Amethis Acquires Majority Stake in Power Security Solutions Provider ADEMAT

Abenex Acquires Majority Stake in Tethys

May 1, 2026

Industrial Services

Abenex announced the acquisition of a majority stake in Tethys, a French specialist in pyromechanical systems for critical applications. The transaction makes Abenex the majority shareholder alongside the management team, with Bpifrance reinvesting as part of the deal.

Delmas Investissements & Participations Acquires Majority Stake in Acces Industrie from Equistone

April 16, 2024

Industrial Services

Delmas Investissements & Participations, a French family investment group, has agreed to acquire a majority stake in Acces Industrie from Equistone Partners Europe. Acces Industrie is an independent rental specialist of mobile aerial work platforms and handling equipment that grew to ~650 employees and €140m revenue under Equistone; Delmas says it will consolidate the group's regional roots and pursue national and international development.

ETC Group Acquires Amadys from Equistone Partners Europe

March 9, 2023

Telecommunications

ETC Group, a global provider to the telecom network and technology infrastructure industry, has acquired Amadys, a Belgium-based system integrator of end-to-end connectivity solutions, from Equistone Partners Europe. The deal — in which Amadys' management will reinvest — expands ETC's geographic footprint and capabilities across the Benelux, UK and DACH regions; financial terms were not disclosed.

Apax Acquires Majority Stake in CEME Group

March 17, 2022

HVAC & Mechanical

Apax (with Société Générale Capital Partenaires and BNP Paribas Développement) has signed an agreement to acquire a majority stake in CEME Group, a French leader in electrical and HVAC engineering and maintenance. The transaction (subject to competition approval) reorganises shareholding to exit Azulis Capital and the Desbruères family and aims to accelerate organic growth and M&A to expand regional presence and capabilities in energy efficiency and related services.

Amentum Acquires PAE Incorporated

February 15, 2022

Professional Services

Amentum has closed its all-cash acquisition of PAE Incorporated, valued at approximately $1.9 billion including the assumption of debt and certain fees. The combination expands Amentum’s capabilities across synthetic training, sensor-based technologies, intelligence, cyber and IT, space operations, environmental solutions, asset management, and mission support for U.S. federal and allied governments.

Equistone Partners Europe Acquires Amadys

November 15, 2019

Telecommunications

Equistone Partners Europe has agreed to acquire Amadys NV, a Brussels-headquartered provider and distributor of passive network equipment for utilities and telecoms, from the company's management and Vectis Private Equity. Management, led by CEO Hein Wilderjans, will reinvest and retain a minority stake; Equistone plans to support organic growth and use Amadys as a platform for consolidation and international expansion. The deal is subject to competition clearance and financial terms were not disclosed.