hlpy acquires Carvoilà and raises €20M with BNP Paribas BNL Equity Investments joining

MidEuropa Acquires Majority Stake in the MBL Group

December 19, 2025

Medical Devices

MidEuropa has acquired a majority stake in the MBL Group, a leading European contract development and manufacturing organisation (CDMO) for assisted mobility, rehabilitation and aged-care equipment. INVL Baltic Sea Growth Fund has fully exited its shareholding while the Lauritsen family has reinvested and CEO Martin Lauritsen will continue to lead the business as MidEuropa supports international growth and capability expansion. MBL employs approximately 1,700 people across Europe and Asia and holds over 100 registered patents.

Carlyle Acquires Controlling Stake in Highway Industries and Roop Automotives

February 13, 2025

Manufacturing

The Carlyle Group, with equity from funds affiliated with Carlyle Asia Partners (CAP), completed a controlling-stake acquisition of Highway Industries Limited and Roop Automotives Limited, combining the businesses into a single platform serving global automotive OEMs. Carlyle intends to scale the platform through consolidation, operational improvements and potential synergistic add-ons to deepen capabilities across forged and precision-machined components, steering assemblies and powertrain applications.

Piab Group Acquires COVAL (Patricia Industries Funds Add-on)

March 28, 2023

Manufacturing

Piab Group has acquired COVAL, a French maker of vacuum automation components and systems, in a strategic add-on to strengthen Piab's product portfolio and geographic footprint. The acquisition was funded with EUR 20m in equity from Patricia Industries (part of Investor AB), together with cash from Piab and external debt; COVAL reported approximately EUR 23m revenue and EUR 5m adjusted EBITDA for the 12 months ending December 2022.

H.I.G. Capital Acquires Majority Stake in Berardi Bullonerie

February 3, 2022

Industrial Services

H.I.G. Capital (through an affiliate) has acquired a majority stake in Berardi Bullonerie S.r.l., a leading Italian distributor of fasteners and provider of integrated logistics/kanban services. The investment will support Berardi's growth strategy—combining organic expansion and targeted acquisitions—and the Berardi family (including CEO Giovanni Berardi) will remain invested alongside H.I.G.

Hillebrand Acquires Majority Stake in VignoblExport

May 6, 2021

Logistics & Distribution

Hillebrand has acquired a majority stake in VignoblExport, a French provider of small-quantity logistics and proprietary digital solutions for alcoholic beverages. The deal is intended to strengthen Hillebrand’s small-quantity logistics capability and accelerate its e-commerce and direct-to-consumer services globally; Hillebrand holds an option to acquire the remaining shares.

The Carlyle Group to Acquire Majority Interest in The Hilb Group

October 30, 2019

Insurance

The Carlyle Group has signed a definitive agreement to acquire a majority interest in The Hilb Group from Abry Partners; financial terms were not disclosed. Hilb, a Richmond-based insurance brokerage with more than 900 associates and 91 branch offices, will retain significant ownership by its management team and employee shareholders as Carlyle supports further organic growth and targeted M&A.