Transactions

Vossloh AG completed the sale of its Locomotives business unit, to CRRC Zhuzhou Locomotive Co., Ltd., Zhuzhou, China (CRRC ZELC), a subsidiary of the China Railway Rolling Stock Corporation Ltd. (CRRC). CRRC is the largest rolling stock manufacturer in the world.

Cloudstaff Modern Workforce, a leading global cloud-based workforce provider, raised USD 20 million in Series B funds from Philippines-focused private equity firm Navegar. Cloudstaff is incorporated in Australia and based in the Philippines.

FirstCash, a US global leader in the retail pawn industry, acquired a private Mexican company that operates 36 pawn shops located mainly in Mexico’s central region.

Clairfield assisted the minority shareholders of 2C Solution, controlled by Namirial, in the sale of their shares to the parent company, which was
simultaneously acquired by the PE fund Ambienta. The minority shareholders reinvested together with the founders of Namirial in the new company controlled by Ambienta.

CEI Costruzione Emiliana Ingranaggi S.p.A., specialized in the production and commercialization of spare parts and components for industrial vehicles, sold a majority stake to Alto Partners SGR, a private equity fund investing in small and medium-sized Italian companies.

Fruliance, a French group specialized in the production of jams and culinary aids, was sold to French Gourmet Food.

Korus, a French interior design and construction services company, acquired Le Bureau Contemporain.

The management team of Transports Murie acquired the company in a management buyout.

The Oslo-based agency Nordic Live AS sold a majority stake to FKP Scorpio, one of Europe’s leading festival and concert promoters.

Gradiente SGR Spa and Firme Spa sold Lanificio dell’Olivo, a historic producer of fancy knitting yarns, to the Ethica Global Investments Spa fund.

SoLocal Group, a Euronext-listed digital marketing company, sold its Spanish subsidiary QDQ Media to AS Equity Partners.

The owners of Jouka Oy, a Finnish ball-valve manufacturer, sold all shares in the company to Indutrade Oy.  

Nets Group acquired PeP, a leading merchant acquirer in Poland with an installed base of more than 125,000 point-of-sales terminals, offering a broad set of payment solutions focused on the attractive SME segment. The transaction values PeP’s enterprise value at EUR 405 million.

Groupe Ouvêo, a French manufacturer of windows, acquired the company Seeuws.   

Point Group Oy, a digital service provider for the built environment in Finland, was sold to the French Arkance, a subsidiary of Groupe Monnoyeur.

Virginio Cassina, a private investor, through his holding company Virginio Cassina S.r.l., acquired a minority stake of Valetudo, a company specialized in the production and distribution of cosmetic and pharma cosmetic products. 

The shareholders of Euro Techniques Industries, a fluid-transfer systems company, sold a minority stake to Modec.

Jetex, an award-winning global leader in executive aviation, took strategic ownership of JEM Aviation, a fixed base operator providing services to airlines in based in Marseille.

Incap Corporation acquired ownership of AWS Electronics Group, an electronic manufacturing services (EMS) provider specialized in high complexity services with production facilities in the UK and Slovakia.

SITI B&T Group S.p.a., a specialist for the production of plants for the tile manufacturing industry, acquired Diatex S.p.A., a provider of diamond tools for stone and ceramics processing.