Transactions - Business services

The shareholders of Delta Service Location, an industrial equipment rental company, sold their shares to private equity investors and management in an LMBO transaction.

Supercharge, a digital transformation company based in Hungary, signed an agreement for the sale of a majority stake to Siili Solutions (HEL: SIILI), a publicly-listed IT consultancy based in Finland.

Pack Solutions, a leading player in outsourced management of life insurance and pension insurance products, reorganized its capital with Siparex Intermezzo.

Pinnacle Data Systems, LLC was sold to Doxim Inc., a portfolio company of GI Partners.

Luandre, the leading work agency in Brazil, was sold to Grupo GPS, one of the largest providers of outsourcing services.

CREAD Institut, an interior design school, was sold to Groupe EDH.

Techstep ASA, a managed mobility services provider in the Nordics, acquired Optidev AB, a leading Nordic supplier of turnkey mobility solutions with focus on transportation and logistics and public safety sectors.

CER Cargo Holding, a leading privately-owned rail freight cargo company, raised EUR 6.3 million from Széchenyi Funds, a state‐owned private equity fund.

Green Fox Academy, Budapest‐based bootcamp offering new education products for the tech‐driven labor market, raised fund from Impact Ventures, Hungarian investment fund with focus on social innovation.

Confirma Software AB, backed by US private equity firm Abry Partners, acquired DataVara AB, a leading Swedish provider of payroll systems and services for the SME segment.

Frigo ‘s-Heerenberg, a Dutch cold store company providing temperature-controlled storage of food products, was sold to PE backed Lineage Logistics.

Sanaga Group (EDEA), a specialist in outdoor landscaping in complex environments, acquired DecoJardins and KaRenoc.

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.

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.

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.

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.

Adelis Equity, a private-equity firm focused on the Nordic middle market, acquired all the affiliated offices of Säkra AB, thus forming a leading brokerage firm with a focus on property & casualty insurance, life insurance, pensions, and savings.

Clairfield advised management and led the transaction in the MBO of Nationwide Hire Ltd. Management were backed by private equity firm Livingbridge with acquisition finance and working capital provided by Clydesdale & Yorkshire Bank.

Nova Engineering and Environmental, an industry leader providing environmental consulting, geotechnical engineering, construction materials testing and inspections, and related consulting services, was sold to Watkins Associated Industries.