- Acquisition: Wallonie Entreprendre invests in JEMA, a Belgian manufacturer of high-performance power supply systems for industrial electrification.
- Acquisition: Turenne Capital becomes majority shareholder of TSA Industries, a French stainless steel equipment manufacturer serving the pharmaceutical and food sectors.
- Acquisition: Foresight Group supports the growth of real estate consultancy Graham + Sibbald through a strategic investment and bolt-on acquisition.
- Exit: Vaaka Partners exits Jungle Juice Bar, a Finnish juice and smoothie chain, acquired by restaurant group NoHo Partners.
Wallonie Entreprendre (WE)
Acquisition: Wallonie Entreprendre invests in the manufacturer of high-performance power systems JEMA
Wallonie Entreprendre (WE) announces an investment in JEMA (€13.04 million of revenue in 2024, Walloon Region / BEL), a company that designs and manufactures high-performance power supply systems in direct current (DC), high voltage, and radio frequency (RF) for the medical, large sciences, transport, and industrial sectors. Wallonie Entreprendre will support JEMA’s growth in the industrial electrification sector and in achieving its strategic objectives, including expanding its market presence and advancing its technological innovation.
Wallonie Entreprendre, press release
Turenne Capital
Acquisition: Turenne Groupe becomes the majority shareholder of the stainless steel equipment manufacturer TSA Industries
Turenne Capital, through Nov Relance Impact and the Société de libre partenariat (SLP) Sélection & Opportunités (evergreen), acquires a majority stake in TSA Industries (€21.3 million of revenue in 2024, Grand Est / FRA), a manufacturer of stainless steel equipment such as grids, trolleys, shelves, and sterilization baskets for the pharmaceutical and food industries. This operation marks the exit of FrenchFood Capital and Capital Grand Est, historical financial shareholders, and is accompanied by the reinvestment of Caisse d’Épargne Grand Est Europe (CEGEE Capital) as well as that of the management. The transaction was supported by debt provided by Caisse d’Épargne Grand Est (CEGEE) and Banque Populaire Alsace Lorraine Champagne (BPALC). With the support of Turenne Groupe, TSA Industries aims to accelerate its international development, conduct external growth operations, and strengthen its commitment to employee shareholding and ESG strategy.
Turenne Groupe, press release
Foresight Group
Acquisition: Foresight Group invests in the real estate consulting firm Graham + Sibbald
Foresight Group announces its investment in Graham + Sibbald (£25 million of revenue in 2024, Dundee & Angus / SCT), a real estate and land consultancy firm, offering services in commercial and residential real estate, construction, valuation, and sustainability across various sectors. This investment enabled Graham + Sibbald to acquire Aitchison Raffety (£8.8 million of revenue in 2021, South East / ENG), a real estate consultancy firm that provides commercial and residential property management, valuation, urban planning, development, and investment advisory services. Graham + Sibbald plans to evolve towards a corporate structure to facilitate acquisitions, office openings, and key recruitments.
Foresight Group, press release
Vaaka Partners
Exit: Vaaka Partners sells the juice bar chain Jungle Juice Bar
Vaaka Partners announces the sale of its majority stake in Jungle Juice Bar (Uusimaa / FIN), a chain of juice and smoothie bars. The buyer, NoHo Partners (c. €430 million of revenue in 2024, Pirkanmaa / FIN), a Finnish group specializing in restaurant services, takes over by partnering with the remaining management team of Jungle Juice Bar, which retains a minority stake. As a reminder, Vaaka Partners acquired Jungle Juice Bar in 2017.
Vaaka Partners, press release