Capital, Fairstone (£63.7 million of revenue in 2019, North East / ENG), a company that offers financial advice via an online platform for professionals and individuals, acquires Andrew Cohen Associates (East / ENG ), a provider of advisory and management services for retirement and investment portfolios. This takeover will allow Fairstone to acquire 850 additional customers
(Fairstone, press release)
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BPIFRANCE INVESTISSEMENT CAP DEV

Add-on: LPCR Buys Private Nursery School Network Les Petites Merveilles

Backed by Bpifrance Investissement Mid & Large Cap and Eurazeo, Les Petits Chaperons Rouges (€227 million of revenue in 2019, Île-de-France / FRA), a specialist in the management of private day-nurseries in France, acquires Les Petites Merveilles (Île-de-France / FRA), a group of six micro-nurseries. This acquisition is in line with Les Petits Chaperons Rouges’ growth strategy and allows it to expand its territorial coverage
(Grandir, press release)
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EURAZEO

Add-on: LPCR Buys Private Nursery School Network Les Petites Merveilles

EMK CAPITAL (EX BREGAL CAPITAL)

Add-on: Recycling Specialist Reconomy Acquires its Counterpart Noventiz

Backed by EMK Capital, Reconomy (£146 million of revenue in 2018, West Midlands / ENG), a company specialized in the management and recycling of all kinds of waste, acquires Noventiz (€39 million of revenue in 2019, North Rhine-Westphalia / DEU), a company also specialized in waste recycling, transport and disposal services. This transaction is the first foreign acquisition carried out by Reconomy, and leads to the exit of Seafort Advisors from Noventiz
(Reconomy, press release)
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VESPA CAPITAL FRANCE

Add-on: Curve Digital Acquires Video Games Developer IronOak Games

Curve Digital (London / ENG), a video game publishing specialist and subsidiary of Catalis Group (£39 million of revenue in 2019, London / ENG), a specialist in the publishing of digital solutions notably for the film industry, acquires IronOak Games (British Columbia / CAN), a video game publisher. As a reminder, Catalis Group is backed by Vespa Capital France, Vespa Capital and NorthEdge Capital. The transaction is part of the acquisition strategy of Curve Digital
(Vespa Capital, press release)
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VESPA CAPITAL

Add-on: Curve Digital Acquires Video Games Developer IronOak Games

NORTHEDGE CAPITAL

Add-on: Curve Digital Acquires Video Games Developer IronOak Games

NEXT WAVE PARTNERS

Add-on: Postal Logistics and Mail Management Specialist The Delivery Group Joins Forces with Parcel Monkey Group

Backed by Next Wave Partners, The Delivery Group (£325 million of revenue in 2018, North West / ENG), a company specialized in postal logistics and mail management, joins forces with Parcel Monkey Group (South East / ENG ), a company that develops a cross-border shipping services platform. Following this transaction, a new e-commerce delivery solution to simplify the international shipping process for online retailers, Etrak, is launched
(Next Wave Partners, press release)
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WATERLAND PRIVATE EQUITY

Add-on: Consulting Firm Intracto Takes over Booming

Backed by Waterland Private Equity, Intracto (€30 million of revenue in 2017, Flemish Region / BEL), a digital consulting firm specialized in strategic management, acquires Booming (North Holland / NLD), a digital marketing agency. Intracto aims to position itself as a major player in digital services on the Dutch market
(Intracto, press release)
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CAPITAL EXPORT

Add-on: SFP Group Acquires Communications Agency Global Media Santé

Backed by Capital Export, Groupe SFP (SantéFormaPro) (Provence-Alpes-Côte d’Azur / FRA), a company specialised in the design and marketing of online training courses dedicated to healthcare professionals, acquires Global Media Santé (GMSanté) (€2 million of revenue in 2019, Île-de-France / FRA), a communication agency specialising in the publishing of magazines and websites for healthcare professionals. The deal sees the exit of EPF (Apax Development), a minority shareholder in Global Média Santé since 2008
(press)
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AUGENS CAPITAL

Add-on: HOFI Takes over Event Management Services Provider Specialist Concordia

HOFI (Lombardia / ITA), holding company that controls San Siro American Funeral (Lombardia / ITA), a company involved in funeral services, takes over Concordia (c. €8 million of revenue in 2020, Piemonte / ITA), a provider of management services for events, meetings, conferences, workshops, tours, press office and indoor and outdoor events, from Eurolegno (Campania / ITA), a funeral services company. As part of the transaction, Eurolegno subscribes to a capital increase in HOFI, and will become a shareholder of HOFI alongside Augens Capital, which created HOFI with the private equity firm BMO Global Asset Management
(Augens Capital, press release)
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CASTIK CAPITAL

Add-on: AddSecure Acquires Telematics Services Provider RTL Telematics

Backed by Castik Capital, AddSecure (c. SEK1 billion of revenue in 2019, Uppland / SWE), a provider of monitored alarm and data communication services, acquires RTL Telematics (East Midlands / ENG), a provider of camera and vehicle tracking solutions mainly dedicated to logistics companies transporting dangerous goods. AddSecure acquired the company via Connexas Group (£19.4 million of revenue in 2019, East Midlands / ENG), a company that specializes in the publishing of vehicle location software. This acquisition consolidates AddSecure’s position in the transport and logistics market
(Castik Capital, press release)
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AVEDON CAPITAL PARTNERS

Add-on: Dental Laboratory Platform DELABO Group Completes a Triple Acquisition

Backed by Avedon Capital Partners, DELABO Group (€10 million of revenue in 2019, North Rhine-Westphalia / DEU), a group of laboratories that offers services, dental care and a variety of dental prostheses, acquires Rauschelbach Zahntechnik (Schleswig-Holstein / DEU), a dental laboratory specialized in the field of implantology, combined technology and anterior aesthetics, Dentaltechnik Knebelsberger (Baden-Württemberg / DEU), a company specialized in digital dental technology, and Laufer Zahntechnik (Baden-Württemberg / DEU), a dental laboratory specialized in the field of implantology and combined prostheses. Following these acquisitions, DELABO Group will strengthen its position in the German dental laboratory market
(Avedon Capital Partners, press release)
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VALEDO PARTNERS

Add-on: Norva24 Takes over UIM Services Provider Kanal-Türpe

Majority owned by Valedo Partners, Norva24 (€1.3 billion of revenue in 2018, Western Norway / NOR), a company that provides cleaning services, including high-pressure cleaning, drainage, tank and pipe cleaning, has acquired Kanal-Türpe (c. €20 million of revenue in 2019, Bavaria / DEU), a provider of underground infrastructure maintenance services. This acquisition consolidates Norva24’s presence on the UIM market in Northern Europe
(Valedo Partners, press release)
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SEGULAH

Add-on: Refrigeration System Manufacturer Francks Kylindustri Acquires Mats Servicepartner

Backed by Segulah, Francks Kylindustri (SEK474 million of revenue in 2019, Skane / SWE), a company specialized in the design, installation and maintenance of refrigeration systems for cold rooms, ice rinks, production industries, supermarkets, etc., acquires Mats Servicepartner (Sodermanland / SWE), a company that provides nstallation and maintenance services for refrigeration and freezing systems. This acquisition will strengthen Francks Kylindustri’s position in southwestern Sweden
(Segulah, press release)
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VORNDRAN MANNHEIMS CAPITAL (VM)

Add-on: Pavoy Acquires Storage Division of Coating Specialist Otto Kind

Owned by Vorndran Mannheims Capital (VM), Pavoy (Rhineland-Palatinate, DEU), a company specialized in the manufacture of high-quality steel storage systems, acquires the storage systems division of Otto Kind (North Rhine-Westphalia / DEU), a company that manufactures antimicrobial surface coating solutions. The acquired activities will be combined into a single company that will operate as a subsidiary of Pavoy and will be named Kind Betriebseinrichtungen
(VM capital, press release)
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#REF!

FSI

Add-on: Adler Pelzer Acquires Acoustics Division of Vehicle Parts Supplier STS Group

Backed by FSI, Adler Pelzer (€1.4 billion of revenue in 2018, North Rhine-Westphalia / DEU), an engineering company that specializes in the design, manufacture and distribution of thermal and acoustic systems and components for the automotive industry, acquires the acoustics division of STS Group (€363 million of revenue in 2019, Bavaria / DEU), a company involved in the manufacture of interior and exterior trim parts for the automotive industry, solutions for acoustic and thermal insulation and plastic or composite material components for commercial vehicles, light and heavy trucks. STS Group has been majority owned by Mutares since 2013
(Adler Plezer, press release)
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WATERLAND PRIVATE EQUITY

Add-on: Enreach Acquires Conversational Chatbot Application Developer Botsquad

Backed by Waterland Private Equity, Enreach (c. €180 million of revenue in 2019, Flevoland / NLD), a company specialized in information technology and telecommunications that provides a comprehensive portfolio of IT and communication solutions for businesses, takes over Botsquad (North Holland / NLD), a developer of conversational chatbot application using artificial intelligence. This acquisition will allow Enreach to provide its customers with highly advanced yet easy to program chatbots
(Enreach, press release)
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BREGAL UNTERNEHMERKAPITAL

Add-on: PDV Acquires the Entire Software Supplier CC e-gov

Majority owned by Bregal Unternehmerkapital, PDV (€26.2 million of revenue in 2018, Thüringen / DEU), a company that develops software and provides electronic file management services for the public sector, acquires the entire business of CC e-gov (Hamburg / DEU), a provider of server hosting solutions for the modernization of public administration. CC e-gov will continue to operate as an independent company under the same name and with the same management team
(PDV, press release)
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SAGARD PRIVATE EQUITY PARTNERS

Add-on: Sabena Technics Acquires Aeronautical Maintenance Company AeroTech Pro

Backed by Sagard Private Equity Partners, TowerBrook Capital Partners and Bpifrance Investissement, Sabena Technics (€490 million of revenue in 2019, Île-de-France / FRA), a provider of civil and military aircraft maintenance services, is buying AeroTech Pro (Provence-Alpes-Côte d’Azur / FRA), a provider of technical assistance and maintenance services for military aircraft. Through this acquisition, Sabena Technics consolidates its presence in the military markets
(Sabena Technics, press release)
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TOWERBROOK CAPITAL PARTNERS

Add-on: Sabena Technics Acquires Aeronautical Maintenance Company AeroTech Pro

BPIFRANCE INVESTISSEMENT CAP DEV

Add-on: Sabena Technics Acquires Aeronautical Maintenance Company AeroTech Pro

TA ASSOCIATES MANAGEMENT

Add-on: ITRS Group Acquires Site Monitoring Platform Uptrends

Majority owned by TA Associates Management, ITRS Group (£24.1 million of revenue in 2019, London / ENG), a company that designs and develops business software mainly for financial professionals, announces the acquisition of Uptrends (Florida / USA), a platform for controlling website functionalities. Following this acquisition, Uptrends will retain its brand and will continue to operate as an independent company but fully owned by ITRS
(ITRS group, press release)
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ELVASTON CAPITAL MANAGEMENT

Add-on: Infoniqa Takes over Payroll Accounting Specialist StoneData

Owned by Elvastone Capital Management and Warburg Pincus, Infoniqa (€32.5 million of revenue in 2019, Upper Austria / AUT), a company that develops a human resources management software solution providing a wide range of functionalities, from payroll management to time and attendance recording, takes over StoneData (Lower Saxony / DEU), a provider of payroll accounting software and services. This acquisition allows Infoniqa to expand its payroll services
(press)
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WARBURG PINCUS

Add-on: Infoniqa Takes over Payroll Accounting Specialist StoneData

COBEPA

Add-on: Socotec Acquires Infrastructure Monitoring Specialist Cementys

Backed by Cobepa and Clayton Dubilier & Rice, Socotec (€900 million of revenue in 2019, Île-de-France / FRA), a company specialized in inspection, measurement, assistance and advice, training and certification, on behalf of professionals, acquires Cementys (€9.7 million of revenue in 2019, Île-de-France / FRA), a company specialized in auscultation, monitoring, inspection, surveillance and monitoring of the behavior of infrastructures and works. Following this strategic acquisition, Socotec will be able to expand its service offering and triple its capacities on the infrastructure market in France
(press)
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Focus Add-ons week 43-20

AMBIENTA

Add-on: Welding Machine Manufacturer Amutec and Plastic Film and Bag Manufacturer Mobert Create In.Pack Machinery

Ambienta acquires Mobert (€11.5 million of revenue in 2018, Lombardy / ITA), a company specialized in the manufacture of plastic films and plastic bags, and combines it with Amutec (€18.3 million of revenue in 2018, Toscane / ITA), a company specialized in the manufacture of welding machines for the production of biocompatible plastic bags, and Scae Europe, a company acquired by Amutec in June 2020, to create In.Pack Machinery. The newly formed company, In.Pack Machinery will be one of the leaders of packaging machinery in terms of product breadth, advanced durability and geographic reach
(Ambienta, press release)
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COBEPA

Add-on: Testing, Inspection and Certification Specialist Socotec Acquires Veritas Advisory

Backed by Cobepa and Clayton Dubilier & Rice (CD&R), Socotec (€900 million of revenue in 2019, Île-de-France / FRA), a company specialized in inspection, measurement, assistance and consulting solutions, training and certification in the fields of construction, infrastructure and industry acquires Veritas Advisory (€17 million of revenue in 2019, Texas / USA), a consulting firm offering various services and advice in terms of assessment and resolution of construction disputes, management of construction projects, assessment of financial damages, etc. This acquisition strengthens Socotec’s presence in the United States, where it already has few companies established in several American states
(Socotec, press release)
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CLAYTON DUBILIER & RICE (CD&R)

Add-on: Testing, Inspection and Certification Specialist Socotec Acquires Veritas Advisory

ARGOS WITYU (EX ARGOS SODITIC)

Add-on: Social Services Provider Cohedron Completes a Double Acquisition

Backed by Argos Wityu, Cohedron (Utrecht / NLD), an outsourcing company that provides BPO, consulting, human resources management and communication services to businesses and local communities, acquires Argonaut Advies (Utrecht / NLD), specialist in the field of social medical advice and Zorg-Lokaal (Limbourg / NLD), administrator of innovative care services who provide municipalities or regions with valid and relevant data for information steering and management. Cohedron strengthens its position in social medicine consulting and adds expertise in budget and organizational management for municipalities’ social responsibilities
(Argos Wityu, press release)
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BOWMARK CAPITAL

Add-on: Focus Group Acquires Telecommunications Equipments Supplier Resource Telecom Group

Minority owned by Bowmark Capital, Focus Group (£68 million of revenue in 2019, South East / ENG), a technology company providing IT services including mobile and cloud applications, connectivity and hosted voice, acquires Resource Telecom Group (Greater Glasgow and Clyde Valley / SCT), a full service provider of advice and services for the sale, installation and maintenance of telecommunications equipment. This acquisition allows Focus Group to expand its presence in Scotland
(press)
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EURAZEO

Add-on: ContentSquare Acquires Accessibility Software Publisher Adapt My Web

Backed by Eurazeo, Idinvest Partners, Highland Europe and KKR, ContentSquare (Île-de-France / FRA), a specialist in the publishing of SaaS solutions dedicated to optimising the online experience of users and content, announces the acquisition of Adapt My Web (AMW) ( / FRA), a technology company specialising in the publishing of customised accessibility software. At the same time, ContentSquare launches the ContentSquare Foundation, which aims to integrate AMW’s skills with those of ContentSquare, and thus broaden the availability of accessibility technology in universities and healthcare organisations
(ContentSquare, press release)
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IDINVEST PARTNERS

Add-on: ContentSquare Acquires Accessibility Software Publisher Adapt My Web

KKR

Add-on: ContentSquare Acquires Accessibility Software Publisher Adapt My Web

IK INVESTMENT PARTNERS

Add-on: School of Architecture Cread Institut Becomes Part of EDH

Backed by IK Investment Partners, Idinvest Partners, Quilvest Private Equity and CIC Private Debt, EDH (€50 million of revenue in 2019, Île-de-France / FRA), a group specialized in private higher education, acquires Cread Institut (Auvergne-Rhône-Alpes / FRA), a higher school of architecture and interior design. The acquisition of Cread will enable EDH to extend its education and training network to architecture
(press)
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IDINVEST PARTNERS

Add-on: School of Architecture Cread Institut Becomes Part of EDH

QUILVEST PRIVATE EQUITY

Add-on: School of Architecture Cread Institut Becomes Part of EDH

CIC PRIVATE DEBT

Add-on: School of Architecture Cread Institut Becomes Part of EDH

ISATIS CAPITAL

Add-on: Metaline Acquires Technical Services Company Aptech

Owned by Isatis Capital and Siparex, Metaline (€20 million of revenue in 2019, Île-de-France / FRA), a company specialized in the economic and operational management of information technologies, announces the acquisition of Aptech (Île-de-France / FRA), a supplier of technical services for the industry, technological information systems and telecommunications sectors, from the Alten group. Thanks to the acquisition of Aptech, Metaline will double its size while integrating specific services for data centers
(Metaline website)
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SIPAREX

Add-on: Metaline Acquires Technical Services Company Aptech

CAPZA (EX CAPZANINE)

Add-on: Spare Parts Supplier Ital Express Acquires Anjou Diffusion

Backed by Capza, Azulis Capital, BNP Paribas Développement and Crédit Agricole Nord Est, Ital Express (€36 million of revenue in 2019, Grand Est / FRA), a company specializing in the sale of spare parts for trucks, utility vehicles, agri-tractors, buses and trailers, acquires Anjou Diffusion (c. €10 million of revenue in 2019, Pays de la Loire / FRA), a supplier of transmission parts for agricultural machinery. Ital Express is thus carrying out its second external growth transaction since it was acquired by Capza in 2019. This acquisition allows Ital Express to expand its products for the agricultural world
(Capza, press release)
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AZULIS CAPITAL

Add-on: Spare Parts Supplier Ital Express Acquires Anjou Diffusion

BPIFRANCE INVESTISSEMENT MID & LARGE CAP

Add-on: STMicroelectronics Acquires Semiconductor Manufacturer Somos

Backed by Bpifrance Investissement Mid & Large Cap, STMicroelectronics (CHF9.6 billion of revenue in 2019, Lemanic Region / CHE), a company that provides semiconductor and component solutions for electronic devices and technologies, announces the acquisition of Somos Semiconductor (Île-de-France / FRA), a company backed by Omnes Capital, Siparex and Partech Partners and specialized in the manufacture of advanced semiconductors, amplifier systems and switches for IoT applications and smartphones. Following the acquisition of Somos, ST aims to expand its platforms in the 5G infrastructure market
(STMicroelectronics, press release)
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BC PARTNERS

Add-on: LDC Sells Workforce Management Software Specialist Mitrefinch to Advanced

Backed by BC Partners, Advanced (£254 million of revenue in 2018, South East / ENG), a company that specializes in digital support for businesses and organizations by offering a wide variety of modern IT services and tools, acquires Mitrefinch (£24 million of revenue in 2019, Yorkshire and the Humber / ENG), a company specialized in publishing software in the human resources field, from Lloyds Development Capital. As a reminder, LDC invested in Mitrefinch in 2016
(Lloyds Development Capital, press release)
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NAXICAP PARTNERS

Add-on: Flat Roof Specialist Alwitra Acquires CB

Backed by Naxicap Partners, Alwitra (€80 million of revenue in 2018, Rhineland-Palatinate / DEU), a company specializing in the construction and installation of flat roofs, acquires CB (Opole / POL), a company that produces and distributes professional building materials
(press)
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BC PARTNERS

Add-on: Advanced Acquires HRTech Company Clear Review

Backed by BC Partners, Advanced (£254 million of revenue in 2018, South East / ENG), a company that specializes in digital support for businesses and organizations by offering a wide variety of modern IT services and tools, acquires Clear Review (London / ENG), an HRTech company that develops cloud-based software that enables organizations to continuously manage and assess performance development by fostering conversations between employees and managers, from AlbionVC. This is Advanced’s third acquisition in 2020
(AlbionVC, press release)
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LEAD EQUITIES

Add-on: MCL Acquires IT Consultant Elanity Network Partner

Backed by Lead Equities, MCL (€112 million of revenue in 2019, Bade-Wurtemberg / DEU), a company that specializes in the online and in-store distribution of computer hardware and accessories, as well as the provision of related services, acquires Elanity Network Partner (Lower Saxony / DEU), a provider of managed services and clouds to businesses. The acquisition is in line with MCL’s growth strategy
(Carlsquare, press release)
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GBK BETEILIGUNGEN AKTIENGESELLSCHAFT

Add-on: MediaShop Acquires Two Online Shops BtoC and UBTC

Backed by GBK Beteiligungen Aktiengesellschaft and Hannover Finanz, MediaShop (€172 million of revenue in 2019, Lower Austria / AUT), a company that specializes in telesales of consumer goods including household products, cosmetics, wellness, fitness and leisure products, acquires two online shops for everyday products, BtoC AG (Central Switzerland / CHE), and UBTC (Central Switzerland / CHE). This double acquisition represents a further step in the growth of MediaShop
(Lupp + Partner, press release)
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HANNOVER FINANZ

Add-on: MediaShop Acquires Two Online Shops BtoC and UBTC

HG (EX HGCAPITAL)

Add-on: Iris Acquires Edtech Company Isams

Owned by HG and Intermediate Capital Group, Iris Software Group (£668 million of revenue in 2018, South East / ENG), a company that provides commercial software and services in the accounting and payment services sectors, announces the acquisition of Isams (East Midlands / ENG), a cloud-based online school management platform. Isams will support Iris’ expansion in the education sector and prepare it for further national and international expansion
(Iris Software Group, press release)
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INTERMEDIATE CAPITAL GROUP (ICG)

Add-on: Iris Acquires Edtech Company Isams

CINVEN

Add-on: JLA Acquires Fire Safety Specialist MacDonald Martin

Backed by Cinven, JLA Limited (£129 million of revenue in 2018, Yorkshire and the Humber / ENG), a provider of laundry services, rental and maintenance of washing machines, particularly for campervans and small hotels, acquires MacDonald Martin (North East / ENG), a full service provider ranging from design, installation and maintenance of fire alarm systems as well as various equipment. This acquisition allows JLA Limited to expand its fire alarm systems business
(press)
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FIVE ARROWS (FAPI)

Add-on: Softway Medical Acquires Pharmacists Network Santalis Group

Backed by Five Arrows and Naxicap Partners, Softway Medical (€47 of revenue in 2019, Provence-Alpes-Côte d’Azur / FRA), a company that provides management and support tools for healthcare professionals, announces the acquisition of Groupe Santalis (Brussels-Capital Region / BEL), a cooperative platform for pharmacists services. Softway also takes control of Idem Santé (Nouvelle-Aquitaine / FRA), a publisher of software for the management of health centers, and 2TP Santé (Nouvelle-Aquitaine / FRA), a company specialized in the management of third party payment for medical activities
(Softway Medical, press release.
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NAXICAP PARTNERS

Add-on: Softway Medical Acquires Pharmacists Network Santalis Group

BLACKSTONE

Add-on: Schenck Process Acquires Engineering Company Baker Perkins

Owned by Blackstone, Schenck Process (€600 million of revenue in 2019, Hesse / DEU), specialist in process technologies in industrial weighing, filtration, automation and air filtration technology, acquires Baker Pekins (East of England / ENG), an engineering company that specializes in the manufacture of food processing equipment. Upon completion of the transaction, the Baker Perkins executive management team will continue to manage the company. This external growth transaction is in line with Schenck Process’ development strategy
(Schenck Process, press release)
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ARGOS WITYU (EX ARGOS SODITIC)

Add-on: Juratoys Acquires Toymaker Lilliputiens

Backed by Argos Wityu, Juratoys (€52 million of revenue in 2019, Bourgogne-Franche-Comté / FRA), a company that designs and markets wooden toys for children, acquires Lilliputiens (Flemish Region / BEL), a brand of early learning and development toys for children aged 0 to 5 years, which has a revenue of over €12 million. This acquisition consolidates Juratoys’ early childhood segment
(Argos Wityu, press release)
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BUSINESS GROWTH FUND (BGF)

Add-on: Kagool Buys Digital Agency Delete

Backed by Business Growth Fund, Kagool (London / ENG), a digital marketing agency that specializes in the implementation and deployment of Sitecore technologies, acquires Delete (London / ENG), a digital agency supplying consultancy and services to support the digital transformation of businesses. This is Kagool’s first acquisition since the investment of Business Growth Fund in August 2020
(Delete, press release)
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Focus Add-ons week 42-20

PRIMARY CAPITAL PARTNERS

Add-on: ICS Learn Acquires Online Training Provider Development Processes Group

Majority owned by Primary Capital Partners, ICS Learn (Greater Glasgow & Clyde Valley / SCT), a company that supplies distance learning courses and training for students and professionals, acquires Development Processes Group (London / ENG), an online training provider. The acquisition is part of ICS Learn’s growth strategy
(ICS Learn, press release)
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SEGULAH

Add-on: Sandbäckens Acquires Service Provider Rörbolaget M Söderkvist AB

Backed by Segulah, Sandbäckens (c. SEK1.3 billion of revenue in 2019, Ostergotland / SWE), a company that provides plumbing and heating services and develops sprinkler systems for industries, hospitals and homes, acquires Rörbolaget M Söderkvist AB (Smaland / SWE), a full service provider in the field of heating and sanitation. This acquisition allows Sandbäckens to consolidate its presence in an additional strategic location
(Segulah, press release)
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VIA EQUITY

Add-on: GleSYS Acquires Digital Transformation Specialist Cloudonline

Backed by VIA Equity, GleSYS (c. SEK100 million of revenue in 2019, Halland / SWE), a company that provides the e-commerce industry with data centre services, including virtual servers, dedicated servers and colocation services, acquires Cloudonline (SEK9 million of revenue in 2019, Uppland / SWE), a provider of hybrid cloud service and support for the transformation and digital journey of businesses. Cloudonline will operate as a separate legal entity. This acquisition aims to consolidate GleSYS’ activities in the Stockholm area
(Via Equity website)
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HALDER

Add-on: Anker Acquires Software Developer LocaFox

Majority owned by Halder, Anker Kassensysteme (€13 million of revenue in 2019, North Rhine-Westphalia / DEU), a company that provides cash register systems for the retail sector, acquires LocaFox (Berlin / DEU), a developer of cloud-based point-of-sale software solutions, from its founders and historical investors. LocaFox’ extensive expertise will provide a solid technology platform for many of Anker’s new products
(Halder, press release)
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BLUEGEM CAPITAL PARTNERS

Add-on: Hair Care Product Manufacturer Pool Service Acquires Panzeri Group

Owned by BlueGem Capital Partners, Pool Service (c. €40 million of revenue in 2018, Lombardy / ITA), a company that manufactures and distributes hair care products, takes over its counterpart Panzeri Group (c. €49 million of revenue in 2019, Lombardy / ITA). BlueGem Capital Partners intends to form from Pool Service, owner of the Medavita brand, and Panzeri Group a new entity which will be the third largest manufacturer and distributor of hair care products in Italy and which will bear the name of BeautyNova
(BlueGem Capital Partners, press release)
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TIKEHAU CAPITAL

Add-on: LNA Santé Completes the Acquisition of Clinique Développement

Backed by Tikehau Capital, Siparex, Unexo and Turenne Capital, LNA Santé (€528 million of revenue in 2019, Pays de la Loire / FRA), a group involved in the operation of nursing homes, signs the acquisition of Clinique Développement (€76.6 million of revenue in 2019, Normandie / FRA), a group of private clinics. This transaction provides an exit opportunity for the minority shareholders of Clinique Développement, Tikehau, Capitem, Credit Mutuel Equity, Alliance Entreprendre and Bpifrance
(LNA Santé, press release)
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SIPAREX

Add-on: LNA Santé Completes the Acquisition of Clinique Développement

UNEXO

Add-on: LNA Santé Completes the Acquisition of Clinique Développement

TURENNE CAPITAL

Add-on: LNA Santé Completes the Acquisition of Clinique Développement

INFLEXION PRIVATE EQUITY

Add-on: Avantus Aerospace Acquires Engineering Company CalScrew

Backed by Inflexion Private Equity, Avantus Aerospace (formerly Shimtech Industries) (London / ENG), a manufacturer of insulating components used by the commercial and military aerospace markets, acquires California Screw Products (CalScrew) (California / USA), a manufacturer of high quality, high precision aerospace fasteners
(Avantus Aerospace, press release)
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NORTHEDGE CAPITAL

Add-on: Future Industrial Services Acquires Waste Management Company Neston

Backed by Northedge Capital, Future Industrial Services (£32.2 million of revenue in 2018, North West / ENG), a company that provides waste management solutions and sanitation services to industries, completes the acquisition of Neston Environmental Services (North West / ENG), also specialized in waste management and industrial cleaning services. As a result of this acquisition, Future will integrate two DISAB-branded tankers and a wide range of industrial equipment into its energy services portfolio
(Northedge Capital, press release)
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SOVEREIGN CAPITAL

Add-on: Car Park Management Solutions Provider Premier Park Acquires Park Watch

Backed by Sovereign Capital, Premier Park (South West / ENG), a company specialized in parking management, acquires its counterpart Park Watch (North West / ENG), provides tailor-made parking management solutions in the private residential sectors and corporate
(Sovereign Capital, press release)
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REITEN & CO

Add-on: Human Resources Service Provider Competentia Acquires Dare

Backed by Reiten & Co, Competentia (NOK1.4 billion of revenue in 2019, Vestlandet / NOR), a company that provides human resources services, including staffing, payroll, solutions for staff mobility to the energy and resource industry, acquires Dare (Western Australia / AUS), a professional recruitment agency. Following this transaction, Competentia strengthens its presence in Australia and adds Singapore to its list of global offices
(Reiten & Co, press release)
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EVOLEM

Add-on: Insign Buys Marketing Agency BMRP

Majority owned by Evolem, Insign (€17 million of revenue in 2017, Auvergne-Rhône-Alpes / FRA), a communications agency involved in event-driven communication for businesses, acquires BMRP (Île-de-France / FRA), an advertising agency that supplies consultancy services in influence strategy
(Evolem, press release)
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SIPAREX

Add-on: TAP Acquires Hotel Equipment Distributor Manusec

Backed by Siparex, TAP France (Île-de-France / FRA), a company specialized in the design and manufacture of handling and storage equipment, takes control of Manusec (Île-de-France / FRA), a supplier of equipment for hotels. The acquisition will enable TAP to consolidate its position in the industrial equipment market
(press)
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MBO & CO (EX MBO PARTENAIRES)

Add-on: Arcado Acquires Charcuteries Producer Aux Produits Saugets

Owned by MBO & CO, Amundi PEF and Siparex, Groupe Sipas (formerly Arcado) (€79 million of revenue in 2019, Bourgogne-Franche-Comté / FRA), specialized in the production of charcuterie, cured meats and local products, acquires Aux Produits Saugets (c. €11 million of revenue in 2019, Bourgogne-Franche-Comté / FRA), a company that produces and sells top-of-the-range charcuterie and cured meats. This acquisition strengthens the Sipas Group’s presence in the charcuteries and cured meat market
(Crédit Agricole Group, press release)
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AMUNDI PEF

Add-on: Arcado Acquires Charcuteries Producer Aux Produits Saugets

SIPAREX

Add-on: Arcado Acquires Charcuteries Producer Aux Produits Saugets

CVC CAPITAL PARTNERS

Add-on: Contact Center Service Provider Sabio Acquires Anana

Backed by CVC Capital Partners and Horizon Capital, Sabio Group (£89.2 million in 2019, London / ENG), a company specialized in cloud hosting, consulting and training services for contact centers, acquires Anana (Sud-Ouest / ENG), a provider of multi-channel customer experience solutions. Through this acquisition, Sabio intends to become a major player in customer experience solutions on the European market
(press)
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HORIZON CAPITAL (EX LYCEUM CAPITAL PARTNERS)

Add-on: Contact Center Service Provider Sabio Acquires Anana

MONTEFIORE INVESTMENT

Add-on: European Digital Group Acquires Digital Advertising Consultancy Ad’s Up Consulting

Backed by Montefiore Investment, European Digital Group (Île-de-France / FRA), a company that develops an investment platform that invests in companies involved in digital acceleration and transformation, acquires Ad’s Up Consulting (Île-de-France / FRA), a consulting firm focused on strategy and optimisation of SEA and Social Ads campaigns. This acquisition is part of European Digital Group’s development strategy
(press)
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DOVESCO

Add-on: Lansweeper Acquires Recognition Technology Company Fing

Majority owned by Dovesco, Lansweeper (Flemish Region / BEL), a company that develops network management software for businesses, announces the acquisition of Fing (Leinster / IRL), a publisher of network scanning and device recognition applications. Fing’s expertise in device identification technologies will enable Lansweeper to expand its network management solutions and services
(Lansweeper, press release)
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CINVEN

Add-on: Food Ingredient Supplier Barentz Acquires Maroon Group

Backed by Cinven, Barentz (c. €1.2 billion of revenue in 2019, North Holland / NLD), a company which manufactures and distributes food ingredients for the animal nutrition, food and personal care markets and the pharmaceutical industry, acquires Maroon Group (Ohio / USA), a supplier of life sciences ingredients and specialty chemicals. For information, Maroon Group was owned by CI Capital Partners
(press)
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RIELLO INVESTIMENTI

Add-on: First Advisory Acquires Brokerage Company Life & Wealth

Majority owned by Riello Investimenti, First Advisory (Lombardy / ITA), an insurance broker specialized in private life insurance products, acquires the entire business of Life & Wealth (Lombardy / ITA), also involved in life insurance sector. The acquisition will allow to accelerate First Advisory’s business development project and its expansion in Italy and internationally
(Riello Investimenti website)
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FIRST CAPITAL

Add-on: Tinexta Completes a Triple Acquisition to Create a Cybersecurity Hub

Backed by First Capital Tinexta (€259 million of revenue in 2019, Emilia-Romagna / ITA), a company which offers solutions in the field of digital trust, credit management and marketing innovation, acquires the projects and research and development division of IT service provider Corvallis (Veneto / ITA), as well as majority stakes in Yoroi (Lazio / ITA) and Swascan (Lombardy / ITA), providers of cybersecurity and data protection solutions. Tinexta intends to create a specialized cybersecurity pole
(press)
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Focus Add-ons week 41-20

TRITON ADVISERS

Add-on: Main Capital Sells Software Publisher RVC Medical IT to Nexus

Main Capital announces the sale of its majority stake in RVC Medical IT (Utrecht / NLD), a company specialized in medical imaging management software for healthcare institutions, to Nexus (€136 million of revenue in 2018, Baden-Württemberg / DEU), a company backed by Triton Advisers and which is also engaged in the development of healthcare softwares. Backed by Main Capital since 2014, RVC has completed significant international growth through acquisitions
(Main Capital Partners, press release)
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MAIN CAPITAL PARTNERS

Add-on: Software Developer Cleversoft Acquires its Counterpart BusinessForensics

Backed by Main Capital Partners, Cleversoft (€10 million of revenue in 2017, Bavaria / DEU), a software developer specialized in administration, document management and CRM for the financial sector, acquires BusinessForensics (South Holland / NLD), a provider of financial crime prevention softwares. The acquisition will allow Cleversoft to significantly diversify its product portfolio
(Main Capital Partners, press release)
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RATOS

Add-on: TFS Joins Forces with American Clinical Research Company DCRI

Backed by Ratos, TFS (€87.3 million of revenue in 2019, Skane / SWE), a contractual clinical research organization that provides clinical development services to companies operating in various industrial segments (pharmaceutical, biotechnology, medical, diagnostics, functional food), enters into a strategic partnership with Duke Clinical Research Institute (DCRI) (North Carolina / USA), a clinical research company that conducts innovative research work in the fields of cardiovascular diseases, respiratory diseases, nephrology, infectious diseases, etc. This merger will allow TFS to strengthen its presence in North America but also to enrich its offers for its European customers
(Ratos, press release)
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IDINVEST PARTNERS

Add-on: C2S Welcomes the Saint-Vincent and Saint-Pierre Clinics into its Group

Backed by Idinvest Partners and Eurazeo, La Compagnie Stéphanoise de Santé (C2S) (€222 million of revenue in 2019, Auvergne-Rhône-Alpes / FRA), a group of private clinics (Clinics and home care services), acquires the clinics Saint-Vincent (Bourgogne-Franche-Comté / FRA) and Saint-Pierre (Bourgogne-Franche-Comté / FRA). The integration of the two clinics into the group will enable C2S to complete its offer and offer its services in the Burgundy-Franche-Comté region
(C2S, press release)
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EURAZEO

Add-on: C2S Welcomes the Saint-Vincent and Saint-Pierre Clinics into its Group

APPOSITE CAPITAL

Add-on: Riverdale Healthcare Acquires Bridge Street Dental Practice

Backed by Apposite Capital, Riverdale Healthcare (Yorkshire and the Humber / ENG), a company made up of an investment group that provides dental practices with the necessary infrastructure to deliver care, acquires Bridge Street Dental Practice (North West / ENG), a dental practice. This acquisition is in line with Riverdale Healthcare’s development strategy
(Riverdale Healthcare, press release)
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CAIRNGORM CAPITAL PARTNERS

Add-on: Grant & Stone Acquires Building Materials Supplier 3Counties Timber & Building Supplies

Backed by Cairngorm Capital Partners, Grant & Stone (£100 million of revenue in 2019, South East / ENG), a company that provides products and services for the construction, plumbing and electrical sectors, acquires 3Counties Timber & Building Supplies (South East / ENG), a supplier of heavy and light building materials to individuals, contractors and commercial entities. This external growth transaction is in line with Grant & Stone’s growth strategy
(Cairngorm Capital Partners, press release)
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GHO CAPITAL PARTNERS

Add-on: Sterling Pharma Solutions Acquires a Factory from Pharmaceutical Products and Testing Manufacturer Alcami

Backed by GHO Capital, Sterling Pharma Solutions (£56.4 million of revenues in 2019, North East / ENG), a pharmaceutical company that provides development and manufacturing services of small molecule Active Pharmaceutical Ingredients (APIs) to biopharmaceutical companies, acquires the Germantown plant of Alcami (North Carolina / USA), a company providing pharmaceutical product manufacturing and testing services. The acquisition will strengthen Sterling Pharma Solutions’ presence in the US market
(GHO Capital, press release)
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EURAZEO

Add-on: Vitaprotech Acquires Security Systems Supplier Recas

Majority owned by Eurazeo, Vitaprotech (€48 million of revenue in 2019, Auvergne-Rhône-Alpes / FRA), a company specialized in the manufacture and development of perimeter intrusion detection systems for sensitive sites, announces the acquisition of Recas (Auvergne-Rhône-Alpes / FRA), a provider of cloud-based video surveillance solutions. Thanks to the acquisition of Recas, Vitaprotech will integrate the Saas mode in its security products
(Vitaprotech, press release)
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INSIGHT VENTURE PARTNERS

Add-on: Staffbase Acquires Survey Software Developer Teambay

Backed by Insight Ventures Partners, Staffbase (Saxony / DEU), a company that develops an employee application to enable companies to publish work-related information, acquires Teambay (Berlin / DEU), a developer of survey software for human resources departments. The acquisition of Teambay will allow Staffbase to develop a more integrated and simplified platform for internal communications and human resources
(Staffbase, press release)
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APOLLO GLOBAL MANAGEMENT

Add-on: Covis Acquires Pharmaceutical Company AMAG Pharmaceuticals

Backed by Apollo Global Management, Covis Group (Central Switzerland / CHE), a pharmaceutical company specialized in the development of innovative therapeutic solutions for the treatment of fatal and chronic diseases, has entered into an agreement to acquire AMAG Pharmaceuticals ($327 million of revenue in 2019, Massachusetts / USA), a company that develops products for the treatment of iron deficiency anemia in adult patients. Following this acquisition, AMAG will be merged with a subsidiary of Covis
(AMAG Pharmaceuticals, press release)
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BC PARTNERS

Add-on: Veterinary Clinic Group VetPartners Acquires The Hyperthyroid Cat Centre

Backed by BC Partners and Ares Management, VetPartners (£262 million of revenue in 2019, Yorkshire and the Humber / ENG), a group of veterinary clinics, acquires The Hyperthyroid Cat Center (Yorkshire and the Humber / ENG), a company specialized in treatment of feline hyperthyroidism. Following this transaction, The Hyperthyroid Cat Center will be able to offer its hyperthyroid cat care in the countries where VetPartners is present
(VetPartners, press release)
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ARES MANAGEMENT

Add-on: Veterinary Clinic Group VetPartners Acquires The Hyperthyroid Cat Centre

ARDIAN

Add-on: Sedgwick Acquires Claims Management Specialist Perigest

Backed by Ardian, Sedgwick ($2.7 billion of revenue in 2018, Tennessee / USA), a company that provides technology solutions for risk, benefits and operations and specializes in the management of workers’ compensation claims, disability and absence, acquires Perigest (North / PRT), a provider of claims management services to the marine and freight, property and liability industries. This acquisition will allow Sedgwick to diversify its customer base and support its international growth
(Sedgwick, press release)
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DEUTSCHE PRIVATE EQUITY (DPE)

Add-on: Business Software Developer Valantic Acquires ADSCAPE

Backed by Deutsche Private Equity (DPE), Valantic (€160 million of revenue in 2019, Bavaria / DEU), a company specialized in the development of software solutions for businesses, acquires ADSCAPE (North Rhine-Westphalia / DEU), a provider of product information management (PIM) software consulting, development and integration services to businesses. This acquisition will strengthen Valantic’s expertise in product information management solutions, a branch that has a strong potential for growth and demand given the growth of e-commerce companies in recent years
(Valantic, press release Press)
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INIZIATIVA GESTIONE INVESTIMENTI

Add-on: Bracchi Acquires Transport Company Peterlini

Backed by Iniziativa Gestione Investimenti and Siparex, Bracchi (€140 million of revenue in 2019, Lombardy / ITA), a company that operates in the transport and logistics sector by providing various services and integrated solutions for companies located in Italy but also around the world, takes over Peterlini (€5 million of revenue in 2019, Emilia-Romagna / ITA), a transport company specialized in the transport of heavy and exceptional loads. Bracchi intends to become a European leader in logistics and transport
(press)
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SIPAREX

Add-on: Bracchi Acquires Transport Company Peterlini

DROEGE GROUP

Add-on: Weltbild Acquires Book Publisher teNeues

Backed by Droege Group, Weltbild (c. €450 million of revenue in 2018, Bavaria / DEU), a Catholic bookshop specialized in the publishing and sale of books and magazines worldwide, takes over teNeues (North Rhine-Westphalia / DEU), an international publisher of business and illustrated books
(Droege Group, press release)
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