The Bolt-Ons Digest – 17 April 2023

Industrials
Triton’s BFC Group, a German manufacturer of roll-cut metallic scaffold tapes, has acquired Arrowhead, a US-based metal supplier to the automotive industry. Triton acquired BFC in February 2018 via Triton Smaller Mid-Cap Fund (2017-vintage).

Waterland’s Alliance Electronics, a French manufacturer of circuit boards, has acquired JTC Micro Electronics, a Belgian provider of circuit board assembly. The sponsor acquired Alliance Electronics in December 2021.

Argos Wityu’s Agon Electronics, another French manufacturer of circuit boards, has acquired MIOS Elettronica, an Italian solutions provider to the railway industry. Argos Wityu acquired Agon in February 2022.

Weinberg Capital Partners-backed Recyc-Matelas Europe, a French mattress recycler, has acquired Ecomatelas, a local supplier of reconditioned bedding. Weinberg acquired the company in September 2021 via WCP Impact Dév (2021-vintage).

One Equity Partners’ (OEP) Clayens, a French outsourced manufacturer of polymers, has acquired Parkway Products, a US-based precision plastics manufacturer. OEP acquired Clayens in July 2022.

Chequers Capital’s Alkern, a French concrete products manufacturer, has acquired ADG Beton, a local peer. Chequers acquired Alkern in December 2016 via Chequers Capital XVI (2011-vintage).

Financial Services

Seven2’s (formerly Apax Partners France) Groupe Crystal, a French wealth adviser, has acquired local peer Delta Finance, which has EUR 120m AUM. Seven2 acquired Groupe Crystal in May 2021 via Apax Midmarket X (2019-vintage).

CBPE’s Perspective Financial Group, a UK-based wealth management firm, has acquired three local peers HNH Financial Services, Gould Financial Planning and Financial Choices IFA. CBPE acquired Perspective Financial Group in December 2019 via CBPE Capital Fund IX (2015-vintage).

Healthcare

Borromin Capital’s Protect Medical, a holding company set up to consolidate the emergency services sector, has acquired Productos Metálicos del Bages, a Spain-based manufacturer of EMS products. Borromin formed Protect Medical in June 2019 via Borromin Capital Fund IV (2018-vintage).

Business services
Verium’s Sequotech, a Swiss group of IT services companies, has acquired Exxo it-services, a local cloud provider. Verium, a multi-family office, acquired Sequotech in November 2020.

ECI’s BCN Group, a UK provider of IT services, has acquired Northern Irish peer CMI from Panoramic Growth Equity. ECI acquired BCN in June 2022 via ECI 11 (2018-vintage).

Ufenau’s Marktest, a Portuguese market research group, has acquired Spanish peers Conecta Research & Consulting and Amber Marketing Research. Ufenau acquired Marktest in October 2022 via Ufenau VII German Asset Light (2022-vintage).

Technology

Palatine’s FourNet, a UK-based telecommunications company, has acquired Nowcomm, a Cisco services provider, marking the group’s second bolt-on. Palatine acquired FourNet in June 2021 via Palatine Private Equity Fund IV (2019-vintage).

NorthEdge Capital’s Altia Solutions, a UK-based covert operation software specialist, has acquired Badger Software, a local supplier of software for critical incidents. Northedge acquired Altia in November 2020 via Northedge Capital SME Fund I (2018-vintage).

Media

Equistone’s Talon, a UK-based out-of-home media agency, has acquired peers Evolve and Novus Canada, based in the UK and Canada. Equistone acquired Talon in July 2022 via Equistone Partners Europe Fund VI (2018-vintage).

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• Topics
• Expansion
• Portfolio management
• GPs
• Financials
• Healthcare
• Industrials
• Media
• Support services
• Technology
• Benelux
• DACH
• France
• UK / Ireland
• One Equity Partners
• Equistone Partners Europe
• NorthEdge Capital
• Palatine Private Equity
• Ufenau Capital Partners
• ECI Partners
• Close Brothers Private Equity (CBPE)
• Apax France SA
• Chequers Capital
• Weinberg Capital Partners
• Argos Wityu
• Waterland Private Equity
• Triton Partners