Each month, we bring you a selection of M&A deals to help you decipher industry trends. Here are the highlights for January:
- Munhowen, one of Luxembourg’s leading beverage distributors, merges with rival family firm Boissons Heintz. By 2023, Munhowen and Boissons Heintz, two century-old companies, had achieved sales of €89 million and €39 million respectively. The operation consolidates Munhowen’s leading position on the Luxembourg market, with the new group’s ambition to become a regional champion in the Greater Region.
- Adepa, a Luxembourg-based investment fund services company, signs the acquisition of Fidupar, offering equivalent services and with sales of €3.8 million. The acquisition consolidates the company’s position in the Luxembourg financial services sector.
- Demathieu Bard, a construction group based near Metz, has acquired the Swiss company Steiner Construction. Group sales are expected to exceed €2 billion, with 4,000 employees.
- King Jouet, a toy distributor present in France, Switzerland, Belgium and Luxembourg, returns to the control of the Gueydon family. The family’s stake in the company increases from 49% to 70%. In 2022, the toy retailer achieved sales of €410 million.
- Welcome To The Jungle, a French start-up specializing in recruitment, has acquired its British competitor Otta, with a view to growth in the United Kingdom and the United States. Otta, with a user base of 2 million, is the UK’s leading recruitment platform for the tech and start-up sectors.
- Wifirst, a French operator of WiFi infrastructures for professionals, acquires Hotsplots, a major WiFi player in Germany (17,500 hotspots) whose customers include the German public railway company. This strategic acquisition, backed by its investors (CAPZA, AMUNDI, Bpifrance, Socadif), propels Wifirst’s international expansion, strengthening its position as European leader.
- US investment giantBlackRock has completed the acquisition of asset manager Global Infrastructure Partners for €12.5 billion. GIP’s portfolio includes notable infrastructure assets such as international airports, including Edinburgh, as well as a significant 39% stake in the Suez group.
#M&A #Market trends #Corporate strategy
