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Cross-border M&A dominated Thursday's dealflow as European buyers made aggressive moves into North America.
BC Partners closed their acquisition of French generics giant Biogaran from Servier, while Mediawan signed to acquire Peter Chernin's North Road Company in a deal creating a nearly $2 billion global content platform.
Infrastructure stayed hot with US Signal expanding its data center footprint in Aurora. Add-ons kept rolling across facility management, supply chain consulting, packaging, and adhesives. Lastly, we closing January out with. a flurry of promotions.
Let's dive in.
BC Partners
French Generics Giant Acquisition
BC Partners and Bpifrance closed their acquisition of Biogaran from Servier, marking a new chapter for one of France's largest generic medicines companies. The deal, which received French FDI screening approval, includes commitments to maintain headquarters and operations in France. Erick Roche returns as CEO effective end of March after previously leading the company for 15 years. Biogaran generated €1.122 billion in statutory net turnover and sold 357 million boxes of medicines in France over the last 12 months.
Mediawan
$2B North Road Company Acquisition
Mediawan signed an agreement to acquire The North Road Company from founder Peter Chernin, creating one of the world's largest independent studios.
The combined entity will operate nearly 100 production companies across 15 countries with over $2 billion in annual production volume. North Road will serve as Mediawan's North American hub, with Peter Chernin joining Mediawan's board as Non-Executive Chairman and Scott Manson becoming CEO.
US Signal
Aurora Data Center Expansion
US Signal acquired a new data center in Aurora, Illinois, with immediate plans to expand capacity to 4MW critical or 6MW commercial. The company will deploy its OpenCloud private cloud platform at the facility, providing local virtualization options for the Chicago market.
The acquisition is supported by continued investment from Igneo Infrastructure Partners, which has committed more than $200 million to accelerate US Signal's growth across data centers, fiber, and cloud infrastructure.
No major fundraises or financings tracked today.
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Inspirit Equity acquires Sizemore, Inc. – Inspirit Equity completed a majority acquisition of Sizemore, Inc., a 70-year-old facility management services provider based in Augusta, Georgia. Founded in 1955 by retired police officer Eddie Sizemore, the company operates through three divisions: Janitorial Services, Security Services, and Staffing Services across the Southeastern United States. President and CEO Preston Sizemore will continue to lead the company. Financial terms were not disclosed.
Körber acquires majority stake in Stellium – Körber signed a binding agreement to acquire a majority stake in Stellium, a Houston-based SAP supply chain management consulting firm. The combined company will operate as Körber Stellium, creating a premiere global firm for end-to-end SAP Supply Chain Management implementations. Stellium's leadership team will continue to manage operations working closely with Körber's Competence Center Consulting global leadership team.
Foundation Investment Partners acquires Paper Converters Inc. – Foundation Investment Partners acquired Paper Converters, Inc. through its platform company Sustainable Packaging, LLC. Founded in 2002 and located in Walterboro, South Carolina, Paper Converters manufactures spiral wound paper tubes, edge board, and sheeting for the textile industry. The acquisition enables collaboration with sister company Amspak across overlapping product lines. Former owners Kline Smyly and Tanya Barnes will remain with the company to support growth.
Applied Adhesives acquires Interlock Adhesives – Applied Adhesives, a Bertram Capital portfolio company, acquired Interlock Adhesives, establishing the company's presence in the UK market. Founded in 1993 and headquartered in Scunthorpe, North Lincolnshire, Interlock is a Henkel Premium Partner providing adhesive solutions across packaging, labeling, and bookbinding industries. The senior leadership team of Tony Blott, Michael Blott, and David Blott will continue to lead development.
No major regulatory or industry developments tracked today.
Falfurrias Management Partners – The Charlotte-based firm announced several leadership promotions: Katie-Rose Austin, Grant Hundley, and Hugh McColl IV were promoted to Principal. Jubal Early was promoted to Vice President. Rob Heidel was promoted to Chief Financial Officer.
High Street Capital – Blake Bartolomei was promoted to Partner at the Chicago-based firm. Bartolomei joined High Street Capital in 2018 and has been actively involved in originating new investment opportunities, executing transactions, and working with portfolio company management teams.
Apollo Global Management – Akila Grewal, CFA was elevated to Global Head of Apollo's Institutional Client Group, across sales and product. Marking nearly ten years at the firm, Grewal is now a Partner and member of the Firm's Leadership Team, responsible for institutional client relationships, capital formation, product strategy and distribution.
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That's the wrap. More deals coming your way tomorrow.
- Private Markets Minute Team