Acquisitions in West Flanders, Belgium

Davidson Kempner Capital Management, supported by operating partner Afendis Capital Management, has completed the acquisition of ice cream producer YSCO through its Glacier ice cream investments platform. The deal brings YSCO together with Gelato d'Italia to create one of the largest third‑party ice cream manufacturers globally (combined revenues in excess of €600 million); YSCO operates production sites in Belgium and France and distributes up to 200 million liters annually.

Firmament has made a majority investment in Navitrans, the Kortrijk, Belgium-based provider of transportation and warehouse management software, with Valsoft remaining as a minority shareholder and Navitrans management remaining in place. The capital will support product development, management initiatives and strategic acquisitions as Navitrans expands its presence across European logistics service providers.

Belgian insurance broker AlliA has entered a partnership with mid-market private equity firm Ergon, which acquires a minority stake alongside the Lebon family and management. The investment will support AlliA's organic growth and M&A strategy to accelerate expansion in Belgium, Luxembourg and internationally while the founding family and management remain in charge of daily operations.

Rivean Capital has signed an agreement to acquire a majority stake in Trustteam, a Belgium-headquartered IT managed services provider, from Ardian Expansion. The deal positions Trustteam to continue its buy-and-build strategy under Rivean's backing, supporting further organic growth and strategic M&A across Belgium and Northern France.

AURELIUS Equity Opportunities has acquired the aluminium precision tubing business of Norsk Hydro, Hydro Precision Tubing Lichtervelde, in a carve-out transaction. The Belgium-based plant (rebranded as Remi Claeys Aluminium) employs more than 180 people and generated roughly EUR 50 million in revenue in 2020; financial terms were not disclosed.

Ergon, together with Summa's management team, has acquired Summa from Gimv in a management buyout. Summa is a Belgium-headquartered manufacturer of digital cutting equipment that employs over 150 people and will partner with Ergon to accelerate international expansion, product development and software initiatives.