Private Equity Deals highlighted Week 35-25

Each week, we bring you a curated selection of the most noteworthy Private Equity transactions across Europe and North America, carefully selected from the Arx Database. These insights provide a unique perspective on market trends and highlight strategic investment opportunities. This week’s highlights include marketing, energy infrastructure, healthcare staffing, and fitness:
  • Acquisition: Beringer Capital acquires US-based Bold Orange, a customer experience and digital marketing agency specializing in loyalty, UX, CRM, and performance media.
  • Acquisition: Three Hills Capital Partners invests in Sinewave, a UK-based provider of high/low voltage electrical services for EV, renewables, and commercial infrastructure.
  • Acquisition: Gimv acquires Novicare, a Dutch provider of paramedical staff for healthcare facilities and home patients, from Gilde Healthcare Partners.
  • Exit: Montefiore Investment sells French fitness chain Les Cercles de la Forme to Wellnest Society, bolstering the buyer’s hybrid wellness platform.
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Beringer Capital

Beringer Capital

Acquisition: Beringer Capital acquires the agency specialized in customer experience and digital marketing Bold Orange

Beringer Capital acquires Bold Orange (Minnesota / USA), a company that develops customer experience solutions integrating go-to-market strategy, content creation, UX/UI design, loyalty programs and CRM, performance marketing, digital media, and implementation of Salesforce Marketing Cloud, in order to optimize customer engagement and generate measurable business results. Beringer Capital succeeded Mountaingate Capital, which had entered Bold Orange’s capital in 2017. This new acquisition will allow Bold Orange to strengthen its technological capabilities, accelerate its growth strategy, and enhance its leadership position in the customer experience market.

Bold Orange, press release

Three Hills Capital Partners (Thcp)

Acquisition: Three Hills invests in the electric services provider Sinewave

Three Hills Capital Partners (THCP) acquires a minority stake in Sinewave (£20.3 million of revenue in 2024, South West / ENG), a company specializing in high and low voltage electrical services, covering the entire lifecycle of electrical infrastructure projects, including design and consulting, network connections, construction and civil engineering, testing and commissioning, operation and maintenance, particularly for industrial, commercial, renewable energy, and electric vehicle charging sectors. With the support of Three Hills, Sinewave plans to accelerate its expansion into high-growth markets and strengthen its capabilities and position in the UK electrical services market.

Three Hills Capital Partners, press release
New deal Gimv

Gimv

Acquisition: Gimv acquires the paramedical staff provider Novicare from Gilde Healthcare Partners

Gimv acquires a majority stake in Novicare (North Brabant / NLD), an agency that provides paramedical staff to healthcare facilities and home patients. The acquisition was made from Gilde Healthcare Partners, the majority shareholder of the company since 2015. This operation allows Novicare to accelerate its innovative and sustainable development in specialized care, while contributing to the continuity, accessibility, and quality of the Dutch healthcare system.

Gimv, press release
New deal Montefiore Investment

Montefiore Investment

Exit: Wellnest Society acquires the fitness and gym chain Les Cercles de la Forme

Present in Martek’s portfolio, Wellnest Society (€40 million of revenue in 2024, Île-de-France / FRA), a company that brings together brands and clubs dedicated to making sports and well-being more accessible in France by offering immersive experiences combining physical and digital formats to integrate well-being into daily life, acquires Les Cercles de la Forme (€30 million of revenue in 2024, Île-de-France / FRA), a chain of gyms and fitness centers. This operation allows Wellnest Society to consolidate its presence in Île-de-France, expand its portfolio with a recognized multisport offering, and continue its mission to make well-being accessible to all through hybrid, physical, and digital experiences. As a reminder, before this transaction, Les Cercles de la Forme was owned by Montefiore Investment since 2017.

Wellnest Society, press release

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