Acquisitions in Pays de la Loire, France

Marlin Equity Partners, with co-investment from Bpifrance, completed a majority investment in Tennaxia, a Laval, France–based cloud software provider for EHS and ESG data management. The founders and management remain involved as the deal will support Tennaxia’s product development and international expansion.

Hillenbrand, Inc. completed the acquisition of LINXIS Group from IBERIS INTERNATIONAL S.À R.L. (an affiliate of IK Partners) and other sellers for aggregate consideration of €596.2 million. LINXIS — a global designer and manufacturer of dosing, mixing, drying and coating equipment with six market-leading brands — will join Hillenbrand’s Advanced Process Solutions segment to expand its food‑processing capabilities and aftermarket services.

Astorg Mid‑Cap has completed an investment in ARMOR‑IIMAK, acquiring a c.40% stake while ARMOR‑IIMAK's Executive Chairman Hubert de Boisredon and the management team remain majority shareholders. Headquartered in Nantes, France, ARMOR‑IIMAK is the global leader in thermal transfer ribbons with ~1,600 employees across its global footprint; Astorg will support the company's growth, geographic expansion and future acquisitions.

Probo Medical, a global provider of refurbished medical imaging equipment and a portfolio company backed by Varsity Healthcare Partners, has acquired IMAX Medical, a Nantes-based specialist in buying, selling and logistics of pre-owned diagnostic imaging equipment. The acquisition expands Probo's presence in France and strengthens its European sourcing, sales and logistics capabilities for refurbished imaging systems.